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During the opening of Hong Kong FinTech Week, several keynote speeches covered the topics of stablecoins, cryptocurrencies and tokenization. The Treasury Department focused primarily on AI, but also covered planned regulatory programs for cryptocurrencies, including tax incentives. Eddie Yue, leader of the Hong Kong Monetary Authority (HKMA), spent a lot of time talking about tokenization, and the Securities and Futures Commission (SFC) focused on cryptocurrencies. planned regulations The Ministry of Finance will continue to address planned regulatory issues, including stablecoin regulations scheduled to be announced this year, the second Digital Asset Custody Consultation next year, and a regulatory review of…
Reserve Bank of India (RBI) Governor Shaktikanta Das on Sunday slammed stablecoins and other cryptocurrencies at the G30 39th Annual International Banking Seminar in Washington, DC, calling payment systems “private money”. ‘ expressed discomfort with the idea of ruling and ending local government sovereignty. Das praised the concept of Central Bank Digital Currency (CBDC) and hailed it as the future of fiat currencies, saying that India has received a positive response to the CBDC pilot project. Das’s comments came in the wake of the Indian government’s deliberation of a discussion paper on virtual currency regulation. India has one of the…
The path to $2,650 will depend on Ethereum’s ability to clear resistance levels, maintain technical support, and maintain positive sentiment with continued upgrades.Short-term outlook:In the short term, a break above the high-volume 50-day and 200-day EMAs could push Ethereum towards $2,650.Volume and RSI signals will be important. If both values are rising steadily, it may indicate strong buying momentum, reinforcing upside potential.Medium term factors:The successful implementation of The Purge and The Verge will have a positive impact on Ethereum’s performance and adoption. Increased efficiency can lead to higher demand and higher prices.Technological advances and regulatory clarity could drive market sentiment,…
Billionaire venture capitalist Chamath Palihapitiya says Bitcoin (BTC) is solidifying its role as the ultimate asset that protects investors’ capital from inflation. In a new episode of the All-In Podcast, the Social Capital CEO and early Bitcoin investor says BTC stands to take over gold as the best inflation hedge. Palihapitiya said it would be imprudent for Bitcoin investors to try to time the market as he believes BTC will serve a unique purpose into the next century. “I don’t think you can trade these things. And any attempt to do that would probably end up losing more money, more…
Introduction The global Blockchain Technology in Healthcare Market is poised for remarkable growth, anticipated to surge from USD 3.9 billion in 2023 to around USD 750 billion by 2033, reflecting a CAGR of 69.2%. This growth is driven by the technology’s potential to enhance security, efficiency, and transparency in healthcare services. Blockchain technology offers enhanced security and privacy for electronic health records (EHRs). Its decentralized nature allows for secure, tamper-proof storage, significantly reducing risks associated with unauthorized access and data breaches. This secure platform empowers patients by giving them control over their own information, while providing healthcare providers secure and…
HAMPSHIRE, UK, October 28, 2024 (Globe Newswire) — New research from Juniper Research, a leading expert in the fintech and payments market, shows that by 2031, central bank We predict that the number of global payments will increase by 2031. digital currency) is expected to reach 7.8 billion, up from 307.1 million in 2024. This impressive 2,430% growth will be driven by central banks seeking to protect monetary sovereignty in the face of the dominance of card networks and the growing popularity of stablecoins. Collaborative projects such as mBridge and Project Icebreak that aim to connect national CBDCs will make…
Tether is “doing the best we can” to crack down on illegal use of cryptocurrencies, CEO Paolo Ardoino told CoinDesk. He added that USDT’s role in illicit finance is “a drop in the ocean” compared to the US dollar. “We do not expect political favors from anyone,” the company said of Howard Lutnick’s role in Donald Trump’s campaign. The WSJ reported on Friday that Tether was under US criminal investigation, a claim the company denied.Lugano, Switzerland – As crypto giant Tether comes under new scrutiny, CEO Paolo Ardoino tells CoinDesk that the company respects international sanctions and works closely with…
Ripple (XRP) and Tron (TRX), known as the two largest cryptocurrencies, have long been market leaders in the niches of cross-border payments and decentralized entertainment. TRX has successfully built an ecosystem around decentralized applications (and dApps) and a thriving ecosystem of aggregated entertainment content. Meanwhile, XRP’s blockchain technology has revolutionized the speed and cost associated with international money transfers. But as the crypto market continues to grow, other companies are also rising to the challenge, with Lexus Finance (RXS) vying to be the top contender.Ripple’s market dominance and Tron’s expanding ecosystemCurrently, Ripple’s XRP is the fifth largest cryptocurrency by market…
Tether CEO Paolo Ardoino took to the stage at the PlanB event in Lugano, Switzerland, after rumors spread that the US Department of Justice and Treasury Department were investigating Tether. Revealed the breakdown of reserve assets supporting the stablecoin USDT.Ardoino claims that Tether holds approximately $100 billion in U.S. Treasury securities, 48 tons of gold, and more than 82,000 Bitcoins worth approximately $5.5 billion at current market value. are.Tether’s chief executive officer said the decision was triggered by a recent Wall Street Journal article that said U.S. authorities were investigating Tether for allegedly violating U.S. sanctions and anti-money laundering regulations.…
In the cryptocurrency trading industry, gains and losses are part of the investment process, and losing trends can earn you millions of dollars and vice versa. However, despite the profit potential, it is not an easy game as various factors affect the value of the token. Therefore, developing a risk management strategy and performing proper technical analysis is mandatory to maintain profits in the cryptocurrency market. One such crypto trader gave the best example of turning a $1.8,000 investment into $873,000 within 48 hours. Crypto trading opportunities go from $180,000 to $873,000 The crypto market is full of profitable opportunities,…