China

Mystery Hong Kong investor in BlackRock's bitcoin ETF breaks silence after $436 million stake sparks controversy

A Hong Kong investor has publicly addressed their $436 million stake in BlackRock's Bitcoin ETF, which has generated significant controversy in the cryptocurrency community. The investor, who remains anonymous, clarified their investment strategy and expressed confidence in the long-term potential of Bitcoin. This substantial investment has raised questions about the motivations behind large institutional entries into the crypto market. The investor's comments aim to alleviate concerns regarding market manipulation and the impact of such large stakes on Bitcoin's price. The situation highlights the growing interest of institutional players in cryptocurrency assets.

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Crypto.com Secures Conditional Approval for National Trust Bank Charter

Crypto.com has received conditional approval from the Office of the Comptroller of the Currency (OCC) to establish a national trust bank charter. This approval allows the company to offer a range of banking services, including custody for digital assets. The charter is part of Crypto.com's strategy

Ethereum Founder Vitalik Buterin Continues ETH Selling Spree

Ethereum founder Vitalik Buterin has been actively selling his holdings of Ether (ETH), with recent transactions totaling approximately $700,000. This selling spree has raised concerns among investors about the potential impact on the market. Buterin's sales come amid a broader trend of increased selling pressure in the

Bitcoin rebound fades as software and private equity rout drags stocks and crypto lower

Bitcoin's recent rebound has lost momentum as broader market pressures from software and private equity declines negatively impact both stocks and cryptocurrencies. The cryptocurrency experienced a drop, reflecting a broader trend of risk aversion among investors. Concerns over economic stability and rising interest rates have contributed to this

Human Existence Is Just as Wasteful as AI Data Centers, Sam Altman Suggests

Sam Altman, CEO of OpenAI, argues that human existence is as wasteful as the energy consumption of AI data centers. He highlights the significant environmental impact of both human activities and the operation of AI technologies. Altman suggests that the debate over AI's energy use should also consider

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Crypto.com Secures Conditional Approval for National Trust Bank Charter

Ethereum Founder Vitalik Buterin Continues ETH Selling Spree

Bitcoin rebound fades as software and private equity rout drags stocks and crypto lower

Human Existence Is Just as Wasteful as AI Data Centers, Sam Altman Suggests