Browsing:Market

HashKey Group's investment arm has been granted a license to operate in Singapore by the city-financial state's regulator.
4 weeks ago 1 min read

Singapore regulator grants HashKey Capital a license

HashKey Capital was granted a license to provide services in Singapore by Singapore’s financial regulator. HashKey Group’s investment arm has been granted a license to operate in Singapore by the city-financial state’s regulator. The firm announced today that the Monetary Authority of Singapore has granted it a Capital Markets Service license. HashKey Capital Singapore will provide fund management services in Singapore. In a statement, Deng Chao, CEO of HashKey Capital Singapore, said, “Once the CMS license is granted, HashKey Capital will be able to offer its services to institutional and accredited investors.” HashKey Group’s venture arm was established in 2018

Goldman Sachs warming up DeFi space
4 weeks ago 1 min read

Goldman Sachs partners with MSCI and Coin Metrics to launch a framework for digital assets

Multinational investment bank Goldman Sachs is collaborating with MSCI and Coin Metrics to launch a framework for digital assets. Datonomy, a new data feed that will allow investors to monitor trends in the crypto and DeFi markets, is being developed by Goldman Sachs, MCSI, and Coin Metrics. According to a press release, Goldman Sachs is collaborating with other companies to develop a framework for digital assets. The framework demonstrates that Goldman Sachs is particularly interested in DeFi, though it also pays attention to other trends. The bank is working with MSCI as well as Coin Metrics on the framework called

Mastercard announced on November 3 that it has chosen seven more industry startups for its Start Path program to promote the adoption of crypto and blockchain technology.
4 weeks ago 1 min read

Mastercard supports seven more blockchain startups for its crypto accelerator program

As part of its fintech accelerator, the Mastercard Start Path program, global payments giant Mastercard continues to support cryptocurrency and blockchain startups. Mastercard announced on November 3 that it has chosen seven more industry startups for its Start Path program to promote the adoption of crypto and blockchain technology. Fasset, Singapore’s crypto payments platform Digital Treasures Center, and Colombian stablecoin-focused firm Stable are among the new startups in the new cohort. Mastercard previously collaborated with Fasset in July to develop digital solutions to promote financial inclusion in Indonesia. The latest Mastercard Start Path program also includes Loot Bolt, a Web3-focused

CZ of Binance consider to buy a bank
1 month ago 1 min read

Binance is considering buying a bank to the gap between traditional financial sector and the crypto sector

Changpeng Zhao (CZ), the CEO of Binance, has stated that his team is considering using acquisitions to bridge the gap between the traditional financial sector and the cryptocurrency industry. This opinion was expressed by CZ on Wednesday during a speech at a Web Summit in Lisbon, Portugal. CZ noted that his exchange had previously noticed that whenever banks collaborate with Binance, more users flock to them, increasing their valuation. To “capture some of the equity upsides,” he thinks it would be wise to invest in those financial institutions. Portuguese city of Lisbon, one of the friendlier locations for cryptocurrency investors

Union Bank of the Philippines accepts BTC and ETH
1 month ago 1 min read

Union Bank of the Philippines launches a pilot program for BTC and ETH custody and trading services

The Union Bank of the Philippines (UnionBank) has launched a pilot program for Bitcoin (BTC) and Ether (ETH) custody and trading services for select retail customers, according to a joint announcement on November 2. UnionBank has launched a new investment and trading feature in collaboration with Swiss crypto technology firm Metaco, with the feature going live on Metaco’s digital asset platform Harmonize. Furthermore, UnionBank first collaborated with Metaco in January 2022 to develop cryptocurrency trading services. UnionBank, which is licensed and supervised by the Philippines’ central bank, Bangko Sentral ng Pilipinas (BSP), has been actively exploring the cryptocurrency industry in

founder of Cardano supports Elon Musk
1 month ago 1 min read

Cardano founder responds to Musk charging $8 For Twitter Blue Tick

Elon Musk, Twitter’s new CEO, said he intends to change the blue checkmark criteria system and making it available to the masses on a subscription basis for only $8 per month. Cardano founder Charles Hoskinson quickly responded to Musk’s tweet, agreeing with his decision. Furthermore, Hoskinson believes the move will help Musk generate over $500,000 in annual revenue. Furthermore, doing so will eliminate much of the confusion surrounding the verification criteria, etc. The IOHK founder also stated that a Digital IDentity (DID) for verified tweets would be required. On the contrary, Ethereum founder Vitalik Buterin believes that Musk’s proposal to

Huobi crypto exchange to relocate to the Caribbean
1 month ago 1 min read

Huobi Global intends to relocate to the Caribbean

Crypto exchange, Huobi, which recently had to deny rumors of massive layoffs within the company, announced plans to relocate its headquarters to one of the Caribbean jurisdictions, with Dominica being the first candidate. Financial Times revealed the company’s intention “to go all in in the Caribbean” in a report, citing one of the board members. The region’s “super-friendly” crypto stance, common law systems, and English language adoption are the reasons for this. Huobi representatives also met with Dominica’s Prime Minister Roosevelt Skerrit last year, and the company plans to work with the government to improve the country’s crypto infrastructure. Huobi’s

CZ Binance CEO
1 month ago 1 min read

Binance CEO claims that Binance wants to assist Elon Musk in bringing Twitter into Web3

Billionaire Changpeng Zhao claims that Binance wants to assist Elon Musk in bringing Twitter into Web3. The CEO of the world’s largest cryptocurrency exchange by trading volume says he wants to help Twitter transition into the next phase of the internet. Binance CEO CZ says his company’s $500 million investment in Elon Musk’s Twitter takeover was in the interest of free speech in a new interview with CNBC’s Squawk Box. During an interview, CZ noted,  “There are more tactical things, we want to bring Twitter into Web3 when they’re ready. We want to help solve those immediate problems like, as

Central Bank of India rolls out digital rupee
1 month ago 1 min read

India launches the first digital rupee pilot program

The e-rupee will be available in two denominations: wholesale for interbank settlements and retail for the general public. India’s central bank launched a pilot program for its proposed digital rupee, enlisting nine private and state-owned banks to conduct interbank transactions with this form of currency. The digital rupee has the same value and legitimacy as a banknote or a coin, but it does not have a physical form, making transfers and settlements easier and more efficient. The new pilot, the first of many, will put the digital rupee to the test in what the Reserve Bank of India (RBI) refers

The China Central Bank
1 month ago 1 min read

The China Central Bank to team up with the Hong Kong Monetary Authority on Digital Yuan

The People’s Bank of China’s Governor, Yi Gang, stated that the bank would collaborate with the Hong Kong Monetary Authority on the digital yuan. He also emphasizes the importance of privacy in design and development. The People’s Bank of China is collaborating with the monetary authority of Hong Kong to launch the digital yuan. The central bank’s Governor, Yi Gang, announced the initiative during a speech at the Hong Kong FinTech Week 2022. Several Chinese provinces are now using the central bank’s digital currency (CBDC). Yi stated that CBDCs have gained popularity in recent years and that the technology has

Hong Kong ETF crypto
1 month ago 1 min read

Hong Kong’s regulator plans to launch a mainstream crypto ETF

Ming Pao reported on October 31 that Hong Kong is the latest region to announce plans to launch a cryptocurrency exchange-traded fund (ETF) targeting mainstream cryptocurrencies such as Bitcoin (BTC). According to Leung Fung Yee, CEO of the Hong Kong Securities and Futures Commission (SFC), the agency has been actively working on establishing a mechanism to authorize the ETF. In addition, the official stated that the mechanism is primarily concerned with enacting the necessary legislation to govern the ETF. Although the crypto sector has challenges such as high volatility, Yee stated that the decision to investigate an ETF came after

White House
1 month ago 1 min read

The White House is hosting officials from 40 countries to develop a unified response to ransomware attacks

This week, the White House will host an international meeting in Washington to address the growing number of ransomware attacks around the world. The meeting will address other cybercrimes, as well as cryptocurrencies that facilitate them, in addition to ransomware attacks. The meeting’s goal is to establish a global standard for addressing these concerns, according to the White House. The agenda includes developing methods to defend against or disrupt these attacks, as well as “holding malicious actors accountable.” This last point is critical because ransomware perpetrators are frequently harbored by states that are hostile to the global order. This meeting