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HSBC names RedCoin as its planned Hong Kong dollar stablecoin
HSBC has named its planned Hong Kong dollar stablecoin RedCoin. The bank plans a launch in Hong Kong, with payments in focus.
- HSBC named RedCoin as the official name of its planned Hong Kong dollar stablecoin.
- 74% of surveyed customers recognized at least one stablecoin use case.
- 60% correctly identified stablecoins as fiat-backed digital assets, 26% said they were government-issued.
Bitcoin rises above $85,000 on softer-than-expected August inflation data
CFTC sends White House two rules on event contracts as swaps
Stripe sets Open USD as default stablecoin for business payments
Cardano tests macro resistance as analyst cites nine-year compression
Cardano is trading around $0.25 as analyst Eric Van Tassel says ADA remains in a nine-year compression pattern, with rising support and a descending trendline from its 2021 peak.
Petrobras tests Cardano blockchain for low-carbon fuel tracking
Brazilian state-owned energy firm Petrobras is testing Cardano's blockchain for two low-carbon fuel tracking initiatives.
UK FCA opens crypto authorization applications for existing firms
The UK Financial Conduct Authority began accepting authorization applications from crypto firms. Existing firms that want to keep operating should apply by a February 2027 deadline.
Dutch government announces plan for capital gains tax from 2028
The Dutch government announced plans to introduce a capital gains tax starting in 2028, according to the reports. Crypto assets would be affected, changing how Dutch residents are taxed on their holdings.
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