HongKong2024
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🎉🚀 Get ready for the grand opening of the 2024 Hong Kong Web3 Carnival on April 6! 🎉🚀
From April 6 to April 9, join us at the prestigious Hong Kong Convention and Exhibition Center, 3rd Floor FG (1 Expo Drive Wan Chai, Hong Kong) for an electrifying event like no other! 💥
The excitement is palpable as industry leaders, innovators, and enthusiasts come together to explore the future of Web3 technology. 🌐 With a lineup featuring top projects, groundbreaking innovations, and thought-provoking discussions, the stage is set for a carnival of inspiration and discovery! 🎡💡
As the countdown begins, the anticipation mounts—get ready to witness the market soar to new heights! ✈️🚀
Don't miss out on this epic event—see you there! 💫
#Web3Carnival #HongKong2024 #CryptoRevolution 💻🌟
Follow | Like ❤️ | Quote 🔄 | Comment🙏
From April 6 to April 9, join us at the prestigious Hong Kong Convention and Exhibition Center, 3rd Floor FG (1 Expo Drive Wan Chai, Hong Kong) for an electrifying event like no other! 💥
The excitement is palpable as industry leaders, innovators, and enthusiasts come together to explore the future of Web3 technology. 🌐 With a lineup featuring top projects, groundbreaking innovations, and thought-provoking discussions, the stage is set for a carnival of inspiration and discovery! 🎡💡
As the countdown begins, the anticipation mounts—get ready to witness the market soar to new heights! ✈️🚀
Don't miss out on this epic event—see you there! 💫
#Web3Carnival #HongKong2024 #CryptoRevolution 💻🌟
Follow | Like ❤️ | Quote 🔄 | Comment🙏
𝗕𝗧𝗖 𝗮𝗻𝗱 𝗘𝗧𝗛 𝗦𝗲𝗲 𝗨𝗽𝘁𝗶𝗰𝗸 𝗮𝘀 𝗛𝗼𝗻𝗴 𝗞𝗼𝗻𝗴 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗘𝗧𝗙 𝗔𝗽𝗽𝗹𝗶𝗰𝗮𝗻𝘁𝘀 𝗥𝗲𝗽𝗼𝗿𝘁 𝗔𝗽𝗽𝗿𝗼𝘃𝗮𝗹
Bitcoin has climbed 2.8% in the last 24 hours, surpassing $66,500, while Ethereum reaches $3,240.
Several Hong Kong applicants, including China Asset Management and Bosera Capital, claim approval for spot crypto ETFs, though the SFC has not issued an official statement.
Despite this, industry insiders anticipate institutional demand to rise during Asia trading hours once the ETFs are approved, offering a bullish short-term outlook amidst broader market narratives and macro events.
#etf #BinanceLaunchpool #HongKong2024
Bitcoin has climbed 2.8% in the last 24 hours, surpassing $66,500, while Ethereum reaches $3,240.
Several Hong Kong applicants, including China Asset Management and Bosera Capital, claim approval for spot crypto ETFs, though the SFC has not issued an official statement.
Despite this, industry insiders anticipate institutional demand to rise during Asia trading hours once the ETFs are approved, offering a bullish short-term outlook amidst broader market narratives and macro events.
#etf #BinanceLaunchpool #HongKong2024
𝗛𝗼𝗻𝗴 𝗞𝗼𝗻𝗴 𝗚𝗶𝘃𝗲𝘀 𝗡𝗼𝗱 𝘁𝗼 𝗦𝗽𝗼𝘁 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗮𝗻𝗱 𝗘𝘁𝗵𝗲𝗿𝗲𝘂𝗺 𝗘𝗧𝗙𝘀 𝗔𝗺𝗶𝗱 𝗖𝗿𝘆𝗽𝘁𝗼 𝗠𝗮𝗿𝗸𝗲𝘁 𝗥𝗲𝗯𝗼𝘂𝗻𝗱
As Bitcoin and Ethereum prices bounce back, Hong Kong embraces the trend with approvals for spot cryptocurrency ETFs, reinforcing its status as a crypto hub.
The move comes ahead of the Bitcoin halving event, boosting market optimism. Despite setbacks like the JPEX fraud, Hong Kong remains competitive against Singapore and Dubai in attracting crypto ventures.
The news sparks a market recovery, with Bitcoin rising 3.1% and Ethereum nearly 6% in the past 24 hours. Solana also sees a 7.4% surge, possibly fueled by network updates
#HongKong2024 #BinanceLaunchpool #write2earn🌐💹
As Bitcoin and Ethereum prices bounce back, Hong Kong embraces the trend with approvals for spot cryptocurrency ETFs, reinforcing its status as a crypto hub.
The move comes ahead of the Bitcoin halving event, boosting market optimism. Despite setbacks like the JPEX fraud, Hong Kong remains competitive against Singapore and Dubai in attracting crypto ventures.
The news sparks a market recovery, with Bitcoin rising 3.1% and Ethereum nearly 6% in the past 24 hours. Solana also sees a 7.4% surge, possibly fueled by network updates
#HongKong2024 #BinanceLaunchpool #write2earn🌐💹
𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗶𝘀 𝗯𝗮𝗰𝗸 𝗶𝗻 𝘁𝗵𝗲 𝗴𝗿𝗲𝗲𝗻 𝘇𝗼𝗻𝗲, 𝘄𝗶𝘁𝗵 𝘁𝗵𝗲 𝗰𝗿𝘆𝗽𝘁𝗼 𝗺𝗮𝗿𝗸𝗲𝘁 𝗲𝗮𝗴𝗲𝗿𝗹𝘆 𝗮𝘄𝗮𝗶𝘁𝗶𝗻𝗴 𝘁𝗵𝗲 𝗱𝗲𝗰𝗶𝘀𝗶𝗼𝗻 𝗼𝗻 𝘁𝗵𝗲 𝗛𝗼𝗻𝗴 𝗞𝗼𝗻𝗴 𝘀𝗽𝗼𝘁 𝗘𝗧𝗙.
BTC is trading above $65,000, while ether has surged back above $3,100, indicating a calmer market after recent geopolitical tensions.
The dip below $62,000 over the weekend was attributed to market jitters amid geopolitical uncertainties, which have since subsided.
Traders are now focusing on the potential approval of BTC ETFs in Hong Kong, which could unleash significant demand, estimated to be up to $25 billion.
The market was already under pressure due to U.S. tax season and anticipation of the halving, exacerbating the recent volatility.
The launch of ETFs this week could provide easier access to digital assets for traders in China, potentially influencing market dynamics.
#BinanceLaunchpool #HongKong2024 #BTC🔥🔥🔥🔥🔥🔥 #write2earn🌐💹
BTC is trading above $65,000, while ether has surged back above $3,100, indicating a calmer market after recent geopolitical tensions.
The dip below $62,000 over the weekend was attributed to market jitters amid geopolitical uncertainties, which have since subsided.
Traders are now focusing on the potential approval of BTC ETFs in Hong Kong, which could unleash significant demand, estimated to be up to $25 billion.
The market was already under pressure due to U.S. tax season and anticipation of the halving, exacerbating the recent volatility.
The launch of ETFs this week could provide easier access to digital assets for traders in China, potentially influencing market dynamics.
#BinanceLaunchpool #HongKong2024 #BTC🔥🔥🔥🔥🔥🔥 #write2earn🌐💹
🚨 Breaking News :- Hong Kong's Bitcoin & Ethereum ETFs Explode with $292M Day One Inflows ‼️
In a dazzling debut that's turning heads across the financial world, Hong Kong's freshly launched Bitcoin and Ethereum ETFs have collectively raked in a jaw-dropping $292 million on their very first day! 🚀🔥
Here's the Breakdown:
🔵 Dominant Bitcoin: $BTC took the lion's share with 85% of the total inflows, showing its continued market strength and investor confidence.
🔵 Ethereum's Strong Hold: Despite Bitcoin's dominance, $ETH made a significant mark by capturing the remaining 15%, highlighting its solid standing in the crypto landscape.
➡️ Why This Is HUGE:
🔵 Market Confidence: This massive influx on day one signals strong investor confidence in both cryptocurrencies and the Hong Kong market's potential.
🔵 Global Impact: These impressive numbers could spark further interest in cryptocurrency ETFs worldwide, potentially leading to more launches and increased mainstream adoption.
🔵 Bullish Vibes: With such strong opening inflows, the mood around Bitcoin and Ethereum is more bullish than ever, suggesting that the momentum for both could continue to build. 🚀🛸
#HongKong2024 #BTC #BinanceLaunchpool #buythedip #fomc $BTC
In a dazzling debut that's turning heads across the financial world, Hong Kong's freshly launched Bitcoin and Ethereum ETFs have collectively raked in a jaw-dropping $292 million on their very first day! 🚀🔥
Here's the Breakdown:
🔵 Dominant Bitcoin: $BTC took the lion's share with 85% of the total inflows, showing its continued market strength and investor confidence.
🔵 Ethereum's Strong Hold: Despite Bitcoin's dominance, $ETH made a significant mark by capturing the remaining 15%, highlighting its solid standing in the crypto landscape.
➡️ Why This Is HUGE:
🔵 Market Confidence: This massive influx on day one signals strong investor confidence in both cryptocurrencies and the Hong Kong market's potential.
🔵 Global Impact: These impressive numbers could spark further interest in cryptocurrency ETFs worldwide, potentially leading to more launches and increased mainstream adoption.
🔵 Bullish Vibes: With such strong opening inflows, the mood around Bitcoin and Ethereum is more bullish than ever, suggesting that the momentum for both could continue to build. 🚀🛸
#HongKong2024 #BTC #BinanceLaunchpool #buythedip #fomc $BTC
What to expect from the Hong Kong join to Crypto market ….
Since their joining is first of May there was an inflow of billions into tge crypto that got coins like BTC down #BNB TO 550 #Solana to almost 100 $
I expect a major bullish before week end
This is the best time to invest
#write2earnonbinancesquare #HongKong2024 #writetoearn
Since their joining is first of May there was an inflow of billions into tge crypto that got coins like BTC down #BNB TO 550 #Solana to almost 100 $
I expect a major bullish before week end
This is the best time to invest
#write2earnonbinancesquare #HongKong2024 #writetoearn
"Hong Kong Lawmaker Proposes Bitcoin as Official Reserve Asset
Johnny Ng, a legislator from Hong Kong, has suggested that Bitcoin be considered as an official financial reserve for the region. In a recent social media post, Ng highlighted Bitcoin's growing global acceptance and its reputation as "digital gold." He proposed that including Bitcoin in Hong Kong's strategic financial reserves could be a viable option in the future, pending regulatory compliance.
Ng plans to engage with stakeholders in Hong Kong to discuss the potential benefits and implications of adding Bitcoin to the region's financial reserves. He will provide updates on the progress of these discussions as they unfold. $BTC #HongKong2024"
Or
"Hong Kong Legislator Eyes Bitcoin as Potential Reserve Asset
Johnny Ng, a member of Hong Kong's legislative council, has floated the idea of adding Bitcoin to the region's official financial reserves. In a recent online post, Ng noted Bitcoin's increasing global recognition and its perceived value as a digital store of wealth.
He suggested that Bitcoin could be considered for inclusion in Hong Kong's strategic reserves in the future, subject to regulatory requirements. Ng intends to consult with local stakeholders to explore the feasibility of this proposal and will share updates on any developments. $BTC
#HongKong2024 #shabana #Write2Earn!
Johnny Ng, a legislator from Hong Kong, has suggested that Bitcoin be considered as an official financial reserve for the region. In a recent social media post, Ng highlighted Bitcoin's growing global acceptance and its reputation as "digital gold." He proposed that including Bitcoin in Hong Kong's strategic financial reserves could be a viable option in the future, pending regulatory compliance.
Ng plans to engage with stakeholders in Hong Kong to discuss the potential benefits and implications of adding Bitcoin to the region's financial reserves. He will provide updates on the progress of these discussions as they unfold. $BTC #HongKong2024"
Or
"Hong Kong Legislator Eyes Bitcoin as Potential Reserve Asset
Johnny Ng, a member of Hong Kong's legislative council, has floated the idea of adding Bitcoin to the region's official financial reserves. In a recent online post, Ng noted Bitcoin's increasing global recognition and its perceived value as a digital store of wealth.
He suggested that Bitcoin could be considered for inclusion in Hong Kong's strategic reserves in the future, subject to regulatory requirements. Ng intends to consult with local stakeholders to explore the feasibility of this proposal and will share updates on any developments. $BTC
#HongKong2024 #shabana #Write2Earn!
Hong Kong Lawmaker Proposes Regulation for DAOs After Court Case
Hong Kong legislator Johnny Ng has proposed establishing a legal framework to regulate decentralized autonomous organizations (DAOs), aiming to boost the web3 sector in the region.
Ng’s proposal follows a recent Hong Kong High Court ruling involving the Mantra DAO, which required six defendants to disclose financial information about the DAO.
This case is notable as it represents one of the first judicial reviews of a DAO globally. Ng believes that creating a clear regulatory framework could attract international investment and talent to Hong Kong’s web3 industry.
Hong Kong to Tighten Regulations on Stablecoins
The dispute with Mantra DAO centers around asset misappropriation claims. Plaintiff RioDeFi argues that it founded the DAO and had hired two of the six defendants to manage it in 2020.
RioDeFi requested the court to obtain financial records from the DAO, citing issues such as halted reports and unexplained crypto wallet withdrawals.The defendants, however, contend that producing these documents would be burdensome, citing a lack of resources. They also argued that decision-making power within the DAO rests with OM token holders.
High Court Justice David Lok responded by asserting that the defendants are responsible for maintaining accurate financial records and should provide these details as required.
#PowellAtJacksonHole #CryptoMarketMoves #BinanceBlockchainWeek #LowestCPI2021 #HongKong2024
Ng’s proposal follows a recent Hong Kong High Court ruling involving the Mantra DAO, which required six defendants to disclose financial information about the DAO.
This case is notable as it represents one of the first judicial reviews of a DAO globally. Ng believes that creating a clear regulatory framework could attract international investment and talent to Hong Kong’s web3 industry.
Hong Kong to Tighten Regulations on Stablecoins
The dispute with Mantra DAO centers around asset misappropriation claims. Plaintiff RioDeFi argues that it founded the DAO and had hired two of the six defendants to manage it in 2020.
RioDeFi requested the court to obtain financial records from the DAO, citing issues such as halted reports and unexplained crypto wallet withdrawals.The defendants, however, contend that producing these documents would be burdensome, citing a lack of resources. They also argued that decision-making power within the DAO rests with OM token holders.
High Court Justice David Lok responded by asserting that the defendants are responsible for maintaining accurate financial records and should provide these details as required.
#PowellAtJacksonHole #CryptoMarketMoves #BinanceBlockchainWeek #LowestCPI2021 #HongKong2024
🚨 Top 12 Crypto News in The Last Couple of Hours
1️⃣Hong Kong Bitcoin Spot #ETFs See Significant Inflows This Week
2️⃣#AIIB Issues $300 Million Digital Bond Using Blockchain Technology
3️⃣#Polygon Community Discord Compromised, Users Warned Against Clicking Links
4️⃣#Polar Bear Launches Bonus Plans for PBC Users
5️⃣ #Velodrome Finance Sees Significant Price Surge
6️⃣#Ethereum Layer 2 Networks See Significant Increase In Total Value Locked
7️⃣#Bitcoin(BTC) Surpasses 64,000 USDT with a 4.94% Increase in 24 Hours
8️⃣ #FWOG Sees Significant Surge, Breaks $0.028 Mark
9️⃣#BNB Drops Below 580 USDT with a 0.41% Decrease in 24 Hours
🔟#Thailand Central Bank To Announce Approved Virtual Banks In 2025
1️⃣1️⃣ #Grayscale Bitcoin Trusts Reach Significant Milestones in Asset Management
1️⃣2️⃣#Radix Announces $37 Million XRD Grant Fund for Ecosystem Development
Stay updated with the latest crypto news!
🍁 Published By: @YourCryptoMentor 🍁
#MtGoxRepayments
#Graysacle
#HongKong2024
$BTC
$ETH
$BNB
1️⃣Hong Kong Bitcoin Spot #ETFs See Significant Inflows This Week
2️⃣#AIIB Issues $300 Million Digital Bond Using Blockchain Technology
3️⃣#Polygon Community Discord Compromised, Users Warned Against Clicking Links
4️⃣#Polar Bear Launches Bonus Plans for PBC Users
5️⃣ #Velodrome Finance Sees Significant Price Surge
6️⃣#Ethereum Layer 2 Networks See Significant Increase In Total Value Locked
7️⃣#Bitcoin(BTC) Surpasses 64,000 USDT with a 4.94% Increase in 24 Hours
8️⃣ #FWOG Sees Significant Surge, Breaks $0.028 Mark
9️⃣#BNB Drops Below 580 USDT with a 0.41% Decrease in 24 Hours
🔟#Thailand Central Bank To Announce Approved Virtual Banks In 2025
1️⃣1️⃣ #Grayscale Bitcoin Trusts Reach Significant Milestones in Asset Management
1️⃣2️⃣#Radix Announces $37 Million XRD Grant Fund for Ecosystem Development
Stay updated with the latest crypto news!
🍁 Published By: @YourCryptoMentor 🍁
#MtGoxRepayments
#Graysacle
#HongKong2024
$BTC
$ETH
$BNB
Licensing issues test Hong Kong's goals in the cryptocurrency space.
Regulatory worries have caused over a dozen exchanges to struggle to obtain complete licenses, which is a roadblock to Hong Kong's ambitions to become a crypto powerhouse.
During on-site inspections of 11 "deemed-to-be-licensed" exchanges, the city's Securities and Futures Commission reportedly found unacceptable procedures, casting doubt on the exchanges' capacity to fulfill all licensing requirements. According to the study, the research found that certain exchanges were unduly dependent on a small group of executives to oversee the custody of customer assets, while other exchanges are not "properly guarding against cybercrime risks."
According to reports, the exchanges under investigation include well-known ones like Crypto.com and Bullish in addition to regional platforms like HKbitEX and PantherTrade.
The SFC is focusing on enforcing strict compliance among crypto platforms, including safeguarding client assets and enforcing robust know-your-client protocols. This comes after a scandal involving JPEX, an unlicensed crypto platform accused of defrauding over 2,600 victims of more than $200 million. The SFC previously reported that JPEX and crypto influencers made false or misleading claims.
But, the regulator later mentioned that JPEX had not submitted any such application, despite its assertions of being a “licensed and recognized platform for facilitating the trading of digital assets and virtual currency.”
#hongkongweb3 #HongKong2024 #CryptoNewss #BinanceBlockchainWeek #LowestCPI2021
During on-site inspections of 11 "deemed-to-be-licensed" exchanges, the city's Securities and Futures Commission reportedly found unacceptable procedures, casting doubt on the exchanges' capacity to fulfill all licensing requirements. According to the study, the research found that certain exchanges were unduly dependent on a small group of executives to oversee the custody of customer assets, while other exchanges are not "properly guarding against cybercrime risks."
According to reports, the exchanges under investigation include well-known ones like Crypto.com and Bullish in addition to regional platforms like HKbitEX and PantherTrade.
The SFC is focusing on enforcing strict compliance among crypto platforms, including safeguarding client assets and enforcing robust know-your-client protocols. This comes after a scandal involving JPEX, an unlicensed crypto platform accused of defrauding over 2,600 victims of more than $200 million. The SFC previously reported that JPEX and crypto influencers made false or misleading claims.
But, the regulator later mentioned that JPEX had not submitted any such application, despite its assertions of being a “licensed and recognized platform for facilitating the trading of digital assets and virtual currency.”
#hongkongweb3 #HongKong2024 #CryptoNewss #BinanceBlockchainWeek #LowestCPI2021
Hong Kong accepts crypto license application past deadline🚨🚨
Hong Kong Digital Asset Xchange Limited is the latest firm to apply for a license, having submitted their application on Aug. 27.
#CryptoMarketMoves #TON #DOGSONBINANCE #HongKong2024
Hong Kong Digital Asset Xchange Limited is the latest firm to apply for a license, having submitted their application on Aug. 27.
#CryptoMarketMoves #TON #DOGSONBINANCE #HongKong2024
Hong Kong Crypto Exchanges Face Challenges to Get Full Licenses !!
According to a Bloomberg report, Hong Kong's Securities and Futures Commission (SFC) found "unsatisfactory practices" at "some" of the cryptocurrency exchanges seeking a full license from it after conducting on-site inspections.
There is now uncertainty over whether all 11 crypto exchanges will achieve full licenses.
The report states that the regulator found some of the crypto firms overly reliant on a handful of executives to oversee the custody of client assets. It also states that others were not properly guarding against cybercrime risks.
#hongkongweb3 #HongKong2024 #sfc #DOGSONBINANCE #CryptoMarketMoves
According to a Bloomberg report, Hong Kong's Securities and Futures Commission (SFC) found "unsatisfactory practices" at "some" of the cryptocurrency exchanges seeking a full license from it after conducting on-site inspections.
There is now uncertainty over whether all 11 crypto exchanges will achieve full licenses.
The report states that the regulator found some of the crypto firms overly reliant on a handful of executives to oversee the custody of client assets. It also states that others were not properly guarding against cybercrime risks.
#hongkongweb3 #HongKong2024 #sfc #DOGSONBINANCE #CryptoMarketMoves
Does Hong Kong’s slow approach to crypto regulation risk stifling digital asset growth? #HongKong2024
Hong Kong risks falling behind in crypto as the city is urged to speed up regulation to keep pace with the rapidly evolving industry.
$BTC
Hong Kong-based First Digital Trust expressed hopes that the city will accelerate the regulation of the digital assets sector.
$ETH
Hong Kong, aiming to position itself as a global hub for cryptocurrency, currently has only two fully licensed virtual asset trading platforms: Hash Blockchain and OSL Digital Securities. Many other crypto exchanges are still awaiting full operational licenses in the city.
$BNB
“It is understandable its (Hong Kong’s) current approach to regulation in trading is more conservative and slower than some other jurisdictions since it prioritizes the protection of investors,” Vincent Chok, CEO of First Digital, told Cointelegraph in an exclusive interview. However, he pointed out:
“We hope to see regulation move faster to ensure it does not fall behind the industry’s fast pace of development.”
As of June 1, operating an unlicensed virtual asset trading platform (VATP) in Hong Kong became a criminal offense. Meanwhile, Hong Kong’s Securities and Futures Commission published an “alert list” that names “suspicious virtual asset trading platforms” or unlicensed entities operating in Hong Kong. SFC said these entities could be targeting Hong Kong investors.
Will Hong Kong emulate Dubai? #Dubia
On July 17, the Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA) published their findings on local stablecoin regulation.
A week later, on July 24, Jingdong Coinlink Technology Hong Kong Limited, a JD Technology Group subsidiary, announced plans to issue a 1:1 stablecoin pegged to the Hong Kong dollar (HKD). The HKMA recognizes the company as a participant in the sandbox program.
Hong Kong risks falling behind in crypto as the city is urged to speed up regulation to keep pace with the rapidly evolving industry.
$BTC
Hong Kong-based First Digital Trust expressed hopes that the city will accelerate the regulation of the digital assets sector.
$ETH
Hong Kong, aiming to position itself as a global hub for cryptocurrency, currently has only two fully licensed virtual asset trading platforms: Hash Blockchain and OSL Digital Securities. Many other crypto exchanges are still awaiting full operational licenses in the city.
$BNB
“It is understandable its (Hong Kong’s) current approach to regulation in trading is more conservative and slower than some other jurisdictions since it prioritizes the protection of investors,” Vincent Chok, CEO of First Digital, told Cointelegraph in an exclusive interview. However, he pointed out:
“We hope to see regulation move faster to ensure it does not fall behind the industry’s fast pace of development.”
As of June 1, operating an unlicensed virtual asset trading platform (VATP) in Hong Kong became a criminal offense. Meanwhile, Hong Kong’s Securities and Futures Commission published an “alert list” that names “suspicious virtual asset trading platforms” or unlicensed entities operating in Hong Kong. SFC said these entities could be targeting Hong Kong investors.
Will Hong Kong emulate Dubai? #Dubia
On July 17, the Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA) published their findings on local stablecoin regulation.
A week later, on July 24, Jingdong Coinlink Technology Hong Kong Limited, a JD Technology Group subsidiary, announced plans to issue a 1:1 stablecoin pegged to the Hong Kong dollar (HKD). The HKMA recognizes the company as a participant in the sandbox program.
🚨 Worldcoin Privacy Violation in Hong Kong 🚨
Worldcoin, a Web3 project aiming for universal basic income via iris scanning for identity verification, is under scrutiny for privacy violations.
Key Points:
- Regulatory Action: Hong Kong's Privacy Commissioner found Worldcoin violated the Personal Data Privacy Ordinance.
- Privacy Issues: Collection of iris and facial images deemed unnecessary and excessive.
- Enforcement Notice: Worldcoin must stop collecting iris and facial images in Hong Kong.
- Data Management: Retention of personal data for 10 years violates privacy principles.
- Investigation: Conducted at six locations, involving over 8,300 scans.
- New Measures: Users can now permanently delete their iris data with a six-month cooling-off period.
🔗 Source: Hong Kong 01
$WLD
#WorldCoin. #PrivacyProtection #Web3 #DataProtection #HongKong2024
Worldcoin, a Web3 project aiming for universal basic income via iris scanning for identity verification, is under scrutiny for privacy violations.
Key Points:
- Regulatory Action: Hong Kong's Privacy Commissioner found Worldcoin violated the Personal Data Privacy Ordinance.
- Privacy Issues: Collection of iris and facial images deemed unnecessary and excessive.
- Enforcement Notice: Worldcoin must stop collecting iris and facial images in Hong Kong.
- Data Management: Retention of personal data for 10 years violates privacy principles.
- Investigation: Conducted at six locations, involving over 8,300 scans.
- New Measures: Users can now permanently delete their iris data with a six-month cooling-off period.
🔗 Source: Hong Kong 01
$WLD
#WorldCoin. #PrivacyProtection #Web3 #DataProtection #HongKong2024
The launch of the first Bitcoin and Ethereum ETFs in Hong Kong is a significant development for a few reasons:
Increased Accessibility: ETFs allow traditional investors to gain exposure to Bitcoin and Ethereum without directly buying and holding the cryptocurrency. This could lead to wider adoption and potentially more stable prices.
Legitimization: Regulatory approval by Hong Kong, a major financial center, legitimizes cryptocurrency and could encourage other financial institutions to offer similar products.
Potential for Growth: The Hong Kong ETFs could attract significant investment, potentially driving up the price of Bitcoin and Ethereum. This is especially interesting since the news just broke today, April 15th, 2024.
However, there are also some things to consider:
Limited Scope: Currently, the ETFs only track Bitcoin and Ethereum, the two most established cryptocurrencies. Investors looking for exposure to a wider range of cryptos might need to look elsewhere.
Regulations: The specific regulations surrounding these ETFs are still emerging. Investors should understand the fees, liquidity, and potential risks involved before investing.
Market Volatility: The cryptocurrency market remains volatile, and the price of Bitcoin and Ethereum could still fluctuate significantly, even with the ETFs in place.
Overall, the Hong Kong Bitcoin ETF launch is a positive development for the cryptocurrency industry. It increases accessibility, legitimizes the asset class, and has the potential to drive growth. However, investors should still approach cryptocurrency with caution and do their own research before investing.
#bitcoinhalving #etf #HongKong2024 #HongKongCryptoHub
Increased Accessibility: ETFs allow traditional investors to gain exposure to Bitcoin and Ethereum without directly buying and holding the cryptocurrency. This could lead to wider adoption and potentially more stable prices.
Legitimization: Regulatory approval by Hong Kong, a major financial center, legitimizes cryptocurrency and could encourage other financial institutions to offer similar products.
Potential for Growth: The Hong Kong ETFs could attract significant investment, potentially driving up the price of Bitcoin and Ethereum. This is especially interesting since the news just broke today, April 15th, 2024.
However, there are also some things to consider:
Limited Scope: Currently, the ETFs only track Bitcoin and Ethereum, the two most established cryptocurrencies. Investors looking for exposure to a wider range of cryptos might need to look elsewhere.
Regulations: The specific regulations surrounding these ETFs are still emerging. Investors should understand the fees, liquidity, and potential risks involved before investing.
Market Volatility: The cryptocurrency market remains volatile, and the price of Bitcoin and Ethereum could still fluctuate significantly, even with the ETFs in place.
Overall, the Hong Kong Bitcoin ETF launch is a positive development for the cryptocurrency industry. It increases accessibility, legitimizes the asset class, and has the potential to drive growth. However, investors should still approach cryptocurrency with caution and do their own research before investing.
#bitcoinhalving #etf #HongKong2024 #HongKongCryptoHub
Exciting news alert! Hong Kong is making big moves in the world of blockchain with the introduction of a new vertical in the Global Fast Track 2024 program. This initiative is set to revolutionize the way we think about digital currencies and online transactions.
From increasing security to streamlining processes, blockchain technology is set to change the game. Stay tuned for more updates on this groundbreaking development!
😊 #BlockchainNew #HongKong2024 #HongKong2024 #HongKongFinance
From increasing security to streamlining processes, blockchain technology is set to change the game. Stay tuned for more updates on this groundbreaking development!
😊 #BlockchainNew #HongKong2024 #HongKong2024 #HongKongFinance
📈 Is Hong Kong’s New Bitcoin Inverse Fund a Game-Changer? $BTC
🆕 Hong Kong is set to shake up the crypto market with Asia’s first Bitcoin inverse product. Launching on July 23, the CSOP Bitcoin Futures Daily (-1x) Inverse Product (7376:HK) will offer a unique way to bet against BTC’s price movements. #BTC☀
Tracking the S&P Bitcoin Futures Index, this CME-based fund allows investors to speculate without holding crypto. With HSBC as trustee, it’s a significant step toward institutional crypto exposure in Hong Kong.
⌛️ This follows April’s launch of spot Bitcoin and Ether ETFs, signaling growing crypto acceptance. As BTC revisits $65,000, is this the start of a new era for Asian crypto markets? $BTC
⬇️ What’s your take? Will this fund attract more investors to crypto, or is it just another risky bet?
📌Powered by V3V Ventures $BTC
#HongKong2024 #BTC☀ #BTC500K #BreakingCryptoNews
🆕 Hong Kong is set to shake up the crypto market with Asia’s first Bitcoin inverse product. Launching on July 23, the CSOP Bitcoin Futures Daily (-1x) Inverse Product (7376:HK) will offer a unique way to bet against BTC’s price movements. #BTC☀
Tracking the S&P Bitcoin Futures Index, this CME-based fund allows investors to speculate without holding crypto. With HSBC as trustee, it’s a significant step toward institutional crypto exposure in Hong Kong.
⌛️ This follows April’s launch of spot Bitcoin and Ether ETFs, signaling growing crypto acceptance. As BTC revisits $65,000, is this the start of a new era for Asian crypto markets? $BTC
⬇️ What’s your take? Will this fund attract more investors to crypto, or is it just another risky bet?
📌Powered by V3V Ventures $BTC
#HongKong2024 #BTC☀ #BTC500K #BreakingCryptoNews