Blockchain & crypto news from India
Hong Kong’s digital banks are facing a crucial juncture. Despite their presence in the market, they only command a small share of the financial industry, holding a mere 0.3% of the total assets held by retail banks. This indicates a significant opportunity for growth and expansion in the digital banking sector. One of the significant…
The launch of spot Bitcoin exchange-traded funds (ETFs) in the United States was a highly-anticipated event in the world of cryptocurrency. Following their introduction, many investors were eager to see how these ETFs would perform in the market. However, replicating the success of these ETFs has proved to be a challenge, as Hong Kong’s new…
There’s new speculation going around the collaboration between the Hong Kong data centre and the Ethiopian government. This collaboration is taking a turn towards Bitcoin mining and other related activities. A memorandum of understanding has been signed between Data Centre Service, a Hong Kong West data subsidiary and Ethiopian Investment Holdings. Ethiopia and West Data…
The crypto industry is bracing itself for more regulations following the collapse of FTX, hacking and scams and the unabating popularity of the new world of money. The UK has indicated that it wants to be seen as a hub of innovation when it comes to cryptocurrencies and blockchain, and is expected to work out…
Crypto exchange Huobi has release its 2022-23 market report, “Global Crypto Industry Overview and Trends”. Two major highlights of the report are Asia dominating in terms of crypto user base, and the popularity of NFT on search engines. Major highlights & stats of crypto industry in 2022 The total number of “crypto users” globally are…
The open-source, non-crypto based Spartan blockchain network of China has recently onboarded several banks from Hong Kong. A press release shared with the media and reports from CoinDesk reveal that more than 10 banks have been onboarded, including HSBC, Maxim and Emperor Group. The Spartan blockchain does not employ cryptocurrencies. This is considered to be…
A digital asset exchange based in Hong Kong, crypto.com has started issuing Visa crypto cards for its users in Brazil. The firm said that users receiving and applying for cards won’t be charged any annual, monthly, or ATM withdrawal fees. As opposed to normal Visa cards that provide a line of credit, these crypto Visa…
This Friday, on July 9th, 2021, International auction house Sotheby’s will accept payment in Ether or Bitcoin at the sale of a 101.38-carat diamond. This event will mark another milestone in the adoption of crypto. The name of the colorless diamond – Key 10138 – is predetermined to represent the important roles that keys occupy…
Today digital skills have become significant especially to stay redundant at a time when tech is dominating most industries. Millions of workers worldwide also got displaced due to the novel Coronavirus. According to a report, emerging subjects like artificial intelligence, machine learning, deep learning and computer programming have become the top online courses preferred by…