Cryptocurrency turmoil: Impact of hawkish FOMC statement on Bitcoin and Ethereum Crypto News – Hawkish FOMC Statement Impact: The world of cryptocurrencies endured a rollercoaster week, characterized by substantial developments that significantly impacted major digital assets like Bitcoin and Ethereum. These fluctuations were largely driven by macroeconomic indicators and regulatory sentiments, culminating in a particularly turbulent period following a hawkish FOMC statement. Bitcoin and Ethereum, the two leading cryptocurrencies by market capitalization, initially faced declines amidst robust US Non-Farm Payrolls data. The report suggested a stronger-than-expected labor market, dampening hopes for imminent Federal Reserve rate cuts. Consequently, both assets experienced…

Emergence of Bitcoin ETFs on the Australian Stock Exchange: A game-changer in crypto investing Crypto News: The introduction of the VanEck Bitcoin ETF (ASX: VBTC) on the Australian Stock Exchange represents a significant development in the landscape of cryptocurrency investments in Australia. This move follows the footsteps of successful Bitcoin ETF launches in the United States, notably the iShares Bitcoin Trust (IBIT), which has rapidly gained traction and accumulated substantial market capitalization. Evolution of Bitcoin ETFs In the United States, Bitcoin ETFs like IBIT have achieved a combined market capitalization of US$60 billion within just six months of their launch.…

BlackRock Japan launches Nifty 50 ETF, signals growing foreign interest in Indian equities Stock News – Blackrock Introduces Nifty ETF in Japan: Blackrock Japan’s recent launch of an Exchange-Traded Fund (ETF) tracking India’s Nifty50 index marks a pivotal moment in the realm of global investment. This new ETF joins a select group of funds that already mirror India’s National Stock Exchange (NSE) benchmark index, reflecting a growing trend of international interest in Indian equities. Announced by NSE chief Ashish Kumar Chauhan on social media platform X (formerly Twitter), the launch underscores a broader narrative of increasing foreign participation in India’s…

Stoic AI launches fully automatic crypto trading bot with impressive market performance Stoic AI has emerged as a trailblazer in the realm of crypto trading with its advanced, fully automatic crypto trading bot. Developed over a meticulous seven-year period, this bot has garnered acclaim for consistently outperforming the market while offering users a seamless and user-friendly experience. By simply connecting to supported exchanges such as Coinbase, Binance Global, and Binance US, users can effortlessly leverage the bot to watch their earnings grow. At the core of Stoic AI’s offering are its three distinct trading strategies, each tailored to cater to…

Ruja Ignatova’s audacious OneCoin crypto scam and the ongoing pursuit of justice Crypto News: The rise and fall of Ruja Ignatova, the mastermind behind OneCoin, stands as a stark reminder of the dark underbelly that can lurk beneath the promising facade of the cryptocurrency world. Her story is one of audacious deception, immense wealth acquired through deceit, and a sudden disappearance that left a trail of shattered dreams and unanswered questions. OneCoin emerged in 2014, marketed aggressively as a revolutionary cryptocurrency that promised high returns for investors. Ignatova, with her charismatic demeanor and purported expertise in finance, presented herself as…

SEC’s Terraform Labs settlement: Key milestone in the field of cryptocurrency regulation Crypto News: Terraform Labs and its former CEO, Do Kwon, have entered a significant legal settlement with the U.S. Securities and Exchange Commission (SEC), marking a critical chapter in the aftermath of the Terra ecosystem’s collapse in May 2022. The agreement entails substantial financial penalties and permanent restrictions on Kwon and Terraform Labs concerning their involvement with crypto asset securities, underscoring regulatory efforts in the rapidly evolving digital currency landscape. The SEC’s civil fraud case against the crypto company Terraform Labs and Do Kwon stemmed from allegations linked…

Kraken Wallet: Revolutionizing cryptocurrency management with security and accessibility Crypto News: In the dynamic landscape of cryptocurrency, innovation is the cornerstone of progress. The latest breakthrough comes from Kraken, a leading US-based crypto exchange, as it unveils its newest offering: the Kraken Wallet. This self-custodial wallet represents a significant leap forward in crypto wallet technology, poised to accelerate the global adoption of cryptocurrencies. At its core, the Kraken Wallet is designed to provide users with a secure and user-friendly gateway into the decentralized world of digital assets. Unlike custodial wallets, which require users to trust a third party with their…

 Aftermath of Apple event, WWDC 2024, exploring AI integration, cryptocurrency turbulence Crypto News: Apple’s 2024 Worldwide Developers Conference (WWDC) was not just another Apple event; it was a groundbreaking moment that sent ripples through the tech industry and beyond. At the core of the excitement was the unveiling of “Apple Intelligence,” a suite of new generative AI features destined for iOS 18, iPadOS 18, and macOS Sequoia. Among these innovations was Siri’s newfound capability to seamlessly redirect user queries to ChatGPT, a product of OpenAI’s GPT-4o, with user consent paramount before any data sharing. The integration of ChatGPT into Apple’s…

Fostering global fintech: InvestHK and Crypto Valley Association collaborate for Web3 innovation Crypto News – InvestHK and Crypto Valley Association Partnership: InvestHK, the investment promotion agency for the Hong Kong Special Administrative Region, and the Crypto Valley Association (CVA), a leading global blockchain and cryptographic technology ecosystem, have entered into a landmark Memorandum of Understanding (MoU) aimed at fortifying collaboration between the fintech ecosystems of Hong Kong and Switzerland. The signing of this MoU signifies a significant step towards fostering stronger ties between two of the world’s most dynamic and innovative financial hubs. The agreement is designed to facilitate regular…

DECA: Pioneering Australia’s fintech frontier with expanded focus and regulatory collaboration Crypto News: In a groundbreaking move indicative of the ever-evolving landscape of the digital economy, Blockchain Australia, a prominent Australian crypto advocacy, has undergone a transformative rebranding initiative. Now known as the Digital Economic Council of Australia (DECA), the Australian crypto advocacy has not only changed its name but also expanded its purview to encompass a broader spectrum of fintech sectors. This strategic shift is a testament to DECA’s commitment to adaptability and its recognition of the interconnectedness of various digital technologies shaping the economic landscape. At the helm…