Author: Crypto Superhero

The Hong Kong Monetary Authority (HKMA) has issued a warning about the misuse of the term “bank” by overseas crypto firms operating in Hong Kong, cautioning the public to verify the legitimacy of such claims. The HKMA observed that two crypto firms, which are not licensed banks in Hong Kong, misrepresented themselves — one by […] Source: https://news.bitcoin.com/hong-kong-exposes-crypto-firms-misrepresenting-as-licensed-banks/

A travel industry veteran believes blockchain technology can unify the global travel industry, standardize communication protocols and enhance transparency. Blockchain: The Missing Link Pablo Castillo, CEO and CTO of Travel4chain, argues that the global travel industry, which has remained largely unchanged for 40 years, lacks standards and a unified system. Castillo believes blockchain technology is […] Source: https://news.bitcoin.com/tourism-industry-veteran-global-travel-lacks-standards-blockchain-the-missing-link/

Russia’s issuance of digital financial assets could reach 10 trillion rubles (approximately $101.36 billion) by 2026, according to Sberbank Deputy Chairman Anatoly Popov. Speaking in Moscow, Popov noted that the current market volume for digital financial assets in Russia has already surpassed half a trillion rubles in 2024, reflecting significant growth. He projected that this […] Source: https://news.bitcoin.com/russias-massive-leap-digital-financial-market-eyes-trillion-ruble-milestone/

A Norwegian expert committee advising lawmakers has recommended no immediate need to adopt a central bank digital currency (CBDC). Despite the declining use of cash, which dropped to just 2% of transactions at physical points of sale during the pandemic, the committee emphasized cash’s importance for secure and inclusive payments. It advised starting work on […] Source: https://news.bitcoin.com/norways-cbdc-timeline-clouded-by-expert-committees-bold-advice/

Hive Mining, a data center and crypto mining company, gave an update on the construction of a Paraguayan bitcoin mega mining site that will host 100MW of mining hardware. The company also revealed a purchase of nearly $20 million in mining ASICs to revamp its current equipment. Hive Doubles Down on Paraguayan Mining Bet, Announces […] Source: https://news.bitcoin.com/hive-announces-paraguayan-mining-site-construction-update-hardware-revamp/

U.S. President-elect Donald Trump has announced that JPMorgan Chase CEO Jamie Dimon, a vocal crypto critic, will not be invited to join his administration. Trump wrote on his social media platform Truth Social on Thursday: “I respect Jamie Dimon, of JPMorgan Chase, greatly, but he will not be invited to be a part of the […] Source: https://news.bitcoin.com/jpmorgan-ceo-excluded-from-trumps-visionary-administration/