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China Opens Shanghai Digital Yuan Hub for Cross-Border, Blockchain Services

China has launched a new digital yuan operations center in Shanghai aimed at enhancing cross-border payments, blockchain services, and digital asset platforms. This initiative, reported by the state-run Xinhua News Agency, is part of the broader strategy to promote the digital yuan's role in global finance and facilitate

Here’s what happened in crypto today

Today in crypto, Hashdex has added XRP, Solana, and Stellar to its US crypto index ETF following new SEC listing standards. The ETF now features five cryptocurrencies, including Bitcoin and Ether, and trades under the ticker NCIQ. The SEC's recent rule change aims to streamline the ETF approval

HSBC Claims Quantum Breakthrough, Should Crypto Holders Be Alarmed?

HSBC recently announced a significant advancement in algorithmic trading through the application of quantum computing. Their researchers successfully tested a quantum computer in algorithmic bond trading, achieving a 34% improvement in predicting bond prices and the chances of filling orders without slippage. Philip Intallura, the head of quantum technologies at

KuCoin Faces $14M Canadian Action in Registration, Money Laundering Controls Dispute

KuCoin is appealing a substantial penalty issued by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) for failing to properly register and not reporting suspicious transactions potentially linked to money laundering and terrorist financing. The exchange, operating as Peken Global Limited, faces a fine exceeding $19 million CAD

What a shortcut for ETF approvals could mean for crypto

The SEC's recent approval of new listing standards for commodity-based trust shares signals a potential acceleration in the launch of spot crypto ETFs. Experts like Bloomberg's James Seyffart view this as a positive step towards increased ETF offerings in the crypto market, particularly benefiting from clearer

AI Doomer Still Starving During Week Four of Anthropic Hunger Strike

Guido Reichstadter has been on a hunger strike outside Anthropic's San Francisco headquarters for 24 days, protesting against the perceived dangers of advanced AI. He demands that Anthropic, led by CEO Dario Amodei, recognize the existential risks associated with superintelligent AI and halt its development. Reichstadter has consumed

Cloudflare plans ‘NET dollar’ stablecoin to power AI-driven payments

Cloudflare has announced its entry into the digital asset market with the NET dollar, a US dollar-backed stablecoin aimed at supporting instant transactions by AI agents. The stablecoin is designed for programmatic payments, enabling tasks such as purchasing flights or ordering goods automatically. Matthew Prince, Cloudflare's CEO, envisions