Blockchain adoption continues unabated —Bloomberg analyst

November 8, 2023 By Anjali Kochhar Over the past few years, blockchain adoption has continued “undoubtedly” in both bull and negative markets, according to Jamie Coutts, a Bloomberg analyst. According to predictions made by Jamie Coutts, an analyst at Bloomberg Intelligence, blockchain technology might have 100 million daily users by 2028 if the present rate […]

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Q&A: Manhar Garegrat, Country Head of India and Global Partnerships at Liminal, a custody solutions and wallet infrastructure provider

November 7, 2023 In an exclusive conversation with NFTMetta’s journalist Anjali Kochhar, Manhar Garegrat, Country Head of India and Global Partnerships at Liminal, talks about crypto market, DeFi and the future of the industry. 1. What do you think about the latest bull run in the crypto market? Is it backed by strong fundamentals? Ans.

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HSBC Advances Blockchain Efforts with Tokenised Treasury Transactions

November 6, 2023 By Anjali Kochhar HSBC Holdings, in collaboration with China-based Ant Group, has achieved a significant milestone in blockchain technology adoption. The banking giant successfully conducted test token deposits in intra-group treasury transactions, marking a pivotal step towards revolutionising transaction processes within its network. The test, conducted under the Hong Kong Monetary Authority’s

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Hong Kong Will Allow Some Tokenized Securities-Related Activities

November 6, 2023 By Sharan Kaur Phillora In a significant move towards embracing blockchain technology and virtual assets, Hong Kong’s Securities and Futures Commission (SFC) has provided guidelines to facilitate the primary dealing of tokenized securities, aligning with the region’s broader objective to establish itself as a virtual asset hub​.  Here’s what we know: The

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Hong Kong’s Steady Web3 Aspirations: Regulator Unveils 1st NFT Despite JPEX Setbacks

November 6, 2023 By Joe Pan In a significant move, the Hong Kong government has reinforced its commitment to becoming a Web3-friendly jurisdiction, building on the pivotal shift it made in 2022. The Hong Kong Monetary Authority (HKMA) recently unveiled its first-ever Non-Fungible Token (NFT) during the Hong Kong Fintech Week. This development comes amid

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Hong Kong’s HashKey launches first crypto trading app for retail investors, gives away new token

November 3, 2023 By Sharan Kaur Phillora In a bold move towards fostering crypto trading among retail investors, Hong Kong’s cryptocurrency firm, HashKey Group, has rolled out the first trading app sanctioned by the Securities and Futures Commission (SFC) since the JPEX scandal that stirred the local industry. Here’s what we know: This milestone is

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October noticed losses from cryptocurrency of $32.2 million, an overall lull: CertiK

November 3, 2023 By Anjali Kochhar Crypto crime does not appear to be trending downward, but in the Web3 community, a quiet month is definitely welcomed. October had a low point for Web3 theft so far this year, according to CertiK. The blockchain security firm confirmed losses from hacks, exploits, and scams totaled $32.2 million

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Kasikorn Bank of Thailand purchases the bulk of Satang cryptocurrency exchange

November 2, 2023 By Anjali Kochhar The lender, also referred to as K-bank, said that it would create three more cryptocurrency subsidiaries. In a report made on Monday to the Stock Exchange of Thailand, Kasikorn Bank of Thailand announced that it had purchased a 97% share in the parent company of the Satang cryptocurrency exchange.

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Visa published findings of e-HKD CBDC pilot with two leading banks for tokenised deposits

November 2, 2023 By Tsering Namgyal Digital payments leader Visa on Wednesday announced the findings of its CBDC (Central Bank Digital Currency) pilot test utilising tokenised deposits alongside HSBC and Hang Seng Bank. The pilot focused on simulating two use cases of interbank B2B payment flows — property payments and acquirer-merchant settlement, each tailored to

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