FINANCE
HKMA Reports Decrease in Composite Interest Rate for May 2024
Hong Kong Monetary Authority announces a 4 basis point decrease in the composite interest rate for May 2024, reflecting lower weighted funding costs.
NVIDIA Grace Hopper Superchip Boosts Murex MX.3 Performance, Enhances Energy Efficiency
NVIDIA's Grace Hopper Superchip improves Murex MX.3 analytics and reduces power usage.
Hong Kong Monetary Authority to Issue Renminbi Sovereign Bonds
HKMA announces issuance of Renminbi Sovereign Bonds through its Central Moneymarkets Unit.
Europe Embraces Instant Payments: Ripple Insights
Europe is experiencing an accelerated shift towards instant payments, with entities like the EC striving to build a resilient financial infrastructure.
ChatGPT in Finance: A New Era of Ethical Considerations and Solutions
ChatGPT is revolutionizing the finance sector, bringing innovative applications and ethical challenges. This article explores its uses, the ethical concerns it raises, and potential solutions for a responsible future in finance.
G20 Discusses Crypto Regulations Under India Presidency
G20 members reviewed technological advancements and dangers during the FMCBG conference on Feb. 24–25.
The DeFi space is on a path of steady recovery as good actors
Yearn.finance, MakerDAO, SushiSwap, and Aave were among 30 protocols engaged.
UK Watchdog Proposes Tougher Advertising Rules
If the UK Government approves the FCA's plan, crypto businesses from abroad may have to meet additional conditions to advertise to UK clients.
Secret Network Validator Smart Stake to Shut Down Nodes
Smart Stake will no longer provide validator services to the Secret Network in light of an internal leadership conflict and transparency concerns.
Binance CEO Warns Traditional Institutions Against Reducing Exposure to Crypto
Investors steadily recovering from 2022 backed CZ's long-term bet on crypto sceptics.
5% Global Business Transactions Expected to Utilize Blockchain Technology by 2028: SkyQuest
At least 5% of worldwide business transactions are expected to utilize blockchain technology by 2028, thanks to heightened activity in the fintech blockchain market, according to a report by research firm SkyQuest.
Lido Launches Layer-2 Ethereum Staking And 150,000 LDO Tokens In Rewards
Lido is now live on layer-2 solutions, Arbitrum, and Optimism, and would allocate 150,000 LDO tokens in rewards per month from Oct 7 for wstETH across each network.
Crypto Popularity to Spur Growth in Blockchain-Powered Banking, Financial Services
The surging use of cryptocurrencies is expected to enhance the development of blockchain in the banking and financial services market, according to The Business Research Company.
Blockchain in Fintech Sector Expected to Hit $31.4B by 2030
Blockchain in the FinTech market is anticipated to reach $31.4 billion by 2030, given that the penetration of this cutting-edge technology in the financial industry has boosted app-based operations.
Celsius Network Slashes 25% of its Workforce amid Potential Insolvency
Celsius Network’s woes continue to deepen because the crypto lending company has reduced its workforce by 150 employees, including those based in Israel.