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Hong Kong has allowed retail crypto trading since June. Just 47% of retail crypto investors in Hong Kong are aware of the Virtual Asset Trading Platform Regulatory Regime, a legislation which went into effect this June to protect the interest of retail investors in digital assets in the region. That's according to an October 11 report by the The Investor and Financial Education Council (IFEC) of Hong Kong. In its survey, the IFEC noted that nearly 25% of Hong Kong adults ages 18 to 29 have invested in crypto within the past year, three times the demographic average and a significant increase over 2019, where just 3% of respondents in the said demographic reported investing in crypto .  Despite the improvement in adoption, most Hong Kong-ers said that their top investment preferences were stocks (96%), mutual funds and trusts (24%), followed by bonds (18%). Around three-quarters of overall respondents said the primary goal of investing in crypto was for "short-term pr...

Most individuals believe crypto is a good investment People are attracted to new technology Lack of trust in authorities turned people to crypto The crypto currency market’s popularity rose exponentially in the last decade or so. The difference is stunning if one looks at the market capitalization of the entire industry today and compares it with, say, ten years ago. So, knowing what drives people to invest in cryptocurrencies is interesting. Guess no more. A study by the Federal Reserve, called Federal Reserve’s 2022 Diary of Consumer Payment Choice, sheds light on this topic. So here are the main three reasons why investors hold crypto: Great potential investment People are interested in new technologies Some do not trust the US government or the US dollar Most individuals own crypto as an investment The overwhelming majority of individual investors own cryptocurrencies because they believe it is a good investment. More precisely, 67% ...

Orbital, ZTX, Stroom Network, unshETH and Fxhash highlight the latest funding deals from the world of crypto and blockchain. The sharp increase in global interest rates may have limited investors’ appetite for crypto ventures, but new projects are still flourishing and attracting capital to speed up growth. Data from the Cointelegraph Research Venture Capital Database shows June closed out with a 29.73% decrease in venture capital investments, with just $779.32 million secured in 62 deals, compared to June 2022. However, the overall trend for the year shows a rise in venture capital deals. Cointelegraph’s VC roundup highlights the latest projects striving in this complex and competitive environment. Orbital raises $6.4M to expand enterprise blockchain services Enterprise crypto platform Orbital raised $6.4 million (5 million euros) in a funding round led by venture firm Golden Record Ventures. Additional investors included New Form Capital, GSRV and Luminous Futures. The funding will...

In the constantly changing crypto landscape, InQubeta, an AI and blockchain startup, aims to reshape presale fundraising. Its platform and strategies have caught the interest of crypto investors searching for opportunities in the field. InQubeta is redefining the AI industry Startups can raise funds before their launch through presale events. Early investors can buy tokens at a lower price during these fundraisers, increasing their chances of earning profits when the project gains momentum. InQubeta has improved this idea to provide a better presale experience for investors. You might also like: AI is not ChatGPT, InQubeta brings all innovations under one roof What distinguishes InQubeta is its focus on AI and blockchain technology. By combining these two fields, the company has created a platform that leverages artificial intelligence to drive innovation and even provide investment opportunities. InQubeta’s presale events offer investors the chance to acquire tokens ...

Reporting cryptocurrency when filing taxes can help investors offset their losses. 2022 was tough for the crypto market. A recent report published by security services platform Immunefi found that the crypto industry lost a total of $3.9 billion in 2022.  Detrimental losses such as these are often concerning for crypto investors, yet there may be a silver lining behind decreasing assets for investors reporting crypto on their taxes. Lisa Greene-Lewis, a certified public accountant at TurboTax, told Cointelegraph that while crypto investors made huge gains in 2021, this changed drastically in 2022. “We have seen a crypto winter occur, and TurboTax wants to help investors cope with their losses,” she said. According to Greene-Lewis, tax-loss harvesting is the most important notion to keep in mind when it comes to saving money when filing taxes. She said: “With crypto, you can offset gains with losses. Any leftover losses can be offset up to $3,000 against ordinary income like wages. Los...