More foreign banks have joined China’s digital yuan central bank digital currency (e-CNY CBDC), bringing the total to four. Hong Kong-based HSBC, Hang Seng Bank, and Taiwanese bank Fubon Bank have integrated e-CNY into their platforms, allowing clients to transfer and withdraw the digital currency. Hang Seng Bank has even enabled personal banking customers to […]
Cryptocurrency mining firm Phoenix Group has experienced a high level of interest in its upcoming initial public offering (IPO) on the Abu Dhabi Securities Exchange. Due to the UAE National Day public holidays, the listing date has been rescheduled from December 4 to December 5, 2023. The IPO closed with a significant oversubscription, with retail […]
Binance founder Changpeng “CZ” Zhao is currently required to stay in the U.S. as a federal judge reviews a motion from the U.S. Department of Justice. This motion seeks to keep Zhao in the country until his sentencing early next year. Zhao recently pleaded guilty to violating the Bank Secrecy Act and subsequently stepped down […]
International banking giants HSBC and Hang Seng Bank have joined China’s digital Yuan pilot, marking a significant moment for foreign banks in the digital currency space. This move comes shortly after HSBC launched digital asset custody services. HSBC China customers can now access personal digital Yuan wallet services using their debit cards. They can seamlessly […]
International banking giants HSBC and Hang Seng Bank have joined China’s digital Yuan pilot, marking a significant moment for foreign banks in the digital currency space. This move comes shortly after HSBC launched digital asset custody services. HSBC China customers can now access personal digital Yuan wallet services using their debit cards. They can seamlessly […]
Executives from JPMorgan Chase and Apollo have announced plans for a tokenized ‘enterprise mainnet’ as part of the Monetary Authority of Singapore’s Project Guardian pilot project. This collaboration aims to test the use of digital assets for investment and management of portfolios, automated portfolio rebalancing, and customization at scale. The new system has already processed […]
Leading stablecoin issuer Circle Internet Financial has announced a strategic partnership with SBI Holdings, a major XRP holder, to enhance Web3 development and adoption in Japan. The partnership aims to prepare for the mainstream adoption of Web3 and blockchain technology in Japan. SBI Holdings will assist Circle in circulating the USDC stablecoin in the country […]
Mercedes-Benz Formula One team and Major League Baseball are facing class-action lawsuits filed by FTX users, accusing them of aiding and abetting FTX’s alleged fraud and promoting unregistered securities. The lawsuits claim that the promotional deals between FTX and these organizations, which included displaying FTX’s logo on cars, uniforms, and umpire uniforms, created a sense […]
Standard Chartered Bank, an international bank with deep roots in the Chinese market, has announced its participation in China’s digital yuan project. The bank will offer services such as digital yuan exchange and redemption to its customers. It will also access the digital currency’s interconnection platform through City Bank Clearing Services Co., Ltd. Standard Chartered […]
Global financial firm Circle has announced a strategic partnership with Japanese financial services company SBI Holdings, Inc. The partnership aims to promote the adoption of Circle’s USDC stablecoin and web3 services in Japan. Both parties have signed a Memorandum of Understanding (MOU) to work towards the circulation of USDC and expand the use of stablecoins […]
