FameEX Morning Crypto News Recap | July 10, 2024

Australia's Biggest Stock Exchange Approves Second Spot Bitcoin ETF

Australia's primary stock exchange is set to introduce its second Bitcoin spot ETF. Digital asset management firm DigitalX has received regulatory approval to launch its Bitcoin spot ETF on the Australian Stock Exchange (ASX) under the ticker BTXX, scheduled for July 12.

The Bank of Italy to Issue Implementation Notice for EU's "MICAR" Crypto Asset Regulation

Fabio Panetta, an executive board member of the European Central Bank, announced that the Bank of Italy will soon issue a market notification detailing the implementation of the EU's upcoming crypto asset regulation "MICAR." This regulation categorizes electronic money tokens (EMT) and asset reference tokens (ART) as official means of payment and exchange.

Visa, HSBC, and Hang Seng Bank Set to Trial Tokenized Deposits in Hong Kong

Visa, HSBC, and Hang Seng Bank have initiated a trial of tokenized deposits in Hong Kong's e-HKD pilot program, focusing on real estate settlements and Visa card payments. Visa highlights that tokenized deposits enhance settlement efficiency and spur new business applications. HSBC’s Vincent Lau noted that maximizing these benefits requires developing interoperability among different banks.

Labour's Win in UK Elections Boosts Optimism in Crypto Industry

The UK general election resulted in a landslide victory for the Labour Party, ending 14 years of Conservative rule. This victory has sparked renewed optimism in the cryptocurrency industry, as the Labour Party aims to position the UK as a global leader in tokenization.

Hut 8 Broadens Mining Operations Through Power Agreement in West Texas

Hut 8 has expanded its operations by securing a purchase agreement for 205 megawatts of power and land in West Texas, boosting its total energy capacity to approximately 1.3 gigawatts. Located next to a wind farm and connected to the ERCOT grid, which serves about 90% of Texas's electric load, Hut 8 now accesses some of North America's lowest wholesale power prices.

US Senate Suggests Using Blockchain for National Security Assessments

The US Senate Committee on Armed Services has directed Secretary of Defense, Retired General Lloyd Austin, to explore blockchain technology for national security uses within the Department of Defense (DOD), focusing on supply chain management and other applications.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.