The Hong Kong Monetary Authority (HKMA) has issued a circular to banks detailing technical adjustments to the countercyclical macroprudential measures for property mortgage loans, initially announced on February 28, 2024, according to the HKMA. Expansion of Measures The applicability of these measures has been broadened to include mortgage applications for
The TDR Three Key Takeaways regarding Fortune 500 Companies and Cryptocurrency: Fortune 500 companies experience a 39% increase in blockchain initiatives. PayPal and Stripe leverage stablecoins and cryptocurrency for efficient cross-border payments. Clear crypto regulations are essential for US economic leadership, according to the report. The increasing integration of blockchain and cryptocurrency projects by America’s
Photo: Carlos Barria (Reuters) Republican presidential candidate and former cryptocurrency skeptic Donald Trump wants all remaining Bitcoin to be made in the U.S. Apple’s AI plans leave a golden path for Google, analysts say “Bitcoin mining may be our last line of defense against a CBDC,” Trump said late Tuesday night in a post on
NASSAU, the Bahamas, June 10, 2024 (GLOBE NEWSWIRE) — OKX, a leading crypto exchange and Web3 technology company, has issued updates for June 10, 2024. OKX Announces Launch of Fixed Simple Earn and VIP Loan OKX today announced the launch of its ‘Fixed Simple Earn’ and ‘VIP Loan’ products. Fixed Simple Earn is OKX’s lending
A cryptocurrency protocol called M^0 has built decentralized infrastructure that allows any institution to mint stablecoins backed by U.S. Treasuries. Today, it’s announcing both a $35 million Series A raise and the deployment of the layer atop Ethereum. Decentralized finance continues to face the issue of how to attract the type of liquidity afforded legacy
A few days after the settlement cycle for U.S. securities returned to T+1—meaning “trading day plus one business day”—SEC Chair Gary Gensler called the conversion “historic,” saying the transition had gone “smoothly so far.” The move, he added, “will benefit investors and take risk out of the system.” Switching from T+2 is “win-win” for hedge
Last month, in remarks to a crowd of supporters, former President Donald Trump added a new dynamic to November’s election—and reignited debate about the future of the digital asset industry in the U.S.—by declaring, “…if you are in favor of crypto, you better vote for Trump.” It wasn’t subtle, but it was acknowledgement of crypto’s
In a landscape defined by unprecedented digitization and global connectivity, cross-border payments remain a paradox. That’s because, despite the size of the total addressable market — which is projected to reach a staggering 290 trillion by 2030 — cross-border payments are fraught with inefficiencies, high fees and delayed transactions. A situation almost entirely due to
Crypto can feel stale these days as the same names talk about the same old things. That’s why it’s refreshing to meet Jesse Pollak, the Coinbase engineer who built the company’s popular Base blockchain. Pollak stands out because, unlike the recent influx of folks from Wall Street and Washington, D.C., looking to make a buck,
For those unfamiliar with cryptocurrency, this is a major milestone in Asia and across the world as it opens the road for adoption and investment in cryptocurrency, moving the asset class from niche to mainstream. Although the US allowed spot bitcoin ETFs in January, it only recently approved applications to list spot ether ETFs; a