Cryptocurrency Analysis and News Portal
Authorities in Hong Kong have arrested two individuals accused of laundering about $384 million using various avenues including a cryptocurrency exchange trading platform. If convicted, the two face a maximum jail sentence of 14 years plus a fine of $5 million. An Indictable Offense Two people accused of laundering about $384 million
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On Thursday, Pricewaterhouse Coopers’ (PWC) Hong Kong unit announced that it purchased a land site in The Sandbox metaverse. The PWC Hong Kong branch will be the first internationally recognized professional services brand to enter The Sandbox metaverse. PWC Hong Kong Enters the Metaverse While land located next to Snoop Dogg’s Sandbox
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PwC Hong Kong, an international subsidiary of the global PricewaterhouseCoopers (PwC) organization, announced Thursday its emergence in the metaverse space with the acquisition of LAND in the popular world The Sandbox.Though the cost of its LAND asset was undisclosed, it was noted that PwC Hong Kong intends to construct a
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On Tuesday, Solana nonfungible token (NFT) project Monkey Kingdom, which has received notable backing from American DJ Steve Aoki, announced via Twitter that hackers made off with $1.3 million of the community's crypto funds through a security breach on Discord. According to its developers, the hack first occurred with the breach
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With a gripping theme of “Infinity Games,” Hong Kong’s Digital Entertainment Leadership Forum (DELF) was held over the past weekend at Cyberport, a business park and home to a creative digital community. Gamers of all ages gathered for a glimpse of what evolving video games have in store for the
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This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. Bad news for EvergrandeEven after all the regulatory crackdowns, China isn’t letting 2021 slip away without a few more
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China and Hong Kong are in the second phase of testing cross-border transactions using central bank digital currencies (CBDCs), Mu Changchun, director of the Digital Currency Institute of the People’s Bank of China, said Thursday, according to Shanghai Securities News. Source
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Huobi Tech is introducing crypto lending for institutional investors in Hong Kong, according to a company press release shared with CryptoX.The loans will range from $10,000 to $100 million in USDT and other currencies, and will carry an 8.8% fixed-term annual percentage rate, a company representative told CryptoX via email.The
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Hong Kong University of Science and Technology (HKUST) lives up to its name by providing one of the most advanced blockchain educations available in the world. table { border-collapse: collapse; width: 100%; } tr{ border: 1pt solid black; } td{ padding:5px; font-size: 24px; text-align: center; } tr td:nth-child(1){
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Outside the university’s walls, Hong Kong has an illustrious place in the brief history of blockchain and crypto. The largest stablecoin in the world, tether, was created there as well as the crypto derivatives exchange FTX Trading, to name just two. Hong Kong’s financial regulations have been relatively friendly to
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