Hong Kong
Crypto Exchange Gemini Now Offers Staking Rewards
Crypto exchange Gemini will offer support for clients throughout the U.S., Singapore and Hong Kong to earn and store staking rewards in their accounts. Gemini Vice President of Product Layla Amjadi discusses how the service could help increase user interest ahead of Ethereum’s upcoming shift to a proof-of-stake model.
Report: Lender Babel Finance Lost $280M Trading Customer Funds
Hong Kong crypto lender Babel Finance reportedly lost $280 million in proprietary trades with customer funds, according to The Block. Babel Finance suspended withdrawals in June amid the liquidity crisis and “The Hash” panel discusses the ongoing contagion and their outlook for crypto regulation.
NFT Market Fraud in Focus; Bybit Job Cuts
Hong Kong movie star Louis Koo denies involvement with Chinese NFT platform. China’s Wechat bans NFT marketplace over flipping. Combating phishing scams and insider trading in the NFT market. Babel Finance says liquidity pressure eased with new debt agreements. Bybit to cut up to 30% of employees. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Binance Claps Back; Hong Kong Scrutinizes NFTs
Binance hits back at Reuters and US SEC probes BNB initial coin offering. Hong Kong’s Securities and Futures Commission says some NFTs may fall under their purview. Artaverse kicks off debut event showcasing NFTs and local artists’ works in Hong Kong.
Global NFT Sales Rise; Hong Kong Embraces NFTs
Bitcoin tumbles with Nasdaq’s worst performance since 2020. Chinese mining rig maker Canaan placed on SEC pre-delisting list. NFT market breaks out of bear territory. Hong Kong sees explosion in NFT exhibitions. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Another Crypto Firm Leaves Singapore; S Korean Secrets Sold for Crypto
Three Arrows Capital to move base from Singapore to Dubai. Samsung Asset Management to list blockchain ETF in Hong Kong. South Korean crypto executive, soldier indicted for selling military secrets for Bitcoin. Innovation driving blockchain gaming space forward.
Coinbase India Setback; Hong Kong’s Bitcoin ATMs
Coinbase’s India launch hits road bump. South Korea’s Shinhan bank sets precedent for corporate crypto accounts. Expert says Singapore still on track to become a global crypto hub. Hong Kong leads the way for Bitcoin ATMs in Asia, but is their future in doubt? Those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Alibaba Invests in AR; Ronin Network Hacked
Alibaba leads funding round for AR glasses maker Nreal. Hong Kong's HKEx to trial digital assets trading in “Diamond” pilot. Axie Infinity blockchain Ronin suffers $600M exploit. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Malaysia’s Crypto Proposal; Hong Kong’s 11-Year-Old NFT Coder
Malaysian minister proposes making Bitcoin legal tender. India rules out offsetting crypto losses. Rate hikes and the outlook for crypto. An 11-year-old Hong Kong-born programmer gets into NFT business. More on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Fed's Upcoming Interest Rate Hike Could Move Bitcoin Price
Joe DiPasquale, BitBull Capital CEO, shares his bitcoin price analysis as an expected Fed rate hike later this week raises inflation concerns among investors. Plus, a look into the current state of the Hong Kong stock index as it sinks to a six-year low amid a recent COVID-19 outbreak and its potential impact on broader global markets.