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…
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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.…
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…
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…
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…
ETC Group Says It Will List an Exchange-Traded Product Based on Anticipated ETH Hard Fork
Digital asset-backed securities provider the Etc Group has said it will list an exchange-traded product (ETP) based on an anticipated hard fork of the Ethereum blockchain on September 15. Current…
Bank of Russia to Promote Digital Ruble in Foreign Trade as Finance Ministry Pushes for Crypto Option
Days after the two institutions agreed on the need for cross-border crypto payments, the finance ministry and the central bank of Russia are once again highlighting their different priorities. While…
Bitpanda aims to entice crypto investors to TradFi by adding commodities
The exchange now allows crypto investors access to traditional investments such as natural resource commodities like precious metals.
Russia Explores Stablecoins for Settlements With Friendly Nations
Russia is cooperating with friendly countries on the potential employment of stablecoins in international payments, a top government official unveiled. The news comes after key institutions in Moscow agreed that…
Russia Can’t Do Without Cross-Border Crypto Payments, Consensus Reached
Key government institutions have agreed that Russia needs to legalize crypto payments for international settlements. The proposal has been gaining support in the past few months since Moscow’s decision to…
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