Friday, March 29, 2024
Home > Pressures

Hong Kong govt pressures banking giants to accept crypto clients: Report

The Hong Kong Monetary Authority (HKMA), which serves as the region's central bank and regulator, has reportedly put pressure on major banks including HSBC and Standard Chartered to accept crypto exchanges as clients.According to a June 15 report from the Financial Times, which cited three sources familiar with the matter,

Read More

Bitcoin ‘untouchable’ amid regulatory pressures, says analyst

Bitcoin (BTC) is "untouchable" despite ongoing regulatory pressures in the crypto sector and those who don't have some crypto exposure are "seriously silly" according to Bloomberg's senior commodity strategist Mike McGlone. During an April 3 stream with crypto podcaster Scott Melker, McGlone argued that unlike other cryptocurrencies such as Ether (ETH),

Read More

S&P Global downgrades Coinbase credit rating for weak Q2 earnings, competitive pressures

Major American cryptocurrency exchange Coinbase saw its long-term issuer credit rating downgraded from BB+ to BB status by rating agency S&P Global following its latest earnings report this year.The agency confirmed the downgrade in a note on Thursday, pointing toward Coinbase’s weaker performance in the second quarter of 2022 as

Read More