dYdX and Pocket Pro Bot have launched a social-first integration that lets users create wallets and trade perpetuals with their friends directly inside Telegram group chats. From the earliest Bitcoin forums to today’s group chats, crypto has always thrived in online communities, and Telegram, nearing a billion users worldwide, has become one of the busiest meeting grounds. Conversations there…
Qatar National Bank Group (QNB), one of the Middle East’s largest banks, has adopted JPMorgan’s blockchain platform, Kinexys, to process corporate payments in Qatar, according to a Monday Bloomberg report. The switch marks a departure from the constraints of traditional banking infrastructure, where cross-border payments are limited to weekdays and can take days to complete….
Establishing a national Bitcoin strategic reserve may create negative market impacts for BTC and the US dollar, according to Haider Rafique, global managing partner for government and investor relations at crypto exchange OKX. Rafique told Cointelegraph that any government holding significant portions of the BTC supply could manipulate prices by dumping its holdings onto the market, thereby…
Hong Kong-Shanghai Banking Corporation (HSBC), an international banking giant, announced the first successful test of quantum computing in a trading application on Thursday. Researchers at HSBC used a quantum computer processor as part of their algorithmic trading process, a method of trading that uses pre-defined rules to execute transactions, to find the likelihood of filling over-the-counter (OTC) bond orders…
Fabian Dori, the chief investment officer at digital asset bank Sygnum, says that banks offering crypto-backed loans prefer crypto collateral in the form of onchain assets rather than exchange-traded funds (ETFs), and using onchain collateral can benefit borrowers. Dori said that onchain assets are more liquid, allowing lenders to execute margin calls for crypto-backed loans on demand…
Asset manager WisdomTree launched its Private Credit and Alternative Income Digital Fund (CRDT), a tokenized private credit vehicle, amid an uptick in firms expanding into the tokenized private credit niche and other tokenized real-world assets (RWAs). The fund will include credit extended to private corporations, loans made to real estate investment trusts (REITs), which are funds…