Little-known FTX co-founder Gary Wang testifies in Sam Bankman-Fried trial
Wang admits he implemented special privileges in the exchange’s code to enable Alameda Research to withdraw unlimited funds.
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Crypto fundraising in Q3 lowest in three years: Messari
The amount of funds raised by cryptocurrency firms dropped to a three-year low of US$2.1 billion in the third quarter of 2023, according to a new report published by on-chain intelligence firm Messari. See related article: CMCC Global raises US$100 mln to launch Hong Kong Web3 fund Fast Facts See related article: HKEX to launch…
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Crypto trust on trial: Bankman-Fried faces judgment
Top blockchain and crypto news: Spotlight on Bankman-Fried, Pudgy Penguins’ new revenue stream and Google’s Web3 goggles
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HKEX to launch smart contract settlement platform
Hong Kong Exchanges and Clearing Limited (HKEX) announced on Wednesday that it is implementing a smart contract upgrade to its Connect, a system that bridges Hong Kong and China’s stock markets, to enhance post-trade workflows and reduce settlement risk. See related article: SFC to monitor illegal VATP activities with Hong Kong Police Force Fast Facts…
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CMCC Global raises US$100 mln to launch Hong Kong Web3 fund
CMCC Global, a Hong Kong-based blockchain-focused venture capital fund, announced Wednesday that it raised US$100 million to launch the “Titan Fund.” See related article: SFC to monitor illegal VATP activities with Hong Kong Police Force Fast Facts See related article: Valkyrie CIO expects US spot Bitcoin ETF approval in Q2 2024 (Update adds comment from…
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Sam Bankman-Fried committed ‘massive fraud,’ says prosecutor in opening statements
Prosecutors allege the founder of the failed FTX cryptocurrency exchange had a reputation that was “built on lies” as hotly awaited trial begins.
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SFC to monitor illegal VATP activities with Hong Kong Police Force
The Securities and Futures Commission (SFC) of Hong Kong and the Hong Kong Police Force announced Wednesday the establishment of a working group to monitoring and investigating illegal activities related to Virtual Asset Trading Platforms (VATPs). See related article: Hong Kong crypto network Mixin loses US$200 million in hack Fast Facts See related article: JPEX…
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Bank of Korea to kick off wholesale CBDC pilot
South Korea’s central bank will be launching a pilot program for its central bank digital currency (CBDC) to explore infrastructure requirements, according to an Oct. 4 joint statement by the Bank of Korea (BOK), the nation’s Financial Services Commission (FSC) and the Financial Supervisory Service (FSS). See related article: CBDCs are coming. Here’s why you…
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EU wholesale CBDC plans to publish within weeks, France central bank governor says
European Union central banks will publish plans for a wholesale central bank digital currency (CBDC) in the coming weeks, François Villeroy de Galhau, the governor of France’s central bank, said at a Tuesday event in Paris. See related article: US legislators to discuss CBDC prevention bill on Sept. 20 Fast Facts See related article: Nepal…
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XRP up over 4% after judge denies SEC’s interlocutory motion
The XRP token rose 4.42% after a federal judge denied the U.S. Securities and Exchange Commission’s (SEC) motion to overturn its recent loss against Ripple Labs. XRP traded at US$0.5308 at 2:45 p.m. in Hong Kong on Tuesday, according to CoinMarketCap data. See related article: HK’s SFC & US SEC crack the whip as Blockchain…