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HashKey Exchange has officially opened its doors, marking its entry as the first licensed retail virtual asset exchange in Hong Kong. HashKey Exchange, Hong Kong’s first licensed retail virtual asset exchange , has officially commenced operations. The launch event was a collaborative effort among representatives from the Hong Kong Special Administrative Region (HKSAR) government, major banking institutions, insurance companies, and Big 4 auditing firms. It's a momentous day! HashKey Exchange Grand Launch is TODAY, and we're poised to set new standards in crypto services. Join us for inspirational speeches and a peek at the road ahead. The future is bright! #Crypto #launch #HongKong pic.twitter.com/8N93TFQ2po — HashKey Exchange (@HashKeyExchange) August 28, 2023 You might also like: HashKey to debut Bitcoin and Ethereum retail trading in Hong Kong The HashKey Exchange platform allows for direct bank transfers in both USD and HKD and cryptocurrenci...

Amid ongoing regulatory efforts, the U.S. Securities and Exchange Commission (SEC) is poised to contest Ripple’s recent victory. Binance captures attention with ambitious growth moves, while PayPal introduces its very own stablecoin.  Greater scrutiny in the U.S. This week, government agencies sought to establish clarity. The Federal Reserve introduced an innovative endeavor aimed at overseeing cryptocurrency operations within banking institutions. The Novel Activities Supervision program will diligently track activities pertaining to cryptocurrencies, encompassing trading and lending, with a particular emphasis on enhancing the security of stablecoin s. The SEC deferred its decision on the Bitcoin ETF proposal put forth by Ark Invest and 21Shares, with the intention to gather insights from the general populace. The agency chose not to approve nor reject the proposal. The recent actions undertaken by the SEC garnered considerable public interest, as the commission initi...

Upland, a metaverse app, is collaborating with FIFA to offer fans an immersive experience of the FIFA Women’s World Cup Australia & New Zealand 2023, reports on July 21 reveal. Upland to launch FIFA Women’s World Cup in metaverse The partnership aims to engage the FIFA Women’s World Cup fan community. Supporters can have a fully immersive and unique experience of the FIFA Women’s World Cup Australia & New Zealand 2023 through the metaverse platform designed for the event. The metaverse platform features FIFA Women’s World Cup Australia & New Zealand 2023-themed Cafes, allowing fans to collectively socialize, chat, and support their teams, celebrating women’s football.  Additionally, the platform offers a collection of digital assets and highlights videos related to FIFA’s tournaments, which fans can experience in a gamified manner. This allows fans to acquire, trade, and complete different collections of digital assets, sh...

In a move aimed at further strengthening regulations and protecting users in the crypto market, South Korean financial authorities are reportedly gearing up to initiate a research project for the second phase of the country’s virtual asset legislation. Second phase of laws to address crypto financing and issuance The South Korean parliament’s recent passage of the ‘Virtual Asset Protection Act’ has laid the foundation for enhanced user protection and the regulation of unfair trade practices in the crypto industry. Now, the focus is on complementing these regulations by addressing issues related to financing and virtual asset issuance via initial coin offerings (ICOs). According to the Korean-language business news outlet Chosun Biz, the Financial Services Commission (FSC) has confirmed that a Joint Task Force on Digital Assets meeting was held on July 3, where discussions were held regarding the outline of the second stage of South Korea’s crypto legislation. South Korean financi...

Fans of Richard Heart awaited the launch of his magnum opus, Pulse, with bated breath. They forgave HEX for languishing 80% below all-time highs — or worse — while they waited. They forgave months of delays, SEC subpoenas, and hundreds of millions of dollars worth of inaccessible funds. Finally, after four testnets and inexplicable postponement, Heart’s blockchain and its DEX activated mainnet on May 13. A bridge to other blockchains went live two days later. The chart of Heart’s first project HEX illustrates the “sell the news” dump of Pulse. In Wall Street parlance, sophisticated traders buy amid rumors and sell into retail buying on the day of the news — hence the adage, sell the news. From May 1 through May 22, neither PulseChain (PLS) nor PulseX (PLSX) had any major exchange listing. HEX was the only asset of Richard’s three tokens with liquid, independent price discovery. HEX is therefore the best measure of the value of Heart’s empire. To that end, consider ...

Arbitrum, a leading Layer-2 scaling solution for Ethereum has announced the launch and airdrop of its native token, ARB. It’s official — there’s a new Layer-2 token on the block. Arbitrum, a leading contender in the field of Layer-2 scaling solutions for Ethereum (ETH) has recently unveiled the launch and airdrop of its native governance token, ARB. Since its launch in 2021, the network has become one of the largest projects without a token, fueling excitement and anticipation for its impending launch. ARB to drive Arbitrum governance Arbitrum is an Optimistic Rollup solution that shifts network operations away from the Ethereum mainnet while still maintaining Ethereum-level security. It runs on its own Blockchain and allows developers to deploy smart contracts that can process a higher number of transactions per second, thus lowering overall fees. According to the latest data from L2 Beat, Arbitrum currently dominates the L2 wars, holding 55% of the market share in terms of total val...