As part of its efforts to become a regional hub for digital assets, Hong Kong is considering allowing spot crypto exchange-traded funds (ETFs) that would allow retail investors to directly buy and sell cryptocurrencies.
Jack Dorsey’s Bitcoin-focused fintech firm Block has reported a profitable third quarter, exceeding analysts’ forecasts with $5.62 billion in revenue, largely driven by strong performance in its Cash App and Square services.
Solana-based non-fungible token (NFT) marketplace Magic Eden has announced it’s collaborating with the company behind the renowned NFT collections Bored Ape Yacht Club and Cryptopunks, Yuga Labs, to launch a marketplace for Ethereum NFTs honoring creator royalties.
Top stories in the Crypto Roundup today:
- Hong Kong Eyes Spot Crypto ETFs
- Block Posts $5.6 Billion Revenue, $45 Million Bitcoin Gain in Q3
- Magic Eden and Yuga Labs Team up to Launch ETH NFT Marketplace With Creator Royalties
- Centralized and Decentralized Exchanges Remain Plagued by Security Breaches