More foreign banks join China’s CBDC pilot trials
A total of four foreign banks have integrated China’s e-CNY CBDC thus far. Go to Source
Cryptocurrencies
Auto Added by WPeMatico
Bitcoin mining firm Phoenix Group delays share listing
Due to UAE’s National Day, Phoenix Group’s public trading launch on the Abu Dhabi Securities Exchange has been moved to Dec. 5, 2023. Go to Source
FTX failure reveals flaws in multifunction crypto-asset intermediaries — FSB
The Financial Stability Board suggested the crypto industry might still require additional regulatory measures to prevent another FTX-like situation at the hands of crypto service providers. Go to Source
Hong Kong authorities say 145 victims and $18.9M lost in Hounax scam
Authorities in Hong Kong confirmed there were 145 affected users scammed on the unlicensed crypto exchange Hounax, resulting in $18.9 million in lost funds. Go to Source
11th anniversary of Bitcoin’s first halving: from $12 to $37,000
Bitcoin experienced its first-ever halving 11 years ago today, and since then, its price has soared from $12 to its current price of $37,000. Go to Source
ARK offloads $5.2M in Coinbase stock amid 18-month high
Cathie Wood’s ARK Invest has sold another 43,956 Coinbase shares as the stock hits an 18-month high at $119.7 per share. Go to Source
Crypto exchange grace period to remain unchanged in Hong Kong despite scandals
The recent JPEX and Hounax exchange scandals have resulted in losses exceeding $100 million. Go to Source
Standard Chartered joins China’s CBDC pilot testing
The British bank will provide e-CNY CBDC services to clients and explore its future use in China’s financial system. Go to Source
Binance-linked HKVAEX still preparing to apply for license in Hong Kong
HKVAEX and VAEXC are different crypto platforms in Hong Kong and have nothing to do with each other, a HKVAEX representative said. Go to Source
OKX launches crypto exchange, wallet services in Brazil
The global cryptocurrency exchange and Web3 service provider launched a local exchange and Web3 wallet in Brazil as the country continues its competitive crypto streak. Go to Source