Hong Kong proposes tax breaks to attract crypto hedge funds, investors

The Bellatrix upgrade was the last major upgrade before the Ethereum Merge, which will transition the network’s consensus mechanism to proof-of-stake. 330 Total views 5 Total shares The Bellatrix upgrade preparing Ethereum for the Merge was successfully completed on Sept. 6 - however concerns were raised over an almost one in ten missed block rate…

Beijing's rail transit service now accepts digital yuan for subway rides through an integration with the Industrial and Commercial Bank of China. China continues expanding the scope of its central bank digital currency (CBDC) by debuting digital yuan payments for transport services.According to an official Wednesday announcement, the Beijing subway has launched a pilot program…

BTC/USD is “perfectly” repeating its run-up to all-time highs in 2013, price analysis reveals, despite mixed feelings about 2020’s outlook. 2419 Total views 33 Total shares Bitcoin (BTC) is looking like it will hit $75,000 — and that could happen “within weeks,” one analyst has found. Uploading a fresh BTC/USD price chart to Twitter on June…

Digital banking app Revolut has rolled out its cryptocurrency services for all standard users, saying it is widening access earlier than planned due to the global economic crisis.In an email to users on April 1, the United Kingdom-born fintech announced that cryptocurrency accounts and trading — previously reserved from Premium and Metal tier users of…

While many analysts believe Bitcoin is destined for six-figures if support at $40,000 can hold up, others are predicting an imminent bear cycle. 575 Total views 9 Total shares The price of Bitcoin has slumped below $40,000 for the first time in six weeks.The slide took place near the close of the day on Sept.…

Cryptocurrency hedge fund Polychain Capital saw its assets under management (AUM) shrink from an erstwhile $1 billion high to $591.5 million in Q4 2018. The news was reported on by the Wall Street Journal on April 11.The WSJ’s sources attributed the steep decline to a drop in the value of the fund’s holdings amid a…

The FTX owner’s advisor unsuccessfully inquired Elon Musk about joining the acquisition deal. Not only Elon Musk thought of buying Twitter — crypto billionaire and CEO of FTX exchange Sam Bankman-Fried “was interested” in acquiring the social network back in March 2022, according to a report from Business Insider. In the piece, published on Sept.…

The digital divide between those for and against cryptocurrencies is widening among U.S. policymakers. 87 Total views 17 Total shares The Biden Administration has just passed an executive order furthering research into crypto assets in view of regulating them, but politicians within the ruling Democrat party remain deeply divided on digital currency.The lack of consensus…