On January 31, the Hong Kong Monetary Authority (HKMA) stated that it would give priority to the supervision of stablecoins. The major global financial centre is striving to become a virtual asset center.
Why does blockchain matter? People might have different answers to this question. To Kevin de Patoul, the co-founder of Keyrock, a digital-asset market maker, blockchain enables the market to provide liquidity on a broader scale of asset types.
Binance, the world's leading cryptocurrency exchange, resumed stablecoin USDC withdrawals about eight hours after it announced a pause in the service on December 13 while it carried out a "token swap."
Data from analytics site CryptoQuant recently revealed that Binance has surpassed Coinbase Pro, a leading crypto exchange platform, to reach the top rank in terms of Bitcoin reserves on the exchange for the first time.
Crypto giant Binance said on November 8 that it has signed a non-binding letter of intent to fully acquire its rival FTX, helping to cover a liquidity crunch. Binance was the first investor to back FTX.
FTX Ventures, a capital investment fund under crypto exchange FTX, has invested in Lens Protocol, a composable and decentralized social graph created by the team behind decentralized finance lending platform Aave.
XEN token is a recently launched Ethereum project minted by paying gas fees. According to a blog post by X-explore on October 13, an attacker has been minting the XEN token for free, while the FTX crypto exchange pays the gas fees.
Huobi Global, a leading crypto exchange, has agreed to be purchased by Hong Kong-based investment company About Capital Management (HK) Co., Limited. Leon Li, Founder and CEO of Huobi, will no longer serve as the shareholder and actual controller of the company.
Mysten Labs, a Web3 infrastructure company and developer of the Sui Layer 1 blockchain, announced its completion of a $300 million Series B funding round on September 8. This fresh capital values the company at more than $2 billion.
Video game retailer GameStop announced on September 7 that it has entered into a partnership with FTX US, one of the biggest cryptocurrency exchanges. GameStop's shares, which are down 35% this year, rose 11% in extended trading.
Crypto derivatives exchange FTX said on September 5 that it will suspend deposits and withdrawals of Terra Classic (LUNC) and TerraClassicUSD (USTC), and delist Anchor Protocol (ANC) tokens, starting from September 12.
News emerged on August 29 that crypto exchange FTX has officially acquired its competitor Huobi and will change its name to HTX. However, this rumor was denied by FTX's founder and CEO Sam Bankman-Fried.