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A week full of the hottest news from the Cryptocurrency 💰, Blockchain 🔗 and Web 3.0🌐 spaces.

“hong Kong Crypto Chronicles: A Guide To Financial Prosperity”

Google believes that AI is a key part of achieving the United Nations Sustainable Development Goals (SDGs). The $25 million grant will go to 15 AI-powered projects. The integration of AI in cryptocurrencies is still growing, and Shiba Memu is one of his new projects exploring technology to create self-sustaining businesses. Read article

What Buying Bitcoin In Hong Kong Shops Says About The Future Of Crypto

Hong Kong-based cryptocurrency exchange CoinEx Global was breached and lost $43 million in cryptocurrencies. One exchange announced that it had identified all crypto assets lost in use, but that it had identified a second set of wallet addresses suspected to be connected to the crime to which the tokens were sent. This includes Ether, XRP, Solana, Cadena, and Dagger. Read article

Ethereum performed extremely well during the bullish period, rising 5500% in the 2020-2022 cycle. Katie Wood’s Ark Invest is bullish on ETH, predicting a market cap of $20 trillion by 2030. This means a value of 170,000 to 180 million ether per coin. Ark Invest values ​​Bitcoin at about $1 million per coin by 2030. Read article

Earlier this week, crypto exchange FTX announced that it has over 16% of its Solana token outstanding, or over $1.16 billion. In a major development, a Delaware bankruptcy court has granted bankrupt cryptocurrency exchange FTX permission to continue selling $3.4 billion worth of crypto assets and make further repayments to borrowers. Read article

Last Friday, the U.S. Securities and Exchange Commission (SEC) filed an appeal of its lawsuit against Ripple Labs in the U.S. District Court for the Southern District of New York. According to a court filing, the SEC asked Judge Annalisa Torres to reconsider the earlier decision, which was subject to a “legal challenge.” Read more As Hong Kong decides to tighten cryptocurrency regulations, the government has announced plans to tighten regulations on fixed deposits and over-the-counter (OTC) cryptocurrency transactions.

Cryptocurrency Chronicles: Exploring Global Crypto Insights And Breakthroughs

Financial Services and Treasury Secretary Christopher Hoy announced this important development in a letter in response to questions from Legislative Councilor Carmen Kahn on February 21. Prime Minister Kang is calling for clarification of the government’s role in establishing a regulatory framework for cryptocurrencies at the federal level.

In his detailed response, Hui confirmed his administration’s commitment to promoting a strong management system for virtual assets. As clear evidence of this excuse, he cited two public meetings to improve licensing rules for fixed market and OTC traders.

Last December, the Hong Kong Monetary Authority (HKMA) and the Financial Services Bureau (FSTB) jointly launched a public consultation on bond management. The meeting, scheduled for February 29, drew attention from stakeholders seeking regulatory clarity.

Meanwhile, the FSTB held another public meeting on February 8 to discuss legislative proposals to authorize OTC virtual currency trading services under the authority of the Comptroller of Customs and Excise (CCE). This session he will end on April 12th.

China’s Crackdown On Ant Isn’t Stopping Hong Kong’s Hot Financial Core

Hui said after holding two meetings, the government is ready to move forward with passing the bill. “Depending on the outcome of the council and the progress of planning work, the government will send the above permission to the Legislative Council as soon as possible,” Hui said.

Mr. Hui pointed out the need for oversight of cryptocurrency regulation and presented a sample of assets related to criminal activities. He noted that such incidents have nearly tripled in the past three years, indicating that strict regulations are needed to protect investors and maintain financial stability. There is. As we bid farewell to 2023, let’s take a look back at the highs and lows of cryptocurrencies, a world that has changed forever.

The new year begins with a question – will cryptocurrencies increase in 2023? BTC rose rapidly from 16,000 to 21,000, its best performance in January since 2013. Discussions about Ethereum’s new testnet system and upcoming Shanghai update sparked excitement.

In February, Busha trading became a big boom, adding a new dimension to the world of cryptocurrencies. While there was minimal volatility in cryptocurrencies at the end of the month, Ethereum outperformed Bitcoin, gaining 1.6% compared to Bitcoin’s 0.4% rise. With Paxos receiving a wells notice from the SEC, the regulatory investigation set in motion a series of events that affected BUSD.

Just In: Binance Labs Denies Skyark Chronicles’ Funding Claims

US banks, including Silicon Valley Bank (SVB), suffered seismic shifts and failed for the third time in US history. Surprisingly, the stable market was hit by a storm and its success was ruined as BTC rose 21% to 28,000 during the crisis.

With 1 gigawatt of mining capital, Russia has overtaken Kazakhstan to become the second largest cryptocurrency mining country. At the same time, the European Union has been leading the charge in enacting virtual currency legislation. Sweden has decided to abolish criminal taxes on Bitcoin mining in the region.

By approving the Energy Bill, Nigeria is demonstrating its commitment to economic development in various areas including technology, finance, healthcare and government budget.


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