The post Vancouver Moves Towards Bitcoin Integration in Finance appeared first on Coinpedia Fintech News Vancouver’s city council has approved a motion to explore Bitcoin integration into its financial strategies. Proposed by Mayor Ken Sim, the initiative includes accepting taxes and fees in Bitcoin and allocating a portion of the city’s financial reserves into the cryptocurrency. The motion highlights Bitcoin’s potential to protect purchasing power from inflation and currency volatility. Mayor Sim described Bitcoin as “the greatest invention in human history.” City staff will assess the feasibility and risks of this move and report back by Q1 2025. The decision comes amidst growing optimism in the crypto market following pro-crypto candidate Donald Trump’s reelection as U.S. President, boosting hopes for favorable regulations.
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Solana Memecoin Crypto King Musk (MUSKKING) to Rally 13,000% Ahead of First Exchange Listing, As BONK and DOGE Fall
Crypto King Musk could turn early investors into multi-millionaires, like other memecoins, such as Shiba Inu (SHIB) and Dogecoin (DOGE), did. Crypto King Musk (MUSKKING), a Solana memecoin launched today, is set to explode over 13,000% in price in the coming days. This is because MUSKKING is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and cause its price to rally, which will benefit investors who buy before these new exchange listings. Currently, Crypto King Musk can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days. Early investors in SHIB and DOGE made astronomical returns, and Crypto King Musk could become the next viral memecoin. Crypto King Musk launched with over $7,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains. How to Buy To buy Crypto King Musk on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask, or Phantom wallet and swap Solana for Crypto King Musk by entering its contract address – v2jWiNpR1m8gHARdM39GosZ8muaxZpowpBgWgWTSCev – in the receiving field. If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin) from an exchange like Coinbase, Binance, and many others. Early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price. If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner. The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE), and DogWifHat (WIF), trading sideways in recent weeks and losing momentum. This is why many SHIB, DOGE, and WIF investors are instead investing in new Solana memecoins, like MUSKKING. Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price. coinpedia
HTX’s Flexible Crypto Loans Goes Viral and May Spark a New Lending Trend in the Bull Market
Recently, with the sharp fluctuations in BTC and various altcoins, the crypto market’s bull run has accelerated. In a bull market, common strategies include holding long-term potential cryptos or taking advantage of high volatility for short-term trading profits. This often leads to a surge in DeFi activities, increased liquidity staking, and a more active lending market. Crypto users aim to maximize their funds and profits. Against this backdrop, HTX’s newly launched Flexible Crypto Loans has gained popularity and is poised to spark a lending trend in the bull market. Crypto Loans: A Powerful Tool to Unlock Asset Liquidity HTX’s Crypto Loans is a flexible financial loan product that lets users pledge digital assets to borrow other cryptos such as USDT, BTC, and ETH, for various funding needs. For example, a user anticipating a token’s price can pledge BTC to borrow USDT for investment without selling their holdings. If the token’s price rises as expected, they can sell, and repay the loan and their BTC. HTX launched its highly-anticipated Flexible Crypto Loans, adding to its suite of fixed-term products. This new offering allows fee-free, flexible borrowing and repayment, making it an ideal tool for efficient fund utilization. Impressive Data: Growth in Both Scale and User Base With ultra-low interest rates, flexible terms, and a great user experience, HTX’s Flexible Crypto Loans has seen significant growth in both user base and lending volume. In less than 10 days, the lending volume exceeded 30 million USDT. Compared to before the launch, HTX’s overall lending volume has quintupled, and the number of borrowers has tripled. This achievement demonstrates users’ trust in HTX’s products and indicates growing market acceptance of the Crypto Loans model. Prize Pool Doubles and Ultra-Low Interest Rates Continue for an Upgraded User Experience HTX has launched the second phase of the “Borrow & Earn” event. From December 12 02:00 (UTC) to December 18 15:59 (UTC), users who borrow USDT via Flexible Crypto Loans can share a 5.4 billion $HTX prize pool. The first phase offered a 2.7billion $HTX prize pool, and this phase doubles that. HTX’s Flexible Crypto Loans remains committed to low interest rates, helping users to maximize returns with affordable borrowing. This highlights the popularity of Crypto Loans and HTX’s commitment to offering Flexible Crypto Loans. HTX plans to introduce more promotions and innovative features to enhance user experience. If the lending volume for Flexible Crypto Loans reaches 50 million USDT by the end of the second phase, the next phase’s prize pool will double to 10.8 billion $HTX. About HTX Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses. As a world-leading gateway to Web3, we harbor global capabilities that enable us to provide users with safe and reliable services. Our growth strategy – “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance”, underpins our commitment to providing quality services and values to virtual asset enthusiasts worldwide. Contact Details Ruder Finn Asia htx@ruderfinn.com Company Website https://www.htx.com The post HTX’s Flexible Crypto Loans Goes Viral and May Spark a New Lending Trend in the Bull Market first appeared on HTX Square . coinpedia