Hong Kong accepts crypto license application past deadline

Advances in payment settlements and decentralized ledger technology are driving central banks to consider digital currencies, according to a recent Bank of Korea report. 2956 Total views 76 Total shares South Korea's central bank, the Bank of Korea, has conducted new research and analysis on the progress of central bank digital currencies — or CBDCs…

The adoption of Bitcoin (BTC) could occur more rapidly than the adoption of past disruptive technologies such as automobiles and electric power, with global take-up likely to hit 10% by 2030 according to a new report.In its June 8 report, Blockware Intelligence said it arrived at this forecast by examining historical adoption curves for nine…

Bitcoin (BTC) fell to intraday lows after the Nov. 16 Wall Street open as the FTX scandal appeared to claim another victim.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewGenesis Trading liquidity "exceeded"Data from Cointelegraph Markets Pro and TradingView showed BTC/USD trading around $16,400 at the time of writing.Downside had entered again for the pair amid news…

Overseas investors are reportedly likely to step in to acquire South Korean crypto exchange Bithumb due to alleged difficulties with payments in its existing acquisition deal.As Cointelegraph reported previously, BK Global Consortium, a firm headed by one of South Korea's leading plastic surgeons, closed a deal in Oct. 2018 to acquire 50% plus one share of…

Within 11 days in March, four banks in the United States and one in Switzerland collapsed. First Republic Bank followed in May. Three of the four largest-ever U.S. bank failures occurred in those two months. It was a painful reminder that banks bear significant risks that can quickly spill over to other industries.Ironically, despite a…

Apple co-founder Steve Wozniak has been announced as a co-founder of recently launched blockchain-focused venture capital fund EQUI Global, global business outlet Verdict reports Monday, Oct. 15.Following an announcement about his plans to become “involved” in a blockchain project earlier in August, Wozniak has been revealed today as a co-founder of EQUI Global, a venture…

Traders identify key support and resistance levels that Ethereum must hold as ETH price trades at levels not seen since July 2021. 1800 Total views 24 Total shares The crypto market experienced another day of pain on May 12 as the fallout from the Terra's LUNA and UST failure continues to ripple across the ecosystem.While…

Markets are anything but calm on Tuesday as bulls grapple for control of significant price points. 373 Total views 13 Total shares Bitcoin (BTC) hit $50,000 for the first time in a month on Oct. 5 as a triumphant return to form continued.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC’s price hits one-month highData from Cointelegraph…

Avanti’s crypto-friendly bank is now planning to launch in October after its banking charter application was accepted by Wyoming’s banking regulator. 1208 Total views 11 Total shares Avanti Bank & Trust, Wyoming-based pioneering financial institution planning to offer services to the crypto industry, has announced plans for a ‘stablecoin disruptor’ that’s designed to modernize U.S.…