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Secured Lending Application Selected for HKMA’s Inaugural e-HKD Pilot Programme for Retail Central Bank Digital Currency (CBDC) Assessment

The Hong Kong Monetary Authority (HKMA) has selected a secured lending application of e-HKD for the inaugural e-HKD pilot programme The proposed solution is led by Boston Consulting Group (BCG), HKT Payment Limited and ZA Bank, who will partner with paywith.glass and Venture Smart Financial Holdings Limited (VSFG) as a consortium during the pilot The e-HKD Pilot Programme is in line with HKMA’s three-rail approach, announced in […]

US Debt Ceiling Programme Of President Joe Biden Is Beset With Contradictions

By Prabhat Patnaik Under pressure from globalised finance capital, most countries of the world have enacted legislation fixing the size of the fiscal deficit as a proportion of GDP; generally it is 3 percent, and in India it is 3 per cent for the centre and 3 per cent for the states. The US however […]

The post US Debt Ceiling Programme Of President Joe Biden Is Beset With Contradictions first appeared on IPA Newspack.

US Banking System Faultlines And High Debts Give Lifeline To Bitcoin

By Arun Kumar Shrivastav Hedge fund manager and macroeconomic expert Hugh Hendry has raised concerns about the US banking system and the American economy as a whole. In a recent interview with Bloomberg Markets, Hendry warned that mass panic and capital flight from the US banking sector are justified given the decline in the M2 […]

The post US Banking System Faultlines And High Debts Give Lifeline To Bitcoin first appeared on IPA Newspack.

Impending US debt default?

Dr. Imran Khalid As US President Joe Biden prepares to reengage in negotiations with House Speaker Kevin McCarthy and other influential Republicans on the critical issue of the debt ceiling to find common ground amidst a landscape riddled with challenges, constitutional experts warn of the potential ramifications should the they fail to forge an agreement on this matter. The stakes are high. Inaction or an impasse in […]

Xapo Bank Expands its Stablecoin Payment Rails, Becoming The First Licensed Bank To Enable Both USDC and USDT Deposits and Withdrawals

Xapo Bank highlights a strong appetite since enabling USDC deposits in November, receiving $48 Million in USDC deposits and enabling $4.5M in USDC withdrawals since the function went live in March* BANGKOK, THAILAND – Media OutReach – 18 May 2023 – Xapo Bank, a fully licensed private bank that combines traditional banking with access to Bitcoin and stablecoins, has become the first bank in the world to […]

Sudan Tests The Limits Of Middle Eastern De-Escalation, Dollar Diplomacy

By James M Dorsey With Saudi-hosted talks to end Sudan fighting producing minimal results and Arab states supporting rival forces, de-escalation in the Middle East faces a major test. So does Gulf states’ ability to employ dollar diplomacy to persuade poorer Arab brethren to align with the policies of countries like Saudi Arabia and the […]

The post Sudan Tests The Limits Of Middle Eastern De-Escalation, Dollar Diplomacy first appeared on IPA Newspack.

Sri Lankan Economy Has Started Picking Up With Rise In Tourism And Remittances

By Arun Kumar Shrivastav Sri Lanka is still grappling with an unprecedented economic crisis, and is expected to witness a contraction in its economic growth in 2023. The country’s economy already contracted by 7.8% in 2022 and is projected to shrink by an additional 3% this year. The challenges are related to debt restructuring and […]

The post Sri Lankan Economy Has Started Picking Up With Rise In Tourism And Remittances first appeared on IPA Newspack.

BingX CEX lists Milady Meme Coin and others on its trading platform

SINGAPORE – Media OutReach – 16 May 2023 – BingX, one of the leading cryptocurrency exchanges, has been making waves in the market with its proactive approach to partnering with reputable meme coin projects. The platform has successfully listed several highly regarded meme coins, including FOUR Coin, MILADY Coin and PIZABRC Coin, providing users with exciting trading opportunities. Meme coins have gained significant popularity in recent days […]

Xapo Bank Expands its Stablecoin Payment Rails, Becoming The First Licensed Bank To Enable Tether Deposits and Withdrawals

Xapo Bank highlights strong appetite since enabling USDC deposits in November, receiving $48 Million in USDC deposits and enabling $4.5M in USDC withdrawals since the function went live in March* BANGKOK, THAILAND – Media OutReach – 16 May 2023 – Xapo Bank, a fully licensed private bank that combines traditional banking with access to Bitcoin and stablecoins, has become the first bank in the world to integrate […]

Bybit’s User Base Booms, Exceeds 15 Million with a 50% Increase in Mere Months

DUBAI, UNITED ARAB EMIRATES – Media OutReach – 10 May 2023 – Bybit, the world’s third most visited crypto exchange, announced a 50% increase in its global user base, growing from 10 million users in Q3, 2022 to 15 million to date. Bybit has released next-level products to create a winning streak — just like the Oracle Red Bull Racing car showpiece in its new Dubai office. […]

Another major Dubai crypto scam unearthed

Arabian Post Staff Thanks to several initiatives by the UAE government, the cryptocurrency industry has recorded exponential growth in the emirate. Dubai has been promoting itself as a global centre for crypto assets, leading to the establishment of the biggest crypto exchange platforms.  In April 2022, Bybit announced it was relocating its headquarters from Singapore to Dubai and crypto.com is creating a regional hub in Dubai. In […]

BingX Shifts focuses on Layer 2 Tokens listings

SINGAPORE – Media OutReach – 12 May 2023 – BingX, one of the leading cryptocurrency exchanges, has announced a strategic shift in focus to Layer 2 tokens listings. The decision was made in response to the growing demand for Layer 2 solutions and the need to enhance the overall trading experience for its users. The move comes at a time of extreme congestion on blockchain networks, which […]

Bybit Revs Up Its Sponsorship Game: Backing Safehouse Racegraph in Lamborghini Super Trofeo Asia

DUBAI, UNITED ARAB EMIRATES – Media OutReach – 11 May 2023 – Bybit, the world’s third most visited crypto exchange, is proud to announce its official sponsorship of the Safehouse Racegraph Lamborghini team for Super Trofeo in Asia. This partnership is a thrilling new step for Bybit, as it continues to accelerate toward the future of finance. With this sponsorship, Bybit will be supporting Safehouse Racegraph’s quest […]

USDToch Unveils On-Chain Lending Ecosystem for DeFi 2.0

NEW YORK, US – Media OutReach – 12 May 2023 – USDToch provides a lending solution for DeFi 2.0. Building on the existing enhanced capital utilization enabled by over-collateralized lending, it further enhances the investment returns on the staking side. It also plans to introduce traditional assets into the DeFi lending system in the form of RWA soon. Lending is one of the oldest economic activities in […]

Emirates group announces record profit

Arabian Post Staff Emirates group announced record profits in its 2022-23 annual report, along with a complete turnaround from its loss position last year. Both Emirates and dnata saw significant revenue increases in 2022-23 as the group expanded its air transport and travel-related operations following the removal of nearly all pandemic-related restrictions around the world. For the financial year ended 31 March 2023, the group posted a […]

BingX CEX listed $PEPE, A Meme coin and Looks to List More

SINGAPORE – Media OutReach – 11 May 2023 – BingX, one of the leading cryptocurrency exchange, has listed $PEPE, one of the most popular meme coins in the market, and is actively seeking to list more meme coins in the future. This decision is a strategic move to take advantage of the hype and growing interest in meme-based cryptocurrency projects. Unlike decentralized exchanges (DEX), centralized exchanges (CEX) […]

Afghanistan Joining China’s BRI Programme Is A Big Diplomatic Defeat For India

By Sushil Kutty “Brotherly neighbours” China and Pakistan have been joined by Afghanistan to pin down India on CPEC. Foreign Ministers of the three countries met in Islamabad on the heels of the SCO foreign ministers meeting in Goa. The Pakistan-China-Afghanistan nexus should worry the so-called Hindu nationalist government of Prime Minister Narendra Modi. That […]

The post Afghanistan Joining China’s BRI Programme Is A Big Diplomatic Defeat For India first appeared on IPA Newspack.

Trouble In India, Russia Talks On Rupee Trade Mostly The Result Of Posturing

By K Raveendran A reported impasse in the use of rupee for trade between India and Russia is seen more as posturing rather than a failure of the arrangement as both sides cannot manage without each other in the context of the prevailing global political situation. There have been reports that India and Russia have […]

The post Trouble In India, Russia Talks On Rupee Trade Mostly The Result Of Posturing first appeared on IPA Newspack.

BingX Supports $GALA Coin Upgrade on 15th May 2023

SINGAPORE – Media OutReach – 4 May 2023 – BingX, the cryptocurrency exchange, has announced its support for the upcoming token upgrade and drop by Gala Games. The Gala Games ecosystem will soon release its updated token, GALA(v2), which is expected to improve the security, scalability, and sustainability of their platform. To prepare for the coin upgrade, BingX will suspend the deposits and withdrawals of GALA on […]

Landmark Joins the Ranks of Singapore’s Top Regulated Payment Institutions with Latest Authorization from the Monetary Authority of Singapore

SINGAPORE – Media OutReach – 4 May 2023 – Landmark Commerce Pte. Ltd. (hereinafter referred to as “Landmark”), is a wholly-owned subsidiary of the KVB Global Capital Group and has recently commenced its operations in Singapore after acquiring a Major Payment Institution (MPI) license from the Monetary Authority of Singapore. Singapore enterprises now have access to Landmark’s comprehensive set of worldwide payment solutions that comprise global account […]

BingX Takes Up Research for BRC-20 Coins Listing

SINGAPORE – Media OutReach – 5 May 2023 – BingX, one of the leading cryptocurrency exchange, is pleased to announce that it has initiated research on BRC-20, an emerging token standard on blockchain. The recent popularity of the BRC-20 token standard of Bitcoin, particularly after the recent rise of the memecoin, has resulted in the creation of over 8,000 unique tokens using the BRC-20 standard, with the […]

Latest Crypto News: Bitcoin Association Moves To Washington DC, Securities Token …

Ukraine War And US, EU Sanctions Leading To Loss Of US Dollar’s Global Dominance

By Subrata Majumder A new landscape in currency dominance in global market is taking shape, with US dollar losing pre-eminence and Chinese yuan gaining steam. According to a IMF survey, dollar share in central bank foreign exchange reserves declined from 71 percent in 1999 to 59 percent in 2021. This resulted in steady decline in […]

The post Ukraine War And US, EU Sanctions Leading To Loss Of US Dollar’s Global Dominance first appeared on IPA Newspack.

Bitkub CEO Jirayut (Topp) Srupsrisopa Speaks to Xapo’s Bank Maverick Podcast on Blockchain, Democratising Finance and Bitcoin in Southeast Asia

BANGKOK, THAILAND – Media OutReach – 2 May 2023 – Xapo Bank, the world’s first international private bank to combine traditional banking with Bitcoin, has welcomed Jirayut (Topp) Srupsrisopa as a guest on its Maverick podcast to share his thoughts on the evolution and future of blockchain, crypto and decentralised finance in Southeast Asia. The episode is available now via Xapo Bank’s website. The Mavericks podcast series […]