In a significant development for the financial technology landscape, Standard Chartered Bank Hong Kong (SCBHK), Animoca Brands, and Hong Kong Telecommunications (HKT) have forged a joint venture aimed at launching a Hong Kong dollar-backed stablecoin. This initiative is not merely a reaction to the surging popularity of cryptocurrencies but a well-calculated move to squarely position
Crypto
The recent case of Ho Kai Xin serves as a stark illustration of how greed can corrupt even the most mundane of jobs. Employed initially as a payroll processor at WeChain Fintech Singapore, which managed payroll for Bybit Fintech, Ho exploited her position of trust to orchestrate a scheme of embezzlement that resulted in the
In a groundbreaking move for the African financial landscape, Altvest Capital Limited has emerged as the continent’s inaugural publicly traded entity to incorporate Bitcoin (BTC) as a strategic treasury asset. This decision marks a significant shift in how corporations view and utilize cryptocurrency within traditional finance frameworks. By integrating Bitcoin into its treasury management strategy,
The cryptocurrency world recently experienced a seismic shock with what is being hailed as one of the largest hacks in its history. This high-stakes breach targeted Bybit, a prominent digital asset exchange, which reported a devious infiltration resulting in the theft of an astonishing $1.4 billion worth of Ether (ETH) from its hot wallets. In
In recent months, the cryptocurrency landscape has witnessed an interesting surge of applications for spot XRP exchange-traded funds (ETFs) in the United States. Prominent firms such as Grayscale, Bitwise, and 21Shares are at the forefront of this movement, demonstrating their ambition to usher in this innovative investment vehicle. The U.S. Securities and Exchange Commission (SEC)
In the fiercely competitive realm of cryptocurrency exchanges, few decisions can have as much impact as the choice to list or not list a digital asset. Recently, Ben Zhou, the CEO of Bybit, has taken a firm stance against Pi Network, denouncing it as a fraudulent venture and declaring that his exchange will not list
Metaplanet, a rapidly evolving Japanese investment firm, has made headlines by amassing an impressive total of 2,100 BTC, currently valued at approximately $196 million. This major pivot towards Bitcoin has been characterized by aggressive buying patterns and a clear ambition to expand its cryptocurrency reserves. The company most recently acquired an additional 68.59 BTC for
Brazil has recently made headlines by becoming the first nation to grant approval for a spot XRP exchange-traded fund (ETF), a significant development in the realm of cryptocurrency investments. Managed by Hashdex, this groundbreaking fund is expected to establish itself on the B3 stock exchange, under the guidance of Genial Investimentos. This move not only
In the ever-evolving landscape of cryptocurrencies, two assets have captured the attention of investors: Dogecoin (DOGE) and XRP. Renowned crypto analyst Ali Martinez has recently analyzed these assets, positing that both could experience significant price surges of around 25% if certain technical patterns materialize. Let’s delve deeper into what this means for DOGE and XRP,
Bitcoin has entered a phase of apparent equilibrium, characterized by an almost stagnant price action that lacks clarity in its direction. In recent weeks, the cryptocurrency has witnessed minimal fluctuations, reflecting the hesitance of both buyers and sellers in making substantial moves. This state of indecision is underscored by a significant drop in trading volume
