{
Ken Sim

People

}
coinbase faces billion dollar lawsuit while kraken australia fined for breaches
Coinbase faces a $1 billion lawsuit from BiT Global Digital, accusing it of market manipulation by delisting Wrapped Bitcoin to favor its own product, Coinbase Wrapped Bitcoin. Meanwhile, Kraken Australia has been fined $5.1 million for regulatory breaches, including operating without a license. In Vancouver, the city council has approved a motion to explore Bitcoin integration into its financial operations, aiming to become a "Bitcoin-friendly city."
Cointelegraph
Australian Dollar Coinbase Global, Inc. Kraken Energy Corp. USA Paul Grewal Ken Sim Ana Reyes Show more
Regulatory & Legal, News Article
20:00 16.12.2024
Vancouver aims to embrace Bitcoin as a financial strategy for growth
Vancouver is positioning itself as a Bitcoin-friendly city, with Mayor Ken Sim advocating for the city to hold Bitcoin as a reserve asset and accept it for payments. Meanwhile, Ethereum is experiencing significant demand, nearing $4K, despite a rising total supply. Additionally, Rollblock ($RBLK) is gaining traction in the GameFi sector, with a unique deflationary model and predictions of a 50x price increase as it approaches the end of its presale phase.
Bitcoinist.com
CAN Ken Sim
Finance & Economy, Press Release
19:04 15.12.2024
Vancouver City Council Approves Motion to Explore Bitcoin Integration in Finances
Vancouver City Council has approved a motion to explore the integration of Bitcoin into its financial operations, aiming to assess its potential as a hedge against inflation and currency debasement. Mayor Ken Sim emphasized the initiative's exploratory nature, highlighting Bitcoin's decentralized attributes and historical performance. The motion directs staff to investigate accepting BTC for city taxes and fees, and the feasibility of incorporating it into the city’s financial reserves, with a report due by the end of Q1 2025.
Bitcoinist.com
United States Dollar Tesla, Inc. Apple Inc. CAN CHE KOR USA SLV Ken Sim Show more
Finance & Economy, News Article
01:00 13.12.2024
Vancouver council supports exploring Bitcoin for municipal financial strategy
Vancouver's city council has voted to explore the integration of Bitcoin into municipal finances, aiming to address inflation and currency devaluation. Mayor Ken Sim, an investor in cryptocurrency, believes Bitcoin could stabilize the city's finances amid a housing market that has surged 381% since 1995. However, legal restrictions currently prevent municipalities from holding cryptocurrencies or using them for transactions, posing significant challenges ahead.
CryptoPotato
Coinbase Global, Inc. CAN Pete Fry Ken Sim
Finance & Economy, News Article
23:26 12.12.2024
Vancouver embraces Bitcoin while Microsoft shareholders reject similar investment proposal
Vancouver's city council has approved a proposal to explore making the city Bitcoin-friendly, including converting part of its financial reserves into Bitcoin and accepting it as payment. In contrast, Microsoft shareholders recently rejected a similar proposal to invest in Bitcoin, despite advocacy from Microstrategy's Michael Saylor. This divergence highlights the growing interest in Bitcoin among governments and corporations, as many consider it a hedge against inflation and a strategic asset.
Fortune Crypto
Microsoft Corporation Tesla, Inc. Coinbase Global, Inc. MicroStrategy Incorporated BRA RUS USA CAN Donald Trump Ken Sim Michael J. Saylor Show more
Finance & Economy, News Article
19:55 12.12.2024
Bitcoin still has significant growth potential according to cycle analysis
Bitcoin's current cycle is far from its peak, according to analyst Lark Davis, who highlights indicators like RSI, NUPL, and MVRV-Z to support this view. With the RSI at 76 and in the "Believe-Denial" phase, there is significant room for growth, potentially reaching between $200,000 and $250,000. As of now, Bitcoin is trading at approximately $100,485.71, reflecting a 2.08% increase in the last 24 hours, indicating rising investor confidence.
Crypto News Flash
Apple Inc. Lark Davis Ken Sim
Finance & Economy, Market Report
14:00 12.12.2024
Vancouver City Council Approves Motion for Bitcoin Integration in Finances
Vancouver City Council has approved Mayor Ken Sim's motion to explore Bitcoin integration in the city's financial operations, including a potential Bitcoin strategic reserve. While six councilors supported the motion, concerns were raised about environmental impacts and the risk of money laundering. Sim emphasized Bitcoin's potential as an inflation hedge, promising a $10,000 donation in Bitcoin to the city.
Crypto News Flash
Bitcoin USD CAN Victoria Lemieux-brown Pete Fry Adriane Carr Ken Sim Show more
Finance & Economy, News Article
10:33 12.12.2024
Vancouver City Council votes to explore Bitcoin integration in financial operations
Vancouver City Council has approved a motion to explore becoming a "Bitcoin-friendly city," aiming to integrate Bitcoin into its financial operations, including a potential reserve and payment options. Mayor Ken Sim highlighted the need to address inflation and affordability challenges, while some councilors raised concerns about illicit activities and the environmental impact of Bitcoin mining. A report on the feasibility and risks of this strategy is expected by the end of Q1 2025.
Cointelegraph
Bitcoin USD CAN Pete Fry Adriane Carr Ken Sim Show more
Finance & Economy, News Article
07:15 12.12.2024
Vancouver Mayor proposes Bitcoin integration for municipal financial stability
Vancouver Mayor Ken Sim has proposed exploring Bitcoin integration into the city's financial strategy to enhance purchasing power and diversify reserves amid inflation. The motion, set for council debate on December 11, calls for a detailed report on the feasibility of becoming a "Bitcoin-friendly city," including potential acceptance of crypto for municipal taxes and fees. Current provincial legislation may limit the city's ability to hold crypto, necessitating an assessment of risks and benefits by early 2025.
CoinCodeCap
United States Dollar Euro JPMorgan Chase & Co. Wells Fargo & Company CAN Ken Sim
Finance & Economy, News Article
17:52 10.12.2024
Russian lawmaker proposes strategic Bitcoin reserve amid financial challenges
Anton Tkachev, a Russian lawmaker, has proposed the establishment of a strategic Bitcoin reserve, urging the Finance Minister to evaluate its feasibility. He argues that Bitcoin could serve as a stable alternative to traditional currencies, which are vulnerable to sanctions and inflation, and highlights its growing importance in global trade.This initiative follows President Putin's endorsement of Bitcoin as an "unstoppable technology" and a potential global reserve asset, particularly in light of the financial challenges posed by Western sanctions. The proposal reflects a broader trend among nations exploring cryptocurrencies as viable reserve options.
CryptoPotato
Russian Ruble United States Dollar USA POL VEN RUS Donald Trump Anton Siluanov María Corina Machado Sławomir Mentzen Anton Tkachev Ken Sim Vladimir Putin Show more
Finance & Economy, News Article
12:56 10.12.2024
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