Author: NBTC
The tokenized gold product is available via HSBC Online Banking and HSBC HK Mobile App. The HSBC Gold Token is minted on the bank’s Orion digital assets platform. Financial powerhouse HSBC (HSBA) is tokenizing gold for everyday investors in Hong Kong and claiming bragging rights as the first bank to create a blockchain-based real-world asset aimed at the retail marketplace. The HSBC Gold Token, minted on the bank’s Orion digital assets platform, is available via HSBC Online Banking and HSBC HK Mobile App, the bank said in a press release on Wednesday. Banks and financial institutions are bringing a range…
The Philippines’ securities regulator is set to unveil a regulatory framework for crypto assets and trading by the latter half of 2024. SEC Chair Emilio Aquino announced plans last week to issue the framework by the second half this year, Business World Online reported Monday. The upcoming cryptocurrency guidelines target regulating trading within the Philippines, prioritizing investor protection. This announcement aligns with the SEC’s recent efforts to tighten its grip on unregistered platforms. Last month, the SEC actively pursued removing Binance-linked applications from Apple and Google app stores in the Philippines. “The SEC has identified [Binance] and concluded that the…
Bybit, one of the world’s top three crypto exchanges by volume, today announced an industry-leading Initial DEX Offering (IDO) Refund Policy, prioritizing user protection and fostering a secure and transparent environment for blockchain development, as IDOs have emerged as a popular method for launching new cryptocurrency projects. “In the dynamic world of DeFi, IDOs present exciting opportunities for investors and crypto enthusiasts,” said Emily Bao, Bybit Web3 Evangelist. “However, understanding the associated risks is crucial. The launch of Bybit’s IDO Refund Policy empowers users with an added layer of security, enabling informed participation. This aligns with our vision of creating…
New 13F filings with the SEC reveal that a major pension consultant, Global Retirement Partners (GRP), is buying into US spot Bitcoin ETFs. Bitcoin investors have been eagerly awaiting these SEC filings to gauge the level of institutional interest in Bitcoin ETFs, which launched in the first quarter of 2024. JUST IN: 🇺🇸 Retirement consulting firm GRP reveals they now hold exposure to 7 #Bitcoin ETFs in 13F filingsPensions are in play 🚀 pic.twitter.com/3F9A2VTiID — Bitcoin Magazine (@BitcoinMagazine) April 25, 2024 13F SEC filings require large US institutional investors with $100 million or more in assets under management (AUM) to…
Recent on-chain data and trading activity show that Ethereum whales are engaging in substantial sell-offs, raising concerns about their long-term confidence in the asset. One notable transaction involved a whale who, after purchasing ETH at $1,890 last year, moved 12,906 ETH ($24.39 million) from Binance to Lido. More recently, this same investor withdrew 7,000 ETH from Lido and redeposited it onto Binance, securing over $16 million in profits amid a fluctuating market. The accompanying charts reveal a decline in the number of large transactions alongside a fluctuating price, suggesting a possible correlation between whale activities and price movements. Specifically, the…
The Ethereum founder Vitalik Buterin has admitted that Shiba Inu (SHIB) “massively” outperformed his earlier expectations for the project. Buterin disclosed this while reacting to a statement from Nathan Young, a Web Designer and Director at Frostwork. Young spotlighted the crypto assets held by Future of Life Institute (FLI), a non-profit focused on AI research, noting that he never believed the organization’s crypto balance amounted to much. For context, FLI was one of the beneficiaries of Vitalik Buterin’s Shiba Inu donations. Recall that the Ethereum founder received half of the entire Shiba Inu supply from Ryoshi, SHIB’s anonymous founder. Buterin…
With the legal dispute between the United States Securities and Exchange Commission (SEC) and Ripple far from over, the blockchain company has filed further support of its motion to strike new expert materials and in reply to the securities watchdog’s opposition to this motion. Indeed, after the SEC filed its opposition to Ripple’s request to strike the declaration by the regulator’s witness, Andrea Fox, arguing that it did not constitute undisclosed expert testimony, Ripple’s legal team filed a letter in support of its motion, as per the document shared by defense attorney James K. Filan on May 2. #XRPCommunity #SECGov…
The fusion of traditional finance with the burgeoning realm of cryptocurrencies has taken another significant stride as Alchemy Pay joins forces with Influpia, a pioneering Web3 multi-chain social platform. The integration introduces a fiat-crypto On and Off-Ramp solution, aiming to streamline accessibility to digital currencies through local fiat currencies. Influpia, distinguished for its innovative approach to converting social influence into tangible assets via blockchain technology, has integrated Alchemy Pay’s solution seamlessly into its platform. This integration enables users, both experienced crypto enthusiasts and novices, to effortlessly purchase and sell Bitcoin using their preferred fiat payment methods directly within the Influpia…
David Schwartz, chief technology officer at Ripple Labs, has stated that it is “nearly impossible” to avoid selling XRP even if one wants to continue holding. Earlier, he said that “everyone who holds a digital asset can sell it if they wish to.” Schwartz also previously explained the tax implications of receiving XRP from the company. For instance, if Schwartz were to be given a bonus of 1,000,000 XRP from Ripple, he would need to sell a substantial portion of this sum in order to cover the taxes owed on it. Taking into account both federal (Fed) and California (CA)…
A court in Australia mostly ruled in favor of Australia’s markets regulator in its case against BPS Financial Pty Ltd (BPS) over its Qoin scheme. The court clarified that blockchain was not part of the financial product. An Australian Federal Court mostly ruled in favor of Australia’s markets regulator in its case against BPS Financial Pty Ltd (BPS) over its Qoin scheme, on Friday, court documents and the regulator’s announcement show. Judge J Downes ruled that the Australian Securities and Investments Commission (ASIC) “succeeded on its Unlicensed Conduct Case, other than in relation to the period during which BPS was…