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HSBC China Introduces Digital Yuan Services for Corporate Clients

[Jun 10, 2024 7:38 PM] HSBC Bank (China) Ltd. announced on Friday the launch of digital yuan (e-CNY) services for corporate clients, becoming one of the first international banks to provide these services to both corporate and retail customers. The e-CNY, or digital…

6 US Banks Face Moody’s Downgrade

[Jun 9, 2024 6:45 PM] Moody’s has initiated a review for potential downgrades of six U.S. regional banks due to their considerable exposure to commercial real estate (CRE) loans. Moody’s Corporation, established in 1909 and recognized as one of the…

Andrew Tate Burns Over $10 Million Received in Meme Coin TOPG

[Jun 9, 2024 3:27 PM] Known lifestyle influencer and former kickboxer Andrew Tate has burned TOPG tokens valued at over $10 million after announcing it on social media. Tate received over 580 million TOPG tokens as a donation from an unnamed party, and announced that he…

Ripple Teams Up With Clear Junction for GBP and EUR Payouts

[Jun 8, 2024 9:32 PM] Ripple has partnered with Clear Junction, a global leader in cross-border payment solutions for regulated institutions, to enhance cross-border payments, enabling instant and secure GBP and EUR payouts, with more currencies to follow. Ripple…

Central Banks Boost Gold Reserves by 33 Tonnes in April

[Jun 7, 2024 9:25 PM] Global gold reserves rose by 33 tonnes in April, according to the World Gold Council. The Central Bank of Turkey was at the forefront, increasing its holdings by 8 tonnes. This addition marks 11 consecutive months of purchases, bringing the central…

Semler Scientific Expands Bitcoin Holdings, Acquires 247 More BTC

[Jun 7, 2024 8:40 AM] Semler Scientific Inc. (Nasdaq: SMLR), a developer of medical technology aimed at fighting chronic diseases, has expanded its bitcoin portfolio by acquiring an additional 247 bitcoins for $17 million, inclusive of fees and expenses. As of June 6…

Gemini Taps Kaiko for Enhanced Cryptocurrency Derivatives Trading

[Jun 7, 2024 1:42 AM] Kaiko, a prominent player in the crypto data sector, has announced a strategic partnership with Gemini Foundation, the derivatives trading platform of the cryptocurrency exchange, Gemini. This collaboration will see Gemini Foundation utilizing…

Ethereum to Introduce Extensive Pectra Upgrade in Q1 2025

[Jun 7, 2024 1:02 AM] The Ethereum network is set to undergo one of its most extensive upgrades named Pectra, which will integrate the EVM Object Format (EOF) and introduce Vitalik Buterin’s proposed EIP-7702, allowing Ethereum account addresses to act as smart contract…

Hong Kong Partners With Swiss Crypto Valley

[Jun 7, 2024 12:57 AM] Invest Hong Kong, the government department responsible for attracting foreign direct investment and the Crypto Valley Association (CVA) of Zug, Switzerland, have signed a Memorandum of Understanding (MoU) to bolster the fintech ecosystems of both…