Shanghai Clearing House Becomes First Asian Counterparty Clearing Institution to Support Digital Yuan Settlements
The Shanghai Clearing House’s support for digital yuan settlements signifies a major step towards widespread adoption of the digital currency in cross-border transactions. Key Points In a groundbreaking move, the Shanghai Clearing House, the first counterparty clearing institution in Asia, unveiled its support for digital yuan settlements on Monday. This marks a significant milestone in the adoption of the …
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Nevada Financial Regulator Plans Strict Measures Against Crypto Custodian Prime Trust
Nevada’s financial watchdog steps up regulatory action against Prime Trust Key Points Nevada’s financial regulator has announced its determination to crack down on Prime Trust, a cryptocurrency custodian, in a bid to strengthen investor protection and regulatory compliance within the state. The move comes as the crypto industry faces growing scrutiny and tighter regulations worldwide. The Nevada Financial Institutions …
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IMF Urges Egyptian Authorities to Prioritize Support for Vulnerable
The IMF calls on Egyptian authorities to intensify efforts in supporting the vulnerable and closing the wealth gap within the nation. Key Points Egyptian authorities have been called upon by the International Monetary Fund (IMF) to intensify efforts in supporting the vulnerable population and to close the gap of wealth disparity within the nation. The IMF, recognizing the importance …
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HSBC Enables Customers to Trade Bitcoin and Ether ETFs via Mobile Apps
HSBC enables customers to trade Bitcoin and Ether ETFs through its mobile apps, signaling growing acceptance of cryptocurrencies by a major banking institution. Key Points HSBC, one of the world’s largest banking institutions, has announced that its customers can now trade Bitcoin and Ether exchange-traded funds (ETFs) listed on the Hong Kong stock exchange directly through the bank’s mobile …
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The SEC’s Next Target XRP and ETH? Keiser Dismisses Hinman Emails as Irrelevant
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Rudolph Harmon
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June 26, 2023
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Defi
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0 Comments
Keiser, a strong supporter of Bitcoin, has once again launched an offensive against XRP and confidently states that the Hinman emails hold no significance. Key Points Bitcoin enthusiast Max Keiser predicts that the U.S. SEC will pursue XRP and ETH as unregistered securities. This was revealed in a recent Twitter exchange between Keiser and CryptoLaw founder John E. Deaton. The …
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Arrests Made in Libya as Chinese Nationals Run Illegal Crypto Mining Facility
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Brandon Davis
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June 26, 2023
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News
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Chinese Nationals Arrested in Libya for Operating Cryptocurrency Mining Facility Dozens of Individuals Apprehended by Libyan Authorities Libyan authorities have arrested approximately 50 Chinese nationals after accusations surfaced that they were operating an illegal cryptocurrency mining facility. The incident sheds light on the ongoing battle against unauthorized cryptocurrency activities and highlights the global nature of the industry. The arrests took …
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Price analysis 6/23: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, MATIC, LTC, DOT
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Teresa Bach
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June 23, 2023
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Altcoin News
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Bitcoin price looks ready to turn $31,000 to support, and many altcoins are following with double-digit gains.
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ADB Pioneers Revolutionary Blockchain Solution for Cross-Border Bond Settlement
The ADB successfully tested blockchain for cross-border bond settlements, dividing transactions into PvP and DvP parts. Key Points The Asian Development Bank (ADB) has made a groundbreaking announcement regarding the use of blockchain technology in cross-border bond settlements. The project, known as Project Tridecagon, was an ambitious undertaking that aimed to expand the delivery versus payment (DvP) system to international …
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Bitgo Abandons Acquisition of Prime Trust Amidst Nevada-Based Custodian's Ongoing Uncertainty – Bitcoin News
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Rudolph Harmon
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June 22, 2023
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News
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Crypto Company Bitgo Makes Considerable Effort to Chart Course for Prime Trust’s Future A Promising Partnership In a recent collaboration, crypto company Bitgo has been making significant efforts to pave the way for the future of Prime Trust. Recognized as a leading provider of regulated custodial and financial infrastructure for the digital asset industry, Bitgo’s involvement is seen as a …
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Binance Continues its Global Expansion with a Regulated Crypto Exchange in Kazakhstan
Binance makes its way into Kazakhstan, as it launches a new regulated crypto exchange for the kazakhstan users. Key Highlights: Amidst mounting pressure on the world’s largest cryptocurrency exchange, Binance is forging ahead with plans to expand its operations into more welcoming jurisdictions. The latest addition to its roster of regulated crypto exchanges is Kazakhstan. On June 21, Binance made …
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