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Hong Kong lawmaker Wu Jie has urged the government to consider adding Bitcoin to the city-state’s fiscal reserves. According to local reports, Wu highlighted Bitcoin’s potential as a strategic asset, pointing to its fixed supply and increasing acceptance in global finance. He argued that as significant economies begin to include Bitcoin in their reserves, its role as a hedge against inflation and a competitor to traditional assets like gold could grow. Bitcoin’s presence in mainstream financial systems has steadily expanded, with institutions and governments showing increased interest in its potential. Wu emphasized that this limited supply could make Bitcoin an appealing option for safeguarding wealth over time. This proposal also comes as interest in cryptocurrencies continues to rise, with many investors considering them as alternatives to traditional financial assets. As such, market participants are researching top cryptocurrencies to buy now. Top Cryptocurrenci...

Growing signals suggest that Bitcoin (BTC) could soon reach $70,000, supported by technical market data and prediction markets. Inflows into U.S. Bitcoin ETFs remain strong, with a significant $458.5 million recorded during Wednesday’s trading session. After a relatively quiet period since May, demand for Bitcoin is picking up again.  Last week, it saw a monthly growth of 177,000 BTC, which was followed by a 5% price increase. As this trend develops, Bitcoin’s price movement may influence the broader market, leading altcoins to see gains as well. Investors are increasingly focused on identifying the top cryptocurrencies to invest in now . This trend highlights potential opportunities in the market as attention shifts toward promising altcoins for investment. Top Cryptocurrencies to Invest in Now The Sui token has recently gained attention following several important updates in its ecosystem. Meanwhile, Crypto All Stars is drawing interest in its Initial Coin Offering...

The blockchain network Cronos Labs has announced the launch ing of its third accelerator program . The initiative will target new dapps in the crypto industry at an early development stage with an investment of $100 million. Our accelerator is now OPEN! Apply to our 3 month program focused on advancing #Web3 Dapps on #Cronos Accelerated support for early-stage projects on @cronos_chain 12 weeks of workshops & mentorship $100M-backed war chest https://t.co/0ywQfAPY8p pic.twitter.com/gU32ARsTYQ — Cronos (@cronos_chain) September 5, 2023 The accelerator program will last 12 months. During it, the participants will receive various trainings. The announcement of the third accelerator program took place while Korea Blockchain Week was starting. You might also like: Ubisoft to run a Cronos blockchain validator node Cronos is a decentralized blockchain network developed by Crypto.com. It is the first blockchain network that interoperates with the Ethereum (ETH) ...