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Singapore doubled the number of yearly digital asset licenses issued in 2024.
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The study ranked Hong Kong in second place, with 890 blockchain patents, 1,163 related jobs and 52 cryptocurrency exchanges.
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The study found that Singapore is home to 1,600 blockchain patents, 2,433 industry-related jobs and 81 crypto exchanges. These are stellar numbers for a country with less than 6 million inhabitants.
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As of Dec. 13, ETHE has lost over $3.5 billion total in under six months since its launch on July 23.
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Despite the billions of dollars of outflows, the total spot Bitcoin ETF market has surged, reaching over $35.5 billion in investments in under a year.
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In contrast, BlackRock's iShares Bitcoin Trust (IBIT) plays a major role in ensuring a positive balance sheet. IBIT’s total inflows stand at $35.883 billion, with the fund attracting $153.3 million daily since inception.
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The new nine — the Fidelity Wise Origin Bitcoin Fund, Bitwise Bitcoin ETF, ARK 21Shares Bitcoin ETF, Invesco Galaxy Bitcoin ETF, Franklin Bitcoin ETF, Valkyrie Bitcoin Fund, VanEck Bitcoin ETF, WisdomTree Bitcoin Fund and Grayscale Bitcoin Mini Trust ETF — have collectively brought in $20.737 billion.
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As of Dec. 16, GBTC’s total outflows amounted to $21.045 billion as the trust continues to shed millions of dollars worth of investment daily. According to data from Farside Investors, GBTC has lost a daily average of $89.9 million for the past 11 months.
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More than $21 billion has been withdrawn from the Grayscale Bitcoin Trust (GBTC) since its launch on Jan. 11, making it the only spot Bitcoin exchange-traded fund (ETF) in the United States with a negative net investment flow.
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Jean-Mark Stenger, CEO of Societe Generale-FORGE, told Cointelegraph that the partnership was crucial for making stablecoins “a core component of the global financial system.”
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The partnership will involve Bitpanda working with the conglomerate’s blockchain subsidiary, Societe Generale-Forge, to push for mainstream adoption of its euro-denominated stablecoin, EUR CoinVertible (EURCV).
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In September, Bitpanda partnered with the global banking conglomerate Societe Generale to help grow crypto and stablecoins to be key components of global finance.
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Bitpanda intends to establish a fully operational regional headquarters in Dubai, with additional aims to create partnerships with relevant financial stakeholders.
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The exchange announced the token delisting on Nov. 19, citing undisclosed failures to meet its standards for listing tokens.
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In a statement to Cointelegraph, a Coinbase spokesperson reiterated the company’s standards. “Coinbase is committed to maintaining the high integrity of our listing standards. Should an asset fail to meet those standards, it is delisted,” the spokesperson said.
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The suit claims Coinbase’s actions amount to monopolization of the wrapped Bitcoin market under the Sherman Act. The lawsuit accuses Coinbase of predatory practices, including issuing false statements about wBTC’s compliance to undermine its market position. BiT Global claims Coinbase’s actions were designed to steer market dominance toward cbBTC.
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Coinbase Asset Management introduced Project Diamond in December 2023. Project Diamond is not available to users in the United States. Chainlink debuted the CCIP in April. It allows crosschain token transfers and smart contract messaging across blockchain networks.
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Chainlink will provide data and connectivity between public and private blockchains and existing financial systems through Chainlink’s Cross-Chain Interoperability Protocol (CCIP), assuring users of compliant solutions.
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Peregrine, the PSG Digital business regulated by the ADGM, will be the flagship user of the integrated platform.
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Project Diamond is regulated by the Financial Services Regulatory Authority of the Abu Dhabi Global Market (ADGM) and is a resident of the ADGM RegLab sandbox. It has the trade name Onchain Marketplace. That implementation will be upgraded in the integration.
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