Category: Latest news

[ad_1] The Hong Kong Monetary Authority (HKMA) remains undecided on making a policy decision regarding the introduction of a retail central bank digital currency (CBDC) after concluding the first pilot project of the e-HKD. The HKMA noted that while CBDCs have the potential to offer unique benefits in certain areas, additional research and investigation are…

[ad_1] Inflows into crypto investment products rose to a 15-month high amid the recent optimism surrounding the anticipated approval spot Bitcoin (BTC) exchange-traded funds (ETFs) in the U.S. In its latest weekly report, CoinShares revealed that crypto investment products recorded an inflow of $326 million last week, its largest since July 2022. This influx marks…

[ad_1] The U.K. Treasury has finalized its regulatory approach to the crypto industry, which will be enacted in multiple phases, with the first phase bringing fiat-backed stablecoins under the supervision of financial watchdogs. In a policy update released on Oct. 30, the Treasury outlined its strategy to regulate stablecoins, with an initial focus on fiat-backed…

[ad_1] Quick Take The U.S. dollar, reigning as the global reserve currency, has been the standard benchmark for valuing all assets. However, an intriguing shift occurs when we start benchmarking financial assets against Bitcoin instead of the traditional USD. Take the U.S. long bond (TLT) as an example, which is currently trading at approximately $84.…

[ad_1] President Joe Biden has issued an executive order focusing on the safety, security, and trustworthiness of artificial intelligence (AI). The directive outlines new standards for AI and mandates several measures aimed at mitigating potential risks associated with AI systems. Under the new order, developers of powerful AI systems will be required to share safety…

[ad_1] Quick Take Bitcoin (BTC) has seen a noteworthy surge in October, marking a 28% increase and paving the way for it to be the second most lucrative month of the year, tailing behind January’s 40% ascension. One key metric that provides an insightful perspective is the ‘realized price‘, a concept that reveals the mean…

[ad_1] Quick Take The dynamics of Bitcoin futures open interest unveils an intriguing interplay between major exchange platforms, Binance and CME. The former, a global cryptocurrency exchange with a wide reach, currently holds a slightly larger piece of the pie at just over 28%. CME, primarily known for institutional trading, accounts for 26% of all…

[ad_1] Quick Take Bitcoin’s mining difficulty, an important metric for the health of the network, has seen another positive adjustment, 62.46T, marking the fourth consecutive rise. This time, the increase is slightly over 2%, a subtle yet important change that signifies the continued growth and resilience of the network. Difficulty: (Source: Glassnode) As a consequence…

[ad_1] Brazil’s Receita Federal — the Special Department of Federal Revenue — has recently reported a substantial increase in the usage of stablecoins, specifically Tether’s USDT. According to the regulator’s report, the volume of USDT exceeded the combined trading volume of all other cryptocurrencies in 2022. Stablecoins make up roughly 10% of the global trading…

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