Day: 4 November 2024

In an exclusive interview with Mario Nawfal on X, MicroStrategy CEO Michael Saylor shared his perspective on Bitcoin’s recent price rally and the factors driving Wall Street’s deepening interest.  Saylor highlighted that Bitcoin is increasingly seen as “digital gold,” a transformation that has captured the attention of major financial institutions. ...

Circle is setting its sights on Hong Kong as a strategic entry point to the Asian market.  According to a local report, the USDC issuer plans to expand its workforce and operational footprint in the region and intends to apply for a license once Hong Kong's new stablecoin regulations are ...

Introduction The fast rise of Web3 and decentralized technologies allowed for truly disruptive possibilities across finance to content creation. Web3 presented unparalleled opportunities and challenges; at the same time, it provided the possibility to change it all. On a mission to guide such groundbreaking startups in fundraising, scaling operations, and ...

Indian authorities are investigating a cryptocurrency investment scam that has defrauded at least 320 individuals in Andhra Pradesh of millions by promising unrealistic monthly returns of 10%, according to a report from the Deccan Chronicle. The scheme, allegedly orchestrated by a single individual named “Ramanjaneyulu”, has resulted in reported losses ...

Altcoins could be in for a challenging period ahead if historical patterns in market cycles are repeated, according to crypto analyst and ITC crypto founder Benjamin Cowen. Cowen shared in a recent post on X that a significant "altcoin reckoning" could be approaching as trading pairs between altcoins and Bitcoin ...

Pakistan is taking steps to legalise cryptocurrency as the government proposes amendments to the State Bank of Pakistan (SBP) Act, indicating a significant shift in its financial policy.  As reported by local news outlet The Express Tribune, these amendments would empower the SBP to issue digital currency and oversee the ...

Singapore regulators are set to enhance their tokenization initiatives in response to growing demand for tokenized assets in fixed-income, foreign exchange, and asset management markets.  In a November 4 announcement, the Monetary Authority of Singapore (MAS) outlined its plans to foster the commercialization of these assets by developing market infrastructure, ...

Paolo Ardoino, CEO of Tether, has dispelled rumours about the launch of an official "Tether Chain." In a recent post on X, he wrote, "Tether is not currently planning to create an official blockchain." I hear again few rumors about a Tether Chain. Tether is not planning to build an ...

Victory Securities, a Hong Kong-based crypto broker, has announced plans to launch structured products for professional investors by the end of the year. In a blog post published on November 4, 2024, the broker revealed that it had obtained regulatory approval from the Securities and Futures Commission, making it the ...

Rapper Wiz Khalifa's social media account on X  was reportedly hacked on November 3, resulting in now-deleted posts promoting a fraudulent cryptocurrency, “WIZ.”  The posts targeted Khalifa's 35.7 million followers, misleading them to believe it was an official project backed by Khalifa and a "team." The scheme briefly gained traction ...