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HONG KONG, April 30, 2024 (AFP) – Hong Kong on Tuesday launched trading of Asia’s first spot bitcoin and ether exchange-traded funds (ETFs), moving forward in the city’s race to become a regional virtual asset investment hub. The debut comes three months after the United States gave the greenlight to ETFs pegged to bitcoin’s spot price, making it easier for mainstream investors to add the unit to their portfolio. Hong Kong’s pioneering crypto ETFs on […]
HONG KONG, April 15, 2024 (AFP) – Hong Kong’s securities regulator on Monday granted conditional approval to start the city’s first spot-bitcoin and ether exchange-traded funds (ETFs), firms involved said, positioning it as a leader in Asia for the use of cryptocurrencies as investment tools. ChinaAMC (HK), the city’s unit of China Asset Management, said in a statement it had received regulatory approval from Hong Kong’s Securities and Futures Commission of Hong Kong (SFC) for […]
Bitcoin hit a fresh record above $71,000 on Monday as demand for the cryptocurrency picks up amid optimism that the Federal Reserve will cut interest rates this year. The unit hit a peak of $71,432 in afternoon Asian business, according to Bloomberg data, meaning it has advanced almost 70 percent this year. The rally was helped by news that Britain’s Financial Conduct Authority had said it would allow the creation of crypto-related securities. That comes […]
SEOUL, March 8, 2024 (AFP) – South Korea’s so-called “kimchi premium” on bitcoin prices hit a two-year high this week, a cryptocurrency data firm said, as the virtual token broke records globally. Bitcoin hit a peak above $69,000 Tuesday, beating its previous high achieved in November 2021, buoyed by growing trading accessibility of the world’s biggest cryptocurrency, even as supply remains tight. The “kimchi premium” — named after the country’s fermented side dish — refers […]
LONDON, March 5, 2024 (AFP) – Bitcoin hit a record high above $69,000 Tuesday, buoyed by the world’s biggest cryptocurrency becoming more accessible for trading amid tightening supplies. Bitcoin reached $69,191.94, beating a record $68,991 struck in November 2021. The volatile asset later retreated to $67,442. Bitcoin has enjoyed an unbridled rise since the approval of a new type of investment indexed to the cryptocurrency. Since their approval on January 10 by US securities regulators, […]
By Roland Jackson in London and Matthew Surrusco in Hong Kong LONDON, Feb 28, 2024 (AFP) – Bitcoin passed the $60,000 mark on Wednesday, approaching its all-time high and continuing its unbridled rise since the approval of a new type of investment indexed to the cryptocurrency. Bitcoin traded as high as $61,360, closing in on its all-time high of $68,991 — struck in November 2021 and which some analysts believe is now within reach. Around […]
Bitcoin spiked above $50,000 Tuesday for the first time in more than two years as investors grow optimistic that US approval of broader trading in the unit will ramp up demand. The cryptocurrency has enjoyed a strong run in recent months, fuelled by expectations US lawmakers would allow the creation of exchange-traded funds (ETFs) that track the price and let the public invest in crypto without directly purchasing it. After initially dropping in reaction to […]
NEW YORK, Jan 10, 2024 (AFP) – US securities regulators gave the green light Wednesday to a group of bitcoin exchange-traded funds, a keenly anticipated decision expected to boost the cryptocurrency. Regulators approved proposals for 11 ETFs to list on leading exchanges including the New York Stock Exchange “on an accelerated basis,” the Securities and Exchange Commission said in a 22-page order. ETFs are traded on public markets, granting investors exposure to price movements in […]
NEW YORK, Jan 10, 2024 (AFP) – An unauthorized message posted to the US Securities and Exchange Commission’s official X account briefly sent bitcoin prices soaring, forcing the market regulator to deny it had approved a new cryptocurrency product. Just after 4 pm local time (2100 GMT), the price of the world’s largest digital currency in terms of circulation surged towards its highest level for more than 22 months, before falling again a few minutes […]
Bitcoin on Monday rose past $40,000 for the first time since May last year, boosted by hopes that the United States will soon allow broader trading of the world’s biggest cryptocurrency. The digital asset has skyrocketed this year, gaining nearly 150 percent, with expectations growing that US regulators will allow the creation of exchange-traded funds (ETFs). These would track the price of bitcoin and allow the public to invest in the currency without directly purchasing […]
SAN SALVADOR, El Salvador (AFP) — El Salvador’s legislative assembly on Wednesday approved a digital assets law aimed at legally protecting transfers or debt issues with cryptocurrencies. El Salvador was the first country to adopt bitcoin as a legal currency in September 2021, using it along with the US dollar, which it adopted as its currency in 2001. The 47-article law received 62 votes in favor out of 84 seats in Congress. “El Salvador’s Legislative […]
PARIS, France (AFP) – The biggest software upgrade in the short history of crypto has fulfilled its promise to wipe out more than 99 percent of the electricity used by the second-biggest cryptocurrency, experts have told AFP. That is no mean feat, given that the Ethereum blockchain was burning through about as much electricity as New Zealand. Sceptics had expected glitches with the upgrade, known as “the merge”, but it ended up being a “rather […]
