Hong Kong retailers may shortly be able to trade cryptocurrency | Curated CoinCodeCap #20 February 2023
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While Bitcoin paves the path for crypto mass adoption, Ethereum becomes the sword of Keyboard warriors. Here’s what happened to the market yesterday:
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Hong Kong retailers may shortly be able to trade cryptocurrency
Hong Kong’s Financial Secretary, Paul Chan, has pledged to work towards establishing the territory as a hub for the cryptocurrency industry.
A consultation paper from Hong Kong authorities has been made publicly available; the deadline is March 31. Keep Reading »
FSB provides overview on Future Global Standards for Stablecoins
Stablecoins and other crypto assets are a growing focus for the Financial Stability Board (FSB).
FSB chair stated, numerous stablecoins now in use wouldn’t comply with the global standards established by bodies that define payments or securities standard.
The FSB will complete its proposals for international stablecoin arrangements by July of this year. Keep Reading »
Crypto Hedge Fund Galois shuts down after losing $40M to bankrupt FTX
The co-founder of Galois stated that the fund had stopped all trading because it was no longer feasible after FTX.
90% of the available cash will be returned to investors by Galois Capital, with the remaining 10% being held in reserve. Keep Reading »
Binance considers ending relations with its US partners amidst regulatory scrutiny
A Bloomberg report revealed, Binance might think about cutting ties with its US business partners.
The corporation is considering to retreat after heightened government scrutiny.
The delisting rumour has been openly denounced by CZ as “fake” Keep Reading »
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UAE is set to launch a central bank digital currency
The United Arab Emirates Central Bank plans to introduce a digital currency for both local and global use.
The program’s first stage of financial infrastructure transformation includes the release of a digital edition of the national currency of the United Arab Emirates. Keep Reading »
DEX aggregator CoW Swap suffers $180K in losses in ‘solver’ exploit
The hacker successfully transferred about 551 BNB from CoW Swap into Tornado Cash, which at the time of writing was worth about $181,600. CoW Swap’s settlement smart contract was the target of a hacker who made an infamous money transfer. Keep Reading »
NFT Weekly Market Update (Dec 27th – Jan 2nd)
We saw the highest of Number of Sales on 31st December which was 18.6K and the Lowest of number of sales was recorded on 2nd January which was 12.9K. This Metric showed an overall Decrease.
Market Updates
ORE Price Analysis
ORE is a token of the platform Open Rights Exchange. Its current price is around $0.007151 at the time of writing, with a low of $0.005665, and it has a market cap of 2 million dollars. Open Rights Exchange Crypto (ORE) is a decentralized platform that utilizes blockchain technology to provide a transparent, secure, and fair system for digital content distribution. Keep Reading »
GRT Price Analysis February 2023
GRT is a token of the platform The Graph. Its current price is around $0.1695 at the time of writing, with a low of $0.05196, and it has a market cap of 1 billion dollars. Keep Reading »
KAVA Price Analysis: Is It a Good Crypto
KAVA is a token of the platform Kava. Its current price is around $0.9509 at the time of writing, with a low of $0.5182, and its market cap is 390 million dollars. Keep Reading »
GMX Price Analysis: Is It a Good Crypto
GMX is a token of the platform GMX.io. Its current price is around $83.09 at the time of writing, with a low of $11.49, and it has a market cap of 703 million dollars. Keep Reading »
Top 5 Crypto to Buy in 2023
The cryptocurrency market is one of the most volatile markets in the world, with a lot of uncertainty and risk.
However, it is still one of the best investment opportunities for long-term investors. Experts believe the crypto market will be worth around $200 trillion by 2030.
As of now, Bitcoin is only a fraction of this market, with more money likely to be in altcoins such as Ethereum. There are more than 20000 possible crypto assets to invest in today, and trying to find the best ones can be challenging. These are the top 5 cryptos to buy in 2023. Keep Reading »
Top 5 Crypto to Buy after FTX Crash: TRX, MATIC, IMPT, APE, and ADA
FTX filed for Chapter 11 bankruptcy on November 11, and its implosion created a ripple effect across the crypto industry. The crash of FTX has had a major impact on the crypto market and exchanges that use it. Keep Reading »
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