News
Hong Kong ‘ready’ to capitalize on crypto’s next bull run: Hashkey Capital
Hashkey Capital partner of liquids funds and research, Jupiter Zheng, says the crypto sector in Hong Kong is now primed for significant growth over the next four to five years. Hong Kong is “very ready” for the next wave of mass crypto adoption, with an influx of...
Yuga Labs confirms UV lights likely cause of eye issues at ApeFest
The Bored Ape Yacht Club’s official Twitter account said an investigation confirmed suspicions that UV lights were the likely cause of the reported eye and skin issues suffered by some attendees. Ultraviolet (UV) lights were the likely culptit behind the reported...
Ripple, Onafriq partner for new payment corridors for Africa, UK, Australia and Gulf
The deal aims to enable faster, cheaper payments between 27 African countries, working with three Onafriq partners. Ripple will power new payment corridors between 27 African countries and Australia, the United Kingdom and the Gulf Cooperation Council (GCC) under a...
Ava Labs cuts 12% of staff to ‘reallocate resources’ toward expansion
Ava Labs CEO Emin Gün Sirer however stressed the firm is well-positioned with significant runway and resources at its disposal. Ava Labs, the team behind the Avalanche Blockchain, has confirmed it laid off 12% of its employees in a recent wave of staff cuts, citing...
Luxor refutes claims its Bitcoin hashrate-backed product is BlockFi, Celsius 2.0
“The return comes from hashrate, not from pixie dust, ponzi schemes, or rehypothecation,” a Luxor Technology executive stressed. An upcoming Bitcoin (BTC) hashrate-backed product that could offer 10% to 13% returns shouldn’t be compared to failed products by BlockFi...
Fake Ledger Live app sneaks into Microsoft’s app store, $588K stolen
The $588,000 was stolen across 38 transactions, with the largest transfer totaling $81,200. Almost $600,000 in Bitcoin (BTC) has been stolen from users who downloaded a fake Ledger Live application on Microsoft’s app store, according to cryptocurrency sleuth...
Bug in Fed’s payment system prevents bank customers from getting paid
Banks stressed customer accounts “remain secure” and balances will be updated as soon as the issue is resolved. Some of the largest United States banks are not able to facilitate customers deposits after one of the Federal Reserve’s payment systems suffered an outage...
Sam Bankman-Fried found guilty on all 7 charges in FTX fraud trial
U.S. Attorney Damian Williams called Bankman-Fried’s crimes "a multibillion-dollar scheme designed to make him the king of crypto" and one of the biggest financial frauds in American history. Former FTX CEO Sam Bankman-Fried was found guilty of all seven charges by a...
JPEX scandal won’t hurt Hong Kong crypto vision: Financial Secretary
Christopher Hui took the stage at Fintech Week and outlined a list of regulatory moves Hong Kong authorities are looking to implement following the JPEX scandal. The Hong Kong government says the recent $165 million alleged scandal involving crypto exchange JPEX won’t...
AI chatbots are illegally ripping off copyrighted news, says media group
AI developers are taking revenue, data and users away from news publications by building competing products, the News Media Alliance claims. Artificial intelligence developers heavily rely on illegally scraping copyrighted material from news publications and...