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HSBC Will Not Expand Its Business into Bitcoin Because of High Volatility of Crypto May 25 2021 · 11:51 UTC by Mercy Tukiya Mutanya · 2 min read Photo: FORTUNE Global Forum / Flickr Share this article You have successfully joined our subscriber list. The stance of HSBC is opposing to the stance of other major financial institutions like UBS, Morgan Stanley and Goldman Sachs Europe’s largest bank HSBC has revealed that it will not be launching a crypto trading desk. Citing volatility, HSBC Chief Executive Noel Quinn added that the bank would not be offering crypto assets as investment ...

Binance App Introduces Hotels Category to Binance Marketplace May 25 2021 · 08:55 UTC | Updated May 25 2021 · 13:38 by Mercy Tukiya Mutanya · 2 min read Photo: Unsplash You have successfully joined our subscriber list. The contactless cryptocurrency payment technology of Binance Pay presently accepts transactions in more than 30 digital assets. On Monday, May 24, Binance added a new category – Hotels – to its Marketplace. Users of the Binance App can now book hotel rooms and pay for them in crypto via Binance Pay.  A statement on the Binance website reads: “Users can seamlessly...

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The United States Federal Reserve (Fed) has announced that it plans to issue a paper discussing the potential issuance of a digital dollar.

You have successfully joined our subscriber list. Experts believe that the crypto market crash is bad for Coinbase business and might deter potential customers. Coinbase Global Inc (NASDAQ: COIN) share prices took a nose-dive on Wednesday. In what was generally a bad day for crypto, the crypto exchange’s stock was down 6% to $219.16 per share as markets opened. This was 8% less than its April 14 $250 market debut reference price. Wednesday’s total cryptocurrency market value was down a fourth at $1.57T in a period of just 24 hours. Top cryptocurrencies Bitcoin and Ether we’re not spared...