Cryptocurrency News Today TheBitTimes.com

1. Hong Kong SFC: More Platform Licenses Will Be Approved This Month, and Custody and OTC Services Are Being Explored link Since the implementation of the Virtual Asset Trading Platform (VATP) licensing system by the Hong Kong Securities and Futures Commission (SFC) in June 2023, a total of 9 licenses have been issued, and there are currently 9 platforms awaiting approval. Leung Fung-yee, Chief Executive Officer of the SFC, said that more platforms will obtain licenses this month and plans to establish an official advisory group for all licensed VATPs in the short term to formulate a development roadmap for virtual assets. The SFC also plans to launch the second round of consultation on the regulation of over-the-counter (OTC) trading and custodial services for virtual assets, and is expected to formulate a more explicit regulatory framework for the OTC market and related services. 2. The Nantong Court in Jiangsu Province, China, Has Ruled that Virtual Currency Loan Contracts Are Inval...

Amid what has been a monumental few months for the company, Tesla (TSLA) stock is currently nearing an all-time high price, with $500 beginning to become more of a reality for the EV manufacturer. The question is, can the company reach the mark before the calendar turns to 2025? The Elon Musk-led firm has undoubtedly benefited from his connection with President-elect Donald Trump. Following his election win in early November, the company has been surging in value as it eyes its highest price in more than two years. With a record stock price more likely than not, all eyes are on what’s next. Source: NPR Also Read: Tesla (TSLA) Eyes Highest Price Level in 4 Years Tesla to $500? 2024 Looks to Surge Past All-Time Price Last week, Bank of America upped its price target for Tesla (TSLA) to $400. The move was a big one and spoke to the potential for the company to continue gaining value well into next year. Yet, the automobile developers’ performance has already outpaced those esti...