Chinese court knocks back civil lawsuit over “illegal” crypto, Hong Kong exchanges gain momentum, The Block gets $60M from Singapore firm.
Decentral Block Post
Access real-time blockchain and cryptocurrency news updates from around the globe.
No civil protection for crypto in China, $300K to list coins in Hong Kong? Asia Express
Our weekly roundup of news from East Asia curates the industry’s most important developments.
Hashkey Exchange — one of the first regulated crypto exchanges in Hong Kong — has announced insurance coverage for clients assets stored in its hot and cold wallets. accounts. The policy will cover 50% of Hashkey’s digital assets in cold wallets and 100% of digital assets in hot wallets and pay out anywhere between $50 million to $400 million in the event of a claim.
Hashkey’s partnership with fintech OneDegree will also see the pair co-develop novel crypto security solutions for the exchange to manage server downtime, data back-up, and load control. “Getting insurance cover from OneInfinity by OneDegree not only fulfills the Securities and Futures Commission requirements, we believe the collaboration can also enhance our financial, technical, and service infrastructure to provide our customers with comprehensive protection,” said Livio Wang, COO of Hashkey Group.
Read also
Features
All rise for the robot judge: AI and blockchain could transform the courtroom
Public needs to know blockchain use cases, AI needs regulation now — Andrew Yang
The former presidential candidate spoke at NABS about opportunities the United States may be missing to blockchain and AI for public good.
Failed '$175M' real estate token raise draws ire of Texas regulators
"GS Partners promoted the products through a multilevel marketing scheme paying lavish commissions," regulators say.
Failed '$175M' real estate token raise draws ire of Texas regulators
"GS Partners promoted the products through a multilevel marketing scheme paying lavish commissions," regulators say.
Vivek Ramaswamy unveils crypto policy platform criticizing mixer sanctions
The Republican candidate claimed that mixers are protected by the U.S. Constitution’s First Amendment.
Tether plans major expansion into BTC mining with $500M investment: Report
Tether has ambitions to reach 1% of BTC mining computing power under its new CEO Paolo Ardoino. New facilities in South America will be part of the push.
Brazil's crypto regulatory environment is driving competitiveness — CEO of Coinext
Bitcoin maximalist José Ribeiro, CEO of crypto exchange Coinext, spoke with Cointelegraph at the Web Summit about Brazil's cryptocurrency landscape.
Aave Companies rebrands to Avara, acquires Ethereum self-custody ‘Family Wallet’
Liquidity protocol Aave’s parent company has been rebranded to Avara as it looks to streamline its suite of infrastructure products to attract a broader Web3 user base.
BTC price dips 4% as Bitcoin analysis reveals low liquidity above $33K
Bitcoin remains prone to volatility, while further downside offers the "path of least resistance" for BTC price next, analysis warns.
Boosting blockchain adoption by keeping tech on the back end
Builders are increasingly looking to streamline their applications with more familiar interfaces to onboard new users,
AI identity platform combats ownership and deep fakes
The new AI identity platform Hollo.AI takes on key topics of transparency, ethical use and content sovereignty in the age of rampant AI-generated deep fakes.
Dubai’s crypto regulator VARA switches leadership as it ramps up operations
Outgoing head Henson Orser will remain a consultant after Matthew White takes over as the new CEO of Dubai’s Virtual Asset Regulatory Authority.
Dubai’s crypto regulator VARA switches leadership as it ramps up operations
Outgoing head Henson Orser will remain a consultant after Matthew White takes over as the new CEO of Dubai’s Virtual Asset Regulatory Authority.
3AC co-founder Kyle Davies spotted in Bali, sources claim
Sources claim that 3AC co-founder Kyle Davies has been based in Bali for months as he continues to evade Singaporean authorities over the collapse of his failed hedge fund.
German Parliament member ’staunch opponent' of digital Euro, all in on Bitcoin
EU lawmakers are anticipating the arrival of the digital euro, though German politician Joana Cotar is pushing back against the currency and fighting in favor of Bitcoin.
German Parliament member ’staunch opponent' of digital Euro, all in on Bitcoin
EU lawmakers are anticipating the arrival of the digital euro, though German politician Joana Cotar is pushing back against the currency and fighting in favor of Bitcoin.
Game distributor G2A opens gaming-focused NFT marketplace
G2A Capital Group CEO Bartosz Skwarczek said that the marketplace will help gamers find information on Web3 games and buy and sell assets associated with the games.
US Congress members urge financial authorities to invalidate SEC’s SAB 121
In a memo, Congress members state that Federal banking agencies should not require financial institutions providing custody services for digital assets to maintain capital against the assets.
BlackRock files S1 form for spot Ether ETF with SEC
The world's largest asset manager filed the S1 form with the US SEC a week after registering iShares Ethereum Trust with the Delaware Department of State Division of Corporations.