CryptoNews

Hong Kong Regulator Warns of 2 Entities Suspected of Crypto Frauds

December 10, 2023
Hong Kong’s financial regulator has warned the public about two entities suspected of crypto frauds. In addition to issuing cease and desist letters to relevant website operators requesting them to cease offering crypto tokens for purchases, the regulator advises the public to “be cautious about too-good-to-be-true investment opportunities and advice posted on social media platforms and via…
Read more
CryptoNews

US Senator Calls for Light Crypto Regulation That Doesn't Kill Innovation and Drive Companies Offshore

December 9, 2023
A U.S. senator says Congress needs to regulate the crypto industry “with a light touch that doesn’t kill innovation in the U.S.” Noting that crypto “has the potential to disrupt much of the traditional banking model,” he stressed that crypto regulation needs to be appropriate to avoid driving companies offshore. ‘We Need to Regulate With a Light Touch’ Senator Bill Hagerty (R-TN), a…
Read more
CryptoNews

El Salvador Introduces Exclusive Citizenship Through $1 Million Crypto Investment

December 9, 2023
El Salvador has unveiled a new citizenship investment program, the “Freedom Visa,” open to a limited number of applicants. By investing $1 million in bitcoin or tether, participants can secure Salvadoran citizenship. El Salvador’s Bold Bid: Citizenship for Crypto Millionaires In a newly announced move, El Salvador, recognized for granting bitcoin (BTC) legal tender status in 2021, has now…
Read more
CryptoNews

Institutional Traders' BTC Holding Percentage Increased 'Almost Twofold' Between January and September

December 9, 2023
The bitcoin held by institutional traders (INS) in their respective crypto portfolios saw an “almost twofold” increase in the initial three quarters of 2023. Institutional traders’ BTC allocation shifted from under 40% in January to nearly 50% by the end of September. The Spot Bitcoin ETF Factor According to a study conducted by the crypto platform Bybit, the bitcoin held by INS saw an…
Read more