Bitcoin ATMs face existential threat in Hong Kong
Authorities in Hong Kong moving to block retail investors from accessing non-derivative crypto products could undermine the presence of Bitcoin ATMs in the city with the most crypto ATMs in Asia.
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Coinbase’s India launch hits road bump
The governing body overseeing India’s Unified Payments Interface (UPI) said it isn’t aware of any cryptocurrency exchange using the platform, hours after Coinbase said users could use the same to buy and trade cryptocurrencies. See related article: SEC threatens to sue Coinbase over high-yield savings account Fast facts Nasdaq-listed Coinbase launched crypto trading services in…
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China’s Communist Party wants to regulate NFTs
The Economic Daily, a mouthpiece of the Chinese Communist Party, called for stricter regulation of “digital collectibles” as investors continue to speculate in non-fungible tokens (NFTs). See related article: Ant Group, JD.com, Tencent pledge to resist speculation of ‘digital collectibles’ Fast facts See related article: WeChat bans NFT accounts, citing ‘crypto speculation’
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Sky Mavis raises $150 mln to offset Ronin hack, Axie NFT sales surge more than 350%
News of Sky Mavis raising US$150 million to compensate users following the around US$600 million hack on its Ronin Bridge led to a surge in Axie non-fungible tokens (NFT) sales. See related article: Axie Infinity blockchain Ronin hacked for over $600M Fast facts Binance leads the round along with Hong Kong-based Animoca Brands, a16z, Dialectic,…
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Why gamers dislike NFTs — and what might turn them around
Would gamers and developers still feel disdain for NFTs if companies used blockchain technology differently? Will Deane explores the possibilities.
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Will London be Europe’s next crypto capital?
Top blockchain and cryptocurrency news: Britain’s crypto gamble. WAVES crashing. China’s big digital yuan push.
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Former Hong Kong finance Tsar to launch NFTs
John Tsang Chun-wah, the city’s longest-serving Financial Secretary, will launch 3,000 non-fungible tokens (NFT) of his portrait, becoming Hong Kong’s first civil servant to profit from the trend. See related article: Hong Kong Exchange to trial digital assets trading in ‘Diamond’ pilot Fast facts Tsang is the longest-serving Financial Secretary since the handover. He lost…
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China’s Shandong TV to build NFT marketplace
The television station in China’s Shandong province plans to build a “digital collectibles” trading platform and issue its own non-fungible tokens (NFTs), becoming the latest state-run media outlet to join the trend. See related article: WeChat bans NFT accounts, citing ‘crypto speculation’ Fast facts Shandong Television has started developing its own blockchain to run its…