Hong Kong Considers Bitcoin for National Reserve Amid Cybersecurity Concerns
Today in crypto news, a Hong Kong lawmaker, Wu Jiexhuang, is advocating for the addition of Bitcoin to the region's national reserves to enhance financial security. He suggests that Hong Kong leverage its unique position under China’s ‘one country, two systems’ policy and explore the impact of U.S.-based spot Bitcoin exchange-traded funds (ETFs). Additionally, in the realm of cybersecurity, blockchain expert Taylor Monahan has sounded the alarm about a sophisticated fake job scam that entices victims to download malware, potentially giving hackers access to their cryptocurrencies. In corporate developments, MicroStrategy's Michael Saylor has indicated the company might make another Bitcoin purchase following a recent acquisition of 5,200 Bitcoin at an average price of approximately $106,000 each. The company is also seeking to raise its authorized share limits significantly to facilitate further investments in Bitcoin, leading to mixed reactions from investors.
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