Stablecoin pegged to Hong Kong dollar unveiled
Jingdong Coinlink Technology Hong Kong Limited unveils its plan to issue a Hong Kong dollar stablecoin, aiming for secure and cost-effective payment solutions while adhering to regulatory requirements.
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Crypto Scammer on the Prowl as YouTube and Twitter Become Central to Bitcoin Scams
Over the years, it has become a known fact for anyone dealing with cryptocurrencies that scams are running rampant. However, as more novice players enter the market, more scammers up their tactics to take advantage of unsuspecting Bitcoin enthusiasts with fake Bitcoin giveaways and other elaborate schemes. Recently, a new bout of scammers has emerged with…
Swedish call to ban crypto mining ‘completely misinformed,’ says fund manager
“The claim that Bitcoin miners jeopardize the electricity network is completely misinformed,” says EU-based fund manager Melanion Capital. 396 Total views 44 Total shares A Swedish financial watchdog’s call for a European Union-wide ban on proof-of-work (PoW) crypto mining, mainly known as the method of minting new Bitcoin (BTC), has received backlash from crypto-related fund…
Price analysis 8/21: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, DOT
After the sharp fall on Aug. 17, Bitcoin (BTC) remained stuck inside a tight range over the weekend. This suggests indecision between the bulls and the bears about the next directional move. After the latest fall, about 88% of Bitcoin held by Short-term Holders (STHs), owning Bitcoin for 155 days or less, has plunged into loss,…
Major Aussie bank takes next step to AUD stablecoin after Chainlink test transaction
ANZ’s banking executive Nigel Dobson says the bank sees “real value” in tokenizing real-world assets on-chain like the Aussie dollar. 344 Total views 11 Total shares Australia and New Zealand Banking Group is one step closer to launching its bank-issued stablecoin A$DC after the bank successfully executed a test transaction on Chainlink’s Cross-Chain Interoperability Protocol.ANZ’s
AMD and ConsenSys’ Blockchain Data Center Venture Gets $20M of Seed Funding
AMD and ConsenSys’ W3bcloud joint venture obtained $20 million through the sale of convertible notes. 1310 Total views 18 Total shares The joint blockchain cloud computing venture of computing giant AMD and Ethereum-focused development firm ConsenSys has received $20.5 million in funding.According to a June 25 announcement, AMD and ConsenSys’ W3bcloud joint venture obtained the…
Ditch the memecoins — look at RWA and AI instead
Opinion: If investors want to see a bull run take off this cycle, they should shift their attention from memecoins to AI and real-world assets.
Report: Circulation of Facebook’s Crypto Could Face Demographic Challenges
Facebook’s payment-focused cryptocurrency Globalcoin will face demographic challenges, according to recent research by cryptocurrency analysis firm Diar published on May 28.Facebook’s native cryptocurrency — which will purportedly seek to disrupt or bypass banking networks in order to remove financial barriers and lessen consumer costs — will reportedly launch in 2020.In its recent report, Diar suggests…
Crypto Biz: Smart Money is betting big on Web3, layer 2, May 19-25
Billions and billions. That’s what venture capitalists are spending to get ahead of the curve in crypto. Their latest fixation is Ethereum layer-2 scaling solutions and Web3, an umbrella term that describes the next stage of the internet’s evolution. So, while the cryptocurrency market is in a state of extreme fear, smart money investors —…