Billionaires Are Buying This Cryptocurrency That Could Soar 20,000%, According to MicroStrategy Executive Chairman Michael Saylor
Bitcoin could soar in price over the next decade. But that's not the only reason billionaires are buying Bitcoin.
Bitcoin could soar in price over the next decade. But that's not the only reason billionaires are buying Bitcoin.
General election and strikes were partially blamed for a flat June but growth was led by the services sector.
Traders say bitcoin could drop to $55,000 in the near-term, but favorable Fed policies could set the stage for its next leg up.
Coinbase has announced plans to launch cbBTC, a wrapped version of Bitcoin, on its Base network
Morgan Stanley, a major U.S. investment bank, disclosed holding approximately $188 million in shares of BlackRock’s iShares Bitcoin Trust ETF as of June 30.
The U.S. government recently transferred nearly $600 million worth of Bitcoin (BTC), seized from the Silk Road dark web marketplace, to a wallet associated with Coinbase Prime.
According to BlockBeats, Hong Kong is rapidly advancing the establishment of a regulatory framework for stablecoin issuers. Recently, the city released a public consultation summary on stablecoin regulation. The report highlights that the next phase of development for Web3.0 in Hong Kong and globally focuses on bridging the gap between the virtual and real worlds, enabling seamless asset and fund transfers between the two systems. Real-World Assets (RWA) are seen as a crucial innovation to overcome technical barriers and accelerate the integration of virtual and real economies. In the foreseeable future, the majority of RWA transactions in Hong Kong are expected to be conducted using compliant Hong Kong dollar stablecoins, facilitating connections and interoperability with traditional finance. Without a compliant Hong Kong dollar stablecoin, the convenience and security of Hong Kong's RWA practices would face significant challenges. Therefore, the introduction of a stablecoin regulatory framework may lay the foundation for innovative development within Hong Kong's RWA ecosystem. As the RWA ecosystem thrives, the role and value of the Hong Kong dollar stablecoin as a bridge for Hong Kong's Web3.0 external connections will become increasingly prominent.
-- Most Asian currencies kept to a tight range on Thursday after clocking strong overnight gains as U.S. consumer inflation data read softer than expected and put the...
According to PANews, Switzerland is contemplating the inclusion of cryptocurrency tax data in its international information exchange agreements. The Swiss Federal Council initiated a consultation process on Wednesday for a new bill aimed at facilitating the sharing of crypto asset information with 111 jurisdictions. These jurisdictions are currently part of the automatic information exchange framework. The sharing will be contingent on their compliance with the OECD's crypto asset reporting framework.Switzerland has long been a leader in cryptocurrency adoption. Regions like Lugano have pioneered the acceptance of cryptocurrencies such as Tether (USDT) and Bitcoin for tax payments. The country's political framework allows the Federal Tax Administration to classify Bitcoin as a payment method, thereby exempting it from Value Added Tax (VAT).The Swiss Federal Council aims to determine the start date for the automatic exchange of crypto-related information with partner states. The consultation period for this legislative proposal will conclude on November 15, 2024.
-- Most Asian currencies kept to a tight range on Thursday after clocking strong overnight gains as U.S. consumer inflation data read softer than expected and put the dollar close to a seven-month low.