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Cryptocurrencies’ Fixed Supply Will Hinder Their Functionality as Actual Currencies, says UBS Economist
Paul Donovan, chief economist at UBS Global Wealth Management, believes that cryptocurrencies are flawed as their supply cannot be slashed when demand flops.
JPMorgan, UBS, and Goldman Sachs Back Polkadot (DOT) with an ETP Investment
As institutional investors enter the cryptocurrency scene, investor appetite may not be limited to Bitcoin and Ethereum.
Central Banks Doubt Cryptocurrency Limited Role in Reserve Operations
A survey conducted by UBS investment bank shows that central banks do not expect a cryptocurrency to replace gold as a digital reserve asset.
BOCI and UBS Partner to Issue First Tokenized Security in Hong Kong
BOCI, a leading Chinese financial institution, has issued the first tokenized security in Hong Kong, reaching a milestone in digital finance.
Telegram Unveils Star Reactions, Subscriptions, and Super Channels
Telegram celebrates its 11th anniversary with new features like Star Reactions, Subscriptions, and Super Channels to enhance user experience and support content creators.
Swift Partners with Chainlink for Blockchain Fund Processing
The financial services industry witnessed a seismic shift today as Swift, the global banking messaging network that processes over $5 trillion in daily transactions, announced a groundbreaking integration with Chainlink to enable traditional funds to execute transactions directly on blockchain networks.
Twitter introduces content creator subscriptions
Twitter now allows content creators to monetize their posts through subscriptions, offering exclusive content to paying followers. Creators can keep 97% of revenue up to $50,000, with a revenue split of 80% after. Twitter has partnered with Stripe to process payments and will use AI to combat misinformation.
Substack Plans to Start Accepting Bitcoin Payment for Digital Subscriptions
Online publishing platform Substack has announced plans to begin accepting Bitcoin for digital subscription payments.
UBS and OSL Pioneer Hong Kong's First Ethereum Tokenized Warrant
UBS AG, in collaboration with OSL Digital Securities, introduces Hong Kong's first tokenized warrant on the Ethereum blockchain, marking a landmark moment in financial innovation and blockchain adoption.
TIME Magazine to Start Accepting Cryptocurrencies as Subscription Payments
TIME Magazine has partnered with Crypto.com to roll out a crypto payment system for its magazine subscriptions.
BlockFi Records Data Breach on Hubspot of its Third-Party Vendor
BlockFi, an American cryptocurrency platform, has confirmed that some of its client’s data stored on Hubspot, a customer relationship management platform, have been compromised. The company emphasised that no user’s funds were stolen.
News Industry Grapples with Financial Woes and AI Disruption
The news industry faces declining advertising revenue, declining subscriber growth, and AI-driven disruptions, necessitating strategic shifts and legal disputes to adapt to digital advertising trends.