The Hong Kong Virtual Asset Consortium was established on May 31 to create indexes and rating services for cryptocurrencies.
$656M lost from crypto hacks, scams, and rug pulls in H12023: Report
Approximately $215 million of stolen assets have since been recovered.
South Korean crypto lending firm Delio under investigation by regulators
The firm allegedly denied having any exposure to troubled sister lending firm Haru Invest before suspending transfers earlier this month.
“Sam Bankman-Fried really hurt the industry” — Anthony Scaramucci
The politician and business magnate has his eyes set on Binance CEO CZ taking the reins of the future crypto industry.
Inflection AI raises $1.3B in funding led by Microsoft and NVIDIA
The company has raised $1.525 billion in funding since its inception last year.
$7.8B lost in crypto Ponzi and pyramid schemes in 2022: Report
Illicit activities related to crypto increased across the sector in 2022 despite an overall market downturn.
MicroStrategy buys $347M worth of Bitcoin amid market thaw
“DCA works,” wrote Binance CEO in response to the purchase.
Japanese and Singaporean regulators join forces on crypto pilot project
“Decentralized financial ecosystem continues to develop in complexity, and it is important to address emerging risks,” said FSA official Mamoru Yanase.
Web3 firms are spending up to $25M on HK crypto licenses: Report
VASP expenditures are varying between 20 million to 200 million Hong Kong dollars as firms scramble to find Web3 talent for licensing.
Wallet providers introduce BRC-20 token support despite market drawdown
There are currently more than 34,000 types of BRC-20 tokens in circulation.
Three Arrows Capital founders launch new VC fund
“3AC Ventures is focused on superior risk-adjusted returns without leverage,” the firm wrote.
Czech automobile conglomerate Škoda Auto launches NFT platform
The nonfungible token platform was launched in partnership with Near Protocol.
Tether and Bitfinex pledge $100K grant for private operating system
“If you’re serious about security, @QubesOS is the best OS available today,” commented Edward Snowden in a previous tweet.
Crypto lender Delio to resume withdrawals after counterparty contagion
“We will come up with a plan to recover the loss,” said company officials.
Etherscan launches AI-powered Code Reader
The tool allows users to retrieve and interpret the source code of a specific contract address via AI prompt.
Coinbase redeems $65M in convertible notes at 29% discount
The cryptocurrency exchange estimates it will only need $45.5 million in cash to redeem the instruments.
Exchanges pledged $2.5B to user protection funds amid FTX’s collapse: Report
Not all exchanges have disclosed wallet addresses for the funds, however.
Footwear conglomerate Puma launches 3D Web3 experience
The experience is designed for everyone, but Puma Pass holders gain access to exclusive perks.
Crypto yield platform Haru suspends transfers after investigation
The firm previously stated it had an issue with one of its service partners.
Bank of China issues $28M in digital structured notes on Ethereum blockchain
The securitized tokens are governed by Hong Kong and Swiss law.