Cryptocoins News / Finance Magnates - 1 year ago
Hong Kong influencer Joseph Lam has disassociated himself from the crypto platform JPEX, denying any allegation in the unfolding investigation of the exchange. Lam held a press conference yesterday (Friday), revealing that he had not only closed hi...
Bitcoin News / Bitcoin.com - 1 year ago
Bitmain, a leading bitcoin mining rig manufacturer, has introduced the newest addition to its Antminer products: the S21 series. The newest models have an efficiency rating under 20 joules per terahash (J/T) and produce between 200 terahash per secon...
Cryptocoins News / The Cointelegraph - 1 year ago
Bankrupt crypto exchange FTX has opened a lawsuit against former employees of its Hong Kong affiliate company, Salameda, to recover $157.3 million. Defunct cryptocurre...
by COINS NEWS - 1 year ago
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Bitcoin News / Bitcoin.com - 1 year ago
The Hong Kong Monetary Authority said on Sept. 10 that crypto firms presenting themselves as banks are in contravention of the region’s Banking Ordinance. The HKMA argued such descriptions “may mislead members of the public into believing...
Cryptocoins News / Finance Magnates - 1 year ago
The cryptocurrency landscape has been constantly evolving, with nations around the world taking various stances on its integration. Which country is, however, the most 'ready' for full adoption of digital assets? According to the latest report by For...
Cryptocoins News / The Cointelegraph - 1 year ago
The JPEX fraud saga began last week when the SFC revealed it had received 1,400 complaints against the exchange regarding fraud, withdrawal freezes and declining wallet balances....
Cryptocoins News / Finance Magnates - 1 year ago
After just three months of easing cryptocurrency regulations in Hong Kong, authorities are already discussing tightening them again. In the wake of alleged fraud at JPEX, an unlicensed cryptocurrency exchange in the Chinese special administrative reg...
by COINS NEWS - 1 year ago
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Bitcoin News / Bitcoinist - 1 year ago
Crypto firms in Hong Kong have received a stern warning from the Hong Kong Monetary Authority (HKMA), urging them to refrain from using the term “bank” in their operations unless they hold the status of an authorized institution. The reg...
by COINS NEWS - 1 year ago
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Bitcoin News / Bitcoinist - 1 year ago
Former lawyer and crypto influencer Joseph Lam has been apprehended by the Hong Kong Police for allegedly associating with troubled cryptocurrency exchange JPEX. A local media outlet reported, citing sources familiar with the case, that the police ar...
Cryptocoins News / The Cointelegraph - 1 year ago
Hong Kong police reportedly arrested crypto influencer Joseph Lam (Lin Zuo), who goes by the username “jolamchok” on Instagram, for his association with crypto exchange JPEX....
by COINS NEWS - 1 year ago
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by COINS NEWS - 1 year ago
A Hong Kong Legislative Council member has assured Ethereum co-founder Vitalik Buterin that the friendly cryptocurrency policies in Hong Kong are “very stable.” In response to Buterin’s comments expressing his unfamiliarity with Hon...
Cryptocoins News / CoinJournal - 1 year ago
The probe into JPEX has resulted in the arrest of one person. The JPEX exchange has allegedly been operating in the country without a license. JPEX’s native token, JPC, has experienced a 21.98% decline in value over the past 24 hours following...
Cryptocoins News / The Cointelegraph - 1 year ago
The HKMA said that funds placed on unlicensed “crypto banks” are not protected by the region’s deposit protection scheme. The Hong Kong Monetary Authority (HKMA) has i...
Cryptocoins News / CoinJournal - 1 year ago
Hong Kong warns crypto firms against using the word “bank” The Hong Kong Monetary Authority (HKMA) says only licensed banks can take “deposits.” Using terms such as digital bank, crypto bank and crypto asset bank contravenes...
Cryptocoins News / The Cointelegraph - 1 year ago
Community members shared reports that the crypto exchange’s staff abandoned their booth at Token 2049 in Singapore after the warning. Crypto exchange JPEX has reported...
by COINS NEWS - 1 year ago
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Cryptocoins News / The Cointelegraph - 1 year ago
Johnny Ng of Hong Kong’s Legislative Council said he “sincerely invites” Vitalik Buterin to Hong Kong to better understand the situation regarding its crypto-friendliness....
by COINS NEWS - 1 year ago
While Hong Kong grabbed the top spot with a crypto readiness score (CRS) of 8.36, the United States fell down a spot to third place after recording a fall of 6.5% in its CRS score — from...
Cryptocoins News / The Cointelegraph - 1 year ago
The Hong Kong Monetary Authority, Bank of Israel and Bank for International Settlements teamed up to address the complex issues of rCBDCs. The Bank for International...
Cryptocoins News / Blockchain - 1 year ago
The Hong Kong Monetary Authority (HKMA) and the Bank of Israel (BOI) have collaborated on a report titled "Project Sela – An accessible and secure retail CBDC ecosystem". The project aims to create a retail central bank digital currency framework tha...
Cryptocoins News / Finance Magnates - 1 year ago
The cryptocurrency exchange, OKX is at the final stretch of its virtual asset service provider (VASP) license in Hong Kong. The exchange is expected to receive approval by March 2023. Hong Kong adopted a pro-crypto stance in 2023 but has since been c...
