Hong Kong virtual banks eye Web3 growth despite regulatory hurdles

Data sent by crypto exchange Bitstamp shows that institutional registrations in the trading platform increased by 57% in November. 148 Total views 21 Total shares Own this piece of crypto history Collect this article as NFTThe negative effects caused by the FTX debacle have put the crypto space in an unfavorable light. However, institutional investors…

A former CCP official from Jiangxi province allegedly abused his administrative powers to undermine the political principle of “two maintenance,” which relates to the notion of firmly maintaining the authority of the party. 558 Total views 26 Total shares The Central Committee of the Chinese Communist Party (CCP) expels a top provincial official after investigations…

Major stablecoin issuers Tether and Circle are focusing on non-U.S. markets where adoption is growing. 407 Total views 7 Total shares Circle CEO Jeremy Allaire estimates as much as 70% of USD Coin (USDC) adoption comes from countries outside of the United States.On Aug. 8 tweet to his 131,300 followers on X (Twitter), Allaire said…

The Chicago Mercantile Exchange (CME) Group is adding options to its Bitcoin (BTC) futures contracts in the first quarter of 2020, pending regulatory review.The development was announced in a news release on Sept. 20.“Flexibility to hedge Bitcoin price risk”Tim McCourt — CME Group Global Head of Equity Index and Alternative Investment Products — said:"Based on increasing client…

Ten years ago, on Jan. 3, 2009, the Bitcoin (BTC) network was created as Satoshi Nakamoto mined the genesis block, also known as block number zero.However, the identity behind the Bitcoin creator has remained one of the biggest mysteries in the crypto community since the original white paper was published by Satoshi in October 2008.Various…

Once the bankruptcy plan receives approval, the lender said it intends to concentrate on recovering funds from other defunct firms. 231 Total views 14 Total shares BlockFi’s reorganization is gradually progressing, with the company revealing that the United States Bankruptcy Court for the District of New Jersey has conditionally approved its disclosure statement.BlockFi and the…

Bitcoin’s Lightning Network (LN) capacity recently surpassed an all-time high of 5,000 BTC. The Lightning Network is a neutral protocol built on top of Bitcoin and currently it does not have a “native” token attached to it like many decentralized finance platforms. Although the Lightning Network’s total liquidity is less than 0.5% of the ETH in…

Hong Kong and Singapore’s wealthy elite appear to be looking at digital assets with fervor, after a new report from KPMG suggesting over 90% of family offices and high-net-worth individuals (HNWI) are interested in investing in the digital assets space or have already done so. According to an Oct. 24 report from KPMG China and Aspen…

Venture capitalists battling with the difficulties of proper crypto firm due diligence should be looking at getting back to the basics — to "trust the chain," a crypto-focused venture fund executive argues. Speaking to Cointelegraph, John Lo, head of digital assets at Recharge Capital — a $6 billion fund with crypto and decentralized finance (DeFi) projects…