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BitMex Insurance Fund Can Finance 51% Attack on Bitcoin Cash For a Year
Hong Kong-based trading platform BitMEX owns so much Bitcoin that it could launch multiple 51 percent attacks against some altcoins for months. Bitcoin Insurance Fund Worth $76 Million Those were the results of calculations from social media commentators this week as it emerged BitMEX’s Insurance Fund now contains 21,350 BTC ($75. дальше »
2019-1-24 05:00 | |
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Hong Kong Cryptocurrency Entrepreneur Accused of Scamming Investors of Millions
On January 7, 2019, The South China Morning Post reported that several residents had been duped of over HK$3 million (~$382,000) in a crypto mining scheme by entrepreneur Wong Ching-kit. Backstory: Face of a Mining Operation Wong Ching-kit, a cryptocurrency entrepreneur, has been accused of running a scam by several Hong Kong residents who accuse him of making away with just under. дальше »
2019-1-9 12:00 | |
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Hong Kong Crypto Investors Claim to Have Lost HK$3 Million in ‘Mining Machines’ Scam
A new crypto controversy has surfaced in Hong Kong where investors are claiming to have been duped by a promoter. The investors claim to have invested in Wong Ching-kit’s cryptocurrency mining machines. дальше »
2019-1-8 15:54 | |
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Bitcoin playboy who ‘made it rain’ accused of HK$3M fraud
You might remember Wong Ching-Kit, the self-styled Bitcoin ‘millionaire’ behind last month’s outlandish publicity stunt, which saw thousands of dollars rain from the sky in one of Hong Kong‘s poorest neighbourhoods. дальше »
2019-1-7 16:57 | |
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Major Hong Kong Winemaker is Buying a Japanese Cryptocurrency Exchange
A major winemaker, listed on the GEM board of the Hong Kong Stock Exchange is to acquire a majority stake in a Japanese cryptocurrency trading platform. The deal is meant to “achieve a better return” to the company’s shareholders. дальше »
2018-12-28 05:00 | |
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Millionaire Who Gave Away $12 Million USD In Cash In Hong Kong Was Not A Bitcoin Millionaire
Millionaire Who Gave Away $12 Million USD In Cash In Hong Kong Was Not A Bitcoin Millionaire A very curious story happened in Hong Kong recently. The story, which was reported by many of the major media outlets, tells the story of a millionaire who reportedly sprayed more than $12 million USD in cash in […] дальше »
2018-12-18 02:50 | |
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Overstock’s tZERO to Develop a Cobalt-Backed Token for Hong Kong Investor
The engagement could lead to the tokenization of up to $200 million worth of cobalt, which is used to make electric vehicle batteries, in 2019. дальше »
2018-12-18 21:40 | |
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Bitcoin Cash ‘Hash War’ May Soon End As Losses Near $12M
The total cost of the ongoing ‘hash rate war’ affecting Bitcoin Cash has topped $11. 8 million, data from Hong Kong-based cryptocurrency trading platform BitMEX shows. SV Bears Brunt Of Giant Losses Fresh research uploaded to social media November 21 reveals the true extent of the curious phenomenon, in which miners have opted to mine Bitcoin Cash’s two forks at a loss. дальше »
2018-11-23 18:00 | |
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OKEx Forces Early Settlement Of BCH Futures Contracts
Major cryptocurrency exchange, OKEx, faces a backlash from traders, after changing the terms on $135 million of Bitcoin Cash (BCH) futures contracts. The exchange says it forced early settlement of the contracts to protect investors from volatility following the Bitcoin Cash split. дальше »
2018-11-19 19:00 | |
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Bitcoin Miner ‘Canaan Creative’ IPO Will Not Happen in 2018
Bitcoin mining equipment maker, Canaan Creative, on Thursday (November 15, 2018) allowed its Initial Public Offering (IPO) filing to elapse. Reports suggest that the company will shelve its IPO plans at least for the remainder of the year. дальше »
2018-11-15 23:00 | |
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Bitfinex Updates Fiat Withdrawal Fee Structure, $30,000 Fee to Withdraw $1 Million
Hong Kong-based cryptocurrency exchange platform Bitfinex announced its updated fee structure for high frequency/size fiat withdrawals, through a blog post published November 11, 2018. Notably, regular withdrawals are unaffected by this change. дальше »
2018-11-14 18:00 | |
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Hong Kong’s ‘Young Wizard of Investment’ Indicted for HK$6.9 Million in Bitcoin Mining Scam
HK Stock Market Commentator Indicted In HK$6. 9 Million Crypto Scam Hong Kong Media platform, The Standard, has reported that investors have complained that Raymond Yuen, a prominent stock market commentator, ran a fraud scheme and deprived the people of nearly 7 million Hong Kong Dollars. дальше »
2018-11-5 20:42 | |
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Spiking Private Token Sale Becomes Oversubscribed, Receives $30 Million
Spiking received a great reception from investors as the blockchain platform that lets users follow crypto whales received $30 million from its private token sale. The blockchain-based asset validation and AI driven crypto trading infrastructure of the company will be set up in Shatin, Hong Kong. дальше »
2018-10-26 17:29 | |
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Social Trading Platform Spiking Raises $30 Million
Spiking, a Hong Kong-based company, announced yesterday that it is setting up its crypto trading platform after earning $30 million during its private sale and ICO, which experienced more demand than expected. дальше »
2018-10-26 17:12 | |
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Cryptos Gain Adoption Amid Venezuela’s Economic Turmoil
Life in Venezuela is anything but. Last year, the South American nation of 32 million led the world with 652% inflation and this year the economic turmoil is even worse. As of September 2018, the annual inflation was estimated at 200,000% and International Monetary Fund (IMF) said it could spike to a mindboggling 1,000,000% by December. дальше »
2018-10-10 22:30 | |
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Bitfinex Challenges Insolvency Rumors, Provides Proof of Wallet Reserves
Top-three cryptocurrency exchange Bitfinex is pushing back against claims that call its solvency into question. The Hong Kong-based company released a blog post on October 7, 2017, that states, contrary to recent rumors, it is not insolvent. дальше »
2018-10-9 00:43 | |
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Binance to Make Listing Fees Transparent, Give Proceeds to Charity
Binance, the largest cryptocurrency exchange by trading volume, said that it will make new cryptocurrency listing fees transparent and donate 100 percent of those fees to charity. дальше »
2018-10-8 22:20 | |
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Bitmain IPO Prospectus Reveals Offering May Be a Gamble for Investors
Bitmain, the biggest company in bitcoin mining, has filed for its IPO in Hong Kong. As part of the approval process, the company submitted a prospectus to the Hong Kong stock exchange at the end of August 2018. дальше »
2018-9-28 23:08 | |
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Former UBS Bankers Are Building a Crypto Bank in Switzerland
Seba Crypto AG (SEBA) has raised 100 million Swiss francs ($103 million) for the creation of a regulated bank that lets customers trade fiat for digital currency. The Zug-based startup is headed by former UBS managers Guido Buehler, who serves as CEO, and Andreas Amschwand, who serves as chairman. дальше »
2018-9-27 22:14 | |
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New Japanese Crypto Project to Be Funded Hk$100 Million by Hangzhou-Backed Firm
There has been a rise in blockchain-based projects, and Grandshores Technology Group doesn’t want to miss the opportunity to find the next unicorn. The Hong Kong listed company turned from a contractor to a blockchain investor. дальше »
2018-9-20 12:49 | |
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Chinese Investors Keen To Back Japanese Stablecoin
A Hong Kong investment firm has plans to raise over HK$100 million (US$12.75 million) in order to back a Japanese Yen based stablecoin. The post Chinese Investors Keen To Back Japanese Stablecoin appeared first on Ethereum World News. дальше »
2018-9-19 15:44 | |
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Chinese Investment Group to Raise Funds for Japanese Stable Coin
Grandshores Technology Group, a Hong Kong-based public blockchain investment company, is planning to raise $12. 7 million through a digital token fund in an effort to finance a yen-backed cryptocurrency project. дальше »
2018-9-19 11:00 | |
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Hong Kong–Based Blockchain Fund Makes Its Case for Yen-Backed Stablecoin
Grandshores Technology Group, a Hong Kong–listed investment holding company, is seeking to raise around $12. 7 million through a digital token fund, according to reports from the South China Morning Post (SCMP). дальше »
2018-9-19 00:42 | |
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Crypto Exchange Huobi Acquires a Hong Kong-based Public Listed Firm for $70 Million
Huobi Group acquired 199 million shares of the Pantonics Holding Ltd at HK$2.72 (or $0.35) per share, through its two subsidiaries - Huobi Universal and Huobi Capital. The post Crypto Exchange Huobi Acquires a Hong Kong-based Public Listed Firm for $70 Million appeared first on CoinSpeaker. дальше »
2018-8-30 20:18 | |
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Huobi Exchange Planning to Acquire Hong Kong Based Electronics Firm for $77 Million
Popular cryptocurrency exchange Huobi is reportedly seeking to purchase a majority share of a Hong Kong-based electronics manufacturing service provider in a $77 million dollar acquisition. дальше »
2018-8-28 22:13 | |
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Crypto-Exchange Huobi May Go Public on Hong Kong Stock Exchange
The Singapore-based cryptocurrency exchange Huobi is facilitating a majority shareholder takeover of a Hong Kong-listed company, which could see Huobi go public based on regulatory approval. Huobi Going Public? As noted by HKEX News, Pantronics Holdings, a Hong Kong Stock Exchange (HKEX) listed investment fund focusing on electronics, is transferring over 221 million of its […] The post Crypto-Exchange Huobi May Go Public on Hong Kong Stock Exchange appeared first on CryptoSlate. дальше »
2018-8-28 20:00 | |
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Local Hong Kong Universities Get $20 Million For Blockchain Payment System Research
Local Universities in Hong Kong Awarded $20 Million to Pursue Research Regarding Blockchain-Based Payment Systems Based on a report from China News on August 12th, it seems that Hong Kong does not want to be left behind when it comes to blockchain technology. дальше »
2018-8-18 23:59 | |
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Hong Kong: Universities Receive $20 Million for Blockchain and Fintech Research
Hong Kong’s push for implementing blockchain technology within its fintech prowess is fast progressing. The island country granted $20 million for the research and development of blockchain-based payments systems to several local universities, as reported by China News on August 12, 2018. дальше »
2018-8-17 04:00 | |
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GSR Capital Invests in Overstock’s tZERO Startup Worth Up to $404 Million
GSR Capital Injects $270 Million Into tZero, A Blockchain Startup GSR Capital, a Hong Kong based private equity firm injected $270 million on tZero, a startup based on the blockchain technology. A publication in the press indicated that Overstock also established that the private equity firm would inject more outlay of approximately $30 million during […] дальше »
2018-8-16 23:20 | |
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HK’s GSR Capital To Invest $374M in Overstock, $270M Goes to Blockchain Subsidiary tZERO
Hong Kong-based private equity firm GSR Capital will invest a total $374.55 million in e-commerce retailer Overstock, with $270 million to be allocated for its blockchain subsidiary tZERO.
дальше »2018-8-10 14:20 | |
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Overstock’s tZero Blockchain Security Token Offering Raises $134 Million
Overstock, a wildly popular company, is the parent company of tZero. It’s subsidiary recently held a security token offering and raised an impressive $134 million in the process. One of the primary investments in the venture was made by GSR Capital, a Hong Kong-based equity firm. When it comes to tZero’s token sale, CEO Patrick […] дальше »
2018-8-10 10:49 | |
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GSR Capital to Invest as Much as $400 Million in tZero and Overstock Forcing the Shares Soar
Hong Kong-based equity firm GSR Capital has agreed to invest as much as $400 million in tZero and Overstock. After the announcement, Overstock shares soared by 21 percent in after-hours trading. The post GSR Capital to Invest as Much as $400 Million in tZero and Overstock Forcing the Shares Soar appeared first on CoinSpeaker. дальше »
2018-8-10 09:47 | |
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OKEx Clawback Debacle Helps Case for a Regulated Bitcoin ETF
The OKEx debacle shows us that exchanges are dropping the ball when it comes to preventative risk management, helping the case for regulated Bitcoin futures and exchange-traded funds (ETF). Ask for forgiveness later, not permission now. дальше »
2018-8-8 03:00 | |
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OKEx Injects $18 Million (2500 BTC) in Forced-Liquidation To Reduce Clawback Damages
OKEx Confirms $9 Million USD Clawback After Huge Bitcoin Future Fails The Hong Kong-based exchange OKEx has recently needed to claw back millions from counterparties after a user made a huge gamble on Bitcoin futures and lost. дальше »
2018-8-4 23:36 | |
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OKEx Issues Forced Liquidation Incident Update by Injecting 2500 BTC in Futures Market
OKEx $460 Million Liquidation Happening Within Hours OKEx, a Hong Kong-based cryptocurrency exchange may be in some trouble as a result of a trade. The exchange recently processed a USD/BTC futures contract, worth about $460 million. дальше »
2018-8-3 10:40 | |
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Bitmex Trades 1 Million Bitcoins in 1 Day Breaking Industry Record
Hong Kong-based trading platform Bitcoin Mercantile Exchange (BitMEX) has revealed it traded over 1 million Bitcoin in the 24 hours through July 24. For a single venue, however, BitMEX claims it has broken an industry record. дальше »
2018-7-26 19:51 | |
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BitMEX Breaks Industry Record With 1 Million Bitcoins Traded in One Day
Hong Kong-based trading platform Bitcoin Mercantile Exchange (BitMEX) has revealed it traded over 1 million Bitcoin in the 24 hours through July 24. ‘Astronomical Surge’ In Volume As Bitcoin prices continue to hover above $8000, major exchanges have handled daily volumes exceeding $5 billion this week. дальше »
2018-7-26 16:00 | |
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Ketch’up Bike Sharing Company Invests $1 Million into JPAY & CyClean Tokens
One of the most successful bike-sharing firms in Hong Kong, Ketch’up Bike, has allegedly sold a major share of its firm to hold the funds needed to take part in the Initial Coin Offering (ICO) of CyClean. дальше »
2018-7-26 09:50 | |
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Ex-Triad Gangster Raises $750 Million in Five Minutes To Supposedly Launch Chess and Poker Tournaments
A gangster based out of Macau in China, Wan Kuok-koi “Broken Tooth,” raised $750 Million in an Initial Coin Offering (ICO) has partnered with an undisclosed Beijing-based firm to back chess and poker tournaments. дальше »
2018-7-18 22:00 | |
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Crypto.com Drops New Cryptocurrency Enabled Visa Card at TechCrunch
Hong Kong based Monaco has rebranded to Crypto. com since it purchased the domain name for several million dollars and has announced its new cryptocurrency enabled MCO Visa card at TechCrunch. MCO Visa Enables Purchases with Crypto Kris Marszalek, CEO and co-founder of blockchain-based startup Crypto. дальше »
2018-7-13 08:18 | |
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The Philippine regulator will issue a $ 67 million Gritto Exchange license aimed at producing
The authority that governs the Philippines Cagayan Special Economic Zone and Freeport is aiming to earn $67 million just by issuing cryptocurrency exchange licenses. According to a report from the country’s government news agency on Tuesday, the Cagayan Economic Zone Authority (CEZA) has announced it has just granted a principle operation license to a Hong Kong-based дальше »
2018-7-11 12:58 | |
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