Hong Kong crypto adoption is taking another leap forward at ZA Bank, where executives are in talks to start providing direct banking services to several stablecoin issuers. As reported by BNN Bloomberg, Alternate Chief Executive Devon Sin said the virtual lending firm would provide fiat reserve accounts to such firms once they’re officially approved access...
Presidential candidate Robert F. Kennedy Jr. is committed to transforming the US budget system by adopting blockchain technology. He revealed his plans during a campaign rally in Michigan on April 21, where he explained that the shift would enable Americans to access “every budget item anytime they want, 24 hours a day.” During his campaign,...
The Bitcoin (BTC) spot trading volume on centralized exchanges (CEXes) has reached the highest level of activity since the collapse of FTX. According to data provided by Kaiko, Bitcoin spot trading volume across all major CEXes hit an impressive $34.05 billion on February 28. Leading the charge, Binance accounted for $17.09 billion, solidifying its position as the dominant...
The U.S. dollar advanced against its most major counterparts in the New York session on Thursday, as lower-than-expected jobless claims helped ease concerns about a potential recession. Data from the Labor Department showed that initial jobless claims fell to 233,000, a decrease of 17,000 from the previous weeks revised level of to 250,000. Economists had...
NaaS Technology Inc. (NASS), the first U.S. listed EV charging service company in China, announced Monday that Alex Wu, President, Chief Financial Officer and Director of the Company, resigned from the Company for personal reasons, effective August 9, 2024. The Company has appointed Steven Sim to succeed Wu as Chief Financial Officer, effective August 12,...
British pound GBP symbol made of numbersThe UK Treasury Committee advised proceeding slowly on a digital pound in a Dec. 2 report due to financial stability risks like sparking bank runs. Image by Alexey Novikov, Adobe Stock. The UK Treasury Committee released a report on December 2, advising the Bank of England to proceed cautiously...
The sovereign interoperability layer Union Labs has partnered with Lava to initiate an incentive Remote Procedure Call (RPC) campaign. According to a press release shared with Cryptonews.com, the incentivized public RPC campaign, also known as ipRPC, will offer a rewards pool worth $100,000 in token value. The partnership will establish Lava as the modular RPC...
The Indonesia stock market has finished lower in back-to-back sessions, retreating more than 150 points or 2 percent in that span. The Jakarta Composite Index now sits just above the 7,130-point plateau and it may take further damage on Thursday. The global forecast for thew Asian markets is mixed to lower, with oil and technology...
JOHANNES EISELE/Contributor/Getty Images Table of contents What is speculation? Speculation vs. investing: Understanding the differences Historical examples of successful speculation Strategies for speculative investing Speculative risk: What you need to know Menu List Icon Table of contents Back to top Trend Unchanged Icon Arrow Up Icon { window.initModal(\'TocModal\', 0); })\"> Table of contents Close X...
In a CNBC interview, Michael Saylor asserted that acquiring one million Bitcoins within the next five years could significantly decrease the U.S. national debt by $16 trillion.Senator Cynthia Lummis has also introduced a bill to increase the nation’s digital asset reserves, which could face challenges in Congress due to Bitcoin’s volatility. In a time of...