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Tag: March

  • Wiki Finance Expo Hong Kong 2025: Asia’s premier fintech and web3.0 summit returns on March 27

    Wiki Finance Expo Hong Kong 2025: Asia’s premier fintech and web3.0 summit returns on March 27

    The highly anticipated Wiki Finance Expo Hong Kong 2025 is set to take place on March 27, 2025, at The Sky 100 Hong Kong Observation Deck, International Commerce Center (ICC). As the largest and most influential Fintech and Web3.0 event in Asia this year, Wiki Finance Expo Hong Kong 2025 promises to deliver a remarkable and rewarding summit for the industry.

    This year’s event promises to be bigger and better than ever, with a record 7,000 delegates expected to attend and 3,000 companies planning to participate.

    Event Details

    • Date: March 27, 2025

    • Time: 9:00 AM – 6:00 PM

    • Venue: The Sky 100 Hong Kong Observation Deck, International Commerce Center (ICC)

    • Focus Areas: Fintech, Web3.0, Crypto, Forex, Payments, AI, Metaverse, NFTs

    • Registration & Tickets: Free of charge

    • Registration Link: https://www.wikiexpo.com/HongKong/2025/en/index.html?c=Bf34Yo8a

    Why Attend?

    Wiki Finance Expo Hong Kong 2025 is poised to surpass all previous benchmarks, with over 7,000 attendees and 3,000 participating companies. This year’s Expo offers:

    • Expanded Scale: A significant increase in attendees and exhibitors, making it the largest event of its kind in Asia.

    • Elite Networking: An unparalleled opportunity to connect with industry leaders, forge new partnerships, and establish lasting connections.

    • Insightful Discussions: Engage with over 50 esteemed speakers sharing groundbreaking perspectives on the future of finance.

    • Innovative Exhibits: Discover cutting-edge technologies and solutions from 80+ exhibitors revolutionizing the financial landscape.

    Past Speakers at Wiki Finance Expo Global:

    • Dominic Williams, Founder & Chief Scientist, DFINITY Foundation

    • Evan Auyang Chi-chun, Group President, Animoca Brands

    • Justin Sun, Founder – TRON, Member – HTX Global Advisory Board

    • Reeve Collins, Co Founder – Tether

    • Jun Du, Founder, SINOHOPE & ABCDE Capital

    • Alvin Hu, Managing Director, Head of Key Account, KuCoin Exchange

    • Kevin Lee, CEO, Gate.HK

    • Mario Nawfal, CEO, IBC Group

    • Julian Tehan, CCO, BitMEX

    • Hasnae Taleb, Managing Partner, Mintiply Capital, The Shewolf of Nasdaq by Nasdaq Stock Market

    • Mayoon Boonyarat, Director Revenue Tax Policy Division, Ministry of Finance of Thailand

    • John Riggins, Partner, BTC Inc

    • John Patrick Mullin, Co-Founder, MANTRA

    • Weronika Marciniak, CEO, Future is meta

    • Emomotimi Agama, Fellow, U.S. SEC & IFC – Milken Institute, Managing Director, Nigeria SEC/NCMI

    • Loretta Joseph, Policy Consultant, The Commonwealth, Chairman, ADFSAC

    • Dr. Florian M Spiegl, Appointed Member, (HK) SFC – FinTech Advisory Group, Founder & CEO, EVIDENT, Lecturer, HKU – Faculty of Business and Economics

    • Brian Norman, CFO – Auros, Co-Chair Web3 & Blockchain committee – FinTech Assoc HK

    • Stratos Pourzitakis, PhD, Head of Digital Policy APAC, HSBC

    • Bugra Celik, Director, Digital Assets | Global Private Banking & Wealth, HSBC

    • Simon Callaghan, CEO, Blockchain Australia

    • Hassan Ahmed, Country Director, Coinbase Singapore

    Join us at Wiki Finance Expo Hong Kong 2025 as we embark on an exhilarating journey to explore and shape the future of fintech. This is your chance to be at the forefront of the industry’s most transformative trends, surrounded by like-minded professionals eager to make a difference. Don’t miss out on this exclusive opportunity to connect, recharge, and redefine the future of fintech. Secure your spot now by registering through the event link provided. And don’t forget to spread the word. See you there!

    About Wiki Finance Expo

    Wiki Finance Expo is the world’s leading financial exhibition and fintech conference brand, holding large summits annually in Singapore, Sydney, Dubai, Hong Kong, and Bangkok. The event gathers and connects global high-quality resources for exhibitors and participants, including enterprises, start-ups, project owners, investors, and practitioners in the fields of blockchain, fintech, and forex.

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  • Bitfarms mines less BTC in March despite expanding its mining Fleet

    Bitfarms mines less BTC in March despite expanding its mining Fleet

    • Bitfarms mined 286 BTC in March, down from 300 in February.
    • Bitfarms’ fleet upgrade aims for 21 EH/s and 21w/TH efficiency.
    • Bitfarms sold 284 BTC increasing treasury holdings to 806 BTC.

    Bitfarms Ltd. (BITF), a prominent global Bitcoin mining company, experienced a slight dip in its Bitcoin (BTC) production for the month of March 2024, despite its ongoing efforts to expand and upgrade its mining fleet.

    Bitfarms mined a total of 286 BTC in March 2024, down from the 300 BTC mined in February.

    This decline in production can be attributed to various factors, including participation in grid-stabilizing curtailment programs and power plant maintenance activities in Argentina.

    Additionally, a temporarily lower average operating EH/s and a 4.8% increase in network difficulty compared to the previous month also contributed to the decrease in BTC production.

    Bitfarms’ fleet upgrade and expansion plan

    Despite the decrease in BTC production, Bitfarms seems to be very committed to enhancing its mining capabilities.

    The company has been actively pursuing its fleet upgrade and expansion plan, aiming to reach 21 EH/s and 21w/TH in 2024.

    To achieve this goal, Bitfarms has made significant investments, including the purchase of 28,000 Bitmain T21 miners, along with additional S21 miners and S21 hydro miners.

    These acquisitions are part of Bitfarms’ strategy to improve operational efficiency and capitalize on the potential for increased mining margins amid rising Bitcoin prices.

    Current financial standing and future outlook of Bitfarms

    Bitfarms sold 284 out of the 286 BTC earned in March, generating total proceeds of $19.2 million.

    Furthermore, Bitfarms increased its BTC treasury holdings to 806, valued at $56.7 million, and held Synthetic HODL™ of 85 long-dated BTC call options, along with $66 million in cash, resulting in total liquidity of $123 million.

    Looking ahead, Bitfarms remains optimistic about its growth prospects.

    The company is set to participate in several upcoming conferences and events, including DigitalABC’s First Annual Canadian Crypto Asset and Blockchain Policy Conference and the Bitcoin Policy Summit.

    With its ongoing fleet expansion efforts and a focus on operational efficiency, Bitfarms is well-positioned to navigate the evolving cryptocurrency landscape and capitalize on opportunities in the market.

    By diligently expanding its mining fleet and adapting to market conditions, Bitfarms continues to solidify its position as a key player in the Bitcoin mining industry.

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  • Bitcoin remains the focus as outflows hit March highs

    Bitcoin remains the focus as outflows hit March highs

    • Digital assets investment products saw outflows of $168 million last week, $146 million of which was for Bitcoin.
    • It’s the largest weekly outflows total since March 2023, according to a report by CoinShares.

    CoinShares’ latest weekly report on digital asset investment flows shows that the market witnessed its largest funds outflows in nearly six months last week. The outflows come as sentiment across cryptocurrency dips amid recent sell-off.

    Crypto sees $168 million in outflows

    According to the report, outflows totaled $168 million over the week to mark the largest outflow from crypto products since March 2023 when the US Securities and Exchange Commission (SEC) started its regulatory crackdown on major exchanges.

    The outflows in the week ended August 25 saw the monthly outflows stand at $278 million as sentiment continued to trend negative amid “exceptionally low trading volume.” Indeed, CoinShares data shows the investment products market traded $1.3 billion last week, about 16% off the year’s average.

    “This negative sentiment we believe is due to the increasing acceptance that a spot-based ETF for Bitcoin in the US is likely to take longer than many expect, with recent delays being announced by the SEC,” said James Butterfill, head of research at CoinShares.

    Bitcoin continues to lead

    The crypto market recently witnessed a sharp sell-off for Bitcoin, the benchmark cryptocurrency falling to lows of $25,350. The struggle to strengthen above $26k has illustrated the market jitters permeating the broader risk assets sector, with this shown in outflows from Bitcoin investment products.

    Bitcoin price chart

    However, while outflows totaled $149 million last week, the flagship crypto asset’s flows are net positive for the year at roughly $265 million. Meanwhile, investors are increasingly selling their short positions, with $4 million in outflows registered last week for an 18-week streak of outflows. 

    Data shows shorts outflows are currently 89% of the total AuM.

    In the altcoin market, Ethereum recorded outflows of $17 million, while XRP and Litecoin had minor inflows of $0.5 million and $0.44 million, respectively.

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  • Analyst charts Bitcoin’s potential rally to $25K by March

    Analyst charts Bitcoin’s potential rally to $25K by March

    • Bitcoin price broke above $21,440 on major cryptocurrency exchanges for the first time since the FTX implosion.
    • Much of the buying pressure was retail driven as crypto mirrored stock markets’ Friday surge.
    • Veteran trader and markets analyst Peter Brandt has shared his prediction for Bitcoin price in 2023.

    Cryptocurrencies roared into the weekend as Bitcoin price spiked to highs above $21,000 for the first time since FTX’s debacle began to unfold in November.

    Data from CoinGecko shows that the benchmark crypto hit prices near $21,450 on major crypto exchanges on Sunday, with major altcoins tracking the leading digital asset. Ethereum broke above $1,500, Solana jumped to trade at highs of $24 and Dogecoin rose as high as $0.088. 

    It’s notable that the rise in crypto prices followed a tick up for growth stocks and risk assets as the US inflation slowed further in December to suggest a potential pivot from the Federal Reserve.

    Bitcoin price rally- analyst points to $25K by March

    Bitcoin is up more than 22% in the past seven days, with BTC currently showing resilience above the $20,000 support level.

    While on-chain data indicates the weekend buying pressure wasn’t so much as institutional investor-driven, the potential for bitcoin going higher remains if prices consolidate above the psychological level.

    According to veteran trader and markets analyst Peter Brandt, BTC’s bullish trend will benefit from a weekly close above $20,800. He shared the prediction in a tweet.

    The seasoned trader predicts a run to major resistance at $25,000 by March, with rejection seeing BTC retest the $18,000 level. If bulls hold this level, the analyst forecasts another sharp rally that could end up with Bitcoin price testing resistance levels around the $35,000 mark by July 2023.

    Although he warns that no one can predict the markets with certainty, his long term outlook for Bitcoin has the cryptocurrency’s price above $100,000 by 2025.

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