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NBA-China Scandal Crashes Nike Sneaker-Backed Crypto Token Price

News A now-viral post by a Chinese cryptocurrency trader has highlighted the stark drop in the price of American sneaker-backed tokens in the wake of the fallout between the NBA and China. As Reuters reports on Oct. 16, the anonymous trader’s Weibo post from earlier this month had shone a spotligh..

Bitcoin Price: Which Countries Have the Biggest Premiums?

Analysis Up until early 2018, major cryptocurrency markets the likes of South Korea and Japan demonstrated high premiums for Bitcoin. At the 2017 peak, when the Bitcoin price was trading at around $20,000 in the U.S. spot market, Bitcoin was being traded in South Korea’s cryptocurrency exchange ma..

Non-Seizability of Bitcoin Very Attractive for Hong Kong: Pompliano

News Bitcoin’s (BTC) use as a protector of wealth is coming to the fore in Hong Kong as trading volumes spike and businesses iron out problems with acceptance. Trading record underscores Bitcoin’s “non-seizability”As multiple commentators including Morgan Creek Digital co-founder Anthony Pompliano..

Diginex Becomes First Asian Firm to Join Steptoe-Led Blockchain Alliance

News Hong Kong-based digital financial services startup Diginex has become the first firm in Asia to join the Blockchain Alliance led by Steptoe & Johnson law firm. Over 100 members in 19 countriesDiginex — which claimed to be the “first fully-diversified blockchain player on Nasdaq” — has officia..

Hong Kong Citizens Struggle to Withdraw Cash in “Bank Run”: Bitcoin Fixes This

Over the past few months, Hong Kong, a Special Administrative Region of China, has been subject to countless protests by pro-democracy demonstrators. These individuals fear that the mainland Chinese government, which pledged in 1997 to keep the previously British region separate from Beijing until ..

Hong Kong’s SFC Releases Regulations for Crypto Fund Managers

News Hong Kong's securities regulator, the Securities and Futures Commission (SFC), has officially released regulations for crypto fund managers. The SFC published the regulatory circular on its website on Oct. 4. In the 37-page document titled “Proforma Terms and Conditions for Licensed Corp..

Major Asian Blockchain VC Firm Launches New Bitcoin Tracker Fund

News Major Asia’s blockchain-focused venture capital firm CMCC Global has launched a new institutional tracker fund for Bitcoin (BTC). Custody by Hong Kong Stock Exchange-listed firmCalled the Liberty Bitcoin Fund, the Bitcoin index fund deploys Anxone, a custodial solution developed by BC Group, ..

Bitcoin Startup BitPay: Slammed by Hong Kong News Outlet

While Bitcoin is inherently a decentralized technology, meaning that payments can be disintermediated and peer-to-peer, some services in the cryptocurrency ecosystem are subject to the issues that come with centralization. It seems that one of these services is BitPay, an Atlanta-based Bitcoin paym..

New Study Reveals Countries With Most Registered Crypto Exchanges

News The United Kingdom, the United States, Hong Kong and Singapore have the largest number of registered digital currency exchanges, according to data from Bitfury’s blockchain analytics platform Crystal. Crystal published its “Report on International Bitcoin Flows 2013–2019” on Sept. 9, in which..

‘Never Use BitPay’ — Hong Kong Free Press Slams Bitcoin Donation Block

News Cryptocurrency payment processor BitPay faces another publicity nightmare amid claims it blocked donations to Hong Kong for several weeks. According to a complaint on social media by Tom Grundy on Sept. 11, founder of crowdfunded media outlet Hong Kong Free Press (HKFP), BitPay suddenly began..

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