Altcoin News Official TheBitTimes.com

Futu Securities launches Bitcoin and Ethereum trading in Hong Kong with zero fees. New users can receive incentives like Bitcoin or shares of Alibaba and Nvidia. Futu seeks a crypto exchange license for PantherTrade amid Hong Kong’s crypto hurdles. Futu Securities International, Hong Kong’s largest online broker , has introduced retail cryptocurrency trading in the city, marking a significant advancement in its financial services. The broker age firm, known for its extensive reach and innovative offerings, now allows residents to trade Bitcoin and Ethereum on its platform. This initiative comes after a partnership with HashKey Exchange, one of only two licensed cryptocurrency exchanges in Hong Kong. Bonuses and waived crypto trading fees The launch comes with enticing bonuses. New account holders who deposit HK$10,000 (approximately $1,280) for 60 days can receive either HK$600 worth of Bitcoin, a HK$400 supermarket voucher, or a share of Al...

The issuance became the second major operations of the bank with the new class of assets. Russia’s largest bank Sber — formerly known as Sberbank — reported the first issue of gold-backed digital financial assets (DFAs). The bank considers DFAs to be a “great alternative” to investments amid dedollarization. On Dec. 26, Sber published the news about its first issue of gold-backed DFAs. A diversified metals seller and manufacturer, Solfer, became the first investor to obtain the issued assets. Gold-backed DFAs represent certifying monetary rights, whose price and volume depend on gold prices. According to juridical documentation of the issuance, the bank will provide up to 150,000 DFAs for potential investors to buy. The DFAs will be available to acquire until Jul 30, 2023. The document mentions “the high risks” for investors, ingrained in such kind of assets, including “the risk of illiquidity.” The first deputy chairman of the Executive Board at Sber, Alexander Vedyakhin, cla...