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The Importance of Using Approved Virtual Asset Trading Platforms in Hong Kong

Introduction The Hong Kong Securities and Futures Commission (SFC) has recently emphasized the significance of using approved virtual asset trading platforms (VATP) for crypto investors in the region. The SFC has urged investors to verify the regulatory status of VATPs before engaging in any transactions to ensure their funds are protected and secure. Prior Warning […]

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Blackrock’s Bitcoin ETF Soars to Top Five in 2024 ETF Inflows After Just 17 Days

Blackrock's Ishares Bitcoin Trust (IBIT) Gains Momentum in ETF Market Blackrock's Ishares Bitcoin Trust (IBIT) has quickly risen to the forefront of the exchange-traded funds (ETFs) market, ranking among the top five in terms of 2024 inflows within just 17 days. This impressive growth highlights the increasing investor interest in cryptocurrency as a legitimate asset

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Paradigm Supports Kalshi’s Election Prediction Platform in Legal Battle Against CFTC

Investment Firm Paradigm Backs Kalshi in Legal Dispute with CFTC Investment firm Paradigm has thrown its support behind prediction market platform Kalshi in its ongoing legal dispute with the Commodity Futures Trading Commission (CFTC). The disagreement stems from the CFTC's rejection of Kalshi's proposed market, which would allow participants to speculate on the outcome of

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Gold Outshines Bitcoin as Crypto-to-Metal Ratio Plunges Post-2021: Commodity Analyst

Bitcoin's Disappointing Performance Against Gold Commodity market expert Mike McGlone from Bloomberg raises concerns about the potential downturn of Bitcoin, highlighting its underwhelming performance compared to gold since its peak in 2021. On Sunday, McGlone pointed out that the ratio between Bitcoin and gold had dropped by approximately 40% from its highest point of 37

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Latin America’s Crypto and Economic News: El Salvador’s Bitcoin Commitment, Argentina’s Crypto Tax Matters, and Venezuela’s Gold Sanctions

El Salvador to Maintain Bitcoin as Legal Tender El Salvador's Vice President Felix Ulloa recently confirmed that bitcoin will continue to be recognized as legal tender in the country during President Nayib Bukele's second term, despite the International Monetary Fund's (IMF) recommendation to drop it. Ulloa stated that the victory of Bukele in the upcoming

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Why You Shouldn’t Be Fooled By “Gold-Buying” Headlines!

Self-Directed gold IRAs are fantastic because they allow you to invest in precious metals, without having to work with middlemen. Actually, these accounts are so easy that even your grandmother could use them! When you purchase physical gold, silver, palladium, platinum and rhodium coins, bars, rounds, and bullion, you get instant liquidity. But if you’d

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The Turbulence in the Commercial Real Estate Market Sends Shockwaves Through Banking Sector

U.S. Central Bank Decision Sparks Concerns Following the U.S. central bank's recent decision to keep the federal funds rate unchanged, the commercial real estate market is experiencing turbulence that is affecting both the country's banking sector and international markets. The repercussions of this decision can be seen in the plunging share prices of New York

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UK Police Seize 61,000 Bitcoins From Massive Chinese Investment Fraud

Introduction The U.K. Metropolitan Police have made a significant breakthrough in the fight against cryptocurrency fraud. They have seized more than 61,000 bitcoins, worth over $2.6 billion, from a massive investment fraud conducted by a Chinese fugitive. The seizure marks one of the largest cryptocurrency confiscations globally and highlights the growing concern around fraudulent activities

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The U.S. Federal Reserve Keeps Rates Unchanged, Bitcoin Remains Steady

Introduction On Wednesday, Jan. 31, 2023, the U.S. Federal Reserve made the decision to maintain the federal funds rate unchanged. The Federal Open Market Committee (FOMC) expressed that it does not anticipate reducing the target range until it has gained more confidence in inflation reaching the 2% mark. While benchmark equity indices experienced declines, the

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