Hong Kong’s digital assets regulations are favorable, but banking regulations may hinder industry growth and the recent Bitcoin rally following BlackRock’s iShares ETF filing was short-lived.
President Xi Jinping and Bill Gates, co-founder of Microsoft and co-chair of the Bill & Melinda Gates Foundation, met on Friday in Beijing, as reported by Chinese state media.
A Bitcoin whale transferred 50 BTC, worth over $1.2 million, that had been inactive for 13 years after being mined in 2010.
Following SEC accusations claiming violations of securities laws, the US-based Binance affiliate fired staff and froze dollar deposits and withdrawals, increasing the turbulence in the cryptocurrency sector.
Yann LeCun, Chief AI Scientist at Meta, expressed a different viewpoint from “other godfathers” such as Geoffrey Hinton and Yoshua Bengio, who have cautioned about the potential threat of AI to humans during a media event in Paris.
A member of the community expressed admiration for the bot, stating that any profit is profit. Meanwhile, another member commented that this event serves as a testament to the severity of the bear market.
Texas securities regulators have issued an emergency cease-and-desist order against Abra, alleging that the crypto lender has been insolvent since March 31, 2023, and engaged in securities fraud, while misleading the public.
It has been estimated by the cryptocurrency exchange that a sum of $45.5 million in cash will suffice to redeem the instruments.
Bitcoin experienced a decline of over 10% as the Federal Reserve declared its intention to discontinue its rate hike cycle, leading to significant disruption in financial markets.
June presents promising growth opportunities for digital currencies, making it crucial for investors to stay up-to-date with market trends and movements.
