Hong Kong retail cryptocurrency traders are experiencing new opportunities as local exchanges are launching retail trading services. This development comes after HashKey Exchange was granted Type 1 and Type 7 licenses by the Hong Kong Securities and Futures Commission (SFC) on August 3, allowing them to serve professional, institutional, and retail investors. In addition, digital
Ethereum
Circle, the company behind the popular United States dollar stablecoin USD Coin (USDC), is set to launch a native version of the stablecoin on the Base network. This move will replace the current USD Base Coin (USDbC) that users have been using as a substitute. In an announcement made on August 29, CEO Jeremy Allaire
The Controversial Decision of friend.tech The latest decentralized social media platform in the crypto space, friend.tech, has caused a stir within the community due to its recent announcement regarding penalties for users who choose to participate in forks or copycat versions of its tokenized social media platform. The decision to punish users has been met
Cryptocurrency news in East Asia continues to make headlines, with significant developments in various countries. From the opening of a new crypto exchange in Hong Kong to China’s crackdown on private blockchain firms, here are the latest updates from the region. Crypto exchange HashKey is set to open its doors to retail traders in Hong
The advent of Unstoppable Domains’ (UD) instant messaging system has marked a new era in Web3 communication. This groundbreaking development, announced by principal engineer Aaron Quirk on August 23, now allows owners of UD-registered usernames, such as .crypto, .wallet, and .polygon, to seamlessly message one another across various XMTP-enabled apps. To ensure privacy and security,
In a surprising turn of events, it has been revealed that former United States President Donald Trump owns over $2.8 million in an Ethereum wallet. This information was brought to light by the non-profit watchdog, Citizens for Responsibility and Ethics in Washington, in their recent financial statement release on August 14th. The financial report discloses
The recent brute force hack on RocketSwap Labs has sent shockwaves throughout the crypto community. With a staggering $865,000 or 471 Ether (ETH) stolen from the protocol, the project is now faced with the daunting task of picking up the pieces and bouncing back stronger than ever. The team behind RocketSwap Labs has wasted no
In the ever-evolving world of blockchain and cryptocurrency, a new development called Bitcoin Ordinals has emerged. Created by Bitcoin developer Casey Rodarmor in January 2023, Ordinals are inscriptions made on individual units of a digital asset. They function similarly to limited edition lithograph prints, where each Ordinal is numbered and holds a unique value. Adding
Collecting art has always been about more than just the art itself. It’s about the story behind the piece and the identity of the artist. However, the emergence of Non-Fungible Tokens (NFTs) has revolutionized the art world by providing a way to attribute provenance to digital objects. In recent years, there has been a surge
The non-fungible token (NFT) project y00ts has recently made the decision to switch blockchain networks once again, moving from Polygon to Ethereum. This move comes just four months after the majority of its NFTs were bridged from Solana to Polygon. The announcement was made by DeLabs, the NFT firm behind y00ts, through their X (Twitter)
Bitcoin Ordinals, a groundbreaking protocol launched earlier this year, has captivated the crypto community by offering a new way to inscribe assets like nonfungible tokens (NFTs) and Bitcoin-based cryptocurrencies on the Bitcoin blockchain. Recognizing the potential of this protocol, the team behind Bitcoin Ordinals has recently established the Open Ordinals Institute, a nonprofit organization dedicated
PayPal’s recent launch of its Ethereum-based stablecoin, PYUSD, has been met with both excitement and skepticism within the crypto community. On one hand, it is seen as a significant step towards mainstream adoption of Ethereum. The introduction of this stablecoin could propel Ethereum closer to becoming the money layer of the internet, according to Ethereum
Blockchain technology has been experiencing a tumultuous journey in East Asia, especially in China. Recent news reports have shed light on various issues plaguing the industry, from legal battles surrounding Bitcoin loans to the unexpected shutdown of the Multichain cross-chain bridge. Additionally, rumors of arrests and declining reserves have cast a shadow over cryptocurrency exchange
The co-founder and CEO of zkSync creator Matter Labs, Alex Gluchowski, has found himself in the midst of controversy. Polygon Zero, a zero-knowledge scaling firm, has accused Matter Labs of copying code from their system without proper attribution. In a blog post, Polygon Zero claimed that Matter Labs had incorporated what they referred to as
As uncertainty looms over Curve exposure in many decentralized finance (DeFi) protocols, the founder of Aave Chan, Marc Zeller, has put forward a proposal suggesting that Aave Treasury purchases $2 million worth of CRV tokens in USDT from Curve founder Michael Egorov. This strategic move aims to demonstrate DeFi’s support for DeFi, while at the
Artificial intelligence (AI) has become a crucial component in various industries, revolutionizing the way businesses operate. It involves the development of intelligent machines that can perform tasks typically requiring human intelligence. Over the years, AI has witnessed significant advancements, leading to a multitude of possibilities that have the potential to reshape our world. With continuous
In a recent incident, a scammer successfully executed a zero transfer phishing attack, resulting in a $20 million theft of Tether (USDT). This new method of scamming has raised concerns within the crypto community, as it continues to grow in popularity among attackers. The Zero Transfer Scam The scammer targeted a victim’s wallet address, tricking
In a surprising turn of events, a new memecoin named BALD, launched on Coinbase’s Base network, experienced a drastic 85% drop in value. This sharp decline was supposedly caused by the developer, who allegedly withdrew 1,034 Ether (ETH) from the market, which amounted to approximately $1.9 million. Reports from social media and blockchain data shed
Liquid staking tokens (LSTs) are quickly gaining momentum in the cryptocurrency world and are poised to replace Ethereum’s native cryptocurrency, Ether (ETH). With a market worth around $17 billion and growing steadily since Ethereum’s Merge, LSTs offer significant advantages over traditional ETH. Since the Merge, ETH can now be staked to generate an annual yield
The cryptocurrency industry has been eagerly awaiting regulatory clarity, and recent developments in the United States House panel have brought some hope. With the approval of the Financial Innovation and Technology for the 21st Century Act and the Blockchain Regulatory Certainty Act, crypto firms can finally expect guidelines on registration and removal of hurdles for
Worldcoin, the proof of humanity protocol, has recently released its audit reports, shedding light on the security issues within its data collection practices. As concerns about data privacy and protocol integrity continue to rise, two security consulting firms, Nethermind and Least Authority, were enlisted to conduct the audits. The reports offer valuable insights into the
After six months of trailing behind Arbitrum, the Optimism network has finally surpassed its competitor in transaction volume, according to recent data from blockchain analytics platform Artemis. Both networks, serving as layer 2 solutions for Ethereum, utilize optimistic rollup technology to streamline and consolidate transactions, potentially leading to reduced transaction fees. During season one of
Fidelity Digital Assets recently published their “Q2 2023 Signals Report,” expressing a positive outlook for Ether (ETH) in the next 12 months and the long term. While Ether has already gained 62% year-to-date, the investment firm’s bullish stance does not necessarily imply that the ongoing bullish trend will be sustained. To determine the accuracy of
ZkSync Era, a popular Ethereum layer-2 scaling solution, has recently introduced a groundbreaking proof system called Boojum. This system is based on the Scalable Transparent Argument of Knowledge (STARK) and is designed to operate on consumer-grade general processing units (GPUs). Boojum aims to enhance the efficiency and accessibility of Ethereum scaling protocols by leveraging zero-knowledge
In a significant development for the Web3 decentralized domain space, Unstoppable Domains has announced its support for .eth domain names from the Ethereum Name Service (ENS). This collaboration brings together two of the most prominent platforms in the industry, allowing users to create human-readable domain names and cryptocurrency wallet addresses. Unstoppable Domains and ENS have
CLabs, the organization responsible for the development of the Celo blockchain, is looking to reintegrate with the Ethereum ecosystem. They are planning to transition from an independent layer-1 blockchain to an Ethereum layer-2 solution. This proposal, discussed on Celo’s governance forum, suggests leveraging OP Stack as the architecture for the transition. By doing so, CLabs
Blockchain technology has seen impressive growth in recent years as businesses strive for digital transformation. According to a report by market research platform MarketsandMarkets, the global blockchain market is estimated to be worth $7.4 billion in 2022, with projected revenue of $94 billion by the end of 2027. This represents a compound annual growth rate