Why are memecoins down today?

This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations.  Much like last week, China’s minor COVID flareups dominated the headlines as the country seeks to avoid more serious lockdowns. Cryptocurrency managed to stay…

Major United Kingdom energy company OVO has invested in blockchain firm Electron through its recently launched technology division, Kaluza. The development was announced in an OVO blog post published on March 12.Kaluza —  an intelligent grid technology company that provides software and hardware products to the energy sector — has reportedly made an investment in…

U.S.-based crypto exchange and custodian Gemini has finished a SOC 2 Type 2 evaluation, proving the operation’s security.“The Type 2 is the highest level of security compliance that any organization can demonstrate,” Gemini’s head of risk, Gemini Yusuf Hussain, told Cointelegraph in an interview about the Jan. 23 announcement.Compliance focusIn preparation for its SOC 2…

The new regulatory regime for stablecoins in Hong Kong should arrive no later than 2024. 266 Total views 1 Total shares Own this piece of history Collect this article as an NFTIn the key principles of its upcoming regulatory framework, the Hong Kong Monetary Authority (HKNA) didn’t find a place for algorithmic stablecoins. Instead, the…

Popular stock and cryptocurrency trading app Robinhood has surpassed its financing goals by raising $280 million Series F funding at an $8.3 billion valuation. 1970 Total views 35 Total shares Popular stock and cryptocurrency trading app Robinhood has surpassed its financing goals by raising $280 million in Series F funding at an $8.3 billion valuation.Publicly…

Telegram founder Pavel Durov was arrested in France on Aug. 24. Here’s what we know so far and how prominent figures have reacted.

A new report from Elliptic has found that unregistered securities offerings account for more than half of all crypto-related fines handed out by U.S. regulators. 1173 Total views 7 Total shares According to a report from blockchain analytics firm Elliptic, unregistered securities offerings represent more than half of all crypto fines handed out by U.S.…

The crypto community is rallying against an amendment to the U.S. infrastructure plan that would maintain strict reporting requirements for developers and validators while exempting miners. 2357 Total views 167 Total shares The crypto community is pushing back against amendments to the crypto provisions of the White House’s infrastructure plan — which seeks to raise…