zkSync Era’s new ZK Stack will use recursive scaling and “hyperchains” to create an ecosystem of interoperable protocols and sovereign chains.
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zkSync unveils new network of ‘Hyperchains’ — Testnet by end of year
zkSync Era’s new ZK Stack will use recursive scaling and “hyperchains” to create an ecosystem of interoperable protocols and sovereign chains.
HSBC rolls out cryptocurrency services in Hong Kong: Report
Three crypto ETFs listed on the Hong Kong Exchange are now reportedly available for trading at Hong Kong’s largest bank.
HSBC rolls out cryptocurrency services in Hong Kong: Report
Three crypto ETFs listed on the Hong Kong Exchange are now reportedly available for trading at Hong Kong’s largest bank.
Crypto adoption in Cyprus beefed up by ByBit license approval
Following Binance's departure from the island, ByBit strengthens Cyprus' crypto ecosystem with license approval for operations
Binance reverses decision to delist privacy coins in Europe
Binance said after carefully considering feedback from the community and several projects it revised operations to comply with EU standards.
Binance reverses decision to delist privacy coins in Europe
Binance has decided to reverse its plan to delist a number of privacy coins in Europe after it said it has revised operations in order to comply with local regulations.
In a comment from the cryptocurrency exchange recevied on June 26, Binance said that:
"After carefully considering feedback from our community and several projects, we have revised how we classify privacy coins on our platform to comply with EU-wide regulatory requirements."
It also commented that since it operates as an exchange registered in various EU jurisdictions, it is “obliged” to follow local regulations that require exchanges to, “be able to monitor transactions for coins listed on our platform."
Initially, Binance was to delist privacy tokens for users in France, Italy, Spain and Poland, rendering them no longer able to buy or sell 12 privacy tokens beginning on June 26.
BTC price up, fundamentals down? 5 things to know in Bitcoin this week
Bitcoin begins an "important" week for BTC price performance with $30,000 still intact at the weekly close.
BTC price up, fundamentals down? 5 things to know in Bitcoin this week
Bitcoin (BTC) starts a new week in a solid position above $30,000 after its latest rapid gains.
BTC price action continues to deliver on bulls’ expectations after weeks of sideways trading offered little relief. Can it continue?
That is the question on every trader’s mind this week. $30,000 held into the weekly close and beyond, but in a volatile crypto market, anything can and does happen.
The macroeconomic climate is somewhat “standard” for the final week of June, offering some potential risk asset price catalysts but avoiding several major data releases at once.
The weekend’s news out of Russia appears to have had little impact on market performance elsewhere, having mostly concluded before the start of the week’s trading.
Binance eyes United Arab Emirates as ‘focal point’ for future operations
Binance Dubai general manager Alex Chehade says there are plenty of good reasons why the UAE will become the world’s next major crypto hub.
Australia’s token mapping to be ‘tech agnostic,’ says Treasury official
The Australian Treasury’s token mapping of digital assets will adopt a “tech agnostic” and “principles-based” approach in order to define crypto assets, according to a Treasury official.
Speaking to Cointelegraph on June 26 at the Australian Blockchain Week, Trevor Power, an Australian Treasury Assistant Secretary said the framework will be structured to easily classify tokens based on their “function” and “purpose.”
“The token mapping paper spends a lot of time talking about the token, the system, the value delivered for the very purpose of trying to structure whatever regulation such that it draws on those principles so then a token can be placed within that,” Power said, adding:
“It's trying to be tech agnostic. It's not trying to be token specific.”
Power said “it’s fair to assume” crypto-specific legislation will appear sometime in 2024 — but that it ultimately depends on how it is received by Australia’s lawmakers.
Australia’s token mapping to be ‘tech agnostic,’ says Treasury official
Trevor Power hopes the framework will fall closer on the “spectrum” to the EU’s MiCA, as opposed to the current regulatory position in the U.S.
Bitcoin ETF fever returns: 'Biggest' inflow to ProShares' BITO in a year
ProShares’ BITO Bitcoin ETF saw a weekly inflow of $65 million as institutional investors have seemingly regained their mojo for Bitcoin futures.
'Keep Australia safe': Dystopian draft bill against 'misinformation' unveiled
The proposed legislation could have serious implications for free speech in Australia says Shadow Communications Minister David Coleman.
Crypto travel rule implementation ‘remains relatively poor,’ says FATF
The United Nations body called on all member states to implement the Travel Rule “without delay” to close “loopholes” not currently protected by regulation.
Crypto travel rule implementation ‘remains relatively poor,’ says FATF
The United Nations body called on all member states to implement the Travel Rule “without delay” to close “loopholes” not currently protected by regulation.
Huobi sues… Huobi? 3AC rises from ashes, Korea crypto contagion: Asia Express
Huobi Global’s woes intensify, OPNX exchange volume up 2.5M%, 3AC is dead — long live 3AC Ventures, South Korea crypto contagion update.
Huobi sues… Huobi? 3AC rises from ashes, Korea crypto contagion: Asia Express
Huobi co-founder sues own company for copyright infringement
According to local news reports on June 21, Leon Lin Li, former co-founder of cryptocurrency exchange Huobi Global, has filed a copyright infringement lawsuit against the company in Hong Kong. Li claims that despite selling his majority stake to an entity controlled by Chinese blockchain personality Justin Sun last November, his company, X-Spo, still possesses trademark rights associated with the term “Huobi Global,” and that “Huobi Global,” the actual exchange, has been using the trademark without authorization.
Former Huobi co-founder Leon Li (Twitter)Though it’s not immediately clear why Li seeks litigation against the very company and brand he previously built, a series of heated exchanges between Li and Justin Sun last month may offer some hints.
On May 16, Sun published a series of allegations against Wei Li, Lin Li’s brother. In the Twitter post, Sun accused Wei Li of “receiving millions of Huobi (HT) tokens through “abnormal means” at zero cost and of “consistently selling off these HT tokens and cashing out.” To which Lin Li replied: “I hope Huobi can provide evidence. If it is confirmed that it is zero-cost HT was obtained through illegal means, I will personally pay 10 times the HT [amount] to Huobi company.”
Hodlnaut’s last voyage?
According to a recent court filing, the fate of whether troubled Singaporean crypto lending firm Hodlnaut is to be dissolved or restructured will be sealed on August 7. Last August, Hodlnaut halted operations after disclosing that it lost over $300 million of its client’s assets from the implosion of the $40 billion Terra Luna ecosystem in May 2022.
Holdnaut team members before the onset of the crypto winter (SMU)The firm faces approximately $300 million in claims from creditors, who mostly wish to see the firm dissolved. That said, both co-founders Juntao Zhu and Simon Lee want to continue Hodlnaut’s operations, even though the company had reportedly lost 69% of users’ deposits. Last November, Singaporean police began a probe into Hodlnaut’s activities as the firm initially denied exposure to the Terra Luna ecosystem.
Huobi sues… Huobi? 3AC rises from ashes, Korea crypto contagion: Asia Express
Huobi Global’s woes intensify, OPNX exchange volume up 2.5M%, 3AC is dead — long live 3AC Ventures, South Korea crypto contagion update.
Huobi sues… Huobi? 3AC rises from ashes, Korea crypto contagion: Asia Express
Huobi Global’s woes intensify, OPNX exchange volume up 2.5M%, 3AC is dead — long live 3AC Ventures, South Korea crypto contagion update.