Cryptocurrency

Israel to Launch Bitcoin-Linked Mutual Funds

Thursday. December 26 at 2:00 AM

1 min. read

Israel is set to introduce six new mutual funds tied to Bitcoin's performance on December 31, marking a significant step towards integrating cryptocurrencies into investment products. Licensed by the Israel Securities Authority, these funds will allow investors to access Bitcoin through the local currency, shekel. The funds will track Bitcoin's price using various methods, including indexes and active management, with some even monitoring leading U.S. Bitcoin ETFs. Management fees are expected to range from 0.25% to 1.5% to attract investors. This move follows two years of regulatory discussions and signals Israel's growing interest in cryptocurrencies. The launch also aligns with the country's exploration of blockchain technology, including the development of a Digital Shekel. By offering Bitcoin-tracking funds, Israel is embracing institutional acceptance of cryptocurrency investments and catering to the demand for emerging digital assets in the financial market.

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South Korea Imposes Sanctions on North Korean Cyber Criminals

Thursday. December 26 at 8:00 PM

South Korea has imposed sanctions on 15 North Korean individuals and one organization for their involvement in cryptocurrency and cyber theft activities to fund North Korea's nuclear program. The Ministry of Foreign Affairs announced these sanctions on December 26, targeting operatives engaged in obtaining foreign currency for the North Korean Munitions Industry Department and nuclear missile programs. Notably, the Lazarus Group, among other North Korean hackers, has been implicated in major cyber thefts in the Web3 space. Governments are intensifying efforts to combat these hackers, projected to target over 50% of global virtual currencies for theft by 2024. The sanctions aim to disrupt money laundering and financing of North Korea's nuclear program. North Korean hackers were responsible for a significant portion of the $2.3 billion stolen in cryptocurrencies in 2024, indicating a rise in sophisticated cyber attacks. The global community faces escalating cyber threats from North Korean hackers, prompting increased vigilance and collaborative actions to safeguard against future cybercrimes.

Cryptocurrency

Investing in Bitcoin: Expert Advice

Thursday. December 26 at 6:00 PM

Bitcoin (BTCUSD) has experienced significant growth this year, surpassing $100,000, with projections of further increases in the coming year. Despite this, financial advisors urge caution when considering investing in cryptocurrency, recommending only a small portion of one's portfolio be allocated to it. The Federal Reserve's indication of fewer rate cuts next year caused a temporary dip in bitcoin prices, but they have still more than doubled in value. Asset manager Blackrock suggests a 1%-2% bitcoin exposure in a portfolio, emphasizing the need for a limited allocation due to bitcoin's volatility. Experts like Malcolm Ethridge and David Rosenstrock advise on the potential risks and rewards of investing in bitcoin, highlighting the importance of understanding one's investment motives. Options for investing in bitcoin include direct purchases, ETFs, or shares in bitcoin-related companies, each with its own considerations. New investors are encouraged to explore ETFs as a beginner-friendly option, while experienced investors like Douglas Boneparth prefer direct ownership of bitcoin for greater control and security.

Cryptocurrency

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