Cryptocurrencies have gained significant traction in recent years, and Hong Kong is no exception. However, with the increasing adoption of cryptocurrencies, including stablecoins, the local government is contemplating measures to regulate and restrict retail stablecoin trading for individual investors. This move comes in response to the potential risks associated with unregulated platforms and the need
Ethereum’s recent surge in ether (ETH) staking, driven by the Merge and Shanghai upgrades, has sparked worries about centralization and reduced staking yields, according to a JPMorgan report. The increasing centralization of Ethereum, despite decentralized alternatives like Lido’s liquid staking platform, poses risks to the network’s security and decentralization ethos. The crypto community has often
Solana (SOL), a layer 1 proof-of-stake blockchain, has recently unveiled version 1.16, bringing a significant upgrade to its user privacy features. The new update introduces “Confidential Transfers,” which involves encrypted Solana Program Library (SPL) token transactions. Unlike traditional anonymity solutions, Confidential Transfers prioritize confidentiality, ensuring that user data remains private. With the majority of Solana’s
Tech mogul Elon Musk, known for his outspoken nature, has once again made headlines by calling for a comprehensive overhaul of the main securities regulator and other agencies in the United States. In a recent tweet, Musk expressed the urgent need for reform, stating that punitive action should be taken against those individuals who have
Launchpad XYZ, a crypto startup and AI trading platform, has successfully raised over $1.85 million in its ongoing crypto presale ahead of its highly anticipated platform launch in 2023. The company aims to create a comprehensive web3 ecosystem that caters to both novice and experienced crypto enthusiasts. By offering a range of services, from educational
The recent arrest and imprisonment of Su Zhu, co-founder of defunct Singaporean hedge fund Three Arrows Capital (3AC), and his business partner Kyle Livingston Davies, have sent shockwaves through the cryptocurrency industry. Once managing over $10 billion in digital assets, 3AC’s collapse in June 2022 left creditors with over $3.5 billion in claims. This article
The crypto intelligence firm, Arkham Intelligence, which was once regarded as a reputable player in the industry, is now under scrutiny following a damning report released by whistleblower platform Crypto Leaks. The report accuses the company of exploiting vulnerabilities at major exchanges, such as Binance and FTX, to uncover users’ personal information. These allegations have
The recent revelation that some U.S.-based employees of FTX were aware of a backdoor that allowed Alameda to withdraw customers’ funds has sent shockwaves through the cryptocurrency industry. This discovery raises serious questions about the integrity and transparency of FTX, as well as the ethical practices of its employees. In this article, we will delve
The financial world, particularly Wall Street, has always been known for its secretive nature when it comes to profitable opportunities. One such example is the rapid rise of electric vehicles (EVs) a few years ago, catching traditional investors off guard. While the public was captivated by the promise of a greener future and innovative automotive
In a recent investigative report published by Forbes, it has been revealed that Binance, one of the leading cryptocurrency exchanges, may have exaggerated the success of its initial coin offering (ICO) for Binance Coin (BNB) in 2017. The report highlights discrepancies between the claims made by Binance founder and CEO Changpeng Zhao and the actual
