News list for " banking"
Swiss banking giant UBS, which manages $5.70 trillion in assets, has tested its UBS Key4 Gold offering on Ethereum's Layer-2 network ZKSync to explore scaling and privacy solutions.
The head of global digital asset research at Standard Chartered expects that the uncertainty that created resistance to the cryptocurrency rally has subsided, with bitcoin prices likely to reach as high as...
On January 27th, Geoffrey Kendrick, head of foreign exchange and digital asset research at Standard Chartered, released the latest market analysis, pointing out that the correlation between bitcoin and the Nasdaq index is significantly higher than that with gold. AI startup DeepSeek released a low-cost R1 model comparable to OpenAI, causing the Nasdaq futures to fall by 3.3%, triggering a large-scale liquidation in the cryptocurrency market....
Investment bank KBW released a research report covering the three major bitcoin mining companies Bitdeer (BTDR), CleanSpark (CLSK) and Core Scientific (CORZ) for the first time, all of which were given "outperform" ratings. KBW gave the three companies a target price of $26.50, $19 and $22 respectively. KBW believes that in addition to the mining business, Bitdeer also has a growing ASIC manufacturing department and AI/HPC Cloud as a Service Platform; CleanSpark has the most efficient mining equ...
Hang Seng Bank has jointly launched a number of blockchain-related proof-of-concept projects and solutions with members of the Cyberport community. According to Li Wenlong, Director of Strategy and Corporate Development and Director of the Chief Executive Officer's Office, Hang Seng Bank has completed several blockchain proof-of-concept projects, including the development of the Central Bank Digital Currency (CBDC) application research, identity verification education information station, commun...
Class A shares bank plate intraday continued to be active, Industrial and Commercial Bank of China, Bank of China rose more than 2%, Qilu Bank intraday rose nearly 5%, Jiangsu Bank rose nearly 2% continued to hit a record high, Hua Xia Bank, Shanghai Rural Commercial Bank, Qingdao Bank, Shanghai Pudong Development Bank and so on up.
On January 24, Cynthia Lummis, chair of the Senate Banking Subcommittee on Digital Assets, posted on social media: "As we learn of the severity and injustice of Chokepoint 2.0, I will work closely with FDIC Vice Chairperson Travis Hill to end this attack on digital assets."
Notice of the People's Bank of China on the Public Solicitation of Comments on the Administrative Measures for Reporting Cyber Security Incidents in the Business Field of the People's Bank of China (exposure draft).
According to The Block, investment bank TD Cowen released a research report that the new head of the Securities Exchange Commission (SEC) Crypto Task Force, Hester Peirce, will expire in June 2025, which may affect the continuity of the task force. SEC Acting Chairperson Mark Uyeda announced the establishment of the task force the day after Trump's inauguration, with the aim of developing a comprehensive regulatory framework for the crypto industry. Jaret Seiberg, head of TD Cowen's Washington r...
The 119th U.S. Senate Subcommittee on Banking Digital Assets will focus on the following two areas: 1. Promote bipartisan digital asset legislation that promotes responsible innovation and protects consumers, including market structure, stablecoins, and strategic bitcoin reserves. Stringent oversight of federal financial regulators to ensure that they are acting in accordance with the law and that incidents like "Operation Chokepoint 2.0" do not happen again.
Geoff Kendrick, global head of digital asset research at Standard Chartered, said inflows from institutional investors could drive up the price of bitcoin and ethereum, which are expected to reach $200,000 and $10,000, respectively, by the end of 2025. He expects institutional inflows into bitcoin in 2025 to exceed 2024 levels, with new money likely to come from long-term investment funds such as pension funds. At the same time, he pointed out that institutional inflows could dampen the strength...
According to Standard Chartered analysis, the weakening of long momentum in the cryptocurrency market and the possibility of a deeper correction reflect growing frustration with the lack of new policy announcements.
Bank of Communications Hong Kong Branch recently issued a US $300 million unsecured floating rate digital bond with a maturity of three years. This is the first digital native bond of Bank of China, issued using the HSBC Orion digital asset platform and cleared through the Hong Kong Central Securities Depository (CMU). Moody's has given the bond a preliminary A2 rating, equivalent to a traditional bond issue, despite its negative outlook on China's sovereign rating. Moody's believes that the ris...
US Inflation vs. Federal Reserve Rates: Summary of Investment Bank Expectations 2025
Standard Chartered-backed Zodia Custody has partnered with Kiln to expand staking services, and its customers can now access and receive ETH, SOL, DOT, ADA, and BNB staking services.
7x24 Newsflash
Hot News
