Cryptocurrency Index by Hong Kong Exchange Reality or myth?
15 November Hong Kong Exchange to Launch Crypto Index. The Index will provide investors with transparent and reliable benchmarks for Bitcoin pricing in the Asian time zone. The company's HKEX CEO Bonnie Y Chan said it would "reinforce Hong Kong's role as an international financial center". The index will be administered and calculated by CCData, a UK-registered benchmark administrator and virtual asset data and index provider. The index series will include a reference index for $BTC and $ETH ,
Be careful with both long and short positions in the market. The market could turn around sharply. Don't forget to place limit orders to save the deposit. The market is very close to either a breakout or a reversal.
The SEC needs a department that will handle complaints about "unworked patterns of technical analysis" in the crypto market. Otherwise, it is already an abuse of investor trust.
Visa and Coinbase? Love or a short-term affair? Visa and Coinbase have partnered to offer real-time crypto transfers via eligible Visa debit cards. The new feature applies to customers in the U.S. and the European Union. Customers of payments giant Visa (V) can now integrate their eligible debit card into their Coinbase (COIN) accounts and deposit funds, at times instantly, the two firms announced on Tuesday. Clearer regulation in the E.U., for example the adoption of the Markets in Crypto-Assets Act (MiCA) earlier this year, has offered companies some clarity for what they can and can’t do in the region, possibly spurring further expansions to that region at the expense of the U.S.
Mass layoffs in the crypto market or Black Tuesday.
dYdx, the company building an on-chain crypto derivatives exchange, fired 35% of its core team Tuesday, said CEO Antonio Juliano. dYdX is one of the best-known, blockchain-based venues for trading crypto derivatives. Consensys, the maker of the MetaMask wallet, one of the main supporters of the Ethereum network, is laying off 20% of its workforce, blaming broader macroeconomic conditions and ongoing regulatory uncertainty, including the Securities and Exchange Commission’s (SEC) “abuse of power
People who have become active and are asking: “Isn’t it too late to buy Bitcoin?” - of course, it’s not too late, but it’s better to wait for a new historical maximum and buy then.
$BTC Dominance 59,92% 28 October 2024 BTC Dominance reached 59,92%. Which is the highest figure since May 2021. Be careful, the rise to $69,900 could be a bull trap.
What do we know? - October 8, 2024 - In Portugal, at the request of the United States, Alexey Andryunin, the head of the cryptocurrency market maker Gotbit, was detained. - October 10, 2024 - SEC accuses MM #Cumberland DRW of operating as an unregistered dealer in crypto asset markets. Cumberland is the largest recipient of $USDT (Tether). - October 25, 2024 - The Wall Street Journal (WSJ), citing informed sources, learned of the SEC's investigation against Tether. And it doesn't matter what Tether CEO Paolo Ardoino said after that. Now the gaze of all international bodies will be directed at Tether. This week, I'm also waiting for news and statements. There was only a short-term reaction to Saturday's news, and it was most likely retail that reacted. We are waiting for the stock market's reaction on Monday.