Crypto News and Info Tracker - Daily

By: Quiet. Please
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  • Summary

  • Stay ahead in the world of cryptocurrencies with "Crypto News Tracker," your go-to podcast for the latest updates, insights, and analysis on Bitcoin, Ethereum, and the entire crypto market. Whether you're a seasoned investor or new to the crypto space, our daily episodes provide you with the essential news and trends to keep you informed and make smart investment decisions. Join us as we explore the rapidly evolving landscape of digital currencies, blockchain technology, and decentralized finance (DeFi). Subscribe now and never miss an episode of "Crypto News Tracker" – your trusted source for all things crypto.
    Copyright 2024 Quiet. Please
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Episodes
  • HashKey Exchange, Hong Kong's First Licensed Retail Crypto Exchange, Expands Offerings for Retail Investors

    HashKey Exchange, Hong Kong's First Licensed Retail Crypto Exchange, Expands Offerings for Retail Investors
    Aug 28 2024
    Hong Kong-based HashKey Exchange, one of the city's two licensed cryptocurrency exchanges, has received approval to sell two additional tokens to retail investors. This significant move marks a major milestone in the city's rapidly evolving crypto landscape.

    HashKey Exchange, Hong Kong's first licensed retail virtual asset exchange, has been making strides in recent months. The exchange recently launched its retail crypto trading services, offering a secure and compliant platform for investors. This latest approval allows retail investors to trade Avalanche (AVAX) and Chainlink's LINK token, in addition to existing cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH).

    The approval follows the integration of Uniswap into HashKey's trading platform and the launch of its inaugural licensed mobile trading application. This expansion of services is part of the exchange's broader strategy to offer a diverse range of digital currencies to its users.

    The exchange has been at the forefront of regulatory advancements in Hong Kong. It was among the first batch of licensed virtual asset exchanges to offer retail services in the city. HashKey Exchange has received approval from the Securities and Futures Commission (SFC) of Hong Kong to operate a virtual asset trading platform under Type 1 (Dealing in securities) licence and Type 7 (Providing automated trading services) licence.

    HashKey Exchange is committed to compliance, safety, and security, ensuring that client funds are held in segregated accounts, separated from the exchange's operations, and protected by institutional custody-grade insurance. The exchange also values data and privacy security, with ISO 27001 (Information Security) and ISO 27701 (Data Privacy) management system certifications.

    The launch of HashKey Exchange signals a significant stride in the development of Hong Kong's crypto landscape, opening the sector to a broader audience and paving the way for a more transparent and secure trading environment. The exchange's user-friendly interface and 24/7 customer support make it accessible to both novice and experienced investors.

    In addition to these developments, HashKey Exchange has announced plans to launch its own ERC-20 token called HashKey EcoPoints for rewarding ecosystem contributors, offering fee discounts, and specific rights for asset issuance. This initiative underscores the exchange's commitment to fostering a robust and supportive community.

    As Hong Kong's crypto industry continues to grow, HashKey Exchange remains a key player, providing a secure and reliable platform for investors to trade cryptocurrencies. The exchange's latest approval to sell AVAX and LINK tokens to retail investors is a testament to its dedication to innovation and compliance, ensuring that Hong Kong remains a hub for digital asset trading.
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    3 mins
  • Crypto Wealth Surge: Bitcoin Millionaires Skyrocket 111% in a Year

    Crypto Wealth Surge: Bitcoin Millionaires Skyrocket 111% in a Year
    Aug 27 2024
    Bitcoin millionaires surge 111% in a year amid crypto rally. The number of Bitcoin millionaires more than doubled to 85,400 while the total number of crypto millionaires topped 172,300, according to a recent report. This significant increase reflects the rapid growth of Bitcoin ETFs, which now have more than $50 billion in assets since their launch in January. The surge in crypto wealth has also created more than 84,000 new crypto billionaires, with five of the six new billionaires attributing their newfound wealth to Bitcoin. The price of Bitcoin has jumped 45% this year to about $64,000, contributing to the overall market cap of crypto assets increasing to $2.3 trillion, up from $1.2 trillion last summer.

    The growing acceptance of crypto assets among big asset managers such as BlackRock and Fidelity, with help from Morgan Stanley's salesforce of 15,000 brokers, could fuel further wealth creation among large crypto holders. Many of the newly crypto-rich are looking to move to tax-friendly and crypto-friendly jurisdictions, with Singapore ranking first on the "Crypto Adoption Index" due to its supportive banking system and comprehensive regulations.

    The report highlights that the ranks of the crypto rich have grown all the way up the wealth ladder, with 325 crypto centimillionaires and 28 crypto billionaires. The richest crypto billionaire, Changpeng Zhao, the founder and former CEO of Binance, is worth an estimated $33 billion. His wealth has soared by more than $10.5 billion over the past year. Brian Armstrong, the co-founder of Coinbase, ranks second with an estimated worth of $11 billion.

    The crypto rally has not only created more millionaires and billionaires but also changed where the rich live and work. According to Henley & Partners, many of the newly crypto-rich are seeking alternative residence and citizenship options. The report emphasizes that crypto will not only create more millionaires and billionaires but also change where the rich live and work.
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    2 mins
  • Controversial Bitcoin Maximalist Attacks Altcoins, Calls Them "Centralized Garbage"

    Controversial Bitcoin Maximalist Attacks Altcoins, Calls Them "Centralized Garbage"
    Aug 26 2024
    Max Keiser, a prominent Bitcoin maximalist, has once again sparked controversy in the cryptocurrency community by launching a scathing attack on several altcoins, including Ether, Cardano, Solana, and XRP. In a fiery rant, Keiser dismissed these cryptocurrencies as "centralized garbage" that are heading to zero.

    Keiser's criticism is not new; he has been a vocal advocate for Bitcoin and a critic of altcoins for years. His latest tirade is part of a broader narrative where he believes that Bitcoin is the only truly decentralized digital currency. He has repeatedly attacked altcoins, including XRP, which he has labeled as "centralized garbage" and predicted will collapse against Bitcoin.

    In a recent tweet, Keiser stated that XRP was created by Ripple CEO Brad Garlinghouse to "steal billions from witless fools." This comment has sparked significant backlash, with many in the cryptocurrency community defending XRP and its potential as a legitimate digital asset.

    Keiser's views on XRP are not isolated; he has also criticized other altcoins, including Ether, Cardano, and Solana. He believes that these coins are not decentralized and are subject to manipulation by their respective developers and investors. This stance is in line with his broader support for Bitcoin, which he sees as the only truly decentralized and secure cryptocurrency.

    Interestingly, Keiser has also praised the USD-backed stablecoin USDT, issued by Tether. Despite acknowledging that USDT is centralized, he sees it as a means to crash the fiat U.S. dollar. Keiser believes that millions of people are swapping their fiat money for USDT because they lack access to banking services. He views USDT as a play-money proxy to the USD, which can be used to access banking services.

    Keiser's support for USDT may be explained by Tether's recent actions, such as allocating part of its profits to buying BTC. This move, according to Keiser, is killing the U.S. dollar as a global reserve currency by issuing a fake version that millions use and putting the interest from investing in US Treasuries into Bitcoin.

    Max Keiser's views on the cryptocurrency market are deeply rooted in his belief that Bitcoin is the only true decentralized digital currency. His criticism of altcoins and praise for USDT highlight his complex and often controversial stance within the cryptocurrency community.
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    3 mins
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