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Shuhei Yoshida warns of the dangers of subscription services for video game developers, as I stare soullessly at the five monthly bank charges for games I don't play
Game Updates

Shuhei Yoshida warns of the dangers of subscription services for video game developers, as I stare soullessly at the five monthly bank charges for games I don’t play

by admin May 29, 2025


Speaking to Game Developer, former head of Sony Interactive Entertainment Shuhei Yoshida has outlined his concern regarding video game subscription services like Xbox Game Pass and PlayStation Plus, especially their potential impact on third party and indie developers alike.

According to Game Developer, who spoke to Yoshida at Gamescom LATAM, he stated that it was “great” for those developers allowed inside what the website called the walled garden, but mused that as these services inevitably expand, it’ll be harder for those outside this in-group to cross over.


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Yoshida stated, “If the only way for people to play games is through subscriptions that’s really dangerous, because what [type] of games can be created will be dictated by the owner of the subscription services […] That’s really, really risky because there always must always be fresh new ideas tried by small developers that create the next wave of development. But if the big companies dictate what games can be created, I don’t think that will advance the industry.”

Yoshida, obviously a tad biased as a former senior member of Team Sony, would go on to say that PlayStation’s approach was “healthier” than what you see on Xbox. This relates to Microsoft’s initial pledge to offer AAA releases day-one on Game Pass, something the company now no longer does for all its biggest releases.

Yoshida continued: “I believe the way Sony approached [subscriptions] is healthier. You know, not to overpromise and to allow people to spend money to buy the new games […] After a couple of years there won’t be many people willing to buy those games at that initial price, so they’ll be added to the subscription service and there’ll be more people to try [those products] in time for the next game in the franchise to come out.”

Speaking purely from my own personal perspective, I do feel that the growth of video game subscription services like Game Pass and PlayStation Plus has devalued big AAA when they come out, especially as the price of those games has increased significantly as of late. I can totally see how a regular consumer would just grab Game Pass and not buy any games full price, which adds merit to Yoshida’s point as this new group of non-buyers wouldn’t be spending on both big AAA releases and third party games outside of these services.

It’s an interesting topic for sure, let us know whether you feel Shuhei Yoshida is on the money down below!



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May 29, 2025 0 comments
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GameFi Guides

Bank of Russia Says Qualified Investors Can Now Access Crypto Derivatives

by admin May 29, 2025



In brief

  • The Bank of Russia announced that financial institutions can now offer crypto-linked derivatives to qualified investors.
  • These instruments must be “non-deliverable,” meaning investors cannot actually own the underlying cryptocurrencies like Bitcoin or Ethereum.
  • This policy change represents Russia’s evolving approach to cryptocurrency following international sanctions after the Ukraine invasion.

The Bank of Russia said Wednesday that financial institutions may offer crypto-linked derivatives to qualified investors, marking a cautious yet significant step towards regulated crypto exposure in the country.

“Financial institutions may offer qualified investors financial derivatives, securities, and digital financial assets whose yields are linked to cryptocurrency prices,” the central bank said in a statement.

The instruments must be “non-deliverable,” meaning they cannot result in the actual ownership of crypto assets such as Bitcoin (BTC) or Ethereum (ETH). It’s similar to the restrictions that U.S.-based crypto ETFs have faced on offering in-kind redemptions.

The bank urged a “conservative approach” to these offerings, calling for full capital coverage and individual exposure limits, while repeating its longstanding warning against direct investment in cryptos.

The move is the latest in a series of policy steps aimed at developing Russia’s domestic crypto infrastructure without compromising its control.

In 2020, the Bank of Russia barred mutual funds and brokers from offering crypto-exposed products, citing volatility, fraud risks, and systemic threats.



The regulator has long viewed crypto, decentralized and unbacked, as incompatible with national monetary policy.

Things began to shift after Russia’s invasion of Ukraine in 2022 triggered sanctions.

Isolated from global finance, Russian officials began exploring how crypto could enable international settlements and preserve liquidity.

The legal walls around crypto in Russia began to crack last August, when Putin signed a law permitting registered crypto miners to operate, formally regulating an industry long kept in legal limbo.

In March, the Bank of Russia floated a proposal to allow “particularly qualified” investors, those with over $1.1 million (100 million rubles) in assets or annual incomes exceeding $550,000 (50 million rubles), to participate in a limited three-year crypto trial.

By April, Russian officials had advanced plans for a state-backed crypto exchange, according to local outlet RBC.

Finance Minister Anton Siluanov publicly backed the platform, which will operate under an experimental legal regime.

Access will be limited to “super-qualified” investors, with requirements still under review.

Edited by Stacy Elliott.

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May 29, 2025 0 comments
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Crypto Trends

Bank of Korea Exploring Using ‘Stablecoins Issued by the Private Sector’

by admin May 27, 2025



In brief

  • The Bank of Korea is considering issuing deposit tokens on a public blockchain to coexist with private stablecoins.
  • $19.5 billion worth of stablecoins left South Korea in Q1 2025, prompting calls for a won-backed alternative.
  • Tech design isn’t enough to safeguard sovereignty, pointing to the need for sound fiscal policy, according to industry experts.

The Bank of Korea is considering linking its deposit tokens to a public blockchain, a move that would position its state-backed digital currency alongside private-sector stablecoins operating on open networks.

The tokens will be “a type of stablecoin issued within the digital currency system built and operated by the Bank of Korea,” the bank’s Deputy Governor Lee Jong-ryeol said in a statement Decrypt has confirmed with local sources.

“We are considering a direction in which it will coexist within the entire digital currency system in conjunction with stablecoins issued by the private sector,” the Deputy Governor said at the 8th Blockchain Leaders Club held at the Lotte Hotel in Jung-gu, Seoul on Monday.

Lee said the initiative is being pursued from “a national perspective” and falls under the Bank of Korea’s responsibility as a monetary and foreign exchange authority, according to local news outlet News1 Korea.

The proposal has raised questions about how such a hybrid system might function across jurisdictions.

“It’s not clear how the hybrid model of tokenized deposit plus private-sector stablecoin will necessarily achieve the stated purpose of protecting monetary sovereignty,” Peter Chung, head of research at Singapore-based algorithmic crypto trading firm Presto Labs, told Decrypt.

“Stablecoins on public blockchains will be free to cross borders,” Chung said, noting that “the way to protect monetary sovereignty is not by tinkering with token design or network architecture, but through sound monetary and fiscal policies.”

Meanwhile, the Deputy Governor also raised concerns over the growing use of global stablecoins in South Korea, calling their influx “the most concerning part.”

The official warned that using them as currency substitutes could lead to violations of monetary sovereignty, weakened policy controls, financial instability, and increased money laundering risks.

In the first quarter of 2025, South Korea’s crypto exchanges transferred around $40.6 billion (56.8 trillion won) worth of digital assets abroad.

Nearly half, $19.5 billion (26.87 trillion won), was in stablecoins such as USDT and USDC, according to Maeil Business Newspaper, a local news outlet.

The issue is gaining traction among South Korean political leaders as well. Democratic Party of Korea presidential candidate Lee Jae-myung has proposed launching a won-backed stablecoin to reduce capital outflows and reliance on dollar-denominated tokens.



The Bank of Korea is also part of the Agora Project, a cross-border settlement system with central banks from seven countries.

“It is designed so that a country’s deposit token cannot be used directly in another country,” Lee said.

Globally, stablecoin usage continues to rise. The total market cap now stands at $249.6 billion, up 0.3% in the last 24 hours, per CoinGecko data.

Edited by Stacy Elliott.

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May 27, 2025 0 comments
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Spanish bank Cecabank partners with crypto exchange to offer trading, custody services to banks
Crypto Trends

Spanish bank Cecabank partners with crypto exchange to offer trading, custody services to banks

by admin May 26, 2025



Spanish bank Cecabank and crypto exchange Bit2Me to offer a crypto service for banks, pending approval from the Spanish securities regulator.

Spanish lender Cecabank and cryptocurrency exchange Bit2Me have teamed up to launch a MiCA-ready crypto platform for traditional financial institutions, technically ready but still awaiting a green light from Spain’s securities regulator.

In a Monday press release, the exchange said the platform includes crypto custody and RTO (reception and transmission of orders) services. While Bit2Me manages trading, market data, and custody for over 100 cryptocurrencies, Cecabank will provide regulatory support and banking infrastructure, the press release reads.

“With this alliance, Cecabank strengthens its roadmap as a reference provider of post-trade services in the digital asset space, reflecting our established role in FIAT custody.”

Aurora Cuadros, corporate director of securities services at Cecabank

The platform is meant to give European financial institutions a quicker, compliant way to enter the crypto market, with tools that can be adapted to each bank’s needs under MiCA rules, the companies say.

Cecabank isn’t alone in Spain’s banking sector exploring crypto as BBVA, the country’s second-largest bank by assets, plans to launch a new crypto trading service allowing customers to buy and manage Bitcoin and Ethereum. BBVA customers will be able to handle crypto transactions alongside their regular banking, with custody managed on the bank’s own platform, avoiding third-party providers.



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May 26, 2025 0 comments
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Blockchain
Crypto Trends

Europe’s Biggest Bank Rolls Out Settlement Service

by admin May 25, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

HSBC has rolled out Hong Kong’s first settlement service that uses blockchain technology. It turns regular bank deposits into digital tokens. That means companies can move money almost instantly.

Payments may cost less and happen faster than on traditional systems, according to Lewis Sun, HSBC’s global head of domestic and emerging payments for global payments solutions.

Tokenized Deposit Program

Based on reports, HSBC’s new tokenized deposit program lets firms swap regular deposits for tokens on a blockchain platform. Companies keep their dollars on the bank’s balance sheet, but they can send and receive them like digital coins.

Sun says this approach can cut out extra fees and delays. It also helps track every payment on-chain, so firms know where their cash is at all times.

HSBC LAUNCHES HONG KONG’S FIRST BLOCKCHAIN SETTLEMENT SERVICE

HSBC debuted a blockchain-based settlement platform using tokenized HKD and USD deposits, with Ant International completing the first transaction.

The service will expand across Asia and Europe later this year.… pic.twitter.com/WNMMqs7Owa

— Crypto Town Hall (@Crypto_TownHall) May 24, 2025

Round-The-Clock Payments

According to HSBC, the service runs 24 hours a day. Corporate clients can send Hong Kong dollars and US dollars between HSBC Hong Kong wallets any time.

That’s a big change from standard banking, where transfers often pause overnight or on weekends. Real-time transfers mean treasurers can react quickly to market moves or urgent needs.

Total crypto market cap at $3.32 trillion on the daily chart: TradingView.com

Pilot With Ant International

Ant International, an affiliate of Alibaba Group Holding, was the first client to test the system. It used Ant’s Whale platform to move funds instantly, HSBC said. After that pilot in May, the bank adopted those lessons into its live service.

Kelvin Li, general manager of platform tech at Ant International, called tokenization a bridge between traditional banking and blockchain. He added that the project aimed to make treasury work more transparent and efficient.

Image: CFA Institute Blogs

Regulatory Support And Expansion

HSBC’s rollout is backed by the Hong Kong Monetary Authority’s Supervisory Incubator for Distributed Ledger Technology. The bank is one of several that have run proof-of-concept trials under the HKMA’s tokenization program.

In August, the HKMA set up a central bank digital currency testing regime. Six firms, including HSBC, began experimenting with tokenized money for digital asset deals.

Hong Kong Taps Blockchain

That move pushed Hong Kong closer to interbank blockchain settlements. HSBC plans to extend its service to Asian and European markets in the second half of 2025.

The new system may transform the way large companies handle cash. They won’t have to wait until opening time or be hit with unexpected charges. Instant information on each payment translates into clearer views of liquidity throughout the day.

But the project also comes with challenges. Firms must refresh their back-offices so that they can interact with tokens. And blockchain platforms need to remain secure from intrusions or technical glitches.

HSBC is the largest bank in Europe in terms of assets, according to the latest ranking of the 50 biggest European lenders published by the S&P Global Market Intelligence.

Featured image from PYMNTS chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.





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May 25, 2025 0 comments
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Guatemala’s largest bank adds stablecoin remittance tech in app
Crypto Trends

Guatemala’s largest bank adds stablecoin remittance tech in app

by admin May 21, 2025



In a regional first, SukuPay’s crypto-native payment infrastructure is now powering cross-border remittances inside Banco Industrial’s mobile app, Zigi — marking a significant shift in how Latin American banks adopt blockchain technology.

The integration allows Guatemalan users to receive U.S.-based transfers in under 20 seconds via their existing banking app, for a flat fee of $0.99, according to a note shared with crypto.news. 

Users can initiate payments with a debit card, Apple Pay, or cash through retail partners like Walmart and CVS. The system works using just a phone number, eliminating the need for IBANs, crypto wallets, or conversions.

“This isn’t a feature — it’s a financial infrastructure upgrade,” said Yonathan Lapchik, CEO of SukuPay. “We’re powering real-world payments that actually work for real people — banked or unbanked.”

Inefficiencies addressed 

Remittances are a vital lifeline for Latin America, with Guatemala alone receiving over $21 billion annually. Traditional systems are often costly and slow. 

SukuPay addresses these inefficiencies by embedding stablecoin-based transfers directly into a regulated banking environment — invisible to the user, but transformative under the hood.

Banco Industrial chose to integrate SukuPay rather than build its own cross-border infrastructure.

 “With SukuPay’s infrastructure embedded directly into Zigi, we’re not just improving remittances, we’re setting a new standard,” said Michel Caputi, Head of Strategic Alliances at Banco Industrial.

The partnership may serve as a model for banks across the region looking to modernize without building from scratch or forcing customers to engage directly with crypto technology.



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May 21, 2025 0 comments
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Guatemala’s largest bank integrates blockchain for cross-border payments
Crypto Trends

Guatemala’s largest bank integrates blockchain for cross-border payments

by admin May 21, 2025



Guatemala’s largest bank, Banco Industrial, has integrated crypto infrastructure provider SukuPay into its mobile banking app, allowing locals to more easily receive remittances powered by blockchain technology. 

SukuPay’s infrastructure has been fully embedded inside the Zigi payment app, allowing Guatemalans to receive funds from the United States instantly for a $0.99 flat fee, the company disclosed on May 21. 

Users of the Zigi app do not need a crypto wallet or an International Bank Account Number (IBAN) to receive the funds, the company said. 

SukuPay CEO Yonathan Lapchik told Cointelegraph that the “key to mainstream adoption of blockchain technology is making it invisible to the end-user” so that there are no technical barriers. 

“That’s the only way we’ll scale blockchain to billions of people — by building the rails, not forcing people to learn how they work,” said Lapchik.

Established in 1968, Banco Industrial has more than 1,600 service locations throughout Guatemala. As of 2023, it had over 150 million Guatemalan quetzals in assets, equivalent to roughly $20 million US. SukuPay said its integration with Zigi marks one of the first crypto-native protocols to be used inside a major Latin American retail bank.

Banco Industrial has a long-term issuer default rating of BB. Source: Fitch Ratings

The bank also has operations in Honduras, Panama and El Salvador and is a key player in local remittance markets.

Related: Bitcoin treasury adoption grows in LATAM, mirroring US strategic BTC reserve plan

Remittances are lifelines for Latin America

Remittances, or money sent by migrants to their home countries, play a vital role in Guatemala and the broader region. 

The Inter-American Development Bank projected that remittances to Latin America and the Caribbean would total approximately $161 billion in 2024. Monthly remittances typically range from $131 to $648, representing between 6% and 23% of the sender’s average income.

“Remittances are lifelines in this region, but they’re broken,” Lapchik told Cointelegraph. 

“Guatemala alone sees $21 billion in remittances every year, and families are losing 6% to 10% of that to fees and delays. These are people sending $300, $400 a month, and they can’t afford to wait days or pay that much just to get money home,” he said, adding:

“Crypto solves this when it’s used the right way. It lets us move money instantly and at a fraction of the cost, integrated into the bank apps people already use.”

Latin America is the second-fastest growing region in terms of crypto adoption, though Guatemala lags behind regional leaders Argentina, Brazil, Mexico, Venezuela and Colombia, according to a 2024 Chainalysis study.

The study cited stablecoins as a primary adoption driver in the region. 

Crypto adoption in Latin America by total value received. Source: Chainalysis

Lapchik said stablecoins facilitate cross-border transactions more easily, but that “people don’t wake up saying, I need a stablecoin.’” 

“Stablecoins are just the best way to make that happen,” he said.

Magazine: Crypto wanted to overthrow banks, now it’s becoming them in stablecoin fight



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May 21, 2025 0 comments
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Iniu 25000 mAh Portable Charger
Product Reviews

With 5,500 Five-Star Reviews, This 25,000mAh 100W USB-C Power Bank Is Now at Its Lowest Price Ever

by admin May 21, 2025


If you’ve been looking for the most reliable portable charger to charge everything from your phone to your laptop, the INIU 25,000mAh 100W USB-C power bank available on Amazon is the deal you will not want to miss.

Right now, you can get it on sale for just $53 (down from $59) but with an additional 10% coupon, you can lower the price even further to an unbelievable $48.50. This is the cheapest price ever for this model, and if you compare any offer or comparison website, you simply won’t find a better deal anywhere.

See at Amazon

Massive 25,000mAh Capacity

INIU is already a well-known brand in smartphone charging with over 40 million users across the globe relying on it for quality. But this power bank is different: With a colossal 25,000mAh capacity, it’s not just intended for phones and tablets but laptops too. With its huge 100W output, you can charge power-hungry devices like MacBooks, high-end Windows laptops and even gaming handhelds like the Steam Deck at full velocity when you’re away.

What’s great with the INIU 100W power bank is that the dual USB-C output also allows you to charge two USB-C devices simultaneously, be that your phone and laptop, or your tablet and wireless earbuds. The USB-C port’s not just for output, either—it’s also for fast recharging of the power bank itself with a 65W input filling you up in a flash.

This power bank is crafted for travelers: It has a 25,000mAh battery that’s large enough to charge multiple devices all day but remains compact and airplane-approved so you can take it with you in your carry-on on long flights or layovers. If you work remotely or just like to have a backup on a road trip, this charger ensures you will never be low on battery.

This INIU charger is the one-and-done charging powerhouse for anyone who expects rock-solid, high-speed power anywhere. At its record-low cost of $48.50 after coupon on Amazon, there’s just no better deal available today.

See at Amazon



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May 21, 2025 0 comments
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GameFi Guides

JP Morgan Boss Jamie Dimon Says Bank Will Allow Clients to Buy Bitcoin

by admin May 19, 2025



In brief

  • JP Morgan CEO Jamie Dimon has long slammed Bitcoin, once calling the digital coin “worthless.”
  • But at the bank’s investor day, the billionaire said his institution would allow customers to buy Bitcoin, but not custody it.

JP Morgan boss Jamie Dimon said on Monday that his bank will allow its customers to buy Bitcoin—the latest sign of the bank’s increased openness to the asset, despite Dimon’s years of criticizing the largest crypto by market value and digital assets more widely. 

In remarks during the investment bank’s investor day, Dimon said that JP Morgan clients would soon be able to buy BTC, although the bank wouldn’t custody it. 

“We are going to allow you to buy it,” Dimon said at the bank’s annual investor day on Monday. “We’re not going to custody it. We’re going to put it in statements for clients.”

The pronouncement represents a pivot for JP Morgan and wider embrace of the traditional finance world that once shunned Bitcoin.  

Dimon has been particularly critical of Bitcoin, saying at one point that the biggest digital coin’s “true use case” was for criminals. 

The billionaire banker has also called Bitcoin “a fraud,” and last year described it as a “pet rock,” before telling journalists he’d “shut it down” if he could. 

“I’ve always been opposed to crypto, Bitcoin, etcetera,” he said in 2023. 



But now—likely due to client demands—the bank will allow customers to buy it, Dimon said. 

Decrypt reached out to the bank for comment. 

Other top U.S. banks are also offering crypto-related products. Morgan Stanley boss Ted Pick said in January the bank would work with regulators to see how they could offer crypto safely and said in January that it would allow financial advisors to pitch some spot bitcoin exchange-traded funds to qualified customers. 

Despite criticizing Bitcoin itself, Dimon, who’s been CEO of the world’s largest investment bank since 2006, has praised blockchain technology, and the bank has used the technology for its own projects. 

U.S. regulators are now taking a more relaxed approach to the space since crypto-friendly Donald Trump became president last year. 

Under the new commander in chief, the Securities and Exchange Commission in January rescinded the Staff Accounting Bulletin (SAB) No. 121, a bill that prevented banks from custodying digital assets. 

Edited by James Rubin

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May 19, 2025 0 comments
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