Crypto firms jockey for Hong Kong licenses ahead of June 1 retail opening

Henri Arslanian, the Asia fintech and crypto leader of PricewaterhouseCoopers (PwC) Hong Kong, has predicted that many institutional players will enter the crypto industry in 2019. Arslanian made this claim during an interview with Bloomberg published on Dec. 24.When asked about his outlook on crypto for the next year, Arslanian said that he thinks “there’s…

The first blockchain association in Mexico has formed, its founding members including industry players like blockchain software firm ConsenSys, Forbes Mexico reported Nov. 28.The Blockchain Association of Mexico was established companies Bitso, Volabit, BIVA, GBM, Lvna Capital, ConsenSys and Exponent Capital. The organization’s objective is to educate citizens in the technology’s deployment and its potential…

Even as crypto markets succumb to bearish pressure, venture capital funds are deploying millions of dollars into blockchain startups. 699 Total views 6 Total shares Singapore-based Blockchain Founders Fund has launched a new venture capital fund to support emerging projects in the cryptocurrency, metaverse and Web3 sectors, offering further evidence that investors are still keen…

According to prosecutors, Lee Jeong-hoon intended to revamp Bithumb’s governance to gain from exchange coins, circumventing financial regulations. Lee Jeong-hoon, the former chair of Bithumb, one of South Korea’s major cryptocurrency exchanges, is at the center of a legal battle and might be facing an eight-year prison sentence in the appeal whose verdict is scheduled

Nonfungible tokens (NFTs) have grown a lot in popularity since the release of CryptoKitties in 2017, with the sector expected to move over $800 billion in the next two years. Some of the most well-known use cases for NFTs are picture-for-proof projects such as the Bored Ape Yacht Club and play-to-earn gaming projects. NFTs have also…

American blockchain firm Near has raised over $12 million in its Series A round from a range of high-profile investors, including Coinbase Ventures and Pantera, according to a press release on July 10.Near — a startup that develops a public, proof-of-stake (PoS) blockchain focused on usability and scalability — has secured $12.1 million from industry…

Coinbase has suffered multiple outages since March, often coinciding with volatile Bitcoin trading days. 976 Total views 8 Total shares Coinbase appears to have a capacity problem. Users have pointed out for years that when Bitcoin and other crypto assets are especially volatile, the exchange sometimes goes offline without warning. These outages can prevent customers…

The code bug has plagued the cETH market and has affected Compound’s front-end user face, but the CEO confirmed that “funds are not immediately at risk.” 203 Total views 18 Total shares Decentralized lending platform Compound has been plagued by a code bug in a recent governance proposal to update its price feeds. The code error…