The Securities and Futures Commission (SFC) of Hong Kong announced it will update its policies on virtual currency sales and requirements “in light of the latest market developments and enquiries from the industry”. In an Oct. 20 notice, the SFC said under the updated guidelines, certain virtual currency products will only be available to professional investors. In addition, intermediaries in…
Hundreds of new cryptocurrencies join the market every year, but Bitcoin still stands above them all. Its success can be attributed to many factors, like its mainstream recognition, pioneering status and, of course, its meticulously designed economic principles. Central to this design is Bitcoin mining — a process that allows miners to receive rewards for validating transactions. However, unlike many…
Bitcoin keeps heading higher as BTC price strength flies in the face of a hawkish Fed, but concerns over a retracement are building. Source: https://cointelegraph.com/app/public/index.php/news/bitcoin-30k-xrp-price-ripple-legal-victory
Ever wondered what Vitalik Buterin’s most worried about for the future of Ethereum? During a recent AMA on Farcaster, one user asked just that, to which the Ethereum co-founder responded: “The risk that crypto stagnates, things like privacy and open internet infrastructure become lost causes.” Another user asked something similar, wondering what the 29-year-old Canadian-Russian developer thinks “about most of…
A self-proclaimed jack of all trades and master of none, OSF has become a prolific figure in the nonfungible token world in just over two years, trading his former life at Barclay’s to focus full-time on Web3, his digital art pursuits, his PFP project Rekt Guy and living the life of a degen collector. The self-deprecating 34-year-old Englishman has a…
Bitcoin (BTC) tapped $30,000 into the Oct. 20 Wall Street open as analysts directed attention to the weekly close. BTC/USD 1-hour chart. Source: TradingView BTC price sets up weekly close showdown Data from Cointelegraph Markets Pro and TradingView captured new two-month BTC price highs of $30,233 on Bitstamp. The pair showed continued strength during the Asia trading session, with a…
On Oct. 10, the development team for gaming project FinSoul carried out an alleged exit scam, siphoning away $1.6 million from investors through market manipulation, according to a recent report from blockchain security platform CertiK shared with Cointelegraph. The FinSoul team allegedly hired paid actors to pretend to be its executives, then raised funds for the sole purpose of developing…
While celebrating a new court win in Ripple’s legal battle with the SEC, the community mourns the demise of LBRY, which some say was “regulated to oblivion.” Source: https://cointelegraph.com/app/public/index.php/news/sec-drops-xrp-case-lbry-shuts-down
Our weekly roundup of news from East Asia curates the industry’s most important developments. Bitmain allegedly fired staff after salary complaints Bitcoin application-specific integrated circuit (ASIC) mining manufacturer Bitmain has allegedly fired three of its employees for speaking to the media regarding the withholding of salary payments by their employer. According to local news reports on Oct. 17, citing an alleged internal…
Popular social network platform Reddit announced the wind-down of its blockchain-based community points program on Oct. 17 citing scalability issues. The announcement created controversy in the crypto community with many calling it a rug-pull as the price of the native token on different subreddits tanked after the announcements. Each subreddit had its own native token. For example, the Moons (MOON)…
