Around 150 companies have applied for Hong Kong’s crypto license, interestingly, this hasn’t resulted in a hiring spike. Recruitment remains low as demand for technical talents declines. However, experts predict a potential ‘talent war’ as companies wait on their license approvals.
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Chinese State-owned Firm Enters Hong Kong’s Digital Asset Hub: Pros, Cons, and Main Conflicts
Chinese state-owned real estate company Greenland Holdings plans to join Hong Kong’s digital asset hub by creating a new unit to acquire virtual asset trading licenses. This move supports Hong Kong’s efforts to become a prominent digital assets trading center and diversifies Greenland Holdings’ business in the growing market.
Hong Kong Embraces Retail Crypto Trading: Boon or Barrier for Global Adoption?
Hong Kong is positioning itself as a crypto-friendly region, with a licensing regime for crypto exchanges including retail trading set to launch by June 1. This move aims to reduce incentives for retail traders to utilize risky, unregulated overseas platforms and attract talent to establish Hong Kong as a virtual asset hub.
Gaming Revolution via Blockchain: Proof of Play’s $33M Gamble: Rewarding or Risky?
“Farmville co-creator, Amitt Mahajan, backed by Proof of Play, has secured $33M to develop Web3 games, aiming to revolutionize the gaming sector with blockchain technology. The venture aims to facilitate smooth gameplay and promote decentralization but faces potential complexities and risks of emerging technology.”
SEC vs. Ripple: Unraveling the Complexities of XRP Lawsuit and Its Impact on the Crypto World
The ongoing legal battle between the SEC and Ripple leaves the crypto community awaiting clarity on digital asset regulations. As the lawsuit stretches beyond seven months, understanding and staying updated on regulatory developments is crucial for making informed investment decisions in the crypto industry.
BRICS Gold-Backed Digital Currency: Boon or Global Economic Game Changer?
The upcoming BRICS Summit in 2023 may unveil a gold-backed digital currency to enhance financial independence for Brazil, Russia, India, China, and South Africa, reducing reliance on existing monetary systems like the US Dollar. This unified digital currency could increase investment, growth, trade, and cooperation within BRICS, benefiting the global economy and potentially reducing the dominance of the US Dollar and euro.
CoinDeal Scam Unraveled: Protecting Investors from Crypto Fraud and Hacks
The US Department of Justice charged a Nevada man for involvement in the CoinDeal investment scheme, deceiving 10,000 investors and extracting $45 million. The growing cryptocurrency market has seen a significant increase in scams, hacks, and illegal activities, with $4 billion in digital assets lost last year.
CoinDeal Debacle: A $45 Million Reminder on Investor Vigilance & Crypto Regulation
The CoinDeal crypto fraud scheme, involving blockchain technology and metaverse investments, defrauded over 10,000 investors of $45 million. Recent criminal charges highlight the need for proper regulations, enforcement of existing laws, and investor vigilance in the fast-paced crypto market.
CoinMe’s $4 Million SEC Fine: UpToken Holders Left in the Dust as CEO Faces Consequences
The recent $4 million fine levied by the Securities and Exchange Commission (SEC) against US-based […]
SEC Slaps Coinme with $4 Million Fine: A Heavy Blow or Just a Speed Bump on the Way to Crypto Mainstream Adoption?
The recent $4 million fine levied against Coinme by the US Securities and Exchange Commission […]
Fined and Banned: Coinme’s Misleading ICO – An Unraveling Tale of Blockchain Dreams and SEC Nightmares
The United States Securities and Exchange Commission (SEC) has recently issued a cease-and-desist order against […]