The largest bank in Hong Kong, HSBC, now offers a new class of services based on cryptocurrencies, according to local reporter Colin Wu. According to local reporter Colin Wu, the Hong Kong and Shanghai Banking Corporation (HSBC) offers services based on cryptocurrencies. With this, the largest financial entity in the Chinese province would have given […]
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Financier Peter Schiff commented on the rise of Bitcoin (BTC) in the second half of June. In his opinion, the rally is coming to an end, so a fall in the value of the cryptocurrency is expected soon. Peter Schiff has made similar statements before; for example, in August 2022, he predicted a collapse of […]
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J.P. Morgan has recently activated the settlement of payments in euros with its new currency JPM Coin. JP Morgan made its first Blockchain transaction for its corporate clients in Europe, using its own token. Said JPM Coin transaction was executed by Siemens AG, a major conglomerate based in Germany, and was denominated in euros on […]
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On June 20, Japan’s National Tax Agency published a partial revision of its corporate tax guidelines. They include a new set of rules for digital token issuers that remove previous taxes on unrealized profits from crypto assets issued by companies. The new tax rules would “make it easier for cryptocurrency-related companies to do business in […]
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This past week, Bitcoin Whales maintained a currency trading volume of over 450,000 bitcoins. Cryptocurrency whales are individuals or organizations that hold a large amount of currency or a collection of non-fungible tokens. This week, the large Bitcoin holders, or whales, kept roughly the same trading volume shown in the previous week’s report. However, the […]
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