CME Group Expands Bitcoin, Ether Reference Rates to Asia
Derivatives marketplace CME Group will introduce reference rates for Bitcoin (BTC) and Ether (ETH) for the Asia Pacific area. CME Group announced on that the new reference rates would go live on September 11. According to Giovanni Vicioso, senior director for digital currency products at CME Group, the most recent reference rates intends to answer […]
Soramitsu to Launch Cross-border CBDC in Asia
The Japanese fintech company Soramitsu is developing a cross-border payment system for Asian nations using central bank digital currencies (CBDCs). They have incorporated CBDCs from Laos and Cambodia, like the Bakong CBDC. This system aims to facilitate digital transactions involving stablecoins tied to established legal currencies. Bakong’s success is evident from its widespread use, serving […]
Circle Plans to Expand its Market Throughout Asia
Circle, a cryptocurrency startup known for creating the stablecoin USDC, is planning to expand in Asia, focusing on Hong Kong. CEO Jeremey Allaire expressed the company’s intentions during an interview with Bloomberg Television at the World Economic Forum in Tianjin, China. Allaire highlighted the strategic importance of Hong Kong in the digital currency landscape, especially […]
Bitget launches $100M Web3 crypto fund in Asia
Bitget, a cryptocurrency derivatives exchange has established a new crypto fund worth $100 million to support the next generation of Web3 initiatives. Bitget asserts that it will fund worldwide Web3-friendly venture firms and initiatives. It will concentrate on Asian initiatives from experienced teams with clear roadmaps that are addressing real-world issues. “It is evident that […]
Central Banks Claim Success With Digital Currency Pilot
According to the central banks involved, a project to test a central bank digital currency (CBDC) in four places in Asia and the Middle East has shown that they can speed up and improve cross-border payments. Project mBridge was a pilot program that included commercial and central banks from China, Hong Kong, Thailand, and the […]