SEC Grants DoubleZero Clearance, Clarifying Rules for Blockchain Projects

The post Korea’s Woori Bank Displaying Bitcoin Price in Its Trading Room appeared on BitcoinEthereumNews.com. Key Notes Woori Bank makes a crucial statement by demonstrating Bitcoin prices in its Seoul dealing room. This marks further integration of TradFi and crypto and a significant advancement in the firm’s crypto push. Hana Financial Group and Dunamu signed an agreement to introduce blockchain technology to services such as overseas remittances. On Dec. 5, South Korean multinational financial institution Woori Bank announced that it had begun to display the prices of Bitcoin BTC $91 264 24h volatility: 2.3% Market cap: $1.82 T Vol. 24h: $44.61 B in its main trading room in Seoul. It included won-dollar exchange rates and stock market data alongside. Woori Bank Demonstrates Crypto Interest The trading room is a meeting place for market makers, where frontline trading of foreign exchange, bonds, and derivatives takes place. An official of the bank noted that the initiative is in response to the growing prominence of crypto. “As digital assets continue to grow in prominence and influence in global financial markets, we determined that they should be monitored as a key indicator to better read overall market trends,” the Woori Bank official stated. Interestingly, the financial ecosystem has been seeing a subtle push towards the integration of the Traditional Finance (TradFi) system and digital asset markets. There have been quite a number of alliances set to spark such integrations. Recently, American crypto exchange Kraken signed a strategic partnership deal with Deutsche Börse to bridge TradFi and crypto. Together, they intend to engage in trading, custody, settlement, collateral management, and tokenized assets. Similarly, Hana Financial Group and Dunamu signed an agreement recently to introduce blockchain technology to services such as overseas remittances. Woori Bank is yet to hint at an alliance with a crypto company, but its announcement signals deep interest in the digital asset world. Spot Crypto ETFs Bridges…

The storm systems also killed about 200 people in southern Thailand and Malaysia