HongKongCryptoHub
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Hong Kong Legislative Council member Johnny Ng expressed, "We are visiting Hong Kong to explore investment opportunities, and we expect Hong Kong to become a hub for regulatory compliant cryptocurrency companies." đđŒ #HongKongCryptoHub #CryptocurrencyInvestment
**Breaking News:** đ As the anticipation for the approval of a Bitcoin spot ETF grows, Hong Kong emerges as a potential hub for BTC spot ETFs, with industry experts suggesting the city's open attitude toward the digital asset industry positions it favorably to lead the way in Asia. Hong Kong could become the first in the region to allow BTC spot ETFs, signaling a shift in the cryptocurrency industry's focus from the West to the East, with Korea, Hong Kong, and Japan expected to lead the way. đđŒ #BitcoinETF #HongKongCryptoHub
Here are some of my positions that i closed 3 days ago, yes the TRB close is a big shame but you have to take profits in futures because of the funding rate eating your position if longs pay shorts. Today i am slowly going all long again, the correction cant go on forever, especially after HongKong published guideliness on how to make bitcoin ETF approvable, essentially telling HongKong economy, if you keep up with these rules, we will approve and support bitcoin etf's.
Dont expect bitcoin to go 35k area, if another correction awaits its not going to be a big bloodbath.
Follow me for more news, articles and even signals in the futuređ€. Good luck đ
#BTCETFApproval #HongKongCryptoHub #newetfguidelines
Dont expect bitcoin to go 35k area, if another correction awaits its not going to be a big bloodbath.
Follow me for more news, articles and even signals in the futuređ€. Good luck đ
#BTCETFApproval #HongKongCryptoHub #newetfguidelines
đŁ Exciting news from Hong Kong! đ Cryptocurrency prices surge as the city's securities regulator announces retail trading of select crypto assets starting June 1. Bitcoin climbs 1.7% to $27,293.64, while Ether rises over 2% to $1,855.28. Hong Kong aims to establish itself as a global crypto hub, setting a contrasting path to China's ban and the U.S.'s regulatory shift. Get ready for potential volume uptick in June! #cryptocurrency #HongKongCryptoHub
Zodia Custody, a crypto custody firm backed by Standard Chartered, to launch local services in Hong Kong, catering to institutional demand. CEO Julian Sawyer sees Hong Kong as an ideal environment and a hub for crypto's future. Licensing discussions with HKMA and SFC are ongoing. đŠđđ° #CryptoCustody #HongKongCryptoHub
Hong Kong Securities and Futures Commission (SFC) Chairman Julia Leung has expressed interest in enabling the listing of cryptocurrency spot ETFs to position Hong Kong as a cryptocurrency hub in the Asia-Pacific region. The SFC is actively considering allowing individual investors to invest in cryptocurrency spot ETFs as part of its commitment to embracing innovative technologies that enhance efficiency and consumer experiences while managing risks effectively. đđ°đŠđȘ #CryptocurrencyETFs #HongKongCryptoHub
đ Breaking News: Hong Kong Approves Bitcoin and Ethereum ETFs! đ
Exciting news, folks! The Hong Kong Securities and Futures Commission (SFC) has given the green light for several spot Bitcoin and Ethereum exchange-traded funds (ETFs), signaling a major leap forward for the region's crypto market. đđ°
Big players like China Asset Management, Bosera Capital, and HashKey Capital Limited are stepping up, with Harvest Global Investments also in the mix. These ETFs are set to launch through partnerships with OSL Digital Securities, aiming to address market challenges and provide new opportunities for asset allocation. đđŒ
This move solidifies Hong Kong's position as an international financial center and a hub for virtual assets, setting the stage for a brighter future in crypto investment. đđ
So, buckle up, fellow crypto aficionados! The future of digital asset investment just got a whole lot brighter in Hong Kong. Let's watch this space as these ETFs prepare to launch and reshape the landscape of crypto investment in the region! đđ
#HongKongCryptoHub #BullorBear #bitcoinhalving
Exciting news, folks! The Hong Kong Securities and Futures Commission (SFC) has given the green light for several spot Bitcoin and Ethereum exchange-traded funds (ETFs), signaling a major leap forward for the region's crypto market. đđ°
Big players like China Asset Management, Bosera Capital, and HashKey Capital Limited are stepping up, with Harvest Global Investments also in the mix. These ETFs are set to launch through partnerships with OSL Digital Securities, aiming to address market challenges and provide new opportunities for asset allocation. đđŒ
This move solidifies Hong Kong's position as an international financial center and a hub for virtual assets, setting the stage for a brighter future in crypto investment. đđ
So, buckle up, fellow crypto aficionados! The future of digital asset investment just got a whole lot brighter in Hong Kong. Let's watch this space as these ETFs prepare to launch and reshape the landscape of crypto investment in the region! đđ
#HongKongCryptoHub #BullorBear #bitcoinhalving
It has been said that 60,000 is not the lowest point, and now is not the time to take the long position, because you will find that the decline is very fast, and there will be risky to take the long positions. Anyone with trading knowledge will not let you take the long positions and keep holdding them in a day, because it is obvious that BTC has pulled back at 58,000 for 4 times, and it is impossible to rise from around 58,000 this time⌠This the most basic trading common knowledge⌠According to this trend, we just can take the long position in short period, but this is a rsiky operation. #HongKongCryptoHub #MayMarketHighlights #Megadrop #bitcoin
Exploring the Concerns Behind Hong Kong Regulator's Caution on Floki Staking Program
- The Securities and Futures Commission (SFC) has reportedly labeled Floki's staking program as a 'suspicious investment product'.
- Floki's team has decided to halt access to its Floki and TokenFi staking programs for users located in Hong Kong until further notice.
- This action follows previous warnings issued by the Hong Kong SFC cautioning investors about the risks associated with investing in high-risk and unregulated virtual asset platforms.
The meme cryptocurrency project Floki has faced regulatory scrutiny from the Hong Kong Securities and Futures Commission (SFC), following allegations regarding its token staking program's classification as a 'suspicious investment product'. In response, Floki's team has taken proactive measures, including halting access to the staking programs for users in the region until further notice.
Floki's response to the allegations was articulated in a statement released via Medium, where the team acknowledged the concerns raised by the SFC and outlined steps taken to address regulatory uncertainties. This included preventing Hong Kong users from participating in the staking programs, issuing warning notices, and halting offline marketing activities in the region. The team also clarified that the high annualized percentage yield (APY) of the staking program is maintained through a unique reward structure utilizing $TOKEN derived from the sister project TokenFi.
The Hong Kong SFC's cautionary stance on high-risk and unregulated virtual asset platforms has been reiterated, warning investors about the lack of regulatory oversight and protection for such investments. This advisory was previously issued in December 2022.
In terms of price action, FLOKI is currently priced at $0.00002938 with a 24-hour trading volume of $10,325,692.03. While showing a 2.06% increase over the past 24 hours and a 5.24% rise over the last 7 days, FLOKI's performance remains relatively subdued compared to the broader cryptocurrency market, experiencing a 5.40% surge in the past week. Notably, it trails behind similar cryptocurrencies within the Ethereum Ecosystem, which have seen an average gain of 12.70%.
Disclaimer: While Voice of Crypto endeavors to provide accurate and timely information, it cannot be held liable for any omissions or inaccuracies. Investors are advised to conduct thorough research and exercise caution when dealing with highly volatile financial assets like cryptocurrencies.
#HongKongCryptoHub #SFC #Floki #Crypto2024 #cryptocurrency
$FLOKI
- Floki's team has decided to halt access to its Floki and TokenFi staking programs for users located in Hong Kong until further notice.
- This action follows previous warnings issued by the Hong Kong SFC cautioning investors about the risks associated with investing in high-risk and unregulated virtual asset platforms.
The meme cryptocurrency project Floki has faced regulatory scrutiny from the Hong Kong Securities and Futures Commission (SFC), following allegations regarding its token staking program's classification as a 'suspicious investment product'. In response, Floki's team has taken proactive measures, including halting access to the staking programs for users in the region until further notice.
Floki's response to the allegations was articulated in a statement released via Medium, where the team acknowledged the concerns raised by the SFC and outlined steps taken to address regulatory uncertainties. This included preventing Hong Kong users from participating in the staking programs, issuing warning notices, and halting offline marketing activities in the region. The team also clarified that the high annualized percentage yield (APY) of the staking program is maintained through a unique reward structure utilizing $TOKEN derived from the sister project TokenFi.
The Hong Kong SFC's cautionary stance on high-risk and unregulated virtual asset platforms has been reiterated, warning investors about the lack of regulatory oversight and protection for such investments. This advisory was previously issued in December 2022.
In terms of price action, FLOKI is currently priced at $0.00002938 with a 24-hour trading volume of $10,325,692.03. While showing a 2.06% increase over the past 24 hours and a 5.24% rise over the last 7 days, FLOKI's performance remains relatively subdued compared to the broader cryptocurrency market, experiencing a 5.40% surge in the past week. Notably, it trails behind similar cryptocurrencies within the Ethereum Ecosystem, which have seen an average gain of 12.70%.
Disclaimer: While Voice of Crypto endeavors to provide accurate and timely information, it cannot be held liable for any omissions or inaccuracies. Investors are advised to conduct thorough research and exercise caution when dealing with highly volatile financial assets like cryptocurrencies.
#HongKongCryptoHub #SFC #Floki #Crypto2024 #cryptocurrency
$FLOKI
The launch of the first Bitcoin and Ethereum ETFs in Hong Kong is a significant development for a few reasons:
Increased Accessibility: ETFs allow traditional investors to gain exposure to Bitcoin and Ethereum without directly buying and holding the cryptocurrency. This could lead to wider adoption and potentially more stable prices.
Legitimization: Regulatory approval by Hong Kong, a major financial center, legitimizes cryptocurrency and could encourage other financial institutions to offer similar products.
Potential for Growth: The Hong Kong ETFs could attract significant investment, potentially driving up the price of Bitcoin and Ethereum. This is especially interesting since the news just broke today, April 15th, 2024.
However, there are also some things to consider:
Limited Scope: Currently, the ETFs only track Bitcoin and Ethereum, the two most established cryptocurrencies. Investors looking for exposure to a wider range of cryptos might need to look elsewhere.
Regulations: The specific regulations surrounding these ETFs are still emerging. Investors should understand the fees, liquidity, and potential risks involved before investing.
Market Volatility: The cryptocurrency market remains volatile, and the price of Bitcoin and Ethereum could still fluctuate significantly, even with the ETFs in place.
Overall, the Hong Kong Bitcoin ETF launch is a positive development for the cryptocurrency industry. It increases accessibility, legitimizes the asset class, and has the potential to drive growth. However, investors should still approach cryptocurrency with caution and do their own research before investing.
#bitcoinhalving #etf #HongKong2024 #HongKongCryptoHub
Increased Accessibility: ETFs allow traditional investors to gain exposure to Bitcoin and Ethereum without directly buying and holding the cryptocurrency. This could lead to wider adoption and potentially more stable prices.
Legitimization: Regulatory approval by Hong Kong, a major financial center, legitimizes cryptocurrency and could encourage other financial institutions to offer similar products.
Potential for Growth: The Hong Kong ETFs could attract significant investment, potentially driving up the price of Bitcoin and Ethereum. This is especially interesting since the news just broke today, April 15th, 2024.
However, there are also some things to consider:
Limited Scope: Currently, the ETFs only track Bitcoin and Ethereum, the two most established cryptocurrencies. Investors looking for exposure to a wider range of cryptos might need to look elsewhere.
Regulations: The specific regulations surrounding these ETFs are still emerging. Investors should understand the fees, liquidity, and potential risks involved before investing.
Market Volatility: The cryptocurrency market remains volatile, and the price of Bitcoin and Ethereum could still fluctuate significantly, even with the ETFs in place.
Overall, the Hong Kong Bitcoin ETF launch is a positive development for the cryptocurrency industry. It increases accessibility, legitimizes the asset class, and has the potential to drive growth. However, investors should still approach cryptocurrency with caution and do their own research before investing.
#bitcoinhalving #etf #HongKong2024 #HongKongCryptoHub
đ Hong Kong Digital Asset Agency Removes XRP From Its Top 5 Crypto Index đ
The Hong Kong Virtual Asset Consortium (HKVAC) is steering the crypto wave with a major reshuffling in its core cryptocurrency index. đ XRP bids farewell to the Top 5 Large Cryptocurrency Index, making way for the surging Solana (SOL). The changes are set to kick in from January 19, 2024, and they speak volumes about the evolving landscape of the crypto market.
Solana Surges: A Remarkable Comeback!
Solana (SOL) is on fire, making significant strides in the crypto realm. After the 2022 collapse of the FTX crypto exchange, SOL faced a severe setback, plummeting over 95% to below $10. However, the resilient cryptocurrency has staged a remarkable comeback, outpacing major players like XRP. đ SOL boasts a staggering 436.5% surge over the past year and currently ranks as the fifth-largest cryptocurrency with a market cap of $39.92 billion.
XRP's Demotion: Factors at Play
XRP, once a frontrunner, has faced a dip in fortunes, only witnessing a 51.5% surge in the same timeframe. As of now, it sits as the sixth-largest cryptocurrency, sporting a valuation of $31.23 billion. The recent 3.9% dip in the past 24 hours has contributed to its relegation.
đ The HKVAC's decision to remove XRP from its Top 5 index emphasizes the agency's consideration of factors beyond market capitalization, including market valuation, investability, and liquidity.
đ Global Impact: HKVAC's Ripple Effect
While reflecting the world's crypto ranking by market cap, HKVAC's index reshuffling extends beyond XRP and Solana. Binance USD (BUSD), Filecoin (FIL), Maker (MKR), Ivy (IVY), and TrueUSD (TUSD) also experience shifts in the Global Large Cryptocurrency Index. Near Protocol (NEAR), Internet Computer (ICP), Immutable (IMX), Optimism (OP), and Injective (INJ) step into the limelight, reshaping the crypto landscape.
đ Stay Informed, Stay Ahead! Follow The Blockopedia for Crypto Insights! đĄđ°
#HongKongCryptoHub #ETFApproved #trendingtoday #cryptocurrency #crypto2024
The Hong Kong Virtual Asset Consortium (HKVAC) is steering the crypto wave with a major reshuffling in its core cryptocurrency index. đ XRP bids farewell to the Top 5 Large Cryptocurrency Index, making way for the surging Solana (SOL). The changes are set to kick in from January 19, 2024, and they speak volumes about the evolving landscape of the crypto market.
Solana Surges: A Remarkable Comeback!
Solana (SOL) is on fire, making significant strides in the crypto realm. After the 2022 collapse of the FTX crypto exchange, SOL faced a severe setback, plummeting over 95% to below $10. However, the resilient cryptocurrency has staged a remarkable comeback, outpacing major players like XRP. đ SOL boasts a staggering 436.5% surge over the past year and currently ranks as the fifth-largest cryptocurrency with a market cap of $39.92 billion.
XRP's Demotion: Factors at Play
XRP, once a frontrunner, has faced a dip in fortunes, only witnessing a 51.5% surge in the same timeframe. As of now, it sits as the sixth-largest cryptocurrency, sporting a valuation of $31.23 billion. The recent 3.9% dip in the past 24 hours has contributed to its relegation.
đ The HKVAC's decision to remove XRP from its Top 5 index emphasizes the agency's consideration of factors beyond market capitalization, including market valuation, investability, and liquidity.
đ Global Impact: HKVAC's Ripple Effect
While reflecting the world's crypto ranking by market cap, HKVAC's index reshuffling extends beyond XRP and Solana. Binance USD (BUSD), Filecoin (FIL), Maker (MKR), Ivy (IVY), and TrueUSD (TUSD) also experience shifts in the Global Large Cryptocurrency Index. Near Protocol (NEAR), Internet Computer (ICP), Immutable (IMX), Optimism (OP), and Injective (INJ) step into the limelight, reshaping the crypto landscape.
đ Stay Informed, Stay Ahead! Follow The Blockopedia for Crypto Insights! đĄđ°
#HongKongCryptoHub #ETFApproved #trendingtoday #cryptocurrency #crypto2024
