Day: August 30, 2023

Jamaican taxi drivers bullish on accepting Jam-Dex CBDC

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Bus and taxi operators in Jamaica are eager to use the country’s in-house central bank digital currency (CBDC) — Jam-Dex — as locals seek operational efficiencies and reduced costs and security risks. The Central Bank of Jamacia launched Jam-Dex, short for Jamaican Digital Exchange, in 2022, which was supported by an airdrop event to expedite its widespread adoption. More recently, Aldo Antonio, co-founder and acting executive chairman of the National Transporters Alliance Group (NTAG), revealed his efforts to spread Jam-Dex adoption among the transport community. According to a local report…

Grayscale’s SEC Victory Does Not Ensure Bitcoin Spot ETF Approval

“Grayscale obtained the chance of seeing their filing re-evaluated by the SEC as the causes of rejection did not seem fair to the judge,” said Matteo Greco, research analyst at Fineqia International (CSE:FNQ), in a note to CryptoX Wednesday. “It doesn’t mean that now Grayscale will be 100% able to list a spot Bitcoin ETF, nor that this will happen in the future.” Source ApprovalBitcoinEnsureETFGrayscalesSECSpotVictory CryptoX Portal

Bitcoin Cash Records Surprising 20% Rally

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Bitcoin Cash (BCH) and several prominent altcoins are experiencing an upward trajectory in their trading prices, attributed to a recent report indicating a favorable ruling by the US federal appeals court.  The court’s decision suggests that the US Securities and Exchange Commission (SEC) erred in its rejection of Grayscale’s application for a spot bitcoin exchange-traded fund (ETF).  This development has once again underscored the impact of positive regulatory news on the sentiment and valuation of the cryptocurrency market. Regulatory Reassurance Boosts BCH, Overall Market Confidence The crypto market has long…

Hong Kong’s SFC Grants Swiss Bank Seba In-Principle Approval

“Complementing Seba Group’s established licenses in Switzerland (FINMA) and Abu Dhabi (FSRA), the Hong Kong AIP significantly extends our global regulatory footprint,” CEO Franz Bergmueller said in a statement. “Seba Group aligns itself with the Hong Kong government and its financial regulators in facilitating an environment that supports the responsible growth of the digital assets industry.” Source

Hong Kong’s first licensed retail crypto exchange HashKey eyes 2024 bull run

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Hong Kong retail cryptocurrency traders now have access to a locally based cryptocurrency exchange, with HashKey Exchange launching retail trading services to users in China’s special administrative region on Aug. 28. The company was previously permitted to serve professional and institutional investors before being granted Type 1 and Type 7 licenses by the Hong Kong Securities and Futures Commission (SFC) on Aug. 3. This paved the way to becoming the first licensed retail exchange in Hong Kong.  Figures from Hong Kong’s treasury, banking, accounting and Web3 ecosystem marked the launch of retail trading…

Triple Bottom Or Desc. Triangle?

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Shiba Inu (SHIB) price is once again at a crucial crossroads. Currently, it’s down a staggering 91% from its all-time high (ATH) of $0.00008845, recorded in October 2021. Over the past year, the token has been on a consistent downtrend, marking lower highs and lower lows on the monthly time frame. But all is not bleak for SHIB investors. The recent relaunch of Shibarium, a layer 2 blockchain, is a beacon of hope. This move is seen as Shiba Inu’s attempt to transition from its meme coin status to a…

EOS Can Now Be Traded Against Japanese Yen

“Securing regulatory approval from the JVCEA is a monumental achievement for EOS, affirming our steadfast commitment to compliance,” said Yves La Rose, CEO of the EOS Network Foundation, in a note to CoinDesk. “This landmark approval ushers in new prospects for EOS in the Japanese market, fostering stronger connections with discerning businesses and developers seeking robust blockchain solutions, in particular within the gaming industry.” Original Source EOSJapaneseTradedYen CryptoX Portal

Native USDC Integration on Base Blockchain

Circle has announced the upcoming launch of native USDC on the Base blockchain. The announcement, part of Circle’s #StableSeptember series, outlines the benefits and implications of this integration for both developers and users. Key Takeaways – Native USDC will be the “official form” of USDC for the Base ecosystem. – The token aims to replace the currently circulating bridged USDbC liquidity originating from Ethereum. – Native USDC will be “fully reserved and always redeemable 1:1 for US dollars,” according to Circle’s official blog. – The launch will facilitate institutional on/off-ramps.…