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HSBC steers clear of Bitcoin due to “volatility”

An HSBC sign.

HSBC has confirmed it has no interest in getting involved with Bitcoin.

The bank has no plans to offer the cryptocurrency to clients due to its volatility and lack of transparency, according to HSBC chief executive Noel Quinn.

He said: “Given the volatility we are not into...

Guggenheim co-founder backing New York-based blockchain tower

Manhattan skyline.

Todd Morley, a co-founder of global investment firm Guggenheim Partners, has thrown his financial backing behind a new blockchain tower in midtown Manhattan, New York.

A wireless network that improves access to digital ledgers (a set of technologies that underpin digital currencies)...

Commerzbank completes successful blockchain-based payment test

Carsten Bittner, Divisional Board Member responsible for Technology Foundations at Commerzbank.

Germany-based Commerzbank has successfully completed a supply chain blockchain project along with chemicals firms, Evonik and BASF.

Together the companies tested a shared blockchain platform to efficiently handle bilateral supply chain processes between companies in a live...

How can cryptocurrency achieve mainstream adoption?

A pile of bitcoins.

Tesla founder Elon Musk ensured Bitcoin remained in the headlines this week, backtracking on comments he made that had suggested he might throw his support behind Dogecoin instead of Bitcoin.

During one of many recent Twitter spats, Musk tweeted: “Obnoxious threads like this make me...

Weekly NFT roundup May 12-18: K-League, Fox and CoinBurp

K-League partnership and Coppa Italia gets NFT treatment

The K-League, the top professional football league in South Korea, has announced a partnership with NFT developer Blueberry NFT.

As reported by Ledger Insights, the partnership, alongside the Korean Professional...