Hong Kong Enables Stablecoin Issuance Testing
Hong Kong’s central bank will launch a sandbox allowing institutions to trial stablecoin issuances to shape future policy and licensing around pegged crypto assets.
Hong Kong’s central bank will launch a sandbox allowing institutions to trial stablecoin issuances to shape future policy and licensing around pegged crypto assets.
The messaging app Telegram will split ad profits 50/50 with channel owners starting in March, using TON blockchain and its token Toncoin for seamless crypto payouts.
As Ethereum breaks $3k and Chainlink investors diversify decentralized e-commerce platform Pushd gains momentum in presale for its blockchain transformation of online shopping.
A recent analysis found the stablecoin Tether to have relatively low volatility compared to the wider crypto market, owing to its pegging to fiat currency.
Bitcoin’s surge past $60,000 has renewed crypto market optimism, but Hong Kong’s planned crackdown on small crypto shops illustrates the industry’s uneasy fit with regulation.
Crypto mining firm Marathon Digital introduced Anduro, a new Bitcoin layer-2 platform focused on supporting sidechain development while allowing miners to earn extra income.
Coinbase suffered tech problems like zero balances as Bitcoin hit $64K then dropped 4% in minutes; exchange said aware of errors amid high traffic.
Renowned economist Peter Schiff has sparked controversy after calling Bitcoin “digital anti-gold,” rejecting the idea that it is digital gold. He argues Bitcoin is a bet against gold and inflation hedge, not a store of value. The crypto community strongly disagrees.
A 40-year market veteran predicts Bitcoin could surge to $305,000 by 2025, nearing gold’s $6 trillion monetary value, as BTC taps $86,000 again on its way to surpass its former $93,000 record price.
Rising Bitcoin prices are attracting speculators back to the market, with short-term holders and institutions driving up exchange activity and open futures interest.