Author: Kent Tenix

It is evident from Singapore terrorism report 2024 that the terrorists continue to rely primarily on cash for financing even though there is a slight inclination towards using cryptocurrencies.  Terrorism threats in Singapore revealed that more terrorists prefer to engage in cash transfers in order to get funds. The adoption of cryptocurrency by these groups remains limited. In July 2024, Singapore issued a terrorism threat report stating that the threat was increasing because of global insecurity.  Published by the Internal Security Department of the Ministry of Home Affairs, the report highlights the increasing danger for the country. Increase in cryptocurrency…

Coinbase appoints a Clinton aide and adds two new directors, one with experience working for US presidents and another with an extensive management consulting background. Coinbase has added three new members to its board, including a senior OpenAI executive who was a political strategist for President Bill Clinton in the 1990s.  In a statement on July 25, Coinbase announced that Chris Lehane is now one of its 10 directors. Lehane was a strategist for Bill Clinton during his 1992 campaign and continued to work with him throughout his presidency from 1993 to 2001. He also helped Airbnb become legal in…

The second day of U.S. spot Ethereum ETF trading was a letdown, with investors withdrawing around $113.3 million. Grayscale’s Ethereum Trust ETF took the biggest hit, experiencing over $800 million in net outflows. The situation left many puzzled. Some Ether ETFs stayed positive during U.S. trading, but the overall mood was far from upbeat. The sudden outflow caused ETH’s price to drop by 1.8% that day, likely fueling a cycle of negativity as investors decided to cut their losses. Ethereum ETFs Struggle as Bitcoin Dominates Interestingly, the outflow happened despite Ethereum ETFs performing well during the trading day. So, why…

HSBC Australia has warned clients that they will no longer process transactions related to crypto exchanges starting July 24, citing the issue of customer safety. These safety issues were highlighted through emails sent out on X, suggesting that this was the reason for the decision. Nevertheless, the bank clarified that customers could continue accessing coins from exchanges in their accounts. “If you wish to make payments to cryptocurrency exchanges, you’ll need to make alternative arrangements,” The bank did not give a list of exactly which exchanges would be affected by the restrictions. HSBC Australia Begins to Regulate Crypto Transactions HSBC…

Find out why Ethereum has not reacted enthusiastically to the ETF launch and what this means for investors. Ethereum’s ETF debut wasn’t exactly explosive, but the indicators point to a potential reversal in the coming days. With over $ 112 billion trading volume and high investor interest, Ethereum’s price didn’t increase with the hype. The overall net inflow was $106 million, and there were significant investments in ETFs such as Bitwise’s ETHW of $204 million and BlackRock’s ETHA of $266.5 million. However, bearish pressure remained robust as investors made a $590 million net purchase after redemption from Grayscale’s ETHE. Several…

Hex Trust, which was previously regulated for custody services in Singapore, has to transform the regulatory shifts provided by revised licensing categories. It receives a preliminary nod from Singapore’s financial market authority for a substantial Payment Institution (MPI) license. As stated in the July 24 announcement, Hex Trust will offer additional services in Singapore under the MPI license to provide protected custody for “Digital Payment Tokens” and allow over-the-counter trading. Hex Trust, which started operations in Singapore in 2020, initially received a custody license in September 2021, but the amended laws of the Payment Services Act have now included custody…

Analyst Eric Balchunas noted that the new Ether ETFs attracted about half the initial inflows compared to Bitcoin ETFs on their first day. Ethereum exchange-traded funds (ETFs) have just begun trading on stock exchanges, with analysts quickly revealing the first 15 minutes of inflow data. According to Bloomberg’s senior ETF analyst Eric Balchunas, BitWise led the pack in the opening quarter-hour, securing $25.5 million in capital inflows. This impressive start is only surpassed by Grayscale’s Ethereum Trust, which launched back in 2017. In the first 15 minutes of trading, the nine Ethereum investment funds saw total inflows of $112 million,…

Bitcoin ETFs growth is heading higher regardless of the price of Bitcoin, as pointed out by Bloomberg ETF analyst Eric Balchunas. BlackRock’s Bitcoin ETF garnered $526.7 million in net inflows on Monday, surpassing the Nasdaq ETF in terms of inflows this year, with its market capitalization hitting over $22 billion. BlackRock’s iShares Bitcoin Trust (IBIT) experienced $526.7 million in net inflows, which we attribute to investors’ growing desire to spot Bitcoin funds. Out of the ten spot Bitcoin ETFs, only BITB did not record an increase for the 12th day in a row, and the group attracted almost $534 million…

Biden’s decision to withdraw from the presidential race in 2024 may prove highly bullish for crypto assets, but caution remains supreme on potential rallies. The Markets React: President Joe Biden’s Decision Not to Seek Re-election Causes Stir. Now, Analysts Divided: Joe Biden’s Decision May Support Bitcoin and Cryptocurrencies at $67,868, but Investors Have to Be Careful. The Bitcoin price dropped 2.8% post-Biden’s Announcement, Rebounded to $65,800, and Surged 3.6% in the last 8 hours. Acting on Biden’s recent surprise decision, eToro analyst Josh Gilbert said that labeling Biden’s decision a “win for crypto assets” could be a game-changer for the…

Mishaboar, a popular personality in the Dogecoin shroud, has recently warned newcomers to the crypto sphere about ‘earn’ schemes and keeping crypto funds on such platforms. The Dogecoin community head warns about expensive mistakes to avoid. His caution comes coupled with analysis of previous bull markets, especially in inducing caution while charting financial operations. The contributor continued, ‘During the bull run in the previous cycle, people were told not to hold funds on unstable platforms, and they lost a lot!’ FTX, with all its popularity, also failed, meaning large amounts of DOGE and others should not be held on exchanges.…