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Hong Kong
Hong Kong is a significant hub in the global cryptocurrency landscape, home to numerous blockchain companies, crypto exchanges, and enthusiasts. The region boasts a robust regulatory framework, fostering a conducive environment for crypto-related activities. Renowned crypto exchanges like Bitfinex and OKEx are headquartered here, facilitating vast daily trading volumes. Hong Kong's blockchain networks are advanced, supporting various protocols and fostering innovation in the crypto space. The region's crypto community is diverse, involving investors, traders, developers, and blockchain startups. Despite its traditional finance background, Hong Kong has embraced the digital asset revolution, positioning itself as a leading player in the crypto world.
Software Firm Meitu Lost Up to $52.3M in H1 Due to Slide in Crypto Prices
The app developer had bought 940.89 BTC and 31,000 ETH in spring of 2021.
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."
Hong Kong’s Hoo.com Expects to Re-Open Some Token Withdrawals Today; Finblox Takes Steps to Address Liquidity
Several Hong Kong-based crypto platforms have made changes to their policies amid the market upheaval and liquidity crunches.
Animoca Brands Acquires Most of Educational Tech Company TinyTap for $38.9M
Hong Kong-based gaming investment firm Animoca made the acquisition one week after it revealed a $1.5 billion portfolio.
OSL and Interactive Brokers Partner for Crypto Services in Hong Kong
Interactive Brokers will offer crypto services to professional clients in Hong Kong.
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.
Crypto Lender Babel Finance Lands Unicorn Status With $80M Series B
The funding round sets the firm's valuation to $2 billion.
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.”
Bitcoin Sell-Off Continues as Asian Markets Fall Amid Weak China Cues
Bitcoin continues losses as major markets around Asia end the week.
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.