The Hong Kong government published the ‘Stablecoin Bill’ in the Official Gazette on December 6 to introduce a regulatory system for fiat currency stablecoin issuers in Hong Kong. The bill is scheduled to be submitted to the Legislative Council for first reading on December 18.The draft bill seeks to strengthen the regulatory framework for cryptocurrency activities to address potential risks associated with fiat stablecoins. The bill also aims to promote financial stability, ensure sufficient protection for users and leverage the benefits that “virtual assets” and related technologies can bring.According to local media reports, the licensing system mentioned in the bill…
Author: Crypto Flexs
Read More
JasmyCoin surged 119% to $0.05534, driven by IoT usage and strong investor sentiment. iDEGEN has raised $2.5 million through an ongoing, dynamic, community-led presale. iDEGEN adapts through AI and social media to provide speculative pre-listing. JasmyCoin (JASMY) has soared to new heights, captivating investors and cryptocurrency enthusiasts around the world. Its incredible performance has resulted in significant gains and has established it as one of the best-performing altcoins on the market. But for those who may have missed JasmyCoin’s initial rise, a new opportunity is emerging. iDEGEN, an AI-based meme token, is gaining momentum and could be the next big…
jack anderson December 6, 2024 06:33 Web3 is driving growth through stablecoins, TradFi integration, and tokenization. Bitcoin reaches new highs and tokenization expands, marking a major milestone in the industry. According to Chainalytic, the cryptocurrency sector is witnessing a phase of transformation characterized by the increasing influence of stablecoins, the integration of traditional finance (TradFi), and a burgeoning tokenization sector. This evolution is occurring as Bitcoin (BTC) has achieved unprecedented price levels, with BTC prices exceeding $100,000 in March and December 2024, indicating strong market demand. Stablecoins Drive Global Adoption Stablecoins have emerged as…
The widely respected analyst and trader is taking a bullish stance on the large-cap altcoin, which has surged more than five-fold in a month. The analyst, who goes by the pseudonym Sherpa, told his 233,400 followers on social media platform XRP is trading at $2.65 at the time of writing, about 23% below its all-time high of $3.40. Source: Altcoin Sherpa/X The third-largest cryptocurrency asset by market capitalization is up about 434% since November 4. According to an anonymous analyst, the XRP/Bitcoin pair offers a “much better” risk-reward ratio. According to Sherpa’s chart, XRP/BTC is sitting below a resistance level…
Trump aims to establish more cryptocurrency-friendly regulations under his administration by creating a new cryptocurrency position in the White House. He chose David Sacks. US President-elect Donald Trump announced that venture capitalist Craft Ventures David Sacks will be the White House’s AI and cryptocurrency czar. This position is a new addition to the government agency after Trump set a goal of making the United States the cryptocurrency capital of the world. Sacks will guide artificial intelligence and cryptocurrency regulation and establish the legal framework for both industries. He will also lead the President’s Council of Advisors on Science and Technology.…
Terrill Dickey December 6, 2024 04:17 Perplexity AI leverages NVIDIA’s inference stack, including H100 Tensor Core GPUs and Triton Inference Server, to manage over 435 million search queries per month, optimizing performance and reducing costs. Perplexity AI, a leading AI-powered search engine, successfully manages over 435 million searches every month thanks to NVIDIA’s advanced inference stack. According to NVIDIA’s official blog, the platform integrates NVIDIA H100 Tensor Core GPUs, Triton Inference Server, and TensorRT-LLM to efficiently deploy large language models (LLMs). Provides multiple AI models To meet diverse user needs, Perplexity AI operates more…
Render prices rose 40.16% over the past day to hit a nine-month high. Market indicators suggested that altcoins could reach new ATHs. Over the past 24 hours, Render (RNDR) experienced a massive rally hitting a 9-month high of $11.853. It increased by 40.16% during this period. The altcoin saw an exponential surge in trading activity, with trading volume increasing 244.93% to $4.23 billion. At the same time, the market capitalization exceeded $5 billion. During this period, Render outperformed Bitcoin (BTC) despite BTC surpassing the $100,000 target. Among AI coins, Internet Computer Protocol (ICP) fell 2.08%, BitTensor (TAO) fell 5.23%, and…
Tony Kim December 6, 2024 02:32 Pantera Capital highlights the trillion-dollar potential of emerging markets and emphasizes technological advancements and strategic investments as key drivers for economic growth and transformation. Leading investment firm Pantera Capital has revealed insights into the rapidly growing $1 trillion opportunity in emerging markets. The company emphasizes the transformative potential of technological advancements and strategic investments as pivotal drivers for significant economic growth and development. Technological advancement as a catalyst According to Pantera Capital, technological innovations, especially in the areas of blockchain, artificial intelligence and fintech, are changing the landscape…
Chainwire, Zug, Switzerland, December 5, 2024 Holyheld, a leading Swiss cryptocurrency payments startup, today announced that it has secured funding to accelerate its BRRR protocol through investments from Toyota Ventures, TempleDAO, Tomahawk VC, Prismatic Capital, Zee Prime Capital, Polygon, Kosmos Ventures, Moonlanding Ventures, and others. I did it. Angel investor in major projects including Lido, Olympus, Dinero, Paragon, Superfluid, vfat, Inverse Finance, Daedalus, DCV, Generative Ventures, and Vamient. In an effort to fill the critical infrastructure needed for users to instantly transact globally with merchants, Holyheld’s BRRR protocol aims to create a global layer of real-time payments by connecting public…
Australia’s National Financial Intelligence Agency has identified cryptocurrencies as a priority this year and is forming a new task force to crack down on cryptocurrency ATM providers that may be violating anti-money laundering laws.In a statement on December 6, Australian Transaction Reporting and Analysis Center (AUSTRAC) CEO Brendan Thomas said the government agency would shift its focus to the cryptocurrency industry in 2025. “Cryptocurrencies and cryptocurrency ATMs are an attractive vehicle for criminals looking to launder money because they are widely accessible and allow for near-instantaneous, irreversible transfers,” he added.“This is the first step in AUSTRAC’s focus to reduce criminal…