The Hong Kong government has formed a task team to advocate for Web3 innovation. Late on Friday, the Government of the Hong Kong Special Administrative Region issued a press release announcing a new policy that would go into force today. Paul Chan, the finance secretary of Hong Kong, and other
The Canadian government has approved the unrestricted trading of Litecoin (LTC) and three other cryptocurrencies on exchanges, marking a major breakthrough for the Canadian crypto sector. Litecoin’s price has surged recently, hitting a 14-month high and breaking the $100 threshold. The House of Commons Standing Committee on Industry and Technology
On Wednesday, at a panel discussion of central bankers organized by the ECB in Sintra, Portugal, Federal Reserve Chair Jerome Powell reiterated the Fed’s hawkish approach. Powell stressed that the Fed is not done managing inflation and indicated the potential of consecutive interest rate rises ahead of the next Federal
With the completion of a merger deal, Bitcoin Depot, one of the biggest cryptocurrency ATM companies in the United States, announced that it would be going public. GSR II Meteora Acquisition Corporation, a fintech business, said on June 30 that its investors had authorized a merger that would allow the
In light of recent regulatory changes in the U.S., crypto-friendly neobank Revolut will soon be delisting a number of digital assets from its platform. The Revolut team informed that the company plans to permanently remove tokens such as Cardano, Polygon, and Solana from its platform in the month of September.
The next Litecoin halving is scheduled for August 2, 2023, at block 2,520,000. The network hash rate has already hit an all-time high, which is good news for Litecoin miners as they wait for the highly awaited event. The price of LTC has risen by almost 28% in the last
In a major shift for the cryptocurrency industry, Bitcoin’s percentage supply on exchanges has dropped to 11.7%, the lowest level in the last five years. Around 1.84 million wallet addresses have reportedly acquired 910,000 Bitcoins, a significant sum in light of the rising demand for Bitcoin. BlackRock’s application of a
Paxos, a blockchain-based financial technology startup, has revealed plans to launch its Pax Dollar (USDP) stablecoin in Mexico through a partnership with online marketplace Mercado Libre. MercadoPago, a digital wallet software developed by Mercado Libre, will be used to process payments. Moreover, this recent action is part of Paxos’s larger
Lower crypto taxes and other measures impacting the crypto sector were approved by the National Council of the Slovak Republic, Slovakia’s parliament. An amendment that would lower individual income tax on gains from the sale of cryptocurrency held by the holder for a minimum of twelve months was approved by
Tether, the firm behind USDT, the biggest stablecoin, and the officials of Georgia have signed a Memorandum of Understanding (MOU). Because of this collaboration, the country will be able to get closer to its goal of being a worldwide hub for blockchain technology, and the company’s reputation as “a pioneering
