ChainFabricNews

Image source: Kr Asia   In a major leap forward for the cryptocurrency world, Hong Kong is positioning itself as a global leader in digital assets. The city is set to approve new crypto products, including derivatives and margin lending, as part of an effort to strengthen its appeal to institutional investors. This move is a game-changer for the crypto space and highlights Hong Kong’s ambition to become a true hub for digital finance. A Growing Crypto Hub Hong Kong's decision to expand its cryptocurrency offerings comes at a time when digital assets are gaining more acceptance worldwide. According to Julia Leung, the Chief Executive of the Securities and Futures Commission (SFC), the city plans to introduce a wider range of crypto products, including derivatives and margin lending, designed for sophisticated investors. These products are already in high demand as they allow investors to take more advanced positions in the digital asset market. In addition, Hong Kong has been iss...

Image source: Crypto News   In recent months, New Zealand has been making headlines with its ambitious plans to introduce a Central Bank Digital Currency (CBDC), which the Reserve Bank of New Zealand (RBNZ) is calling “Digital Cash.” While the idea might sound modern and futuristic, it hasn’t exactly won over the public—at least, not yet. The RBNZ recently wrapped up its second round of public consultation on the idea, and the response was overwhelming. Over 18,000 Kiwis participated in the survey, making it one of the most highly responded-to consultations in the bank’s history. The goal? To find out what everyday New Zealanders think about replacing—or at least supplementing—physical cash with a digital version issued by the central bank. Not Everyone’s on Board Surprisingly, only about 16% of people said they support the move toward a CBDC. The overwhelming majority expressed concerns, and one word kept coming up over and over again: privacy . Many respondents fear that a di...

Image source: coinpedia   In a surprising but significant development, former President Donald Trump has signed an executive order to create what’s being called the Strategic Bitcoin Reserve . This marks a huge shift in how the U.S. government approaches cryptocurrencies—especially Bitcoin—and signals a strong move toward embracing digital assets as part of the nation’s long-term financial strategy. So, what exactly is this reserve? The idea is simple but powerful: the U.S. government will now hold Bitcoin (and other digital assets like Ethereum and Solana) that were seized in criminal and civil cases. These digital currencies, instead of being sold off, will now be stored as national assets , much like how gold is held in reserves. The government isn’t buying Bitcoin using tax money—it's just keeping what it already has from legal forfeitures. This move makes a lot of sense to many experts in the crypto space. Over the last few years, Bitcoin has proven itself to be more than j...