Hong Kong’s FinTech sector triples in a decade as government pivots to AI and tokenized assets
The Director of the Financial Services and the Treasury Bureau, Xu Zhengyu, believes that AI, blockchain and tokenization are the…
Category: Financial
Bitcoin Treasuries Face Capital Shock as Falling Prices Erase Gains
Crypto-focused treasury companies are facing renewed strain as the latest market downturn erodes asset values and erases equity cushions that…
Stablecoin Shake-Up: $1.9B Drop Hits Market as XUSD and USDX Break Peg
The stablecoin sector finally hit a speed bump this week, trimming $1.925 billion from its market cap after a long…
Traders Price in December Fed Rate Cut as U.S. Inflation Softens Again
Crypto traders are already betting on another Fed rate cut in December. This comes as economic data showed a continued…
Odds for December Rate Cut Soar to 71% After Michigan Consumer Sentiment Hits 2nd-Lowest in History
The possibility of Fed rate cut in December has increased sharply. This is because the consumer confidence in the United…
Breaking: James Chanos Exits MSTR Short After Premium Drop
Veteran short-seller James Chanos closed his hedged position shorting MicroStrategy (MSTR) shares while holding long Bitcoin positions on November 7,…
New SEC Filing Shows Trump Media’s Total Bitcoin Holdings
Trump Media and Technology Group (TMTG), the media company associated with US President Donald Trump, now holds more than 11,500…
Italy backs the digital euro but asks ECB to spread out high implementation costs
Italy’s banking sector has expressed strong support for the European Central Bank’s (ECB) proposed digital euro project, something it sees…
Iran signals intent to become crypto hub at its first international blockchain event
Iran will not manage to meet its digital economy goals unless it embraces cryptocurrencies, officials in Tehran declared at a…
Central Bank of Brazil Clarifies Drex CBDC Project\’s Future: Digital Real Still the \’Ultimate Goal\’
The Central Bank of Brazil said the recent pause in using blockchain for drex, its central bank digital currency project,…