Hong Kong Prepares to Issue AI Guidelines for Finance Sector
Reports indicate that the Hong Kong government will establish policies regarding using artificial intelligence (AI) in the financial sector by the conclusion of October. Hong Kong authorities intend to enhance the utilization of AI in the traditional trading, investment banking, and cryptocurrency markets by implementing new policies. The Financial Services and the Treasury Bureau (FSTB) […]
Ripple, Hedera, Aptos Partner to Form MiCA Crypto Alliance
Ripple, Hedera, and Aptos Foundation have become founder members of the MiCA Crypto Alliance. According to a DLT Science Foundation post, this cooperation, which has the organization’s support, intends to assist cryptocurrency companies in better navigating new rules in the European Union, namely the Markets in Crypto Assets regulation. Aptos Labs, Hedera, and Ripple have […]
DBS to Launch Structured Notes for Institutional Clients
DBS Bank, a financial institution in Singapore, will introduce structured notes and over-the-counter (OTC) crypto options trading to its institutional clients in Q4 2024. The bank declared on September 17 that it would persist in providing financial products contingent upon the prices of Bitcoin and Ether, the two largest digital assets by market capitalization. DBS […]
Crypto Trader Makes $2 Million After Token Surged 1000%
Three crypto traders collectively earned $2M from NEIRO, with wallet addresses 0x6ac, 0xc05, and 0x090 each making substantial profits. Over the past few days, the dread that pervades all crypto traders has led to a three percent decline in the global market capitalization, currently valued at two trillion dollars. Users’ reluctance to trade or take […]
Chainlink, Fireblocks Partner to Help Banks Issue Stablecoins
Chainlink and fireblocks partnership will manage the issuance, distribution and custody of tokenized assets, including stablecoins. Both Chainlink Labs and Fireblocks, a blockchain startup have recently revealed their intention to combine their operations, which has sparked conversations throughout the web3 industry. The companies stated that the purpose of this collaboration is to assist financial institutions […]