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What are the 7 Key Takeaways from Facebook's Libra Hearings?
The debate on Facebook's Libra continues with the hearing with Senate Banking Committee on 16 July and the United States House Committee of Financial Services on 17 July. Here are the 7 key takeaways from the two hearings.
Hashkey Group Targets $1 Billion Valuation with $200 Million Fundraising
Hong Kong-based HashKey Group, Asia’s leading end-to-end digital asset management and finance house, is in preliminary discussions to raise up to $200 million, a move that could propel its valuation north of $1 billion, as Hong Kong emerges as a growing global crypto hub.
Central Bank of Turkey to Ban Use of Cryptocurrencies to Purchase Goods amid Bitcoin Boom
Although many retail and institutional investors alike have been gripped by Bitcoin fever lately, as the cryptocurrency has hit a new record-high, not all banking institutions are convinced by the digital asset’s benefits.
HK-Based Hardware Wallet Maker OneKey Raises $20m in Series A Funding
Hong Kong-based crypto hardware wallet maker OneKey has raised around $20 million in a Series A funding round.
Ledger and Tezor Dismiss Rumor That Hackers Have Stolen Data from Popular Crypto Wallet Providers
Cybersecurity company “Under The Breach” has reported that a hacker is allegedly attempting to sell customer data that stems from firms like Ledger, Trezor, Keepkey, and even Bnktothefuture.
Yuga Labs earns millions from new NFT collection
Yuga Labs has made millions on a new NFT collection it minted in the next step of its “Dookey Dash” web game.
3Commas Refutes Allegations That Employees Stole API Keys
3Commas, a crypto trading business, denies social media screenshots. To freeze exchange accounts, CEO Yuriy Sorokin recommends filing a police case. The business says phishing attempts "contribute" to thefts.
Thodex Founder Arrested by Turkey Police in Albania
Faruk Fatih Ozer, the founder of the Thodex crypto exchange, escaped Turkey after taking $2 billion of investors’ funds with him. The founder is finally arrested in Albania.
More Crypto Firm Tenants Settle in Hong Kong Central CBD Offices
Hong Kong Land Holdings Ltd announced Wednesday that the real estate firm has signed a lease contract with a crypto firm, embracing the first crypto company to use their offices in the city's cbd.
Hong Kong Embraces Virtual Asset Spot ETFs
Hong Kong is set to become the first market in Asia to allow Virtual Asset Spot ETFs, with around ten fund companies preparing for launch. This move signifies a major shift in the region's approach to virtual assets.
Turkey’s Crypto Law heading to Parliament after President Erdogan’s Approval
Turkey's President confirms that drafting a crypto law is completed. The president further reveals that the draft will be tabled in the Parliament for mainstream implementation in the nation.
Wyoming lawmakers pass bill prohibiting courts from forcing disclosure of digital asset
Wyoming, a crypto-friendly state, enacted a measure banning private key disclosure. If Governor Mark Gordon approves, it will take effect July 1.
Hong Kong Blockchain Ecosystem Feb 2020 - New Members
Hong Kong Blockchain Ecosystem Feb 2020 - New Members
President Erdoğan of Turkey Intends to Host Virtual Forum in the Metaverse
Turkey's President has instructed officials of the ruling Justice and Development Party (AK Party) to conduct work on new developments, including metaverse.
JP Morgan, Ciena and Toshiba Partner to Establish Quantum Key Distribution Network
JP Morgan Chase, Ciena, and Toshiba announced to research a Quantum Key Distribution (QKD) system in groundbreaking research for better protection for blockchain networks from eavesdropping and quantum computing attacks.
NHL- San Jose Sharks To Accept Crypto for Tickets and Merchandise Sales
The San Jose Sharks ice hockey team will accept cryptocurrency as payment for season ticket purchases, sponsorship deals, suite leases, and merchandise next season. It's going to be the first NHL team to accept crypto.
HashKey Launches Wealth Management Platform for Institutional Investors
HashKey Group has launched a wealth management platform for professional and institutional investors in response to growing demand for virtual assets. The Hong Kong-based digital asset firm is expanding its over-the-counter trading service and increasing its liquidity coverage to 24/7.
HashKey Group Secures Licenses from Regulator to Operate Virtual Asset Trading Platform
Hong Kong-based digital assets company HashKey Group announced it has secured regulatory approval from the Securities and Futures Commission of Hong Kong (SEC) to operate a virtual asset trading platform.
Turkey Leveraging Blockchain to Break US Dollar and SWIFT Dominance
In an effort to break economic ties with the United States and escape the US Dollar dominance of the global markets, Turkey is adopting blockchain and cryptocurrency at a greatly accelerated rate.
Turkey Names Blockchain Expert to Central Bank Committee
Turkey's central bank embraces blockchain with the appointment of crypto expert Prof. Fatma Ozkul to its monetary policy committee.
No One is Losing Bitcoin Keys Anymore, says Galaxy Digital CEO Mike Novogratz
Former Goldman Sachs hedge manager and seasoned investor Mike Novogratz said that nowadays, losing Bitcoin keys just does not happen anymore.
Crypto.com Launches Turkish Language Version of App and Crypto Exchange
Crypto.com are services for Turkey, a rapidly emerging digital market with a strong affinity for and a high adoption rate of cryptocurrency and blockchain technology.
Turkish Central Bank Announces Partnership with Technology Firms to Develop CBDC
Turkey’s central bank has expanded its commitment towards launching a CBDC. The monetary authority has formed partnerships with technology firms to develop a prototype of a national digital currency.
Hong Kong SFC Finalizes Regulatory Framework for Virtual Asset Trading Platforms
The Securities and Futures Commission (SFC) of Hong Kong concluded a consultation period today, revealing the finalized regulatory requirements for operators of virtual asset trading platforms licensed by the SFC.
Turkey's Concern for Crypto Mounts, Races to Implement Long-Awaited Regulation
Following confirmation that the long-awaited crypto regulation is ready by the Turkish President, Recep Tayyip Erdoğan, stakeholders in the country want the regulations to be implemented as soon as possible.
US District Judge Rules in Favor of Custodial Arrangement for bZx DAO Members
A US district judge has ruled that bZx DAO transactions are custodial due to the ability for developers to upgrade a smart contract where the key is held by a single developer, as highlighted in a class-action lawsuit against bZx DAO and others. This may impact DeFi platforms that use multisigs and require them to obtain custody licenses to comply with the law.
Turkish Female Investors Shows More Crypto Knowledge than Male Counterparts, Study Shows
More women are investing and trading cryptocurrencies in Turkey as their crypto curiosity tops that of men, according to a survey by crypto exchange KuCoin.
The Most Unworkable State Law
An Illinois senator has presented a law that would compel crypto node operators, miners, and validators to reverse transactions if ordered by the court, even though it's impossible.
Huobi Announces Plan To Launch A Fiat Gateway For Turkish Users
At the Eurasia Blockchain Summit Istanbul, Huobi Global declared its ambition to launch a crypto trading platform for Turkey users which will start with Turkish Lira (TRY) / paring and which they hope will enable users to exchange more crypto assets with greater liquidity.
Turkey Witnesses Resurgence in Crypto Trades Above 1M per day
Turkey is witnessing a resurgence in cryptocurrency trades of above one million per day due to a continuous fall in the value of the country's currency, Reuters reported.
AC Milan Collaborates with MonkeyLeague to Debut e-Soccer Game
Italian soccer champion AC Milan becomes the first soccer club to partner with Web3-based NFT soccer gaming platform MonkeyLeague
HashKey Launches as HK's First Licensed Retail Crypto Exchange, Begins BTC and ETH Trading
HashKey Exchange, Hong Kong's first licensed retail virtual asset exchange, launched on 28 August 2023, offering direct bank transfers in USD and HKD, initial fiat trading pairs, and strict compliance with the Hong Kong Securities and Futures Commission.
Coinbase Uses Multi-Party Computation to Enhance Crypto Wallet Security and User Experience
Coinbase is making strides towards simplifying the onboarding process for web3, bolstering both security and recovery for crypto wallets. The company is deploying a cryptographic technique called Multi-Party Computation (MPC) to eliminate key management hurdles that have long been a barrier to mainstream web3 adoption.
Blockchain-based Digital Identification For Online Public Services In Turkey
Turkey will employ blockchain-created digital identities to access public services. National blockchain infrastructure planning began in 2019. Mobile phones will store digital data. Turkey has launched several blockchain projects, however few have been completed.
HashKey PRO Moves to Expand Retail Services in Hong Kong with New License Application
HashKey PRO, a Hong Kong Securities and Futures Commission (SFC)-licensed virtual asset trading platform, has taken a major step towards broadening its services in the region.
Web3 Hackathon on Astar sponsored by Toyota Motor Corporation
Toyota Motor Corporation, Japan’s largest conglomerate with over 330,000 employees worldwide, is sponsoring its first ever global Web3 hackathon. It has chosen Astar Network, the smart contract platform for multichain, to make Web3 use cases for Toyota’s employees.
Samsung Facilitates Blockchain Use on Galaxy Devices
Samsung issued an official announcement to inform users that they will now be able to manage and trade cryptocurrencies from third-party wallets directly on Samsung Galaxy smartphones.
Steamboat Willie Enters Public Domain, Inspires NFT and Meme Coin Craze
The public domain's "Steamboat Willie" Mickey Mouse version has sparked the creation of popular NFTs and meme coins, marking a new era in digital art and copyright freedom.
HashKey Group Secures $100 Million in Series A Funding
HashKey Group raised $100 million in a Series A financing round, reaching a pre-money valuation of $1.2 billion. The Hong Kong-based company plans to use the funds to enhance its Web3 ecosystem and expand its Hong Kong business.
KeyFi Announces Native Token Listing on ApeSwap DEX
KeyFi, an AI-Powered DeFi aggregator platform backed by SelfKey Credentials, is listing its native token, KEYFI, on decentralized exchange ApeSwap.Finance.
Ethereum Co-Founder Vitalik Buterin Donates 50 ETH
Vitalik Buterin donated crypto to Turkish disaster aid.
Over 50% Crypto Investors Backup Security Keys by Paper Wallets, Threatening its Vulnerability
New research by Unstoppable Domains, Efani, and NGRAVE found that more than half of crypto investors at 54% store their security keys on a paper wallet amid intensified cyber attacks.
HashKey Exchange and Animoca Brands Unite to Boost Web3 in Asia
HashKey Exchange partners with Animoca Brands to foster Web3 and digital entertainment in Asia, leveraging their strengths in virtual assets and blockchain gaming.
Babel Finance to Hire Restructuring Specialist Houlihan Lokey: Sources
Babel Finance has tapped restructuring specialist Houlihan Lokey to explore options for reworking its debt. The firm faces financial difficulties triggered by the current extreme market conditions.
Hong Kong to Release Cryptocurrency Exchange Licensing Guidelines
The Hong Kong Securities Futures Commission (SFC) plans to release guidelines for cryptocurrency exchange licensing next month, in support of trading services to retail investors by June 1. AML/KYC regulatory requirements were key considerations in the consultation process. Some trading platforms have already received licenses, while others have chosen to cease operations.
Qatari National Bank to Explore Cross-Border Payment Solutions With Ripple
The Qatari National Bank (QNB) is set to launch a cross-border payment solution, powered by blockchain payments firm Ripple Labs Inc.
Caroline Ellison Of Alameda Avoids 110-Year Sentence With Plea Agreement.
The agreement limited Caroline Ellison's prosecution to criminal tax offenses. $250,000 bail would free her instantly. The FBI holds former FTX CEO Sam Bankman-Fried. He'll be sent to the Southern District of New York for court.
Turkish Government Announces Plans for National Blockchain Infrastructure
The Ministry of Industry and Technology of the Turkish Government announced its plan for a national blockchain infrastructure used in public administration on Sept. 18 in Ankara.
HashKey Group Announces HashKey Chain
HashKey Group is set to expand its Web3 Ecosystem with the launch of HashKey Chain, a ZK-proof based Ethereum Layer-2 platform, leveraging its token HSK for ecosystem incentives.
HashKey Group Partners with HKMA on Groundbreaking wCBDC Project
HashKey Group collaborates with HKMA on a wCBDC initiative to revolutionize interbank settlements and tokenized asset management.
Blockchain Labs and HashKey Capital Launch Future3 Campus, a Web3.0 Innovation Incubator
Blockchain Labs and HashKey Capital have announced a joint initiative to establish Future3 Campus, a Web3.0 innovation incubator aimed at promoting the global Web3.0 ecosystem.
Kucoin Report: Turkey's Crypto Investor Base Grows by 12%
KuCoin's 15th report on cryptocurrencies shows a 12% increase in Turkish adults investing in cryptocurrencies over the past 18 months, despite market conditions and a depreciating Turkish lira.
HashKey Exchange Becomes First Licensed Retail Crypto Trading Platform in Hong Kong
Hong Kong, 3 August 2023 - HashKey Exchange has announced the official upgrade of its Type 1 and Type 7 licences, becoming the first licensed virtual asset exchange for retail users in Hong Kong.
Binance CEO Discusses Crypto Ecosystem with Turkish Officials
Binance Chief Executive Officer Changpeng Zhao had a meeting with Turkish officials where he discussed issues bothering the crypto ecosystem.
Hong Kong Web3 Festival 2023, Hong Kong’s Largest-Ever Premier Digital Asset Event, is here.
A Platform for Worldwide Leaders to Discuss the Latest Web3 and Blockchain Trends
Crypto Traders See Safe Haven in a Brokerage Newcomer in Turkey
Istanbul-based BtcTurk has established a securities brokerage, offering its millions of clients new options to satisfy their trading itch.
The Central Bank of the Republic of Turkey Plans to Launch CBDC in 2023
The Turkish government has submitted the President’s annual plan, which included discussions on the launch of CBDC. The administration plans to launch its country’s CBDC by next year.
Web3 Security Losses Skyrocket to $889.26M in Q3 2023, Says Beosin Report
The Q3 2023 Global Web3 Security Report, jointly initiated by Beosin and SUSS NiFT, reveals a concerning escalation in the Web3 security landscape. The report shows that losses from hacks, phishing scams, and rug pulls reached $889.26M in Q3 2023, exceeding the combined losses of the first two quarters. The report also highlights the increasing threat posed by North Korea's Lazarus group.
Naspers and Prosus Undergo Key Leadership Transition
Prosus and Naspers Limited have announced a change in executive leadership, with Bob van Dijk stepping down as CEO and Board member. Ervin Tu will take over as Interim CEO. Van Dijk's tenure has seen significant growth and strategic expansion for Prosus, solidifying its position as a leading global consumer internet entity.
Bitcoin Falls to $60K amid a Sharp Drop in Hash Rate and Turkey's Crypto Payment Ban
Bitcoin fell below the $61K level for the first time today due to the decline in hash power of Chinese mining pools and the ban on cryptocurrency for the purchase of goods and services proposed by the Turkish government.
Samsung Adds New Crypto Feature to Their Devices with “Stellar” Blockchain
Samsung device users can now securely store the private keys of their cryptocurrency wallet on their phone, with a recent add-on feature by the Stellar Development Foundation (SDF).
Understanding ETH/BTC Rate - Key Factors and Price Predictions
Bitcoin and Ethereum, the top cryptocurrencies, show unique market responses due to their distinct uses and supply methods. Their volatility and correlation patterns offer insights into the crypto market dynamics.
Turkey Government Considers Introducing New Regulations After Collapse of Two Crypto Exchanges
Turkey is discussing plans to tighten crypto regulations after two local exchanges collapsed a few days ago.
Hong Kong Sets 50% Insurance Mandate for Crypto Exchanges
Hong Kong's SFC mandates 50% insurance coverage for licensed crypto exchanges, with OSL and HashKey Exchange leading compliance by securing extensive insurance policies for customer asset protection.
What Are The Key Takeaways from Block Live Asia?
What Are The Key Takeaways from Block Live Asia? The Block Live Asia in Singapore was a great success! Held in Marina Bay Sands Expo & Convention Centre 18 – 19 April, the event gathered over hundreds of crypto professionals on the latest blockchain development and the emergence of initial exchange offerings (IEO).
Bitcoin Needs to Overcome One Key Factor Before Its Price Run to $20K
Market experts are saying that if Bitcoin clears one key resistance level, it may reach $20K with less obstacles along the way.
Exclusive: Arbitrage - the Key Business Opportunity Brought by Blockchain
Following the latest update of Paxful, Ray took a step back and shared to us his inspiration to set up Paxful and what he learnt from 11 failed startups! He then identified arbitrage as the key business opportunities by blockchain and instead of decentralization, peer to peer should be the core value preposition of Bitcoin!
Bank of China’s Former President Lists Four Key Conditions For Digital Yuan to Replace Cash
The former head of the People’s Bank of China announced that the soon to be launched Digital Yuan will be able to replace cash if certain key conditions are met.
Seven Key Takeaways You Need to Know About Central Bank Digital Currencies
Why are Central Bank Digital Currencies (CBDCs) important? Do we really need them? What are the implications? How will they be designed? Here are seven key takeaways you need to know.
Blockchain Interoperability—What are the Key Drivers?
Blockchain Interoperability, the ability to connect different blockchain ecosystems, is gaining a lot of traction today. But, first of all, it is necessary to understand if we need interoperable blockchains. What problems do they solve? Or will they create more troubles? And finally, what are the various challenges involved in going down the path of interconnecting blockchains?
Exclusive: Talent Shortage is The Key Pain Point in the AI Industry
Artificial intelligence is one of the emerging fintech trends in Hong Kong. While there are some great minds and AI companies in Hong Kong, they can’t survive without sufficient funding and technical support from government and industry leaders. We had the opportunity to invite Timothy Leung, Executive Director of HKAI Lab, to share his thoughts on how HKAI Lab facilitates the growth of AI ecosystem in Hong Kong. He also identified talent shortage is the key pain point in AI industry which hinders integration of AI and blockchain.
Financial Conduct Authority, on the 2 Key Initiatives to the Era of Open Finance
Following the Part 1 interview of the Financial Conduct Authority, Maha El Dimachki, Head of Payments of the FCA reveals some of her key initiatives in the FCA, including the significance of the second Payment Services Directive (PSD2) among the EU countries and the rationale of the Stronger Customer Authentication. As Co-Chair of Spectrum, the BAME Network Group at the FCA, El Dimachki also provided some advice for women in FinTech!
Ripple XRP Falls to Key Support Level Of Around $0.50
The crypto market is mostly up once again, with Bitcoin pushing above $18,500 and retesting $19,000. Ripple XRP has however on its end reversed its uptrend.
European Commission Blockchain Report: The 3 Key Takeaways
Since the inception of Bitcoin, much hype and public attention have followed the development of cryptocurrencies their value being dismissed by many while others have become hoarders of crypto. Away from the uncertainty of cryptocurrency future value, one aspect of the technology is now squarely in the limelight—the blockchain platform or distributed ledger technology that make the currencies possible.
PrimeXBT Review | Key Features Offered By Advanced Trading Platform
Reviews of trading platforms are essential in assisting traders with selecting the proper platform for their unique trading style, taste in trading instruments, and features that stand out as must-haves. It can save traders a great deal of time and money, by weeding out the platforms that don’t deserve a deposit.