Jeremy Allaire, the CEO of Circle Internet Financial Ltd, has expressed the company's keen interest in Hong Kong's ambitions to establish itself as a leading hub for stablecoins and digital asset markets. During an interview with Bloomberg Television at...
Bybit FinTech FZE, a subsidiary of Bybit, has achieved another milestone in its quest to establish its operations in the United Arab Emirates. On June 27, 2023, the exchange announced that it had obtained the Minimum Viable Product (MVP)...
Canadian cryptocurrency startup Hut 8 Mining has secured a $50 million credit line from US-based exchange Coinbase. Hut 8 announced this development on June 26, 2023, after it completed the credit agreement with Coinbase Credit, the lending division of...
Bybit has obtained a license to operate as a digital asset exchange and offer custody service in Cyprus. This development paves the way for Bybit to introduce a range of trading options that cover both cryptocurrency and fiat currency...
Binance has shifted its focus to the United Arab Emirates (UAE) as its primary target for future operations. Alex Chehade, the general manager of Binance Dubai, revealed this in an interview with Cointelegraph on Monday, June 26, 2023. According...
JPMorgan is making significant strides in its efforts to integrate blockchain technology into traditional banking systems. According to a Bloomberg report on June 23, 2023, the American financial institution has successfully expanded the capabilities of JPM Coin, its blockchain-based...
Bankrupt Bitcoin miner Core Scientific has submitted its Chapter 11 bankruptcy plan to the Houston Division of the Southern District of Texas Bankruptcy Court. The filing indicates the company's active pursuit of consensus from key stakeholders regarding the vision...
Introduction In March 2023, the California Department of Financial Protection and Innovation shut down Silicon Valley Bank, a financial institution headquartered in Santa Clara, California. The regulator cited substantial losses in its investments and a significant amount of money...
Questions are being asked about USDC stablecoin issuer, Circle's exposure to failed U.S. banks, Silvergate Bank and Silicon Valley Bank. This is because Circle published a USDC Reserve Report last week accompanied by an Attestation by the global Audit...
Understand the role of the central bank in a country's economy, what cryptocurrencies are, and how central banks view cryptocurrencies.
