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Hong Kong crypto frenzy, DeFi token surges 550%, NBA China NFTs — Asia Express – Cointelegraph Magazine

Our weekly roundup of news from East Asia curates the industry’s most important developments. Hong Kong moves bullish On Feb. 20, the Securities and Futures Commission (SFC) of Hong Kong launched a consultation on its proposed regulatory requirements for digital

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Hundreds of Fake ChatGPT Tokens Issued on BNB Chain and ETH as AI Popularity Surges

Illicit market participants are cashing in on the soaring popularity of ChatGPT by issuing fake tokens on several blockchains.  According to reports, no-gooders are taking advantage of the ongoing ChatGPT rave by issuing fake tokens. These malicious market participants have issued fake tokens branded after ChatGPT in the past few weeks. 132 of

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Arbitrum Surges Ahead as Ethereum’s Layer 2 Landscape Takes Shape

Arbitrum does not have a token, meaning it relied on the organic growth of its decentralized finance ecosystem to attract users to its platform. It is possible, though, that Arbitrum’s usage numbers have been inflated somewhat by bots designed to farm the platform’s yet-to-be-announced token. (When crypto protocols announce tokens,

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Interest-Free Stablecoin Lender Liquity’s LQTY Token Surges 45% as Regulator Goes After Paxos’ BUSD

The protocol runs a two-token model like MakerDAO. The difference, however, is that Liquity doesn't have a governance system. Therefore, large holders of LQTY cannot influence decision-making. The fully-decentralized setup also means the protocol's original design cannot be altered to introduce centralized stablecoins, which have recently come under regulatory scrutiny,

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