HSBC Hong Kong, the largest bank in the region, now permits customers to trade Bitcoin and Ether exchange-traded funds (ETFs) listed on the local stock exchange. HSBC’s New Cryptocurrency Services HSBC, the biggest bank in Hong Kong, now offers local cryptocurrency services. Customers can buy and sell Bitcoin and Ether-based ETFs listed on the Stock […]
In an unprecedented move, Ripple, the renowned blockchain-based payments firm, has triumphantly secured an in-principle regulatory approval from the Monetary Authority of Singapore (MAS). This landmark achievement paves the way for the firm to offer its cutting-edge digital asset payments and token products within the thriving city-state. Harnessing On-Demand Liquidity The pivotal approval bestows upon […]
As more and more countries are developing their own CBDCs, a need arises for a global platform to facilitate transactions between countries. A Global Platform The International Monetary Fund (IMF) is developing a platform for central bank digital currencies (CBDCs) to facilitate transactions between countries, according to IMF Managing Director Kristalina Georgieva. The goal is […]
The cryptoverse has recently been rocked by a seismic event: the Pepe Meme Coin (PEPE), a quirky player in the realm of meme tokens, has nosedived, losing a staggering 90% of its value. This precipitous decline was set in motion by a singular action from a cryptocurrency “whale” – an investor with deep pockets and […]
The community orbiting the meme-inspired cryptocurrency Shiba Inu ($SHIB) has been in a state of fervor. Recent data from the Ethereum blockchain has unveiled a colossal transaction, a seismic shift that has sent ripples through the $SHIB market. Over 4 trillion tokens, equivalent to more than $31 million, were unstaked and transferred to Binance, a […]
Nigeria decided to adopt crypto currencies in hopes that it will boost the country’s economy. Nigeria Adopts Digital Currencies Nigeria, despite previously cracking down on crypto trading, is now considering regulated measures to promote its adoption. This shift comes after the country’s central bank expressed concerns about fraud, terrorism financing, and volatility associated with virtual […]
Shiba Inu’s token-burning mechanism has seen a significant uptick after a few days of stagnation. The Shiba Inu community reportedly destroyed 50.18 million SHIB tokens in a span of 24 hours, indicating a surge in the SHIB burn rate of 8,627% compared to the previous day. The burning process was completed through two transfers, burning […]
China is pushing the digital yuan to become the number one currency in ASEAN trade. Guanxi as a Pioneer for ASEAN Trade Integration The autonomous region of Guanxi is playing a pivotal role in spearheading the adoption of the digital yuan in ASEAN trade. Guanxi’s strategic location and strong trade ties with ASEAN countries make […]
Cryptocurrency enthusiasts and investors are currently abuzz with anticipation, as Axie Infinity (AXS), an Ethereum-based token, has shown promising signs of growth recently. The week has seen AXS price surge by 10%, and the recent listing of Axie Infinity: Origins on the Apple AppStore has led to a tremendous influx of new users to the […]
The crypto industry is the place where the most unexpected things can happen. Some cryptocurrencies have sudden falls, others increase in price out of the blue, and some become more popular than anyone would have thought in no time. And even if it may not have done that exactly overnight, the Pepe crypto is a […]
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