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[ad_1] Hong Kong warns crypto firms against using the word “bank” The Hong Kong Monetary Authority (HKMA) says only licensed banks can take “deposits.” Using terms such as digital bank, crypto bank and crypto asset bank contravenes the Banking Ordinance. The Hong Kong Monetary Authority (HKMA) has warned crypto firms that it’s against the law […]

[ad_1] In an era marked by economic disruptions and cyber threats, global banking and financial services (BFS) firms are increasingly leaning on technology. Their goal? To bolster customer experience and navigate the tumultuous landscape, as outlined in a comprehensive report by Information Services Group (ISG) (Nasdaq: III). The ISG TechXchange event, slated for September 19-20

[ad_1] Bitcoin rose to highs above $26,800 on Thursday, before profit taking pushed kicked in to see it trade lower. An analyst says price below the 200-week MA represents buying opportunity. Meanwhile, address activity remains high, with 1.1 million BTC send or received daily. Bitcoin spiked above$26,800 overnight Thursday as bulls bounced to hit its

[ad_1] It’s no secret that traditional gamers harbor a strong sense of disdain for crypto and non-fungible tokens (NFTs) in their games. The reason for this is clear, says Atari founder Nolan Bushnell, it all started with the insane rise of play-to-earn games. “I can tell you clearly where this disdain for crypto comes from,”

[ad_1] In a dramatic turn of events, Genesis, the now-bankrupt crypto lender, has brought its entire crypto trading venture to an abrupt halt. The decision to cease all trading operations, including its international spot and derivatives trading services, comes amid legal disputes involving FTX and Gemini. Genesis Global Trading, a subsidiary of Genesis Global, is

[ad_1] Solana is eyeing a fresh increase above the $19.00 resistance against the US Dollar. SOL price must settle above $19 and $20 to start a fresh increase. SOL price is attempting a bullish breakout above the $19 resistance against the US Dollar. The price is now trading below $20 and the 100 simple moving

[ad_1] Coinbase says it will add support for the Bitcoin Lightning Network. Cathie Wood praises the crypto exchange for the decision. Coinbase shares are down nearly 30% versus their YTD high. Coinbase Global Inc has decided to integrate the Lightning Network that aims at making Bitcoin a viable option for faster and cheaper global payments.

[ad_1] Swift, the world’s leading provider of secure financial messaging services, has announced the beta testing of its innovative Central Bank Digital Currency (CBDC) interoperability solution. This move comes as part of Swift’s ongoing efforts to bridge the gap between digital and fiat-based currencies. Global Participation in Swift’s CBDC Initiative Three central banks, including the

[ad_1] BitMEX launched the Prediction Markets product to allow traders bet on events such as outcome of FTX bankruptcy claims and Sam Bankman-Fried’s criminal case. The product offers speculative contracts that will be marked at Last Price. Chancer on the other hand is a blockchain-based prediction markets platform expected to revolutionise the gambling industry.  Crypto

[ad_1] The United States is one of — if not the worst — place to launch a cryptocurrency startup in the world right now, according to Ripple CEO Brad Garlinghouse, whose firm is in a legal battle with the U.S. securities regulator. “The only country I would not encourage you to start a company right