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China
Binance Employees, Volunteers Tell Users How to Bypass China’s Crypto Ban: CNBC
Some employees and support volunteers at crypto exchange Binance are helping customers in China and worldwide subvert Binance's controls to hide their country of residence or origin, according to a CNBC report. "The Hash" panel discusses the potential weaknesses in Binance's know-your-customer and anti-money-laundering efforts and the revelations about the state of crypto in China despite a ban on all crypto transactions.
Binance Users in China, Elsewhere, Evade KYC Controls With Help of 'Angels': CNBC
Some Binance employees and volunteers shared tips on forging bank documents, falsifying addresses or hiding the country of origin to secure a Binance debit card, CNBC reported, citing Binance-controlled Chinese-language chatrooms, whose messages it translated.
KuCoin Has Closed a $10M Funding Round Into CNHC, but Is the Offshore Yuan Right for a Stablecoin?
Circle Ventures, the venture arm of the USDC-issuer, and IDG Capital also joined the round.
21.co CEO Sees ‘No Material’ Impact on Bitcoin Following Silvergate’s SEN Platform Closure
Hany Rashwan, co-founder of the Zug, Switzerland-based ETP provider, says bitcoin’s price is being driven by more macroeconomic factors, including inflation and East Asian traffic.
China’s Blockchain Bet
Host Joel Flynn breaks down Beijing's blockchain ambitions and their significance to the technological developments in China. That story and other news shaping the cryptocurrency world in this episode of "The Daily Forkast."
Bitcoin Off to Positive Start in March
March has been an unpromising month for bitcoin (BTC), with prices falling in seven out of the past 12 years. Nevertheless, bitcoin is off to a positive start this month as Chinese factory activity smashed expectations in February, rising to its highest level in 11 years. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Bitcoin Higher Amid Upbeat China Manufacturing Data; Deribit To Offer Bitcoin Volatility Futures
Bitcoin (BTC) traded higher on Wednesday as upbeat China manufacturing data alleviated global growth concerns and improved risk appetite in global financial markets. Crypto options exchange Deribit will soon launch BTC volatility futures, offering investors a simpler way than options to hedge against market volatility. Plus, Mt. Gox creditors are about to recover some of their funds following a 10-year liquidation process. Still, concerns that large amounts of BTC will be released onto the market are overdone, according to UBS.
Justin Sun Says Hong Kong’s New Licensing Regime Could Shift Policy in Mainland China, Eventually
In the interim, if granted a VASP license, the Tron founder says Houbi will launch a new exchange, Huobi Hong Kong, to comply with regulators.
Justin Sun: Hong Kong Has Become One of the Most Important Web3 Hubs
Huobi is planning to apply for a crypto exchange license in Hong Kong called the "Virtual Asset Service Provider license," as the city warms up to crypto. Huobi Global Advisor and TRON Founder, Huobi Global Advisor, and Ambassador of Grenada to the WTO Justin Sun shares his outlook, saying "Hong Kong is very bullish [and] the most important driving force is from mainland China."
Justin Sun on Crypto Outlook in Hong Kong
Cryptocurrency exchange Huobi Global is seeking a license in Hong Kong called the "Virtual Asset Service Provider license." Justin Sun, founder of TRON, Huobi Global Advisor, and Ambassador of Grenada to the WTO, discusses what this could mean for crypto trading in Hong Kong and mainland China.