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Chinese Banks Ride the Cryptocurrency Wave in Hong Kong
China's banks show interest in collaborating with Hong Kong's crypto companies as the city aims to become a leading hub for digital assets. As we reported earlier, Hong Kong plans to legalize cryptocurrencies and related trading from June 1, 2023. BlackRock CEO predicts: inflation & interest rates still rising
Current situation in the banking sector is described by Lawrence Fink as the "price of easy money." He believes that the collapse of Silicon Valley Bank could have led to a massive financial crisis, but the prompt response of regulators prevented serious consequences.
The LUNC community is having a vote (https://atomscan.com/terra/votes/11324) we all deserve. Namely: a proposal to re-peg the USTC stablecoin to $1.
Better yet, the decision has almost been made. Following the news, USTC increased by 60% in just 10 hours, and the internal token LUNC caught up and rose by 20%.
Hey, why stop at $1? Don’t you think that $10-$15 sounds juicier? After all, you’re the only ones in the "moon" market, so you probably won’t face any issues with interest either.
Cryptocurrency-focused media company CoinDesk Inc. is exploring options for a partial or complete sale of the outlet. CoinDesk has hired experts from the independent investment bank Lazard Ltd. to study the matter.
"My goal in hiring Lazard is to explore various options to attract growth capital to the CoinDesk business, which may include a partial or full sale," CEO Kevin Worth told Reuters.
According to Worth, they received many indications of interest in the business from potential buyers.
The open interest in bitcoin futures reached an annual high of $12 billion.
This indicates a notable increase in liquidity, which is a vital factor for the markets.
Also, trading volumes on decentralized exchanges hit all-time highs over the past 16 months. The EU will open a blockchain sandbox
For the period of 2023-2026, the regulatory sandbox funded by Digital Europe will annually support 20 projects and award a prize for the most daring innovations. Options for using blockchain services in the public sector are of particular interest to the organizers. Heavyweight champions Usyk and Blockasset released NFTs in support of Ukraine
Oleksandr Usyk is not the first athlete of the world scale who shows interest in digital assets and creates his NFT collections. But it should be noted that this boxer collection is not meant to enrich him but has only good intentions. 











