Crypto news

Crypto custody solution Zodia Custody, partly owned by the UK multinational banking institution Standard Chartered, is expanding its services to Hong Hong Kong as part of its latest push into the Asian market. Meanwhile, Hong Kong continues to serve as a major attraction for crypto companies looking to set up businesses in a cryptocurrency-friendly environment. Zodia Custody Taps Into Hong Kong Market Amid Institutional Demand According to CNBC, Zodia Custody’s entry into...

TL;DR XRP’s Potential Rise: XRP surpassed $0.56 with predictions of reaching $0.66 soon, while another bullish forecast sees it hitting $220, though this requires a massive market cap increase. Comparison with BTC: Discussions suggest XRP might outpace BTC in 2024, especially if Ripple succeeds against the SEC. ChatGPT’s Insights: AI predicts positive momentum for both XRP (with a Ripple SEC win) and BTC, driven by regulatory developments like a US Bitcoin ETF approval....

BitMEX has made a strategic decision to enhance the utilization of Bitcoin block space and minimize withdrawal fees for its users. In a significant update, effective November 1, 2023, BitMEX will issue new Bitcoin deposit addresses to all its customers. BitMEX Reissues Bitcoin Deposit Addresses BitMEX has recently unveiled a significant update aimed at optimizing the use of Bitcoin block space and reducing withdrawal fees for its users. According to an October 30...

The United Kingdom is set to implement new regulations allowing authorized financial firms to work with overseas stablecoins. The new regulatory framework will be supervised by the Bank of England, the Financial Conduct Authority (FCA), and the Payment Systems Regulator (PSR) with a focus on minimizing potential risks and ensuring customer protection. UK to Permit FCA Authorized Firms to Collaborate with Oversees Stablecoins According to the UK Stablecoins Regulation, the UK...

The deployment of the 24,000 chips should be completed by February 2024. Voltage Park, a nonprofit organization founded by billionaire Jed McCaleb, has acquired approximately 24,000 Nvidia H100 chips for approximately $500 million. According to The Business Time, the organization plans to lease AI computing power at a low cost to address the shortage of these chips. Eric Park, CEO of Voltage, stated: “The current ecosystem for machine learning is fundamentally flawed.” Therefore, the...

Web3 domain service provider – Unstoppable Domains – has announced foraying the .com Namespace allowing users to purchase “.com” addresses. The decision to enter the world’s most popular type of traditional web2 top-level domain (TLD), which boasts over 157 million registrations through its website, aligns with its recent expansion efforts. Expansion According to the official press release shared with CryptoPotato, Unstoppable Domains has become the first player in the...

NEOM is set to pump $50 million into Animoca Brands as Animoca supports the region’s Web 3.0 and tech goals as part of Saud’s 2030 vision. Hong Kong-based game developer and venture capital company Animoca Brands Corporation Ltd has announced a strategic partnership with Saudi Arabia’s NEOM Investment Fund. The two entities are collaborating to further the Saudi Vision 2030 plan, with Animoca Brands providing Web3 services and handling related initiatives. NEOM is a region in Saudi...

The G7’s AI Code of Conduct emerges at a time when governments worldwide are grappling with the transformative power of AI. The Group of Seven (G7) industrial countries, consisting of Canada, France, Germany, Italy, Japan, Britain, the United States, and the European Union is set to make a significant stride in the Artificial Intelligence (AI) development space. As of October 30, G7 nations are expected to agree upon a comprehensive AI code of conduct, a crucial framework designed to guide...

The countries created a policymaking group to further the asset tokenization tests and help with navigating legal and compliance concerns. Government agencies in multiple countries are collaborating on asset tokenization tests with real-world assets. In a Monday announcement from the Monetary Authority of Singapore (MAS), regulators in Japan, Switzerland, Singapore, and the UK are all working on tokenization pilots in foreign exchange, fixed income, and asset management products. The...

The idea to turn X into a multifaceted financial hub with dating features comes shortly after Musk unveiled new subscription plans for the social media platform. In a recent virtual conference commemorating the first anniversary of Elon Musk‘s acquisition of the social media platform Twitter, now rebranded as X, the billionaire tech mogul unveiled intriguing plans for the future of the platform. According to a Business Insider report citing people familiar with the matter, Musk plans to...