JPMorgan Chase partners with six major Indian banks to launch a blockchain-based platform for settling interbank dollar transactions, aiming to enhance efficiency and expedite transactions. The pilot project utilizing JPMorgan’s Onyx platform is scheduled to start on Monday.
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Resurrecting FTX Exchange: A Chance for Redemption or Repeating a Catastrophe?
“Sino Global Capital pursues legal action against the now-defunct crypto exchange FTX, seeking $67.3 million linked to the Liquid Value fund. Though Sino’s direct financial vulnerability was moderate, the impact was notable. Talks about FTX’s revival, aimed at offshore clients, are gaining industry support despite potential risks.”
Hong Kong’s Rising Crypto Hub Status: Impact on US Firms and Asian Markets
Hong Kong is increasingly attracting cryptocurrency firms like Circle due to its focus on becoming a center for digital assets markets and stablecoins amid US regulatory crackdowns. Investors must conduct thorough research and stay informed about regulatory updates to make safer financial choices in this evolving landscape.
FOMC Meeting Impact on Bitcoin: Price Predictions and Breakout Opportunities
Traders and investors await the upcoming FOMC meeting and Fed Rate announcement, which can significantly impact the cryptocurrency market, particularly Bitcoin and Ethereum. Recent analysis introduces an innovative method to examine the Bitcoin network’s hash power using nonce patterns, while the leading cryptocurrency faces resistance at the $26,250 level and finds support around $25,500.