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Swiss multinational investment bank UBS Group is set to enable select high-net-worth clients in Hong Kong to trade crypto-linked exchange-traded funds (ETFs). The move is aimed at keeping pace with its competitor, HSBC, which has already incorporated three crypto-related futures ETFs on its investment platform in the city. The authorized ETFs, including Samsung Bitcoin Futures Active, CSOP Bitcoin Futures, and CSOP Ether Futures, have received the green light from Hong Kong’s Securities and Futures Commission. UBS following in HSBC’s footsteps The largest bank in Hong Kong, HSBC, has long been a participant in the crypto market. It recently announced that it would start offering Bitcoin and Ethereum ETFs in Hong Kong. The strategic move by UBS underscores the growing importance of crypto currencies in the financial sector and reflects the increasing demand from high-net-worth individuals for exposure to digital assets. Crypto regulation framework i...

Celestia’s mainnet launches on October 31, with several exchange listings. A 60 million TIA token airdrop is scheduled for active users on Ethereum Layer 2s, Cosmos Hub. Celestia’s modular design and consensus mechanisms make its launch a standout event in the crypto space. The highly anticipated launch of Celestia’s mainnet is just around the corner, and it brings with it a flurry of activity in the cryptocurrency world. Below are the key details of what to expect from Celestia’s mainnet launch , including an exciting airdrop and exchange listings . Mainnet launch and exchange listings Celestia, a modular blockchain network, is gearing up for the release of its mainnet, scheduled for October 31. This marks a significant milestone in the project’s development and introduces new opportunities for users and investors. Centralized exchange s, including KuCoin and Bybit, have already announced their plans to begin trading Celest...

Shiba Memu taps into the meme vibe with cutting-edge AI technology. The project’s presale has surpassed $3.68 million in presale, with significant predictions. Shiba Memu could surpass $0.1 in 2023 on account of its early success in presale . Shiba Memu (SHMU), an AI-powered meme token, might be just a few weeks into the  presale . However, there are huge predictions for the token on account of its highly successful presale . Investors have bought over $3.68 million worth of SHMU, suggesting a high demand and potential. But could SHMU be a replica of meme predecessors that have hit over 50x in the past? The big Shiba Memu promise In an ever-changing world of digital assets, aligning with the future is crucial to successful projects. For the  meme cryptocurrencies , a perceived lack of value diminishes their future viability and adoption. That has questioned the sustainability of meme tokens and investment value. Shiba Memu carves a pa...

Prosecutors accused FTX founder Sam Bankman-Fried of constructing a fraudulent empire “built on a lie” while his legal team blamed the fall of the bankrupt crypto exchange on his former romantic partner, and colleague, Caroline Ellison. Those were the highlights from opening statements on Oct. 4 as Bankman-Fried’s trial on fraud and conspiracy got underway in earnest. Assistant U.S. Attorney Nathan Rehn told the jury that just a year ago, it seemed like Bankman-Fried was living the high life, and was seen with people including former president Bill Clinton and former American footballer Tom Brady.  “But it was built on lies,” he said.  “He was committing a massive fraud, taking billions of dollars from thousands of victims.  He had started FTX. He told customers it was safe. But he was taking it and spending it.” The prosecution said Bankman-Fried misused customer funds, and funneled them into various investments and personal...

Resonate Announces Support for Aura to bring Yield Futures & FNFTs to Balancer. Aura Finance is a protocol built on top of the Balancer system to provide maximum incentives to Balancer liquidity providers and BAL stakers (into veBAL) through social aggregation of BAL deposits and Aura’s native token. Resonate will be using Aura as a provider for the yield farms whose positions may be split through Resonate system into their constituent principal and interest components. Our in-house solution for pricing Balancer Pool Tokens (BPTs), with arbitrary weights, will have a direct application here. Through work together, Resonate gains a trusted yield-farm provider on mainnet Ethereum, opening up additional avenues for capital deployments and increased revenue to Resonate, while also offering those already in the Balancer ecosystem a readily accessible platform upon which to work with Resonate. In tandem, Aura gains sticky TVL and guaranteed returns for their systems. Why Resonate? Reso...

UQUID unveils Uquid Dapp, a platform for a decentralized future. Uquid is pioneering the development of Web3 e-commerce, and they are excited to introduce their latest milestone – the launch of Uquid DApp – your All-in-One destination for the Web 3.0 Shopping Revolution. This revolutionary platform is designed to be a collaborative hub that invites partners, developers, and visionaries from every corner of the blockchain space to list their DApps to enhance the full cycle of the shopping experience in Web3. The core of its vision lies in empowering innovation and driving a decentralized future. Uquid DApp: Fostering a Decentralized Ecosystem Uquid DApp is more than just a platform; it’s a movement that amplifies the voices of developers and creators about Web3. They believe that every innovative idea deserves a platform to flourish, and Uquid DApp provides just that. By allowing partners and developers to list their DApps, they empower them to reach a broader audience...

Senator Sherrod Brown lambasted crypto at a hearing on the oversight of the industry regulator, underscoring the powerful political support behind a crackdown on crypto by the Securities and Exchange Commission (SEC). “It seems like every day, before and after the collapse of FTX, there is another crypto scam, hack, or insider taking advantage of people,” said Brown, chairman of the influential Senate Committee on Banking, Housing, and Urban Affairs, on Sept. 12. “That’s because the problems we saw at FTX are everywhere in crypto – the failure to provide real disclosure, the conflicts of interest, the risky bets with customer money that was supposed to be safe. FTX was just the biggest and the ugliest.” Senator from Ohio. Chair of the Senate banking committee and avid backer of Gary Gensler. — Cryptocurrency News Channel (@goodfreephotos) September 12, 2023 The Ohio lawmaker praised Gensler’s work as SEC chair and launched a bl...

Zumer aims to be the new standard for DeFi protocols that focus on offering liquidity to the NFT market, creating a fully decentralized financial system for the Metaverse assets. Zumer’s end goal is to let everyone be the central banker, banker, and investment banker of the Zumer ecosystem, allowing all stakeholders including DAOs, NFT projects, and Gaming guilds to determine interest rates, and perform QE/QT, offer liquidity, and underwrite credit risks. PARTNERSHIP IMPORTANCE DIA is delighted to announce that the Zumer Protocol has successfully integrated DIA’s NFT Floor Price oracle services into its testnet environment . This is an especially thrilling announcement as Sumeria Labs is the first user to test out the DIA xFloor product. The custom NFT floor price oracle will feed the Zumer protocol with accurate and timely NFT price feeds for various collections including Bored Ape Yacht Club, Crypto Punks, Mutant Ape Yacht Club, and many more. The oracle will play a critical rol...

Join Our Telegram channel to stay up to date on breaking news coverage Alex Mashinsky, founder of bankrupt crypto lender Celsius, filed a motion to dismiss a case brought against him by the Federal Trade Commission (FTC).  Mashinsky was charged in July with multiple counts of fraud and market manipulation, when his lawyers labelled the charges against him “baseless.” They added that Mashinksy was looking forward to “vigorously defending himself in court.” Now they say the case should be dismissed. The allegations do not support a claim that Mashinsky knowingly made a misstatement to fraudulently obtain customer information from a financial institution, as is required under a 1999 law known as the Gramm-Leach-Bliley Act, his lawyers said in the filing, emphasizing that the charge fails to meet this criterion.  Celsius Had Already Declared Bankruptcy The lawyers pointed out that Celsius had already declared bankruptcy and reached a settlement a...

Source: A screenshot, Twitter/@CryptoParadyme   Several world-known celebrities, such as Matt Damon, Gwyneth Paltrow, Larry David, Naomi Osaka, and Reese Witherspoon, have been mocked for their crypto promotions in the new South Park movie that aired last night, and not in a good way.  While this is not the first time these celebrities have been slammed for hyping the crypto market without highlighting the risks, it is arguably the worst one.  In the Videos , the celebrities promote a new "promising" product called "Pee Pee Water," which is exactly what it sounds like. "Pee can be used for almost anything. We can water our lawns with it. We can also use urine for our shower water ," a cartoon character who introduces himself as Matt Damon says.  When you think it can't get any worse, the cartoon character forces himself to eat and drink food and beverage that is made using "Pee Pee Water" instead of water, of course unwi...

Join Our Telegram channel to stay up to date on breaking news coverage Meta has announced that social media users on Facebook and Instagram can post non-fungible tokens (NFTs) and other crypto assets to their cryptocurrency accounts by linking them to their digital wallets . Facebook and Instagram users can post NFTs using digital wallets Meta issued an update on May 10, saying that the 2.9 billion users on Facebook can now share their NFTs and digital collectibles on the social media platform. The announcement by the social media company also said that Instagram users based around 100 countries could also post digital collectibles minted on the flow network or from crypto wallets that support the Ethereum and Polygon blockchains. Meta also said that it would continue rolling out support for crypto assets on both Facebook and Instagram, adding that the initial plan was to give people the ability to post their digital collectibles on both Facebook and Instagram. The social ...

Join Our Telegram channel to stay up to date on breaking news coverage Customers on Fidelity could soon start buying Bitcoin through the brokerage platform supported by the company. If this service is launched soon, it could promote the institutional adoption of Bitcoin. Over the past year, there has been a notable rise in institutional investors flocking toward Bitcoin. Fidelity wants to offer Bitcoin to retail investors A report by the Wall Street Journal has said that customers of investment giant Fidelity could soon be able to purchase Bitcoin. Fidelity is a Boston-based investment firm that manages more than $34.4 million in retail accounts . It is also one of the largest fund manager s globally. The WSJ reported on Monday that Fidelity wanted to offer Bitcoin to individual investors, which could further promote the adoption of the world’s largest cryptocurrency. According to the journal, the company was yet to share the plans for this new offering with its clients...

Join Our Telegram channel to stay up to date on breaking news coverage Bitcoin hasn’t experienced a good day after hitting the bear bottom during the arrival of the crypto winter. The arrival of halving was expected, but the other regulatory conditions are playing major as the latest chart shows that Bitcoin drops below $19k. Bitcoin Price Performance Over the Last Month Bitcoin ended August showing major signs of recovery. It was able to stay above 21k levels for three days straight. It is no small feat as the world&rsquo ;s first cryptocurrency has everything pitting against it, from the high-power concerns to the announcement that the Merge update of the Ethereum was close. However, there was only so much the bulls could have done. As soon as the token entered September, it dropped below its $20k resistance – giving only a little reprieve by bouncing off only marginally. Bulls spent most of the early days of September trying to maintain the token above the 20k l...

Disclaimer: The Industry Talk section Features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. RobotEra has launched its presale, providing traders with the opportunity to invest early in its native TARO token. Running on the Ethereum blockchain, the platform is developing a Sandbox-style Metaverse, where players can participate in the creation of NFT-based land and buildings. In a year of big presales, RobotEra has the makings of a successful offering, with the platform already boasting some strong fundamentals. It also happens to boast funding from LBANK Labs, hinting at the momentum it could gather once its sale progresses further and when it secures its first exchange listings.  New Metaverse Crypto Presale Backed by LBank Labs RobotEra Goes Live With its alpha version due by the end of the first quarter of 2023, RobotEra is pushing full steam ahead with the launch of its presale. Even though the sale began ...

Join Our Telegram channel to stay up to date on breaking news coverage What – The crypto industry has been battling with issues of hacks for years back. Why – While some platforms recovered a few stolen funds, most of the assets remained with the hackers. What Next – Some hacks and thefts in the crypto space have been linked to the notorious North Korean hacker group Lazarus.  One such hack occurred in Axie Infinity. In a recent event, Norway authorities seized some crypto assets stolen in the exploit.  Norway Agency Makes Its Biggest Seizure Of Crypto Assets Norway’s National Authority for Investigation and Prosecution of Economic and Environmental Crime (Økokrim) disclosed a seizure of $6 million in crypto assets. According to its press release, Økokrim noted that this news seizure is the largest ever made. Further, the regulator stated that it seized the funds concerning the crypto exploits on Sky Mavis and Axie Infin...

Cardano rose for a second straight session to start the weekend, as the token continued to move away from a key price floor. Cryptocurrency markets were marginally higher in today’s session, with the global market up 0.56% as of writing. Solana continued to consolidate on Saturday. Cardano (ADA) Cardano (ADA) rose for a second consecutive session, as the token moved away from a recent support point. Following a low of $0.3783 on Friday, ADA/USD jumped to an intraday peak at $0.3902 to start the weekend. As a result of the move, cardano moved further away from a recent floor at $0.3775, following a failed breakout attempt. ADA/USD – Daily Chart From the chart, it appears that bulls rejected the breakout after the 14-day relative strength index (RSI) bounced from a floor at 55.00. At the time of writing, the index is tracking at 56.96, with a ceiling at 60.00 a potential target for traders. Should they reach this destination, there is a good chance that ADA will be t...