Markets are exploding this week on the back of a sensational Chinese narrative.
On Monday, officials in Hong Kong revealed plans to greenlight retail investor participation in Bitcoin and Ethereum markets.
With other major crypto assets set to follow for trading on fully licenced virtual asset exchanges. The new system is anticipated to take effect from June. And comes as Chinese officials are reported to be backing Hong Kong's ambition to become a pacific crypto hub.
This remarkably laissez faire approach marks a huge change to the granite position Beijing has taken against crypto in the past.
And in conjunction with news of Chinese quantitive easing starting, the flurry of news has ignited markets. Catalysing price action, Bitcoin has rallied to touch resistance at $25,000.
Chinese blockchain stocks are also on the up. OKG Technology Holdings jumped 22% on Monday.
Even Justin Sun is getting in on the action, announcing plans to move to Hong Kong following the change in Beijing's stance.
With excitement around Chinese crypto at an all time high this morning. The Crypto News analysis team have selected these five altcoins to buy today - 21 February.
Move-2-Earn made waves last year with projects such as STEPN setting out to monetize simple activities such as walking. But interest collapsed as STEPN’s unsustainable economics became apparent.
Fight Out plans to change that and reignite interest in the Move-2-Earn space. To tackle this challenge, Fight Out is shaking up the world of the possible by delivering a complete monitoring system that can record any exercise from your time in the weight room to your hours down the Dojo.
With more than $4.3 million raised in a presale launched toward the end of Q4 2022. Fight Out hopes to
Read more on cryptonews.com