Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $2,546 trillion. Bitcoin is down by nearly 1% despite a historic surge this week. Ethereum is up by nearly 5% after setting a new ATH this week. XRP is down by more than 4% after a disappointing week. Almost all altcoins have registered significant gains this week. The DeFi sector surpassed the $100 billion…
Tag: Arrano Capital
Hong Kong Has Approved the First Cryptocurrency Fund Targeting $100 Million
Venture Smart Asia’s blockchain arm, Arrano Capital, has launched Hong Kong’s first approved cryptocurrency fund. The launch targets $100 million and offers an officially sanctioned window for institutional investors in Bitcoin. The announcement emerged on Monday, after it cleared the licensing conditions which allows dealing in virtual assets with the Securities and Futures Commission. In 2019, local regulators began to find means of exerting oversight over the cryptocurrency industry. This is the first time of approving such fund since then. Before now, the…
2 years ago
