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28. April 2024
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Tag: BTC

Retail Asia12/01/2024
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Finance

SEC Authorizes Spot Bitcoin ETFs

2min0
The Securities and Exchange Commission has delivered a landmark approval of spot Bitcoin exchange-traded funds. This is a highly anticipated event that is expected to further crypto’s entry into mainstream finance. The US Securities and Exchange Commission (SEC) has approved 11 applications for spot Bitcoin exchange-traded funds (ETF), including those from BlackRock, Ark Investments, Fidelity, Invesco and more. Since 2004, this […]
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Retail Asia26/01/2023
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Finance

Bitcoin Suisse Cuts Staff and Revamps Management

3min0
A refocus on the core business results in a management reshuffling at the crypto finance service provider. There are also two departures to report. Bitcoin Suisse is changing its management structure in three areas. Sven Ramspott takes over as chief financial officer (CFO), adding to his current risk officer responsibilities. Pierre-Alain Krohn takes over as head of compliance, and Michael […]
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Retail Asia28/12/2022
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Finance

Crypto is Dead. Long Live Crypto in 2023

8min0
The crypto industry is facing a very difficult 2023. In the longer term, however, there is no reason why it should not rise from the dead again, as it has in the past. Skeptics have long suspected it, and now they see themselves vindicated by the fiasco surrounding the now-bankrupt crypto exchange FTX in which […]
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Retail Asia27/06/2022
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Finance

Vietnamese buy Bitcoin in hope it has bottomed

6min1
Many investors are buying Bitcoin after the cryptocurrency’s price fell to US$20,000, its lowest level since December 2020. Thanh Binh of HCMC says he turned off notifications on his crypto trading app after buying it at $38,000 and losing over VND40 million ($1,720). But he has returned and bought a 10th of a token after […]
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Retail Asia24/05/2022
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Research

Cryptominers unplug rigs as bottom falls out of market

3min0
Cryptominers are powering down operations, even selling equipment, as cryptocurrency prices continue to plummet. Nguyen Binh, a cryptominer in the southern Dong Nai Province, said his rigs can mine almost one Ethereum (around $2,000) a month, but hardly breaks even. “Electricity bills have taken away half of what I earned. With depreciation and operation and […]
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Retail Asia17/05/2022
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Finance

Securing Digital Assets Gets Physical

7min0
As bad as losing money in the current market for cryptocurrencies might be, losing them altogether would be even worse. By some estimates, some 20 percent of all bitcoin has been lost for various reasons, including theft, forgotten passwords, or wiping out a hard drive, leading to a loss in value of well over $100 billion. […]
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Retail Asia04/02/2022
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Finance

Technical Standards To Simplify Digital Payments

1min0
The Swiss Bitcoin Association recommends the first technical standards for simplified payment verification (SPV) using digital currencies, eliminating the need to download entire the blockchain for transactions. Switzerland’s Bitcoin SV Technical Standards Committee today recommended its first digital currency standard for simplified payment verification (SPV), enabling transactions to occur without having to download the entire blockchain. This standardized […]
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Retail Asia24/11/2021
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Finance

Australian Regulator Warns of Lacking Crypto Protection

1min2
The Australian Securities and Investments Commission cautioned investors about cryptocurrency risks, noting that they are «on their own» for the time being as efforts are underway to develop regulations. Consumers should approach investing in crypto with great caution, said ASIC chair Joe Longo at the recent Australian Financial Review Conference. At present many crypto-assets are probably […]
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Retail Asia06/07/2021
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Finance

ZA Adds Digital Asset Capabilities

1min0
ZA International has established a partnership with BC Technology Group which operates the city’s only licensed digital asset platform. ZA International and BC Technology Group have entered into a mutual collaboration agreement, according to a statement. ZA will use BC Technology Group as its exclusive digital asset trading partner via its Hong Kong-licensed digital asset […]
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Retail Asia01/07/2021
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Finance

Vietnam to trial virtual currency

1min0
The Vietnamese government has ordered its central bank to study virtual money using blockchain technology over three years amid rising interests in this type of currency. The State Bank of Vietnam will be in charge of studying and trialing the use of virtual money from this year until 2023 as part of key objects in […]
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Retail Asia24/05/2021
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Finance

Beijing’s Crypto Crackdown Sends Mining Abroad

2min0
Cryptocurrency miners in China are shifting their operations to other markets abroad following Beijing’s latest crackdown. A committee from China’s State Council announced on Friday that it would crack down on crypto, specifically naming Bitcoin as a major concern. The government will crackdown on bitcoin mining and trading behavior, and resolutely prevent the transfer of […]
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Retail Asia24/05/2021
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Finance

Hong Kong to Bar Retail Access to Cryptocurrencies

2min0
The Hong Kong government is seeking to restrict cryptocurrency access to wealthier investors amid an ongoing global crackdown by regulators. Cryptocurrency exchanges operating in Hong Kong will have to licensed by the Securities and Futures Commission (SFC) and limit access to professional investors – defined as individuals with a portfolio of HK$8 million ($1.03 million) […]
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Retail Asia19/05/2021
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Finance

Saxo Launches Crypto FX Trading in Singapore

2min0
Saxo Markets customers in Singapore will be able to trade in major cryptocurrencies as FX spot pairs. The online trading and investment platform’s new cryptocurrency offering enables customers to trade bitcoin, ethereum and litecoin against EUR, USD, and JPY from a single margin account, Saxo announced in a statement on Wednesday. Clients can trade and hedge both long and […]
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Retail Asia21/04/2021
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Finance

HSBC Adds Coinbase to Crypto Ban List

3min0
Despite the growing embrace of cryptocurrencies among institutions and retail investors, HSBC is sticking to its policy of avoiding virtual currencies and stocks correlated to them. Europe’s largest bank in Europe, with total assets of $2.715 trillion, is likely to avoid Coinbase’s newly listed COIN stock because of lingering worries about crypto’s role in money laundering […]
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