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

Institutional traders have locked $56 billion into Bitcoin investment products after inflows totaled $97.5 million last week. 3346 Total views 7 Total shares Institutional traders have locked a record sum of capital into Bitcoin investment products despite trade volume declining during the second half of 2021.According to CoinShares’ Nov. 15 “Digital Asset Fund Flows Weekly”…

Daily trade volume for Chicago Mercantile Exchange (CME)’s bitcoin (BTC) futures produced a new low for 2020 on Feb. 21, with $118 million worth of contracts changing hands on Friday.The record low came just three days after CME daily volume exceeded $1 billion for just the third time in the market’s history, with CME bitcoin…

The Monetary Authority of Singapore recently opened its doors to crypto by introducing the Payment Services Act. This policy is intended to regulate cryptocurrency payments and trading using regulations that currently govern traditional fiat payment services as a guideline. Any interested parties must apply for the appropriate licenses in Singapore, including a standard payment institution…

Academics are at odds over a research paper that suggests that ChatGPT presents a “significant and sizeable” political bias leaning towards the left side of the political spectrum.As Cointelegraph previously reported, researchers from the United Kingdom and Brazil published a study in the Public Choice journal on Aug. 17 that asserts that large language models…

The blockchain-based investment note is issued on Avalanche and will automatically distribute profits to holders’ wallets. 231 Total views 2 Total shares Neo-investment and technology firm Republic plans to issue a blockchain-based security token that will pay dividends to retail investors from profits across its broad portfolio of investment holdings.The Republic Note is a profit-sharing

Bitcoin (BTC) hugged $26,000 at the Sep. 24 Wall Street open as a weekly close “nosedive” brought lasting consequences.BTC/USD 1-hour chart. Source: TradingViewBitcoin must preserve support now, analysis saysData from Cointelegraph Markets Pro and TradingView showed BTC price trajectory uncertain after briefly piercing $26,000 support.Sideways weekend trading soon turned sour into the new week, and

A retail CBDC or “enhanced” digital money would support the singleness of money and settlement finality, Andrew Bailey said, but crypto isn’t money. Andrew Bailey, a Bank of England (BOE) governor, delivered a speech July 10 in which he moved smoothly from the central bank’s efforts to control inflation and maintain public trust in financial institutions to…

While many indicators suggest that the market bottom may be close, time will be the ultimate determinant, according to a new report from Glassnode. 502 Total views 12 Total shares Bitcoin wealth is being distributed from weak hands to strong hands due to ongoing capitulation from retail investors and miners, signaling that the bottom may…