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ZA Bank Launches Retail Crypto Trading in Hong Kong
News on the Blockchain
November 25, 2024
🌍 Daily Crypto Market Overview
Global Stats:
Cryptocurrencies: 2.4M+
Exchanges: 760
Market Cap: $3.35T (-0.47%)
24h Volume: $198.59B (-1.90%)
Bitcoin Dominance: 57.99% (+0.15%)
Ethereum Dominance: 12.17%
ETH Gas Price: 5.92 Gwei
Fear & Greed Index: 87/100 (Extreme Greed)
🪙 Top 5 Cryptocurrencies by Market Cap:
Name | Price | 24h Change | Market Cap | 24h Volume |
|---|---|---|---|---|
Bitcoin (BTC) | $98,372.37 | +0.04% | $1.95T | $54.39B |
Ethereum (ETH) | $3,382.48 | -0.97% | $407.36B | $28.64B |
Tether (USDT) | $1.00 | -0.01% | $132.73B | $159.42B |
BNB (BNB) | $661.28 | -0.49% | $95.23B | $3.07B |
Solana (SOL) | $253.34 | -0.77% | $120.27B | $5.33B |
💹 Market Highlights:
Total DeFi Volume: $14.64B (7.37% of total market)
Stablecoins Volume: $177.51B (89.39% of total market)
Coin with highest % change: CHADCAT/SOL (+9999%)
📈 Preview On Today’s News:
- ZA Bank Launches Retail Crypto Trading in Hong Kong
- SEC's Historic Year: Record Fines and Increased Enforcement in the Crypto Sector
- Bitcoin Magazine Japan: A Strategic Expansion in the Crypto Community
Keep reading for more!
Today’s News:
1)
ZA Bank Launches Retail Crypto Trading in Hong Kong
ZA Bank, Hong Kong's largest digital bank, has introduced a new service allowing retail users to buy and sell Bitcoin (BTC) and Ethereum (ETH) using fiat currency. This service, launched in collaboration with cryptocurrency exchange HashKey, aims to merge traditional banking with cryptocurrency. To use the service, Hong Kong residents must have an account with ZA Bank and complete a risk assessment. The move follows Hong Kong's recent approval of retail crypto trading, with only three licensed exchanges in the region. The partnership aligns with efforts to foster the Web3 ecosystem and diversify financial services.
ZA Bank in Hong Kong has launched retail crypto trading for Bitcoin and Ethereum, enabling users to buy and sell crypto using fiat currency.
The service, created in partnership with HashKey, aims to integrate traditional banking with cryptocurrency and is part of Hong Kong's efforts to expand crypto services.
2)
SEC's Historic Year: Record Fines and Increased Enforcement in the Crypto Sector
In fiscal 2024, the U.S. Securities and Exchange Commission (SEC) completed 583 enforcement actions, resulting in a record $8.2 billion in fines, marking a 14% increase from the previous year. This surge in penalties is part of the SEC’s broader crackdown on fraud, unregistered token sales, and risky trading practices within the cryptocurrency markets, with notable actions against major platforms like Binance and Coinbase. Chairman Gary Gensler, whose tenure ends in January 2025, emphasized the SEC’s commitment to market integrity and investor protection.
SEC issued 583 enforcement actions in 2024, totaling $8.2 billion in fines, a 14% increase from 2023.
The SEC targeted fraud, unregistered token sales, and risky crypto practices, with major cases against Binance and Coinbase.
3)
Bitcoin Magazine Japan: A Strategic Expansion in the Crypto Community
Metaplanet, a Japanese investment firm, has partnered with BTC Media to launch Bitcoin Magazine in Japan by the first quarter of 2025. This collaboration aims to provide localized, high-quality content for Japan’s growing Bitcoin community, featuring interviews, special editions, and online sessions. Metaplanet is also adjusting its corporate strategy to include Bitcoin as a reserve asset to combat Japan's economic challenges. With 1,142 Bitcoin currently held, valued at $111.7 million, Metaplanet aims to solidify Bitcoin Magazine Japan as a leading source for Bitcoin news and education in Japan.
Launch of Bitcoin Magazine Japan: Metaplanet and BTC Media's collaboration brings localized Bitcoin content to Japan, with a launch scheduled for Q1 2025.
Strategic Shift for Metaplanet: Metaplanet integrates Bitcoin into its strategy to tackle Japan’s economic issues, holding 1,142 BTC valued at $111.7 million.
