Analysts at financial services giant JPMorgan forecast “significant upside” for Bitcoin over the next months in a report on Wednesday. Bitcoin is trading below its fair value relative to gold when adjusted for volatility, according to analysts at JPMorgan. The rise in gold volatility during its rally to all-time highs in October makes the precious metal riskier and Bitcoin (BTC) “more attractive to investors,” analysts said, based on the bitcoin-to-gold volatility ratio falling to 1.8, meaning BTC carries 1.8 times the risk of gold. The report read: This mechanical exercise thus implies significant upside for Bitcoin over the next 6-12 months,” JPMorgan said. Read more
Coinbase's Shan Aggarwal and Scott Meadows spoke to Cointelegraph at the Blockchain Futurist Conference on the future of the industry in the US. Coinbase executives are urging US lawmakers to view stablecoin and market structure bills as interconnected pieces of a broader crypto regulatory framework, as Congress continues to deliberate over industry rules. Speaking to Cointelegraph at the Blockchain Futurist Conference on Thursday, Coinbase Chief Business Officer Shan Aggarwal weighed in on how a market structure bill could affect US markets. According to Aggarwal, both the market structure currently being considered in the US Senate — called CLARITY when it passed the House of Representatives — and the GENIUS stablecoin bill passed in July act “effectively like oil for the onchain economy.” Read more
Crypto influencers charged for shilling “Hong Kong’s FTX.” Philippines senate considers putting government budget on blockchain. Asia Express. Hong Kong authorities on Wednesday formally charged influencers linked to the defunct crypto exchange JPEX. Among those charged are Joseph Lam Chok, a lawyer-turned-influencer, and Chan Yee, a prominent key opinion leader (KOI) in the cryptocurrency community. Prosecutors say they promoted JPEX while either knowing or ignoring that the platform had no approval to operate in Hong Kong. Under Hong Kongs Anti-Money Laundering Ordinance, it is an offense to fraudulently or recklessly induce others to invest in crypto. Six core members of the alleged JPEX group and seven operators of over-the-counter crypto shops were also charged, along with three individuals accused of serving as front account holders. Read more
Crypto influencers charged for shilling “Hong Kong’s FTX.” Philippines senate considers putting government budget on blockchain. Asia Express. Hong Kong authorities on Wednesday formally charged influencers linked to the defunct crypto exchange JPEX. Among those charged are Joseph Lam Chok, a lawyer-turned-influencer, and Chan Yee, a prominent key opinion leader (KOI) in the cryptocurrency community. Prosecutors say they promoted JPEX while either knowing or ignoring that the platform had no approval to operate in Hong Kong. Under Hong Kongs Anti-Money Laundering Ordinance, it is an offense to fraudulently or recklessly induce others to invest in crypto. Six core members of the alleged JPEX group and seven operators of over-the-counter crypto shops were also charged, along with three individuals accused of serving as front account holders. Read more
Crypto influencers charged for shilling “Hong Kong’s FTX.” Philippines senate considers putting government budget on blockchain. Asia Express. Hong Kong authorities on Wednesday formally charged influencers linked to the defunct crypto exchange JPEX. Among those charged are Joseph Lam Chok, a lawyer-turned-influencer, and Chan Yee, a prominent key opinion leader (KOI) in the cryptocurrency community. Prosecutors say they promoted JPEX while either knowing or ignoring that the platform had no approval to operate in Hong Kong. Under Hong Kongs Anti-Money Laundering Ordinance, it is an offense to fraudulently or recklessly induce others to invest in crypto. Six core members of the alleged JPEX group and seven operators of over-the-counter crypto shops were also charged, along with three individuals accused of serving as front account holders. Read more
Crypto influencers charged for shilling “Hong Kong’s FTX.” Philippines senate considers putting government budget on blockchain. Asia Express. Hong Kong authorities on Wednesday formally charged influencers linked to the defunct crypto exchange JPEX. Among those charged are Joseph Lam Chok, a lawyer-turned-influencer, and Chan Yee, a prominent key opinion leader (KOI) in the cryptocurrency community. Prosecutors say they promoted JPEX while either knowing or ignoring that the platform had no approval to operate in Hong Kong. Under Hong Kongs Anti-Money Laundering Ordinance, it is an offense to fraudulently or recklessly induce others to invest in crypto. Six core members of the alleged JPEX group and seven operators of over-the-counter crypto shops were also charged, along with three individuals accused of serving as front account holders. Read more
Crypto influencers charged for shilling “Hong Kong’s FTX.” Philippines senate considers putting government budget on blockchain. Asia Express. Hong Kong authorities on Wednesday formally charged influencers linked to the defunct crypto exchange JPEX. Among those charged are Joseph Lam Chok, a lawyer-turned-influencer, and Chan Yee, a prominent key opinion leader (KOI) in the cryptocurrency community. Prosecutors say they promoted JPEX while either knowing or ignoring that the platform had no approval to operate in Hong Kong. Under Hong Kongs Anti-Money Laundering Ordinance, it is an offense to fraudulently or recklessly induce others to invest in crypto. Six core members of the alleged JPEX group and seven operators of over-the-counter crypto shops were also charged, along with three individuals accused of serving as front account holders. Read more
Crypto influencers charged for shilling “Hong Kong’s FTX.” Philippines senate considers putting government budget on blockchain. Asia Express. Hong Kong authorities on Wednesday formally charged influencers linked to the defunct crypto exchange JPEX. Among those charged are Joseph Lam Chok, a lawyer-turned-influencer, and Chan Yee, a prominent key opinion leader (KOI) in the cryptocurrency community. Prosecutors say they promoted JPEX while either knowing or ignoring that the platform had no approval to operate in Hong Kong. Under Hong Kongs Anti-Money Laundering Ordinance, it is an offense to fraudulently or recklessly induce others to invest in crypto. Six core members of the alleged JPEX group and seven operators of over-the-counter crypto shops were also charged, along with three individuals accused of serving as front account holders. Read more