Kategorie: Crypto News

Daily crypto headlines and news about bitcoin, ether, ripple, solana, altcoins, nft, market, business, analysis, nft, metaverse, minting and mining.
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HSBC to offer Bitcoin and Ethereum ETFs in Hong Kong

  • HSBC will offer access to three ETFs listed on the Hong Kong Stock Exchange, including CSOP Bitcoin Futures ETF and CSOP Ethereum Futures ETF.
  • The banking behemoth also launched a new service dubbed Virtual Asset Investor Education Center that offers educational and risk disclosure materials for customers.
  • Customers will have to confirm the guidelines before they are allowed to trade the listed ETFs.

HSBC, the largest bank in Hong Kong, is offering cryptocurrency exchange traded funds (ETFs) to its clients, reports say.

Specifically, HSBC is allowing its customers to trade Bitcoin and Ethereum ETFs listed on the Hong Kong Stock Exchange. The banking behemoth is now the first bank to offer clients access to crypto ETFs in Hong Kong, crypto journalist Colin Wu tweeted early Monday.

HSBC will use the new offering to extend its users’ exposure to the crypto sector, a move that could see Bitcoin and Ethereum ETFs be available to over millions of people using the bank’s mobile app.

Currently, Hong Kong lists three cryptocurrency ETFs: the CSOP Bitcoin Futures ETF, the CSOP Ethereum Futures ETF, and the Samsung Bitcoin Futures Active ETF.

HSBC also reportedly launched a Virtual Asset Investor Education Centre, which provides access to educational materials and risk disclosures. Investors looking to buy and sell the listed ETFs will need to confirm they have read and understood the details before HSBC allows them to invest in any crypto-related products.

These products will be available via HSBC Hong Kong’s Easy Invest app, Mobile banking app and online.

Crypto ETFs news buoy BTC, altcoins

Today’s HSBC news follows recent reports that noted the Hong Kong Monetary Authority has asked major banks to offer financial services to crypto exchanges. This came after the Hong Kong securities watchdog allowed exchanges to begin offering crypto trading services to retail investors.

At the same time, the crypto ETFs space received a major boost when $9 trillion asset manager BlackRock filed for its first spot Bitcoin ETF from the US Securities and Exchange Commission (SEC).

Many other companies, including WisdomTree and Invesco have since followed suit. In the process, Bitcoin price rallied to a new year-to-date high above $31k as sentiment flipped bullish. Ethereum also traded higher, coming close to $1,930 last week.

The post HSBC to offer Bitcoin and Ethereum ETFs in Hong Kong appeared first on CoinJournal.

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Closed beta version of Neon EVM launches on Solana’s Mainnet

  • Neon EVM is a low-friction solution that enables Ethereum dApps to settle transactions on Solana.
  • The EVM helps breach the gap between Ethereum and Solana.
  • Since the Neon EVM beta is closed it will only accept transactions for those on the guest list.

Neon Labs, an Ethereum virtual machine on Solana that enables dApp developers to use Ethereum tooling to scale and get access to liquidity, has announced that it has launched a closed Neon EVM beta version, Neon EVMβ, on Solana’s mainnet. The launch is a significant milestone for the Neon EVM roadmap.

The Neon EVMβ is a fully-functioning Neon EVM that supports fee-free transactions. 

All Neon EVM transactions are settled to Solana’s L1 and require payment in SOL, the native token of Solana, just like any other Solana transaction. However, in the just-launched beta version, the NEON token is not requested by the Proxy Operator responsible for accepting the transaction request and ensuring that it is finalized.

What is Neon EVM?

Neon EVM is a low-friction solution that enables Ethereum dApps to settle transactions on Solana, eliminating the gap between these two leading blockchains. It allows Ethereum developers to enjoy the best of Solana’s network, from low fees to high transaction speeds, and parallel transaction execution capabilities. 

The Neon EVM solves Solana’s incompatibility with EVM which made EVM multichain dApp developers avoid the chain, which is otherwise known for being one of the fastest and organically-growing chains. It aims at making Solana a viable option for multichain builders.

Why a closed beta Neon EVM?

The Neon EVM ecosystem includes many more players than just the Neon EVM and the Proxy Operators that accept and settle transaction requests. It includes DAO, oracles, indexers, wallets, multisigs, bridges, explorers, and more. 

Neon EVMβ provides an opportunity for all parties to deploy and test to ensure the seamless integration of their services before the official Solana Mainnet launch.

Launching in closed beta allows the Neon EVM team to onboard and test the services of ecosystem players in controlled phases. It will only allow those who are on the guest list to test transactions.

The first phase onboards the infrastructure components, and the second phase accepts dApps and will test the connection of wallets.

Operating in closed beta also controls the budget by keeping the activity limited to an invite-only list. Remember, while the Proxy Operator is not charging a fee, the Solana network still does. It simply is not possible to provide an open beta and predict the cost in SOL for such an initiative.

The post Closed beta version of Neon EVM launches on Solana’s Mainnet appeared first on CoinJournal.

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DWF Labs vote of confidence to the WavesDAO project sends WAVES price up 91%

  • WavesDAO is a For-Profit DAO on the Power Protocol platform aimed to support the development of Waves Blockchain-based projects.
  • Market maker DWF Labs has committed 500K WAVES to the WavesDAO project.
  • The WavesDAO is seeking to channel a third of Waves miners’ rewards into the Waves DAO during the initiation period.

WAVES price has hit a daily high of $2.82 today after a 91.23% price surge in 24 hours. While the surge caught most crypto traders by surprise, the price movement was coming seeing that global digital asset market maker and web3 investment firm DWF labs had shown commitment to the WavesDAO project.

DWF Labs, on June 22, announced its support for the launch of WavesDAO by committing 500K WAVES to Waves staking and voting to support the WavesDAO project. DWF Labs’ participation in the DAO initiative will go a long way in empowering developers to build on the Waves Blockchain.

What is WavesDAO?

WavesDAO is a For-Profit decentralized organization (DAO) on the Power Protocol platform aimed to support the development of Waves Blockchain-based projects and other initiatives.

Essentially, a governor is expected to have a minimum of 1 PWR to participate in the DAO and 100 PWR staked for the initiation of a proposal to succeed.

At the moment, WavesDAO is seeking to channel a third of Waves miners’ rewards into the Waves DAO. However, this proposal needs to be approved by Waves miners and stakers through on-chain voting.

WavesDAO stands as a pioneering decentralized autonomous organization on the Power Protocol platform. It will be managed by PWR token stakers, which makes it an investment vehicle for the community.

The post DWF Labs vote of confidence to the WavesDAO project sends WAVES price up 91% appeared first on CoinJournal.

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Bitcoin hard forks, Bitcoin Cash and Bitcoin SV in the spotlight with double-digit gains

  • At press time, BCH price had risen by 52% in the last seven days and 28% in the last 24 hours.
  • BSV, on the other hand, had gained 77% in the last seven days and 30% in the last 24 hours
  • Bitcoin (BTC) has only gained 15% over the last seven days.

Recently, attention has been focused on Bitcoin (BTC) and its hard forks, Bitcoin Cash (BCH) and Bitcoin SV (BSV) that split off from the main chain. In the last seven days, the prices of BSV and BCH have skyrocketed, outperforming even BTC.

Despite the markets showing a consolidated trend after the recent price movements, prices of most cryptocurrencies are still skyrocketing with BCH and BSV being among the top three gainers today falling behind Waves (WAVES) which has shot up by 85% today.

Crypto market breakout after US SEC onslaught

The SEC lawsuits against Binance and Coinbase for allegedly violating US rules and regulations sent the markets into a sharp decline.

However, the drop did not last long. The prices were up again after industry heavyweights like BlackRock, Invesco, and WisdonTree threw their weight behind the industry. The other force behind the current crypto market boom is the emergence of China back into the cryptocurrency space.

China’s stand on cryptocurrencies

The historical relationship between China and cryptocurrencies has been quite complicated, with frequent bans that have always had an effect on the entire crypto market.

China has a history of opposing cryptocurrencies despite the fact that it was once the bedrock of most crypto activities including Bitcoin mining. The People’s Bank of China (PBC) made its initial attempt in 2013 when it forbade financial institutions from dealing in virtual currencies. Afterwards, authorities tightened their regulations of cryptocurrencies in 2017, especially targeting Initial Coin Offerings (ICOs).

Later in 2021, China took the toughest action and outlawed cryptocurrency mining causing a more than 50% decline in the crypto markets.

But recently, China has changed how it views cryptocurrencies. Beijing recently published a whitepaper titled “Web3 Innovation and Development White Paper (2023)” that promoted Web3 technology as a crucial element of the internet’s future development.

If China was to completely lift the crypto ban or ease its stand, the global markets could be deeply impacted, stimulating global demand and boosting prices. However, at the moment, everything is still surrounded by speculations going by what has been happening.

The post Bitcoin hard forks, Bitcoin Cash and Bitcoin SV in the spotlight with double-digit gains appeared first on CoinJournal.

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AltSignals’ first stage presale nearly sold out amid resilient crypto sector

  • AltSignals presale nearly sold out with $1.021 million raised

  • An interest in crypto and AI boosting the trading signal service platform

  • $ASI is likely to surge in value as it gets listed on exchanges amid huge investor interest

Trading signal service AltSignals ($ASI) has been a presale sensation this year. The project has raised $1.021 million, with investors eyeing a share of its upcoming AI-led trading platform ActualizeAI. AltSignals is expected to raise $1.080 million through the presale, meaning that only 5% remains for the first phase to conclude. By all standards, this is a highly successful presale, given that it just opened its doors to investors a few months ago. But why has AltSignals generated so much interest from investors? Let’s explain this in some detail.

Crypto is the future, and so is artificial intelligence

Crypto had a rough year, but investors are still undeterred. Over the past week, recoveries have been widespread, with the crypto king Bitcoin eyeing a breakout past its now-established resistance at $30,000. The gains underline that the search for supernormal profits from the digital sector is far from over.

But we know the investment landscape is changing. As established cryptocurrencies whipsaw within ranges that investors have become accustomed to by now, new crypto projects are a fast gathering storm. They present new and unexploited opportunities that investors are willing to try. 

AltSignals comes at a time when the application of AI is growing, especially in the trading world. Just imagine the benefit of using AI to generate signals from financial instruments like stocks and forex. Of course, AI has been in use in the trading world as it has been shown to produce more quality signals. The ability to intertwine crypto, AI, and trading makes AltSignals a unique and quality project which is attracting investors.

What is AltSignals, and how does it work?

AltSignals is a trading signal service created in 2017 by a team of professional UK traders. It has grown exponentially over the years, with its trading community increasing to over 52,000 members on Telegram. The signal service boasts approximately 64% signal accuracy, generated using the AltAlgo™ algorithm. The top performing markets for the company are shares, forex, the Binance Futures, crypto, and CFDs. 

A strong and growing demand for AltSignals service has prompted the team to expand into AI-led signal service. The team is launching an AI platform dubbed ActualizeAI. The interest in AI has been fueled by a need to increase the quality of signals generated and the number of financial instruments covered. 

To benefit from the AI signals, you need to become an ActualizeAI member. Crypto token $ASI will be the unit of membership. Investors who buy $ASI in the presale will have early access to ActualizeAI and enjoy other benefits.

What value does $ASI offer?

If you are a trader or investor interested in trading, $ASI could be an ideal investment. You have access to a trading community benefiting from quality signals generated by professionals. $ASI also gives investors a chance to compete in trading tournaments. This could be an excellent way to improve trading skills while getting rewarded with $ASI for winning the contests. There are exclusive presale opportunities for members of ActualizeAI. 

If you have been searching for a trading community where members have a voice, AltSignals, and ActualizeAI could be the ideal place. You can use $ASI to vote on governance, besides using the tokens to contribute ideas on the platform and get rewarded.

Should you buy $ASI this week?

$ASI’s presale in the first phase is ending with around 5% of tokens left to be sold out. From here, the token’s price will increase, and investors may have to spend more. The token could also get boosts from exchange listing after a successful presale. It means buying now offers a perfect chance to join ActualizeAI early and familiarise yourself with the AltSignals platform.

The post AltSignals’ first stage presale nearly sold out amid resilient crypto sector appeared first on CoinJournal.