In a strategic bid to cement its position as a premier financial and cryptocurrency hub, Hong Kong has initiated a proposal to implement tax exemptions specifically targeting hedge funds, private equity funds, and high-net-worth family offices. This initiative, reported by the Financial Times on November 28, is articulated in a comprehensive 20-page government document. The
Finance
In a progressive shift toward modern finance, Vancouver’s Mayor Ken Sim has proposed a noteworthy initiative to integrate Bitcoin (BTC) into the city’s investment portfolio. This move, aimed at solidifying Vancouver’s status as a cryptocurrency-friendly municipality, highlights the mayor’s vision of diversifying the city’s financial assets and safeguarding its economic future. During a recent city
In a recent interview with CNBC, Fred Thiel, the CEO of Marathon Digital Holdings, provided an insightful overview of the current Bitcoin landscape and its future prospects. As the cryptocurrency regains its momentum in the investment community, Thiel’s perspective sheds light on several critical factors that could influence the future trajectory of Bitcoin (BTC). Thiel
In an age where technology is redefining the global economic landscape, Iran is stepping forward with its ambitious plan to introduce a central bank digital currency (CBDC) named the Digital Rial. Announced by Central Bank Governor Mohammad Reza Farzin at the 11th Annual Conference on Modern Banking and Payment Systems, this initiative aims to transform
Recent statistics unveiled by the Financial Conduct Authority (FCA) indicate a notable increase in cryptocurrency ownership among UK adults, rising from 10% to 12%. This growth signifies a broader acceptance of digital assets in mainstream finance, signaling a shift in public perception and willingness to engage with innovative financial products. Alongside ownership, the awareness of
The Base network has recently gained significant attention within the burgeoning crypto market, showcasing remarkable growth in its total value locked (TVL). According to data from L2Beat, the TVL for Base has surpassed the $10 billion mark, marking a substantial milestone as it secured a more than 5% increase over just one week. This achievement
Howard Lutnick, who has been selected by President-elect Donald Trump for the vital role of Commerce Secretary, is poised to launch a transformative $2 billion initiative that aims to lend funds against Bitcoin collateral. This move is noteworthy not just for its financial implications but also for its potential to reshape the relationship between conventional
As the world navigates the tumultuous waters of economic uncertainty, Bitcoin continues to assert its prominence as a leading cryptocurrency. Recently, the digital currency surged over 40% above its average trading price, coinciding with pivotal events like the November 5th U.S. elections. While many attribute this rally to favorable political forecasts, especially those linked to
In an unprecedented week, the landscape of the cryptocurrency market witnessed stark contrasts, especially within the realm of spot Exchange-Traded Funds (ETFs). Following Donald Trump’s high-profile victory in the 2024 presidential election, the U.S.-based Bitcoin ETFs experienced an exhilarating surge. With every trading day, substantial inflows of capital rolled in, showcasing a remarkable investor confidence
The recent win of Donald Trump in the United States presidential elections has sent ripples through the cryptocurrency landscape, igniting renewed hope and speculation within the digital asset community. Trump’s presidency, slated to commence formally in January, is anticipated to bring a wave of reforms aimed at fortifying the United States’ position in the global