• Dogcoin has fallen out of favor, and Robin Hood's cryptocurrency trading revenue in the third quarter decreased by 78.1% month on month

    Reporter | Si LinweiOn October 27th, American internet brokerage Robin Hood (NASDAQ stock code: HOOD) released its financial report for the third quarter of 2021. According to the financial report, Robinhood's total net revenue in the third quarter was $365 million, compared to $270 million in the same period last year, a year-on-year increase of 35%; And its net loss in the third quarter was 1

    2023-05-05
  • Coin An announced that it will launch its own stable currency within 2 months, with BNB2 rising 7.56% within 4 hours

    Disclaimer: This article does not constitute any investment advice.Editor: Remember to follow meFirst line report on Mars Finance APP (WeChat: hxcj24h)Zhou Wei, Chief Financial Officer of Coin An, stated in an interview with Bloomberg that Coin An will start issuing its own stable currency "within a few weeks, one, or two months", with the goal of providing stable currencies for more currencies in the world, such as the euro and yen

    2023-05-04
  • What happened? After hitting a new low in 10 months, Bitcoin has risen above the $31000 mark. The Federal Reserve claims that significant inflation and interest rate hikes pose financial risks

    Edited by: Bi LumingWithin an hour, Bitcoin staged a trend of long short to recover and cut. At around 8:00 am Beijing time on the 10th, Bitcoin fell below the $30000 mark, breaking a new 10 month low and falling more than $10000 from the highest point since the Federal Reserve raised interest rates on May 5th

    2023-05-04
  • Bitcoin has fallen below the support level of $20000 per coin! The entire cryptocurrency market evaporates an 'apple' in 7 months

    Reporter: Zheng Yuhang Editor: Tan YuhanOn June 18th, in the trading session, Bitcoin continued to decline after breaking the key support level of $20000 per coin, marking the first time since November 2020. As of press release, the lowest drop for the day was $18811

    2023-05-04
  • Is the bull market about to start after 10 months when BTC returns to $30000?

    After falling below the $30000 mark on June 10th last year, Bitcoin regained its lost territory after a 10 month hiatus. The market shows that Bitcoin rose as high as $30500 this morning, temporarily at $30022, with a 24-hour increase of 6

    2023-05-04
  • Coin Circle Observation | Bitcoin has risen above $30000, up 74.41% in the past three months! How long can we support it?

    Beijing Business Daily News (Reporter Liu Sihong): Bitcoin, which has experienced ups and downs throughout the year, has recently experienced a short-term rise in prices. On April 11th, the price of Bitcoin broke through $30000 at around 8:30, an increase of over 5%

    2023-05-04
  • As the price of dogcoin drops back to the level it was a month ago, DOGE holders are trying to protect memes

    After a sharp drop of over 16%, the price of dog coins fell back to $0.0789, rising only 1% since March 24th

    2023-05-01
  • Can Hong Kong retail investors buy Bitcoin? Virtual asset trading platform licensing guidelines will be unveiled next month!

    The Hong Kong Securities Regulatory Commission will introduce a mandatory virtual asset trading platform (VASP) licensing system starting from June 1 this year, and plans to open up retail investors to invest in virtual assets. The Hong Kong Securities Regulatory Commission recently stated that it will release licensing guidelines for virtual asset trading platforms next month.After the formal implementation of the new virtual asset platform licensing system, all virtual asset exchanges operating in Hong Kong or promoting services to Hong Kong investors, regardless of whether they provide securities based token trading services, must obtain licensing from the Hong Kong Securities Regulatory Commission and be subject to its supervision.Conducting any unlicensed activities is a criminal offense.On April 26th, the Chief Executive of the Hong Kong Securities Regulatory Commission, Leung Fung yi, stated during an event that it is expected to introduce licensing guidelines for virtual asset trading platforms in May. During the previous consultation process, more than 150 feedback opinions were received.The main suggestion of consultation is to open up licensed platforms to provide services to retail investors. Zhitong Finance has learned that according to previous policies, platform operators can only provide services to professional investors with a funding threshold of up to HKD 8 million, and ensure that their customers fully understand virtual assets. In addition, licensed platforms will be included in the regulatory sandbox of the China Securities Regulatory Commission and will be subject to close and rigorous supervision for a period of time.On December 16, last year, the ETF based on Bitcoin and Ethereum futures launched by Southern Dongying Asset Management Co., Ltd. was officially listed on the Hong Kong Stock Exchange, marking Hong Kong becoming the world's first market to provide Ethereum futures ETF and the first market in Asia to provide Bitcoin futures ETF. Under the latest proposed trading platform system, retail investors can directly participate in Bitcoin and Ethereum trading on regulated platforms in the future.In fact, the licensing procedures for virtual asset transactions in Hong Kong have always been very strict. Under the existing system, only two encryption platforms are licensed - OSL (OSL DigitalSecurities Limited) and HashKey (HashBlockchain Limited).(Image source: Hong Kong Securities Regulatory Commission)According to media reports,Huo Coin, OKEXBoth parties have expressed their intention to apply for an exchange license in Hong Kong and have established an office in Hong Kong.Additionally, the Singapore basedDBS Silverthat 's okIt also stated its intention to apply for relevant licenses in Hong Kong to provide cryptocurrency services to local customers.that 's ok12 month transition period arrangementThe Hong Kong Securities and Futures Commission stated that considering that platform operators licensed under the Securities and Futures Ordinance may need to modify their systems and monitoring measures to comply with the new regulations, a transition period of 12 months has been proposed.The China Securities Regulatory Commission stated that, Anyone who engages in the business of providing virtual asset services or shows that they operate the business must apply for a license from the Securities and Futures Commission. The existing virtual asset trading platform has been provided as a licensed arrangement, so that they can continue to operate in Hong Kong after the implementation of the virtual asset service provider system under the Anti Money Laundering Ordinance. It must be within the period from June 1, 2023 to February 29, 2024, in accordance with the Anti Money Laundering Ordinance The virtual asset service provider system under is to submit fully completed license applications online. If the SFC considers that the relevant license application meets the conditions for licensing, the virtual asset trading platform will automatically be deemed to have been licensed from June 1, 2024 This passage may sound quite convoluted, but to put it bluntly, the two companies that have already been licensed need to comply with the new regulatory requirements within the prescribed transition period.As for the original virtual asset trading platform, if it has no intention of applying for a license, it should start preparing to end its business in Hong Kong in an orderly manner, with a deadline of May 31, 2024.Fierce business of virtual insurance companiesAccording to the consultation document of the Hong Kong Certificate Authority,The platform that applies for a license must insure the customer's assets.Liang Fengyi also told the media that the Hong Kong Securities Regulatory Commission is in discussions with the Insurance Regulatory AuthorityThe cost of purchasing insurance for customer assetsOther matters.OneDegree Group

    2023-04-28
  • Ethereum prices hit an 11 month high due to the withdrawal of 240,00ETH

    Simply putETH has cleared the psychological barrier of $2000.Nearly $500 million in ETH has been withdrawn

    2023-04-28
  • Bitcoin has risen above $30000 in 10 months: an increase of over 80% this year and a decrease of over 60% last year

    On April 11th, the world's largest cryptocurrency by market value, Bitcoin, rose above $30000, reaching its highest price since June last year.Bitcoin's trend over the past 24 hours

    2023-04-28