Blockchain & Crypto - page 6

News

Hong Kong Responds to Questions About Use of Cryptocurrencies as Proof of Wealth

The Hong Kong government has for the first time answered questions about the use of cryptocurrencies as proof of wealth for an immigration scheme after a local accountant publicly revealed two cases where the respective digital assets were accepted.

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Deutsche Börse CEO Says EU Needs Permanent CBDC

Stephan Leithner, chief executive officer of German securities marketplace Deutsche Börse, calls for financial reforms in the European Union, including establishing a permanent digital euro.

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Animoca Brands, Standard Chartered, HKT to Launch HKD Stablecoin

Standard Chartered Bank Hong Kong, Animoca Brands, and Hong Kong Telecommunications (HKT) in the framework of a new joint venture will issue Hong Kong dollar-backed stablecoin.

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Visa and Fold to Launch Credit Card

Visa and Fold have collaborated to launch a credit card that offers bitcoin rewards.

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RedotPay, StraitsX and Visa to Launch Crypto Credit Card

RedotPay and StraitsX offer crypto enthusiasts another way to spend their cryptocurrencies effortlessly at millions of Visa-accepting merchants worldwide.

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Web3 Exec Says Current Chain Abstraction Methods Fragment Crypto

Industry executives and competing companies continue to try to grapple with abstracting away from the complexities of blockchain for the end user.

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University of Austin Launches $5 Million Bitcoin Investment Fund

The University of Austin is launching a $5 million Bitcoin fund, which is another evidence of the realization of the tendency of growing institutional interest in cryptocurrencies.

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Changpeng Zhao Admits Binance Token Listing Needs Reform

Changpeng Zhao, co-founder and former chief executive officer of Binance, stated that the listing process on cryptocurrency exchanges contains disadvantages.

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Tether CEO Says Quantum Сomputing to Bring Lost Bitcoin Back in Circulation

Tether chief executive officer Paolo Ardoino predicts that quantum computing will eventually crack Bitcoin wallets classified as inactive and return digital assets to circulation.

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Indian Crypto Holders Face Penalty on Undisclosed Gains

In India, cryptocurrency traders may face significant tax penalties due to previously undisclosed profits under new amendments to the tax legislation of this South Asian country.

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Crypto Market Liquidations Reportedly Reach $10 Billion

According to Bybit’s chief executive officer, a recent correction in the cryptocurrency market may have caused capital liquidation of up to $10 billion, which is an indicator exceeding previous estimates.

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Apollo Starts Tokenized Private Credit Fund

Private equity company Apollo Global Management, in partnership with Securitize, has launched a tokenized private credit fund.

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Stablecoin Market Cap Reaches All-Time-High of Over $200B

The total market value of stablecoin tokens has been steadily increasing since mid‑2023 and hit a new high, surpassing $200 billion, this January.

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Grayscale Launches Dogecoin Trust

Grayscale Investments is launching the Grayscale Dogecoin Trust, boosting institutional adoption among the enhanced interest in memecoins.

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Trump Media Plunges Into DeFi

Trump Media and Technology Group launches a fintech brand Truth.Fi aligned with the broader DeFi ecosystem through its planned investments in Bitcoin and other digital assets.

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Binance Denies France’s Claims

In recent years, the Binance cryptocurrency exchange has become the object of intense attention from governments around the world, and the French authorities have initiated another legal challenge.

Blockchain & Crypto