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Alibaba’s Plan to Digitize the Services Industry to Rival Tencent Involves Blockchain

Alibaba’s Plan to Digitize the Services Industry to Rival Tencent Involves Blockchain

Alibaba subsidiary Ant Group CEO Simon Hu is accelerating Alipay’s progression into an online mall for commerce, food, travel services to rival Tencent Holdings Ltd.

HSBC Successfully Executes First Blockchain Letter of Credit in Malaysia

HSBC Successfully Executes First Blockchain Letter of Credit in Malaysia

HSBC announced its successful execution of a pilot live blockchain letter of credit (LC) transaction in Malaysia on Oct. 14.

1 Billion People Using Bitcoin in the next 4 Years Puts Price North of $500k, says 10T Holdings Co-Founder

1 Billion People Using Bitcoin in the next 4 Years Puts Price North of $500k, says 10T Holdings Co-Founder

With a projection of 1 billion people using BTC in the next four years, Dan Tapiero, the co-founder of digital asset firm 10T Holdings, believes this trend will push Bitcoin’s price above $500,000.

Galaxy Digital Capital Management Launches Bitcoin Funds While Making Bakkt and Fidelity Custodians

Galaxy Digital Capital Management Launches Bitcoin Funds While Making Bakkt and Fidelity Custodians

Galaxy Digital Capital Management LP, an affiliate of Galaxy Digital Holdings Ltd, issued two Bitcoin funds with Bakkt and Fidelity Digital Assets as custodians for the funds, while Bloomberg L.P will be the pricing agent.

Bitcoin Price Needs to Stay Above This Support Level in Order to Hit a New All-Time High as Whales Decline

Bitcoin Price Needs to Stay Above This Support Level in Order to Hit a New All-Time High as Whales Decline

Cryptocurrency analytics firm Santiment noted that the number of Bitcoin wallets with different amounts of holdings have seen a change this month.

IRS Sends Warning Letters to Prevent Crypto Owners from Evading Tax

IRS Sends Warning Letters to Prevent Crypto Owners from Evading Tax

The Internal Revenue Service began sending warning letters out to cryptocurrency owners in the United States, announcing that taxpayers should be paying back taxes they owe or to file amended tax returns in regards to their cryptocurrency holdings.

Libra Association Appoints Former HSBC Executive Ian Jenkins As CRO and CFO Of Payment Systems

Libra Association Appoints Former HSBC Executive Ian Jenkins As CRO and CFO Of Payment Systems

Libra Association has announced the appointment of former HSBC executive Ian Jenkins as chief risk officer and chief financial officer of Libra Networks.

Senior Worker at Bithumb Triggered Hacking Vulnerability

Senior Worker at Bithumb Triggered Hacking Vulnerability

A senior worker at Bithumb, a leading South Korean crypto exchange, is in a tight spot after a Korean court discovered that he is liable for web safety legislation breaches. As a result, his misdeeds made the crypto exchange vulnerable to a 2017 hack that led to the loss of cryptocurrency holdings worth $6 million USD.

OKG Holdings Says OKEx Founder Investigation Won't Impact Business, OKB Price Plunges Further

OKG Holdings Says OKEx Founder Investigation Won't Impact Business, OKB Price Plunges Further

OKG Technology Holdings Limited has announced that operations won't be affected, despite the PRC investigation into controlling shareholder and OKEx Founder Star Xu.

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