Overview • The Chinese government is seemingly not against Hong Kong’s aspiration to become a crypto hub. • Beijing supports this move, contradicting the ban on digital currencies in late September 2021. • Hong Kong’s Securities and Futures Commission (SFC) announced a new digital currency license regime on February 20. Beijing Supports Hong Kong Crypto…
• The “Coinbase premium index” is an indicator that measures the difference between the Bitcoin price listed on Coinbase Pro (USD pair) and that listed on Binance (USDT pair). • When the index has a positive value, it means US investors are buying more heavily than global investors. • The 30-day SMA of the metric…
• Sberbank, Russia’s largest banking establishment, is set to launch its decentralized finance (DeFi) platform by May. • The project is currently in closed beta testing and will enter open testing from March 1. • Sberbank has also obtained a license from the Bank of Russia to issue its own digital token and launched the…