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ZA Bank is also looking to offer services to Web3 crypto startups, a sector widely underserved by the banking space. Hong Kong is giving a major push to crypto adoption just at a time when US regulators have initiated a strong crackdown on crypto companies. In the latest development, Hong Kong’s
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ZA Bank, Hong Kong’s biggest virtual bank by assets is reportedly set to provide crypto account services and facilitate crypto-to-fiat exchanges.According to an April 12 Bloomberg report, the bank will act as a settlement bank to allow token deposits at licensed exchanges to be withdrawn in Hong Kong dollars, Chinese
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"During periods of heightened activity, conversions rely on USD transfers from the banks that clear during normal banking hours," Coinbase said in its tweet announcing the conversion pause. "When banks open on Monday, we plan to re-commence conversions." Original Source
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Circle, the company behind the issuance of USDC Coin (USDC) said recent events have caused it to miscalculate its financial projections — referring to the collapse of FTX and a decision by rival exchange Binance.In September, crypto exchange Binance announced it will auto-convert USDC to its own stablecoin Binance USD (BUSD), last
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The new OpenNode app will launch on the Stripe App Marketplace in coming weeks. Original Source
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