Hồ Xuân Hương Introduction
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Month: February 2023
Hong Kong Proposes Rules for Crypto Trading Platforms
Service platforms that do not plan to apply for a license should start preparing for closure in the jurisdiction, Hong Kong’s securities regulator said.
Hedge fund closes operations after losing funds in FTX exchange: Report
Galois Capital will return 90% of the available funds to investors and temporarily hold on to the remaining 10%.
OKX’s February Proof-of-Reserves Report Shows $8.6B in ‘Clean Assets’
Data from CryptoQuant maintains that reserves are 100% clean, compared to 94% for Binance and 61% for Huobi.
What is a supernet, and how does it work?
A supernet or umbrella network combines multiple smaller networks or blockchains into one larger network.
A ‘snap back’ to $20K? 5 things to know in Bitcoin this week
Bitcoin is seeing split opinions as major $25,000 resistance combines with early signs that all is not well with the BTC price rally.
Helium to Fully Migrate to Solana Blockchain by March 27
This upgrade will encompass all wallets, Hotspots, and Helium Network state, and will take place over a 24-hour transition period on the decided date.
Crypto Hedge Fund Galois Shuts Down After Losing $40 Million to FTX: FT
Galois co-founder said the fund has halted all trading as it is no longer viable post-FTX.
South Korea’s Kimchi premium turns to discount
The “Kimchi premium” has flipped to discount again, and could be saying something about crypto market sentiment, at least in South Korea.
Get Me Risa Heller!
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‘Unworkable’ bill to ban blockchain immutability is introduced in Illinois
Florida-based lawyer Drew Hinkes described the bill as “the most unworkable state law” related to blockchain and cryptocurrency that he has ever seen.
Yield platform Stablegains sued for promoting UST as a ‘safe’ investment
The stablecoin yield platform is being sued for customer losses following exposure to the Anchor Protocol and UST collapse last year.
Voyager Creditors Subpoena Sam Bankman-Fried, Other Former FTX, Alameda Executives
Voyager’s Creditors also subpoenaed Samuel Trabucco, Nishad Singh, Gary Wang, and Caroline Ellison
Goodbye, CSS-Tricks
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Nifty News: Yuga in doghouse over Kennel Club logo, NFT marketplace wars rage on and more
The logo for a popular Yuga Labs NFT collection is being changed after it was seemingly ripped off from a follow-along children’s drawing creator.
First Mover Asia: Bitcoin Opens the Week Testing $25K
Also: Hong Kong will unveil its new crypto licensing framework for Virtual Asset Service Providers in June, but the regulation will not allow retail investors to trade digital, contrary to what a recent tweet suggests. The regulation focuses on accredited, professional investors.