Hong Kong has long been known as a global financial hub and a leader in technology and innovation. However, according to a recent study conducted by the Research Office at Hong Kong’s Legislative Council, the city is lagging behind its East Asian and Gulf counterparts in terms of Web3 development. The study highlights the need for Hong Kong to take
BitGo, the American crypto custodian platform, has decided to cancel its planned acquisition of Prime Trust, leading to confusion and uncertainty for those involved with the latter. Following this announcement, Prime Trust has taken measures to suspend withdrawals, which has further added to the speculation concerning the company’s alleged financial challenges. The intended acquisition of Prime Trust by BitGo was
Mastercard, a leading global payment and financial services company, has announced that it is expanding its Engage program to support blockchain and cryptocurrency technology. The Engage program is designed to help partners quickly launch and scale products that power the decentralized Web3 economy. Mastercard is now set to simplify the process for businesses to work with it and bring new
JPMorgan Chase & Co., an American multinational investment bank, is making waves in traditional banking with its blockchain technology project: JPM Coin. JPM Coin was launched four years ago as the world’s first bank-backed cryptocurrency and runs on top of Quorum, a blockchain platform designed and developed by JPMorgan itself. The investment giant is further expanding this project by introducing
Binance.US, the US arm of the world’s largest cryptocurrency exchange, has announced the resolution of its USD withdrawal problem that had caused the suspension of USD deposits earlier in the month. The company stated that it collaborated with banking partners to almost completely resolve delayed withdrawal requests for USD, and users can now resume USD withdrawals. Collaboration with banking partners
The cryptocurrency market is known for its volatility and unpredictability. One day, the value of a particular cryptocurrency can skyrocket, and the next day, it can plummet. This volatility can make it challenging for traders and investors to make informed decisions about when to enter or exit the market. One tool that can be used to make sense of the
The rise of blockchain technology has brought about a new type of asset known as non-fungible tokens (NFTs), which are unique and have properties that verify their authenticity and ownership. While NFTs have mainly been associated with the art world, they are now making their way into the realm of online gambling. The integration of NFTs in online casinos offers
As the world becomes more connected through technology, customer expectations are evolving. Consumers expect more from brands than just quality products and excellent customer service. They want brands to offer convenience, flexibility, and financial tools that empower them to manage their finances effectively. Embedded banking is a new trend that integrates financial services within the websites and applications of consumer
Metatime is a blockchain technology company operating at the intersection of blockchain technology, product development, and cryptocurrency. The company has achieved significant milestones in its development and over the years, it has developed a diverse portfolio of over 70 products and attracted investments worth millions. Today, the company is set to take the next big step in its journey by
World Mobile, which provides sustainable network infrastructure to underserved and rural areas, has unveiled a new token buyback program. The initiative will enable the company’s treasury to purchase its native utility token, World Mobile Token (WMT), from the open market. This program is designed to support the development and expansion of World Mobile’s network infrastructure while acknowledging the valuable contributions
In the world of crypto exchanges, the use of internal market-making teams has become a contentious issue in recent years. Internal market makers are teams of traders that work for an exchange to make a profit on the trading activity that takes place on the exchange. Some insiders argue that these teams can help contribute to the liquidity and stability
Binance, the world’s largest cryptocurrency exchange, has announced a new promotion for its users. The exchange is now offering a zero-maker trading fee for the stablecoin TUSD. The move comes as the company looks to expand its offerings and attract new users. Zero trading fee promotion for USD stablecoin pairs on Binance spot and margin markets The zero trading fee
