Minjun ParkFinance
Ethereum Falls to $2,694 as BlackRock Outflows Snap Seven-Day ETF Inflow Streak
Spot Ethereum funds recorded $2.81 million in net outflows on September 29 while forced liquidations wiped out $56.64 million in derivative positions.
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Minjun ParkFinance
Coinbase Survey Reveals: Over 60% Singaporeans Own Cryptocurrency – A Deep Dive into Their Investment Trends
Cryptocurrencies have gained significant traction in Singapore, with the majority of its citizens having some level of interaction with the digital asset, as revealed by a recent survey. Singaporean Interest in Cryptocurrencies A substantial portion of…
Aiko TanakaFinance
UBS Serves Up Crypto ETFs in Hong Kong
Switzerland’s largest bank is following in the tracks of HSBC by allowing wealthy clients to trade crypto exchange-traded funds in the city. A selection of three crypto-ETFs related to Bitcoin and Ethereum were available on a UBS trading platform for wealthy…
Sarah ChenFinance
Crypto is Dead. Long Live Crypto in 2023
The crypto industry is facing a very difficult 2023. In the longer term, however, there is no reason why it should not rise from the dead again, as it has in the past. Skeptics have long suspected it, and now they see themselves vindicated by the fiasco…
Sarah ChenFinance
Gold Holds no Glitter for Ethereum Co-Founder
Which has more merit, digital or traditional gold? For the Ethereum mastermind Vitalik Buterin, there is no doubt. For some investors, bitcoin is the better gold. Others swear by the yellow precious metal and doubt that the world’s oldest cryptocurrency could…
Sarah ChenFinance
Cryptominers lose big after Ethereum ‘merge’
Vietnamese crypto miners say they have suffered heavy losses with their mining rigs turning useless after Ethereum, the second-largest cryptocurrency, completed its switch to a more energy-efficient framework. “Goodbye Ethereum”, “no more chances” and “sell…
Wei ZhangFinance
SEBA to Add More Than a Dozen Staff in Asia
Julius Baer-backed crypto bank SEBA will reportedly take advantage of the selloff as a buying opportunity, with plans to add more than a dozen staff in Asia. SEBA will grow its headcount in Hong Kong and Singapore from around seven to more than 20, according…
Sarah ChenResearch
Cryptominers unplug rigs as bottom falls out of market
Cryptominers are powering down operations, even selling equipment, as cryptocurrency prices continue to plummet. Nguyen Binh, a cryptominer in the southern Dong Nai Province, said his rigs can mine almost one Ethereum (around $2,000) a month, but hardly…