Crypto News
Hong Kong to Kickstart New Web3 and Digital Yuan Initiatives This Year
The city of Hong Kong has detailed the advancement of new Web3 and digital yuan initiatives as part of its 2024-2025 budget. In a speech, Hong Kong Financial Secretary Paul Chan stated that the city would expedite a Web3 sandbox for stablecoins and expand the digital yuan pilot as part of its digital finance policies.Source link
Bitcoin Miners Need to Be Proactive to Hold Their Positions After Halving: Fidelity Digital Assets
As the protocol evolves, new layers could emerge bringing new use cases and more users, the report said.Source link
Bitcoin Miner Bitdeer Says It Has Launched Its ‘First Cryptocurrency Mining Chip’
Bitdeer, a bitcoin miner, recently announced the launch of what it refers to as its “first cryptocurrency mining chip.” Bitdeer claimed that the chip could potentially improve bitcoin mining performance without excessive power consumption. New Rig to Help Bitcoin Miners Minimize Operational Costs Bitdeer, a leading bitcoin mining firm, has launched what it describes asSource link
Crypto Liquidations Cross $550M as Bitcoin Remains Volatile Ahead of Historic Highs
Memecoin futures took on nearly $90 million in liquidations as prices corrected after a massive rally in the past week.Source link
Deribit’s Bitcoin Volatility Index Signals Price Turbulence, Hits 16-Month High
The surging implied volatility has boosted the allure of "call overwriting" strategies that allow investors to generate additional yield on top of their spot market holdings.Source link