Vancouver Mayor Ken Sim has revealed plans to incorporate Bitcoin (BTC) into the city’s investment portfolio, aiming to position the town as a crypto-friendly hub. This initiative seeks to diversify the city’s financial assets by including Bitcoin on its balance sheet. The Mayor’s Plan During a November 26 Vancouver city council meeting, Sim introduced a…
Hong Kong is moving to solidify its status as a financial and crypto hub by proposing tax exemptions for hedge funds, private equity funds, and high-net-worth family offices, the Financial Times reported on Nov. 28. The proposal, outlined in a 20-page government document, aims to bolster the city’s appeal to global asset managers and high-net-worth…
Coinbase will halt rewards for USD Coin (USDC) holders located in the European Economic Area (EEA) on Dec. 1 due to the upcoming Markets in Crypto-Assets (MiCA) regulation, according to an email sent to customers on Nov. 28. The exchange said the move is a result of the new requirements for e-money tokens, which is…
Samuel Kullmann, a member of the Swiss canton of Bern parliament, passed legislation to explore Bitcoin (BTC) mining as a potential solution to address surplus electricity production in the region. Lawmakers have tasked the Executive Council with preparing a comprehensive report on how Bitcoin mining could utilize unused energy and contribute to stabilizing the electricity…
[PRESS RELEASE – Singapore, Singapore, November 28th, 2024] DrPepe.ai to launch on Solana, Merging DeSci & AI Innovation DrPepe.ai, an AI meme, schedules its TGE for Christmas ‘24 The “Immortality” White Paper is published on ArWeave on 28/11/2024 – https://x.com/drpepeai/status/1860815260799635791 Users can listen to the first X spaces with ArWeave on immortality: https://x.com/i/spaces/1jMKgBEEzoWxL Users can…
[PRESS RELEASE – New Dehli, India, November 28th, 2024] UnGraduate Gamer, a prominent Indian YouTuber with over 11M subscribers and nearly 2bn views, is set to launch the $UGG token. This meme coin aims to merge India’s rapid blockchain growth with the global popularity of meme coins, offering a novel approach to creator-driven crypto ventures.…
The Trump administration is planning to expand the Commodity Futures Trading Commission’s (CFTC) authority to oversee significant portions of the $3 trillion digital asset market, Fox Business reported on Nov. 28. The move would mark a pivotal shift in US crypto regulation, aiming to replace the current enforcement-heavy approach with a more innovation-friendly framework. CFTC…
TL;DR ADA whales have been on a buying spree lately, signaling potential price surges in the short term. Rising network growth and a 7% increase in large transactions support ADA’s rally, with 66% of investors now in profit compared to 87.6% being in the red just months ago. How High Can ADA Go? Cardano’s ADA…
In today’s issue, <a href=”https://www.linkedin.com/in/djwindle/” target=”_blank”>DJ Windle</a> from Windle Wealth looks at the risks advisors face when they can’t or won’t help clients who want exposure to digital assets. Then, <a href=”https://www.linkedin.com/in/hongzhesun/” target=”_blank”>Hong Sun</a> from Core DAO talks about custody and DeFi in Ask an Expert. Thank you to our sponsor of this week’s newsletter,…
Ethereum (ETH) co-founder Jeffrey Wilcke transferred 20,000 ETH, equivalent to over $72 million, to Kraken on Nov. 28. His wallet still holds 106,006 ETH. CryptoQuant’s community analyst Maartunn highlighted that this is the fourth time Wilcke has transferred ETH to Kraken this year, surpassing $147 million. He first moved 4,300 ETH to the exchange on…