3 themes driving institutional adoption of digital assets
What makes 2021’s roaring crypto market different from 2017’s are the banks and VCs piling in, writes Calvin Shen of Hex Trust. What’s behind their crypto adoption?
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Crypto exchange industry consolidating as DEXes surge in popularity
The highly competitive cryptocurrency exchange industry appears to be consolidating, according to blockchain analytics provider Chainalysis as part of its Competitive Landscape Report that will be released next week. Fast facts The number of active cryptocurrency exchanges peaked at 845 in August 2020 and stood at 672 as at August 2021, Chainalysis reported. The exchanges…
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Ethereum drives crypto comeback as US tax fears leave market unfazed
Top blockchain and crypto news: Ethereum rises and rivals follow. Taxing times for US investors. New life for reborn crypto miner.
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Huobi migrates spot trading services to regulated entity in Gibraltar
Cryptocurrency exchange Huobi Global, which obtained a distributed ledger technology license from the Gibraltar Financial Services Commission in 2018, will be migrating its spot trading services to the regulated entity in Gibraltar (“Huobi Gibraltar”), the company announced today. Fast facts Huobi has received approval from the Gibraltar Financial Services Commission to migrate its cryptocurrency spot…
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New Hong Kong youth association hopes to nurture ‘patriotic fintech talents’
The city’s disaffected post-protest youth and recent statistics suggest a brain drain in the city’s future.
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Beijing budgets $37M for government affairs blockchain platform
China’s capital city, Beijing, is inviting public tenders on a project to build a blockchain platform and computing center for government affairs with a total bidding price of 242 million yuan (approximately US$37.8 million). Fast facts The bidding project, “Beijing Municipal Experimental Blockchain Platform,” is for storing residents’ and city facility’s information and dealing with…
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What are the digital assets powering the DeFi revolution?
Digital assets are disrupting financial services in ways not seen since the Middle Ages, writes Alex Tapscott of Ninepoint Partners. Here is the taxonomy for the future of finance.
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Goldman Sachs executive says tokenization redefines liquidity transaction
The traditional financial industry is getting its feet wet in tokenization of assets, and there’s an influx of interest in the private asset space, as Mathew McDermott, managing director of Goldman Sachs, said today at a Hong Kong Fintech Week panel moderated by Angie Lau, editor-in-chief and founder of Forkast.News. Fast facts McDermott said Goldman…
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Asia-Middle East multiple CBDC bridge builds out business use cases for international payments
22 private sector finance heavyweights together with the BIS and central banks of China, Hong Kong, Thailand, and UAE aim to achieve a production-ready international trade settlement platform using CBDCs.