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Industry experts believe Hong Kong’s shifting attitude towards blockchain technology, cryptocurrencies and Web3 could entice businesses away from the United States.The city has made a series of moves over the past year to foster the development of the Web3 space and enable retail investment into cryptocurrencies. The latest example of
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The HKVAC index, unveiled by the Hong Kong Virtual Assets Consortium (HKVAC), adds XRP, SHIB and ADA to its list of recognized cryptocurrencies. This newly introduced index, which assesses 30 prominent digital assets, places significant emphasis on
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A crypto trading bot programmed to perform arbitrage trades made various complex moves within the Ethereum blockchain — including taking a $200 million flash loan — to secure a mere $3.24 profit. On June 14, blockchain analysis firm Arkham Intelligence shared a breakdown of the bot’s movements. According to the firm,
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Bitcoin (BTC) may be in line for a 60% upside if a long-term chart feature stays intact.In part of his latest analysis on June 8, popular trader Mikybull Crypto flagged encouraging signs on the BTC/USD weekly chart.Weekly Bitcoin price chart keeps $40,000 on the tableWith Bitcoin still wedged in a
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"More miners in the [demand-response] program means more load can be reliably called on to help balance the grid," said Dennis Porter, who leads another industry advocacy group, Satoshi Action Fund. "We are increasing communication with the PUC and ERCOT which will improve transparency and publicly available data on mining
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Tesla is already constructing a mega factory in Shanghai to ramp up energy storage for its current and upcoming models including the Cybertruck. Tesla Inc (NASDAQ: TSLA) shares spiked on Tuesday to close the day trading at $201.16, up 4.14 percent from the day’s opening price. As a result, Tesla stock
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“Adversary nations” like China could ultimately benefit from restrictive crypto policies in the United States, warns Coinbase CEO Brian Armstrong. In a May 30 op-ed for MarketWatch, Armstrong again warned that while recent turbulence in crypto markets might tempt U.S. policymakers “to write it off as an unstable asset class,” doing
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As Gap increased layoffs during the first quarter, online sales declined 9 percent YoY but accounted for about 37% of net sales. After starting the year with a bearish sentiment, Gap Inc (NYSE: GPS) – an American apparel company – saw its shares rise approximately 14 percent during Thursday’s after-market hours
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A potential swap deal for Vinnik is increasingly looking to have a high probability. Alexander Vinnik, the Russian co-founder of the crypto exchange BTC-e, may have just had his hopes of regaining freedom renewed. Vinnik is currently facing money laundering charges in the US and has since last September been
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