Software firm Meitu loses US$17.3M on Bitcoin
Higher value of Ether investments softens blow to value of Bitcoin holdings.
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Binance suspends SEPA euro deposits as CZ calls compliance a ‘journey’
Facing an onslaught of regulatory scrutiny, Binance CEO calls crypto regulations ‘positive sign’ of a maturing industry and announces new hires in compliance.
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Hong Kong CBDC project looks to commercialize for cross-border payments
Eddie Yue, CEO of Hong Kong Monetary Authority lays out the future of the territory’s digital currency at a Hong Kong Academy of Finance event.
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Will Basel Committee’s proposed rules for crypto banking fly?
The standards-setter for banks around the world wants to subject crypto like Bitcoin to higher capital requirements. What do industry players think?
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Hackers demand $70m in Bitcoin ransom from US software company Kaseya
A ransomware attack on U.S. software company Kaseya has likely affected between 800 and 1,500 businesses around the world, the company said in a statement on Monday, as the group claiming responsibility for the attacks demands US$70 million in Bitcoin to release user’s data. Fast facts Cybercrime group REvil, which is linked to Russia, claimed…
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Ethereum’s London hard fork to launch Aug 4
Ethereum’s long-awaited London hard fork — which earlier was expected to go live this month — is now going to launch on August 4 between 13:00 UTC and 17:00 UTC with block 12,965,000, Ethereum developer Tim Beiko said in a recent blog post. Fast facts Following the successful release of its three testnets, Ropsten, Goerli and…
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Huobi’s public blockchain expands with Animoca, CoinMarketCap and DeFi projects
Huobi Eco Chain, an open-source, decentralized public blockchain, today announced 11 new partners, including Hong Kong-based blockchain gaming company Animoca Brands and crypto data website CoinMarketCap — which is owned by Huobi rival Binance — that will run validating nodes to improve the stability and decentralization of the network. Fast facts Other new validators include…
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Why decentralization is essential for protecting user data and privacy
Centralized data management is outdated and vulnerable to hacking, says Li Jun of Ontology. Here’s how blockchain can make data more secure.
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Pavilions hotel chain to begin accepting crypto as payment
Global resort group Pavilions Hotels & Resorts will allow its customers to use crypto to book stays as of tomorrow, its managing director for Asia has told Forkast.News. Fast facts Scot Toon said Pavilions had partnered with British payment service Coindirect to allow guests paying in more than 40 cryptocurrencies, including Bitcoin and Ethereum, to…
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Bitcoin and Ethereum see positive institutional investment flows as Grayscale adds Cardano to large cap fund
Institutional sentiment appears to be shifting back to being positive toward crypto as crypto investment products saw inflows of US$63 million for the first time in five weeks, according to a report by CoinShares, Europe’s largest digital asset investment firm. Previously, there were four straight weeks of crypto fund outflows. Fast facts: “For the first…