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Payment Giant Ant CEO Eric Jing: Tokenization is Key to Financial Transformation
(Crypto News)-30/10/2024Ant Group CEO Eric Jing Xiandong said that tokenization has the potential to power real-time cross-border payments.Tokenization and AI were the two main themes of the Hong Kong FinTech Week.Speaking to the attendees on Monday, in a panel discussion with Howard Lee, deputy chief executive of the Hong Kong Monetary Authority (HKMA), Jing noted that this […]
Paxos Letter to Harris and Trump Highlights Urgent Need for Stablecoin Regulation
(Crypto News)-30/10/2024In an open letter addressed to Vice President Kamala Harris and former President Donald Trump on Tuesday, Paxos CEO Charles Cascarilla called for decisive U.S. action on digital asset regulation.He emphasized that establishing a clear framework for stablecoins and blockchain technology is critical to maintaining the nation’s financial leadership amid growing international competition.Cascarilla’s letter underscored […]
Canadians Reluctant to Adopt Digital Dollar: Bank of Canada Reports
(Crypto News)-30/10/2024A recent Bank of Canada report, published on Monday, highlights Canadians’ cautious response to a potential digital dollar, with many still preferring traditional payment methods like cash and cards for daily transactions.Conducted in July, the Bank of Canada survey found that while 42% of Canadians have a positive impression of the digital dollar concept, […]
Donald Trump silent on World Liberty Financial, team unveils WLFI token
(Coin Telegraph)-18/09/2024Donald Trump didn’t end up talking about World Liberty Financial — his family’s new crypto platform — during a so-called launch event on X, but the team eventually shared information about the project’s token.The former United States president was interviewed by crypto influencer Farokh Sarmad in a Sept. 16 X Space, his first public […]
50 days until US election, crypto Super PAC pours $7.8M into Senate races
(Coin Telegraph)-18/09/2024The Protect Progress political action committee (PAC) has spent roughly $7.8 million to support Democratic candidates for the United States Senate races in Arizona and Michigan.According to a Sept. 14 filing with the Federal Election Commission, the Super PAC spent roughly $4.1 million on a media buy for Arizona Representative Ruben Gallego, who is running to […]
Blockchain could help UK’s $14.5T payments sector, says trade group
(Coin Telegraph)-18/09/2024A blockchain-based ledger for payments and settlements could eventually help the United Kingdom’s finance industry, which processes $14.5 trillion worth of payments a year, says the country’s finance trade body.The Sept. 17 comments from UK Finance came after the end of what it said was a successful experimental phase of the Regulated Liability Network […]
Hong Kong prepares AI guidelines for finance sector
(Coin Telegraph)-18/09/2024The Hong Kong government will reportedly issue policies for the finance sector around the use of artificial intelligence by the end of October. By introducing new policies, Hong Kong authorities aim to increase the use of AI in Hong Kong’s traditional trading, investment banking and cryptocurrency markets. Hong Kong’s Financial Services and the Treasury Bureau (FSTB), […]
CBDC Exploration Underway in 134 Countries, Covering 98% of Global Economy
(Crypto News)-18/09/2024The Atlantic Council’s latest report shows that 134 countries, representing 98% of the global economy, are now exploring central bank digital currencies (CBDCs), up from 35 in 2020.Additionally, 66 nations have advanced their efforts. Meanwhile, the Bahamas, Jamaica, and Nigeria have already launched CBDCs and are expanding the reach of their retail versions within their countries.Moreover, […]
77% of Polymarket Traders Expect 25 Basis Point Cut in Federal Reserve’s FOMC Meeting
(Crypto News)-04/09/2024The majority of traders on Polymarket are betting on a reduction in the federal funds rate as the Federal Open Market Committee (FOMC) meeting, scheduled for September 17-18, approaches.Data from the decentralized betting platform shows that 77% of traders expect a 25 basis point cut, reflecting a strong consensus on this outcome.The bet, which […]
Binance to Shift South African Derivatives Operations to Bahrain
(Crypto News)-04/09/2024Binance, one of the world’s leading cryptocurrency exchanges, announced today that it will transfer its South African derivatives operations to its Bahrain subsidiary, Binance Bahrain B.S.C. (c).This unexpected move by Binance aligns with the regulatory frameworks of South Africa and Bahrain, ensuring continued compliance and service provision in both countries.South African users who wish to continue […]
Trump’s platform favors crypto, but what about his inflationary policies?
(Coin Telegraph)-04/09/2024While many United States crypto advocates have thrown in their lot with former President Donald Trump in the upcoming presidential elections, some of his policies run counter to the deflationary and decentralized principles on which the industry was founded.Trump has secured strong support within the crypto community since making several clear statements that he would support […]
Crypto Leaders Plan to Raise $100,000 for Kamala Harris to Influence Crypto Policy
(Coin Telegraph)-04/09/2024A group of crypto industry leaders is organizing a fundraiser to support U.S. Vice President Kamala Harris, aiming to influence her stance on cryptocurrency should she win the presidential election in November.The fundraiser, scheduled for September 13 in Washington, D.C., seeks to raise $100,000, with ticket prices ranging from $500 to $5,000, according to […]
Crypto platform resumes UK registrations after 10-month FCA compliance pause
(Coin Telegraph)-04/09/2024Nexo is resuming new user registrations in the United Kingdom after a 10-month pause in the onboarding process.The crypto lending platform implemented multiple key updates in response to the regulatory guidelines set by the UK’s Financial Conduct Authority (FCA), according to an announcement shared with Cointelegraph.Nexo’s new onboarding flow is more aligned with the […]
Bitcoin strength wanes as crypto market stuck in 5 month ‘structurally ordered downtrend’
(Coin Telegraph)-28/08/2024Bitcoin rallied to $65,000 over the weekend (Aug. 24 to Aug. 25), extending the three-week recovery from the Aug. 5 crash to $49,500. With prices returning to many investors’ comfort zones, traders are probably wondering whether to expect more of the same range trading, consolidation or a range expansion to new highs. Let’s look at a few […]
Nasdaq wants to launch a Bitcoin index options, seeks SEC approval
(Coin Telegraph)-28/08/2024American stock exchange market Nasdaq is reportedly seeking the approval of United States regulators to launch options on a Bitcoin index. On Aug. 27, the exchange operator announced that it wants to have index options on a Bitcoin index to give institutions and traders a different way to hedge their exposure to Bitcoin. Bitwise chief investment officer Matt […]
Binance under scrutiny for seizing Palestinian crypto funds
(Coin Telegraph)-28/08/2024Major global cryptocurrency exchange Binance seized cryptocurrency from Palestinians as per request from Israel, according to sources from a prominent industry executive.Ray Youssef, co-founder of the peer-to-peer (P2P) crypto platform Paxful and CEO at Noones P2P platform, took to X on Aug. 26 to report that Binance confiscated funds from Palestinians upon the Israel Defense Forces […]