Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
Good morning, good day, and good evening. Welcome back to The Morning Cup. It’s your weekly recap of the latest in crypto news and your start to the week, no matter where you are. Don’t worry, we’ve selected just what you need to stay up-to-date, so you won’t spend time pouring through the news you don’t need, only the news you care about.
First up, we added a new feature called ‘Withdrawal whitelist’ that will bolster your account security and help you better protect your funds. When it is enabled, users can only withdraw funds to whitelisted addresses, adding an extra layer of security and control. For more information on this new feature, check out the article in our help center!
📈📉 Market Watch!
BTC came out of a rollercoaster week to end on an uptrend
Bitcoin’s (BTC) price was on an uptrend this week, even after a fair share of ups and downs leading up to Thursday. At the time of writing, BTC is trading at $24,946.03 after crossing $25,000 on Thursday for the first time since August of 2022. The 24H Gainers on Poloniex as of Monday are FUND/USDT, NEO/BTC, GAS/USDT, FCT2/USDT, and HT/USDT.
🗞️ So, what happened?
Hong Kong proposes new regulations around exchanges
Hong Kong’s Securities and Futures Commission proposed new rules surrounding the operations of exchanges looking to begin/continue operations within the city. This comes amid the metro’s bid to become a hub for blockchain technology, as previously reported by The Morning Cup. This comes at a time where other regulatory bodies seem to be balking at blockchain tech; earlier this month, digital asset exchange Kraken shut down its staking service after a lawsuit from the US Securities and Exchange Commission.
Among the Hong Kong SFC’s considerations are whether to offer services to retail investors. What is certain at this point, as evidenced by last week’s move by financial services entity DBS, is that in order to operate in Hong Kong, exchanges must apply for a license. There is also regulatory guidance on which tokens can be offered, as, according to reporting done by Coindesk, exchanges can only offer tokens that “satisfy the SFC’s criteria for an ‘eligible large-cap virtual asset’”.
YouTube’s new CEO offers positive outlook on Web3
YouTube recently appointed its new CEO, whose perspective on Web3 tech may spell an opportunity for blockchain integrations with the tech giant. Neal Mohan, who was YouTube’s longtime Chief Product Officer, has spoken about the potential of YouTube integrating with Web3 concepts such as the metaverse and/or NFTs in the past. The Accenture and Google Alum has gone so far as to speak about the use case of crowdfunding videos through tying them to non-fungible tokens. This is big news as YouTube sees an average 74.8 billion visits each month, making it the most popular website behind only Google, its parent company.
Beyond this, Mohan has made it clear in his own writing that Web3 tech can serve to facilitate a closer relationship between creators and their viewers. Although it’s safe to say that we aren’t going to see a blockchain-empowered YouTube in the very near future, having such an open-minded CEO may herald a new era for YouTube, and thus a new era in blockchain.
🤑 New Listings on Poloniex
Here’s what we’ve listed recently:
New Coins
Futures
🔍 DYOR before trading
This last week, we covered one of our recent listings, Carmin (CARMIN), which is a Polygon-based Layer 2!
What’s happening here at Poloniex?
This is what Poloniex’s week looked like
Highlights for the week
Campaigns
Our recap of ongoing campaigns that YOU can get involved in!
Carmin (CARMIN) Listing Giveaway: Complete Tasks to Win from $170,000 CARMIN (2/15–2/22/23)
Carmin (CARMIN) Listing Giveaway: Complete Tasks to Win from $170,000 CARMIN
Borrow & Trade BCH/BNB/DOGE/ETC/LTC/MATIC/SOL/XRP on Margin with 0 Interest! (2/22–3/6/23)
Borrow & Trade BCH/BNB/DOGE/ETC/LTC/MATIC/SOL/XRP on Margin with 0 Interest!
The community megaphone📢
Highlights from the community
Poloniex Exchange on Twitter: "Good morning! 🌞 pic.twitter.com/FNTcytEk0s / Twitter"
Good morning! 🌞 pic.twitter.com/FNTcytEk0s
Poloniex Exchange on Twitter: "How many Poloniex logos do you see?#poloniexgame pic.twitter.com/Edzy2sZBYB / Twitter"
How many Poloniex logos do you see?#poloniexgame pic.twitter.com/Edzy2sZBYB
Poloniex Exchange on Twitter: "How many words can you create out of "cryptocurrency?#pologame #poloniex #airdrop #dogecoin pic.twitter.com/r8uevflpCY / Twitter"
How many words can you create out of "cryptocurrency?#pologame #poloniex #airdrop #dogecoin pic.twitter.com/r8uevflpCY
Poloniex Exchange on Twitter: "Have you ever sold any personal property to invest in bitcoin? pic.twitter.com/9GNKbUTifB / Twitter"
Have you ever sold any personal property to invest in bitcoin? pic.twitter.com/9GNKbUTifB
And that about covers it for this week! Curious about our campaigns or upcoming events? Give us a shout in our Telegram channel- https://t.me/PoloniexEnglish
Is there anything you’d want to see us cover in our newsletter? Make sure to comment on this Medium article! Just want to show your appreciation? Smash that clap button and give a round of applause👏
Thanks for spending some time with us as we went over what’s going on. And wherever you are, from the team here at Poloniex, good morning, good day, and good evening!
☕️The Morning Cup: Hong Kong continues its path to becoming a crypto hub was originally published in The Poloniex blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.