In the era of rapid digitalization, financial landscapes around the world are evolving at a pace never seen before. One of the most intriguing developments in recent times is China’s exploration of its digital currency, the Digital Yuan, commonly known…
Hong Kong to Be the Next Crypto Nexus
Hong Kong, a former Crown Colony, is fast becoming a haven for crypto companies. A statement written by Arthur Yuen, Deputy Chief Executive of the Hong Kong Monetary Authority (HKMA), discussed how to handle virtual asset-related entities. He reminded banks…
Why more than 80 Crypto Companies Flocking to Hong Kong?
A significant increase in the number of virtual asset-related businesses looking to establish their presence in Hong Kong has been observed recently. With a total of 80 domestic and international companies expressing their interest in the city, Hong Kong is…
Hong Kong plans to make crypto purchase and trading legal for all of its citizens
While United States is struggling to give a clear legislation to crypto companies and pushing them away from the boundaries with hefty fines, Hong Kong legislators plans to make crypto available to all its citizens starting June 1st. This will…
Armed Criminals Got Away With $450,000 in Bitcoin from Hong Kong Trader
According to the South China Morning post, Hong Kong police have launched a massive manhunt for a gang that made away with 3.5 million Hong Kong dollars ($450,000) from a woman in the Hong Kong. The gang made away with…
Fidelity-backed Crypto Trading Platform OSL is Finally Legal in Hong Kong
OSL is now legally authorized to run managed brokerage services, and automated digital asset trading services as the crypto trading network has finally secured a Hong Kong license. OSL, a central digital asset portal in Asia and a unit of…
High Stakes Trial of Avi Eisenberg Involves Alleged 110 Million Dollar Theft from Mango Markets Crypto Exchange
In the high-stakes trial of Avi Eisenberg, a 28-year-old trader, federal jurors in New York were presented with divergent narratives regarding his alleged manipulation of the Mango Markets cryptocurrency exchange, resulting in the theft of a staggering $110 million. The…
Bitcoin’s Long-Term Investors Now Possess More Than 76% of All BTC for the First Time. Details below
In the ever-fluctuating world of cryptocurrencies, Bitcoin, affectionately known as BTC, is currently undergoing a transformation that is sending shockwaves through the market. Regardless of whether you are an experienced BTC price speculator or a newcomer to the crypto arena,…
