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Hong Kong put out a proposal last week to license stablecoins. Singapore has already announced similar intentions. Its very likely that before the end of 2024, the two financial centers will have come up with rules that US lawmakers have failed to adopt after three years of efforts. ....
Risk on rally. so it s all wrapped up into better risk on environment for assets. i will say 2023 was a year to forget for crypto markets. yeah, certainly some still very nervous about the entire terrain there. and lastly, investment giant fidelity has once again marked down the value of its shares in elon musk s x, which of course more popularly known as twitter. tell us what prompted this decision. this is interesting because x is now technically a private company. we don t really know, we don t get accurate valuation where it is. axios actually obtains a copy of the securities filing put forward by fidelity showing they had marked down the value of their x holding by 71%, which is interesting because it would ....
Even bluechip crypto like Bitcoin and Ethereum surged 160% and 90%, respectively. Bitcoin prices zoomed to touch $44,000 in early December, after Blackrock, the world s preeminent asset manager with over $9 trillion in assets under management, filed for Bitcoin spot ETF. It has now settled around $43,000, about 155% higher than what it was at the beginning of the year. ....
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