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According to a report from a pro-democracy group in Hong Kong, Paypal HK has reportedly stopped processing payments for the League of Social Democrats (LSD). The pro-democracy group said that they were “stunned” to hear the news, and they now have “one less way [to collect donations].” Paypal Reportedly Stops Servicing
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Earlier in the day, ADP’s Employment report on job creation in the private sector arrived hotter than expected as businesses created 208,000 jobs in September, versus consensus estimates for 200,000, and 12% higher than August's 185,000 total. And OPEC rocked energy markets by reducing oil production by two million barrels.
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The monetary authorities of four jurisdictions in Asia have carried out tests with international settlements using state-issued digital currencies. Cross-border payments and foreign exchange transactions totaling over $22 million were made as part of the pilot project with the participation of the Bank for International Settlements. Asian Central Banks Pilot
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Following the Bank of England explaining that it would be meddling in U.K. bond markets and the Bank of Japan defending the yen in the foreign exchange market last week, the Hong Kong Monetary Authority (HKMA) revealed it intervened in forex markets on Wednesday. Hong Kong’s central bank detailed that
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In July, HKUST announced a plan to build the world's first twin physical-virtual campuses in the metaverse, which will ease access to resources for all their students, who are split between the main physical campus in Hong Kong and another physical campus in Guangzhou, a metropolitan city in mainland China.
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The Hong Kong Monetary Authority (HKMA) plans to be trialling a central bank digital currency (CBDC) in the fourth quarter of this year, the South China Morning Post (SCMP) reported Tuesday. Source
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The move from Gate.io, which has an ecosystem that includes a cryptocurrency exchange, blockchain, decentralized finance and more, comes as the group is looking to expand globally and strengthen confidence in its operations. The license from the Registry for Trust and Company Service Providers follows a move into Malta in
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The Hong Kong University of Science and Technology (HKUST) announced to host the launch party of a virtual reality classroom over the Metaverse on September 1. The launch marks the commencement of HKUST’s plan to promote immersive learning by building a virtual campus in the Metaverse, to be called MetaHKUST.An
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The Hong Kong University of Science and Technology has announced plans to build an online-based metaverse campus called Metahkust. The institution will take its first step toward this goal by building a mixed virtual reality classroom that will allow students from other latitudes to attend classes like they were in
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There, Zhao took issue with the article’s portrayal of Binance as “sketchy” and with an anonymous quote from a trader that called Binance a “massive shitcoin casino.” These statements “were obviously designed to mislead readers into believing” that Zhao was breaking the law, the motion read. Source
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