Hillstone Finance Weekly Update (Nov 28 ~ Dec 2)
Welcome to the weekly update from Hillstone Finance. We have brought one news for this week:
1. Hwang participated in the NBN news
NBN News (Nov 28, 2022)
Ra-yeol Hwang appeared on NBN and conducted a broadcast this week regarding the WEMADE incident. Currently, WEMADE is delisted from the Korean Exchange due to distribution problems, and WeMade expresses its dissatisfaction with this decision. WEMADE said, “UPBIT is abusing their power. I have fulfilled my calling,” and DAXA is continuously reporting in the media that they are saying, “We have to delist because they have not regained trust.” Ra-yeol Hwang said, “General investors need to disclose what the real problem is and on what grounds DAXA decided to delist, for a transparent market. It has to be clear which one is wrong.”
NBN News (Dec 2, 2022)
Ra-yeol Hwang appeared on NBN TV and talked about recent coin market trends. The coin market has been showing an upward trend recently, and Powell’s remarks on easing interest rates along with the easing of the FTX case have led to an upward trend. It is said that the alarm caused by the collapse of coins, which had recently ranked at the top, and the bankruptcy of the exchange is again changing the cryptocurrency market to be decentralized.
He also said that if we looked closely at the MICA, the regulation would not be strong, so there would be a repeat of the phenomenon of aiming for something outside the scope of the law. In Korea, there is also a lot of talk about taxation on coins, and since poor regulations make black money, the government should fully understand the characteristics of virtual assets and come up with effective regulations.
Recently, He visited the Philippines, which is a pro-cryptocurrency tendency, and confirmed positively that Bitcoin’s credibility has increased significantly due to the antipathy against the dollar in underdeveloped, developing, and emerging countries. He confirmed that cryptocurrency alone in the Philippines is enough to live, so he said the future of Bitcoin is bright.
That is all for this weekly update.
Thank you and have a nice day.
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