Crypto hub Hong Kong, APAC exchanges’ bull run, China’s CBDC bridge: Asia Express
Cointelegraph Magazine
by Zhiyuan Sun
7h ago
Our weekly roundup of news from East Asia curates the industry’s most important developments. Final deadline for crypto exchange registration in Hong Kong Crypto exchanges that wish to do business in Hong Kong must apply for a license with the Securities and Futures Commission’s virtual asset trading platform regime by February 29.  As of the deadline date, 22 crypto exchanges currently have pending VATP applications with the SFC, including OKX, Bybit, Huobi HK, Gate.HK and the Binance-affiliated HKVAX. “All VATP applicants on this list are NOT licensed or regulated by the SFC, and may N ..read more
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Owner of seven-trait CryptoPunk Seedphrase partners with Sotheby’s: NFT Collector
Cointelegraph Magazine
by Greg Oakford
19h ago
Daniel Maegaard, aka Seedphrase, is a digital native collector, musician and patron of the digital arts. Not only does he possess one of the best nonfungible token collections on the planet, but he’s also the owner of the only CryptoPunk with seven traits in the entire 10,000 iconic collection. Boasting countless NFT grails in his portfolio, Seedphrase is collaborating with Sotheby’s on its Contemporary Discoveries auction, running Feb. 23–March 4.  The auction features 11 pieces from his collection that are up for sale, alongside nine generative art pieces from GSR’s collection. Included ..read more
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How the digital yuan could change the world… for better or worse
Cointelegraph Magazine
by Derek Andersen
2d ago
Table of contents: – History of the digital yuan – How is the digital yuan used in China? – China is primed for digital yuan by Alipay – The digital yuan abroad – Is the digital yuan a threat to the US dollar? – BRICS and de-dollarization – The digital yuan, SWIFT censorship and sanctions – The digital yuan and mBridge – American politicians attempt to ban the digital yuan – Is the digital yuan a tool for surveillance? – The digital yuan and crypto China’s central bank digital currency is known as the digital yuan, e-CNY or e-RMB and despite the hype, it represents a minuscule portion of the m ..read more
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Jameson Lopp: Skeptical of spot Ether ETFs, BTC price prediction dilemma: X Hall of Flame
Cointelegraph Magazine
by Ciaran Lyons
3d ago
Jameson Lopp, the co-founder of Bitcoin (BTC) security provider Casa, isn’t feeling as hopeful as the rest of the crypto industry about the United States Securities and Exchange Commission (SEC) giving the green light to a spot Ether (ETH) exchange-traded fund (ETF) later this year. “I’m skeptical that we will see any other crypto ETFs get approved any time soon,” Lopp tells Magazine. Lopp’s reasoning behind the bold opinion is the fact that SEC head Gary Gensler’s stance toward Ether over the past five years has been fairly standoffish. “Just look at what Gary Gensler has said over the years ..read more
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Bitcoin mining difficulty skyrockets, new Satoshi emails revealed, and more: Hodler’s Digest, Feb. 18-24
Cointelegraph Magazine
by Editorial Staff
6d ago
Top Stories This Week Bitcoin mining difficulty surpasses 80 trillion ahead of halving Bitcoin mining difficulty, which measures how difficult it is to solve the complex cryptographic puzzles used in the mining process, passed 80 trillion on Feb. 16. The network’s hash rate reached 562.81 exahashes per second and the mining difficulty hit a record 81.73 trillion, according to BTC.com. Bitcoin mining difficulty has steadily risen since January 2023 and is expected to reach 100 trillion in the next few months. Bitcoin’s mining rewards will be cut in half in April in what’s known as the Bitcoin H ..read more
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The DeFi bots pumping Solana’s stablecoin volume
Cointelegraph Magazine
by Yohan Yun
1w ago
Rampant bot activity on DeFi platforms has pumped up the on-chain transaction volume of Solana-based stablecoins past $1 trillion in the first two months of this year alone. As of Feb. 22, Solana’s monthly stablecoin turnover has reached $643 billion, surpassing January’s volume of $531.32 billion, according to data from crypto analytics platform Artemis. Most of Solana’s transactions occur on its decentralized exchanges (DEXs), most notably on Phoenix, which has caught the attention of media outlets, data providers, and social media influencers.  It has suspiciously high volumes of daily ..read more
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3AC’s $700M Worldcoin windfall, China vs the crypto spies: Asia Express
Cointelegraph Magazine
by Zhiyuan Sun
1w ago
Our weekly roundup of news from East Asia curates the industry’s most important developments. 3AC creditors redeemed through Worldcoin? Creditors of bankrupt Singaporean hedge fund Three Arrows Capital (3AC), who are owed a combined $3.3 billion in claims, may have finally received some respite this week with the help of Sam Altman.  That’s because Altman’s Worldcoin (WLD) soared by over 200% this week, which observers linked to the launch of OpenAI’s Sora video tool. The rally saw the WLD wallet address held by 3AC liquidator Teneo surpass $700 million, 3AC co-founder Zhu Su was thrilled ..read more
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Google to fix diversity-borked Gemini AI, ChatGPT goes insane: AI Eye
Cointelegraph Magazine
by Andrew Fenton
1w ago
After days of getting dragged online over its Gemini model generating wildly inaccurate pictures of racially diverse Nazis and black medieval English kings, Google has announced it will partially address the issue. Google Gemini Experiences product lead Jack Krawczyk tweeted a few hours ago that: “We are aware that Gemini is offering inaccuracies in some historical image generation depictions, and we are working to fix this immediately.” Gemini wants to make everything more inclusive, even Nazi Germany. (X) Social media platform X has been flooded with countless examples of Gemini producing i ..read more
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Wealthy, isolated, and incredible beaches: Perth Crypto City Guide
Cointelegraph Magazine
by Ciaran Lyons
1w ago
This “Crypto City” guide looks at Perth’s crypto culture, the city’s most notable projects and people, its financial infrastructure, what retailers accept crypto and where you can find blockchain education courses — along with a history of its crypto controversies. City: Perth Country: Australia Population: 2.14M Established: 1829 Jump to: Crypto culture, Projects and companies, Financial infrastructure, Where can I spend crypto? Education, Controversies and collapses, Notable figures. About Perth Perth is the most isolated major city in the world and is situated in Western Australia, miles aw ..read more
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Web3 Gamer: Sweatcoin says shaking is faking, MotoDEX review, Gods Unchained 2024
Cointelegraph Magazine
by Ciaran Lyons
1w ago
Shaking is fraud: Sweat Economy founder Sweatcoin (SWEAT) is the token of the Sweat Economy, a move-to-earn (M2E) crypto application with 155 million users. The app pays out SWEAT for simply getting off your butt and moving.  And all you gotta do to earn the token is let the phone in your pocket track your steps. Make sure to get your 10,000 steps a day! (Sweatcoin) Seems like everyone has had the same idea… What if I stay on the couch and just shake the phone for hours? Well, unfortunately for the slackers, Sweat Economy founder Oleg Fomenko tells Web3 Gamer that unlike traditional pedom ..read more
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