Author name: Peter

Hong Kong Considers Allowing Trading of Spot Crypto ETFs

Hong Kong Open to Allowing Trade of Spot Crypto ETFs Hong Kong is currently exploring the possibility of permitting the trading of spot cryptocurrency-based exchange-traded funds (ETFs), provided that the associated risks are effectively managed. Julia Leung, the CEO of the Hong Kong Securities and Exchange Commission, recently revealed in an interview that the organization's […]

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Ethereum Technical Analysis: ETH Hangs Above $2K Range Amid 3% Drop

Ethereum's Market Position on Monday Similar to bitcoin's price, the second leading digital currency in terms of market cap, ethereum, is down on Monday, losing 3% against the U.S. dollar. Oscillating within a 24-hour range of $2,017 to $2,088, ethereum maintains a market capitalization of $243 billion. Current technical indicators offer a nuanced perspective on

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Economist Steve Hanke: US Dollar Weaponization Drives Central Bank Gold Purchases

In a recent interview, Steve Hanke, a professor of applied economics at Johns Hopkins University, discussed how the weaponization of fiat currencies, particularly the US dollar, has led to a surge in central bank gold purchases. Hanke explained that countries in "de-dollarization mode" are seeking refuge in gold as a result of US policies. Understanding

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Cardano’s Charles Hoskinson Clashes With Blockstream’s Adam Back Over Crypto Security Classification

Charles Hoskinson Expresses Frustration Over Cardano's Security Classification Charles Hoskinson, co-founder of Input Output Global (IOHK) and the Cardano blockchain initiative, recently expressed his frustration in a video over the U.S. regulator's decision to categorize the cryptocurrency cardano as a security. He finds it perplexing and critical that bitcoin is exempt from being tagged as

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Bitcoin Mining’s Role in Promoting Clean Energy Initiatives

Introduction A recently published working paper, authored by industry experts, highlights the critical influence of bitcoin mining on worldwide clean energy efforts and the stabilization of electricity grids. This paper explores the utility of mining as a flexible instrument for large-scale demand response in industries and the harnessing of unused energy resources. Unveiling the Working

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US Stock Market Unchanged as Fed Governor’s Remarks Signal Potential Shift

On Wednesday, major U.S. indices concluded the day unchanged after a previous day's rise. This surge was influenced by the dovish remarks made by Federal Reserve Governor Christopher Waller on Tuesday. Market observers infer that Waller's comments indicate a potential shift in the stance of the U.S. central bank, which is a notable deviation given

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Bitcoin Technical Analysis: BTC Bulls Aim to Break Upper Resistance

Bitcoin's Price Analysis The price of bitcoin is currently hovering just above the $38K range after a bullish trading day on Tuesday. This surge in price follows U.S. Federal Reserve Governor Chris Waller's dovish speech. Bitcoin's 24-hour range has been between $37,156 to $38,450, and it currently boasts a market capitalization of approximately $745 billion.

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AI-Focused Cryptocurrency Sector Sees $2 Billion Surge in Less Than 2 Weeks

AI Crypto Economy Rebounds Strongly The AI-focused cryptocurrency sector has experienced a significant surge in value, growing by nearly $2 billion in just under two weeks. This growth has been largely driven by the token bittensor (TAO), which has seen an impressive 86.5% increase in the last fortnight. In the past month, the top six

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