Regulation
China state-owned banks turn crypto-friendly in Hong Kong: Bloomberg
China banks in Hong Kong are offering services to crypto businesses, Bloomberg reported on Monday, as more digital asset firms operate in the city.
Timmy Shen
Contributor
Timmy Shen
Timmy Shen is a Taipei-based journalist at Forkast. Previously, he wrote for Caixin Global and TechNode, covering topics ranging from fintech to fan economy. He also cares about LGBT+ issues and is a shabu shabu fanatic. Timmy holds an MS degree from Columbia Journalism School.
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Bitcoin News
Bitcoin mining difficulty rises 7.6% to set new all-time high as hashrate jumps
Bitcoin’s mining difficulty level rose 7.56% on Friday, hitting an all-time high along with the network’s hashrate, showing miners are applying more computing power.
Timmy Shen
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Regulation
Hong Kong may face backlog in virtual asset license applications as demand grows, former SFC regulator says
Angelina Kwan, who helped shape early Hong Kong automated trading services and internet trading regulation, told Forkast the upcoming virtual asset licensing regime is almost identical to that for traditional financial institutions.
Timmy Shen
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Regulation
SEC warns Coinbase of potential legal action over staking, separately targets Tron founder Sun
The Securities and Exchange Commission has warned Coinbase, the largest cryptocurrency exchange in the U.S., it may face legal charges related to staking services and digital asset listings.
Timmy Shen
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NFTs and Art
K-pop star G-Dragon launches NFT on OpenSea with Fandom Studio, BNB Chain
South Korean singer G-Dragon has launched an NFT collection on OpenSea in collaboration with Fandom Studio.
Timmy Shen
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Regulatory News
Taiwan’s financial supervisory commission will oversee crypto, chair says
Crypto in Taiwan remains largely unregulated, but lawmakers have requested the cabinet to appoint a regulator by May 16 to oversee all things crypto.
Timmy Shen
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Bitcoin News
New York Community Bancorp unit to assume Signature Bank deposits, FDIC says
New York Community Bancorp will assume all deposits and certain loan portfolios of the failed Signature Bank, the FDIC said on Sunday.
Timmy Shen
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Regulation
US accuses exiled Chinese tycoon Guo Wengui of $1 billion crypto-linked fraud
Guo Wengui, an exiled Chinese billionaire, was arrested in New York on Wednesday for allegedly orchestrating a more than US$1 billion fraud conspiracy that included cryptocurrency, according to the U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC). See related article: U.S. banking regulators warn against cryptocurrency fraud, contagion risks Fast facts […]
Timmy Shen
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Regulation
New York regulator says Signature Bank closure ‘nothing to do’ with cryptocurrencies: Reuters
The decision to shut down Signature Bank at the weekend was not related to cryptocurrencies, the New York regulator told Reuters on Tuesday.
Timmy Shen
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Bitcoin News
Circle’s USDC stablecoin regains parity as regulators act to stop bank run risk
Circle said its $3.3 billion of USDC cash reserves at the collapsed Silicon Valley Bank will be available Monday after regulators stepped in to backstop deposits.
Timmy Shen
