News

Timely, comprehensive, professional, and accurate information and data to stay updated on the latest news about blockchain, cryptocurrency, and Bitcoin.

Bitcoin Spearheads Surge as Weekly NFT Sales Soar to Over $423 Million
In the previous week, the Bitcoin (BTC) network witnessed the highest number of non-fungible token (NFT) sales, with total transactions reaching an astounding $423,004,860.
Source: samuelokediji.medium.com
Over the past week, the NFT market has experienced a remarkable surge, with sales increasing by over 32% compared to the previous week. This signifies the third straight week of significant growth in NFT transactions. Leading the pack is Bitcoin, which accounted for $160.37 million in NFT sales, demonstrating an impressive 80.45% increase. Ethereum followed closely with $159.64 million in transactions, indicating a solid 14.41% rise in ETH-based NFT sales. Other notable blockchains like Solana, BNB Chain, and Mythos also witnessed significant growth in NFT sales during this period. Solana recorded approximately $65.129 million in weekly sales, while BNB Chain and Mythos concluded the week with $9.019 million and $7.7 million in sales, respectively. Bitcoin experienced the highest increase in wash trading among the chains, with $465k generated through this practice, representing nearly a 2600% surge from the previous week.
The most profitable NFT collections of the week were dominated by Bitcoin's Uncategorized Ordinals, amassing a notable $41,210,717 in sales, representing a significant 157.74% surge from the previous week. Following closely behind was the NodeMonkes collection, which generated $35,128,917 in transactions. These leading collections were followed by Pandora, Creepz, and NATCATS, completing the top five NFT collections in terms of sales volume. The rise in NFT sales witnessed notable individual transactions on different blockchains. In Bitcoin's blockchain, the NFT "Burgie" was sold for an impressive $1.44 million, whereas a Solana-based NFT named "Composable Restaking Position" was exchanged for $1.1 million.
Disclaimer: FameEX makes no representations on the accuracy or suitability of any official statements made by the exchange regarding the data in this area or any related financial advice.
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2024-03-04 11:52:30
FameEX Morning Crypto News Recap | March 4, 2024
UK law enforcement gains authority to freeze suspected criminal crypto assets without a conviction
The British government has declared that, effective April 26, UK law enforcement can now freeze crypto assets linked to criminal activities without requiring a conviction. This update, published on February 29, amends the Economic Crime and Corporate Transparency Act 2023, empowering agencies with broader authority to combat economic crimes involving cryptocurrencies.
Google's Stock Declines Amid Rising AI Competition Threat
This week, Alphabet, Google's parent company, saw its shares decline due to its leading AI product lagging behind competitors. Despite generating over $100 billion in cash last year and returning a record amount to shareholders, Google is at risk of being overshadowed by rivals potentially creating an AI-powered search engine capable of supplanting Google's dominant position.
Hungary Aims to Create Regulatory Framework for Digital Assets to Facilitate Cryptocurrency Services by Financial Institutions
Hungary has introduced a legislative proposal to set up a regulatory framework for digital assets, designating the Hungarian Central Bank as the primary regulator. This initiative aims to empower banks, investment funds, and asset managers to provide services related to Bitcoin and other cryptocurrencies, marking a significant step towards integrating digital currencies into the country's financial ecosystem.
SEC Evaluates Proposal for Ethereum Spot ETF
At the ETH Denver event, SEC Commissioner Hester Peirce revealed that the SEC is contemplating an Ethereum spot ETF, although there are no details to share yet. Peirce also criticized some SEC decisions as peculiar, noting that driving entities out of the U.S. limits the agency's regulatory oversight by pushing these entities out of its jurisdiction.
Court Approves SEC's Request for More Time in Ripple Lawsuit
On March 1, court filings revealed that the SEC received an extension for submitting its discovery materials concerning remedies in the Ripple case. This extension permits the SEC to file its opening brief by March 22. Ripple's deadline to submit its opposition brief is now April 22, while the SEC has until May 6, 2024, to file its reply, according to the new schedule.
Indonesia Considers Revising Double Taxation Policy on Cryptocurrency
Indonesia's Commodity Futures Trading Regulatory Agency (Bappebti) has approached the Ministry of Finance for a reassessment of cryptocurrency tax policies. Specifically, Bappebti is pushing for a review of the existing 0.1% tax on capital gains and 0.11% Value Added Tax (VAT) applied to cryptocurrency transactions, suggesting a possible revision of these tax rates to better suit the evolving digital currency landscape.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.
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2024-03-04 08:27:45
FameEX Hot Topics | Bitcoin Surpasses Ruble, Climbs into Top 15 Worldwide Currencies!
Bitcoin, the unstoppable force in the realm of financial markets, has achieved another landmark victory in its journey toward supremacy. This week, it outpaced the Russian ruble, ascending to the 14th position among the world's currencies based on market capitalization. This information, sourced from CoinMarketCap and disseminated by Watcher Guru, underscores Bitcoin's significant growth, propelled by a substantial influx of Spot ETF funds. This advancement not only cements Bitcoin's position in the cryptocurrency sphere but also marks its emergence as a serious contender against various global currencies.
Since its inception, Bitcoin has stood out as the leading digital currency, consistently captivating enthusiasts and investors alike. The optimism that enveloped it at the start of 2024 has been largely validated, with its value surging past the $62,000 mark, a peak last reached in 2021. This resurgence hints at a potential challenge to its all-time high of $68,990, raising anticipations of a new record.
Bitcoin's leap over the Russian ruble places it above several prominent currencies, including the Mexican peso, the Saudi riyal, the Thai baht, and the United Arab Emirates dirham. Yet, it faces stiff competition from other significant currencies like the Swiss franc, the Australian dollar, the New Taiwan dollar, and the Brazilian real, indicating that there are still hurdles to overcome.
The global community watches with bated breath, particularly as April approaches, bringing with it the much-anticipated Bitcoin halving event. This event is expected to drastically enhance Bitcoin's value, potentially driving its price to unprecedented levels. This milestone not only signifies a pivotal moment for Bitcoin but also for the cryptocurrency market at large, suggesting a future where Bitcoin could redefine its role and influence within the global financial ecosystem.
In summary, Bitcoin's ascension in the global currency rankings is a testament to its enduring appeal and the growing recognition of cryptocurrencies as viable components of the financial landscape. As Bitcoin continues to break barriers and challenge traditional monetary systems, its journey is closely monitored by investors and enthusiasts worldwide, eager to witness the unfolding of this digital currency's potential.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.
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2024-03-01 12:01:00
BlackRock Brazil is Set To Introduce a Depositary Receipts Fund Mirroring a US BTC ETF
The Brazilian ETF is scheduled to debut on March 1st on the B3 platform. Currently, there are already 13 Brazilian ETFs with exposure to cryptocurrencies.
Source:tr.cryptonews.com
BlackRock's iShares spot Bitcoin exchange-traded fund will now be accessible in Brazil through the introduction of a new BTC BDR (Brazilian Depositary Receipts) ETF. Trading is slated to commence on March 1st, as announced by the world's largest asset manager on February 29th. BlackRock is collaborating with Brazilian financial market infrastructure provider B3 to bring forth this new product, disclosed BlackRock Brazil president Karina Saade at the company's headquarters in São Paulo.
BDRs of foreign ETFs represent securities issued within Brazil and are backed by shares of ETFs issued abroad. Therefore, the Brazilian ETF essentially mirrors the BTC ETF launched by BlackRock in the United States in January. It tracks the performance of the U.S. ETF and comes with an administrative fee of 0.25%, which is mitigated by a one-year exemption on the first $5 billion of assets under management (AUM). BDRs are subject to full taxation.
The Brazilian fund will be accessible to investors with a minimum of 1 million reals ($201,000) already invested in the market. BlackRock Brazil is awaiting approval for retail sales. Thirteen ETFs with crypto exposure are listed on B3, introduced in 2021. Their total value amounts to 2.5 billion reals ($503 million). Thus far this year, Brazilian crypto ETFs have recorded a trade volume of 30 million reals ($5 million).
The BlackRock spot BTC ETF was among the ten approved by the United States Securities and Exchange Commission on January 10th. Within two weeks, the fund amassed $2 billion in assets under management (AUM), equalling the largest debut month in the history of ETFs alongside Fidelity's spot BTC fund. Currently, the BlackRock ETF boasts over $8 billion in AUM. As per various media sources, BlackRock will contemplate launching a spot Ether ETF in Brazil contingent upon receiving SEC approval to do so in the United States.
Disclaimer: FameEX makes no representations on the accuracy or suitability of any official statements made by the exchange regarding the data in this area or any related financial advice.
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2024-03-01 10:27:10
FameEX Biweekly | Ride the Crypto Wave And Dive into FameEX for Emerging Crypto! (Issue 1, February 2024)
Catch up the highlights from February 1 to February 29, 2024. In the past month, the cryptocurrency market has seen a comprehensive recovery. To embrace the upcoming wave of new cryptocurrencies, FameEX has selected the top-tier tokens for global users, aiming to create more investment opportunities under low-risk trading conditions. At the same time, FameEX has prepared heavyweight events such as token airdrops and reward programs. For more details, check out this issue of FameEX Biweekly and embark on a new era of earning coins with FameEX!
OpenAI, the San Francisco-based artificial intelligence company, has seen its valuation soar to $80 billion or more following a recent deal, a substantial increase from its valuation less than 10 months ago.
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Nvidia has recently made headlines by becoming the most-traded stock on Wall Street in the United States, surpassing the trading volumes of Elon Musk’s Tesla over the past 30 trading sessions. This noteworthy development highlights Nvidia’s substantial growth and its influential role in the technology sector, especially within the artificial intelligence (AI) domain.
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Vitalik Buterin, one of the co-founders of Ethereum, recently expressed his optimism regarding the AI potential in identifying and addressing vulnerabilities within Ethereum’s codebase.
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According to Barnabas Busa, an Ethereum Foundation Development Operations Engineer, the shadow fork will trigger the next phase of the upgrade process. Upon successful evaluation, official announcements will be made through Ethereum Foundation (EF) blog posts, detailing the mainnet activation date for the Dencun upgrade, currently slated for March 13. It marks another significant milestone in Ethereum’s ongoing evolution.
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Kiyosaki’s advocacy for Bitcoin, gold, and silver is rooted in his belief that these assets can protect against what he views as theft by the Federal Reserve (Fed), the Biden administration, and Wall Street bankers. With his prediction that Bitcoin could reach $150,000, he highlights the significance of the upcoming Bitcoin halving, urging investors to remain vigilant and consider these assets as critical tools for financial safety in turbulent times.
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Scott Melker, renowned as the “Wolf Of All Streets”, has shared his insights on why the upcoming Bitcoin halving event could propel the cryptocurrency’s price to $240,000. In a recent article in the Wall Street Journal, he explained the reasoning behind this prediction.
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The Fed Chairman Jerome Powell, in a revealing February 4 interview, has issued a stark warning that the United States is navigating an “unsustainable fiscal path”, with the nation’s debt expanding at a pace that eclipses economic growth. He emphasized the urgency for U.S. policymakers to engage in serious discussions aimed at curbing the escalating debt levels. He pointed out that the trajectory of U.S. fiscal policy, characterized by a widening gap between debt accumulation and economic expansion, signals a troubling future.
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1. Deposit to Share the $38,000 Prize Pool. FameEX launched the “February Delights at FameEX: Join to Share a $38,000 Prize Pool Event” from February 2, 2024 to February 8, 2024. Everyone can participate through sign-in, deposit, futures trading, etc. A total of 10,568 users signed up for the event, and all rewards for the winners have been distributed.
View Winning Announcement
2. New ListingBIBI Token Airdrop Event. During the period from February 2, 2024, to February 8, 2024, in celebration of the launch of the BIBI token and as a gesture of gratitude to platform users, FameEX launched the “FameEX New Listing BIBI Coin (BIBI): Join to Share 14,000 USDT” event. A total of 8,568 users participated in the event, and all rewards for the winners have been distributed.
View Winning Announcement
3. FameEX Global Affiliate Upgrade. On February 20, 2024, the FameEX Global Affiliate Program underwent a comprehensive upgrade. This upgrade included adjustments to default commission rates, modifications to the affiliate assessment mechanism and criteria, as well as supplementary explanations of other rules. The following is the specific announcement for this event.
View Announcement
4. FameEX Trading Gala Event. The FameEX platform launched the “Join the FameEX Trading Gala to Win 66,000 USDT in Prize Pool” event during the period from February 25 to March 2, 2024. Everyone can participate through deposit tasks, spot trading, and futures trading, and share corresponding rewards. The following is the platform's event announcement.
View Announcement
Six new tokens were listed on the FameEX platform during the period.
◆ BIBI (BIBI): BIBI/USDT was listed in the spot trading zone on February 5, 2024.
◆ Altlayer (ALT): ALT/USDT was listed in the spot trading zone on February 6, 2024.
◆ Ondo (ONDO): ONDO/USDT was listed in the spot trading zone on February 6, 2024.
◆ Manta Network (MANTA)：MANTA/USDT was listed in the spot trading zone on February 7, 2024.
◆ Jupiter (JUP)：JUP/USDT was listed in the spot trading zone on February 7, 2024.
◆ Xpet Tech (XPET)：XPET/USDT was listed in the spot trading zone on February 8, 2024.
◆ The FameEX platform ranked 51 on CoinMarketCap on February 29, with a 24-hour trading volume of $903,126,830, average liquidity of 585, and an average weekly visit count of 581,113 . (Data source: CoinMarketCap)
◆ As of February 29, the total assets in the risk reserve wallet amount to5,243,239 USDT. It is updated daily and can be viewedHERE in real-time.
1. APP Function Updates and Optimization. On February 21, the Android version and iOS enterprise package of FameEX have officially gone live, with the following main updates:
◆ Adjusted the functional structure, interaction, and style of the APP homepage.
◆ Optimized the style of the login and registration on the APP and adjusted the style and process of facial/fingerprint/gesture login.
◆ Enhanced the article loading experience on the APP.
◆ Added detailed rules for the Referral & Affiliate function and an entry for senior affiliate applications.
Project Research
FameEX Research Institute released the latest reports:Black Phoenix (BPX), Port3 Network (PORT3),Troll (TROLL),Vechain (VET), andPUTinCoin (PUT).
1. X (formerly Twitter): 100.9K Followers. Link: https://twitter.com/FameexGlobal
2. Chinese X:8.78K Followers. Link: https://twitter.com/FameEXzh
3. YouTube:1,740 Subscribers. Link:https://www.youtube.com/c/FAMEEX
4. Telegram (Global):147,412 Members. Link:https://t.me/fameexgroup
5. Discord:7,420 Members. Link: https://discord.gg/V8yvKPxVCk
Thanks for reading this report of FameEX Biweekly. Stay engaged with our official social media, and your voice matters to us!
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2024-03-01 12:01:15
FameEX Morning Crypto News Recap | March 1, 2024
Grayscale Urges SEC to Greenlight Trading Options for Bitcoin Spot ETF
Grayscale Investments, a leading cryptocurrency asset manager, is pushing the US Securities and Exchange Commission (SEC) to authorize options trading for its Bitcoin ETF. Approval would pave the way for attracting a broader spectrum of investors to the cryptocurrency market.
SEC Allegedly Investigates OpenAI for Possibly Misleading Investors, Examining Internal Documents
The Securities and Exchange Commission (SEC) has launched an investigation into OpenAI, exploring the possibility that the company misled its investors. This inquiry was initiated following the temporary removal of CEO Sam Altman last year, with the SEC now subpoenaing internal documents from both current and former executives and board members of OpenAI.
Microsoft Introduces 'Copilot for Finance' Powered by AI
On February 29, Microsoft introduced "Copilot for Finance" through a public preview, marking its venture into virtual AI assistants. This AI-driven service is part of the Microsoft 365 suite, designed to offer generative AI and automation enhancements for both new and pre-existing workflows, thereby optimizing productivity tools with advanced artificial intelligence capabilities.
Bank of America Merrill Lynch and Wells Fargo Start Providing Clients with Spot Bitcoin ETF Options
Bank of America Merrill Lynch and the wealth management division of Wells Fargo have reportedly started to provide select clients with access to spot bitcoin ETFs. This move places them among other investment platforms like Fidelity, Charles Schwab, Robinhood Markets, and UBS, which also offer access to spot bitcoin ETFs to certain clients.
Election Worries Pause Relaxation of Crypto and ETF Regulations in South Korea
South Korea has postponed its plans to ease crypto regulations and lift the ban on spot bitcoin exchange-traded funds (ETFs). This decision comes amid deliberations by the People Power Party to potentially lift these restrictions before the upcoming general election in South Korea, leading to a delay in regulatory changes initially proposed by the government.
Ex-IMF Economist Sounds Alarm on US Debt
A former International Monetary Fund (IMF) economist raises concerns regarding the escalating US debt levels. Meanwhile, the head of the Atlanta Federal Reserve suggests the likelihood of potential interest rate cuts. These contrasting signals reflect apprehensions about the economic outlook, with one emphasizing fiscal challenges and the other hinting at monetary policy adjustments to navigate them.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.
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2024-03-01 09:32:15
FameEX Weekly Market Trend | February 29, 2024
From Feb. 26 to Feb. 28, the BTC price swung from $50,939.60 to $64,000.00, with a volatility of 25.64%. The prior analysis report mentioned: BTC broke $50,000 on Feb. 13, no pullback since. Bulls showed strong support near $50,500 (noticed from volume and quick price recovery at $50,500), which is very similar to the market situation after breaking through $40,000. On the 26th, at 10:00 PM (UTC+8), BTC’s upward trend started, soaring all the way. Investors who are still in a cash position at this time should not enter the market rashly. All moving averages are far from the current price with a high candlestick slope, risking a stampede. A prudent approach is to wait for BTC to retreat to $58,000 before entering the market. Currently, the uptrend of BTC remains strong, adopting a step-by-step upward pattern with volume (a trend that only appears when the bulls are strong, minimal pullbacks during ascent). Hence, hodlers can still hold and wait for further rise, following the trend.
Source: BTCUSDT | Binance Spot
From Feb. 26 to Feb. 28, the price of ETH/BTC fluctuated between 0.05473 and 0.06014, a 9.88% range. The previous report stated that if the daily closing price remains above 0.06000, a third increment in ETH/BTC can be considered the next day. In recent days, ETH/BTC approached the 0.06000 mark, but the daily closing price didn’t stabilize, resulting in a rebound after hitting highs and missing the opportunity for further increments. The decline in ETH/BTC this time is due to BTC’s excessive strength, rather than any inherent issue with ETH/BTC. It’s believed that ETH/BTC will recover in the coming days. Those who have already incremented twice need not panic; holding is advised. Cash investors can consider incrementing near 0.05450.
Source: ETHBTC | Binance Spot
Based on overall analysis, currently, BTC has broken out of its range-bound pattern and entered a unilateral uptrend. As mentioned earlier, altcoins are expected to take turns surging, so positioning quality but dormant altcoins before BTC’s direction is crucial. In recent days, MEME coins like PEPE, MEME, and DOGE, and tokens in the metaverse sector like ORDI and SATS, have all surged one after another, with significant gains. With BTC surpassing the $60,000 mark, accompanying risks emerge. Investors entering the market must strictly set stop-loss and take-profit orders to prioritize capital protection. At present, overall market funds continue to see significant net inflows daily, and BTC’s upward momentum remains steady. Therefore, it’s not advisable to be overly bearish now; the overall trend is bullish. It’s essential to maintain a mentality of holding for further rises. Investors who haven’t entered the market should also refrain from shorting blindly and instead wait for pullbacks, focusing on buying low.
In general, the 7-day cumulative funding rates for the popular coins across major exchanges are positive, indicating that long leverages are relatively high.
Source: coinsoto
In the recent period, there has been a marked rise in BTC contract open interest, contrasted with a slight dip in ETH.
Exchange BTC Contract Open Interest:
Source: coinsoto
Exchange ETH Contract Open Interest:
Source: coinsoto
1) On February 26, FSB stated that cryptocurrencies, tokenization, and artificial intelligence are priority areas for monitoring.
2) On February 26, the probability of the Fed keeping rates unchanged in March is 97.5%.
3) On February 26, this week will see token unlocks for DYDX, OP, PRIME, among others.
4) On February 27, the stablecoin market cap reached $140 billion for the first time since late 2022.
5) On February 27, BlackRock’s Bitcoin ETF surpassed $1 billion in daily trading volume, ranking first among all ETFs.
6) On February 27, Grayscale’s GBTC circulating shares fell below 500 million.
7) On February 28, Hong Kong SFC announced that virtual asset trading platforms must submit license applications by February 29 or cease operations in Hong Kong by May 31.
8) On February 28, a total cryptocurrency market cap surpassed $2.3 trillion.
9) On February 28, Bitcoin reached all-time highs against multiple fiat currencies.
10) On February 28, according to the Hong Kong Financial Secretary, phase one of the currency bridge project is expected to launch this year.
Disclaimer: FameEX makes no representations on the accuracy or suitability of any official statements made by the exchange regarding the data in this area or any related financial advice.
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2024-03-04 02:37:55
FameEX Hot Topics | El Salvador to Retain Its Bitcoin Holdings, President Bukele Affirms '1 BTC Will Always Equal 1 BTC'
Nayib Bukele, the President of El Salvador, recently reiterated his nation's stance on not selling its Bitcoin holdings, asserting the value of Bitcoin with the phrase, "At the end 1 BTC = 1 BTC." This statement comes amidst a significant increase in Bitcoin's market price, which, according to Bukele, could yield a profit of over 40% if sold. However, El Salvador, which made Bitcoin legal tender in September 2021, alongside the U.S. dollar, plans to hold onto its investment.
Bukele highlighted the contrast between the criticism El Salvador faced when Bitcoin's price was low and the current silence from critics now that the price has surged. He underscored the lack of commentary from those who previously claimed El Salvador suffered losses from its Bitcoin investment. Bukele's administration, which has acquired Bitcoin primarily through its citizenship program offering, firmly believes in the enduring value of Bitcoin, irrespective of market fluctuations.
The President's resolve in Bitcoin has garnered praise from various quarters. However, critics like Peter Schiff remain skeptical, suggesting that profits are only real once realized through sales, to which Bukele sharply responded, indicating his indifference to such criticisms.
Furthermore, under Bukele's leadership, which has been renewed following his reelection, El Salvador continues to embrace Bitcoin as legal tender. The government is also planning to launch Bitcoin-backed bonds in early 2024 and proceed with the development of Bitcoin City, a proposed tax-free zone aimed at crypto investors. This ambitious project includes offering citizenship to those who invest a significant amount in cryptocurrency.
Despite the International Monetary Fund's (IMF) repeated advisories against the country's adoption of Bitcoin as legal tender, citing potential risks and costs, El Salvador remains steadfast in its commitment to Bitcoin. The IMF has issued several warnings since November 2021, with a detailed report in February 2023 reinforcing their concerns. Yet, El Salvador's determination to integrate Bitcoin into its financial system and economy remains unshaken, illustrating the country's pioneering role in the global cryptocurrency landscape.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.
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2024-02-29 10:57:10
Bulls on SingularityNET Aim For $2, and Scotty AI Raises More Than $800K in Presale
According to an analyst, SingularityNET's recent performance suggests a breakout on higher time frames, potentially propelling AGIX towards $2 in the upcoming months.
Source: coinchapter.com
Simultaneously, traders show bullish sentiment towards Scotty the AI, with its presale surpassing $800K. Could this emerging trend indicate the next AI coin is poised for significant growth?
On February 19, Analyst ParabolicP presented a trade thesis, suggesting that SingularityNET might surge towards $2. At the time, AGIX was priced at $0.46, significantly below the trader's optimistic target. Initially, it hadn't exhibited notable momentum compared to the broader crypto market. However, amidst the recent crypto-AI boom, the scenario underwent a significant shift. SingularityNET spiked to highs of $0.84 on Feb. 23, breaking above the previous weekly time frame resistance to forge a cup and handle dreams.
A cup and handle is a chart pattern resembling a cup, indicating a consolidation phase before a bullish continuation. It often precedes a significant upward move following a breakout. After the recent increase, AGIX has retraced to $0.68, which coincides with the resistance level of the cup and handle pattern. A rebound from this level would be considered bullish, as it would signify a retest of the previous resistance, potentially turning it into support. Another market analyst, Finsends, also expects a bounce from the current level of AGIX, indicating a potential move towards $0.95 in the near-to-mid term. Subsequently, the analyst predicts that AGIX will experience a pullback, retesting the $0.90 level before resuming its upward momentum towards $1.05.
Disclaimer: FameEX makes no representations on the accuracy or suitability of any official statements made by the exchange regarding the data in this area or any related financial advice.
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2024-02-29 08:07:26
FameEX Morning Crypto News Recap | February 29, 2024
Hong Kong's Financial Secretary Announces Expansion of Digital RMB Pilot Program
The Hong Kong SAR government, under Financial Secretary Paul Chan Mo-po, has unveiled a new budget plan incorporating the expansion of the "digital renminbi" pilot program. This expansion will enable Hong Kong citizens to effortlessly open and utilize digital renminbi wallets, enhancing the efficiency and user experience of cross-border payments via "Transfers Express".
Dubai's Global Blockchain Summit: Convening Leading Experts in Blockchain and Web3
VAP Group is set to organize the premier blockchain event, Global Blockchain Show Dubai, at the Grand Hyatt Dubai from April 16-17, 2024. This key event will attract over 7000 participants, featuring 300 speakers, 120 sponsors, and representation from 3000 companies, highlighting its status as a leading gathering for Web3 and crypto innovation enthusiasts.
BlackRock-Led Bitcoin ETFs Set New Volume Record Amid Volatile Crypto Market Movements
BlackRock's bitcoin ETF (IBIT) surpassed its volume record for the third day in a row, trading over 96 million shares valued at approximately $3.3 billion, according to Nasdaq. This volume significantly exceeds the previous all-time high of $1.35 billion on Tuesday, which itself had eclipsed Monday's record of $1.3 billion.
Third Biggest Bitcoin Wallet Adds 4,809 BTC to Its Holdings
On-chain data reveals that the third-largest Bitcoin holding address added 4,809 BTC to its portfolio today, valued at about US$293 million. This marks the address's first accumulation since January 5. Now holding 131,945.15 BTC, worth an estimated US$8.135 billion, the address's unrealized profit stands at US$4.283 billion.
Morgan Stanley Evaluates Integration of Bitcoin Spot ETF into Its Brokerage Services
Morgan Stanley is assessing the potential addition of a Bitcoin spot ETF to its brokerage offerings, following the U.S. SEC's approval of Bitcoin spot ETFs in January. The firm is considering this move to provide clients with Bitcoin spot ETF options. Presently, there are 10 Bitcoin spot ETFs available in the U.S., with Grayscale’s GBTC, BlackRock’s IBIT, and Fidelity’s FBTC being the most significant.
IRS Recruits Two Specialists from Private Sector for Cryptocurrency Taxation Assistance
The IRS has brought on board two experts from the private sector, Sulolit Raj Mukherjee, J.D., and Seth Wilks, CPA, as executive consultants to bolster its cryptocurrency tax initiatives. These professionals are tasked with aiding the development of focused programs on digital assets, encompassing servicing, reporting, compliance, and enforcement.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.
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2024-02-29 07:45:41