hedy2637 pfp

hedy2637

@hedy2637

199 Following
95 Followers
hedy2637 pfp
hedy2637
@hedy2637
The bill entered the Legislative Council on Dec. 6, 2024, and had its first of three readings on Dec. 18. If enacted, it will require stablecoin issuers to obtain an HKMA license and comply with reserve and price stability requirements.
0 reply
0 recast
0 reaction
hedy2637 pfp
hedy2637
@hedy2637
The venture will apply for a license under Hong Kong’s proposed stablecoin bill, which is still under review.
0 reply
0 recast
0 reaction
hedy2637 pfp
hedy2637
@hedy2637
At the time of this writing, TRUMP is trading at around $27, down by 19% from the all-time high, and has captured narrative attention on social media and in the crypto community.
0 reply
0 recast
0 reaction
hedy2637 pfp
hedy2637
@hedy2637
Since launching on Jan. 17, the Trump token surged by over 12,500% and hit a high of approximately $35 on Jan. 18 before falling down by roughly 35%.
0 reply
0 recast
0 reaction
hedy2637 pfp
hedy2637
@hedy2637
However, the memecoin was later confirmed as authentic by the Trump family — driving the price of the token higher.
0 reply
0 recast
0 reaction
hedy2637 pfp
hedy2637
@hedy2637
Accelerating stablecoin adoption is particularly bullish for decentralized finance (DeFi), as “stablecoins are the on-ramp to decentralized finance,” Citi said.
0 reply
11 recasts
5 reactions
hedy2637 pfp
hedy2637
@hedy2637
Federal Bureau of Investigation officials arrested Council in Alabama on Oct. 17. He has pleaded not guilty to one count of conspiracy to commit aggravated identity theft and access device fraud.
0 reply
9 recasts
14 reactions
hedy2637 pfp
hedy2637
@hedy2637
In his order, Nicholas said he was “satisfied that Bit Trade’s contraventions were serious and motivated by a desire to maximize revenue.”
0 reply
1 recast
1 reaction
hedy2637 pfp
hedy2637
@hedy2637
“This is a significant outcome,” Longo said. “It is ASIC’s first penalty against an entity for failing to have a TMD and a reminder for digital assets firms to consider their regulatory compliance obligations.”
0 reply
1 recast
1 reaction
hedy2637 pfp
hedy2637
@hedy2637
Longo added that over 1,100 Australians used the product, were charged over $7 million in fees and interest, and lost over $5 million, “including one investor who lost almost US$4 million.”
0 reply
1 recast
1 reaction
hedy2637 pfp
hedy2637
@hedy2637
Bitcoin-stacking firms BlackRock and MARA Holdings bought a combined 9,173 Bitcoin while an unknown whale scooped up 600 Bitcoin as the cryptocurrency’s price fell to $92,957 on Dec. 5.
0 reply
2 recasts
13 reactions
hedy2637 pfp
hedy2637
@hedy2637
“The Bitcoin reserve is good, but it does not solve the problem,” Roy said, “You still have to actually do the budgetary reforms to get us out of this $2 trillion a year of federal deficits.”
0 reply
1 recast
10 reactions
hedy2637 pfp
hedy2637
@hedy2637
Avik Roy, president of the think tank the Foundation for Research on Equal Opportunity, said at a crypto summit last month that it is “an overselling of what Bitcoin could do.”
0 reply
1 recast
9 reactions
hedy2637 pfp
hedy2637
@hedy2637
Lummis’s Bitcoin reserve push is centered around addressing the country’s $36 trillion national debt.
0 reply
1 recast
11 reactions
hedy2637 pfp
hedy2637
@hedy2637
Summers served as treasury secretary between 1999 and 2001 under the Clinton administration and, in 2016, had a stint as an adviser to the crypto conglomerate Digital Currency Group (DCG).
0 reply
1 recast
11 reactions
hedy2637 pfp
hedy2637
@hedy2637
“I think we need to support financial innovation wherever it may go, and there are probably respects in which crypto has been over-regulated by overzealous regulators,” he said.
0 reply
1 recast
10 reactions
hedy2637 pfp
hedy2637
@hedy2637
Some Trump-aligned Republicans, most prominently Wyoming Senator Cynthia Lummis, want to push through a bill that would have the government buy 1 million BTC — about 5% of its total supply — and hold it for at least 20 years.
0 reply
1 recast
9 reactions
hedy2637 pfp
hedy2637
@hedy2637
“I understand why we need a national oil reserve. I understand why a century ago, we accumulated gold in Fort Knox,” he said. “Of all the prices to support, why would the government choose to support, by accumulating a sterile inventory, a bunch of Bitcoin?”
0 reply
1 recast
5 reactions
hedy2637 pfp
hedy2637
@hedy2637
“Some of what is being said, this idea that we should have some kind of national Bitcoin reserve, is crazy,” Summers told Bloomberg TV on Dec. 6.
0 reply
1 recast
5 reactions
hedy2637 pfp
hedy2637
@hedy2637
Former United States treasury secretary Lawrence Summers dismissed President-elect Donald Trump’s plan for a strategic Bitcoin reserve as “crazy” and a means to pander to his crypto campaign donors.
0 reply
1 recast
5 reactions