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HSBC and Wells Fargo have signed a strategic agreement to use a settlement ledger powered by blockchain technology when undertaking foreign exchange (FX) transactions. This move is deemed a stepping stone towards minimizing settlement risk. In a statement, Mark Jones, co-head of Macro, Wells Fargo Corporate & Investment Bank, welcomed this move and said:

A major “fat finger” transaction error in the growing blockchain world took place over the weekend with a Bored Ape Yacht Club (BAYC) NFT mistakenly listed for 0.75 ETH (worth approximately $3,000) instead of 75 ETH (worth over $300,000). CNET interviewed the owner of the NFT named Max who explained that the buyer was smart

The Switzerland franchise of Spanish banking giant BBVA has added Ethereum trading and custody to its digital currency investment portfolio. According to an update from the bank, the Ethereum service is open to its private customers with a New Gen Account and will be able to manage both Bitcoin and Ethereum through the account. The

NFT platform RTFKT Studios, which integrates reality into fashion and games, announced on its official Twitter account on December 13 that it has been successfully acquired by sports brand giant Nike.  The specific terms of the transaction have not been announced to the public. Founded in 2020, creator of virtual sneakers and collectables RTFKT is a

Whales of Ethereum (ETH) have taken advantage of the retracement happening in the market by accumulating more coins. Lex Moskovski, the CIO of Moskovski Capital, explained: “ETH supply held by 1K – 10K accounts has surged. $4M – $40M ultrasound whales ramped up their positions.”   Ethereum’s price was hovering around $3,793 during intraday

The Bank of Russia has issued new rules for the mutual funds operating their businesses in the country, banning mutual funds investment in cryptocurrencies.      On Monday, December 13, the country’s major financial regulator published an official statement on regulating investment opportunities by mutual investment funds. As a result, the agency banned mutual funds from