Poland City Launches a Stablecoin for Local Businesses
The city of Minsk Mazowiecki in Poland, which has a population of 37.5 thousand people, has launched its own stablecoin called MinsCoin.
Hong Kong Exploring Possibility of Issuing a Stablecoin Pegged to the Yuan
The Hong Kong Chamber of Commerce has suggested creating a stablecoin that would be backed by the Chinese yuan, which would benefit companies engaging with mainland China and other Asian nations.
Crypto Investors’ Average Profit in 2023 Exceeded $800
In 2023, the average gain for individuals who hold digital assets was $887.6, whereas the previous year saw an average loss of $7,102.
Nayib Bukele Will Develop the Crypto Market in El Salvador
Bukele announced the issuance of $1 billion in Bitcoin bonds, which will take place before the end of the first quarter of 2024.
MicroStrategy Purchases $37M in Bitcoin
According to MicroStrategy, it acquired an addition of 850 BTC in January, bringing its total holdings to 190,000 BTC.
Monero Falls 15% After Binance Says it is Delisting the Token
Effective February 20 at 3:00 UTC, Binance will delist Aragon (ANT), Multichain (MULTI), Vai (VAI), and Monero (XMR) from its list of tradable instruments.
Crypto Products’ Inflows in 2024 Reach $1.5 Billion
In its latest report, CoinShares indicated that from January 27 to February 2, investments in cryptocurrency products totaled $708 million, bringing the total for the year to $1.58 billion.
