HongKongCrypto
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๐ A new twist in the crypto world!
The People's Bank of China has published a fresh report on financial stability for 2024 and has directly stated: regulation of the cryptocurrency market is no longer a matter of choice, but a necessity. ๐ผ๐
๐ค China invites the global community to unite to monitor crypto transactions. The goal? To make the market safer and more transparent.
Here's what else is interesting:
51 jurisdictions have already introduced bans or restrictions on cryptocurrencies.
Hong Kong, on the contrary, ๐ ๏ธ is developing rules and licenses for digital assets, striving to become a regional crypto hub.
โ ๏ธ Risks of cryptocurrencies:
The report notes that their popularity in payments and retail investments is growing. On the one hand, this provides new opportunities, and on the other, it can pose financial threats to some economies.
๐ฏ What does this mean for us? The world is moving towards control and responsibility in the crypto sphere. The only question is who will have time to adapt and who will be left behind.
What do you think, will this be a step towards greater stability or a blow to market freedom? Write your thoughts! ๐
#CryptoRegulation
#BlockchainFuture
#FinancialStability
#CryptoNews
#HongKongCrypto
The People's Bank of China has published a fresh report on financial stability for 2024 and has directly stated: regulation of the cryptocurrency market is no longer a matter of choice, but a necessity. ๐ผ๐
๐ค China invites the global community to unite to monitor crypto transactions. The goal? To make the market safer and more transparent.
Here's what else is interesting:
51 jurisdictions have already introduced bans or restrictions on cryptocurrencies.
Hong Kong, on the contrary, ๐ ๏ธ is developing rules and licenses for digital assets, striving to become a regional crypto hub.
โ ๏ธ Risks of cryptocurrencies:
The report notes that their popularity in payments and retail investments is growing. On the one hand, this provides new opportunities, and on the other, it can pose financial threats to some economies.
๐ฏ What does this mean for us? The world is moving towards control and responsibility in the crypto sphere. The only question is who will have time to adapt and who will be left behind.
What do you think, will this be a step towards greater stability or a blow to market freedom? Write your thoughts! ๐
#CryptoRegulation
#BlockchainFuture
#FinancialStability
#CryptoNews
#HongKongCrypto
IceMann:
ะฟัะฐะฒะธัะตะปัััะฒะพ = ะผะฐัะธั
MARKET MOVING NEWS (27/12/24)
๐ MARKET MOVING NEWS! (27/12/24)
1๏ธโฃ Hong Kong Stablecoins Bill Advances To The Legislative Council โถ๏ธ
#HongKongCrypto
Hong Kongโs proposed Stablecoins Bill has reportedly entered the Legislative Council, moving it closer to becoming law. Specifically, it must go through three readings, which comprise a series of debates, examinations and potential amendments. When the bill passes the third reading, it will be forwarded to the regionโs chief executive, who can sign it into law. The bill was forwarded to the Legislative Council for its first reading on Dec. 18th.
2๏ธโฃ Asset Manager Strive Files For โBitcoin Bondโ ETF ๐ธ
#bitcoinbond
Asset manager Strive is reportedly seeking permission from regulators to list an exchange-traded fund (ETF) investing in convertible bonds issued by MicroStrategy and other corporate Bitcoin buyers. The filing states that the Strive Bitcoin Bond ETF will be actively managed and gain exposure to Bitcoin bonds either directly or through financial derivatives such as swaps and options. Strive has not yet revealed the management fees investors will be charged. Notably, Strive was founded by Vivek Ramaswamy, an outspoken ally of President-elect Donald Trump.
3๏ธโฃ Ethereum Co-Founder Vitalik Buterin 'Adopts' Viral Pygmy Hippo Moo Deng With $293,000 Donation To Thai Zoo ๐ฆ
#VitalikButerin
Ethereum co-founder Vitalik Buterin has reportedly become the "adoptive father" of Moo Deng, a pygmy hippopotamus that became a viral internet sensation. The adoption follows Buterinโs donation of at least 10,000,000 Thai baht (roughly $293,000 USD or 88 ETH) to the Khao Kheow Open Zoo. The zoo stated that the donation will support "the operations of Khao Kheow Open Zoo, the Wildlife Sponsorship Program, and the development of a dedicated exhibit for Moo Deng and her family."
Acknowledging the adoption, Buterin tweeted,
On behalf of the whole Ethereum ecosystem, I would like to offer our thanks and a gesture of friendship to all of the country...What better way to do that than through a Christmas present to someone who is dear to all Thai people, Moo Deng, and who has become one of the most unexpected and important Thai celebrities on the world stage.
4๏ธโฃ Bitwise Files For ETF Tracking Firms With Big Bitcoin Treasuries โผ๏ธ
#BitwiseETF
ETF issuer Bitwise has reportedly submitted a proposal to introduce a new fund designed to invest in companies โthat have adopted the โBitcoin standard.โโ Specifically, the ETF seeks to invest in publicly traded companies that hold at least 1,000 BTC in their corporate treasuries. It also stipulates that the Bitcoin-holding firms in the ETF would be required to have a market capitalisation of at least $100 million, a minimum average daily liquidity of at least $1 million and a public free float of under 10%. The ETF named โthe Bitwise Bitcoin Standard Corporations ETFโ will reportedly purchase shares in the qualifying companies weighted not by the companies' market capitalizations but by the value of their bitcoin holdings.
5๏ธโฃ Tether Makes First Crypto VC Fund Investment Into Arcanum Capital ๐ฐ
Stablecoin issuer Tether has reportedly made an investment of $2 million into Arcanum Capitalโs Arcanum Emerging Technologies Fund II - a tokenized investment vehicle specialising in decentralised Web3 projects. Notably, this also marks Tetherโs first crypto venture capital fund investment. This is the latest in a string of diversification moves from the stablecoin issuer.
#CryptoAMA
1๏ธโฃ Hong Kong Stablecoins Bill Advances To The Legislative Council โถ๏ธ
#HongKongCrypto
Hong Kongโs proposed Stablecoins Bill has reportedly entered the Legislative Council, moving it closer to becoming law. Specifically, it must go through three readings, which comprise a series of debates, examinations and potential amendments. When the bill passes the third reading, it will be forwarded to the regionโs chief executive, who can sign it into law. The bill was forwarded to the Legislative Council for its first reading on Dec. 18th.
2๏ธโฃ Asset Manager Strive Files For โBitcoin Bondโ ETF ๐ธ
#bitcoinbond
Asset manager Strive is reportedly seeking permission from regulators to list an exchange-traded fund (ETF) investing in convertible bonds issued by MicroStrategy and other corporate Bitcoin buyers. The filing states that the Strive Bitcoin Bond ETF will be actively managed and gain exposure to Bitcoin bonds either directly or through financial derivatives such as swaps and options. Strive has not yet revealed the management fees investors will be charged. Notably, Strive was founded by Vivek Ramaswamy, an outspoken ally of President-elect Donald Trump.
3๏ธโฃ Ethereum Co-Founder Vitalik Buterin 'Adopts' Viral Pygmy Hippo Moo Deng With $293,000 Donation To Thai Zoo ๐ฆ
#VitalikButerin
Ethereum co-founder Vitalik Buterin has reportedly become the "adoptive father" of Moo Deng, a pygmy hippopotamus that became a viral internet sensation. The adoption follows Buterinโs donation of at least 10,000,000 Thai baht (roughly $293,000 USD or 88 ETH) to the Khao Kheow Open Zoo. The zoo stated that the donation will support "the operations of Khao Kheow Open Zoo, the Wildlife Sponsorship Program, and the development of a dedicated exhibit for Moo Deng and her family."
Acknowledging the adoption, Buterin tweeted,
On behalf of the whole Ethereum ecosystem, I would like to offer our thanks and a gesture of friendship to all of the country...What better way to do that than through a Christmas present to someone who is dear to all Thai people, Moo Deng, and who has become one of the most unexpected and important Thai celebrities on the world stage.
4๏ธโฃ Bitwise Files For ETF Tracking Firms With Big Bitcoin Treasuries โผ๏ธ
#BitwiseETF
ETF issuer Bitwise has reportedly submitted a proposal to introduce a new fund designed to invest in companies โthat have adopted the โBitcoin standard.โโ Specifically, the ETF seeks to invest in publicly traded companies that hold at least 1,000 BTC in their corporate treasuries. It also stipulates that the Bitcoin-holding firms in the ETF would be required to have a market capitalisation of at least $100 million, a minimum average daily liquidity of at least $1 million and a public free float of under 10%. The ETF named โthe Bitwise Bitcoin Standard Corporations ETFโ will reportedly purchase shares in the qualifying companies weighted not by the companies' market capitalizations but by the value of their bitcoin holdings.
5๏ธโฃ Tether Makes First Crypto VC Fund Investment Into Arcanum Capital ๐ฐ
Stablecoin issuer Tether has reportedly made an investment of $2 million into Arcanum Capitalโs Arcanum Emerging Technologies Fund II - a tokenized investment vehicle specialising in decentralised Web3 projects. Notably, this also marks Tetherโs first crypto venture capital fund investment. This is the latest in a string of diversification moves from the stablecoin issuer.
#CryptoAMA