The coastal city was a prominent manufacturer of footwear, fabric and other light industries during the 1970s and 80s, and then grew into one of the world’s biggest container ports. Now it’s trying to reinvent itself in the digital world of blockchain.
BlockFi’s Zac Prince says they have fully liquidated 3AC positions. Meanwhile, Hong Kong’s central bank works with the Bank of Israel to study CBDC security.
Huobi’s diversified businesses outside of China reached nearly 70% in terms of trading volumes, and have been on the rise, its co-founder tells Forkast.News.
Huobi’s institutional-grade crypto funds will invest in Bitcoin, Ether and crypto mining now that Hong Kong’s ‘very friendly’ regulators gave their thumbs up.
China’s Twitter-like platform disabled the crypto exchanges’ accounts on the same day China vowed to ‘crack down’ on businesses that sound like crypto.
Is it because Huobi has an in-house Communist Party relations office, while rival exchange Binance does not? Gather ’round for a Tale of the Two Cryptos.
Other top headlines from around the world: Microsoft wants to power mining with brain waves. Crypto exchanges Huobi and OKEx under fire. China shifts to digitally sweep ancestral graves.