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This week’s news
We bring you a summary of the most popular crypto assets (virtual currency) news this week (11/18 to 11/24).
The presence of crypto assets (virtual currency) is increasing worldwide, including in Japan, where we are promoting web3 policy and digital securities (ST) related businesses, as well as in Asian countries such as Hong Kong and Singapore. In response to the decision to hold the world class conference “webX 2024” at The Prince Park Tower Tokyo, we have created a new “Asia Special Feature” for this edition.
connection:Why we need a large-scale Web3 conference in Japan | WebX founder interview
Asia’s largest Web3 conference “WebX 2024” to be held at The Prince Park Tower Tokyo https://t.co/pogMJ9oqDw
The event is scheduled to be held over two days, August 28th (Wednesday) and August 29th (Thursday), 2024. We look forward to your application!
— CoinPost (virtual currency media) (@coin_post) September 29, 2023
According to regular reports, this week the news regarding the settlement between the largest crypto asset (virtual currency) exchange Binance and US regulators and the resignation of CEO Changpeng Zhao (CZ), who has been leading the web3 industry, will have an impact on the altcoin market. attracted the most attention.
table of contents
- This week’s featured news
- financial market
- Asia special feature
This week’s featured news
OpenAI fires CEO Sam Altman, virtual currency Worldcoin plummets (11/18)
OpenAI, an artificial intelligence company developed by ChatGPT, dismissed Sam Altman as CEO and director on the 17th, US time. The WLD token of the project he founded, Worldcoin, plummeted in price, but Altman has since returned as CEO. (the article ishere)
Bitcoin price approaches record high in Argentina after presidential election (11/21)
On this day, the price of Bitcoin (BTC) denominated in Argentina’s legal currency “peso” once again approached its all-time high (ATH). One of the reasons why the price continues to rise is that pro-Bitcoin congressman Javier Milay received support in the presidential election and was actually elected president. (the article ishere)
Binance’s CZ officially announces retirement as CEO, explains successor and future plans (11/22)
Binance CEO CZ officially announced on the 22nd that he has stepped down as CEO of the company. Foreign media had previously reported that CZ might step down as CEO due to a plea agreement with the U.S. Department of Justice. (the article ishere)
financial market
NVIDIA sales triple, but cryptocurrency-related stocks plunge by 7% after hours after Binance CZ declines | 22nd Financial Tankan (11/22)
On this day, semiconductor giant Nvidia’s stock price suddenly plunged 7% despite its strong financial results. Cryptocurrency-related stocks also fell due to the resignation of Binance CEO CZ. (the article ishere)
Reports on Binance cause risk-averse selling in the virtual currency market, BNB falls 11% from the previous day (11/22)
Bitcoin price fell 3.17% from the previous day to 1 BTC = $36,329. BNB fell 11% from the previous day, affected by Binance’s settlement with US regulators and CZ’s resignation as CEO. (the article ishere)
Bitcoin is trending at high prices, and institutional investors are expected to buy algos in the Ethereum futures market (11/24)
The Bitcoin price on this day was 1 BTC = $37,390, 0.1% higher than the previous day. Analyst Maartunn noted that Ethereum (ETH) has seen $700 million worth of organized buying. (the article ishere)
Asia special feature
ODX to implement “Public real estate STO” as the first project of the new PTS market START (11/20)
On the 16th, Osaka Digital Exchange (ODX) received approval from the Financial Services Agency for change registration and change approval for the establishment of a PTS for digital securities (security tokens: ST) transactions for its private trading system (PTS) for listed securities transactions. announced that. (the article ishere)
Mt.Gox, which went bankrupt in 2014, will soon begin paying cash to creditors (11/23)
Cryptocurrency exchange Mt Gox, which went bankrupt in 2014, is expected to start repaying creditors soon. Starting on the 22nd, the company began sending e-mails containing such information to creditors. (the article ishere)
National Tax Agency “The number of investigations into virtual currency transactions and the amount of additional taxes are at a high level” Report released for the administrative year of Reiwa 4 (11/24)
On the 22nd, Japan’s National Tax Agency released the “Status of Income Tax and Consumption Tax Investigations, etc.” for the Reiwa 4th administrative year. The number of investigations and the amount of additional taxes on transactions involving virtual currencies are said to be at a high level. (the article ishere)
Harvest Global tokenizes RWA and launches digital bond fund in Hong Kong (11/24)
Digital asset fintech company Meta Lab announced on the 23rd that it will collaborate with leading investment firm Harvest Global Investment (HGI) to launch a bond tokenized fund (RWA). This fund is offered to professional investors and invests primarily in U.S. fixed income securities. (the article ishere)
Central Bank of Singapore to significantly restrict virtual currency investment for individuals, expected to take effect next year (11/24)
On the 23rd, the Monetary Authority of Singapore (MAS), Singapore’s central bank, released its final response to the proposed virtual currency regulations. The regulatory guidelines are expected to come into effect in stages from mid-2024. (the article ishere)
connection:Why did the Japanese government start promoting the “Web3 Policy”?Summary of important points and related news
The post Weekly Crypto (Asia) Selected News | High interest in Argentina’s BTC price and Binance CZ’s resignation appeared first on Our Bitcoin News.
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