Hong Kong will be a leading Digital Asset Trading Centre in Asia. What precisely the Hong Kong Government and the Securities and Future Commission (SFC) have done for this period. The Hong Kong Monetary Authority (HKMA) has granted eight virtual bank licenses and has been offering service since 2020. A breakthrough in the account opening … Continue reading Why Hong Kong Will Be a Leading Digital Asset Trading Centre in Asia
China’s petrochemical industry has accomplished the first-ever blockchain-enabled digital warehouse receipt pledge financing transaction to minimize costs for small and medium enterprises (SMEs) in this sector. Tackling sluggish financing The transaction also deployed the internet of things (IoT) to hasten to finance, as this has been a challenge faced by many enterprises. It involved Nanchu … Continue reading China’s Petrochemical Sector Conducts First Blockchain-Powered Warehouse Receipt Finance
On Nov.3, the Shanghai Stock Exchange in China published an announcement titled, “Decision on postponing the listing of Ant Technology Group Co., Ltd. on the Sci-Tech innovation board.” The Ant Group was expected to be listed on Nov. 5, 2020. Official reasons The authority explains the suspension for two reasons. Ant Group’s actual controller, chairman, and general … Continue reading Why Jack Ma's Ant Group IPO was Suspended by Authorities
China’s President Xi Jinping personally made the decision to stop the world’s largest-ever IPO after Ant Group’s founder and China’s second-richest man Jack Ma spoke out against the country’s innovation-stifling financial regulation and banking system. Fintech giant Ant Group was expected to go public on Nov. 5, until founder Jack Ma provoked regulators in Beijing, … Continue reading China’s President Xi Jinping Killed Ant Group’s $37 Billion IPO After Jack Ma Criticism
Singaporean multinational banking and financial services firm DBS Bank Ltd. has confirmed it will be launching its digital asset exchange which is set to go live as early as next week. According to a report from the SCMP, the DBS bank-backed digital asset exchange will allow four of the top cryptocurrencies featuring Bitcoin (BTC), Ethereum … Continue reading DBS Bank To Launch Its Crypto Exchange for Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Bitcoin Cash (BCH)
Things look grim for Ripple as Tetragon, a former investor in the company, has turned against it, filing a complaint against the fintech firm. UK investment company Tetragon Financial Group Ltd. issued an official complaint against Ripple with Delaware Chancery Court. The financial firm has been a major investor in Ripple’s $200 million Series C round in 2019 … Continue reading Ripple Sued by One of Its Major Investors Demanding The Blockchain Firm Reclaim Its Stock
Voyager digital has just announced that it will be listing the Elrond Gold token on its exchange. This is a big news story for those of us that have been excited for the release of Elrond onto the exchange market in recent months. Elrond has already shown itself to be a worthy entry into the … Continue reading Voyager Digital announces the listing of Elrond Gold token
Reddit doubles its valuation to $6 Billion after raising another $250 million in a Series E fundraising round, as announced by the company on Monday night. The news comes just weeks after the social media platform made the headlines for facilitating the discussions of day trading hedge fund disruptors in its subreddit r/WallStreetBets. Reddit Inc. … Continue reading Reddit Now Worth $6 Billion after $250 Million Funding Round Amid WSB Mania
The Delaware court has ruled that Ripple’s investor Tetragon will not be able to reclaim its Ripple equity in cash. Earlier this year, one of Ripple’s main investors, UK-based Tetragon Financial Group Ltd., filed a lawsuit against the firm. It demanded a reimbursement from Ripple for the $200 million Series C investment round it led … Continue reading Ripple Investor’s Request to Recuperate Its $175M Stock Investment Is Denied by the Court
The uncertainty surrounding cryptocurrency regulations in South Africa is fueling the move by the country’s homegrown crypto firms to more crypto-friendly countries. As reported by Bloomberg, the clamour by the country’s entrepreneurs, particularly invested in cryptocurrencies is yielding no fruits, a situation that is limiting potential growth. With crypto trading platforms such as Luno with … Continue reading Unclear Crypto Regulations in South Africa Alarm Entrepreneurs