Hi Everyone!
The crypto market is pumping. Ethereum and XRP are leading the altcoins. XRP briefly took the number 4 spot away from BNB this morning.
📰 Latest Crypto Industry News
Simpsons and NFTs - During the Treehouse of Horror 34, the Halloween special episode of the iconic animated series, the show made numerous references to the overvaluation of on-chain NFTs in the first chapter of the episode titled “Wild Barts Can’t Be Token.” In the episode, Marge battles through the blockchain to rescue Bart, now a living NFT, while the city’s mayor declares that Springfield’s art gallery will be digitized. - CoinDesk
We’ve seen this story before! in 2020 the Simpson episode “Frinkcoin” features Jim Parsons educating viewers on cryptocurrency, complete with a singing ledger book and teases to the identity of Satoshi. We’ve often seen the mainstream media and entertainment focus on crypto when things turn bullish! Is this a sign that higher prices for the crypto market are coming? Let’s wait and see.
Hong Kong wants Crypto Spot ETFs - Hong Kong’s securities regulator, the Securities and Futures Commission (SFC), is moving towards allowing retail investors to buy spot crypto Exchange Traded Funds (ETFs).
“We welcome proposals using innovative technology that boosts efficiency and customer experience,” SFC Chief Executive Officer Julia Leung is quoted by Bloomberg as saying. “We’re happy to give it a try as long as new risks are addressed. Our approach is consistent regardless of the asset.” - CoinDesk
Game theory is playing out as China, which controls Hong Kong, is trying to keep up with the US which is about to approval Bitcoin Spot ETFs.
South Korean Stocks soar after the country inexplicably bans short selling until June 2024. There is not any clarity as yet on if this applies to crypto short selling.
Bank of England proposes allowing stablecoins as a payment option for goods and services. The United Kingdom’s (UK) central bank, the Bank of England (BOE), has released a plan to govern the stablecoin crypto market. The BOE and the Financial Conduct Authority (FCA) plan to follow the rules released by the UK government last week to oversee the digital asset industry. - Watcher Guru
The SEC is having trouble hiring crypto experts.
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