While still working on a regulatory approach to stablecoins for the potential financial stability risks it says they pose, the Hong Kong Monetary Authority (HKMA) has issued a discussion paper on introducing a retail central bank digital currency (rCBDC), e-HKD, to address their chal...
Though a central bank digital currency (CBDC), the digital yuan (e-CNY) is in the payment-related digital currency category with stablecoins like USDC and USDT in China but with a different path, the CEO of Red Date Technology and Executive Director of the Blockchain Serv...
Hong Kong’s financial regulator, the Hong Kong Monetary Authority (HKMA), has acknowledged that crypto assets are having a “rising interconnectedness” with the mainstream financial system including banks and other types of financial institutions. The Special Administrative Region...
Regardless of China’s presumed first-mover advantage in the area of central bank digital currencies (CBDCs), the U.S. is still winning the digital currency race, says the top executive of the second-largest stablecoin issuer. Circle CEO Jeremy Allaire, told the U.S. Congress o...
The alleged hacker who exploited Poly Network has indicated in a Q&A published on the Ethereum network the motive behind the cross chain breach in which digital assets worth about $600 mln was stolen. The heterogeneous interoperability protocol alliance, which has enabled cross-...
The whitelist of users for the pilot phase of the digital yuan has reached 10 million, Vice President of the People's Bank of China (PBoC), Fan Yifei, has hinted during a State Council's regular policy briefing. The top bank official made the point as he answered questions at the br...
The current circulating Bitcoin supply (2.4M BTC) held in exchange wallets has reduced from 16% at the beginning of the year to 12.9%, latest data from Glassnode shows. Along with the analysis comes its finding that Coinbase (4.9%), Binance (1.6%), Huobi (1.1%) and OKEx (1.1%) remain t...
As the People's Bank of China (PBoC) publishes a commentary that points out that China needs to become the first nation to issue a digital currency to internationalize the yuan and reduce its dependence on the global dollar payment system, local media report that the bank's Digital Curren...
Is TVL really the most valuable metric in DeFi? Compound’s COMP token recently triggered a massive yield farming effect within the DeFi ecosystem. Numerous headlines suggested the category had reached an all-time high value. According to defipulse.com, the DeFi sector has now s...
A token research team's investigation has claimed it found that the recent unprecedented movement in Hong Kong has gradually improved behavior changes regarding the use of crypto assets among Asians especially Chinese. Amun's finding suggests that USD-pegged stablecoins, in particular, have...
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