As the world increasingly embraces the potential of Web3 technologies and cryptocurrencies, Hong Kong has positioned itself as a global hub for fostering their development and enabling retail investment. Over the past year, the city has undertaken a series of strategic moves to facilitate the growth of the Web3 space, attracting industry experts and creating a supportive regulatory environment. Announcement
The United Kingdom’s (UK) approach to crypto regulations has gained praise from Ripple senior executives Andrew Whitworth and Susan Friedman. They argue that the country is forging ahead of the United States (US) in terms of creating a favorable regulatory environment for the crypto industry. With the recent approval of the Financial Services and Markets Bill, the UK has reached
The remarkable surge in Bitcoin prices has caught the attention of investors worldwide. However, amidst the excitement, a notable trend has emerged among Bitcoin miners – the selling of their tokens during this peak period. In this article, we will delve into the selling behaviour of Bitcoin miners, explore their motivations, and assess the potential implications for the market. Bitcoin
The world of decentralized finance (DeFi) continues to evolve and expand, with various blockchain networks offering innovative solutions for investors and users. Solana, a high-performance blockchain platform, has seen a significant surge in liquid staking protocols, experiencing a staggering 91% increase in total value locked (TVL) since the beginning of 2023. Statistics on Solana’s liquid staking protocols Several protocols have
In today’s digital world, embedded finance has emerged as a groundbreaking concept, transforming the way people access and interact with financial services. In simple terms, embedded finance refers to when traditional financial services – such as banking, insurance, credit, and more – seamlessly integrate into the end-user journey, becoming less visible to the customer. This integration not only enhances the
The UK government is taking significant strides in regulating the rapidly growing trillion-dollar crypto market. With the granting of Royal Assent to the Financial Services and Markets Act 2023, the government aims to reform its financial laws to accommodate the safe adoption of crypto assets. This move not only repeals old European Union laws but also unlocks billions of pounds
Bitcoin Cash (BCH) has recently experienced a significant increase in both price and trading volume. This surge can be attributed to various factors, including its inclusion on the EDX Markets trading platform and increased demand from traders in South Korea. Let’s delve deeper into these factors and their impact on BCH’s remarkable performance. EDX Markets’ Role in BCH’s Surge On
South Korea has taken a significant step in bolstering investor protection in the digital asset space by implementing the first independent bill for digital assets. This legislation aims to establish clear definitions for digital assets and sets penalties for various violations, including the use of non-public information, market manipulation, and unfair trading practices. Definitions and Penalties One of the key
The intertwining of software and finance is rapidly driving the payments industry towards its holy grail of a seamless global banking ecosystem. With advancements in technology, the rise of payment apps such as Venmo and Cash App, combined with the emergence of open banking platforms, a significant transformation has begun. This article explores the various facets of this transformation and
In the ever-evolving world of finance, tokenization has emerged as a game-changing process that enables the placement of ownership of tangible assets on blockchain ledgers as digital assets. This process not only unlocks significant liquidity from traditionally illiquid asset classes but also brings a multitude of upgrades to assets as a whole. In this article, we will explore the benefits,
The financial industry is constantly evolving, and one technology that has made significant strides in revolutionizing cross-border payments is blockchain. This distributed ledger system, based on cryptography, offers a range of benefits, such as enhanced efficiency, speed, and security. In this article, we will explore how blockchain technology is transforming cross-border payments and the various advantages it brings to financial
The internet has shaped our modern world, and its profound impact continues to shape the way we live, communicate, and conduct business. In recent years, blockchain technology has emerged as a game-changer, promising to revolutionize various sectors. In this article, we will delve into the history of the internet, explore the potential of blockchain technology, analyze the challenges it faces,
