Chairman of the Hong Kong Institute of Accountants and Financial Reporting, Sun Deji, said that he expects the government to wait a little longer before publishing guidelines on how to audit stablecoins. Summary Accounting and Financial Reporting Council Chairman Sun Deji expects Hong Kong authorities will not rush its stablecoin audit guidelines. Sun Deji expects
Bitcoin’s core software has lowered the default minimum relay fee for transactions, marking one of the most significant changes in years to how cheap it is to move funds across the network. Bitcoin Core 29.1, released on Sept. 4, sets the default minimum relay fee rate to 100 satoshis per thousand virtual bytes (0.1 sats/vB),
The world of loyalty programs is undergoing a fascinating transformation, with major players like American Express now exploring the realm of Web3. For those interested in cryptocurrencies and innovative rewards, this move by American Express to launch an Amex Travel Token on Coinbase’s Base network is a development worth watching closely. What Exactly is the
Boundless, the zero-knowledge (ZK) compute marketplace incubated by RISC Zero, has officially launched its Mainnet on Base, giving every blockchain access to verifiable compute. The milestone builds on the network’s incentivized testnet, which went live in July and stress-tested Boundless’ architecture under real-world conditions. During that Beta phase, Boundless operated like a decentralized marketplace where
Helius Medical Technologies (HSDT) announced on Monday it’s raising more than $500 million in a private financing round to create a Solana-focused treasury company. The vehicle will hold SOL, the native token of the Solana blockchain, as its reserve asset and aims to expand to more than $1.25 billion via stock warrants tied to the
Crypto investment products reversed their recent outflow trends last week, with Bitcoin, Ether and Solana exchange-traded products (ETPs) recording significant inflows. Global crypto ETPs saw $3.3 billion in inflows last week, lifting overall assets under management (AUM) to $239 million, which nears the record high seen in August. Last month, crypto ETPs saw an all-time
Key Takeaways RocoMamas, a major South African fast food chain, now accepts Bitcoin Lightning payments at over 100 locations. The adoption of the Lightning Network allows for faster, cheaper Bitcoin transactions at the point of sale. South African fast food chain RocoMamas now accepts Bitcoin Lightning payments at over 100 locations across the country. The
Key Takeaways Elon Musk purchased more than 2.5 million shares of Tesla, as revealed by a regulatory filing. Specifics about the timing and price of the stock acquisition were not disclosed in the initial filing. Elon Musk purchased more than 2.5 million Tesla shares, according to a regulatory filing today. The Tesla chief executive officer’s
If you’re wondering why bitcoin’s (BTC) price is slipping for the past two hours, the possible culprit is pre-market trading on Wall Street, where shares of Nvidia (NVDA) have dropped nearly 3%. The losses follow an announcement by China’s market regulator that Nvidia allegedly violated the country’s anti-monopoly laws during its acquisition of Israeli networking