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Ant Group Files Trademark for AntCoin in Hong Kong as It Eyes Crypto Expansion

TLDR Ant Group filed for “AntCoin” trademark in Hong Kong, signaling crypto plans. The trademark covers stablecoin issuance, lending, and blockchain services. Hong Kong’s new stablecoin regulations align with Ant Group’s crypto ambitions. Ant Group’s chairman to discuss crypto at Hong Kong FinTech Week next week. Ant Group, the fintech subsidiary of Alibaba and operator [.] The post Ant Group Files Trademark for AntCoin in Hong Kong as It Eyes Crypto Expansion appeared first on CoinCentral.

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WazirX XRP Redistribution Blocked by Indian Court After $230 Million Hack

TLDR The Madras High Court blocked WazirX from redistributing a user’s 3, 532 XRP tokens under the exchange’s loss socialization plan following a July 2024 hack that resulted in $230 million in losses. The court ruled that cryptocurrency qualifies as property capable of being held in trust, establishing that crypto assets belong to users and not [.] The post WazirX XRP Redistribution Blocked by Indian Court After $230 Million Hack appeared first on CoinCentral.

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Former Stellantis CEO Predicts Tesla May Exit Car Industry Within 10 Years

TLDR Former Stellantis CEO Carlos Tavares predicts Tesla may not exist in 10 years and could abandon the car business as Elon Musk focuses on robots, SpaceX, or AI Chinese rival BYD overtook Tesla in global EV sales earlier this year, with Tesla’s China market share dropping from 16% in 2020 to 5% today Tesla [.] The post Former Stellantis CEO Predicts Tesla May Exit Car Industry Within 10 Years appeared first on CoinCentral.