Hong Kong to Start Testing Digital Currency in Coming Months – Finance Bitcoin News
China’s special administrative region of Hong Kong is going to trial а digital version of its dollar as early as...
Finance
China to Expand Digital Yuan Testing in Pilot Cities to Provincial Level – Finance Bitcoin News
China’s central bank intends to enlarge the area covered by trials of its digital yuan currency in four regions of...
Samsung Named Most Active Investor in Crypto and Blockchain Startups – Finance Bitcoin News
Between September 2021 and mid-June 2022, Samsung invested in 13 crypto/blockchain companies thus making the South Korean corporation the most...
HSBC’s CEO Explains Why Crypto Is Not in the Banking Giant’s Future – Finance Bitcoin News
Banking giant HSBC will not be offering crypto services, according to CEO Noel Quinn. Noting that HSBC is more negative...
Norway Releases Source Code for Digital Krone Sandbox, Utilizes Ethereum Technology – Finance Bitcoin News
A crypto company working with the central bank of Norway has published the source code for the sandbox created to...
Financial Giant State Street Sees Unwaning Crypto Demand From Institutional Investors – Finance Bitcoin News
Investment management firm State Street says that institutional clients are not deterred from investing in crypto assets despite price declines....
Central Bank of China Calls for Increasing Use of Digital Yuan – Finance Bitcoin News
The People’s Bank of China has urged for widening of the array of use-case scenarios for its central bank digital...
Blockchain Gaming Publisher and Web3 Firm Animoca Brands Secures $110 Million – Finance Bitcoin News
Blockchain gaming publisher Animoca Brands announced the company has raised $110 million in a funding round led by Temasek, Boyu...
ETC Group Says It Will List an Exchange-Traded Product Based on Anticipated ETH Hard Fork – Finance Bitcoin News
Digital asset-backed securities provider the Etc Group has said it will list an exchange-traded product (ETP) based on an anticipated...
Russia Explores Stablecoins for Settlements With Friendly Nations – Finance Bitcoin News
Russia is cooperating with friendly countries on the potential employment of stablecoins in international payments, a top government official unveiled....
Russian PM Says Digital Assets Are ‘Safe Alternative’ in Foreign Trade, Urges for Ruble Payments – Finance Bitcoin News
Russian Prime Minister Mikhail Mishustin has praised digital assets as a payment instrument that could strengthen Russia’s financial independence. The...
Market Strategist Expects Stock Market to Drop 50% From Here, Says There’s ‘Going to Be No Middle Class Left’ – Finance Bitcoin News
Following Jerome Powell’s hawkish commentary at the annual Jackson Hole Economic Symposium, major stock indexes, cryptocurrencies, and precious metals slid...
EUR Drops Below USD for the Second Time in 20 Years, Greenback’s Strength Leads to Largest Weekly Rise Since March 2020 – Finance Bitcoin News
The U.S. dollar has been very strong compared to a myriad of fiat currencies worldwide and this week, the euro...
Analyst Says if Silver Dips Below $18, Precious Metal Could ‘Get Absolutely Smoked’ — Morgan Report Founder Expects a Supply Crunch – Finance Bitcoin News
While gold’s been teetering along at just under $1,750 per ounce, the price of silver has dropped considerably, sliding 2.33%...
CME Group to Offer Market Participants Ethereum Options 3 Days Before the Merge – Finance Bitcoin News
Three days before Ethereum’s transition from proof-of-work (PoW) to proof-of-stake (PoS), the world’s largest derivatives marketplace in terms of volume,...
Coinbase Could Be a Material ‘Beneficiary’ of Ethereum’s Merge Transition, JPMorgan Analyst Says – Finance Bitcoin News
JPMorgan analyst Kenneth Worthington says digital currency exchanges like Coinbase will end up being a meaningful “beneficiary” of Ethereum’s long-awaited...
Bank of Russia Aims for Full Launch of Digital Ruble in 2024 – Finance Bitcoin News
The Central Bank of Russia plans to begin the comprehensive implementation of the digital ruble two years from now, according...
Philippines’ Unionbank to Support Cryptocurrency Exchange via Mobile App – Finance Bitcoin News
Union Bank of the Philippines, commonly known as Unionbank, has announced the upcoming launch of another crypto service for its...
Reserve Bank of Australia to Pilot Digital Currency, Explore Use Cases – Finance Bitcoin News
The monetary authority in Australia is beginning research into the potential economic benefits of issuing a central bank digital currency....
Nepal Prepares to Issue Digital Currency, Drafts Necessary Amendments – Finance Bitcoin News
A task force in Nepal has proposed legal changes allowing the country’s central bank to issue its own digital currency....
Report Shows Crypto Startups Raised $30.3 Billion in H1 2022, Exceeding Total Raised in 2021 – Finance Bitcoin News
While cryptocurrency markets have seen poor performances during the first two quarters of 2022, a recently published fundraising report authored...
Portuguese Banks Close Accounts of Crypto Exchanges, Media Reveals – Finance Bitcoin News
Major Portuguese banks have started closing or refusing to open accounts for cryptocurrency platforms such as exchanges, according to media...
