The paper also firmly distinguishes HKMA’s views from mainland policy. “On paper, they are looking at stablecoins as a payment tool,” she said, in contrast to the mainland where no crypto can be used in commerce. For crypto assets not related to payments, HKMA is “looking at how it develops hence, they are not stymying innovation,” Chia added. Source
In a week that featured separate reports on January’s Producer Price Index (PPI), which rose to 9.8%, and the U.S. central bank’s ongoing inflationary concerns discussed at its most recent meeting, investors returned to gold, which rose over $1,900 at one point Tuesday, and other lower-risk assets. “The price of gold, seen as a safe haven in times of crisis, has risen by another 1.37% to $1,896 an ounce, an 8 month high,” Streeter wrote. Source
The White House will reportedly be issuing an executive order as early as next week directing government agencies to study different aspects of the digital asset space with the goal of creating a comprehensive regulatory framework. In a Thursday report from Yahoo! Finance, Jennifer Schonberger said an official familiar with the matter within the Biden administration revealed the executive order could arrive as soon as next week. The directive from President Biden would reportedly order the Office of the Attorney General, the State Department, and the Treasury Department to study…
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io SoFi is the exclusive partner app of The Best Business Show. Visit for more info and start investing today The Best Business Show Is LIVE 11AM-1PM EST Monday – Friday discussing Bitcoin, Finance, Crypto & everything in between. Check out our Store! Pomp writes a daily letter to over 185,000 investors about business, technology, and finance. He breaks down complex topics into easy-to-understand language while sharing opinions on various aspects of each industry. You can subscribe at Follow Pomp on social media:…
Bitcoin has continued its descent towards $40,000 proving that the reversal was only temporary. While there is not enough to rule out another recovery, the current trend does point to more downside before the digital asset can find its footing and recover above $44K. This hard-fought resistance point that the cryptocurrency had managed to beat is becoming more and more elusive. The decline is also apparent in the market dominance of the digital asset. Bitcoin which maintains a majority share of the crypto market continues to see fierce competition from…
The U.S. state of Colorado is preparing to accept cryptocurrency for tax payments, said Governor Jared Polis. “We expect to accept crypto by this summer,” he said, adding that after tax payments, crypto will be accepted for other things like driver’s licenses or hunting licenses. Colorado to Accept Crypto for Tax Payments The governor of the U.S. state of Colorado, Jared Polis, talked about his state’s efforts to become the leader in cryptocurrency acceptance in an interview with CNBC Tuesday. Regarding his state accepting cryptocurrency for tax payments, he said:…
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Join Me on Telegram ➡️ Hello friends in this video I’ll tell you why the crypto market is down and also I suggest you1 altcoin buy now for 100% profit. Connect with Me! Join Me on Telegram ➡️ Join Me on Twitter ➡️ Join Me on Instagram ➡️ Website ➡️ Topic Covered: best altcoins to invest in 2021 best cryptocurrency to invest in cryptocurrency to invest in 2021 best cryptocurrency to invest in 2021 best cryptocurrency to invest in india coinswitch best…
sponsored Ertha Metaverse looks unstoppable on its path to becoming the industry’s top metaverse. The project is already recognized as having one of the most searched-for tokens in GameFi and at the time of writing, holds a fully diluted market cap in excess of $380 million. Today its developers have announced that a new sales record has been set. Rome no longer belongs to the Romans, but to the buyer who spent $120,000 for the privilege to call one of Europe’s most famous cities their own. Not only do they…
Among other discrepancies, the chipmakers supposedly involved with NuMiner said they were unfamiliar with the project. Original
USD Coin (USDC) operator Circle has seen its valuation double to $9 billion after the company revised its merger agreement with Concord Acquisition Corp, a special purpose acquisition company (SPAC) founded in 2020. Circle announced Thursday that it had terminated its previous business combination terms with Concord and reached a new agreement that is expected to be finalized by December 8, 2022, with the possibility of it being extended to January 31, 2023. As Cointelegraph reported, Circle and Concord first announced their merger plans in July 2022. A Circle spokesperson…