Hong Kong crypto exchange license applications cost less than expected: Report

For the first time ever, the World Economic Forum’s Global Risk Report’s top-five global risks were all climate-related. From devastating wildfires in Australia and the Amazon to ravaging locust plagues on the Horn of Africa, 2020 was punctuated not only by the global COVID-19 pandemic but also a number of worrying reminders about the effects…

The US lawmaker has refuted a report from CNBC that suggested that they weren't planning to subpoena the former FTX CEO. 932 Total views 3 Total shares Own this piece of crypto history Collect this article as NFTThe United States House Financial Services Committee Chair Maxine Waters said a subpoena is "definitely on the table"…

The stakes are high for the chain to transition, as those that don't risk getting 'left behind.' 1913 Total views 8 Total shares At a conference yesterday, Ethereum co-founder and unofficial figurehead Vitalik Buterin argued that Ethereum’s upcoming transition to a proof-of-stake consensus mechanism is a “solution” to the blockchain’s rampant energy consumption that has…

Major crypto exchange Binance may be returning to China, with a planned office to open in Beijing, sources say.Binance in exileBinance, which left China in September 2017 in response to the country’s ban on crypto trading, is looking to open a new office in Beijing to accompany one operating in Shanghai, two unnamed sources told…

Since May 20 Bitcoin (BTC) price has dropped nearly 10%, shifting traders’ focus from taking out the $10K resistance to now holding above the all-important $8,800 support. The short-term bearish trend took hold after the top-ranked crypto-asset on CoinMarketCap experienced repeated rejections near the $10K mark, which took the form of higher lows at $9,942, $9,905…

The Bank of Japan announced on Thursday that it would experiment with a CBDC to check its feasibility from a technical perspective. 1299 Total views 52 Total shares The Bank of Japan has announced it will begin experimenting with a central bank digital currency (CBDC) to check its feasibility from a technical perspective.BoJ wants to…

Although the cryptocurrency sector may still be considered the “Wild West” by some governments and regulators, continued adoption and emerging use cases show that digital currencies are here to stay. Some even argue that blockchain-based networks and decentralized finance, or DeFi, platforms may soon replace traditional financial systems. Yet despite ongoing progress, the crypto industry…

Blockdata’s report suggests that the Bitcoin network could potentially match the dollar value transferred on Mastercard’s network as early as 2026, or as late as 2060. 293 Total views 27 Total shares The Bitcoin network already processes more volume by dollar value than Paypal and the largest decentralized cryptocurrency network in the world by market…