News Explorer — Hong Kong Grants First Two Virtual Asset Exchange Licenses

Hong Kong has granted its first two virtual asset exchange licenses to HashKey Exchange and OSL, signaling a more welcoming approach to crypto. However, concerns remain that China’s crypto crackdown may spill over into the territory. The new regulatory regime sets minimum rules for exchanges, including anti-money laundering measures, and aims to establish Hong Kong as a crypto hub.

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Aug 3, 4:51 am

DL News

Hong Kong Grants First Two Virtual Asset Exchange Licenses

Hong Kong has granted its first two virtual asset exchange licenses to HashKey Exchange and OSL, signaling a more welcom… Read Summary

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Aug 3, 4:10 am

The Block

BlockFi Bankruptcy Plan Receives Conditional Approval from Court

BlockFi’s bankruptcy plan has received conditional approval from the U.S. bankruptcy court in New Jersey. The company is… Read Summary

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Aug 3, 4:12 am

The Block

Huobi Cofounder Buys 10 Million CRV From Curve Founder Michael Egorov for $4 Million

Huobi cofounder Jun Du has purchased 10 million CRV tokens from Curve founder Michael Egorov for $4 million. Du has lock… Read Summary

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Aug 3, 3:58 am

Coindesk

Twitter Bots Pumped Alameda-Linked Coins After FTX Listings

A report from the Network Contagion Research Institute (NCRI) reveals that Twitter bots were used to artificially pump t… Read Summary

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Aug 3, 3:02 am

Decrypt

ASIC Sues EToro Australia for Allowing Inexperienced Investors to Use High-risk Products

eToro’s Australian division is facing a lawsuit from the Australian Securities and Investments Commission (ASIC) for all… Read Summary

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Aug 3, 2:50 am

Coindesk

Shiba Inu Is Working on a Blockchain-based Digital Identity System

Shiba Inu is aiming to strengthen trust among its users and governments by tying all applications to a blockchain-based… Read Summary

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Aug 3, 1:29 am

DL News

Circles USDC Stablecoin Market Cap Has Plummeted Over 40% This Year

Circles USDC stablecoin has seen its market capitalization drop over 40% since the beginning of the year, reaching below… Read Summary

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Aug 3, 1:29 am

Reuters

HashKey Becomes the First Licensed Crypto Exchange in Hong Kong to Serve Retail Users

HashKey, a crypto exchange based in Hong Kong, has landed a license update from the Hong Kong Securities and Futures Com… Read Summary

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Aug 3, 1:26 am

Coindesk

FTX Seeks to Exclude Dubai Unit From Bankruptcy Proceedings, Citing Lack of Business Activity

FTX, the bankrupt crypto exchange, has filed court documents to exclude its Dubai unit from the winddown proceedings in… Read Summary

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Aug 2, 4:10 pm

Decrypt

Elizabeth Warren, Bernie Sanders Demand Crackdown on ‘Crypto Tax Evaders’

Left-leaning lawmakers, including Senators Elizabeth Warren, Bob Casey, Richard Blumenthal, and Bernie Sanders, have urg… Read Summary

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Aug 2, 3:00 pm

The Block

Robinhood Reports 18% Drop in Crypto Revenue Last Quarter

Robinhood’s transaction-based revenue from cryptocurrencies decreased by 18% in the second quarter, primarily due to a d… Read Summary

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Aug 2, 3:01 pm

Decrypt

How Coinbase Makes Money Has Shifted Since Its IPO

Coinbase’s second-quarter earnings report may indicate a shift in its revenue streams, with transaction fees potentially… Read Summary

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Aug 2, 12:39 pm

Blockworks

Google Joins Celo Network as Validator as Blockchain Shifts to an Ethereum Layer-2 Solution

Google Cloud has become a validator on the Celo Network, a layer1 blockchain that aims to provide a mobile-first experie… Read Summary

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Aug 2, 12:23 pm

The Block

Yuga Labs’ Forge Game Holds Onto Users Twice as Well as Dookey Dash

Yuga Labs’ latest video game, Forge, is retaining twice as many users as its previous title, Dookey Dash. The game has a… Read Summary

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