LBBW will first offer crypto custody to corporate clients with a market launch planned for the second half of 2024.
Bitcoin and ether prices rose on Monday afternoon in Asia as Hong Kong gave preliminary approvals to local spot crypto ETF applications.
The miner earned 50 bitcoin in April 2010 during the network’s early weeks and has held on to the asset so far.
The Securities and Futures Commission, Hong Kong’s markets regulator, has not made an official announcement.
A meme coin trading frenzy and a rapid spike in users has stressed the network in recent months.
Bitcoin’s once-every-four-years “halving” this week may be very different from those of earlier epochs, typically ho-hum affairs. Now, an intense competition is underway to mine the first block after the halving, which could contain a rare and collectible fragment of a bitcoin known as an “epic sat.”
Hong Kong approved several spot bitcoin ETFs and spot ether ETFs managed by China Asset Management, Bosera and HashKey on Monday.
The market has shaken off concerns of escalations between Iran and Israel as the U.S. appears to have talked Israel out of a counter-attack.
An IRS official told CNBC that the agency may see more tax evasion using crypto this year and it is working with the private sector to track.
No period of time since Terra’s collapse has seen this volume of loans liquidated on Ethereum—and the month isn’t even half over.
