We have summarized the highlights of the current news in the cryptocurrency industry.

HSBC customers will be able to make loan payments via cryptocurrency

Through the blockchain payment system FCF pay, HSBC customers will be allowed to pay their loans using crypto money.

In the post made by FCF pay, it was stated that the top cryptocurrencies that can be paid will be Bitcoin, Ethereum, Binance Coin, Ripple, Doge, Shiba Inu. Considering that global banking giant HSBC serves millions of customers, the news was seen as a major development towards the adoption of cryptocurrencies.

MUTB and Binance Japan will cooperate on the issuance of stable cryptocurrencies

Mitsubishi UFJ Trust and Banking Corporation, Japan's largest banking group, and the Japanese subsidiary of Binance, the world's largest cryptocurrency exchange, announced their cooperation on the issuance of fiat-backed cryptocurrencies.

The issuance of stable cryptocurrencies through the platform called Progmat Coin will operate in accordance with Japanese laws. With this partnership, Mitsubishi UFJ Trust and Banking Corporation (MUTB) and Binance Japan aim to accelerate the adoption of Web3 in Japan.

Apart from this development, MUTB announced various other collaborations for the mutual transfer and exchange of stablecoin issuances on various Blockchain networks, including the Ethereum network.

Ripple's ongoing legal battle with the SEC began in December 2020, when the SEC accused Ripple of trading billions of dollars worth of XRP as a security without registering with the agency.

Ripple recently strengthened its legal team by hiring attorney Rahul Mukhi to represent the company and its CEO Brad Garlinghouse in the case. Mukhi is known to be highly experienced in government and regulatory investigations.

The US court recently made an important decision in favor of Ripple, stating that individual sales of XRP are not considered an investment contract. However, the SEC showed that it had not given up on the legal fight and filed to appeal the case.

After HTX's $8 million cyber attack, Justin Sun announces "SAFU" fund

Justin Sun took action after the cyber attack that led to the theft of $8 million in funds at HTX, formerly known as Huobi, one of the largest exchanges in the crypto market.

Justin Sun, who served as HTX's general counsel, announced that the SAFU fund was established to cover losses arising from security problems that HTX may experience from now on. In addition, the platform announced that a real-time monitoring mechanism has been established.

Regarding the stolen assets, HTX officials announced that they would give rewards to the hackers if they pay back. Additionally, Binance's CEO, Changpeng Zhao, offered to help the exchange in investigating the hacking incident.

Near Protocol surpasses Ethereum by daily active addresses

According to Blockchain data, NEAR Protocol has reached the highest number of daily active addresses in the last month, leaving Ethereum and other layer-2 solutions behind.

According to Artemis data, NEAR Protocol reached over 400,000 daily active addresses during September. Ethereum, on the other hand, saw a decrease in its daily active addresses in the same period. While this is considered a significant development for the adoption of the protocol's native asset, NEAR, the cryptocurrency continues its sideways movement at yearly lows in the $1.09 region, down 35% from its New Year's price.#BitcoinDunyamiz

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