Vancouver Mayor Ken Sim is initiating a groundbreaking approach aimed at integrating Bitcoin (BTC) into the city’s investment strategy. By doing so, Sim hopes to transform Vancouver into a crypto-forward city that embraces innovation and diversification in its financial operations. The proposal, titled “Preserving the city’s purchasing power through diversification of financial resources: Becoming a
W-Coin, a vibrant tap-to-earn game hosted on Telegram, has recently implemented an inactivity penalty aimed at stimulating player engagement. This new feature introduces significant changes to how users interact with the game and how their airdrop rewards are calculated. Starting from the moment a player remains inactive for three consecutive days, they can expect to
In an effort to elevate its standing as a global financial and cryptocurrency hub, Hong Kong is taking decisive steps by proposing significant tax exemptions targeting hedge funds, private equity entities, and family offices belonging to high-net-worth individuals. A recent article from the Financial Times outlines this proposal, encapsulated in a comprehensive 20-page government document
The cryptocurrency landscape is undergoing a significant transformation as Bitcoin continues to grapple with the formidable $100,000 mark. Recent trends indicate a noticeable shift in investor focus towards altcoins and Ethereum (ETH), highlighting a potential paradigm shift in the market dynamics as investors seek alternatives that promise higher returns. This article explores the ongoing developments
As the cryptocurrency market continues to evolve, Bitcoin (BTC) has recently set new all-time highs, prompting discussions around the performance of Ethereum (ETH). Often regarded as a lesser counterpart to Bitcoin in terms of price action, Ethereum has not matched Bitcoin’s monumental achievements in recent months. However, analysts are suggesting that this state of stagnation
Bitcoin, the leading cryptocurrency, has experienced significant price fluctuations recently, raising concerns among investors and analysts alike. As of now, Bitcoin’s price sits at approximately $92,864, marking a near 9% drop from its recent high, which just grazed the $100,000 threshold. This decline is not simply a random occurrence in the cryptocurrency’s volatile history; it
Celo, recognized as a significant player among Layer-1 blockchains, is currently undergoing scrutiny as it plans to transition to the Ethereum Layer-2 network within the Optimism Superchain ecosystem. This strategic move, aimed at enhancing scalability and utility, has been met with skepticism, particularly after a notable 5% drop in its native token, CELO. The decline
The cryptocurrency market has undergone significant transformation over recent years, shifting from a niche tech curiosity to a major financial asset class. This evolution has spurred various investment vehicles, with exchange-traded funds (ETFs) emerging as a popular choice among investors. ETFs offer a convenient way to invest indirectly in volatile assets like cryptocurrencies, providing exposure
In an industry marked by volatility and rapid changes, Kraken, a prominent player in the cryptocurrency exchange scene, has announced the closure of its NFT (Non-Fungible Token) marketplace. This decision marks a significant strategic pivot for the company, redirecting its focus toward other emerging sectors and long-term innovations. This article explores the reasons behind Kraken’s
As President-elect Donald Trump assembles his administration, one of his key decisions revolves around the leadership of the US Securities and Exchange Commission (SEC). Reports indicate that Paul Atkins, a veteran financial regulator known for his pro-deregulation stance, is a frontrunner to succeed Gary Gensler as chairman. Atkins, who holds a Republican background, previously served
