Hong Kong Digital Bank Mox Adds Crypto ETFs, Plans Direct Crypto Investing
The bank becomes one of several offering bitcoin and ether ETFs to Hong Kong customers despite relatively low demand.
The bank becomes one of several offering bitcoin and ether ETFs to Hong Kong customers despite relatively low demand.
(Bloomberg) -- Even with recent market gyrations, the chill of crypto winter is becoming a distant memory for traders of digital tokens. The launch of spot Bitcoin exchange-traded funds in January and ringing endorsements from Republican presidential candidate Donald Trump have helped them bounce back from the rout sparked by the collapse of FTX.Most Read from BloombergAfrica’s Richest City Needs $12 Billion to Fix InfrastructureNew York City’s Outdoor Dining Sheds Will Start DisappearingThe 5 C
Bitcoin’s volatility intrigues investors amid global market fluctuations and rising geopolitical tensions.
Solana and its ecosystem tokens look attractive compared to other altcoins and is a "clear option if looking for longs" after the market turmoil, a K33 Research analyst said.
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Though Tornado Cash still sees some transaction volume, most validators are cooperating with sanctions, the paper said.
The FCA's actions have led to the removal of 48 apps from U.K. app stores, Lucy Castledine, the regulator's director of consumer investments, said in an interview.
Twelve assets in the CoinDesk 20 are trading higher, with BCH joining SOL among the largest advancers.
In November 2020, Chinese authorities seized almost $4 billion worth of various tokens.