Category: Crypto Currency

HSBC Holdings on Thursday announced a blockchain-backed banking initiative in Hong Kong. The bank said its tokenised deposit service is now available to Hong Kong-based corporate clients. This is the first bank-led blockchain payment system to be introduced in the region. HSBC clients who hold corporate wallets will be able to process instant USD to…

Some of the biggest US banks are exploring whether to team up to issue a joint stablecoin, The Wall Street Journal reported on Thursday. The conversations have so far involved companies co-owned by JPMorgan Chase, Bank of America, Citigroup, Wells Fargo and other large commercial banks, the report said, citing people familiar with the matter….

The UK government is set to tighten compliance mandates for crypto firms by deepening the regulatory governance over the sector. In new guidelines issued to improve tax compliance, crypto firms in the UK have been directed to collect user details including transaction data under the Crypto-Asset Reporting Framework (CARF). Paris-based Organisation for Economic Development (OECD)…

Bitcoin surged past a new all-time high (ATH) of over $111,500 (roughly Rs. 94.6 lakh) last week. As market momentum eased over the weekend, the cryptocurrency consolidated around the $109,000 (roughly Rs. 92.5 lakh) level. On Monday, May 26, Bitcoin posted a modest gain of 1.30 percent, trading at $109,612 (around Rs. 93 lakh) on…

Solana, a prominent name in the blockchain sector, has taken a step further towards integrating Web3 with hardware. Over the weekend, Solana and Swiss watchmaker Franck Muller announced the launch of a limited-edition Web3 enabled luxury watch, priced at CHF 20,000 (roughly Rs. 20.7 lakh). The launch marks the second time Solana has linked its…

Dubai investors can now purchase tokenised shares of “ready to own” properties, following the launch of the city’s first real estate tokenisation initiative this week. The project is being overseen by the Dubai Land Department (DLD) and the Central Bank of the United Arab Emirates. According to an official announcement issued on May 25, the…

X Money is expected to launch later this year, bringing support for digital payments to X, the microblogging platform previously known as Twitter. Tesla CEO Elon Musk has been teasing the X Money payments service for the past three years. While the billionaire has yet to announce a launch date for the service, Musk recently…

Trump Media and Technology Group will raise about $2.5 billion (roughly Rs. 21,417 crore) to invest in Bitcoin, US President Donald Trump’s social media company said on Tuesday, as it looks to diversify its revenue. The company is raising the funds by selling $1.5 billion (roughly Rs. 12,852 crore) in stock at its last closing price and…

Circle Internet said on Tuesday it was targeting a valuation of up to $6.71 billion (roughly Rs. 57,404 crore) on a fully diluted basis in its US initial public offering, as the stablecoin giant looks to tap into growing optimism around cryptocurrency. New York-based Circle and some existing investors are looking to raise up to $624…

The crypto market reflected more gains than losses on Wednesday, May 28. Bitcoin price rose by under two percent in the last 24 hours on international exchanges. At the time of writing, BTC was trading at $108,898 (roughly Rs. 93.2 lakh) on global platforms. The most expensive crypto asset exceeded the mark of $111,500 (roughly…