Why domestic and overseas Chinese should worry about China’s crypto ban
In a special Q&A, a Canadian law advisor who works with Chinese clients breaks down the ban’s potential legal boundaries and concerns held by overseas Chinese.
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e-CNY wallet launched in China allows transfer via chat window
Chinese communications giant China Mobile and Industrial and Commercial Bank of China jointly released an e-CNY wallet based on the upgraded SMS service Message over 5G. The wallet allows users to transfer money, check balances, pay bills, and perform other functions through the chat window. Fast facts Message over 5G is an upgraded text message…
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Illegal foreign exchange transactions using crypto in South Korea break record, grow fortyfold
The country sees a rise in the amount of illegal currency transactions across the border while the use of virtual assets makes it almost impossible to track down.
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What are stablecoins, and why are some governments so afraid of them?
Stablecoins combine the portability of crypto with the price stability of fiat currencies. But are they all that stable?
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Bug bites DeFi protocol Compound again
Technical woes continue to beset decentralized finance (DeFi) protocol Compound this week as a hack resulted in 202,472 COMP, or US$68 million at the time, being transferred from its reservoir to its Comptroller where the funds remain vulnerable to being drained by subsequent transactions. Fast facts Yearn.Finance developer Banteg tweeted about the hack late Sunday…
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How will China’s new dictates affect Hong Kong’s future as a crypto hub?
Mainland China’s recent clampdowns on crypto are reverberating beyond its borders. In a special Q&A, former regulator and crypto industry leader Angelina Kwan discusses what this means for Hong Kong.
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Crypto on the beach: FTX and other players find paradise in the Caribbean
This week, FTX announced it is moving its headquarters from Hong Kong to the Bahamas, as the larger Caribbean region takes on a bigger role as host to virtual currency exchanges.
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South Korean game developer, crypto exchange team up for next level gaming
Mobile game company Gamevil buys a large share of crypto platform Coinone, planning to develop blockchain-based gaming.
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A crypto-trading hamster is outrunning Warren Buffett
Although scarcely the size of a human palm, Mr. Goxx is earning big returns in the virtual currency market, raking in a 16% return as of Tuesday.