Web3 Diaries-HK Launches Blockchain Based Platform
Blockchain technology is being used to modernize the Stock Connect system of the Hong Kong Stock Exchange, which connects Hong Kong’s stock markets with those in mainland China.
In order to conduct post-trade workflows and lower settlement risk, smart contracts will be included into the improved Stock Connect, codenamed Synapse, according to a press statement.
Bitcoin Miner Marathon, Riot, CleanSpark Increase BTC Output In September
The share prices of bitcoin miners Marathon Digital, Riot Platforms, and CleanSpark saw a little uptick on October 4 as a result of robust September output growth.
Despite Bitcoin’s price (BTC) seeing another month of sideways movement and remaining stuck between the $25,100 and $28,500 level, the company’s balance sheets also improved.
Marathon Digital, a bitcoin mining company, generated 1,242 BTC in total in September, a significant 245% rise over September 2022 and a 16% increase from August.
DBS Is Patiently Wading Into Crypto
Singapore-based DBS Bank, a regional banking behemoth, holds all three licenses required to let clients buy traditional securities using stablecoins. But it isn’t doing so yet, even as competitors move ahead.
The only other entity that holds all three licenses in Singapore, MetaComp, the first to let their clients pay for securities with their crypto holdings – albeit by first converting the stablecoin to fiat.
Marina Bay Sands headquartered banking behemoth’s digital assets head Evy Theunis when asked why DBS hadn’t entered this crypto triathlon said, it’s still winter, we have been swimming.
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