By Ateev Bhandari, Atharva Singh and Hannah Lang (Reuters) -Cryptocurrency exchange operator Bullish was valued at about $13.16 billion after its shares more than doubled in their NYSE debut on Wednesday, underscoring investor confidence in the sector and lifting prospects for future U.S. listings by other digital asset firms. The parent of crypto news website…
Hong Kong’s stablecoins ordinance, which took effect on Friday, puts cryptocurrency’s most-traded cash substitute under the same regulatory framework as banks, triggering a rush for a limited number of licences from the Hong Kong Monetary Authority (HKMA). Some market observers were caught by surprise after learning that the first batch of stablecoin licences was only…
The Hong Kong Monetary Authority (HKMA) is likely to issue the first batch of stablecoin licences early next year, as the city’s de-facto central bank urged potential issuers to submit their applications by the end of September. Ahead of the stablecoin ordinance taking effect on August 1, the HKMA unveiled on Tuesday licensing procedures and…
Hong Kong lawmakers passed a law on Wednesday that establishes a regulatory regime for stablecoins, paving the way for issuers to obtain licences and sell the digital assets to the public. A stablecoin is a type of cryptocurrency that is pegged to a specific reserve asset, such as the US dollar or any fiat currency….
Hong Kong lawmakers passed a law on Wednesday that establishes a regulatory regime for stablecoins, paving the way for issuers to obtain licences and sell the digital assets to the public. A stablecoin is a type of cryptocurrency that is pegged to a specific reserve asset, such as the US dollar or any fiat currency….
Bitcoin climbed above $93,000 to set a new all-time high. (Photo by Marco Bello/Getty Images) Getty Images Bitcoin prices rose sharply on Wednesday, November 13, blowing past the $90,000 level and setting a new record as the digital currency benefited from rising demand. The world’s most prominent cryptocurrency, which had a total market value of…
Bitcoin prices neared the $90,000 price level today. getty Bitcoin prices continued their sharp, upward trajectory on Monday, November 11, approaching $90,000 as the world’s most prominent digital currency attained its latest all-time high. The cryptocurrency, which has been generating substantial visibility and widespread headlines for several years now, reached $89,600, according to Coinbase data…