Cryptocurrency Archives

SEC Sues Justin Sun and His Companies Over Crypto Violations

On March 22, SEC filed a formal lawsuit against Justin Sun, the founder of Tron, as well as three of his wholly-owned companies. The charges against them include accusations of selling securities illegally, engaging in fraud, and manipulating the market.

Hong Kong Plans to Allow Retail Investors to Trade Cryptocurrencies

On February 20, the Hong Kong Securities and Futures Commission proposed new rules that would let retail investors trade certain "large-cap" cryptocurrencies on licensed exchanges. This move comes in contrast to mainland China's strict crackdown on crypto trading.

Hong Kong Monetary Authority Plans to Bring Stablecoins into Scope of Supervision

On January 31, the Hong Kong Monetary Authority (HKMA) stated that it would give priority to the supervision of stablecoins. The major global financial centre is striving to become a virtual asset center.

Keyrock: Liquidity Makes Blockchain Matter

Why does blockchain matter? People might have different answers to this question. To Kevin de Patoul, the co-founder of Keyrock, a digital-asset market maker, blockchain enables the market to provide liquidity on a broader scale of asset types.

Huobi Aims to Obtain 100 Million Users by End of 2023

Cryptocurrency exchange firm Huobi, which oversees a continuously running platform without a single security breach in 10 years of operations, has set a goal of reaching 100 million users by the end of 2023.

Alibaba Cloud Experiences System Failure Surpassing 12 Hours

Alibaba's cloud computing unit suffered a system shutdown on December 19 that caused services to be interrupted for more than 12 hours. The anomaly was triggered by the failure of refrigeration equipment at a data center site operated by PCCW.

Huobi Co-Founder Appointed CEO of New Huo Tech to Diversify Digital Asset Business

Jun Du, the co-founder of crypto exchange Huobi, has been appointed as the executive director and CEO of New Huo Tech, leading the Hong Kong-listed one-stop crypto asset service platform to further diversify its digital asset business in the future.

Huobi Partners With Tron to Launch First National Token in Dominica

In order to advance the global development of Web3 and the metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world's first national token, the Dominica Coin (DMC).

Amazon Web Services Reportedly Conducting Secret Business in Chinese Cryptocurrency Field

Various blockchain projects with unclear entanglements in virtual currency reportedly served as the revenue pillars for Amazon Cloud Services (AWS) in China. Amazon China was using a well-designed system to hide these projects under the guise of AWS.

Defendant in ETH Theft Case in China Sentenced to Over 10 Years in Prison

The defendant in a cryptocurrency theft case in Southeast China has been sentenced to 10 years and six months in prison and fined 200,000 yuan ($28,240).

Who Is Responsible for the GALA Token Incident?

The price of a GALA token on crypto exchange Huobi recently plummeted to nearly zero, stemming from a maneuver carried out by pNetwork, which locked up GALA on the Ethereum blockchain and re-minted it as "pGALA" on the Binance Smart Chain.

Huobi Denies Mass Layoffs and Departure of Executives

Reports have emerged claiming that the former CEO and CFO of Huobi, a crypto exchange that has been purchased by a Hong Kong-based investment company, have resigned, and that large-scale layoffs will be carried out. However, this report was then denied by company officials.

Hong Kong Unveils Measures to Develop Virtual Assets Value Chain

The Hong Kong government issued a policy statement on the local development of virtual assets at the opening of the city's flagship tech conference Hong Kong FinTech Week on October 31, aiming to promote the city as an international crypto hub.

Binance Invests $500M in Elon Musk’s Twitter Acquisition

With Elon Musk taking over Twitter, Binance, the world’s largest crypto exchange, confirmed on October 28 that it was an equity investor in the billionaire’s $44 billion acquisition.

Hong Kong to Legalize Retail Crypto Trade as Mainland Ban Persists

A planned mandatory licensing program in Hong Kong for crypto platforms set to be enforced in March of next year will reportedly allow retail trading. Regulators are seeking to allow listings of bigger tokens but won't endorse specific ones like Bitcoin or Ether.

Crypto Mining Firm Canaan Launches Cutting-Edge Bitcoin Mining Rigs

Chinese crypto mining rig manufacturer Canaan Inc. on October 24 launched the Avalon Made A13 series, a new generation of bitcoin mining machines.

Attackers Mint XEN Token for Free Through Crypto Exchange FTX’s Hot Wallet

XEN token is a recently launched Ethereum project minted by paying gas fees. According to a blog post by X-explore on October 13, an attacker has been minting the XEN token for free, while the FTX crypto exchange pays the gas fees.

Justin Sun Is Reportedly the Core Investor of Huobi Acquirer About Capital

Justin Sun, a Chinese cryptocurrency entrepreneur and the founder of Tron, a blockchain DAO ecosystem, is reportedly the core investor of Hong Kong-based investment company About Capital Management, which recently purchased crypto exchange Huobi Global.

MetaMask Institutional Onboards Third Round of Custodians

Blockchain software firm and MetaMask developer ConsenSys unveiled the third round of institutional custodians that have been onboarded to MetaMask Institutional (MMI).

Developer of Mini-Game “Sheep a Sheep” Claims Infringement by GameFi Version

Following the release of a digital mini-game called "Sheep a Sheep," which has recently gone viral in China, a new GameFi version has quietly been launched. Its token price has experienced roller coaster-like fluctuations within a short period of time.

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