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Hong Kong virtual bank Mox Bank launches crypto ETF trading

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Mox Bank, a prominent virtual bank in Hong Kong, has announced the launch of cryptocurrency Exchange-Traded Fund (ETF) trading on its platform. This new offering marks a significant step forward in integrating digital assets into traditional banking services, providing customers with a streamlined way to invest in cryptocurrencies through ETFs.

The introduction of crypto ETF trading reflects Mox Bank’s commitment to expanding its financial product range and catering to the evolving needs of its customers. By enabling access to cryptocurrency ETFs, Mox Bank aims to offer a secure and regulated avenue for investors to gain exposure to digital assets without needing to handle the underlying cryptocurrencies directly.

This move comes amid a broader trend of increasing institutional and retail interest in cryptocurrency investment products. By incorporating crypto ETFs into its offerings, Mox Bank positions itself at the forefront of the digital finance revolution, aligning with the growing demand for accessible and innovative investment solutions.

The bank’s entry into the crypto ETF market underscores the continued expansion of financial services into the digital asset space. It also highlights the evolving landscape of investment opportunities available to Hong Kong residents, who are increasingly seeking ways to engage with cryptocurrencies through established financial institutions.

Mox Bank’s new service is expected to attract both seasoned investors and newcomers interested in diversifying their portfolios with digital assets. As the cryptocurrency market continues to mature, the integration of crypto ETFs into mainstream banking platforms like Mox Bank signifies a notable development in the financial industry’s approach to digital assets.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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