Chinese listed companies have already paid out a historic amount of dividends of 50.5 billion in advance of the Lunar New Year. The dividend is 348.8 billion yuan, the highest amount in the history of the company. The surge is an drastic increase of more than 20 percent unlike in the past years. Timing also
Gen Z Americans may be open to paying for dates with cryptocurrency, but most still aren’t putting digital coins where their hearts are, according to a January Pollfish survey commissioned by crypto exchange OKX. The poll of 1,000 US adults found that 13% of Gen Z respondents said they have paid for a date using
The U.S. budget deficit dropped to $95 billion in January. That’s a $34 billion decrease from the same month last year. The Treasury said this happened because income rose faster than spending, mostly helped by higher customs duties. When they adjusted the numbers for stuff like holidays and weekends, the deficit would’ve been just $30
The UAE is stepping up its digital finance ambitions as a new aed stablecoin gains regulatory approval and goes live on local blockchain infrastructure. Summary DDSC AED stablecoin by First Abu Dhabi Bank goes live Strategic role of DDSC in regulated digital payments Integration with $ADI Chain and institutional infrastructure The broader landscape of AED
Coinbase CEO Brian Armstrong has made headlines with another major COIN stock sell-off as the shares continue to fall. Extending a long streak of Coinbase stock sales over the past year, the CEO sold more than $100 million recently. While Armstrong still retains a massive stake in Coinbase, the timing and scale of his sales
A DePin company that has 3.5 million users and is currently raising for a Series A won this year’s PitchFest at Consensus Hong Kong. Hong Kong-based zkME Technology won the $20,000 prize after a grueling two-day event where competitors positioned their solutions as key for various problems in the crypto sector. “If DeFi really wants
Ark Invest bought $11.6 million worth of shares in cryptocurrency exchange Bullish (BLSH) on Wednesday, the ninth consecutive day the investment manager has added to its BLSH holdings. The St. Petersburg, Florida-based company bought 364,134 shares in Bullish, which is also the parent company of CoinDesk, across three of its exchange-traded funds (ETFs). BLSH closed
Solana wants to position itself as the execution layer for “internet capital markets” in Asia, or venues where users can issue, trade, borrow, lend, and settle assets online, 24/7, without needing a traditional exchange, bank or clearing house. At least, that was the position attendees and panelists at Solana’s Accelerate APAC event in Hong Kong
Stablecoin issuer Agant won registration as a cryptoasset business with the U.K.’s Financial Conduct Authority (FCA), marking a regulatory milestone as it prepares to introduce a pound-denominated stablecoin, the company said in a press release Wednesday. The registration, granted under the country’s money laundering regulations, positions the firm to issue GBPA, a fully backed sterling
OKX Ventures, the venture capital arm of the global cryptocurrency exchange, has made a strategic investment in STBL, a next-generation stablecoin and yield infrastructure provider. STBL, co-founded by Reeve Collins, who also co-founded Tether, and tokenization pioneer Avtar Sehra, also announced a partnership with Hamilton Lane (HLNE), an alternative-investment management firm, and Securitize, a regulated