Hong Kong remains an ‘open and vibrant market’ for crypto, says financial secretary

Hong Kong-based cryptocurrency futures exchange CoinFlex has received $10 million through a funding round that closed last week.Recent funding and goalAsia-focused newspaper South China Morning Post (SCMP) reported the news on Aug. 26. According to the report, CoinFlex received funding from Bitcoin Cash (BCH) advocate and Bitcoin.com CEO Roger Ver, as well as Polychain Capital,…

Animoca wants to advance the music industry within Web3 and gaming through its latest partnership with Pixelynx. Own this piece of crypto history Collect this article as NFTDigital entertainment, blockchain, and gamification company Animoca Brands has secured a majority stake in the Los Angeles-based music metaverse gaming platform Pixelynx.Animoca Brands expects its acquisition will expand…

Jerome Powell added that the Federal Reserve needed to consider the health of other markets when creating a digital currency. 3412 Total views 15 Total shares Federal Reserve chair Jerome Powell said 2021 will likely have the central bank engaging with the public and lawmakers regarding the digital dollar.In a House Financial Services Committee hearing…

According to the MAS managing director, TerraForm Labs, Luna Foundation Guard and Vauld were “not licensed or regulated" by Singapore's financial watchdog. Ravi Menon, the managing director of the Monetary Authority of Singapore, or MAS, said companies often labeled by the media in connection to the recent market volatility as “Singapore-based” were not representative of…

Decentralized finance, or DeFi, security platform and bug bounty service ImmuneFi published an official report on Thursday which calculated the total volume of losses in the cryptocurrency markets in 2021. According to its report, the company found that losses resulting from hacks, scams and other malicious activities exceeded $10.2 billion dollars over the past year.Responsible…

Paxful CEO Ray Youssef said that the current growth trends in Ghana show that it has the potential to be a leader in terms of crypto adoption. 333 Total views 24 Total shares As emerging markets take the lead in crypto adoption, Ghana, a country located in West Africa, may soon catch up to other…

NFTs are known for their transferability and commercial viability, but there are also downsides to those features, according to Buterin. 287 Total views 7 Total shares In a blog post published Wednesday, Vitalik Buterin, co-founder of Ethereum (ETH), expressed his wishes to make nonfungible tokens, or NFTs, soulbound as with the namesake item class in…

There’s was no rest for weary crypto traders on March 10 as a blistering 7.9% CPI print emerged as the headline of the day, putting pressure on global financial markets and erasing the previous day's gains in Bitcoin (BTC) as the price fell back below $40,000. Data from Cointelegraph Markets Pro and TradingView shows that the…