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BIS to Explore Potential Advantages of Defi on Small & Medium Enterprises in H.K.

As part of its research plans, the Bank for International Settlements (BIS) will explore whether decentralized finance (DeFi) technologies can enhance financing for small and medium enterprises in Hong Kong. The BIS – an umbrella group for central banks – said in a report Wednesday that in 2022, its Innovation Hub will “launch new projects into CBDCs, DeFi and … Continue reading BIS to Explore Potential Advantages of Defi on Small & Medium Enterprises in H.K.

Manchester City to Build Etihad Stadium Replica in the Metaverse

Premier League Champions, Manchester City is making plans to build a replica of the Etihad Stadium in the metaverse, a move that can be classified as a one in a kind move. In an exclusive report by iNews, the Metaverse version of the Etihad will be constructed in conjunction with virtual reality experts at the … Continue reading Manchester City to Build Etihad Stadium Replica in the Metaverse

Nepal to Shut Down Crypto Trading Mediums

The crypto industry in Nepal is about to witness further setbacks as the government has started to ban trading mediums for digital assets. According to a report by NepalPress, the Nepal Telecommunications Authority (NTA) is shutting down all mobile apps and websites that engage in trading cryptocurrency trading in the country. The report said that … Continue reading Nepal to Shut Down Crypto Trading Mediums

Abra Opens New Division with Yield and Web3 Investment Services for Premium Clients

Abra, a cryptocurrency wealth management platform based in California, announced on Tuesday that it has launched a new asset management division, Abra Capital Management (ACM), which is designed to provide clients with access to enhanced investment opportunities. Through ACM, Abra’s clients are now able to access actively managed, structured products and investment funds in addition … Continue reading Abra Opens New Division with Yield and Web3 Investment Services for Premium Clients

13 New Members including Gemini, Robinhood Sign up for Crypto Market Integrity Consortium

Thirteen new members have joined the Crypto Market Integrity Consortium (CMIC). Newly added members include crypto exchange Gemini, Robinhood Markets, blockchain data platform Chainalysis, global crypto enterprise, financial institution crypto asset risk management Elliptic, Kaiko, TRM Labs, and Digital asset agency Nexo. The CMIC is led by market surveillance firm Solidus Labs and works to foster … Continue reading 13 New Members including Gemini, Robinhood Sign up for Crypto Market Integrity Consortium

HSBC Rolls Out Metaverse Fund for Premium Clients in Singapore and Hong Kong

As the metaverse continues to gain momentum, HSBC Holdings, a British multinational investment bank, has established a fund to render investment opportunities to its high and ultra-high net worth investors in Singapore and Hong Kong. Through the Metaverse Discretionary Strategy portfolio, HSBC will pinpoint investment opportunities across five areas in the metaverse ecosystem; infrastructure, interface, … Continue reading HSBC Rolls Out Metaverse Fund for Premium Clients in Singapore and Hong Kong

US SEC Approves Third Bitcoin Futures ETF Application from Teucrium

The United States Securities and Exchange Commission (SEC) has approved America’s third functional Bitcoin Exchange Traded Fund (ETF) product that tracks the futures price of the world’s largest crypto asset. Per the approval contained in a filing published on the commission’s website on Wednesday, the new fund grants permission to both the applying firm, Teucrium, … Continue reading US SEC Approves Third Bitcoin Futures ETF Application from Teucrium

Nium Pairs with Bitpay to Launch API-based Solution, Enhancing Crypto Payments for Business

Payments platform Nium has launched an API-based solution called “Crypto Accept”, which aims to provide crypto payments to businesses worldwide. The company said that Crypto Accept currently supports (BTC) and Ethereum (ETH) cryptocurrencies for payment and will launch more cryptocurrencies in 2023. Nium is a fintech company that develops a global platform for business payment … Continue reading Nium Pairs with Bitpay to Launch API-based Solution, Enhancing Crypto Payments for Business

US Crypto Lender Celsius to Stop Paying Interests to Unaccredited Investors

In line with regulatory demands, American crypto lender, Celsius has shared details of a restructuring to its Earn product which will now be limited to only Accredited investors. As announced by the company, the new regime will come into effect from April 15, and users with existing funds in their Earn accounts will continue to … Continue reading US Crypto Lender Celsius to Stop Paying Interests to Unaccredited Investors

American Premium Water Corporation Acquires Crypto Mining Company CloudX

American Premium Water Corporation announced the acquisition of cryptocurrency mining and staking company CloudXchange DataCentre Inc. (“CloudX”) for $45.6 million. Under the terms of the agreement, seller CloudX committed its wholly-owned subsidiary CloudX SG, which is primarily focused on cryptocurrency mining, to generate earnings before interest, taxes, depreciation, and amortization of at least $1.5 million … Continue reading American Premium Water Corporation Acquires Crypto Mining Company CloudX