Recently, KuCoin Ventures, the venture capital arm of cryptocurrency exchange KuCoin, led a $10 million round of financing for the stablecoin issuer behind CNHC. CNHC is a stablecoin pegged to the offshore Chinese yuan. KuCoin focuses on the Chinese market and is registered in Seychelles. CNHC is pegged 1:1 to Offshore Renminbi (CNH for short). …
At the G20 meeting in India, the world’s 20 largest economies announced after a three-day meeting that a comprehensive document jointly produced by the International Monetary Fund (IMF) and the Financial Stability Board (FSB) will form the basis for global cryptocurrency regulation. foundation, and said establishing a global regulatory framework for cryptocurrencies is a top …
The Fed released the latest meeting minutes yesterday. The directors agreed that the current inflation data is still too high compared to the long-term target of 2%, and the labor market is still quite tight. The cycle of rising wages and prices will have a negative impact on inflation. Certain pressure, although the growth of …
Fed meeting minutes released: terminal benchmark interest rate may be higher Read More »
In his speech on the 2023 budget delivered on the 22nd, Hong Kong Financial Secretary Chen Maobo mentioned that the Hong Kong government promised to allocate 50 million Hong Kong dollars to accelerate the development of Hong Kong’s Web3 ecosystem, including promoting the holding of large-scale international seminars and cross-sector business cooperation . Chen Maobo …
The Russian central bank plans to launch a test operation of digital ruble transactions between “real customers” in early April. A senior official of the bank confirmed the news to the Russian media and said that the Russian Monetary Authority will try the digital ruble for actual settlement, and more than a dozen banks will …
After surging more than 10% in the past 24 hours, Bitcoin broke through $24,700 to hit a 6-month high before falling back, with Binance Bitcoin’s 24-hour high at $24,914 and an Asian time opening of $24,328 on the 16th, the author wrote Times around $24,640. Bitcoin had dipped below $21,600 in the past few days, …
Cryptocurrencies are up across the board! Bitcoin hits 6-month high above $24,000 Read More »
Federal Reserve (Fed) Chairman Jerome Powell said this morning that U.S. inflation has begun to slow, but it will be a long and bumpy process to completely curb inflation, and if stronger economic data is seen, interest rates will It is still possible to rise above market expectations. A hawk-dove criss-cross speech caused violent fluctuations …
After the two-day monetary policy meeting, the Federal Reserve (Fed) announced that it would raise interest rates by 1 yard, which was in line with market expectations. Although the statement stated that it would continue to raise interest rates, Fed Chairman Jerome Powell admitted that inflation has begun to slow down. Encouraging the three major …
The Hong Kong Monetary Authority stated today (31) that it intends to develop a flexible, risk-based regulatory system for stablecoins, and expects to implement regulatory arrangements in 2023 or 2024. The Hong Kong Monetary Authority earlier released the consultation conclusion of the discussion paper on encrypted assets and stablecoins, recommending that stablecoin-related activities be brought …
Why does GBTC have a negative premium rate of nearly 50%? The recently leaked bankruptcy documents of Genesis, a cryptocurrency lending company, finally revealed some truths. According to the information, the main situation is summarized as follows: 1. Genesis promises to provide GBTC products to Earn users of the cryptocurrency exchange Gemini; 2. Genesis suspends …
