Cryptocurrency

Expansion of Cryptocurrency Investment Options in Hong Kong

Thursday. August 29 at 9:30 AM

1 min. read

Retail cryptocurrency investors in Hong Kong now have more choices for investment following the approval of Avalanche and Chainlink coins on Hashkey, one of the two fully licensed exchanges in the region. Previously, retail investors were limited to Bitcoin and Ether. Professional investors with portfolios exceeding 8 million Hong Kong dollars or financial institution representatives have a broader range of cryptocurrencies to select from. Avalanche (AVAX) and Chainlink (LINK) are now tradable against the US dollar on Hashkey. The decision to list these coins was based on their lack of legal conflicts compared to other cryptocurrencies with larger market capitalizations. Hashkey's CEO mentioned that more cryptocurrencies could be approved for retail trading in the near future. Hong Kong permitted retail crypto trading in August 2023, with Hashkey and OSL being fully compliant exchanges. Other exchanges operate under a 'deemed to be licensed' status, while the Securities and Futures Commission ordered unlicensed exchanges to cease operations by June 1.

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Thailand's Crypto Progress and Bitcoin Tourism Proposal

Thursday. December 26 at 4:00 PM

In 2024, Thailand saw advancements in the crypto sector with the introduction of the Digital Asset Regulatory Sandbox. Former Prime Minister Thaksin Shinawatra suggested utilizing Bitcoin for tourism payments, highlighting his support for cryptocurrencies. Despite the potential benefits, the Bank of Thailand currently prohibits using Bitcoin for transactions, with digital assets regulated by the Securities and Exchange Commission. Thaksin emphasized the importance of embracing crypto trends for economic growth, proposing the issuance of stablecoins backed by government bonds. Statista projects a significant number of cryptocurrency users in Thailand, although the country has slipped in global adoption rankings. While Thailand faces regulatory challenges, discussions between regulatory bodies are crucial for future crypto experiments. Thaksin's vision for integrating Bitcoin into the economy reflects a growing interest in digital currencies, despite the need for regulatory clarity and alignment with global trends.

Cryptocurrency

Potential Cryptocurrency Surge with Trump's Second Term

Thursday. December 26 at 3:00 PM

The cryptocurrency market could experience a surge with Donald Trump's return for a second term. Under Republican leadership, there is a trend towards a business-friendly approach and deregulation, which may lead to increased adoption of digital assets. Tokens like Rexas Finance (RXS), Bonk, TRON, Dogecoin, and Hedera are expected to benefit from this shift. Rexas Finance aims to tokenize real-world assets like real estate and precious metals, offering utility in a Trump-led administration. With a total token supply of 1 billion, RXS rewards early investors and ensures stability in price. The project's Certik audit enhances investor confidence. As RXS enters its 10th presale stage, it has raised over $30 million, showing strong market interest. Other tokens like Bonk, TRON, Dogecoin, and Hedera also present growth opportunities in a potential Trump-driven rally. Rexas Finance's giveaway program and user-friendly purchase process make it an attractive investment option.

Cryptocurrency

Security Breach at Animoca Brands: Fake Token Promotion

Thursday. December 26 at 10:00 AM

Animoca Brands’ co-founder and executive chairman, Yat Siu, fell victim to a hack on his X account promoting a fake token called ANIMOCA. The official X account of Animoca Brands confirmed the incident and warned investors to avoid Yat Siu’s account. The hacker managed to compromise Yat Siu’s account and falsely announced a token launch by Animoca Brands. The price of the fake token skyrocketed by 500% in just five minutes before plummeting when the post was deleted. Yat Siu addressed the breach through a secondary account, revealing that the hacker bypassed 2FA security. Animoca Brands clarified that there was no official token launch and urged caution. This incident adds to a string of similar hacks in the cryptocurrency space, highlighting the ongoing issue of access control vulnerabilities.

Cryptocurrency

Market Analysis: Slow Day for Crypto Market with Bitget Token (BGB) Setting New All-Time High

Thursday. December 26 at 7:00 AM

Today, the crypto market, including the total market cap (TOTAL) and Bitcoin, is experiencing a relatively stagnant day with minimal movement in the last 24 hours. Despite this, Bitget Token (BGB) has managed to continue its upward trend and reach a new all-time high. The total crypto market cap has seen a slight decrease of 0.31% to $3.35 trillion, indicating market stability as investors monitor for potential changes. Maintaining support above $3.28 trillion is crucial for market recovery, while surpassing $3.49 trillion could signal a bullish momentum shift. Bitcoin is currently priced at $98,964, aiming to break the $100,000 resistance level. Failure to do so may result in consolidation below this level. BGB has surged 30% to reach $6.37, showcasing strong investor confidence and potential for further growth if market conditions remain favorable.

Cryptocurrency