Does Hong Kong’s slow approach to crypto regulation risk stifling digital asset growth?

Bitcoin (BTC) slid below $29,000 around the May 4 Wall Street open as United States equities showed jitters over the resurgent banking crisis.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView“Too much all at once” for U.S. banksData from Cointelegraph Markets Pro and TradingView showed BTC/USD losing ground as the S&P 500 shed 0.7%.The risk asset comedown…

Nishad Singh, the bankrupt exchange’s former director of engineering, went to a proffer session with prosecutors last month and is reportedly nearing a plea deal. 377 Total views 10 Total shares Own this piece of history Collect this article as an NFTNishad Singh, the co-founder and former chief engineer of bankrupt crypto exchange FTX, is…

Bitcoin (BTC)’s rise to multi-month highs may be attributable to a significant uptick in institutional activity over the past year, according to a report broadcast on CNBC television on June 25. Data from institutional crypto lender Genesis Capital — an affiliate of Genesis Global Trading — reportedly reveals a significant increase in activity from institutional counter-parties,…

Tether has highlighted its compliance efforts after Ripple’s CEO said the U.S. government has its sights set on USDT.

As Bitcoin price surged above $10K, USDT exchange inflows reached an 8-month high. 1671 Total views 9 Total shares Tether (USDT) exchange inflow has recently spiked to its highest level in the last 8 months, according to data from on-chain data provider Glassnode. Exchange inflows for the stablecoin reached a 2020 high yesterday as Bitcoin…

The cross-chain router protocol recovered nearly 50% of the total stolen funds and devised a compensation plan for eligible investors. 299 Total views 17 Total shares After a month-long fight against an ongoing exploit, cross-chain router protocol Multichain announced the recovery of nearly 50% of the total stolen funds, worth nearly $2.6 million of cryptocurrencies.…

United States transnational IT firm Advanced Micro Devices (AMD) over delivered on Wall Street expectations for earnings, the company confirmed in a press release on April 30.AMD, which had previously seen volatility in its performance amid challenging 2018 market conditions, posted an adjusted share price of $0.06, 1 cent above the target.The knock-on effect among…

Payments company Circle has reportedly laid off another ten employees, following the news that its CEO Sean Neville quit his position — events that the firm says are unlinked.On Dec. 11, a Circle representative told Cointelegraph ”we've streamlined some departments and eliminated about 10 roles.” The spokesperson confirmed that the company was looking to focus…

The price of Bitcoin (BTC) has been seeing a massive run in recent months as it surged by almost 100% from $10,000 to $19,800. However, the all-time high region at $20,000 has been showing significant resistance, causing the price to drop several times including today as BTC has now fall below $19,000 on Dec. 4.The…