Auto Added by WPeMatico

Hong Kong to Start Testing Digital Currency in Coming Months

China’s special administrative region of Hong Kong is going to trial а digital version of its dollar as early as this year, in preparation for eventual roll-out. The territory is…

Continue ReadingHong Kong to Start Testing Digital Currency in Coming Months

Japanese Banking Heavyweight Nomura to Launch Crypto-Focused Venture Capital Arm

On Wednesday, the Japanese financial holding company and principal member of the Nomura Group, Nomura Holdings, announced the launch of a crypto-focused venture capital unit called Laser Digital Holdings. Nomura’s…

Continue ReadingJapanese Banking Heavyweight Nomura to Launch Crypto-Focused Venture Capital Arm

China to Expand Digital Yuan Testing in Pilot Cities to Provincial Level

China’s central bank intends to enlarge the area covered by trials of its digital yuan currency in four regions of the country. A top representative of the monetary authority announced…

Continue ReadingChina to Expand Digital Yuan Testing in Pilot Cities to Provincial Level

Nasdaq Establishes Crypto Unit — Sees Increased Demand for Digital Assets Among Institutional Investors

Nasdaq has announced the launch of “Nasdaq Digital Assets” citing increased demand for digital assets among institutional investors in recent years. Initially, the new crypto unit will offer custody solutions…

Continue ReadingNasdaq Establishes Crypto Unit — Sees Increased Demand for Digital Assets Among Institutional Investors

Study: Samsung Named Most Active Investor in Crypto and Blockchain Startups

Between September 2021 and mid-June 2022, Samsung invested in 13 crypto/blockchain companies thus making the South Korean corporation the most active among the top 40 corporations. Google’s parent Alphabet firm,…

Continue ReadingStudy: Samsung Named Most Active Investor in Crypto and Blockchain Startups

HSBC’s CEO Explains Why Crypto Is Not in the Banking Giant’s Future

Banking giant HSBC will not be offering crypto services, according to CEO Noel Quinn. Noting that HSBC is more negative on crypto than other banks, the executive stressed: “I do…

Continue ReadingHSBC’s CEO Explains Why Crypto Is Not in the Banking Giant’s Future

Norway Releases Source Code for Digital Krone Sandbox, Utilizes Ethereum Technology

A crypto company working with the central bank of Norway has published the source code for the sandbox created to trial the digital version of the Nordic nation’s fiat currency.…

Continue ReadingNorway Releases Source Code for Digital Krone Sandbox, Utilizes Ethereum Technology

Financial Giant State Street Sees Unwaning Crypto Demand From Institutional Investors

Investment management firm State Street says that institutional clients are not deterred from investing in crypto assets despite price declines. “There is a belief that the asset class is here…

Continue ReadingFinancial Giant State Street Sees Unwaning Crypto Demand From Institutional Investors

Central Bank of China Calls for Increasing Use of Digital Yuan

The People’s Bank of China has urged for widening of the array of use-case scenarios for its central bank digital currency. The monetary authority believes that deeper interconnection with traditional…

Continue ReadingCentral Bank of China Calls for Increasing Use of Digital Yuan

Blockchain Gaming Publisher and Web3 Firm Animoca Brands Secures $110 Million

Blockchain gaming publisher Animoca Brands announced the company has raised $110 million in a funding round led by Temasek, Boyu Capital, and GGV Capital. The company raised the funds by…

Continue ReadingBlockchain Gaming Publisher and Web3 Firm Animoca Brands Secures $110 Million