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PayPal’s groundbreaking initiative for handling nonfungible tokens (NFTs) transcends conventional boundaries. By recently filing a patent application in March, later published on September 21, PayPal has demonstrated a significant stride towards constructing its independent blockchain ecosystem. This revolutionary system is engineered to facilitate NFT transactions, both on-chain and off-chain, heralding a new era of digital asset exchange. The patent application , although still awaiting approval, outlines a visionary system wherein users engage in NFT transactions via a third-party service provider. While the specific provider remains undisclosed, the application makes mention of Ethereum as a noteworthy platform within its framework. PayPal ’s vision extends beyond the mere exchange of electronic collectibles, aiming to harness the full potential of NFT s for tokenization. In this groundbreaking vision, NFT s represent a diverse range of digital asset s, encompassing...

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...

United States prosecutors have labeled this as the first insider trading case in cryptocurrency. Ishan Wahi, a former product manager at Coinbase Global Inc., has admitted to two counts of conspiracy to commit wire Fraud in a case that U.S. prosecutors have labeled as the first insider trading case involving cryptocurrency. Ex-Coinbase manager pleads guilty in insider trading case https://t.co/i6fG3c3wHc pic.twitter.com/zKfjqnNpzT — Reuters (@Reuters) February 7, 2023 According to a report by Reuters, the prosecutors claimed that Wahi disclosed private information to his brother Nikhil and friend Sameer Ramani, regarding imminent announcements of new digital assets that Coinbase would enable users to trade. The announcement later caused assets to rise in value, allowing Nikhil and Sameer Raman to generate illicit gains of at least $1.5 million. Nikhil Wahi and Ramani were charged with using Ethereum (ETH) blockchain wallets to acquire digital assets and trading before the Coinba...