Month: April 2023

China’s state-affiliated banks onboarding crypto companies in Hong Kong

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Hong Kong’s push to become a crypto hub has opened an opportunity for not just crypto companies but many state-affiliated banks in China as well. The Chinese banks have shown interest in building partnerships and onboarding regulated crypto companies in Hong Kong, despite a blanket bank on crypto-related activities in mainland China. The Hong Kong arm of the major Chinese state-owned Bank of Communications is collaborating with several cryptocurrency businesses registered in the city. The bank is in talks to open accounts for regulated companies, according to a report published…

Stock Futures Advance Ahead of Big Week for Bank, Corporate Earnings

Stock futures in the US climbed as investors brace for a crucial week of quarterly earnings from several large companies across sectors. Wall Street stock futures moved higher amid anticipation of more big bank earnings this week. On Sunday, stock futures tied to the S&P 500 climbed 0.16%, or 6.5 points, with the Nasdaq 100 futures increasing by 0.06%. In addition, futures tied to the Dow Jones Industrial Average (DJIA) also advanced 0.13% or 43 points. The banking sector got off to a commendable start, with heavyweights Wells Fargo (NYSE: WFC) and JPMorgan Chase (NYSE: JPM) surpassing expectations.…

Space ID Tokens Wow Investors Weeks After Binance Launchpad Sale

The price action in Space ID, which allows users to exchange, register and manage crypto-based domain names, reinforces Binance Launchpad’s position as a lucrative platform for traders looking to get allocations of tokens in new projects. The subscription period for ID ended in March, becoming the latest Binance Launchpad offering. Source

Bitcoin stuck at $30k: what lies ahead

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bitcoin (BTC), the flagship cryptocurrency, finally breached the $30,000 level last week after ten months of anticipation, thanks to the increasing optimism that the US Federal Reserve will soon end its aggressive monetary tightening campaign.  As of April 17, BTC was trading at $29,883, down 3.62% from its 90-day high of $31,005, achieved on April 14. BTC weekly price chart | Source: CoinMarketCap Let’s explore the factors driving bitcoin’s price action, the role of the Federal…

Sega Sammy to Acquire Angry Birds Parent Company Rovio

While the key initiatives bordering on the plans of Sega Sammy for the Angry Birds maker are yet to be fully revealed, it can be deduced that the game will be incorporated into the consoles of the company. Japanese gaming giant Sega Sammy Holdings Inc (TYO: 6460) has announced it has made a generous offer to acquire Rovio Entertainment Oyj (HEL: ROVIO), the developer of the much acclaimed Finnish video gaming giant. As reported by CNBC, the deal is worth approximately $776 million and it accounts for a 19% premium…

US Treasury Secretary Janet Yellen Acknowledges Sanctions Weaponization Could Hurt Dollar Hegemony – Economics Bitcoin News

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U.S. Treasury Secretary Janet Yellen talked about the dangers that sanctions based on the U.S. dollar might pose for the hegemony of the currency in international markets. According to Yellen, the government tries to use sanctions “judiciously,” as they can create a desire to find alternatives to the U.S. dollar. U.S. Treasury Secretary Yellen Talks Dangers of Dollar Weaponization Janet Yellen, Treasury Secretary of the United States, has referred to the possible effects that continued use of sanctions could exert on the hegemony of the U.S. dollar in international markets.…

Lending Protocol Hundred Finance Loses $7M in Fresh DeFi Exploit

The hacker was able to withdraw more tokens than were initially deposited. There appears to be a rising case of DeFi exploits and multichain lending protocol Hundred Finance may be the latest victim. According to a recent announcement by the protocol, attackers found a loophole to successfully manipulate the exchange rate between ERC-20 tokens and hTOKENS. And as a result, the attacker has reportedly made away with no less than $7.4 million from the protocol. Meanwhile, it might be worth noting that this is the second time in as many…

SpaceX Set to Launch Starship Rocket System but Musk Lowers Expectations

Over the years, Musk has made multiple presentations about Starship, its design, and its aim. He also emphasized the rocket system’s ability to transport humans and cargo to Mars. Elon Musk-owned spacecraft engineering corporation SpaceX is ready for the first launch of its Starship rocket system to space. Starship is the most powerful rocket ever developed, with almost 120m (400ft) height, and designed to have nearly X2 thrust of any rocket ever. The uncrewed demonstration will lift off on Monday from Boca Chica in Texas. This is where SpaceX has…