In a bold move to enhance its attractiveness as a financial and cryptocurrency epicenter, Hong Kong is contemplating a series of tax exemptions tailored for hedge funds, private equity funds, and affluent family offices. This proposal, recently highlighted by the Financial Times, underscores the government’s intent to cultivate an environment favorable to global asset managers
In a significant move reflecting the growing acceptance of cryptocurrencies, Vancouver Mayor Ken Sim has laid out a proposal to integrate Bitcoin (BTC) into the city’s financial assets. This initiative, unveiled during a city council meeting on November 26, aims not only to diversify Vancouver’s investment portfolio but also to position the city as a
Bitcoin has consistently grappled with the crucial psychological barrier of $100,000. The cryptocurrency came incredibly close, missing this milestone by a mere $500 on November 20, only to subsequently fall approximately 5% to about $95,719 by November 28. Such price behavior indicates a significant resistance level where many investors are hesitant to push beyond. Despite
In the vibrant cosmos of cryptocurrency, Bitcoin has once again made headlines by reaching new all-time highs, capturing widespread attention in the financial world. However, the secondary heavyweight, Ethereum (ETH), has not mirrored this upward trajectory. Instead, it appears to be sluggish, leading some analysts to explore whether Ethereum’s stalling price might signal the end
Celo, a notable Layer-1 blockchain, has recently garnered attention due to its plan to transition to an Ethereum Layer-2 network as part of Optimism’s Superchain ecosystem. However, the announcement has created ripples of concern, evident from a 5% decline in its native token, CELO, following uncertainty around the migration. This shift aims to leverage Ethereum’s
Bitcoin, the cryptocurrency that has revolutionized the financial landscape, is currently navigating through a wave of uncertainty. Investors are increasingly concerned about its price volatility, particularly in light of ongoing predictions regarding a potential drop in the global M2 money supply. As of now, Bitcoin’s value has fallen to approximately $92,864, marking an almost 9%
In recent developments in the world of cryptocurrency investments, Bitwise Asset Management has taken a bold step by submitting a proposal to the U.S. Securities and Exchange Commission (SEC) for a new exchange-traded fund (ETF) that builds on their existing 10 Crypto Index Fund. This strategic move is set against the backdrop of a rapidly
In recent years, particularly post-Donald Trump’s tenure, the conversation around Bitcoin has shifted from niche investments to critical components of national strategy. With various sectors recognizing cryptocurrency’s potential, the proposal of leveraging Bitcoin in the U.S. economic framework has gained traction. This shift is underscored by the growing calls from industry stakeholders, such as MARA
Kraken, one of the most prominent players in the cryptocurrency exchange realm, has announced the closure of its NFT marketplace, marking a significant pivot in the company’s strategy. This decision, effective after a three-month withdrawal phase initiated on November 27, stems from a desire to redirect resources towards projects aligned with Kraken’s long-term vision, including
The digital asset landscape has been characterized by a turbulent regulatory climate over recent years, primarily dominated by the Securities and Exchange Commission (SEC). This agency has frequently found itself at odds with the burgeoning cryptocurrency community, often perceived as a formidable barrier to innovation in the sector. However, a transformative shift appears to be