In a press release, the HKMA said that using certain banking terms may be misleading the public, causing users to think that the crypto firms are authorized banks in Hong Kong. However, the central bank highlighted that under the region’s banking laws, only licensed institutions are allowed to carry out banking or deposit-taking businesses in Hong Kong. Continue Reading on Coin Telegraph More
The lowest point for the month was on Sep. 9, when trading activity totaled $2.97 million. This is a significant drop compared to Sep. 17, 2022, when its trading volume was around $230 million. Continue Reading on Coin Telegraph More
It is possible to substantially bolster the security of your funds by heeding three simple guidelines that will be outlined in this article. But before delving into these, it’s crucial to understand the type of threat that exists today. Continue Reading on Coin Telegraph More
During a panel moderated by Cointelegraph’s editor-in-chief, Kristina Lucrezia Cornèr, at the Swiss Web3 Fest, industry experts provided insights into how tokenization can be applied to real-world assets and how it enables solutions never seen before. Continue Reading on Coin Telegraph More
First off, the term “transaction volume” can be a bit misleading. In case, a large chunk of network activity in the past year came from Ordinals — a protocol that allows satoshis in the blockchain to be assigned a unique identifier and transacted with extra data like images, for example. The protocol conducts high-frequency transactions. So, while the sheer volume of transactions is impressive, it is not necessarily indicative of widespread retail use or adoption.Now, why is it tricky to compare Visa and crypto networks like Bitcoin in terms of transactions? Well, Visa is a centralized payment system that has been around for decades, fine-tuned for consumer transactions. Bitcoin, on the other hand, is a decentralized network where transactions can represent anything from a coffee purchase to a multi-million-dollar asset transfer. The two are fundamentally different beasts, each with its own set of rules, limitations and use cases.That said, surpassing Visa in transaction volume is still a momentous occasion. It is a testament to the growing influence of decentralized networks. It also raises questions about what the financial landscape could look like in the future. Could decentralized networks one day become the norm, rendering centralized systems obsolete?As for now, full adoption of decentralized payments is not going as smoothly as crypto enthusiasts would expect. El Salvador’s experiment has clearly shown numerous weaknesses and issues the general population faces when interacting with digital payments.This article was originally published on U.Today More
On Sept. 14, the layer-2 blockchain hit 1.88 million transactions, surpassing its previous record of 1.41 million transactions on Aug. 21 — the month when the network was launched. The layer-2 network surpassed other rival chains like Optimism and Arbitrum, which had a combined 878,000 transactions for the day. Continue Reading on Coin Telegraph More
In a Sept. 15 X ( formerly Twitter) thread, 3LAU revealed that he stepped away from Friend.tech after “understanding more of the risks.” Continue Reading on Coin Telegraph More
According to a Sept. 16 Bloomberg report, the three high-profile individuals have entered proposed agreements, however the settlement terms were not disclosed.Continue Reading on Coin Telegraph More
