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Blockchain Press Releases

KuCoin’s Latest Research Report: Bitcoin Reaches Record Highs, $1.16 Billion Poured into 180 Crypto Projects, and Ethereum’s Layer2 TVL Jumps 13.66%

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VICTORIA, Seychelles, April 11, 2024 /PRNewswire/ — KuCoin Research, a prominent analytical arm of the global leading cryptocurrency exchange, has released its April edition of the Monthly Research Report, providing a comprehensive overview of the dynamic trends and significant developments within the cryptocurrency market during March 2024.

In March 2024, the cryptocurrency market experienced significant events that underscored the dynamic interplay between technology and financial trends. Bitcoin soared to new heights, reflecting a surge in market optimism. The Ethereum network saw significant progress with the implementation of the Dencun upgrade, which resulted in a 13.66% increase in the Total Value Locked (TVL) within its Layer2 solutions, as measured in ETH. This development, along with a marked upswing in crypto investment and financing—highlighted by 180 projects attracting a combined financing of $1.16 billion—underscored a robust resurgence in the primary investment market.

The period also witnessed the burgeoning growth of the AI and Real World Assets (RWA) sectors, with notable advancements despite some volatility. AI’s deepening integration with various industries, coupled with the vibrant activity within the Solana ecosystem, and significant shifts in stablecoin dynamics—with USDT, USDC, and the rising prominence of USDe—further illustrated the evolving landscape of digital assets.

The KuCoin Research Report underscores the exchange’s commitment to providing users with insightful, data-driven analysis of the cryptocurrency market’s evolving landscape.

Read the full report here.

About KuCoin

Launched in September 2017, KuCoin is a global cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community action reach, it offers over 800 digital assets and currently provides Spot trading, Margin trading, P2P Fiat trading, Futures trading, and Staking to its 30 million users in more than 200 countries and regions. KuCoin is currently one of the top 5 crypto exchanges. In 2023, KuCoin was named one of the Best Crypto Exchanges by Forbes and recognized as a highly commended global exchange in Finder’s 2023 Global Cryptocurrency Trading Platform Awards. Learn more at https://www.kucoin.com/.

About KuCoin Research

KuCoin Research is a leading provider of research and analysis in the cryptocurrency industry. With a team of experienced analysts and researchers, KuCoin Research aims to deliver high-quality insights and reports to empower investors and industry professionals.

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Blockchain Press Releases

KuCoin Campus Survey Reveals: 88% of Participants Eager to Build Careers in Blockchain

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VICTORIA, Seychelles, April 30, 2024 /PRNewswire/ — KuCoin, a leading global crypto exchange, has launched a survey report on Blockchain Education and Career as its new KuCoin Campus initiative, aiming to understand global interest in blockchain education and careers. This effort marks the beginning of their educational campaign, focusing on engaging in offline interaction to enhance learning.

The survey has unveiled a high interest in learning and pursuing a career in the blockchain industry, with responses from over 1900 survey participants, reflecting a promising talent pool that industry partnerships and career guidance can harness, and a substantial market for job opportunities and professional development in this field.

In the heart of KuCoin’s survey, an overwhelming 88% of respondents showcase their eagerness to embark on blockchain careers. This enthusiasm is further evidenced by the 75% of participants who declare a “very high” interest in the blockchain sphere, indicating a widespread recognition of its transformative capabilities.

The survey also delves into the experience levels of blockchain enthusiasts, revealing that 65% of respondents have been engaged with the industry for at least a year, including a notable 15% with over three years of experience. This diverse mix of newcomers and veterans highlights the industry’s dynamic nature and the continuous influx of fresh talent.

Engagement preferences further reflect the community’s diverse approach to blockchain, with 49% favoring investment as a means of learning, followed by the use of blockchain services and applications (39%), and formal education and community involvement trailing closely. This indicates a broad spectrum of entry points into the blockchain world, from financial investment to academic pursuit and community participation.

Moreover, the survey sheds light on the core principles that intrigue participants, with 51% fascinated by blockchain’s potential in reshaping finance and its prospects for high profitability. Regarding practical applications, investing and trading (51%) and the pursuit of passive income (49%) stand out as areas of keen interest, alongside the exploration of AI integration, digital assets, and cross-border payment solutions. This indicates a strong interest in leveraging blockchain for financial gain and innovation.

The survey offers crucial insights for a diverse audience, including investors, organizations, and individuals either working in or aspiring to join the blockchain industry. This initiative represents a strategic step towards aligning KuCoin’s educational efforts with the evolving needs and interests within the blockchain realm. Please read the full report here.

About KuCoin Campus

KuCoin Campus is a global initiative set to unfold through a series of dynamic offline events at schools and colleges around the world. While KuCoin Learn serves as our comprehensive online learning platform, KuCoin Campus extends its educational endeavor into the physical realm. It aims to engage with academic communities, enlightening students and educators alike about the burgeoning world of digital finance and its potential impact on the future.

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Blockchain Press Releases

Bosera HashKey Bitcoin and Ether Spot ETFs Officially Launch on HKEX with Two-Way Investment Flexibility

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HONG KONG, April 30, 2024  /PRNewswire/ — The Exchange Traded Funds, Bosera HashKey Bitcoin ETF and Bosera HashKey Ether ETF (the “ETFs”) have officially launched on the Hong Kong Stock Exchange today. In respect of the ETFs, Bosera Asset Management (International) Co., Limited and HashKey Capital Limited are the Investment Manager and Sub-Investment Manager respectively. The ETFs are part of the first batch of Bitcoin and Ether spot ETFs to launch in a major financial hub in Asia and they are now listed under the tickers  BTC: 3008.HK (HKD); 9008.HK (USD) and ETH: 3009.HK (HKD); 9009.HK (USD) respectively.

One of the key features of these ETFs is that they introduce an ‘in-kind’ subscription mechanism, which allows investors to directly subscribe for ETF shares using Bitcoin and Ethereum. Investors can purchase the ETFs with Bitcoin or Ethereum and subsequently sell them for cash, or vice versa, enabling seamless two-way investment flexibility.

Additionally, the Bosera HashKey Bitcoin ETF and Bosera HashKey Ether ETF track the CME CF Bitcoin Reference Rate – Asia Pacific Variant and the CME CF Ether-Dollar Reference Rate – Asia Pacific Variant respectively.

“The launch of the Bosera HashKey Bitcoin ETF and Bosera HashKey Ether ETF marks a significant leap forward in democratizing access to cryptocurrencies,” said Deng Chao, CEO of HashKey Capital. “These innovative ETFs not only provide a convenient entry point for investors but also underscore our commitment to driving innovation in the virtual asset ecosystem.”

Importantly, non-Hong Kong nationals can also subscribe for or purchase units in the ETFs if they meet local regulatory requirements, such as passing customer due diligence.

The Bosera HashKey Bitcoin ETF and Bosera HashKey Ether ETF are now available for trading on the Hong Kong Stock Exchange.

Note: The tickers BTC: 3008.HK (HKD); 9008.HK (USD) and ETH: 3009.HK (HKD); 9009.HK (USD)are now officially listed on the Hong Kong Stock Exchange (HKEX).

About HashKey Capital

Global in influence and crypto-native, HashKey Capital is a digital asset and blockchain leader helping institutions, founders and talents advance the blockchain industries.

As one of the largest crypto funds and the earliest institutional investor in Ethereum, HashKey Capital has managed over US$1 billion in client assets since its inception, with over 500 investments in infrastructure, tools, and applications.

With our deep knowledge across the blockchain ecosystem, HashKey Capital has built a robust network connecting founders, investors, developers, and regulators.

For media enquiries, please contact [email protected] ; [email protected] 

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Blockchain

No plans for total crypto ban in Russia, lawmaker says

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A lawmaker in Russia has stated that there are no plans for a total ban on cryptocurrencies in the country. This statement provides clarity on the regulatory stance of the Russian government regarding cryptocurrencies and addresses concerns about potential prohibitive measures.

The clarification from the lawmaker indicates that while Russia may be considering regulations to govern the use and trading of cryptocurrencies, there are no intentions to outright ban their existence or usage. This stance suggests a more nuanced approach to cryptocurrency regulation, aiming to balance innovation and development in the digital asset space with regulatory oversight and consumer protection.

The statement may help alleviate uncertainty and fears within the cryptocurrency community in Russia, as well as among international investors and stakeholders. Clear regulatory guidelines and a willingness to engage with the crypto industry can foster a more conducive environment for innovation, investment, and economic growth.

The lawmaker’s assertion that there are no plans for a total crypto ban in Russia provides reassurance to market participants and signals a potentially more constructive approach to cryptocurrency regulation in the country. It remains to be seen how regulatory frameworks will evolve in Russia, but this statement suggests a willingness to engage in dialogue and develop regulations that support the growth of the crypto industry while addressing regulatory concerns.

Source: crypto.news

The post No plans for total crypto ban in Russia, lawmaker says appeared first on HIPTHER Alerts.

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