🚀 Hong Kong Monetary Authority Launches Second Phase Of Digital Hong Kong Dollar Pilot Program
#HongKong #MonetaryAuthority #DigitalHongKongDollar #eHKD #tokenizedDeposits #digitalCurrencies #pilotProgram #tokenizedAssets #programmability #offlinePayments #digitalCurrencyEcosystem
According to PANews, the Hong Kong Monetary Authority (HKMA) has announced the commencement of the second phase of its Digital Hong Kong Dollar (e-HKD) pilot program. This phase aims to further explore new types of digital currencies for both individuals and businesses, including the e-HKD and tokenized deposits. The project has been renamed 'e-HKD+' to reflect a broader exploration of the digital currency ecosystem.
Eleven selected institutions will conduct innovative use case studies in three key areas: tokenized asset settlement, programmability, and offline payments. This phase of research will assist the HKMA in understanding the potential design and operational challenges within a coexisting public and private digital currency ecosystem.#HongKong #MonetaryAuthority #DigitalHongKongDollar #eHKD #tokenizedDeposits #digitalCurrencies #pilotProgram #tokenizedAssets #programmability #offlinePayments #digitalCurrencyEcosystem
🚀 Fed's Kashkari Predicts Policy Rate for 2024 and 2025
#Fed #Kashkari #PolicyRate #InterestRate #2024 #2025 #FederalReserve
According to BlockBeats, on September 23, Federal Reserve official Neel Kashkari stated that the policy interest rate is expected to be 4.4% by the end of 2024. This projection aligns with the median forecast of Federal Reserve policymakers. Kashkari also indicated that by the end of 2025, the policy rate is anticipated to decrease to 3.4%, maintaining consistency with the central bank's median predictions.#Fed #Kashkari #PolicyRate #InterestRate #2024 #2025 #FederalReserve
🚀 OpenAI Academy To Distribute $1 Million In API Credits
#OpenAI #APIcredits #OpenAIAcademy #artificialintelligence #innovation #developers #researchers
According to PANews, OpenAI has announced plans to distribute the first batch of $1 million in API credits through its OpenAI Academy. This initiative aims to expand access to OpenAI's models, providing more opportunities for developers and researchers to utilize the technology. The move is part of OpenAI's broader strategy to democratize artificial intelligence and foster innovation in the field.#OpenAI #APIcredits #OpenAIAcademy #artificialintelligence #innovation #developers #researchers
🚀 Rio Platforms And Bitfarm Reach Settlement Agreement
#RioPlatforms #Bitfarms #settlementagreement #boardofdirectors #AmyFreedman #specialcommittee #shareholders #commonshares
According to Odaily, Rio Platforms has announced a settlement agreement with Bitfarm. The key points of the agreement include the resignation of Andrés Finkielsztain from the company's board of directors and the appointment of Amy Freedman to the board, governance and nomination committee, and the board's compensation committee. Freedman will also be a member of any independent 'special committee' formed by the board, provided she remains independent within the scope of the committee's tasks. Additionally, Riot has withdrawn its request to convene a special meeting of the company's shareholders. Prior to and following the agreement, Riot beneficially owns 90,110,912 common shares of Bitfarms, representing approximately 19.9% of the issued and outstanding common shares, based on information provided by the company.#RioPlatforms #Bitfarms #settlementagreement #boardofdirectors #AmyFreedman #specialcommittee #shareholders #commonshares
🚀 Lumia Launches Testnet And User Task Points Program For RWA Layer 2
#Lumia #testnet #RWA #Layer2 #developers #userexperience #blockchain #ecosystem
According to Odaily, Lumia has announced the launch of a testnet and a user task points program for its RWA Layer 2. The testnet allows developers and users to explore various features such as faucets, bridging, and sequencers before the mainnet goes live. This initiative is expected to attract developers and users interested in experimenting with the foundational components of the Lumia L2 ecosystem.#Lumia #testnet #RWA #Layer2 #developers #userexperience #blockchain #ecosystem
🚀 Coinbase's bBTC Sees Rapid Adoption With Over 3,500 Users
#Coinbase #bBTC #cryptocurrency #BaseChain #blockchain #adoption #usergrowth #BTC #IntoTheBlock #milestone
According to Odaily, data from IntoTheBlock reveals that Coinbase's recently launched bBTC has quickly gained traction, with the number of user addresses surpassing 3,500. This significant milestone comes shortly after its introduction earlier this month.
Notably, these addresses are actively engaged in transactions on the Base chain, with an average daily settlement value of $472 million in BTC. This rapid adoption highlights the growing interest and utilization of bBTC within the cryptocurrency community.#Coinbase #bBTC #cryptocurrency #BaseChain #blockchain #adoption #usergrowth #BTC #IntoTheBlock #milestone
🚀 Traders Increase Bets on ECB Rate Cut in October
#Traders #ECBratecut #October #EuropeanCentralBank #FinancialNews #RateCut
According to Odaily, traders have raised their expectations for a rate cut by the European Central Bank (ECB). The probability of a 25 basis point rate cut in October is now estimated at 40%.#Traders #ECBratecut #October #EuropeanCentralBank #FinancialNews #RateCut
🚀 Federal Reserve's Bostic Supports 50 Basis Points Rate Cut
#FederalReserve #Bostic #RateCut #EconomicNormalization #Inflation #JobMarket #MonetaryPolicy #PriceStability #InterestRates
According to Odaily, Federal Reserve official Bostic has expressed support for a 50 basis points rate cut. He emphasized the need to balance the uncertainties surrounding inflation and the risks in the job market. Bostic noted that the process of economic normalization is progressing faster than previously anticipated, necessitating adjustments in monetary policy.
Recent data indicates that the United States is steadily moving towards a sustainable path of price stability. Bostic also mentioned that, given the current high-interest rates, the differences in the neutral rate level are 'irrelevant.'#FederalReserve #Bostic #RateCut #EconomicNormalization #Inflation #JobMarket #MonetaryPolicy #PriceStability #InterestRates
🚀 Worldcoin Launches World ID Verification Service In Malaysia
#Worldcoin #WorldID #VerificationService #Malaysia #IdentityVerification #UserSecurity #GlobalReach #Convenience #LocalMarket #WLD
According to BlockBeats, Worldcoin has officially launched its World ID verification service in Malaysia as of September 23. This new service aims to provide secure and reliable identity verification for users in the region. The introduction of World ID in Malaysia marks a significant step in Worldcoin's efforts to expand its global reach and enhance user security. The company believes that this service will help streamline various processes that require identity verification, offering a more efficient and trustworthy solution for both individuals and businesses. The launch is expected to have a positive impact on the local market, providing a new level of convenience and security for users.#Worldcoin #WorldID #VerificationService #Malaysia #IdentityVerification #UserSecurity #GlobalReach #Convenience #LocalMarket #WLD
🚀 Virtual Asset Ecosystem Undergoing Transformation
#VirtualAsset #Cryptocurrency #Bitcoin #RWA #Web3 #TOKEN2049 #InterestRates #MonetaryPolicy #CryptoMarket #DigitalAssets
According to Odaily, Fu Rao, Executive Director of the Hong Kong International New Economy Research Institute, discussed the evolving virtual asset ecosystem in an article for Ta Kung Pao. He highlighted Vitalik's remarks at TOKEN2049, noting that we are in the early stages of truly usable cryptographic technology, which is gradually maturing and gaining broader application. Notably, the U.S. Federal Reserve's 0.5% interest rate cut, the first since March 2020, was mentioned by Grayscale Research as supportive of both cryptocurrency and traditional market valuations. The Fed's monetary policy, particularly the end of the rate hike cycle and discussions of rate cuts, has a positive impact on the recovery of the cryptocurrency market. Bitcoin, as an alternative monetary system competing with the U.S. dollar, may see its valuation influenced by the Fed's rate cut decisions. The decline in real interest rates and a weaker dollar could support Bitcoin's valuation. Real World Assets (RWA) tokenization, representing the integration of Web3.0 and Web2.0, is gaining significant attention. Discussions on its on-chain protocol releases, application case sharing, regulatory and operational process exploration are diverse. RWA's high asset capacity, rapid recognition outside the crypto community, and lower risk compared to traditional Web3.0 assets may make it a key theme for the further expansion of the Web3.0 industry.#VirtualAsset #Cryptocurrency #Bitcoin #RWA #Web3 #TOKEN2049 #InterestRates #MonetaryPolicy #CryptoMarket #DigitalAssets
🚀 Solana Co-Founder Shares Key Survival Tips For Startups
#Solana #Startups #Entrepreneurship #StartupTips #Funding #BusinessSurvival #CostManagement #Profitability #TeamManagement #FinancialAdvice #SOL
According to Odaily, Solana co-founder Anatoly Yakovenko recently shared crucial survival tips for startups on the X platform. He emphasized that the primary reason for startup failure is running out of funds, and avoiding this can ensure the company's survival. Yakovenko warned entrepreneurs to be highly cautious of long-term contracts, such as office leases or data center agreements, as these are akin to debt. He advised keeping contract expenses below 20% of total expenditures, warning that exceeding this threshold is extremely risky.
Yakovenko also highlighted that large teams can quickly deplete funds. He suggested that each employee should justify their value through profit or revenue. If a company has an 18-month cash reserve, it needs to achieve profitability or secure refinancing within 6-12 months. If profitability is not reached within six months, a 33% reduction in expenses may be necessary; after nine months, a 50% cut might be required. Given that contract expenses cannot be reduced, this could result in layoffs of 50% to 70%.#Solana #Startups #Entrepreneurship #StartupTips #Funding #BusinessSurvival #CostManagement #Profitability #TeamManagement #FinancialAdvice #SOL
🚀 Tether Treasury Transfers Nearly 50 Million USDT on Tron Network
#Tether #USDT #Tron #blockchain #cryptocurrency
According to Odaily, Whale Alert has reported that at approximately 19:52 UTC+8 today, Tether Treasury transferred 49,925,662 USDT to a wallet on the Tron blockchain.#Tether #USDT #Tron #blockchain #cryptocurrency
🚀 Federal Reserve's Bostic Predicts Smaller Rate Adjustments Ahead
#FederalReserve #Bostic #InterestRates #EconomicConditions #MonetaryPolicy
According to BlockBeats, on September 23, Federal Reserve official Raphael Bostic indicated that the central bank is likely to implement smaller interest rate adjustments in the future. This statement reflects a potential shift in the Federal Reserve's approach to managing economic conditions.#FederalReserve #Bostic #InterestRates #EconomicConditions #MonetaryPolicy
🚀 FalconX Research Director Highlights Rising Correlation Between Cryptocurrency Prices And Risk Assets
#FalconX #Cryptocurrency #RiskAssets #MarketTrends #EconomicImpact #BullMarket #Liquidity #Investing
According to Odaily, FalconX Research Director David Lawant has observed an increasing correlation between cryptocurrency prices and broader risk asset indices. This trend is expected to persist for some time. Lawant attributes this to the current low-interest-rate cycle combined with a soft economic landing, which forms the baseline scenario for most investors. This new macroeconomic environment is anticipated to be favorable for cryptocurrencies.
Additionally, Lawant suggests that favorable election outcomes and a more supportive liquidity environment for risk assets could potentially trigger the next cryptocurrency bull market.#FalconX #Cryptocurrency #RiskAssets #MarketTrends #EconomicImpact #BullMarket #Liquidity #Investing
🚀 Helix Labs Completes Pre-Seed Funding Round
#HelixLabs #PreSeedFunding #Cardano #ADA #DeFi #Liquidity #L1Assets #L3 #MovementLabs #Cryptocurrency #FundingRound #Innovation #Blockchain
According to Odaily, Helix Labs has successfully completed its Pre-Seed funding round, raising $2 million at a valuation of $40 million. The funding was led by Tribe Capital, EMURGO Ventures, Taureon Capital, LD Capital, and Double Peak Group. The raised capital aims to enhance the use cases of L1 assets by providing liquidity and users for L3, addressing its 'cold start' issue, and unlocking Cardano's liquidity to integrate it into the broader DeFi ecosystem. Helix Labs has joined Movement Labs' Move Collective accelerator program. The protocol technology will enable Cardano's ADA token holders to stake while obtaining liquid staked ADA, which can then be bridged to Movement, potentially unlocking approximately $12 billion in Cardano's liquidity. Helix Labs aims to improve yield opportunities for non-Ethereum L1 asset holders and support future MoveVM rollups through liquidity abstraction and the OmniVM tech stack.#HelixLabs #PreSeedFunding #Cardano #ADA #DeFi #Liquidity #L1Assets #L3 #MovementLabs #Cryptocurrency #FundingRound #Innovation #Blockchain
🚀 Trader Gains Over $1.3 Million From $800 Investment In Moodeng Token
#Trader #Gains #Million #Investment #MoodengToken #SOL #Profit #Blockchain #Cryptocurrency
According to BlockBeats, on September 23, Arkham monitoring revealed that a trader who spent 6 SOL (approximately $800) on September 10 to purchase MOODENG tokens has now seen a profit exceeding $1.3 million.#Trader #Gains #Million #Investment #MoodengToken #SOL #Profit #Blockchain #Cryptocurrency
🚀 🔥 Analysts Predict Strong Bitcoin Gains in Q4 2024, Based on Historical Trends 🔥
#Bitcoin #Q42024 #cryptocurrency #trends #gains #marketanalysis #BTC
According to TechFlow, on-chain analyst Ali has suggested that Bitcoin may experience significant gains in the fourth quarter of 2024, mirroring past performance in similar years. Ali noted that Bitcoin surged 61% in Q4 2016 and soared by 171% in Q4 2020. With the current price action in 2024 resembling these previous years, Ali hinted that Bitcoin could be poised for another strong rally, suggesting history may be repeating itself.#Bitcoin #Q42024 #cryptocurrency #trends #gains #marketanalysis #BTC
🚀 Arkham Now Supports Monitoring Core Scientific's Bitcoin Mining Activities
#Arkham #CoreScientific #BitcoinMining #Bitcoin #Cryptocurrency #MiningActivities #ARKM
According to Odaily, Arkham has announced its support for monitoring the Bitcoin mining company Core Scientific. Since the beginning of 2023, Core Scientific has mined Bitcoin worth over $710 million, making it the second-largest publicly traded Bitcoin miner globally. Arkham has identified and publicly marked more than 1,250 Bitcoin addresses used by Core Scientific for mining, storage, and transfers.#Arkham #CoreScientific #BitcoinMining #Bitcoin #Cryptocurrency #MiningActivities #ARKM
🚀 Sygnum Secures Crypto License In Liechtenstein, Paving Way For EU Expansion
#Sygnum #crypto #Liechtenstein #EUExpansion #digitalAssets #MiCA #cryptocurrency #banking #brokerage #custody
According to BlockBeats, on September 23, digital asset banking group Sygnum announced that it has obtained a cryptocurrency license from Liechtenstein. This development facilitates the Zurich and Singapore-based bank's expansion into the European Union under the Markets in Crypto-Assets Regulation (MiCA). The license granted to Sygnum's subsidiary in Liechtenstein permits the provision of regulated digital asset services, including brokerage, custody, and banking services.#Sygnum #crypto #Liechtenstein #EUExpansion #digitalAssets #MiCA #cryptocurrency #banking #brokerage #custody
🚀 Telegram Enhances Search Security to Combat Illegal Activities
#Telegram #SearchSecurity #IllegalActivities #AI #PrivacyPolicy #UserSafety #MessagingApps #CyberSecurity #PublicChannels #Bots
According to BlockBeats, on September 23, Telegram founder Pavel Durov announced on his personal channel that the search functionality on Telegram is more powerful than other messaging apps because it allows users to find public channels and bots. Unfortunately, this feature has been misused by some individuals to sell illegal goods, violating Telegram's terms of service.
In recent weeks, a dedicated review team, aided by AI technology, has significantly improved the security of Telegram's search function. All identified problematic content is now inaccessible. Users are encouraged to report any unsafe or illegal content found in Telegram searches via @SearchReport.
To further prevent criminals from abusing Telegram's search feature, the service terms and privacy policy have been updated to ensure global consistency. It is now explicitly stated that the IP addresses and phone numbers of users who violate the rules may be disclosed to relevant authorities upon legitimate request.
These measures aim to deter criminals. Telegram's search function is intended to help users find friends and discover news, not to promote illegal goods. The platform is committed to maintaining the integrity of its nearly one billion users.#Telegram #SearchSecurity #IllegalActivities #AI #PrivacyPolicy #UserSafety #MessagingApps #CyberSecurity #PublicChannels #Bots