BITCOIN

Banking giant HSBC has begun letting customers buy and sell bitcoin and ethereum exchange-traded funds (ETFs) that are listed on the Hong Kong stock exchange (HKEX) using its mobile apps. The stock exchange currently has three crypto futures ETFs listed. HSBC Customers Can Trade Crypto Futures ETFs Using Mobile Apps Banking giant HSBC has reportedly begun allowing customers to buy and sell bitcoin and ethereum exchange-traded funds (ETFs) listed on the Hong Kong stock exchange (HKEX) through its mobile apps. Chinese reporter Colin Wu tweeted Monday: HSBC, the largest bank in Hong Kong, today allows its customers to buy and sell bitcoin and ethereum ETFs listed on the Hong Kong exchange, and is also the first bank in Hong Kong to allow it. The move will expand local users’ exposure to cryptocurrencies in Hong Kong. Wu further noted that HSBC has launched “Virtual Asset Investor Education Centre,” emphasizing: “Investors need to read and confirm the educational materials and risk

Over 500 companies in Argentina have reportedly requested to pay for imports using Chinese yuan as the U.S. dollar shortage worsens. “The central bank doesn’t have dollars so it needs the emergency aid China is offering,” a trade economist in Buenos Aires explained. Chinese Yuan Usage Hits Record High in Argentina The Argentine customs agency has revealed that over 500 companies in Argentina, spanning various industries such as electronics, auto parts, textiles, oil, and mining, have requested to use Chinese yuan for import payments, Bloomberg reported Friday. As the scarcity of U.S. dollars persists in Argentina, the use of the Chinese yuan has reached an all-time high in the country. According to officials from the country’s central bank, import payments authorized in the Chinese currency have amounted to $2.9 billion. Marcelo Elizondo, a trade economist in Buenos Aires, explained: The central bank doesn’t have dollars so it needs the emergency aid China is offering … For Argen

A North Korean analyst has cautioned that the actions taken by the U.S. to restrict the usage of the dollar and the growing interest of countries to join the BRICS bloc are “accelerating” the decline of the USD as the world’s dominant currency. North Korean State Media on De-Dollarization and the BRICS North Korea’s state media, the Korean Central News Agency (KCNA), published an article Sunday titled “Expansion of BRICS is an inevitable result of the present unfair international economic order.” The article is authored by Jong Il Hyon, an international affairs analyst of the DPRK. He explained that the primary driving force behind numerous countries joining the BRICS bloc is “the present unfair and unreasonable international economic order” that centers around the U.S.-led international monetary system built upon the dollar. Jong added that the U.S. established the Bretton Woods system in July 1944 with the dollar as the international standard currency after accumulating a vast a

Following the spending of 50 bitcoins from 2010 on June 15, after more than 12 years of dormancy, approximately 11 days later, another group of dormant wallets created in 2010 transferred 100 bitcoins worth just over $3 million for the first time in well over a decade. 2023 Records 8 Block Rewards From 2010 Spent, 2 Occured on Monday, June 26 So far this year, a total of eight block rewards from the 2010 era have been transferred out of wallets for the first time in more than 12 years. Two of them occurred on Monday, June 26, 2023, after the blockchain parser Btcparser.com detected the movements. Both block rewards were obtained on July 12, 2010, suggesting that the two block subsidies were owned by the same individual. The first transaction was confirmed at block height 795,936, and the owner sent 49 BTC to a single address, while the remaining 0.99 BTC was transferred to another address. Both of those wallets remain idle and have not spent the bitcoin. The second transfer was