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Technology Updates

Hong Kong
2026-07-08 14:40:17

Hong Kong Grants First Stablecoin Licences to HSBC, Standard Chartered Consortium

Hong Kong's HKMA grants first stablecoin licenses to HSBC and Standard Chartered-led consortium, advancing digital asset hub plans. Strict rules including full reserves, $3.19M capital, and 1-day redemption. HSBC to launch HKD stablecoin in H2 2026, targeting payments and cross-border finance.

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Hong Kong Grants First Stablecoin Licences to HSBC, Standard Chartered Consortium
bitcoin minin
2026-07-08 14:34:15

NYDIG in Advanced Talks to Buy Alcoa's Massena Smelter for Bitcoin Mining

NYDIG is nearing the acquisition of Alcoa's idle Massena East aluminum smelter in New York, a 435 MW hydropower site already hosting ~54,000 bitcoin miners. The deal is expected to close by mid-2026, marking another major expansion for the mining infrastructure firm.

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NYDIG in Advanced Talks to Buy Alcoa's Massena Smelter for Bitcoin Mining