Japan Prepares for Bitcoin ETFs with SBI and Franklin Templeton Partnership

by Theresa Joy Lacatan | Jul 27, 2024 | Blog News, Crypto News

As of 26 July 2024,  Japan is set to join the global trend of Bitcoin exchange-traded funds (ETFs) following the partnership between Japanese financial giant SBI Holdings and American investment powerhouse Franklin Templeton. According to a recent report by Nikkei...

SFC Alerts Public to Unlicensed Virtual Asset Trading Platform CoinUnited.io

by Theresa Joy Lacatan | Jul 27, 2024 | Blog News, Crypto News

On 25 July 2024, the Securities and Futures Commission (SFC) issued a stern warning to the public regarding an unlicensed virtual asset trading platform known as CoinUnited.io. The platform, which claims to provide trading services across a range of assets including...

Revolut Secures UK Banking License, Poised to Expand Services

by Theresa Joy Lacatan | Jul 25, 2024 | Blog News, Crypto News

Revolut announced on 20 July 2023 that it has received a preliminary banking license from the UK’s Prudential Regulation Authority (PRA), marking a significant milestone in the fintech firm’s journey. This approval, which follows a rigorous three-year application...

Bank of Ghana and Monetary Authority of Singapore Successfully Demonstrate E-Cedi in Cross-Border Transactions

by Theresa Joy Lacatan | Jul 25, 2024 | Blog News, Crypto News

On 24 July 2024, the Bank of Ghana (BoG) and the Monetary Authority of Singapore have completed a groundbreaking proof of concept (POC) demonstrating the viability of Ghana’s central bank digital currency (CBDC), the e-cedi, for cross-border payments. This...

Hong Kong Launches Asia’s First Inverse Bitcoin ETF Amidst Volatile Market Conditions

by Theresa Joy Lacatan | Jul 25, 2024 | Blog News, Crypto News

CSOP Asset Management on 22 July 2024 announced the launch of Asia’s first inverse Bitcoin exchange-traded fund (ETF), the CSOP Bitcoin Futures Daily (-1x) Inverse Product, set to debut on Hong Kong’s stock exchange on Tuesday. This innovative financial product...

Elon Musk Unveils World’s Most Powerful AI Training Cluster

by Theresa Joy Lacatan | Jul 25, 2024 | AI News, Blog News

Elon Musk’s venture, xAI, has commenced training its large language model (LLM), Grok, on what he claims is the world’s most powerful AI training cluster. On July 22, 2024, Musk announced that the Memphis Supercluster, located in Memphis, Tennessee, is equipped...