Ultimate Resource On Hong Kong Vying For World’s Crypto Hub #GotBitcoin
After Hong Kong’s Financial Secretary Paul Chan announced plans that could lead to an opening up of the crypto market this week, Bloomberg reported China’s mainland government in Beijing could have quietly endorsed the idea, fueling expectations the crypto market could be in for an Asia-led boom. Ultimate Resource On Hong Kong Vying For World’s Crypto Hub #GotBitcoin
“Interest in crypto is a global phenomenon, and regulators in Europe and now in Asia have realized that a base level of regulation is not only necessary but also desirable to build confidence in this nascent industry,” Bradley Duke, co-chief executive at ETC ETC -0.8% Group, said in emailed comments. “Both investors and crypto service providers benefit from the stability brought by sensible regulation—a point that for now seems lost to the U.S. Securities and Exchange Commission (SEC).”
Now, the cofounder of bitcoin and crypto exchange Gemini, Cameron Winklevoss of Facebook-founding fame, has issued a “bull run” price prediction—warning the U.S. can either “embrace [crypto] or be left behind.”
A bitcoin and crypto sentiment shift could be underway, with traders increasingly cheering what appears to be a softening of China’s stance toward crypto following its brutal crackdown in the summer of 2021 that wiped billions from the crypto market.
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“The big question is, in spite of interest rates going up and the dollar gaining strength, is there a catalyst that can push [the bitcoin price over $25,000?],” Gareth Soloway, the chief market strategist at Verified Investing, told Coindesk, pointing to the China narrative as attracting new bitcoin buyers that had been spooked by Federal Reserve interest rate hikes and the threat of looming U.S. regulation over the last year. “I think this narrative out of Hong Kong could be something that helps.”
Hong Kong Monetary Authority Aims To Oversee Stablecoin Reserves
Hong Kong’s central bank is inviting global stablecoin operators to respond to its proposed rules.
Hong Kong’s central bank, the Hong Kong Monetary Authority (HKMA), wants to supervise stablecoin issuance and reserves management.
HKMA published a discussion paper on Wednesday regarding cryptocurrencies and stablecoins in which it provided its views on how the industry should be regulated in Hong Kong.
In the 34-page long consultation document, the HKMA paid special attention to “payment-related stablecoins,” pointing out that the market capitalization of all stablecoins hit $150 billion in December, accounting for 5% of the entire crypto market.
The regulator added that all existing stablecoins are “mostly asset-linked and predominantly pegged” to the United States dollar, including stablecoins like Tether “The rapid development of crypto-assets, particularly stablecoins, is a topic of keen attention in the international regulatory community as it presents possible risks regarding monetary and financial stability,” HKMA said.
To effectively handle associated risks, HKMA laid out eight major policy directions, proposing to become a single regulator to supervise entities involved in both regulating and running operations like issuing stablecoins and managing their reserves.
The authority also wants to regulate stablecoin transactions’ validation processes, private key storage management and executing transactions.
“We encourage current or prospective players in the stablecoins ecosystem to respond to this paper and submit relevant views to us, so that we could take the feedback into account when formulating the regulatory framework,” HKMA wrote.
The regulator expects to finalize its next steps as soon as possible and introduce new regulations by 2023 or 2024.
HKMA is not the only financial regulator concerned about stablecoin risks and planning steps to regulate the growing industry.
In November 2021, the U.S. President’s Working Group on Financial Markets issued a report on possible “stablecoin runs” and “payment system risks.” The U.S. Treasury subsequently hinted at new stablecoin-focused laws in December.
Hong Kong’s OneDegree To Offer Insurance For Digital Assets With Munich Re
Clients will be able to get reinsurance for crypto.
As crypto’s market cap pushes past $2 trillion and makes its way onto the balance sheets of many institutional investors and corporations, Hong Kong insurer OneDegree has announced a deal with Munich Re, one of the world’s largest reinsurers, to offer a new digital asset insurance product.
* OneInfinity, the digital asset insurance product, is targeted toward digital asset trading platforms, custodians, asset managers and technology providers.
* Munich Re will provide reinsurance, described as “insurance on insurance companies,” that ensures an insurance company remains solvent even in the face of large payouts.
* Having insurance backed by reinsurance is the norm for major infrastructure providers of any asset class, but takes a unique twist with crypto given the intensity of cyberattacks.
* Becky Tam, OneDegree’s general manager of digital assets, said her firm runs “risk-based analysis” that covers everything from cybersecurity and operations to personnel management.
* “It’s just like how if you are a heavy smoker and drinker you will struggle to buy medical insurance,” she said. “Not everyone that comes to us can get insurance.”
* The company doesn’t insure decentralized finance (DeFi) projects yet, but hopes to do so after it studies the market more.
Hong Kong Stresses Pro-Crypto Stance As Industry Reels
* FTX Implosion Hasn’t Dimmed Hong Kong Ambition As Crypto Hub
* Financial Secretary Invites Tech Startups To Move To The City
Hong Kong will be a great place for crypto, fintech and other startups to set up shop in the new year, the city’s financial secretary said on Monday, looking past the current upheaval in the industry.
Paul Chan, speaking at a Web3 forum in Cyberport, said Hong Kong remains committed to becoming a regional crypto hub — an ambition expressed at the end of October, just before Sam Bankman-Fried’s FTX exchange had its industry-altering meltdown — and will work to attract new businesses from all over the world.
Hong Kong is keen to plug its crypto credentials at a time rival Singapore is backtracking, spooked by the fallout from the derailment of FTX.
Following the city’s policy statement, several leading tech firms and startups are now considering a move of their headquarters or an expansion to Hong Kong, Chan said, without disclosing their names.
“As certain crypto exchanges collapsed one after another, Hong Kong became a quality standing point for digital asset corporates,” said Chan, who’s been Hong Kong’s financial secretary since 2017. The city has a robust regulatory framework that “matches international norms and standards” while prohibiting free-riders, he added.
Hong Kong is preparing to issue more licenses for digital asset trading firms. The city is also planning a consultation on crypto platforms — exploring the potential for retail participation in the industry — the details of which will be published soon, said Joseph Chan, under secretary for financial services and the treasury, at the same event.
Hong Kong Seeks To Be Crypto Hub With Retail Trading, ETFs
The remarks came as the city attempts to rebuild its international stature as a financial hub following three years of tough Covid-19 restrictions.
Its leadership has come under fire for virus curbs that played a role in pushing investors, executives and corporations to locations like Singapore that dropped guardrails earlier.
On Sunday, tens of thousands crossed Hong Kong’s border with China without requirements for quarantine for the first time since the pandemic’s outset, fueling hopes of reviving the local economy and cross-border financial interaction.
Like many other sectors, the crypto industry is viewing Hong Kong’s stance with caution, given perceptions that Beijing — which has banned most forms of crypto activity — is gradually exerting control over the financial hub.
Hong Kong’s Finance Regulator Calls For ‘A More Solid Footing’ For Crypto
After crypto firms have left the city, the regulator says it’s now moving with the market and industry.
HONG KONG – Christopher Hui first heard of crypto from some friends who were running investment funds and investing in virtual assets. Now, as secretary for Financial Services and the Treasury of Hong Kong (FSTB), he’s developing policy direction for the sector.
During Hong Kong FinTech Week, held in early November, he asked one of his staff whether he should get his first virtual asset.
The bureau is piloting a non-fungible token (NFT) offering – one of a few pilots the regulator is rolling out, along with tokenizing green bonds and a central bank digital currency (CDBC), the e-HKD.
While the industry has known for a while that a regulatory framework was incoming, it did not expect the shift in stance. Many of the stalls and panels at FinTech Week were related to the metaverse, and top regulators came out in force to advocate for the city’s comeback as a crypto hub, among which Hui was the most prominent.
Crypto currently falls under several regulators in Hong Kong. The Hong Kong Monetary Authority is looking into stablecoins, the Securities and Futures Commission takes on enforcement responsibilities.
The department Hui heads, FSTB, lays down the more macro approach to regulation. The approach it seems to be taking is to place crypto within financial regulation, and signal an opening of areas up for discussion such as allowing retail investors under the incoming regulatory framework, which was previously a no.
Hui’s stature and his appearance at Hong Kong FinTech Week panels speaking on crypto give clear signals that Hong Kong’s regulators view it as part of the city’s economic future.
Hui reiterated views voiced by other high profile figures in Hong Kong’s regulatory bodies, who see crypto as fitting into mainstream finance.
When asked what he thinks about crypto’s founding ideals, Hui said he considers crypto to be more an investment instrument than a bid for freedom from fiat currency.
He seemed tentatively optimistic about its applications. “Potentially, it is a transformation to how society and economy work,” he said of the underlying technology in an interview with CoinDesk, adding that “it’s not built overnight.”
Most important to him are the use cases: “My inclination is to see through these investments and look at what’s behind them, what’s underlying them,” he said.
He said that he’s most excited about the tokenization of green bonds, which makes what can be a cumbersome process of issuance and investment far more streamlined.
Hong Kong has already issued $10 billion in green bonds in multiple currencies, including the U.S. dollar, euro and renminbi.
The pilot will focus on institutions and the whole value chain from issuance to settlement, asset servicing, secondary trading and retention.
Hui also said there are many areas in which technology can really address bottlenecks, shortening the subscription for initial public offerings as an example.
Comparisons are often made between Hong Kong and Singapore and the competition between the two to capture businesses.
For Hui, Hong Kong’s “one country, two systems” is its key differentiating feature, referring to how the city is part of China but can organize its own affairs.
He pointed to an acceleration programme that allows Hong Kong companies to access industries in China.
The blocks are ready
Officials often play up the intermediary role that Hong Kong plays between China and the rest of the world. When it comes to virtual assets however, given the ban in China, Hong Kong isn’t playing this role – so what role is it playing?
“We’re able to bring together investments globally,” Hui said. “We can manage and also channel these investments in a well-regulated and also sustainable manner.”
He underscored the credibility that he said Hong Kong has as a gateway to China and its linkage to the international community.
Hui puts this down to a mix of factors citing Hong Kong’s “rule of law, regulation, commercial modus operandi.”
Hui refused to give further details on whether the newly launched Hong Kong Monetary Fund would consider investing into crypto companies. “They are bound by their own mandates and policies,” he said.
CoinDesk has written about companies being unsure about whether Hong Kong can set its own policy when it comes to crypto. Hui is adamant that it can.
Asked whether Beijing had given any reassurances to the regulator on cryptocurrencies specifically, Hui said, “it is more business as usual because after all we are operating one country, two systems. We have our own regulatory systems, we have our own legal systems.”
Over the last month, eyes were on the Party Congress happening across the border, where China President Xi Jinping’s third term was confirmed. China stocks dipped right after. Political developments have affected investor confidence in Hong Kong.
But Hui didn’t appear to be worried. “Hong Kong is an international financial center, so basically our stock performance reflects overall sentiment,” Hui said. He said that there have been smooth operations in markets. “There’s no systemic risk presented,” he said.
He would even welcome crypto companies leaving China. “Hong Kong is a very open place,” Hui said. “Whoever meets our law and requirements, they’re welcome.”
With the incoming VASP regime and consultations, Hui said that the “blocks are ready” to build the ecosystem. “We are more definitely clear in terms of where we stand,” he said, calling it a “more solid footing.”
Moving With The Market
At the opening of Fintech Week, Hong Kong announced that it was attempting to come back again as a crypto hub. The regulator said that it was open to discussing a crypto futures exchange-traded fund (ETF), and allowing licensed exchanges to serve retail users.
Until a few months ago, there was little indication Hong Kong was considering anything other than a professional investor-only environment. “It’s progressive,” Hui said. “We move with the market, we move with the industry, we are with them in the journey to mitigate risk, manage them and also grow this ecosystem.”
Previous policy direction prevented licensed platforms from offering services to retail traders, but also required all exchanges to secure licenses. Currently, retail traders mostly use unlicensed platforms.
Hong Kong investors are able to invest in U.S. crypto ETFs which likely offer more liquidity than Hong Kong ones would. Still, the announcements show that more options are on the table.
That regulators are more open to discussion is a running theme of Hui’s answers. He refrained from giving more specifics on rules, standards, and requirements that regulators might have for retail investors. “We need to consult the market,” he said.
Though there have already been reports that Hong Kong will open to retail, the rules, standards and timeline are still undecided. He underlined the importance of investor education.
Hong Kong’s attempt to come back as a crypto hub comes in a year of market turmoil, which saw Terra’s crash, VC funds’ liquidation and jurisdictions like Singapore tightening regulation over crypto.
“It doesn’t come out of nowhere,” Hui said, about the timing. He pointed to the experience Hong Kong accumulated through introducing an opt-in system for virtual asset exchanges to get certain licenses which allow them to deal in securities and provide automated trading services, and also to fund managers who are dealing with virtual assets.
This crypto winter may have made people more discerning about what works and what doesn’t, he said. “It’s the right time to take stock.”
Hong Kong Securities Regulator Adds Crypto Personnel For Industry Supervision
Regulators in Hong Kong plan for the addition of personnel to “better supervise” the activities of local virtual asset providers.
Regulators in Hong Kong are stepping up their game when it comes to monitoring the activities of the crypto industry.
According to a Securities and Futures Commission report filed on Feb. 6, it plans to hire four additional staff to “better supervise” the activities of local virtual asset (VA) providers.
Moreover, the extra oversight will help “better assess the compliance and risk” by allowing retail investors to trade virtual assets on regulated platforms.
The Commission Wrote:
“This is in response to an increasing number of operators who have expressed interest in carrying on VA activities such as trading platforms and the management of VA funds.”
This comes at the onset of the introduction of a new licensing regime to allow greater retail crypto investment.
Previously trading platforms licensed in Hong Kong were only permitted to serve professional investors, or investors with portfolios of at least $1 million (HK $8 million), according to regulators.
In December 2022, the new licensing regime was approved as an amendment to the Anti-Money Laundering and Counter-Terrorist Financing Bill.
However, it takes effect in June 2023, which gives time for regulators and local businesses time to prepare for a new wave of participation in the industry.
Hong Kong has been active in its plan to revamp its crypto industry and become a hub for Web3 innovation. Part of this plan included an investment fund of $500 million to push for mass adoption in the local industry.
Most recently, the Hong Kong Monetary Authority recently released a statement saying that it will not tolerate algorithmic stablecoins in its newest regulation.
However, the regulator said that it intends to develop a full-bodied regulatory framework for stablecoins, which will be based on the full backing of such assets.
DBS Bank To Offer Cryptocurrency Trading In Hong Kong
As Hong Kong has been opening up to crypto, major financial institutions such as DBS Group are targeting new crypto services in the Chinese territory.
Singapore state-owned megabank DBS Group is planning to expand its cryptocurrency services to Hong Kong as the Chinese territory pushes to become a digital asset hub.
DBS Bank plans to apply for a license to allow it to offer crypto trading services to Hong Kong customers, Bloomberg reported on Feb. 13.
“We are planning to apply for a license in Hong Kong so that the bank could sell digital assets to our Hong Kong customers,” DBS Bank Hong Kong CEO Sebastian Paredes said.
Paredes noted that DBS welcomes new crypto-related policies in Hong Kong and is also “very sensitive” to the risks associated with digital assets.
The bank is willing to become one of the first lenders offering crypto in Hong Kong once the regulations are fully clear and DBS “understands exactly the framework,” he added.
DBS Bank made a massive move into the cryptocurrency industry a few years ago, launching its institutional crypto exchange in Singapore in late 2020.
The company has also been working to expand its crypto platform to retail investors and applying decentralized finance technology to joint projects with Singapore’s central bank.
“DBS is encouraged by the Hong Kong authorities’ intent to build a vibrant digital asset and DeFi ecosystem in the territory,” Paredes said in a statement to Cointelegraph. He noted that DBS can play a big role in this goal by using their experience in developing a regulated digital asset ecosystem over the last two years in Singapore. “At the appropriate time, DBS will apply for the necessary licenses in Hong Kong to avail our digital asset solutions to the market,” Paredes said, adding:
“DBS will take guidance from the guidelines released by Hong Kong and will continue working closely with regulators to shape a safe and conducive digital assets environment for all customers in Hong Kong.”
The news comes amid DBS announcing that its net profit rose 20% to a record 8.19 billion Singaporean dollars (SGD), or $6.7 billion, in 2022. Total income increased 16% to $12.4 billion (16.5 billion SGD), crossing 16 billion SGD for the first time in history.
DBS Bank’s plans to expand to Hong Kong come amid China’s special administrative region continuing to reaffirm its pro-crypto stance.
In January, Hong Kong’s financial secretary, Paul Chan, declared that the Hong Kong government is open to collaboration with crypto and fintech startups in 2023.
The official also said that a lot of industry firms expressed willingness to expand operations in Hong Kong or to go public on local exchanges.
As previously reported, Hong Kong lawmakers passed legislation to set up a licensing system for virtual asset service providers in December 2022.
The new regulatory framework is designed to provide the same degree of market recognition to crypto exchanges as the one that is currently applicable to traditional financial institutions.
While Hong Kong authorities have been opening up to crypto recently, Singapore has taken a more stringent approach to the crypto industry in the aftermath of major industry failures in 2022.
In October, the Monetary Authority of Singapore proposed to ban all forms of cryptocurrency credit following the bankruptcy of the Singaporean crypto hedge fund Three Arrows Capital.
Hong Kong’s Proposed Crypto Rules Seek Investor, Deposit Protection
Securities regulator to require crypto-trading platforms to get a license.
Hong Kong’s securities regulator said cryptocurrency-trading companies would need to leave the city if they don’t plan on getting licenses and released proposed new rules seeking to better protect investors in the wake of the collapse of FTX.
The Securities and Futures Commission would require crypto exchanges to ringfence customer deposits, put controls in place to keep crypto keys secure and make sure that no more than 2% of customer funds are stored in a so-called “hot wallet,” which is a less secure way to hold crypto assets, according to the proposed rules.
The rules are a key step in Hong Kong’s effort to establish itself as a digital-assets hub, part of a wider push to attract global companies and talent after strict pandemic controls dented its reputation as a global financial center.
The regulator would require all crypto-trading platforms with operations in Hong Kong—and those which are marketing their services in the city—to get a license.
The SFC is currently soliciting feedback on the proposed rules, which are due to come into force in June.
The cryptocurrency industry is still reeling from the collapse of the FTX, once one of the world’s highest-profile crypto exchanges.
The company, which was based in Hong Kong before moving its headquarters to the Bahamas in 2021, had used customer assets to fund risky bets by an affiliated trading firm.
U.S. regulators have since toughened their stance on crypto, while the U.K. government is setting out plans to regulate crypto exchanges and lenders.
“In light of the recent turmoil and the collapse of some leading crypto trading platforms around the world, there is clear consensus among regulators globally… to ensure investors are adequately protected and key risks are effectively managed,” said Julia Leung, the SFC’s chief executive officer.
Some crypto exchanges have already indicated their interest in becoming a regulated business in Hong Kong. Justin Sun, adviser to Huobi, tweeted Monday that the crypto exchange is applying for a license in the city.
Other companies including DBS Group Holdings Ltd. and Interactive Brokers have previously made clear their ambitions to win crypto business in the city.
Crypto exchanges shouldn’t deposit, transfer or lend their customers’ assets, the SFC said. It said exchanges need to have know-your-customer checks, including finding out how aware their clients are of the risks of investing in crypto.
Exchanges would also need to set a strict limit for each customer’s exposure, depending partly on their financial situation, the regulator said.
The SFC has also proposed regular disclosure requirements for crypto companies, including the submission of an auditor’s report each year and monthly reports to the regulator on their business activities. Companies must have enough liquid capital after accounting for all of their assets, liabilities and transactions.
Under the new framework, individual investors would be given more access to trade crypto on licensed platforms. Last year, the SFC allowed individual investors to trade a limited set of crypto-related derivative products.
The regulator has also recently approved exchange-traded funds for individual investors that track crypto futures.
If retail customers weren’t allowed to trade on licensed platforms, they could just trade on overseas exchanges, which could put them at more risk, a spokesperson at the SFC said.
Hong Kong Plans To Let Retail Sector Trade Larger Crypto Tokens Like Bitcoin
* City Pushes Ahead Toward A Goal Of Becoming A Crypto Hub
* Securities Regulator Issues A Consultation Paper On The Plan
Hong Kong outlined a plan to let retail investors trade digital tokens like Bitcoin and Ether, taking a major step toward its goal of becoming a crypto hub in a policy shift that contrasts with a crackdown in the US.
Individual investors would be allowed to trade larger coins on exchanges licensed by the Securities and Futures Commission, providing safeguards such as knowledge tests, risk profiles and reasonable limits on exposure are put in place, the regulator said in a consultation paper on Monday.
The agency didn’t specify which large-capitalization tokens will be allowed for retail investors. Instead, it said the coins should be included in at least two acceptable, investible indexes from independent providers, one of which should have experience in the traditional financial sector.
The consultation period will end on March 31, and the objective is to allow retail trading in the new licensing regime for crypto exchanges due on June 1.
Bitcoin and Ether, the two biggest digital assets by market value, are likely to be listed by Hong Kong platforms, an SFC spokesperson said in a briefing.
Hong Kong at the end of October pivoted to a pro-crypto stance, part of a wider effort to restore the city’s credentials as a financial center.
Officials are aiming to learn the lessons of last year’s $1.5 trillion digital-asset rout and a spate of global bankruptcies, like the collapse of the FTX exchange, to create a mandatory regulatory framework that can woo firms and protect investors.
The consultation paper didn’t specify particular crypto indexes as a reference point for a taxonomy of allowable tokens. The onus would be on exchanges to monitor listed assets to ensure they qualify for trading by individual investors.
The government has already allowed exchange-traded funds investing in CME Group Bitcoin and Ether futures and this month sold inaugural digital green bonds.
Digital-asset executives are increasingly being drawn to the friendlier policy stances of places like Hong Kong, Dubai and Europe as a spate of crypto probes in the US cloud that country’s position as an industry heartland.
‘Next Bull Run’
Hong Kong’s pivot could also open up a conduit to mainland Chinese investment if Beijing one day loosens the ban on most things crypto on the mainland.
Cameron Winklevoss, co-founder of the crypto exchange Gemini, tweeted Sunday that his “working thesis” is “the next bull run is going to start in the East.” Brian Armstrong, chief executive officer of Coinbase Global Inc., has alluded to Hong Kong as among the jurisdictions now leading in digital assets.
My working thesis atm is that the next bull run is going to start in the East. It will be a humbling reminder that crypto is a global asset class and that the West, really the US, always only ever had two options: embrace it or be left behind. It can’t be stopped. That we know.
— Cameron Winklevoss (@cameron) February 19, 2023
Justin Sun’s crypto exchange Huobi Global is applying for a crypto trading license in Hong Kong and is launching a new trading venue there, Sun said on Twitter on Monday.
The new exchange, called Huobi Hong Kong, will focus on institutional investors and high-net worth individuals, he said.
Chinese crypto- and blockchain-linked stocks rallied Tuesday. Digital-asset firm OKG Technology Holdings Ltd. jumped as much as 22% in Hong Kong. Crypto platform operator New Huo Technology Holdings Ltd. advanced as much as 12%. In mainland China, software specialist Shenzhen Forms Syntron Information Co. at one point added 10%.
Hong Kong’s ambitions still face many obstacles, including a downturn in the virtual-asset industry that’s seen thousands of jobs cut. Crypto markets have only partially rebounded from 2022’s bust.
Companies may be hesitant to commit scarce investment until the contours of Hong Kong’s policy landscape become clearer.
The city’s current regime for crypto exchanges is a voluntary one that restricts them to clients with portfolios of at least HK$8 million ($1 million). HashKey Group and BC Technology Group’s OSL bourse are the only two with permits.
Hong Kong And Singapore Vie For Title Of World’s Crypto Hub
The different pace of post-pandemic recovery has created a big gulf in the economic priorities and prospects of the rival Asian financial centers.
Hong Kong’s Financial Secretary Paul Chan announced a task force to come up with a plan for a crypto hub — something that appears to enjoy Beijing’s backing.
This is an area where Singapore is starting to look weak after FTX and other debacles last year put a question mark on the adequacy of the city’s regulatory approach, especially when it came to protecting customer funds.
The different pace of post-pandemic recovery has created a big gulf in the economic priorities and prospects of the rival Asian financial centers.
In his two-hour-long budget address Wednesday, Hong Kong’s Financial Secretary Paul Chan didn’t mention “Covid-19” once. Even if you threw in related words like “epidemic,” the count came to 24, the lowest in three years.
Taking the speech as a proxy for the emphasis the city places on the pathogen, Chan did a sterling job of turning the public’s gaze away from it. The new campaign that replaces that prolonged — and eventually futile — battle to contain the scourge is titled, “Happy Hong Kong.”
Just how joyous can the Asian financial center be this year? There’s little doubt that the economic reopening will fill stores, restaurants and the airport with visitors, who’ll be lured with freebies like shopping and dining privileges.
Local residents will join in the fun, too, at least to spend the $637 consumption vouchers that Chan announced for them in the budget.
On the job-creation front, China’s post-pandemic revival will also benefit the special administrative region in 2023, especially its financial services industry.
But on the flipside, continuing with pandemic-era stimulus for yet another year shows that the economy’s performance is still very much tied to the government’s apron strings.
This time in 2022, rival Singapore was already making plans to drop travel and social restrictions and start living with Covid-19. As a result, the city-state’s private sector slowly took the baton of growth back from massive fiscal pump-priming.
Hong Kong was also generous in opening the budget spigots during the pandemic. But it mimicked the mainland’s isolationist zero-infection policy and lost business and talent to Singapore, its main competitor in the region.
There was no handover from public spending to private enterprise. Singapore’s economy grew 3.6% last year, even with a barely noticeable S$2 billion ($1.5 billion) budget deficit; Hong Kong’s output shrank by almost as much, despite a bloated HK$140 billion ($18 billion) fiscal shortfall.
For the coming year, Chan is still penciling in a substantial resource gap of HK$54 billion. His Singaporean counterpart, Lawrence Wong, last week forecast a deficit equal to 0.1% of gross domestic product. That’s already a balanced budget.
Before Hong Kong can steady its public finances, it must put some life back in its property market, a source of substantial government revenue.
Chan tried to do this in his budget by cutting the stamp duty for first-time buyers of small and mid-sized residential units. This may not be enough, considering that borrowing costs are right now a bigger worry.
With little consensus on how high the Federal Reserve may push interest rates, and how long it may hold them there, a sustained recovery in Hong Kong’s property market is unlikely this year.
Meanwhile, the city’s builders have thousands of new homes to sell. “Developers’ ample project pipelines and probable interest-rate hikes might put more mortgage holders under water,” Bloomberg Intelligence analysts Patrick Wong and Yan Chi Wong wrote this week.
Still, Hong Kong isn’t completely out of cards. Chan announced a task force to come up with a plan for a crypto hub — something that appears to enjoy Beijing’s backing.
This is an area where Singapore is starting to look weak after FTX and other debacles last year put a question mark on the adequacy of the city’s regulatory approach, especially when it came to protecting customer funds.
Another of Hong Kong’s proposals centers on health-care research, artificial intelligence, quantum technologies and microelectronics.
It’s setting aside billions of dollars to pursue talent from around the world in these areas. It isn’t clear if this will reverse the hollowing out of the city’s human capital that began with the Beijing-imposed national security law and was aggravated by the Covid-19 crisis.
Those who were expecting tax breaks for expats and other sops to boost Hong Kong’s international standing would be disappointed.
However, the resident population is more optimistic now than it has been in the past several years.
This may be a good time to invest in new fields while deepening capabilities in industries where Hong Kong is already strong, such as private banking, asset management and family offices for the wealthy.
“I now see many happy faces around,” Chan said in his speech. It’s still not possible to see those faces in public, as everyone is still wearing masks.
But yes, the misery quotient has gone down considerably with the recent dismantling of travel and social-distancing restrictions. Given how badly Hong Kong wants to be back in the contest with Singapore, maybe the mandated face-coverings will also go soon.
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How Cryptocurrency Can Help In Paying Universal Basic Income (#GotBitcoin)
Gautam Adani Was Briefly World’s Richest Man Only To Be Brought Down By An American Short-Seller
Global Crypto Industry Pledges Aid To Turkey Following Deadly Earthquakes
Money Supply Growth Went Negative Again In December Another Sign Of Recession #GotBitcoin
Here Is How To Tell The Difference Between Bitcoin And Ethereum
Crypto Investors Can Purchase Bankruptcy ‘Put Options’ To Protect Funds On Binance, Coinbase, Kraken
Bitcoin Developers Must Face UK Trial Over Lost Cryptoassets
Google Issues Warning For 2 Billion Chrome Users
How A Lawsuit Against The IRS Is Trying To Expand Privacy For Crypto Users
IRS Uses Cellphone Location Data To Find Suspects
IRS Failed To Collect $2.4 Billion In Taxes From Millionaires
Treasury Calls For Crypto Transfers Over $10,000 To Be Reported To IRS
Six Million Tax Returns Are ‘In Suspension’ At The IRS, And That’s Preventing Many Families From Receiving A Valuable Tax Credit
Can The IRS Be Trusted With Your Data?
US Ransomware Attack Suspect Hails From A Small Ukrainian Town
Alibaba Admits It Was Slow To Report Software Bug After Beijing Rebuke
Japan Defense Ministry Finds Security Threat In Hack
Raoul Pal Believes Institutions Have Finished Taking Profits As Year Winds Up
Yosemite Is Forcing Native American Homeowners To Leave Without Compensation. Here’s Why
The $2 Trillion Cryptocurrency Market Is Drawing Interest From Investors, Scrutiny From U.S. Regulators
What Is Dollar Cost Averaging Bitcoin?
Ultimate Resource On Bitcoin Unit Bias
Best Travel Credit Cards of 2022-2023
Boomers And Millennials Facing The Effects Of Trumponomics While Still Recovering From Last Recession
A Guarded Generation: How Millennials View Money And Investing (#GotBitcoin)
Bitcoin Enthusiast And CEO Brian Armstrong Buys Los Angeles Home For $133 Million
Nasdaq-Listed Blockchain Firm BTCS To Offer Dividend In Bitcoin; Shares Surge
Ultimate Resource On Kazakhstan As Second In Bitcoin Mining Hash Rate In The World After US
Ultimate Resource On Solana Outages And DDoS Attacks
How Jessica Simpson Almost Lost Her Name And Her Billion Dollar Empire
Sidney Poitier, Actor Who Made Oscars History, Dies At 94
Green Comet Will Be Visible As It Passes By Earth For First Time In 50,000 Years
FTX (SBF) Got Approval From F.D.I.C., State Regulators And Federal Reserve To Buy Tiny Bank!!!
Joe Rogan: I Have A Lot Of Hope For Bitcoin
Teen Cyber Prodigy Stumbled Onto Flaw Letting Him Hijack Teslas
Spyware Finally Got Scary Enough To Freak Lawmakers Out—After It Spied On Them
The First Nuclear-Powered Bitcoin Mine Is Here. Maybe It Can Clean Up Energy FUD
Those $#%$# Idiots At The New York Federal Reserve Allow Hackers To Take $100million From An Account Held For Bangladesh
The World’s Best Crypto Policies: How They Do It In 37 Nations
Tonga To Copy El Salvador’s Bill Making Bitcoin Legal Tender, Says Former MP
Wordle Is The New “Lingo” Turning Fans Into Argumentative Strategy Nerds
Prospering In The Pandemic, Some Feel Financial Guilt And Gratitude
Is Art Therapy The Path To Mental Well-Being?
New York, California, New Jersey, And Alabama Move To Ban ‘Forever Chemicals’ In Firefighting Foam
The Mystery Of The Wasting House-Cats
What Pet Owners Should Know About Chronic Kidney Disease In Dogs And Cats
Pets Score Company Perks As The ‘New Dependents’
Why Is My Cat Rubbing His Face In Ants?
Natural Cure For Hyperthyroidism In Cats Including How To Switch Him/Her To A Raw Food Diet
Ultimate Resource For Cat Lovers
FDA Approves First-Ever Arthritis Pain Management Drug For Cats
Ultimate Resource On Duke of York’s Prince Andrew And His Sex Scandal
Walmart Filings Reveal Plans To Create Cryptocurrency, NFTs
Bitcoin’s Dominance of Crypto Payments Is Starting To Erode
T-Mobile Says Hackers Stole Data On About 37 Million Customers
Jack Dorsey Announces Bitcoin Legal Defense Fund
Freedom of Information Act (FOIA) Request Reveals How The Trump Administration Really Felt About Bitcoin
More Than 100 Millionaires Signed An Open Letter Asking To Be Taxed More Heavily
Federal Regulator Says Credit Unions Can Partner With Crypto Providers
What’s Behind The Fascination With Smash-And-Grab Shoplifting?
Train Robberies Are A Problem In Los Angeles, And No One Agrees On How To Stop Them
US Stocks Historically Deliver Strong Gains In Fed Hike Cycles (GotBitcoin)
Ian Alexander Jr., Only Child of Regina King, Dies At Age 26
Amazon Ends Its Charity Donation Program Amazonsmile After Other Cost-Cutting Efforts
Crypto Panics, Then Jeers at DOJ Announcement of ‘Major Action’ Against Tiny Chinese Exchange Bitzlato
Indexing Is Coming To Crypto Funds Via Decentralized Exchanges
Doctors Show Implicit Bias Towards Black Patients
Darkmail Pushes Privacy Into The Hands Of NSA-Weary Customers
3D Printing Make Anything From Candy Bars To Hand Guns
Stealing The Blood Of The Young May Make You More Youthful
Henrietta Lacks And Her Remarkable Cells Will Finally See Some Payback
AL_A Wins Approval For World’s First Magnetized Fusion Power Plant
Want To Be Rich? Bitcoin’s Limited Supply Cap Means You Only Need 0.01 BTC
Smart Money Is Buying Bitcoin Dip. Stocks, Not So Much
McDonald’s Jumps On Bitcoin Memewagon, Crypto Twitter Responds
America COMPETES Act Would Be Disastrous For Bitcoin Cryptocurrency And More
Lyn Alden On Bitcoin, Inflation And The Potential Coming Energy Shock
Inflation And A Tale of Cantillionaires
El Salvador Plans Bill To Adopt Bitcoin As Legal Tender
Miami Mayor Says City Employees Should Be Able To Take Their Salaries In Bitcoin
NYC And Miami Mayors (Eric Adams And Francis Suarez) Duke It Out On Twitter Over Who Is The Bigger Crypto Advocate
Vast Troves of Classified Info Undermine National Security, Spy Chief Says
BREAKING: Arizona State Senator Introduces Bill To Make Bitcoin Legal Tender
San Francisco’s Historic Surveillance Law May Get Watered Down
How Bitcoin Contributions Funded A $1.4M Solar Installation In Zimbabwe
California Lawmaker Says National Privacy Law Is a Priority
The Pandemic Turbocharged Online Privacy Concerns
How To Protect Your Online Privacy While Working From Home
Researchers Use GPU Fingerprinting To Track Users Online
Japan’s $1 Trillion Crypto Market May Ease Onerous Listing Rules
There Has Never Been A Better Time For Billionaire Schadenfreude (Malicious Enjoyment Derived From Observing Someone Else’s Misfortune)
Ultimate Resource On A Weak / Strong Dollar’s Impact On Bitcoin
Fed Money Printer Goes Into Reverse (Quantitative Tightening): What Does It Mean For Crypto?
Crypto Market Is Closer To A Bottom Than Stocks (#GotBitcoin)
When World’s Central Banks Get It Wrong, Guess Who Pays The Price😂😹🤣 (#GotBitcoin)
As Crypto Crash Erases Approx. $1 Trillion in Market Value Users Say, “Thanks But No Thanks” To Bailouts
“Better Days Ahead With Crypto Deleveraging Coming To An End” — Joker
Crypto Funds Have Seen Record Investment Inflow In Recent Weeks
Bitcoin’s Epic Run Is Winning More Attention On Wall Street
Ultimate Resource For Crypto Mergers And Acquisitions (M&A) (#GotBitcoin)
Why Wall Street Is Literally Salivating Over Bitcoin
Nasdaq-Listed MicroStrategy And Others Wary Of Looming Dollar Inflation, Turns To Bitcoin And Gold
Bitcoin For Corporations | Michael Saylor | Bitcoin Corporate Strategy
Ultimate Resource On Myanmar’s Involvement With Crypto-Currencies
‘I Cry Every Day’: Olympic Athletes Slam Food, COVID Tests And Conditions In Beijing
Does Your Baby’s Food Contain Toxic Metals? Here’s What Our Investigation Found
Ultimate Resource For Pro-Crypto Lobbying And Non-Profit Organizations
Ultimate Resource On BlockFi, Celsius And Nexo
Petition Calling For Resignation Of U.S. Securities/Exchange Commission Chair Gary Gensler
100 Million Americans Can Legally Bet on the Super Bowl. A Spot Bitcoin ETF? Forget About it!
Green Finance Isn’t Going Where It’s Needed
Shedding Some Light On The Murky World Of ESG Metrics
SEC Targets Greenwashers To Bring Law And Order To ESG
BlackRock (Assets Under Management $7.4 Trillion) CEO: Bitcoin Has Caught Our Attention
BlackRock CEO Larry Fink ($10Trillion AUM) Has Unchecked Influence In Financial Markets And Needs To Be Reined In
Canada’s Major Banks Go Offline In Mysterious (Bank Run?) Hours-Long Outage (#GotBitcoin)
On-Chain Data: A Framework To Evaluate Bitcoin
On Its 14th Birthday, Bitcoin’s 1,690,706,971% Gain Looks Kind of… Well Insane
The Most Important Health Metric Is Now At Your Fingertips
American Bargain Hunters Flock To A New Online Platform Forged In China
Why We Should Welcome Another Crypto Winter
Traders Prefer Gold, Fiat Safe Havens Over Bitcoin As Russia Goes To War
Music Distributor DistroKid Raises Money At $1.3 Billion Valuation
Nas Selling Rights To Two Songs Via Crypto Music Startup Royal
Ultimate Resource On Music Catalog Deals
Ultimate Resource On Music And NFTs And The Implications For The Entertainment Industry
Lead And Cadmium Could Be In Your Dark Chocolate
Catawba, Native-American Tribe Approves First Digital Economic Zone In The United States
The Miracle Of Blockchain’s Triple Entry Accounting
How And Why To Stimulate Your Vagus Nerve!
Housing Boom Brings A Shortage Of Land To Build New Homes
Biden Lays Out His Blueprint For Fair Housing
No Grave Dancing For Sam Zell Now. He’s Paying Up For Hot Properties
Cracks In The Housing Market Are Starting To Show
Ever-Growing Needs Strain U.S. Food Bank Operations
Food Pantry Helps Columbia Students Struggling To Pay Bills
Food Insecurity Driven By Climate Change Has Central Americans Fleeing To The U.S.
Housing Insecurity Is Now A Concern In Addition To Food Insecurity
Families Face Massive Food Insecurity Levels
US Troops Going Hungry (Food Insecurity) Is A National Disgrace
Everything You Should Know About Community Fridges, From Volunteering To Starting Your Own
Fed Up Says Federal Leaders Robert Kaplan And Eric Rosengren Should Be Fired Over Insider Stock Trades
Pandora Papers Exposed Offshore Havens And Hidden Riches Of World Leaders And Billionaires Exposed In Unprecedented Leak (#GotBitcoin)
Russia’s Independent Journalists Including Those Who Revealed The Pandora Papers Need Your Help
10 Women Who Used Crypto To Make A Difference In 2021
Happy International Women’s Day! Leaders Share Their Experiences In Crypto
If Europe Can Tap Hi-Tech Industry’s Power-Hungry Data Centers To Heat Homes Then Why Not Use Bitcoin Miners As Well?
Dollar On Course For Worst Performance In Over A Decade (#GotBitcoin)
Juice The Stock Market And Destroy The Dollar!! (#GotBitcoin)
Unusual Side Hustles You May Not Have Thought Of
Ultimate Resource On Global Inflation And Rising Interest Rates (#GotBitcoin)
How Doctors Treat Their Own Colds And Flus And How To Tell If Your Symptoms Are Flu, Covid, RSV or Strep
The Fed Is Setting The Stage For Hyper-Inflation Of The Dollar (#GotBitcoin)
An Antidote To Inflation? ‘Buy Nothing’ Groups Gain Popularity
Why Is Bitcoin Dropping If It’s An ‘Inflation Hedge’?
Lyn Alden Talks Bitcoin, Inflation And The Potential Coming Energy Shock
Ultimate Resource On How Black Families Can Fight Against Rising Inflation (#GotBitcoin)
What The Fed’s Rate Hike Means For Inflation, Housing, Crypto And Stocks
Egyptians Buy Bitcoin Despite Prohibitive New Banking Laws
Archaeologists Uncover Five Tombs In Egypt’s Saqqara Necropolis
History of Alchemy From Ancient Egypt To Modern Times
Former World Bank Chief Didn’t Act On Warnings Of Sexual Harassment
Does Your Hospital or Doctor Have A Financial Relationship With Big Pharma?
Ultimate Resource Covering The Crisis Taking Place In The Nickel Market
Virginia-Based Defense Contractor Working For U.S. National-Security Agencies Use Google Apps To Secretly Steal Your Data
Apple Along With Meta And Secret Service Agents Fooled By Law Enforcement Impersonators
Handy Tech That Can Support Your Fitness Goals
How To Naturally Increase Your White Blood Cell Count
Ultimate Source For Russians Oligarchs And The Impact Of Sanctions On Them
Ultimate Source For Bitcoin Price Manipulation By Wall Street
Russia, Sri Lanka And Lebanon’s Defaults Could Be The First Of Many (#GotBitcoin)
Will Community Group Buying Work In The US?
Building And Running Businesses In The ‘Spirit Of Bitcoin’
Belgium Arrests EU Lawmaker, Four Others In Corruption Probe Linked To European Parliament (#GotBitcoin)
What Is The Mysterious Liver Disease Hurting (And Killing) Children?
Citigroup Trader Is Scapegoat For Flash Crash In European Stocks (#GotBitcoin)
Cryptocurrency Litigation Tracker Shows Details Of More Than 300 Active And Settled Court Cases Since 2013
Bird Flu Outbreak Approaches Worst Ever In U.S. With 37 Million Animals Dead
Financial Inequality Grouped By Race For Blacks, Whites And Hispanics
How Black Businesses Can Prosper From Targeting A Trillion-Dollar Black Culture Market (#GotBitcoin)
Bitcoin Buyers Flock To Investment Clubs Such As “Black Bitcoin Billionaires” To Learn Rules of The Road
Ultimate Resource For Central Bank Digital Currencies (#GotBitcoin) Page#2
Meet The Crypto Angel Investor Running For Congress In Nevada (#GotBitcoin?)
Introducing BTCPay Vault – Use Any Hardware Wallet With BTCPay And Its Full Node (#GotBitcoin?)
How Not To Lose Your Coins In 2020: Alternative Recovery Methods (#GotBitcoin?)
H.R.5635 – Virtual Currency Tax Fairness Act of 2020 ($200.00 Limit) 116th Congress (2019-2020)
Adam Back On Satoshi Emails, Privacy Concerns And Bitcoin’s Early Days
The Prospect of Using Bitcoin To Build A New International Monetary System Is Getting Real
How To Raise Funds For Australia Wildfire Relief Efforts (Using Bitcoin And/Or Fiat )
Former Regulator Known As ‘Crypto Dad’ To Launch Digital-Dollar Think Tank (#GotBitcoin?)
Currency ‘Cold War’ Takes Center Stage At Pre-Davos Crypto Confab (#GotBitcoin?)
A Blockchain-Secured Home Security Camera Won Innovation Awards At CES 2020 Las Vegas
Bitcoin’s Had A Sensational 11 Years (#GotBitcoin?)
Sergey Nazarov And The Creation Of A Decentralized Network Of Oracles
Google Suspends MetaMask From Its Play App Store, Citing “Deceptive Services”
Christmas Shopping: Where To Buy With Crypto This Festive Season
At 8,990,000% Gains, Bitcoin Dwarfs All Other Investments This Decade
Coinbase CEO Armstrong Wins Patent For Tech Allowing Users To Email Bitcoin
Bitcoin Has Got Society To Think About The Nature Of Money
How DeFi Goes Mainstream In 2020: Focus On Usability (#GotBitcoin?)
Dissidents And Activists Have A Lot To Gain From Bitcoin, If Only They Knew It (#GotBitcoin?)
At A Refugee Camp In Iraq, A 16-Year-Old Syrian Is Teaching Crypto Basics
Bitclub Scheme Busted In The US, Promising High Returns From Mining
Bitcoin Advertised On French National TV
Germany: New Proposed Law Would Legalize Banks Holding Bitcoin
How To Earn And Spend Bitcoin On Black Friday 2019
The Ultimate List of Bitcoin Developments And Accomplishments
Charities Put A Bitcoin Twist On Giving Tuesday
Family Offices Finally Accept The Benefits of Investing In Bitcoin
An Army Of Bitcoin Devs Is Battle-Testing Upgrades To Privacy And Scaling
Bitcoin ‘Carry Trade’ Can Net Annual Gains With Little Risk, Says PlanB
Max Keiser: Bitcoin’s ‘Self-Settlement’ Is A Revolution Against Dollar
Blockchain Can And Will Replace The IRS
China Seizes The Blockchain Opportunity. How Should The US Respond? (#GotBitcoin?)
Jack Dorsey: You Can Buy A Fraction Of Berkshire Stock Or ‘Stack Sats’
Bitcoin Price Skyrockets $500 In Minutes As Bakkt BTC Contracts Hit Highs
Bitcoin’s Irreversibility Challenges International Private Law: Legal Scholar
Bitcoin Has Already Reached 40% Of Average Fiat Currency Lifespan
Yes, Even Bitcoin HODLers Can Lose Money In The Long-Term: Here’s How (#GotBitcoin?)
Unicef To Accept Donations In Bitcoin (#GotBitcoin?)
Former Prosecutor Asked To “Shut Down Bitcoin” And Is Now Face Of Crypto VC Investing (#GotBitcoin?)
Switzerland’s ‘Crypto Valley’ Is Bringing Blockchain To Zurich
Next Bitcoin Halving May Not Lead To Bull Market, Says Bitmain CEO
Tim Draper Bets On Unstoppable Domain’s .Crypto Domain Registry To Replace Wallet Addresses (#GotBitcoin?)
Bitcoin Developer Amir Taaki, “We Can Crash National Economies” (#GotBitcoin?)
Veteran Crypto And Stocks Trader Shares 6 Ways To Invest And Get Rich
Is Chainlink Blazing A Trail Independent Of Bitcoin?
Nearly $10 Billion In BTC Is Held In Wallets Of 8 Crypto Exchanges (#GotBitcoin?)
SEC Enters Settlement Talks With Alleged Fraudulent Firm Veritaseum (#GotBitcoin?)
Blockstream’s Samson Mow: Bitcoin’s Block Size Already ‘Too Big’
Attorneys Seek Bank Of Ireland Execs’ Testimony Against OneCoin Scammer (#GotBitcoin?)
OpenLibra Plans To Launch Permissionless Fork Of Facebook’s Stablecoin (#GotBitcoin?)
Tiny $217 Options Trade On Bitcoin Blockchain Could Be Wall Street’s Death Knell (#GotBitcoin?)
Class Action Accuses Tether And Bitfinex Of Market Manipulation (#GotBitcoin?)
Sharia Goldbugs: How ISIS Created A Currency For World Domination (#GotBitcoin?)
Bitcoin Eyes Demand As Hong Kong Protestors Announce Bank Run (#GotBitcoin?)
How To Securely Transfer Crypto To Your Heirs
‘Gold-Backed’ Crypto Token Promoter Karatbars Investigated By Florida Regulators (#GotBitcoin?)
Crypto News From The Spanish-Speaking World (#GotBitcoin?)
Financial Services Giant Morningstar To Offer Ratings For Crypto Assets (#GotBitcoin?)
‘Gold-Backed’ Crypto Token Promoter Karatbars Investigated By Florida Regulators (#GotBitcoin?)
The Original Sins Of Cryptocurrencies (#GotBitcoin?)
Bitcoin Is The Fraud? JPMorgan Metals Desk Fixed Gold Prices For Years (#GotBitcoin?)
Israeli Startup That Allows Offline Crypto Transactions Secures $4M (#GotBitcoin?)
[PSA] Non-genuine Trezor One Devices Spotted (#GotBitcoin?)
Bitcoin Stronger Than Ever But No One Seems To Care: Google Trends (#GotBitcoin?)
First-Ever SEC-Qualified Token Offering In US Raises $23 Million (#GotBitcoin?)
You Can Now Prove A Whole Blockchain With One Math Problem – Really
Crypto Mining Supply Fails To Meet Market Demand In Q2: TokenInsight
$2 Billion Lost In Mt. Gox Bitcoin Hack Can Be Recovered, Lawyer Claims (#GotBitcoin?)
Fed Chair Says Agency Monitoring Crypto But Not Developing Its Own (#GotBitcoin?)
Wesley Snipes Is Launching A Tokenized $25 Million Movie Fund (#GotBitcoin?)
Mystery 94K BTC Transaction Becomes Richest Non-Exchange Address (#GotBitcoin?)
A Crypto Fix For A Broken International Monetary System (#GotBitcoin?)
Four Out Of Five Top Bitcoin QR Code Generators Are Scams: Report (#GotBitcoin?)
Waves Platform And The Abyss To Jointly Launch Blockchain-Based Games Marketplace (#GotBitcoin?)
Bitmain Ramps Up Power And Efficiency With New Bitcoin Mining Machine (#GotBitcoin?)
Ledger Live Now Supports Over 1,250 Ethereum-Based ERC-20 Tokens (#GotBitcoin?)
Miss Finland: Bitcoin’s Risk Keeps Most Women Away From Cryptocurrency (#GotBitcoin?)
Artist Akon Loves BTC And Says, “It’s Controlled By The People” (#GotBitcoin?)
Ledger Live Now Supports Over 1,250 Ethereum-Based ERC-20 Tokens (#GotBitcoin?)
Co-Founder Of LinkedIn Presents Crypto Rap Video: Hamilton Vs. Satoshi (#GotBitcoin?)
Crypto Insurance Market To Grow, Lloyd’s Of London And Aon To Lead (#GotBitcoin?)
No ‘AltSeason’ Until Bitcoin Breaks $20K, Says Hedge Fund Manager (#GotBitcoin?)
NSA Working To Develop Quantum-Resistant Cryptocurrency: Report (#GotBitcoin?)
Custody Provider Legacy Trust Launches Crypto Pension Plan (#GotBitcoin?)
Vaneck, SolidX To Offer Limited Bitcoin ETF For Institutions Via Exemption (#GotBitcoin?)
Russell Okung: From NFL Superstar To Bitcoin Educator In 2 Years (#GotBitcoin?)
Bitcoin Miners Made $14 Billion To Date Securing The Network (#GotBitcoin?)
Why Does Amazon Want To Hire Blockchain Experts For Its Ads Division?
Argentina’s Economy Is In A Technical Default (#GotBitcoin?)
Blockchain-Based Fractional Ownership Used To Sell High-End Art (#GotBitcoin?)
Portugal Tax Authority: Bitcoin Trading And Payments Are Tax-Free (#GotBitcoin?)
Bitcoin ‘Failed Safe Haven Test’ After 7% Drop, Peter Schiff Gloats (#GotBitcoin?)
Bitcoin Dev Reveals Multisig UI Teaser For Hardware Wallets, Full Nodes (#GotBitcoin?)
Bitcoin Price: $10K Holds For Now As 50% Of CME Futures Set To Expire (#GotBitcoin?)
Bitcoin Realized Market Cap Hits $100 Billion For The First Time (#GotBitcoin?)
Stablecoins Begin To Look Beyond The Dollar (#GotBitcoin?)
Bank Of England Governor: Libra-Like Currency Could Replace US Dollar (#GotBitcoin?)
Binance Reveals ‘Venus’ — Its Own Project To Rival Facebook’s Libra (#GotBitcoin?)
The Real Benefits Of Blockchain Are Here. They’re Being Ignored (#GotBitcoin?)
CommBank Develops Blockchain Market To Boost Biodiversity (#GotBitcoin?)
SEC Approves Blockchain Tech Startup Securitize To Record Stock Transfers (#GotBitcoin?)
SegWit Creator Introduces New Language For Bitcoin Smart Contracts (#GotBitcoin?)
You Can Now Earn Bitcoin Rewards For Postmates Purchases (#GotBitcoin?)
Bitcoin Price ‘Will Struggle’ In Big Financial Crisis, Says Investor (#GotBitcoin?)
Fidelity Charitable Received Over $100M In Crypto Donations Since 2015 (#GotBitcoin?)
Would Blockchain Better Protect User Data Than FaceApp? Experts Answer (#GotBitcoin?)
Just The Existence Of Bitcoin Impacts Monetary Policy (#GotBitcoin?)
What Are The Biggest Alleged Crypto Heists And How Much Was Stolen? (#GotBitcoin?)
IRS To Cryptocurrency Owners: Come Clean, Or Else!
Coinbase Accidentally Saves Unencrypted Passwords Of 3,420 Customers (#GotBitcoin?)
Bitcoin Is A ‘Chaos Hedge, Or Schmuck Insurance‘ (#GotBitcoin?)
Bakkt Announces September 23 Launch Of Futures And Custody
Coinbase CEO: Institutions Depositing $200-400M Into Crypto Per Week (#GotBitcoin?)
Researchers Find Monero Mining Malware That Hides From Task Manager (#GotBitcoin?)
Crypto Dusting Attack Affects Nearly 300,000 Addresses (#GotBitcoin?)
A Case For Bitcoin As Recession Hedge In A Diversified Investment Portfolio (#GotBitcoin?)
SEC Guidance Gives Ammo To Lawsuit Claiming XRP Is Unregistered Security (#GotBitcoin?)
15 Countries To Develop Crypto Transaction Tracking System: Report (#GotBitcoin?)
US Department Of Commerce Offering 6-Figure Salary To Crypto Expert (#GotBitcoin?)
Mastercard Is Building A Team To Develop Crypto, Wallet Projects (#GotBitcoin?)
Canadian Bitcoin Educator Scams The Scammer And Donates Proceeds (#GotBitcoin?)
Amazon Wants To Build A Blockchain For Ads, New Job Listing Shows (#GotBitcoin?)
Shield Bitcoin Wallets From Theft Via Time Delay (#GotBitcoin?)
Blockstream Launches Bitcoin Mining Farm With Fidelity As Early Customer (#GotBitcoin?)
Commerzbank Tests Blockchain Machine To Machine Payments With Daimler (#GotBitcoin?)
Bitcoin’s Historical Returns Look Very Attractive As Online Banks Lower Payouts On Savings Accounts (#GotBitcoin?)
Man Takes Bitcoin Miner Seller To Tribunal Over Electricity Bill And Wins (#GotBitcoin?)
Bitcoin’s Computing Power Sets Record As Over 100K New Miners Go Online (#GotBitcoin?)
Walmart Coin And Libra Perform Major Public Relations For Bitcoin (#GotBitcoin?)
Judge Says Buying Bitcoin Via Credit Card Not Necessarily A Cash Advance (#GotBitcoin?)
Poll: If You’re A Stockowner Or Crypto-Currency Holder. What Will You Do When The Recession Comes?
1 In 5 Crypto Holders Are Women, New Report Reveals (#GotBitcoin?)
Beating Bakkt, Ledgerx Is First To Launch ‘Physical’ Bitcoin Futures In Us (#GotBitcoin?)
Facebook Warns Investors That Libra Stablecoin May Never Launch (#GotBitcoin?)
Government Money Printing Is ‘Rocket Fuel’ For Bitcoin (#GotBitcoin?)
Bitcoin-Friendly Square Cash App Stock Price Up 56% In 2019 (#GotBitcoin?)
Safeway Shoppers Can Now Get Bitcoin Back As Change At 894 US Stores (#GotBitcoin?)
TD Ameritrade CEO: There’s ‘Heightened Interest Again’ With Bitcoin (#GotBitcoin?)
Venezuela Sets New Bitcoin Volume Record Thanks To 10,000,000% Inflation (#GotBitcoin?)
Newegg Adds Bitcoin Payment Option To 73 More Countries (#GotBitcoin?)
China’s Schizophrenic Relationship With Bitcoin (#GotBitcoin?)
More Companies Build Products Around Crypto Hardware Wallets (#GotBitcoin?)
Bakkt Is Scheduled To Start Testing Its Bitcoin Futures Contracts Today (#GotBitcoin?)
Bitcoin Network Now 8 Times More Powerful Than It Was At $20K Price (#GotBitcoin?)
Crypto Exchange BitMEX Under Investigation By CFTC: Bloomberg (#GotBitcoin?)
“Bitcoin An ‘Unstoppable Force,” Says US Congressman At Crypto Hearing (#GotBitcoin?)
Bitcoin Network Is Moving $3 Billion Daily, Up 210% Since April (#GotBitcoin?)
Cryptocurrency Startups Get Partial Green Light From Washington
Fundstrat’s Tom Lee: Bitcoin Pullback Is Healthy, Fewer Searches Аre Good (#GotBitcoin?)
Bitcoin Lightning Nodes Are Snatching Funds From Bad Actors (#GotBitcoin?)
The Provident Bank Now Offers Deposit Services For Crypto-Related Entities (#GotBitcoin?)
Bitcoin Could Help Stop News Censorship From Space (#GotBitcoin?)
US Sanctions On Iran Crypto Mining — Inevitable Or Impossible? (#GotBitcoin?)
US Lawmaker Reintroduces ‘Safe Harbor’ Crypto Tax Bill In Congress (#GotBitcoin?)
EU Central Bank Won’t Add Bitcoin To Reserves — Says It’s Not A Currency (#GotBitcoin?)
The Miami Dolphins Now Accept Bitcoin And Litecoin Crypt-Currency Payments (#GotBitcoin?)
Trump Bashes Bitcoin And Alt-Right Is Mad As Hell (#GotBitcoin?)
Goldman Sachs Ramps Up Development Of New Secret Crypto Project (#GotBitcoin?)
Blockchain And AI Bond, Explained (#GotBitcoin?)
Grayscale Bitcoin Trust Outperformed Indexes In First Half Of 2019 (#GotBitcoin?)
XRP Is The Worst Performing Major Crypto Of 2019 (GotBitcoin?)
Bitcoin Back Near $12K As BTC Shorters Lose $44 Million In One Morning (#GotBitcoin?)
As Deutsche Bank Axes 18K Jobs, Bitcoin Offers A ‘Plan ฿”: VanEck Exec (#GotBitcoin?)
Argentina Drives Global LocalBitcoins Volume To Highest Since November (#GotBitcoin?)
‘I Would Buy’ Bitcoin If Growth Continues — Investment Legend Mobius (#GotBitcoin?)
Lawmakers Push For New Bitcoin Rules (#GotBitcoin?)
Facebook’s Libra Is Bad For African Americans (#GotBitcoin?)
Crypto Firm Charity Announces Alliance To Support Feminine Health (#GotBitcoin?)
Canadian Startup Wants To Upgrade Millions Of ATMs To Sell Bitcoin (#GotBitcoin?)
Trump Says US ‘Should Match’ China’s Money Printing Game (#GotBitcoin?)
Casa Launches Lightning Node Mobile App For Bitcoin Newbies (#GotBitcoin?)
Bitcoin Rally Fuels Market In Crypto Derivatives (#GotBitcoin?)
World’s First Zero-Fiat ‘Bitcoin Bond’ Now Available On Bloomberg Terminal (#GotBitcoin?)
Buying Bitcoin Has Been Profitable 98.2% Of The Days Since Creation (#GotBitcoin?)
Another Crypto Exchange Receives License For Crypto Futures
From ‘Ponzi’ To ‘We’re Working On It’ — BIS Chief Reverses Stance On Crypto (#GotBitcoin?)
These Are The Cities Googling ‘Bitcoin’ As Interest Hits 17-Month High (#GotBitcoin?)
Venezuelan Explains How Bitcoin Saves His Family (#GotBitcoin?)
Quantum Computing Vs. Blockchain: Impact On Cryptography
This Fund Is Riding Bitcoin To Top (#GotBitcoin?)
Bitcoin’s Surge Leaves Smaller Digital Currencies In The Dust (#GotBitcoin?)
Bitcoin Exchange Hits $1 Trillion In Trading Volume (#GotBitcoin?)
Bitcoin Breaks $200 Billion Market Cap For The First Time In 17 Months (#GotBitcoin?)
You Can Now Make State Tax Payments In Bitcoin (#GotBitcoin?)
Religious Organizations Make Ideal Places To Mine Bitcoin (#GotBitcoin?)
Goldman Sacs And JP Morgan Chase Finally Concede To Crypto-Currencies (#GotBitcoin?)
Bitcoin Heading For Fifth Month Of Gains Despite Price Correction (#GotBitcoin?)
Breez Reveals Lightning-Powered Bitcoin Payments App For IPhone (#GotBitcoin?)
Big Four Auditing Firm PwC Releases Cryptocurrency Auditing Software (#GotBitcoin?)
Amazon-Owned Twitch Quietly Brings Back Bitcoin Payments (#GotBitcoin?)
JPMorgan Will Pilot ‘JPM Coin’ Stablecoin By End Of 2019: Report (#GotBitcoin?)
Is There A Big Short In Bitcoin? (#GotBitcoin?)
Coinbase Hit With Outage As Bitcoin Price Drops $1.8K In 15 Minutes
Samourai Wallet Releases Privacy-Enhancing CoinJoin Feature (#GotBitcoin?)
There Are Now More Than 5,000 Bitcoin ATMs Around The World (#GotBitcoin?)
You Can Now Get Bitcoin Rewards When Booking At Hotels.Com (#GotBitcoin?)
North America’s Largest Solar Bitcoin Mining Farm Coming To California (#GotBitcoin?)
Bitcoin On Track For Best Second Quarter Price Gain On Record (#GotBitcoin?)
Bitcoin Hash Rate Climbs To New Record High Boosting Network Security (#GotBitcoin?)
Bitcoin Exceeds 1Million Active Addresses While Coinbase Custodies $1.3B In Assets
Why Bitcoin’s Price Suddenly Surged Back $5K (#GotBitcoin?)
Zebpay Becomes First Exchange To Add Lightning Payments For All Users (#GotBitcoin?)
Coinbase’s New Customer Incentive: Interest Payments, With A Crypto Twist (#GotBitcoin?)
The Best Bitcoin Debit (Cashback) Cards Of 2019 (#GotBitcoin?)
Real Estate Brokerages Now Accepting Bitcoin (#GotBitcoin?)
Ernst & Young Introduces Tax Tool For Reporting Cryptocurrencies (#GotBitcoin?)
Recession Is Looming, or Not. Here’s How To Know (#GotBitcoin?)
How Will Bitcoin Behave During A Recession? (#GotBitcoin?)
Many U.S. Financial Officers Think a Recession Will Hit Next Year (#GotBitcoin?)
Definite Signs of An Imminent Recession (#GotBitcoin?)
What A Recession Could Mean for Women’s Unemployment (#GotBitcoin?)
Investors Run Out of Options As Bitcoin, Stocks, Bonds, Oil Cave To Recession Fears (#GotBitcoin?)
Goldman Is Looking To Reduce “Marcus” Lending Goal On Credit (Recession) Caution (#GotBitcoin?)
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