Hong Kong Releases Consultation Paper as It Is Ready to Allow Trading of Large Crypto Coins

The introduction of the consultation paper, which is open until March 31, is the next major show of good faith for the regulator, and industry experts are keeping a close eye on the events moving forward. The Hong Kong Securities and Futures Commission (SFC) has released a consultation paper that shows it is making good … Read more

Crypto Market Jumps 10% with Bitcoin Approaching $25,000, BLUR Token Volume Hits $1 Billion

It is for the first time that the BTC price is trading close to $25,000 since August 14, 2022. Whale participation and trading volumes might soon shift from altcoins to Bitcoin. On late Wednesday, February 15, the cryptocurrency market surprised with a strong 10% jump adding more than $100 billion to investors’ wealth in a … Read more

Morgan Stanley Says Waning Stablecoin Issuance Could Impact Crypto Trading

New York-based banking powerhouse Morgan Stanley opines that a drop in stablecoin issuance is a negative sign for crypto trading.  According to Morgan Stanley (NYSE: MS), a decrease in stablecoin issuance spells bad news for crypto trading. In a research report on Monday, the New York-based banking giant delineated the benefits of stablecoins to crypto trading. In … Read more

Galaxy Digital Eyes Global Regulatory Approval amid US Crypto Crackdowns

Galaxy Bahamas Ltd. will physically operate from the Bahamas and initially serve as an extension of the company’s trading platform. Galaxy Digital Holdings Ltd (Toronto: GLXY) has been pushing boundaries to help onboard worldwide institutional investors into the cryptocurrency market. The crypto-focused company with over $2 billion in assets under management (AUM) takes pride in … Read more

Banco do Brasil Partners with Bitfy to Allow Users Pay for Tax with Crypto

Banco do Brasil is focused on leveraging this partnership to bolster crypto adoption throughout Brazil. Brazil’s largest bank, Banco do Brasil (BB) has entered into a partnership with blockchain solutions startup Bitfy. Per a local news report from AgenciaBrasil, the partnership will allow the customers of Banco do Brasil to make tax payments using crypto … Read more