Hong Kong Government Opens Arms To Crypto Firms & Investors
The Southern Chinese city aims to become a center for digital asset companies. The Securities and Futures Commission will launch a public consultation on giving retail investors access to virtual assets.
62% Of Dogecoin Hodlers In Profit Amid Hopes Of Twitter Integration
DOGE price rallied 98.5% in the last seven days following Elon Musk's acquisition of Twitter, pushing the crypto into the eighth position in global crypto rankings.
Crypto Lender Hodlnaut Founders Deleted Over 1,000 Files, Shows Singapore Court Report
A Singapore court report has disclosed that bankrupt crypto lender Hodlnaut has been hiding some documents from the court-appointed Interim Judicial Managers (IJMs).
Terrorists Are Funding Their Horrible Deeds With Crypto: UN Officials
Cash and hawala remain the “predominant methods of terror financing,” according to a UN official. However, “advanced” terror organizations are turning to cryptocurrencies.
Mark Zuckerberg Cast As Web3 Supervillain In Forthcoming Game
The Rabbit Hole features characters that are “posed to defend Web3 from the corporate overlord, Metazuckbot.” The game will be released later this year or early next year. The NFT launch came the same day as Meta’s dismal Q3 earnings announcement.
Attacker Behind $14.5M Team Finance Exploit Returns $7M
The attacker behind last week’s $14.5 million exploit of crypto launchpad Team Finance has returned some $7 million worth of tokens to four projects over the weekend, data shows.
Huobi Stablecoin Plunges 70% As Justin Sun Readies Tron Replacement
The native Huobi stablecoin has now totally depegged from the US dollar, with the crypto exchange promising to swap tokens with Tether. HUSD’s recent plunge likely marks the end for the crypto exchange’s native stablecoin.
BNY Mellon, Nasdaq Say Institutions Want TradFi To Handle Their Crypto
BNY Mellon reported that 70% of institutional investors surveyed would be interested in crypto if they had services from firms they trust. TradFi is also hesitant to enter crypto without more regulatory clarity.
Aptos DeFi Project, Arco Protocol Under Fire, Asks Community For Confidence Vote
Aptos-based DeFi project Arco Protocol is facing criticism after a error-struck token sale and a sudden loss of key partnerships. The project has asked its community whether it still backs it, or if the project should just completely shut down.
Bitcoin, Ethereum, Filecoin, & ApeCoin Daily Crypto Price Analysis
The crypto market has continued to lower value as it shed 1.47% in the last 24 hours. Bitcoin shows a negative trend as it shed 1.43% over the last day. The value of Ethereum has also lowered as it shed 2.69% in a day. Filecoin and ApeCoin are both bearish as they have shed 5.96% and 4.57%.
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