According to Kaiko, although South Korean traders have traditionally preferred counterfeit products (which account for about 80% of the market share in the local platform), bitcoin has attracted a lot of safe-haven inflows during the recent political turmoil. On Upbit and Bithumb, the cumulative volume increment (CVD) of the BTC won trading pair has shown a significant increase.
Robinhood CEO Vlad Tenev predicts that stocks and other traditional financial (TradFi) assets will eventually move to the blockchain like cryptocurrencies. He said that the use of blockchain technology can improve efficiency, so the adoption of blockchain technology in the traditional financial industry is inevitable. In addition, he also predicted that US President-elect Donald Trump and his administration will enact policies to accelerate the transfer of stocks, private companies, and real-wor...
Societe Generale Bank pointed out that gold is gradually returning to this traditional relationship, and short-term weakness in this range presents buying opportunities for bargains, while the long-term outlook remains generally optimistic. However, it is necessary to be vigilant against this major downside risk.
The European Union recently released a report exploring the potential of permissionless blockchains in traditional finance (TradFi). The report argues that permissionless blockchains should at least be seen as an option for traditional finance and financial marekt infrastructure, but with caution. The report argues that such blockchains can be more neutral than private blockchains.
Brazil's central bank is preparing to open the cryptocurrency market to traditional Financial Institutions Groups, which will be able to do business in the sector with clarity after the upcoming regulations are enacted. Small cryptocurrency startups may face the challenge of regulating their situation as the framework will impose high thresholds.
On November 4th, traditional financial giants Citibank and Fidelity Investments have developed a proof-of-concept for digital foreign exchange (FX) swaps to trade in on-chain money market funds (MMFs). The proof-of-concept will be showcased at the Singapore Fintech Festival from November 6th to 8th, demonstrating how investors can settle multi-asset positions in real time. It will also enable the...
Recently, US bond yields have risen with gold, and the traditional negative correlation seems to be decoupled again. How can we explain the recent strength of gold?
Montenegro's Constitutional Court on October 18 suspended the extradition of Do Kwon, the former founder and CEO of Terraform Labs. The day before, Montenegro's Ministry of Justice said it had made a decision on Kwon's extradition and promised to publish the decision on October 20. But the court said it would suspend the extradition proceedings until a ruling on Do Kwon's appeal is made.
OSL has deepened its cooperation with traditional Financial Institution Groups such as Huaxia Harvest, and provided innovative digital asset solutions for Financial Institution Groups. OSL said that deepening cooperation with Financial Institution Groups in the future is its core strategy, and will promote the digital transformation of the financial industry through continuous communication, and create a new era of efficient and transparent financial services.
Montenegro's Supreme Court has ruled that South Korea and the United States have met the conditions for the extradition of Terraform Labs co-founder Do Kwon, and the case has now been referred to the justice minister for decision. Kwon, who faces US-South Korean charges for his alleged involvement in the 2022 Terra collapse, was arrested in Montenegro last year and sentenced to four months for using forged documents. His legal status since his release is unknown. In the United States, a jury has...
In traditional Chinese philosophy, there is an important concept that "if the moon gains, you will lose money, and if you fulfill the precepts".
According to Singapore's Lianhe Zaobao, MasterCard is planning to do away with traditional credit card numbers and adopt "tokenization" technology to combat online fraud. This technology replaces sensitive data such as credit card numbers with randomly generated sequences of numbers (tokens)...
According to Bitcoin Magazine, Italian traditional bank Banca Sella is now offering bitcoin services on its banking platform.
Elon Musk wrote on X that almost all traditional media will report on Trump's live interview today, so that the total number of listeners may exceed 200 million.
On August 11, the opinions of the Central Committee of the Communist Party of China and the State Council on accelerating the comprehensive green transformation of economic and social development mentioned promoting the green and low-carbon transformation and upgrading of traditional industries. Vigorously promote the green and low-carbon transformation of steel, non-ferrous metals, petrochemicals, chemicals, building materials, paper, printing and dyeing and other industries, promote energy-sav...