The Coin Leaks

Hong Kong and Singapore’s wealthy elite appear to be looking at digital assets with fervor, after a new report from KPMG suggesting over 90% of family offices and high-net-worth individuals (HNWI) are interested in investing in the digital assets space or have already done so. According to an Oct. 24 report from KPMG China and …

HK and Singapore’s mega-rich are eyeing crypto investments: KPMG Read More »

[ad_1] A shareholder’s open letter to Meta CEO Mark Zuckerberg has labeled the tech giant’s investment into the Metaverse as “super-sized and terrifying.” The shareholder has urged the company to scale down its investment in the Metaverse and its related technology arm amid a significant fall in its stock price over the last 18 months.  …

Zuckerberg’s $100B metaverse gamble is ‘super-sized and terrifying,’ shareholder says Read More »

[ad_1] Technology heavyweight Apple has clarified its App Store rules around nonfungible tokens (NFTs) and cryptocurrency exchanges marking the first time its codified specific rules for NFTs. The new rules confirm how NFT purchases will be taxed and what they can and can’t be used for, while also clarifying rules around when a crypto exchange …

New Apple rules double down on 30% NFT ‘tax’ and geo-limits exchanges Read More »

[ad_1] Ethereum’s long-awaited Merge took place in September, shifting it from a legacy proof-of-work (POW) model to the sustainable proof-of-stake (PoS) consensus algorithm. Many observers expected Ether’s (ETH) price to respond positively as its daily emissions declined 90% with the halt of mining operations.  However, the expected price surge never occurred. In fact, Ether has …

Ethereum’s Merge won’t stop its price from sinking Read More »

[ad_1] Australia’s federal law enforcement agency has highlighted the criminal use of cryptocurrency as an “emerging threat” in the country but says it’s a continuous challenge to keep up the pace with criminals.  A spokesperson for the Australian Federal Police (AFP) told Cointelegraph that there has been an “increase in the number of offenders using …

Criminal use of crypto an ‘emerging threat’ — Australian police Read More »

[ad_1] The global Bitcoin (BTC) payments market will reach $3.7 billion by 2031, registering a compound annual growth rate (CAGR) of 16.3% from 2022 to 2031, with private keys and hardware driving the sector expansion, forecasted Allied Market Research in a report published on Oct. 24.  According to the document, operational demand for efficiency and …

Global Bitcoin payments market projected to reach $3.7B by 2031: Research Read More »

[ad_1] On Oct 24, European cryptocurrency investment firm CoinShares published its “Digital Asset Fund Flows Report,” which revealed that digital asset investment products saw $5 million worth of cumulative outflows last week in a continuation of what it calls an “apathetic period” that began in September 2022.  Most notably, investment product volumes dropped to $758 …

Volumes on crypto investment products drop to 2-year low: CoinShares Read More »

[ad_1] According to data provided by Polygon and Dune Analytics, the trading volume of Reddit nonfungible token (NFT) avatars has eclipsed $1.5 million in the past 24 hours. The increase represents over one-third of the collection’s cumulative trading volume of $4.1 million since launch. At the same time, the daily sales volume of Reddit NFTs …

Reddit NFT trading volume hits all-time high as wallet holders near 3 million Read More »

[ad_1] Rishi Sunak is set to become prime minister of the United Kingdom within days. Sunak was defeated for the top government post by Liz Truss on Sept. 5, but she resigned after 45 days in office. Indications so far are that his selection for the office is good news for the crypto industry. Sunak …

Wealthy crypto believer and incoming UK PM Rishi Sunak once commissioned a royal NFT Read More »

[ad_1] The Tel Aviv Stock Exchange (TASE) disclosed on Oct. 24 the creation of a blockchain-based platform to expand its trading services to cryptocurrencies and other digital assets as part of the new strategic plan for the years 2023 to 2027.  The exchange stated about its venture into crypto and the creation of a digital …

Tel Aviv Stock Exchange to create crypto platform Read More »