Backed by industry heavyweights; this new blockchain game aims to get a foothold in the competitive arena.
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Bitcoin price retests key support as Fed rate hike fears steal $27K
Bitcoin bulls fail to stem fresh losses, with BTC price abandoning prior strength and opportunistic whales manipulating the arena with liquidity.
Bitcoin price retests key support as Fed rate hike fears steal $27K
Bitcoin (BTC) traded back below $27,000 on May 19 as analysis flagged large-volume trades pressuring price.
BTC/USD 1-day candle chart on Bitstamp. Source: TradingViewInflation specter haunts crypto markets
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting lows of $26,380 on Bitstamp.
A modest recovery then took the pair to a range familiar from several days prior, this still in focus prior to the week’s final Wall Street open.
Downside overnight came courtesy of increasing market expectations of an interest rate hike by the United States Federal Reserve in June.
These came thanks to low jobless claims data for the week, with Fed officials adding a hawkish tone.
Texas proof-of-reserve bill passes through the Senate
The legislation would oblige exchanges to maintain reserves “in an amount sufficient to fulfill all obligations to customers.”
Australian stock exchange officially abandons blockchain plans: Report
ASX abandons blockchain rebuild to explore conventional options to achieve the desired business outcomes as it sends RFP to potential software vendors.
Crypto should become a regular part of TradFi within 5-10 years: Exchange CEO
Bittrex Global CEO, Oliver Linch, believes crypto conferences won't exist in 5-10 years as crypto would just become a part of traditional finance.
Australian exchanges dispel debanking fears amid Binance saga, but risks loom
Australian crypto exchanges report no problems with their payment providers but the lack of local laws means more debanking incidents can't be ruled out.
Stablecoin issuers have spent over $1.3M lobbying Congress since 2022
Tether and Circle have been leading lobbying efforts among stablecoin issuers as they push for legislation and regulations for stablecoins.
Blockchain arms race risks being won by 'adversarial nations' — US crypto lobby group
The Chamber of Digital Commerce has urged Congress to set up a Digital Asset and Blockchain Technology Solarium Commission to develop crypto regulation.
Coin Cafe to repay $4.3M in fees that 'wiped out' investors' Bitcoin accounts
The platform was charging investors ‘exorbitant and undisclosed fees’ with one user being charged recurring fees of $51,000 over a span of 13 months, according to the statement.
Coin Cafe to repay $4.3M in fees that 'wiped out' investors' Bitcoin accounts
The platform was charging investors ‘exorbitant and undisclosed fees’ with one user being charged recurring fees of $51,000 over a span of 13 months, according to the statement.
FTX pursues $244M clawback from 'wildly inflated' Embed acquisition deal
FTX lawyers want to claw back $243.7 million from Embed insiders and executives, claiming its former leadership paid a "wildly inflated" price for the company.
Ripple, Visa join HK CBDC pilot, Huobi accusations, GameFi token up 300%: Asia Express
Mastercard and Visa join Hong Kong’s CBDC pilot, new instalment in Justin Sun’s Huobi soap opera, and a GameFi token pumps on no news.
Ripple, Visa join HK CBDC pilot, Huobi accusations, GameFi token up 300%: Asia Express
Mastercard and Visa join Hong Kong’s CBDC pilot, new instalment in Justin Sun’s Huobi soap opera, and a GameFi token pumps on no news.
Ripple, Visa join HK CBDC pilot, Huobi accusations, GameFi token up 300%: Asia Express
Hong Kong partners with 16 companies to build CBDCs
On May 18, the Hong Kong Monetary Authority (HKMA) announced the launch of the cyber Hong Kong dollar pilot project. According to officials, 16 selected companies from the financial payment and technology sectors will conduct the first round of trials this year on the feasibility of a Hong Kong dollar central bank digital currency (e-HKD). Companies included in the pilot include Alibaba Group’s Alipay Financial, Mastercard Asia, Ripple Labs, Visa, and HSBC.
The digital Hong Kong dollar will start off with six potential uses cases; comprehensive payments, programmable payments, offline payments, tokenized deposits, Web 3.0 transaction settlements, and tokenized asset settlements. The CBDC is scheduled for a three-stage approach, with the novel pilot program being an important aspect of the second stage.
However, the HKMA has not yet decided whether to officially launch the CBDC. It expects to share the results of the trials at Hong Kong Fintech Week 2023 in Q4. Yue Wai-man, chief executive of the HKMA, commented:
“Although the HKMA has not decided whether or when the CBDC will be launched, we are pleased to launch the Cyber Hong Kong Dollar Pilot Scheme. This is a good opportunity for the HKMA to join hands with the industry to explore innovative use cases and prepare for the possible launch of the CBDC in the future”
Back in Oct. 2021, Mastercard said that it would be preparing its payment infrastructure for integration with CBDCs. Likewise, Visa believes that stablecoins and CBDCs will play meaningful roles in payments and has an ongoing blockchain interoperability project related to the matter.
Ripple, Visa join HK CBDC pilot, Huobi accusations, GameFi token up 300%: Asia Express
Mastercard and Visa join Hong Kong’s CBDC pilot, new instalment in Justin Sun’s Huobi soap opera, and a GameFi token pumps on no news.
Ripple, Visa join HK CBDC pilot, Huobi accusations, GameFi token up 300%: Asia Express
Mastercard and Visa join Hong Kong’s CBDC pilot, new instalment in Justin Sun’s Huobi soap opera, and a GameFi token pumps on no news.
Ripple, Visa join HK CBDC pilot, Huobi accusations, GameFi token up 300%: Asia Express
Hong Kong partners with 16 companies to build CBDCs
On May 18, the Hong Kong Monetary Authority (HKMA) announced the launch of the cyber Hong Kong dollar pilot project. According to officials, 16 selected companies from the financial payment and technology sectors will conduct the first round of trials this year on the feasibility of a Hong Kong dollar central bank digital currency (e-HKD). Companies included in the pilot include Alibaba Group’s Alipay Financial, Mastercard Asia, Ripple Labs, Visa, and HSBC.
The digital Hong Kong dollar will start off with six potential uses cases; comprehensive payments, programmable payments, offline payments, tokenized deposits, Web 3.0 transaction settlements, and tokenized asset settlements. The CBDC is scheduled for a three-stage approach, with the novel pilot program being an important aspect of the second stage.
However, the HKMA has not yet decided whether to officially launch the CBDC. It expects to share the results of the trials at Hong Kong Fintech Week 2023 in Q4. Yue Wai-man, chief executive of the HKMA, commented:
“Although the HKMA has not decided whether or when the CBDC will be launched, we are pleased to launch the Cyber Hong Kong Dollar Pilot Scheme. This is a good opportunity for the HKMA to join hands with the industry to explore innovative use cases and prepare for the possible launch of the CBDC in the future”
Back in Oct. 2021, Mastercard said that it would be preparing its payment infrastructure for integration with CBDCs. Likewise, Visa believes that stablecoins and CBDCs will play meaningful roles in payments and has an ongoing blockchain interoperability project related to the matter.
Ripple, Visa join HK CBDC pilot, Huobi accusations, GameFi token up 300%: Asia Express
Hong Kong partners with 16 companies to build CBDCs
On May 18, the Hong Kong Monetary Authority (HKMA) announced the launch of the cyber Hong Kong dollar pilot project. According to officials, 16 selected companies from the financial payment and technology sectors will conduct the first round of trials this year on the feasibility of a Hong Kong dollar central bank digital currency (e-HKD). Companies included in the pilot include Alibaba Group’s Alipay Financial, Mastercard Asia, Ripple Labs, Visa, and HSBC.
The digital Hong Kong dollar will start off with six potential uses cases; comprehensive payments, programmable payments, offline payments, tokenized deposits, Web 3.0 transaction settlements, and tokenized asset settlements. The CBDC is scheduled for a three-stage approach, with the novel pilot program being an important aspect of the second stage.
However, the HKMA has not yet decided whether to officially launch the CBDC. It expects to share the results of the trials at Hong Kong Fintech Week 2023 in Q4. Yue Wai-man, chief executive of the HKMA, commented:
“Although the HKMA has not decided whether or when the CBDC will be launched, we are pleased to launch the Cyber Hong Kong Dollar Pilot Scheme. This is a good opportunity for the HKMA to join hands with the industry to explore innovative use cases and prepare for the possible launch of the CBDC in the future”
Back in Oct. 2021, Mastercard said that it would be preparing its payment infrastructure for integration with CBDCs. Likewise, Visa believes that stablecoins and CBDCs will play meaningful roles in payments and has an ongoing blockchain interoperability project related to the matter.
Bitcoin defense lawyer says Craig Wright lawsuit could harm open source software
The Bitcoin Defense Legal Fund’s chief legal officer spoke out against an “extraordinarily dangerous” lawsuit initiated by Craig Wright, a person who claims to be Bitcoin creator Satoshi Nakamoto.