SBI Group’s fully-owned crypto exchange, SBI VC Trade, will assist Metaplanet in its Bitcoin strategy by providing various support in trading, storage and operation. Source: https://cointelegraph.com/news/japanese-microstrategy-ripple-bank-partner-sbi?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: September 2024
HashKey and Kaia partner to boost Web3 adoption in Asia
HashKey Group and Kaia collaborate post-rebrand to accelerate Web3 adoption, coinciding with Kaia-Finschia merger and new mainnet launch. Source: https://cointelegraph.com/news/hashkey-kaia-web3-partnership-asia?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Metaplanet Taps SBI’s Crypto Arm to Aid its Bitcoin Stockpiling Efforts
Japan’s Metaplanet has partnered with SBI VC Trade, the crypto division of financial services giant SBI Group, to support its ongoing efforts to bolster its corporate Bitcoin holdings. The partnership grants Metaplanet access to SBI’s custodial services, designed to prioritize tax efficiency and offer the potential to use Bitcoin as collateral for financing. It forms part of Metaplanet’s strategy to…
OKX bags Singapore crypto license
OKX Singapore also announced that it onboarded Gracie Lin, who previously worked at MAS, as its CEO. Source: https://cointelegraph.com/news/okx-singapore-full-license-new-ceo?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
India’s HDFC Bank Launches New UPI and CBDC Features
HDFC Bank, a leading private sector bank in India, has introduced new features for Unified Payments Interface (UPI) and central bank digital currency (CBDC) to enhance digital banking for its customers. Announced at the Global Fintech Fest 2024 in Mumbai, India, these innovations, developed in partnership with fintech companies like Kreditpe, Tonetag, and Payu, aim […] Source: https://news.bitcoin.com/indias-hdfc-bank-launches-new-upi-and-cbdc-features/
Chase ‘infinite money’ glitch leaves TikTokers in huge debt
Users on social media have been reporting a “glitch” with Chase Banks ATMs that allowed them to withdraw large sums without having sufficient funds in their accounts. Source: https://cointelegraph.com/news/chase-infinite-money-glitch-leaves-tiktokers-in-huge-debt?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Crypto execs plan to raise $100K for Harris at fundraiser: Report
A group of crypto industry players wants to sway Kamala Harris to soften on crypto as she maintains a slight lead in national polling over Donald Trump. Source: https://cointelegraph.com/news/crypto-industry-fundraiser-100k-raise-kamala-harris?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Crypto liquidations may be way worse than data has let on, suggest researchers
“Liquidation data from exchanges are bogus and a vast underrepresentation of actual liquidation volumes in the market,” according to K33 Research. Source: https://cointelegraph.com/news/liquidation-data-wildy-underreported-last-3-years-k33-research?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Central banks buying gold at record levels, but Bitcoin still outperforms
Central banks bought a record 483 tonnes of gold in the first half of 2024, driving the asset to an all-time high. Source: https://cointelegraph.com/news/central-banks-buying-gold-record-levels-2024?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Latam Insights: Bukele Used Bitcoin as a Rebranding Tool; Bitcoin Mining Companies Stop Operating in Paraguay After Power Fee Hikes
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue: Salvadoran President Nayib Bukele acknowledges that bitcoin rebranded the country, some bitcoin mining companies have stopped operating in Paraguay after the recent power fee hikes, and Argentines lead Latam in stablecoin adoption. Bukele […] Source: https://news.bitcoin.com/latam-insights-bukele-used-bitcoin-as-a-rebranding-tool-bitcoin-mining-companies-stop-operating-in-paraguay-after-power-fee-hikes/