Hong Kong warns against crypto firms misrepresenting as ‘bank’

Comedians from the United States are quite used to making fun of Canada, depicting their neighbors as some sort of peaceful simpletons, with the series South Park as probably the prime example. However, even if you ignore that Wolverine — the toughest of all the X-Men — is Canadian, you should revise this worn-out cliché,…

The reality is that blockchain technology can still deliver substantial benefits, particularly within the fine arts. And for those who have been paying attention, 2022 has been a year of incredible normalization for nonfungible tokens (NFTs). Simply put, major institutions across various sectors have dipped their toes into Web3. In November, Instagram announced that creators…

China’s central bank is reportedly developing its own digital currency in response to Facebook’s Libra as the latter could purportedly pose a risk to the country’s financial system, the South China Morning Post reported on July 8.Wang Xin, director of the People’s Bank of China (PBoC) research bureau, argued that “if [Libra] is widely used…

Ethereum derivatives metrics show increased activity, indicating higher interest but not necessarily a bullish trend.

The institutional investment manager holds 30,454 shares of Grayscale’s GBTC, according to a new SEC filing. And no, the firm is not part of the Rothschild family dynasty. 319 Total views 3 Total shares Rothschild Investment Corporation, a leading Chicago-based financial institution founded in 1908, has invested heavily in Grayscale’s Bitcoin Trust, according to a…

Ethereum wallet and decentralized app (DApp) browser Metamask has launched the public beta version of its new mobile app. Unveiled on July 23, the app brings various features to Metamask users and syncs to the company’s existing browser plug-in. It is available for both Android and iOS.“Over the next couple months, we’ll use this Beta to…

While many crypto holders around the world are practicing self-quarantine and other measures to limit social contact, some are turning to the adult industry for comfort. Speaking to Cointelegraph, cryptocurrency payment processor CoinGate reported an increase in purchases from adult stores in March over activity in February. Sites like ManyVids and LiveJasmin had 17% and 8%…

Google’s Gemini AI has faced recent outrage after generating historically inaccurate imagery and biased results. Decentralized AI development could be the key to creating more transparent and unbiased results.

Private-sector behemoths in Japan are exploring digital currencies as a way to streamline large fund transfers and settlements. 264 Total views 19 Total shares A consortium of roughly 70 Japanese companies, including the country’s biggest financial institutions, have joined forces to trial and launch a new yen-based digital currency in fiscal 2022, sending a strong…