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Today in Crypto: Crypto's 'Inherent Structural Flaws' Make It Unsuitable for Monetary System, BIP39 Mnemonic Phrases Can be Turned into Colors, Dev Says He Reverse-Engineered Brazil CBDC Source Code, Algofi to Shut Down
11.7.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Crypto's 'Inherent Structural Flaws' Make It Unsuitable for Monetary System, BIP39 Mnemonic Phrases Can...
Report: The crypto custody market reached $448 billion in 2022
11.7.2023
Researchers cite a rise of interest in crypto staking, made possible by the Ethereum Merge and the appearance of non-fungible tokens (NFTs) as the major developments for custody market
Recruiters: Hong Kong's Crypto License Craze Hasn't Translated into Job Opportunities
10.7.2023
Despite excitement surrounding Hong Kong's new crypto licensing regime, the city-state has yet to see a surge in new job oppurtunities.
Recruitment executives in Hong Kong have reported a lack of employment needs within the crypto industry despite 150 companies vying for a local crypto license...
Rush for Hong Kong’s crypto licenses yet to translate to jobs: Recruiters
10.7.2023
Hundreds of firms have been lining up for a Hong Kong crypto license, but recruiters say they are yet to see an accompanying rush for talent
Bakkt Targets Hong Kong, UK, and EU for International Crypto Expansion
7.7.2023
Regulatory uncertainty in the US is driving digital assets platform Bakkt to expand internationally to Hong Kong, the United Kingdom, and the European Union, CEO Gavin Michael noted.
“We’re particularly focused on Hong Kong, the UK and parts of the EU because we see partners wanting to move into...
BitgetX joins HKVAC as it aims for exchange license in Hong Kong
5.7.2023
The Hong Kong Virtual Asset Consortium was established on May 31 to create indices and rating services for cryptocurrencies
Advocates call for Hong Kong govt stablecoin to compete with Tether and USD Coin
4.7.2023
“Issuing a stablecoin pegged to the HK dollar not only helps to solidify HK’s leadership in the blockchain sector but also propels the progress of the digital HK dollar," said the report
Cryptocurrency in China: Central Bank Shake-Up Dims Hopes for Policy Reversal
4.7.2023
Hopes that China’s anti-crypto stance could soon change have been crushed by the appointment of a known crypto-critic as the Communist Party’s top official at the People’s Bank of China (PBoC).
According to a recent Wall Street Journal report, the Party’s new appointee to the Chinese central bank...
New Proposal: Hong Kong Should Issue Stablecoin to Rival USDT and USDC
4.7.2023
In a revolutionary move, Hong Kong is exploring the idea of launching its Stablecoin, HKDG, to rival established Stablecoins like USDT and USDC.
As reported by Wu Blockchain, the proposal, co-authored by prominent figures in academia and industry, including Vice Chancellor Wang Yang and angel...
U.S. crypto regulatory uncertainty could be Hong Kong’s gain - Yat Siu
4.7.2023
Animoca Brands founder Yat Siu believes Hong Kong’s efforts to foster the Web3 ecosystem is in stark contrast to regulatory uncertainty hampering development in the United States
Hong Kong Task Force appoints Yat Siu on the table
3.7.2023
Animoca Brands is now seeing its Co-Founder and Executive Chairman climb up the ladders in Hong Kong. The country is on the edge of becoming a global hub for Web3 and metaverse segments. Assuming things move seamlessly, it could also host digital tokens for the world. While that is a far-fetched...
Hong Kong Sets Up Task Force for Web3 Development
3.7.2023
Hong Kong wants to be a Web3 hub, Financial Secretary Paul Chan said
Singapore Plans to Safeguard Cryptocurrency Investments with New Trust Requirement
3.7.2023
Singapore has announced plans to impose a trust requirement on cryptocurrency exchanges in a bid to instill confidence in the market and protect investors from potential losses.
On Monday, the Monetary Authority of Singapore (MAS) stated that cryptocurrency exchanges will be required to keep...
Hong Kong Government Sets Up Web3 Development Task Force – Next Crypto Hub?
2.7.2023
Hong Kong has taken another major step towards becoming a leading hub for cryptocurrency and blockchain technology.
The Hong Kong Government has announced the establishment of a task force, known as the Web3 Development Task Force, dedicated to promoting the growth of Web3, with a particular...
Hong Kong establishes task force to advance Web3 development
2.7.2023
The task force will advise on the “sustainable and responsible” development of Web3 in Hong Kong, according to the statement
What New York Can Learn From Hong Kong in Regulating Crypto
30.6.2023
A small number of unelected individuals in Washington D.C. are exercising alarming authoritarian power as regulators, counter to the Big Apple’s stated desire to move from antiquated financial systems to digital ones, writes Omer Ozden
Web3 firms are spending up to $25M on HK crypto licenses: Report
27.6.2023
VASP expenditures are varying between 20 million to 200 million Hong Kong dollars as firms scramble to find Web3 talent for licensing
Don’t Overlook Tokyo and Hong Kong as Crypto Hot Spots
27.6.2023
The two Far East financial hubs take a comprehensive approach to overseeing crypto, and are likely to attract businesses from around the world. They don’t appear on CoinDesk’s Crypto Hubs 2023 ranking of the 15 best places to live and work for crypto professionals, but they should not be ignored
Stablecoin Issuer Circle Keeping an Eye on Hong Kong's Crypto Policies Amid Asian Market Focus
27.6.2023
US-based stablecoin issuer Circle is closely monitoring Hong Kong’s crypto policies as the government pushes for a friendly regulatory framework.
Hong Kong is looking to establish itself as a major hub for stablecoins and digital assets markets, Circle CEO Jeremy Allaire said in a recent...
HSBC becomes first Hong Kong bank to allow crypto ETFs
27.6.2023
Bitcoin and Ether-oriented exchange-traded funds (ETFs) have been made accessible to all HSBC customers. As per a journalist, Colin Wu, this is a step toward popularizing the acceptance and use of digital assets. Incidentally, the ETFs have been duly registered with the Hong Kong Exchange (HKEX)....