According to the local news outlet The Standard, Hong Kong is making strides in creating a clear framework for stablecoins pegged to traditional financial assets. The Hong Kong Monetary Authority (HKMA) aims to introduce the proposed comprehensive regulatory framework for stablecoins within 18 months. Stablecoin regulatory progression With Hong Kong’s progressive approach to stablecoin regulations, The post Hong Kong seeks fast regulatory action on stablecoins appeared first on CryptoSlate.

Ordinals are creating a paradigm shift in Bitcoin functionality, with the potential to unlock greater possibilities in digital asset management, NFTs, and collectibles. As the Ordinals project evolves, the integration of recursion establishes new opportunities for the creation of complex, interactive content on the Bitcoin blockchain. Labeled “Ordinals 2.0” by Bitcoin personality Dan Held, recursion The post Ordinals 2.0 reduces bloat, brings smart contract-like functionality to inscriptions appeared first on CryptoSlate.

The fallout from the U.S. Securities and Exchange Commission (SEC) lawsuits against major cryptocurrency exchanges Binance and Coinbase is starting to play out in the market. The legal action sent shockwaves throughout the crypto market, affecting many tokens in the lawsuits as evidence that the exchanges have been trading crypto securities. Analyzing the performance of these The post Crypto gaming sector hit hard as Nexo outperforms tokens listed in SEC lawsuits appeared first on CryptoSlate.

In the first part of this series, I discussed the U.S. Securities and Exhange Commission’s recent charges against Coinbase and Binance, their inability to properly regulate the crypto industry, the history of digital assets in the congressional record, and the significant decline in the mentions of digital assets by the U.S. Government. For this part, The post Op-ed: Why the SEC should never touch crypto again [Part 2] appeared first on CryptoSlate.

Bitcoin dominance is rising as crypto investors attempt to decipher the impact of the recent SEC lawsuits against Coinbase and Binance. Investors appear to be converting tokens proposed as securities by the SEC into less disputable assets such as Bitcoin. Crypto dominance Since the lawsuits were filed on June 6, the total market cap of the The post Bitcoin, Ethereum, Tether dominance rises as cybersecurity & fan tokens defy markets appeared first on CryptoSlate.