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Samson Mow Anticipates Bitcoin's Potential Surge to $3 Million per Coin by 2033

Bitcoin advocate Samson Mow, the CEO of a Bitcoin company Jan3, predicts that Bitcoin could reach an astonishing $3 million per coin in the next 10 years. He bases this on an annual growth rate of 60%. Mow believes that the increasing institutional demand for Bitcoin and its unique qualities contribute to its potential for significant value growth. He also expresses optimism about the approval of a Bitcoin exchange-traded fund (ETF), which could attract billions of dollars from pension funds and other investors

benzinga - 1142 ngày trước

Bitcoin Funds Experience Explosive Growth in Holdings as Institutional Interest Surges

Institutional interest in Bitcoin is growing as major Wall Street firms apply to launch Bitcoin exchange-traded funds (ETFs). This indicates that traditional financial institutions are becoming more accepting of cryptocurrencies, potentially leading to increased mainstream adoption of Bitcoin. Data from ByteTree shows that the number of Bitcoins held by funds has increased to nearly 850,000, surpassing the previous peak of 846,000 in February 2023. If approved, a Bitcoin ETF could have a significant impact on the market, prompting investors to reallocate funds from other Bitcoin investment options.

Finbold - 1143 ngày trước

Bank of America Commends Ripple Labs for Game-Changing Role in Asia-Pacific Payments

Bank of America praised Ripple Labs' contribution to the payments sector in the Asia-Pacific region. The report highlighted the value of blockchain technology for digitizing trade documents and the potential of Ripple's solutions for cross-border payments. More banks are adopting Ripple's blockchain-based payment technology for international trade. The report emphasized the role of APIs in enabling real-time payments and transforming customer connectivity and transaction processing. Utilizing Ripple's technology allows banks to save money by reducing transaction costs and pass on the savings to customers, increasing competitiveness and profitability in a competitive market.

CoinGape - 1143 ngày trước

Robert F. Kennedy Jr., US Presidential Candidate, Holds Bitcoin Assets Worth Up to $250,000

Robert F. Kennedy Jr., a presidential candidate, revealed that his family had invested in bitcoin. Kennedy's financial disclosure form showed that he held between $100,001 and $250,000 worth of bitcoin in a brokerage account. This raises concerns of a conflict of interest if Kennedy promotes bitcoin while his family holds the cryptocurrency. Kennedy has continued to endorse bitcoin, emphasizing its potential for transparency and democracy. The disclosure form does not specify when the investment was made or whether it has been sold. Kennedy's campaign clarified that the investment belonged to his wife, Cheryl Hines.

CNBC - 1143 ngày trước

Arthur Hayes Believes Bitcoin's Potential as the Ideal Currency for AI Systems

Former Bitmex CEO Arthur Hayes believes that Bitcoin is the perfect currency for artificial intelligence (AI) systems. He argues that Bitcoin's decentralized nature, user control over assets, and limited supply align with the characteristics of future AI economies. Bitcoin's connection to the cost of electricity provides an efficient store of value for AI systems. Its scarcity and censorship resistance give AI technologies an advantage over other currencies. Hayes predicts that if the AI economy adopts Bitcoin, it could lead to a surge in Bitcoin's value, potentially reaching $760,000 per coin.

theblock - 1143 ngày trước

Major Inflows into Bitcoin Products Reported by CoinShares, Signaling Institutional Adoption

Bitcoin continues to attract significant attention from institutional investors, with CoinShares reporting that it has been the primary focus for the past two weeks. Inflows into Bitcoin-related products reached $310.6 million during this period, accounting for 98% of all digital asset flows. This marks a reversal from nine consecutive weeks of outflows. The surge in interest can be attributed to the filing of Bitcoin ETF applications by major firms like BlackRock, Fidelity, and Invesco, contributing to a 25.2% increase in Bitcoin's price and a rise in its dominance to 51.46%.

cointelegraph - 1146 ngày trước

Bitcoin and Ether Supply on Exchanges Experience Reduction in June, Goldman Sachs Reports

According to Goldman Sachs, the supply of bitcoin (BTC) and ether (ETH) on exchanges decreased in June due to increased regulation and security concerns, leading holders to prefer self custody. Bitcoin supply dropped by 4%, approaching the lowest level since November 2020, while ether supply fell by 5.8%, reaching levels unseen since May 2018. The trend reflects investors' preference for self custody and staking ether, as well as the record sales of bitcoin miners' inventory. Transaction fees returned to normal, resulting in increased address activity and new on-chain activity for both cryptocurrencies.

coindesk - 1146 ngày trước

Europe's Thriving Cryptocurrency Job Market and Regulatory Strength Position It as a Global Player

Europe's favorable attitude towards cryptocurrency and its robust regulatory frameworks position it as a key player in the digital currency landscape. With the introduction of comprehensive crypto regulations like MiCA, Europe is poised to streamline the growth of the sector. The region also boasts a thriving job market, hosting two-thirds of the world's cryptocurrency jobs. Furthermore, Europe's infrastructural support, exemplified by its dominance in Bitcoin and Ethereum nodes, showcases its commitment to digital sovereignty. By embracing crypto, Europe has the potential to lead a major innovation and revive its declining economy.

Bitcoinist.com - 1147 ngày trước

Bitcoin Advocate Anthony Pompliano Believes SEC Will Ultimately Approve Spot Bitcoin ETF

Bitcoin maximalist Anthony Pompliano remains bullish on Bitcoin despite potential short-term friction. The founder of Pomp Investments believes that the improving fundamentals of the world's largest cryptocurrency, including increasing hash rate and adoption, contribute to its anti-fragility. The upcoming halving of Bitcoin's total supply in April 2024 historically boosts its price. Pompliano is also confident that the U.S. SEC will approve a Spot Bitcoin ETF, citing the growing demand from Wall Street and the involvement of notable players like BlackRock. Bitcoin has already surged 85% since the beginning of the year.

CoinJournal - 1147 ngày trước

Institutional Investors Increasingly Accumulating Bitcoin Shows Strong Interest in the Digital Asset

Bitcoin, the world's largest cryptocurrency, is seeing a significant increase in accumulation by institutional investors. Data analytics firm CryptoQuant reports that hedge funds, investment firms, and cryptocurrency private funds are actively accumulating bitcoins, indicating a strong interest in the digital asset despite its current price levels. This suggests that these institutions view Bitcoin as a long-term investment, even amidst the cryptocurrency market's volatility. The rising tide of Bitcoin accumulation by institutional investors signals growing confidence in the digital currency's long-term value and stability, potentially reshaping the market's dynamics and price trajectory.

twitter - 1147 ngày trước

Bitcoin Bull Jack Dorsey Nudges Twitter Team To Explore Decentralized Protocols

Jack Dorsey, co-founder of Twitter and a strong Bitcoin supporter, has responded to the new restrictions imposed by Twitter on the number of tweets users can view daily. Elon Musk, Twitter's chairman, announced the limits to address data scraping and manipulation. Verified accounts can now view 10,000 tweets daily, while unverified and new accounts have limits of 1,000 and 500 posts, respectively. Dorsey acknowledged the challenges of managing Twitter and suggested exploring decentralized protocols like Bitcoin and Nostr to preserve the open internet.

Bitcoinist.com - 1148 ngày trước

German Crypto Investors Show Strong Interest in Digital Assets as Long-Term Investment, Survey Reports

A recent survey by KuCoin reveals insights into the crypto market in Germany. The majority of German investors in crypto are Millennials, accounting for 51% of the market, followed by Generation X at 30% and Generation Z at 19%. The report also highlights that 17% of the surveyed participants own or have owned crypto in the past six months. Bitcoin is the preferred investment choice, with 64% exposure, followed by Ethereum at 40% and other emerging projects. The survey suggests a growing interest in crypto and potential future buying activity in Germany.

CryptoPotato - 1148 ngày trước

Unstoppable Bitcoin Sees 83.8% Gain in H1 2023, Emerging as the Top Performing Asset

Bitcoin has shown impressive performance in the first half of 2023, with a staggering 83.8% increase in value, surpassing other major world assets. Its trajectory has remained bullish throughout the year, setting the tone with a 47% rise in the first month alone. Despite some typical declines, Bitcoin's supporters see them as consolidation and accumulation opportunities. Furthermore, analysts believe that the upcoming Bitcoin halving in 2024 will fuel a bullish run. This consistent growth and positive market sentiment make a compelling case for Bitcoin as a valuable investment.

Coin Edition - 1149 ngày trước

Billionaire Venture Capitalist Tim Draper Still Bullish on Bitcoin's Future, Sets New Goal of $250,000 by 2025

Bitcoin advocate Tim Draper, a billionaire venture capitalist, remains confident in Bitcoin's potential, despite his previous prediction of reaching $250,000 by 2023 falling short. Acknowledging the current price of around $30,000, Draper has extended the timeline for his projection, now aiming for the crypto king to surpass $250,000 by 2025. Although his previous forecast was inaccurate, Draper emphasizes the ongoing efforts of engineers, implying that advancements in the technology underlying Bitcoin are underway, suggesting a promising future for the cryptocurrency.

The Daily Hodl - 1149 ngày trước

Crypto ATM Enterprise Bitcoin Depot Makes its Entry on Nasdaq via Public Listing on July 3rd

Bitcoin Depot, a major cryptocurrency ATM company in the US, has announced the completion of a merger deal that will enable the company to go public. Fintech firm GSR II Meteora Acquisition Corporation confirmed that its stockholders have approved the merger, allowing it to act as a special purpose acquisition company for Bitcoin Depot. The $885 million deal, finalized after being reported in August 2022, will provide investors with access to Bitcoin Depot on the Nasdaq from July 3. The merger aims to support growth opportunities and boost Bitcoin adoption in North America.

cointelegraph - 1150 ngày trước

Elliptic Reports: Russian Military Organizations Attain Nearly $20 Million via Crypto Donations

Russian military fundraising groups have received $20 million in crypto donations since the Ukraine invasion, according to a report by Elliptic. Two-thirds of pro-Russian crypto funds involve US-sanctioned entities. In contrast, Ukraine's crypto donation campaign has raised at least $212 million. Elliptic noted a gradual increase in pro-Russian donations compared to pro-Ukrainian ones. The report also revealed that sanctioned entities, including Task Force Rusich and Donetsk People's Republic officials, are using crypto payments, while exchanges face sanction evasion risks. Bitcoin is the preferred digital asset for Russian donations.

theblock - 1150 ngày trước

Majority of Institutional Investors Bullish on Crypto Sector, Binance Research Report Shows

A recent report by Binance Research reveals that 63.5% of institutional investors have a positive outlook on the crypto sector for the next 12 months, while 88% are optimistic about the next decade. Surprisingly, only 26.9% of respondents believe that real-world use cases will drive adoption in the industry. The survey, based on responses from 208 institutional clients and VIP users, highlights regulatory clarity and increased institutional involvement as key drivers for crypto adoption. Additionally, the report shows that 50% of investors plan to increase their crypto allocation, with portfolio diversification as a motivating factor for larger funds.

theblock - 1150 ngày trước

Litecoin's Hash Rate Reaches New Milestone Ahead of Halving, Pushing LTC Towards $100

Litecoin's hash rate has reached a historic high of 797.72 tera hash-second (Th-s) ahead of its upcoming halving on August 2, 2023. The increased confidence has led to a 15% surge in LTC's price over the past week, nearing the $100 mark. Despite price fluctuations, the hash rate has steadily risen, indicating growing network activity. The mining difficulty has also reached a new all-time high, posing a challenge for miners. The halving will cut block rewards in half, increasing scarcity and further driving up prices.

CryptoPotato - 1150 ngày trước

Vodafone Expands into NFT Space with Cardano Blockchain Collaboration

Vodafone, one of the world's largest telecom companies, is set to launch a non-fungible token (NFT) collection on the Cardano blockchain. The German arm of Vodafone, Vodafone Deutschland, will be using the Cardano network for this project. This move highlights Cardano's potential for hosting large-scale projects and boosts its mainstream visibility. The partnership also signifies Vodafone's confidence in Cardano's technology, potentially attracting more businesses and developers to the platform. With over 353 million users globally, including 30.81 million in Germany, Vodafone's collaboration could positively impact Cardano's native cryptocurrency, ADA.

Finbold - 1151 ngày trước

Asset Management Giant Fidelity Makes Move for Bitcoin ETF Approval

Fidelity, a leading financial services company with $11 trillion in assets, has filed for a spot bitcoin ETF called Wise Origin Bitcoin Trust, rejoining the competition for approval from the SEC. This move comes after BlackRock's recent announcement of its own plans for a spot bitcoin ETF, spurring other fund companies like Bitwise, WisdomTree, Invesco, Valkyrie, and VanEck to also renew their efforts. Although Fidelity's previous attempt was rejected by the SEC in January 2022, the company's active involvement in the cryptocurrency space and its digital assets division signal a continued interest in this growing

Blockworks - 1151 ngày trước

Mastercard Drives Innovation in Crypto Sector with Beta Launch of their Blockchain App Store

Mastercard is set to launch a beta version of its Multi-Token Network (MTN) this summer in the UK. The goal is to test pilot applications with financial institutions, fintechs, and central banks. Built on Ethereum, the permissioned blockchain aims to enhance Mastercard's payment capabilities. Developers are encouraged to participate in the MTN Innovation Sprint, focusing on building apps starting with tokenized bank deposits. Mastercard prioritizes safety and security, particularly in the wake of recent hacking incidents. Additionally, the company has partnered with crypto exchanges to enable debit or prepaid cards for purchasing digital assets.

Blockworks - 1152 ngày trước

North Carolina House Takes Positive Step towards Studying Virtual Currency, Including Bitcoin

North Carolina's House of Representatives has passed House Bill 721, which includes provisions to study the acquisition and benefits of virtual currency, focusing on Bitcoin. The bill aims to examine securely holding, insuring, and liquidating virtual currency for the state. The study will evaluate the potential impact of allocating funds to virtual currency to hedge against inflation, reduce volatility, and increase returns. The bill also emphasizes assessing costs, benefits, and security measures of different depository options. North Carolina is taking a proactive approach to studying Bitcoin and its potential advantages.

Bitcoin Magazine - 1152 ngày trước

Sony Network Communications Partners with Startale Labs for Advancing Web3 Solutions through $3.5 Million Investment

Sony Network Communications, a subsidiary of Sony, has announced a $3.5 million investment in Web3 infrastructure tech company Startale Labs. The partnership aims to develop Web3 services and products, focusing on bridging real-world assets with the Web3 ecosystem. Sony's involvement will allow Startale Labs to learn and leverage new opportunities. Jun Watanabe, president of Sony Network Communications, has been appointed as director of Startale Labs. Sony's engagement in Web3 initiatives extends beyond its fiber optic internet service provider role to include nonfungible tokens (NFTs).

cointelegraph - 1152 ngày trước

UK Law Commission Introduces New Property Law Category for Crypto Assets

UK Law Commission proposes new category of personal property to accommodate crypto assets, including digital objects like cryptocurrencies and NFTs. The Commission suggests creating a panel of experts to advise courts on legal issues related to digital assets. These steps align with the UK government's goal of becoming a global crypto hub. The report also highlights the need for a bespoke legal framework for collateral arrangements involving crypto assets. The recommendations aim to provide more protection for crypto holders and support the growth of the UK tech industry.

Reuters - 1152 ngày trước

Partnership Between Tether and Georgia Aims to Develop Robust Bitcoin and P2P Payment Systems

Stablecoin issuer Tether and the government of Georgia have signed an MoU to collaborate on developing Bitcoin and P2P infrastructure. The partnership aims to attract international investment, educate on Bitcoin and blockchain, build payment infrastructure for merchants, and establish a resilient P2P communication system. The collaboration also intends to create an autonomous financial and communication system, improve existing infrastructure, and support blockchain-based solutions. Georgia will establish a special fund for local startups to foster blockchain technology development and position the country as an appealing ecosystem for tech startups.

cointelegraph - 1152 ngày trước

Crypto Literacy Set to Surge as 92% of People Worldwide Are Familiar with Cryptocurrencies, Survey Shows

A recent survey conducted by ConsenSys and YouGov reveals that 92% of people worldwide are aware of cryptocurrencies, like Bitcoin, with developing regions showing strong recognition and interest. Over 70% of respondents in Nigeria accurately guessed the definition of a blockchain. However, only 8% of those surveyed are familiar with the concept of Web3. In countries facing currency instability, such as Argentina, 56% of respondents expressed a higher likelihood of owning cryptocurrencies. As web3 projects gain traction, crypto literacy rates are expected to increase.

newsbtc - 1153 ngày trước

Macro Guru Raoul Pal Anticipates Cryptocurrencies to Shine Brighter Than Stocks and Tech Equities

Real Vision CEO Raoul Pal predicts that cryptocurrencies will outperform stocks and tech equities as global liquidity continues to rise. He believes crypto will be the best-performing asset class due to the debasement and liquidity cycle. Pal also highlights the US Investor Intelligence Sentiment Survey, indicating depressed sentiment metrics and a strategic buy signal for equities. While he anticipates a correction in the stock market following a significant rally, Pal expects market liquidity to increase, potentially fueling a surge in cryptocurrencies.

The Daily Hodl - 1153 ngày trước

Grayscale's Bitcoin and Ethereum Funds Generate Remarkable Revenue

Grayscale, a prominent asset manager in the cryptocurrency space, reported its highest estimated revenues since May 2022. The company earned approximately $44.13 million from its Grayscale Bitcoin Trust (GBTC) and Ethereum fund, ETHE. This comes as several other asset managers are entering the crypto fund market with spot bitcoin ETFs. Grayscale is also seeking to upgrade GBTC to a spot bitcoin ETF, but faces a legal battle with the U.S. Securities and Exchange Commission. The competition and potential upgrade may impact Grayscale's valuation and lead to fee reductions and potential outflows.

theblock - 1153 ngày trước

Jeremy Allaire, CEO of Circle, Holds Positive Outlook for Bitcoin ETFs' Approval

Circle's CEO, Jeremy Allaire, is optimistic about the approval of Bitcoin exchange-traded funds (ETFs) due to progress in addressing regulatory concerns. He cites mature spot markets, regulated custody infrastructure, and improved market surveillance as factors supporting approval. U.S. SEC has received ETF applications from prominent asset managers like BlackRock and Invesco. The success of ProShares' Bitcoin Strategy ETF, a bitcoin futures fund, with a weekly inflow of $65 million, indicates ongoing investor interest. Allaire also notes the demand for digital dollars in emerging markets, with Singapore and Hong Kong playing significant roles.

coindesk - 1153 ngày trước

Asset Management Titans with $27T AUM Show Strong Support for Crypto, According to CoinShares CSO

Major US financial institutions with $27 trillion in assets under management are actively seeking exposure to Bitcoin and other cryptocurrencies. Companies such as BlackRock, Fidelity, JP Morgan, Morgan Stanley, Goldman Sachs, BNY Mellon, Invesco, and Bank of America are signaling their interest in digital assets. CoinShares chief strategy officer (CSO), Meltem Demirors, emphasized the growing involvement of institutions in the crypto space. While the $27 trillion represents a substantial amount, only a fraction of it is likely to be allocated to crypto investments.

cointelegraph - 1154 ngày trước

Riot Platforms and MicroBT Join Forces to Drive Bitcoin Mining Innovation in the US

Riot Platforms, the largest US Bitcoin mining company, has announced a partnership with MicroBT, a Bitcoin ASIC manufacturer. The collaboration will bring MicroBT's ASIC production to America, aiming to secure miners for Riot's Corsicana facility and significantly boost its mining capabilities. The partnership will increase Riot's self-mining hash rate capacity by approximately 61% to over 20 EH-s by mid-2024. This move also strengthens the US supply chain and creates job opportunities. The collaboration is a significant milestone for the Bitcoin mining industry and sets the stage for future growth in the U.S.

bitcoinmagazine - 1154 ngày trước

Crypto Investment Products Experience Robust $199 Million Inflows, Bitcoin Dominates with 94%

The crypto market has experienced a surge in activity, driven by the excitement surrounding ETFs. New participants have entered the market, while existing ones continue to invest. CoinShares' weekly report reveals the largest single-week inflows since July 2022, totaling $199 million. Bitcoin emerged as the biggest beneficiary, with 94% of the inflows. Ethereum and a multi-asset basket also recorded positive inflows. Although altcoins saw minor inflows, overall market sentiment remains positive. BlackRock is leading the race for ETF approval, but ARK Investment is ahead with its Bitcoin ETF application.

coinshares - 1154 ngày trước

Glassnode Report Reveals 96.9% of Bitcoin Short-Term Holders Enjoy Profitability

Bitcoin short-term holders are reaping the benefits of the recent rally, with 96.9% of them now in profit, according to on-chain data from Glassnode. These short-term holders, who have held their coins for less than 155 days, are seeing unrealized gains as the price surpasses $30,000. While there is a risk of profit-taking leading to mass selling, historical data shows that previous instances of high profits have not necessarily resulted in a slowdown of the price rise. The market's ability to absorb profit-taking remains to be seen.

Bitcoinist.com - 1154 ngày trước

Ark Invest Anticipates BlackRock's Bitcoin ETF Filing as a Game-Changer for Institutional Investors

BlackRock's recent filing for a bitcoin ETF is seen as a significant milestone towards institutional acceptance, according to Ark Invest. The move indicates that major institutional players have a positive long-term outlook for the digital asset. Following BlackRock's filing, other asset managers like Invesco, WisdomTree, and Valkyrie have also expressed interest in launching their own spot bitcoin funds. BlackRock's collaboration with Nasdaq to establish a unique surveillance-sharing agreement to prevent market manipulation sets a precedent for other applicants to follow suit.

theblock - 1154 ngày trước

Alibaba Cloud and NEAR Foundation Empower Web3 Growth in Asia through Strategic Alliance

NEAR Foundation, the non-profit organization responsible for developing the NEAR protocol ecosystem, has partnered with Alibaba Cloud to accelerate Web3 growth in Asia and the Middle East. This collaboration allows NEAR Foundation to access Alibaba Cloud's developer ecosystem, attracting more developers to build on the NEAR protocol. The partnership offers developers the opportunity to launch new NEAR validators using Alibaba Cloud's infrastructure and provides services like remote procedure calls and multi-chain indexing. NEAR's price surged 8% to $1.57 following the announcement, reflecting positive market sentiment.

coindesk - 1154 ngày trước

ProShares' Bitcoin Strategy ETF (BITO) Witnesses Significant Inflows, Reflecting Institutional Investors' Enthusiasm

Institutional investors are showing increased interest in Bitcoin as a result of multiple Bitcoin exchange-traded fund (ETF) filings in the United States. ProShares' Bitcoin Strategy ETF (BITO) experienced a surge in inflows, attracting over $65 million in the past week. The regulated fund allows investors to gain exposure to bitcoin-linked returns and currently holds more than $1 billion worth of CME Bitcoin Futures. The strong performance of BITO, which closely tracks spot bitcoin prices, suggests growing demand for bitcoin exposure among institutional investors amidst the Bitcoin ETF excitement in the U.S.

coindesk - 1155 ngày trước

Japan Adopts Crypto-Friendly Tax Approach, Bolstering Digital Economy

Japanese tax authorities have announced a more lenient approach to taxing crypto assets, specifically regarding unrealized gains from cryptocurrencies issued by companies themselves. The change aims to facilitate the growth of cryptocurrency-related businesses in Japan. Previously, companies holding cryptocurrencies were taxed on unrealized gains at the end of the tax year, causing financial burdens. By excluding the valuation of self-issued digital currency from market valuation calculations, companies can now operate without this added pressure. This move reinforces Japan's commitment to becoming a prominent hub for digital assets.

CoinGape - 1155 ngày trước

Crypto Exchange Mercado Bitcoin Joins Brazilian Central Bank's CBDC Pilot Alongside Mastercard

Brazil's central bank has authorized Mercado Bitcoin, the country's largest crypto exchange, to participate in the pilot of the digital real, Brazil's central bank digital currency (CBDC). The consortium led by Mercado Bitcoin includes Mastercard, Genial, Cerc, and Sinqia as partners. Additionally, state-owned Brazilian bank Caixa, card provider Elo, and Microsoft have been given the green light to participate in the CBDC pilot. The central bank aims to incorporate participants into the Real Digital Pilot platform in mid-June 2023, with plans to roll out the CBDC by 2024 to increase financial system participation.

coindesk - 1156 ngày trước

Bitcoin Could Surge Over 30% To Hit $40,000 Predicts On-Chain Analyst Willy Woo

Bitcoin (BTC) may have more room to grow as it crosses the $30,000 mark, according to popular on-chain analyst Willy Woo. He suggests that Bitcoin could increase by over 30% before becoming overbought, potentially reaching $40,000. Woo believes that veteran traders are accumulating Bitcoin during price dips and betting on a downtrend in the US dollar index. Woo also points out that the recent rally in Bitcoin is attributed to professionals accumulating during a price decline, leading to a short squeeze in the market.

The Daily Hodl - 1156 ngày trước

Hong Kong's SFC Chief Emphasizes Significance of Crypto Trading in Virtual Asset Landscape

Hong Kong's embrace of Web3 regulation has paved the way for a positive future in the virtual asset ecosystem. CEO Julia Leung Fung-yee of the Securities and Futures Commission highlighted the importance of crypto trading and its integration into the regulatory system. The new licensing scheme ensures investor protection and market trust, while also promoting innovation. Hong Kong's approach stands in contrast to China's crypto ban, making it an attractive destination for Web3 firms. The government's investment in Web3 development has already attracted over 150 firms to establish operations in Hong Kong's Cyberport.

cointelegraph - 1156 ngày trước