Bitcoin Gains 53% Since Last Year’s Fourth of July Bitcoin has seen significant growth over the past year, with its value increasing by 53.42% since last year’s Fourth of July. On July 4, 2022, Bitcoin was trading at $20,230, and today it stands…
Crypto Loans: Bitget’s Entry into the Cryptocurrency Loan Sector Key Points: – Bitget aims to attract users dissatisfied with traditional credit institutions by offering a cryptocurrency loan product. – The Crypto Loans product allows users to stake one digital asset as collateral and…
Three Arrows Capital Founders to Donate Profits to Creditors The co-founders of Three Arrows Capital (3AC), Kyle Davies and Su Zhu, have announced that they will donate a portion of the profits from their latest venture, Open Exchange (OPNX), to the creditors who…
The Co-Founders of Three Arrows Capital Commit to Donating Future Earnings to Creditors The co-founders of the collapsed crypto hedge fund, Three Arrows Capital (3AC), have announced their commitment to donating funds to creditors who suffered losses during the fund’s collapse in 2022.…
Top 5 crypto market cap giants to ‘keep an eye on’ Bitcoin’s social dominance has skyrocketed, but other major altcoins are also worth paying attention to. Here are the key points: – Ethereum, Cardano, XRP, Binance Coin, and other cryptocurrencies have been flying…
Hong Kong Government Urged to Issue HKDG Stablecoin for Digital Economy According to TKWW, key figures including HKUST Vice-President suggest that the Hong Kong government should issue its own stablecoin, referred to as HKDG, as a strategic move to bolster the city’s digital…
The UK Financial Conduct Authority Takes Big Four Banks to Task for Low Savings Rates The UK Financial Conduct Authority (FCA) has publicly criticized HSBC, Natwest, Barclays, and Lloyds for offering extremely low savings rates to their customers. Despite the recent increase in…
UK Finance’s Recommendation for Digital Pound Holdings Earlier this year, the Bank of England and the UK finance ministry proposed the idea of a central bank digital currency (CBDC) to avoid reliance on tech and banking giants. UK Finance, an organization representing UK-based…
Current CBDC models not a viable cash equivalent for daily transactions According to Fadi Aboualfa, head of research at crypto brokerage Copper, the current models of central bank digital currencies (CBDCs) are not suitable as a replacement for cash in daily transactions. Aboualfa…