Hong Kong eyes DeFi, DAO spent $37M to help free Julian Assange: Finance Redefined
The Hong Kong government aims to expand its fintech dominance in DeFi and the metaverse despite challenges in the current landscape.
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Democratizing Bitcoin’s hash rate takes center stage at mining summit
Bitcoin's bull market is having a dramatic effect on demand for hardware resources as miners look to ramp up production. 1957 Total views 11 Total shares Bitcoin (BTC) mining continues to ramp up following the successful May 11 halving, but growing industry concentration could undermine the “democratization of hash rate,” according to a panel presentation at…

Venture Studio Invests $3 Million in Crypto Firm First Digital Trust
A Taiwanese venture studio just became the new lead investor for a Hong Kong-based crypto custodian following a multimillion dollar investment this week.Nogle announced yesterday they had given $3 million to First Digital Trust (FDT), the digital asset arm of Legacy Trust. The investment is intended for the financial custodian to develop its own crypto…

Ethereum approaches $3K resistance as Bitcoin price rebounds toward $40K
A sudden change of sentiment on lower timeframes gives bulls something to smile about after a downtrend is swiftly cancelled out. 633 Total views 168 Total shares Ethereum’s Ether token (ETH) enjoyed a "massive" rebound towards $3,000 on Aug. 5 as optimism flowed in after its London hard fork went live.ETH/USD 1-hour candle chart (Bitstamp).…

3AC liquidators seek ‘alternative means’ to subpoena missing founders
Advisory firm Teneo argued that standard methods to contact the Three Arrows Capital founders have failed, and is now looking for other ways to subpoena them. Liquidators for Three Arrows capital (3AC) have asked a U.S. court to grant them permission to subpoena the embattled crypto hedge fund's founders through “alternative means.”To this date, the whereabouts…

Bitcoin analysts map out the key bull and bear cases for BTC’s price action
Research has detailed Bitcoin’s recent record-low volatility and while traders expect an eventual price breakout, the Oct. 26 BTC price move to $21,000 is not yet being interpreted as confirmation that $20,000 has now become support. In a recent “The Week On-chain Newsletter,” Glassnode analysts mapped out a bull case and a bear case for BTC.…

Disney reportedly scraps its metaverse division
The metaverse division was originally put together to work on new ways to engage Disney’s audience. Own this piece of history Collect this article as an NFTEntertainment giant Disney has reportedly ditched its metaverse division as part of a broader restructuring plan that will see the firm cut its operating expenses by $5.5 billion and…

Philippine Cryptocurrency Regulator Accused of Misappropriating Millions
Raul Lambino, the administrator of the Cagayan Economic Zone Authority (CEZA) — the special economic zone that licenses cryptocurrency exchanges operating in the Philippines — has come under fire for allegations of corruption.On Feb. 20, The Manila Times published a story citing purportedly leaked from the Philippine National Intelligence Coordinating Agency (NICA). The outlet claims…

Arthur Hayes on Financial Privacy and the Possibility of BTC Hard Fork
At the Tangle in Taipei on July 3, American economist and crypto sceptic Nouriel Roubini (aka “Dr. Doom”) and BitMEX CEO and co-founder Arthur Hayes didn’t agree on anything except that “Facebook’s Libra is not cryptocurrency.” One of the reasons on that is, while Roubini took for granted that the success of Bitcoin should be…