Search results for HashKey Group
Crypto
K Bank to cooperate with Hong Kong\'s HashKey Group on digital asset remittances and payments
K Bank will build an overseas digital asset remittance cooperation network linking South Korean blockchain firm BPMG and Hong Kong\'s HashKey Group. It plans to pursue a proof of concept for blockchain-based remittances between South Korea and Hong Kong and prepare internal controls such as customer identification and anti-money laundering measures in anticipation of institutionalisation and regulatory approval. The parties will also explore expanding services across Asia by linking with HashKey\'s remittance network.
Crypto
Possibility raised of Fed buying equity ETFs; could it lift cryptocurrencies?
An analysis said that if U.S. stocks enter a steep bear market, Federal Reserve market support could expand liquidity in cryptocurrency markets. Analysts cited the size of the U.S. stock market and political pressure to avoid a prolonged downturn. Eric Balchunas said the Fed could break with decades of precedent and buy equity ETFs. Market participants said Fed intervention could include rate cuts and balance-sheet expansion, though high inflation could limit immediate action.
Crypto
U.S. inflation above 4 percent adds downside pressure on bitcoin and gold
U.S. consumer price inflation rose above 4 percent in May, raising the prospect that bitcoin and gold could face more pressure this year, a report said. The 4.2 percent annual gain weakened expectations for Federal Reserve rate cuts and prompted some to discuss the possibility of a rate hike within the year. Analysts cited real rates and limited liquidity as key factors, while CME futures implied a 98.4 percent chance rates stay unchanged at the June 17 FOMC meeting.
