During the test, HSBC was connected to the blockchain platform developed by Ant Group and supported by Ant Group’s banking partners.
Category: Banks
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AI’ takes Collins dictionary word of the year, ‘debanking’ makes shortlist
The Collins dictionary named AI word of the year, describing AI-powered language models as “bursting into the public consciousness” and “much talked about” in 2023.
Standard Chartered-owned crypto platform Zodia launches in Hong Kong
Demand for crypto in Hong Kong is mainly driven by institutional investors rather than retail customers, Zodia CEO said.
Inspector General wants FDIC to refine crypto risk assessment process, guidance
The bank deposit insurer should assess the sufficiency of its risk mitigation measures and then provide them in a more organized manner, the inspector general found.
Banks’ crypto exposure must be disclosed: BIS’ Basel Committee
The proposed regulations are currently open to the public for comments and if approved they will come into effect by Jan. 1, 2025.
Scammers prefer banking customers over crypto investors in Ireland: Report
To date, Irish authorities managed to recover approximately 4 million euro of the 20 million euro that were lost in banking scams since January 2023.
Inflation and war impact markets, but Paul Tudor Jones says, ‘I love Bitcoin and gold’
Billionaire investor Paul Tudor Jones says he is bearish on U.S. stocks, and bullish on Bitcoin and gold.
Basel Committee to consider disclosure requirements for banks’ crypto assets
The committee already imposes a limit on crypto holdings in bank reserves, but the concentration of crypto in a small number of banks contributed to the March crisis, it said.
Brazil BTG Pactual bank buys Bitcoin-friendly brokerage Orama for $99M
BTG Pactual is known for launching cryptocurrency trading services for its customers and is also planning to launch its own stablecoin.
Class-action suit filed against Binance for alleged harm to FTX before its collapse
A California resident is suing Binance and its CEO for tweets last November that, according to allegations, led to the collapse of the rival exchange.