Apr 11, 2024 04:15

Bitcoin ETFs May Soon Go Live in CHINA via Hong Kong - Bitcoin's Next Potential BIG BOOM that Most Don't Know is Coming...

 

On numerous occasions, China has banned various activities with bitcoin (BTC) and cryptocurrencies, including trading, transactions, and mining. For this reason, in mainland China, the launch of exchange-traded funds (ETFs) based on this type of financial asset is not permitted.

However, Hong Kong, while part of China, is considered a 'special administrative region' able to govern itself separately from mainland China in certain cases, one of which is the ability to regulate Hong Kong-based investment firms. When it comes to crypto, Hong Kong allows companies and residents to invest, putting them at odds with mainland China, where crypto remains banned.

Bitcoin ETF's via Hong Kong....

Financial news outlets in China are now reporting that financial giants such as Harvest Fund and Southern Fund have submitted applications to launch bitcoin ETFs through their Hong Kong subsidiaries. Harvest Fund manages more than $230 billion in total assets, while Southern Fund manages over $280 billion.

Additionally, smaller companies like 'Jiashi Fund' are attempting to use their Hong Kong subsidiary, 'Jiashi International,' to offer clients access to a Bitcoin ETF.

Regardless of size, all companies that have applied are now awaiting the decision of the Hong Kong Securities and Futures Commission, the regulatory authority that will be deciding on these applications.

Approval May Come Soon - Catching Many Off-Guard...

According to reports from China, these firms are expecting to receive approval to launch their Bitcoin ETF products and believe they could be actively promoting them as early as this quarter.

Bitcoin ETF approval in Hong Kong would be another major milestone for Bitcoin, making it easily accessible in one of the world's largest financial markets.

China has been off the radar for most crypto investors as there's been little reason to pay much attention as it's remained firm on their existence stance, and while trading continued in Hong Kong, the volume coming from this small beacon of freedom isn't determining any winners and losers.   But ETF's bring the potential for large investments from Chinese corporations, potentially attracting other Asian nations already active in the Chinese markets. 

An Influence on Mainland China...

If Bitcoin ETFs in Hong Kong turn out to be a success, and especially if they manage to attract international capital, companies in mainland China will likely respond by putting pressure on the government to reconsider their stance toward bitcoin.

Chinese President Xi Jinping will find it difficult to defend the position if the US, European nations, and now Hong Kong companies stake their claim in the multi-billion dollar Bitcoin ETF market, while those in mainland China are forced to remain spectators.

------- 
Author: Adam Lee 
Asia News Desk / Breaking Crypto News

Subscribe to GCP in a reader

May 30, 2023 04:15

From Banned to BOOM: Hong Kong on Verge of Opening the Gates for Crypto's RETURN to CHINA...

Global Crypto Press was the first crypto news outlet to cover this story back in February when all we had was a single inside source. Three months later, our source's information seems to have been 100% accurate, as the 'rumors' from then are now part of official statements made by the government of Hong Kong.

For those just joining the story here, the important thing to know is that in 2021 China implemented a crypto trading and mining ban and ejected any company that existed for those purposes. China went from the country with the most mining power, to completely off of the top 10 list, with small countries like Malaysia and Iran now outperforming them.

You may wonder - why is that surprising? If they banned trading and mining, isn't it predictable that a sudden drop in mining hashpower coming out of China would follow? 

It's a fair question, and most people did predict the effect of a Chinese ban on crypto... at least once among the 6 times they 'banned' crypto before this, just to have its popularity continue to grow. 

But the 2021 ban was unlike any of their previous attempts, it was backed with enforcement as businesses that continued to leave their bitcoin miners running found themselves being raided, and their hardware seized. Now, with the choice to risk being next or relocate, companies either moved to other countries or simply sold their mining hardware to a company that was.

This is how the situation remained, until now.

Now, crypto appears to be on the verge of returning to China via Hong Kong...

Hong Kong is a unique situation, once fully independent of China, they are now officially 'part of China' - but unlike any other area of the country they maintain the ability to pass their own laws and remain economically independent from the federal government.  

It's with these additional freedoms that Hong Kong has just announced they will begin issuing permits to crypto based businesses beginning June 1st.

3 Things We Will Likely See Happen Almost Immediately...
- First, an increase in the overall demand for cryptocurrencies. China has one of the largest economies in the world, and if a significant portion of its population begins investing in or using cryptocurrencies, it could drive up the price of these digital assets. This could potentially lead to a new bull market in cryptocurrencies, benefiting investors and businesses in the sector.

This is why Binance CEO CZ tweeted that historically news like this is followed by a bull run. 

- Secondly, increased innovation in the crypto space. China is known for its technological prowess, and if Chinese companies are allowed to operate in the crypto space, it could lead to new technological advancements and applications for blockchain technology. 

Unfortunately, Chinese technological advances are often the result of stolen data as the nation infamously targets tech companies around the globe with the intent of recreating propritaty tech.

- Third likely impact we'll see is this decision influencing other countries' policies towards crypto. If China, once a staunch opponent of cryptocurrencies, reverses this to allow them  it could encourage other countries that have been hesitant about cryptocurrencies to reconsider as well.

I can't think of any examples of countries willingly staying out of a market both the US and China are in.

Multiple well known companies in the crypto space reportedly sent teams teams to Hong Kong where they are currently preparing to submit permit applications on June 1st, and securing office space for soon-to-come Hong Kong branches of their business.

One Concern Remains..
While Hong Kong still maintains some independence from the rest of the Chinese Government, Laws they pass in Hong Kong can be vetoed by the ruling party.

We brought this up when speaking to our source there nearly 3 months ago, that portion of the article reads:

...we're hearing that Hong Kong leaders are NOT being met with disapproval from China's leadership in Beijing "there's nothing to indicate mainland officials don't want this to happen, and I believe we're well beyond the point where they would make their stance known" our source explained.

Beijing quietly allowing this to happen may be thanks to some of China's wealthiest business leaders, who have been complaining to officials about being restricted from a market with huge growth potential..."

At the time we published that article Hong Kong was still several steps away from this becoming a reality, now they're on the final step having announced their intention to issue permits for crypto companies to operate there starting June 1st.

It's a situation where approval from the ruling Communist Party will come in the form of silence. Hong Kong is providing a way for the ruling party to reverse their 2021 crypto ban without the President or other high ranking party leaders having to acknowledge it. 

Considering we're just 3 days away from Hong Kong officially open to issue permits for crypto companies to provide their services to citizens, we believe if Beijing disapproved they would have made that clear by now.

In our opinion, this is actually going to happen.

------- 
Author: Adam Lee 
Asia News Desk 
Breaking Crypto News

Subscribe to GCP in a reader

Apr 27, 2022 09:05

How Bitcoin Mines Were Airlifted From China to the US Following China's Ban On Crypto...

The Chinese government has been attempting to eradicate cryptocurrencies in the country for quite some time, with varied degrees of success.
In 2021, restrictions on mining eventually drove firms out of the country, relocating to nations such as Kazakhstan, who have more favorable policies toward cryptocurrency mining. A number of towns around the United States have welcomed them, with both support and condemnation coming from residents 

Video Courtesy of Motherboard / Cryptoland Subscribe to GCP in a reader

Feb 05, 2022 02:45

Coincidence? Bitcoin Pumps on China CBDC Debut, Michael Saylor’s Birthday

An interesting confluence of events today make this crazy market seem even crazier. Covered:  More to the Pump than Technicals Rebuke of China CBDC Launch at Olympics More to the Pump than Technicals “Psychology is probably the most important factor in the market – and one that is least understood.” This quote by famed investor […]

The post Coincidence? Bitcoin Pumps on China CBDC Debut, Michael Saylor’s Birthday appeared first on CryptosRus.

Sep 24, 2021 09:00

China MOCKED On Twitter For Announcing They're Banning Crypto... For The 7th Time Since 2013!

Bitcoin was banned in China today - this followed the previous ban, which was enacted following the ban before that - which came after the first still-active ban.

Yes - the truth is that ridiculous.

To People New To Crypto "China Bans Crypto" Sounds Like An Important Story - But, It Isn't...

Every few months, China bans crypto. They've been doing it for years.

Not only is it a non-story because nothing changes fundamentally, but China has been announcing crypto bans for so long we have historical data to prove that Bitcoin's value passes every price-point they made these announcements at - a predicion we can believe will happen again, as it has been tested and re-tested several times over.

Actually, China does this so often, crypto-twitter waits on standby with memes ready for the occasion.  Let's let them sum up the situation...

Those were a few favorites, and on a day when you've watched a chunk of your portfolio's value disappear for such a ridiculous reason - all you can do is laugh and remember: it's always recovered!
Looking forward to seeing what memes people come up with next time - which unfortunately, we all know is coming. 

 ------- 
Author: Justin Derbek
New York News Desk

Subscribe to GCP in a reader

Sep 16, 2021 08:30

Is Evergrande Defaulting? Is This The Reason For China’s War Against Bitcoin?

The biggest property developer in China, Evergrande, seems to be on the verge of collapse. They apparently owe $300B. Is bankruptcy on the table? There’s a better question, though. Is Evergrande the only company in the sector with these kinds of debts? Or is Evergrande just a symptom of a widespread disease? Also, how does this relate to Bitcoin? Do we present a valid case in the following article? Is this “China’s Lehman moment,” as the pseudonymous Bitcoin analyst suggests? Related Reading | New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course What we know for sure is that “China’s major banks have been notified by the housing authority that Evergrande Group won’t be able to pay loan interest due Sept. 20,“ according to Reuters. Plan B’s comment sets the tone, and the video shows the intensity of the situation: China's Lehman moment. The money printing will be massive, I repeat MASSIVE! This is good for #bitcoin https://t.co/lAdSMhnk3L — PlanB (@100trillionUSD) September 15, 2021 Check yesterday’s date. Well, on September 15th, 2008, Lehman Brothers filed for bankruptcy. Let’s quote Investopedia for a quick recapitulation. “At the time of its collapse, Lehman was the fourth-largest investment bank in the United States with 25,000 employees worldwide. It had $639 billion in assets and $613 billion in liabilities. The bank became a symbol of the excesses of the 2007-08 Financial Crisis, engulfed by the subprime meltdown that swept through financial markets and cost an estimated $10 trillion in lost economic output.” Is China living through a similar situation right this minute? How Did China Evergrande Get Here? A few days ago, on September 13th, the South China Morning Post seemed cautiously optimistic about the situation. They explained the root of the issue:   “Reports about missed payments to contractors, attempts to reschedule payments on wealth management products, and failure to sell assets have prompted Chinese regulators and the central bank to intervene to prevent a shock to the financial system.” At the time, the big news was that they hired “Houlihan Lokey and Hong Kong-based investment bank Admiralty Harbour Capital to assess its capital structure, evaluate the liquidity and explore ways to ease its current liquidity crunch.” And you know what that meant: “Hiring such financial advisers means Evergrande has come to a serious stage of listing what it owns, what it owes and what are the best plans” to extricate itself, said Lung Siu-fung, an analyst with CCB International.  The writing was on the wall. Evergrande price chart on HKEX | Source: 3333 on TradingView.com Where Are We Now? Is China Really In Trouble? Apparently, China Evergrande was caught in a loop. The company was pre-selling apartments and using that money to fund other projects, in which they also pre-sold the apartments and the cycle started again. Evergrande bonds are suspended, and there’s a chance they won’t be active ever again. They might be worthless. The stock is near its all-time low, it has lost nearly 80% of its value this year. Completing the story, CNBC informs: “The company warned investors twice in as many weeks that it could default. On Tuesday, Evergrande said it’s at risk of a cross default, which means such risks could spill into other related sectors. Evergrande said Tuesday its property sales would continue to deteriorate significantly this month, adding to its severe cash flow problems.” Is there a possibility that Evergrande’s problems are the symptom of a widespread disease? That’s the $1M question. Is China’s real state sector really in trouble? For that answer, we have to go to ZeroHedge’s report: “Country Garden, the nation’s largest developer by sales, plunged 16% in the past two days, while Gemdale slumped 12% as a  gauge of property shares in Shanghai tumbled almost 5% in the period, with valuations firmly below book value. Following the news, Guangzhou R&F Properties drops 10.8% to the lowest since Dec. 2008 while Greentown China -9.1%. At this point, one can safely call it a crisis.” How Does Evergrande Relate To Bitcoin? China’s Bitcoin policy doesn’t make sense. Regulating themselves out of the leadership position in the most important industry of our times is beyond comprehension. There has to be something else going on. We at NewsBTC have been on the case. We explored the Digital Yuan CBDC angle. We looked at ads selling small hydropower stations. We discovered China’s dominance over the Bitcoin hashrate was waning before the ban. And we detailed the so-called new “China Model.”  The guaranteed outcome of fractional reserve banking: Impairment of promises. It's just a matter of when and at what magnitude. The impairment of credit will cascade to other balance sheets unless central planners debase the currency via QE, UBI, and/or debt forgiveness. BRRRRR — Preston Pysh (@PrestonPysh) September 15, 2021 Under Plan B’s original tweet, two comments attract attention. Investor and podcaster Preston Pysh feels that the situation is “The guaranteed outcome of fractional reserve banking: Impairment of promises. It’s just a matter of when and at what magnitude.” And the person behind Documenting Bitcoin goes conspiratorial and says, “They knew this was coming. Perhaps this is why they “banned” bitcoin.” That, as you might imagine, opens a huge can of worms. Related Reading | Since China’s Mining Ban, Bitcoin Hashrate Has Recovered by 68% And Counting Full of confidence, Plan B responds, “Yes, and they closed the exits, typical they always do that.” Bad for the people in China but, in general, bullish for Bitcoin. To recap: the government saw this coming from a distance. They knew the crisis was going to repeatedly hit the country and banned Bitcoin mining to scare the population into not buying the hardest asset ever created. Bitcoin, the true hedge against the collapse of every economy. In any case, the Chinese government will probably try to print its way out of this one. And somehow it’s going to use this crisis to unveil their Digital Yuan CBDC. Does the theory sound coherent to you? Or is there even more to this story? Featured Image by Li Yang on Unsplash - Charts by TradingView

Aug 27, 2021 06:45

The People’s Bank of China Blasts Bitcoin And Crypto. Once Again.

For a minute there, it seemed like the FUD was over. The People’s Bank of China contributes to its country’s crypto-crackdown at the “Financial Knowledge Popularization Month,” People’s Daily Online reports from Beijing. Speaking at an event, Yin Youping, Deputy Director of the Financial Consumer Rights Protection Bureau of the People’s Bank of China, claimed:  “We remind the people once again that virtual currencies such as Bitcoin are not legal tender and have no actual value support.”  Related Reading | “The Death Of China’s Bitcoin Mining Industry,” 7 Takeaways From The Article Furthermore, Yin Youping classified all cryptocurrency-related investments as pure speculation. He advised the public to “consciously stay away” from virtual assets to avoid unnecessary risk, and to “protect their “pocket.” Nothing crazy coming from a fiat-fuelled bureaucrat. Nevertheless, an interesting new piece in China’s crypto-puzzle. Disclaimer: This article used Google-Translated quotes and information. Small inconsistencies are a possibility.  What Else Did The People’s Bank Of China Said? Besides contributing to China’s crypto-crackdown, Yin Youping responded to the “rebound” in cryptocurrency trading in his country. The People’s Bank of China will: Work overtime to “detect overseas exchanges and domestic traders.” Block “trading websites, apps, and corporate channels.” Intensify “policy publicity,” to let everyone in China know the law of the land.  Establish “a normalized working mechanism” and continue to crack down on cryptocurrency transactions.  Maintain “a high-pressure situation.” The People’s Bank of China’s aim is pretty clear. And it seems to be working, Youping claimed that “the popularity of virtual currency trading has dropped significantly.” The Deputy Director also encouraged the general public to report “illegal fund-raising crimes” to the relevant authorities. BTC price chart for 08/27/2021 on Bitstamp | Source: BTC/USD on TradingView.com Does This Offer Insight Into China’s Crypto Strategy? In a thread summarizing the case, Chinese journalist Colin Wu gave us inside information that wasn’t part of the article. “By blocking exchanges and strengthening policy publicity, China’s popularity has dropped significantly.” 3. By blocking exchanges and strengthening policy publicity, China's popularity has dropped significantly4. Crack down on illegal fund-raising activities with virtual currency and blockchain. — Wu Blockchain (@WuBlockchain) August 27, 2021 One of the surprising revelations from Chainalysis’ Global Crypto Adoption report is that P2P trading “declined dramatically” in China. At the time, we naively asked:  Why are Chinese people abandoning P2P trading so radically? Wouldn’t the “government crackdowns on cryptocurrency trading” cause a surge in old P2P trading instead? This “high-pressure situation” that the People’s Bank of China maintains might be the answer to both questions. As we learned, both  “the popularity of virtual currency trading” and “China’s popularity” dropped significantly. China’s cracking down on the general population as much as on their biggest industries. Bloomberg tried to explain their moves by defining the “New China Model” as: If China is abandoning the Silicon Valley model, what will it replace it with? Insiders suggest it will be less founder-driven and more China-centric. Related Reading | China Banned Bitcoin Mining. What Happens To Small Hydropower Stations Now? We finished that article with more questions than answers. From “Why is China dwarfing its biggest industries and players? Is the “China Model” just concerned with scale?” To “Is their crackdown on Big Tech even related to their crackdown on Bitcoin mining?“ And concluded: There’s only one thing we can know for sure: China’s making big coordinated moves when it comes to tech. And they seem to have a plan. Maybe their plan is simpler than we thought. It’s possible that The People’s Bank of China is just going to make it really really hard for the common citizen to access Bitcoin. And, China’ll use propaganda and repetition to keep people in check and scared of the unknown. One of Bitcoin’s prototipical adversarial scenarios. A battle that Bitcoin expected sooner or later. Featured Image by Bruce Röttgers on Unsplash - Charts by TradingView

Aug 30, 2021 03:18

ECB Vice President States Crypto Should Be Regulated Like Other Assets

European Central Bank (ECB) Vice President Luis De Guindos has stated he wants cryptocurrencies to be subject to the same rules that other assets are. The statements were offered in a presentation given as part of the summer courses offered by the European Parliament, where De Guindos declared his opinion about cryptocurrency regulation. ECB Vice President: Crypto Should Follow Same Laws as Other Assets Luis De Guindos, current Vice President of the ECB, stated he thinks crypto-assets should be regulated as any other asset in the market. De Guindos expressed his opinion during a series of summer courses sponsored by

The post ECB Vice President States Crypto Should Be Regulated Like Other Assets first appeared on CurrencyCrypt.

Sep 25, 2021 02:45

Bhutan Partners With Ripple to Pilot Digital Ngultrum on a Private Ledger

The Central Bank of Bhutan, the Royal Monetary Authority (RMA), has partnered with Ripple to start testing a model of its central bank digital currency (CBDC) using Ripple’s technology. The test will be using Ripple’s own CBDC private ledger, to support similar use cases. The pilot test will include retail, cross-border and wholesale payments for the proposed CBDC. Bhutan Involves Ripple in CBDC Pilot Test Bhutan, a small country located in the south of Asia, is working on the issuance of a central bank digital currency of its fiat currency, known as the Ngultrum. The nation will be partnering with

The post Bhutan Partners With Ripple to Pilot Digital Ngultrum on a Private Ledger first appeared on CurrencyCrypt.

Nov 22, 2021 02:35

Electric Coin Company Reveals Zcash Network to Transition to Proof-of-Stake in 3 Years

On Friday, Electric Coin Company (ECC), the developers behind the privacy-centric crypto-asset zcash, revealed the network plans to transition to proof-of-stake (PoS) consensus. ECC also revealed the team plans to launch an official ECC wallet, as well as bolster the network’s cross-chain interoperability. Zcash to Change From PoW to PoS The Zcash network currently leverages a proof-of-work mining algorithm called Equihash, which allows miners to compete in order to find new blocks on the Zcash chain. In a blog post published on November 19, ECC announced the network will transition toward a proof-of-stake (PoS) consensus algorithm over the next three

The post Electric Coin Company Reveals Zcash Network to Transition to Proof-of-Stake in 3 Years first appeared on CurrencyCrypt.

Dec 21, 2021 02:35

XRP’s Market Price Gains on Upcoming Sologenic Airdrop, XRP Whales Start Moving Millions

The digital asset xrp has gained more than 10% in value during the last seven days, shrugging off the losses a majority of crypto coins experienced last week. According to data from Whale Alert, someone moved 449.3 million xrp on December 19. Moreover, xrp holders are expecting to receive an airdrop from a project called Sologenic. XRP Gains 10% in the Last Week, Whales Move Hundreds of Millions of Tokens The crypto asset xrp (XRP) and its markets have been buzzing as the digital currency has gained more than 10% during the last week. XRP is up 54% year-to-date (YTD)

The post XRP’s Market Price Gains on Upcoming Sologenic Airdrop, XRP Whales Start Moving Millions first appeared on CurrencyCrypt.

Dec 21, 2021 02:35

Element·Black Forms Strategic Partnership With DJ Snake

press release PRESS RELEASE. Social-fi has been the trend of the blockchain industry as of late. The concept, closely linked to the idea of co-creating, combines the terms “social” and “DeFi” to promote a diversified interactive platform for the public. Element.Black, a recent social-fi platform transforms the concept to a new level by bridging the gap between famous celebrities and fans. This includes their game Pixel Infinity, which allows celebrities and fans to break social barriers by including social interaction and making art together. Recently, Element.Black announced a new collaboration with DJ Snake, a French producer at the forefront of

The post Element·Black Forms Strategic Partnership With DJ Snake first appeared on CurrencyCrypt.

Dec 27, 2021 10:55

Charles Hoskinson Discusses Cardano’s 2022 Plans, Founder Says Project ‘Needs Institutions to Have Stake in the Success of ADA’

The digital currency cardano has jumped over 8% in value during the last 24 hours and 25% over the last seven days. The price move follows an update on Charles Hoskinson’s and IOHK’s plans for the Cardano network in 2022. Charles Hoskinson’s 2022 Cardano Outlook: ‘A Formal Open-Source Project Structure Is Going to Be Formed’ Cardano (ADA) supporters were pleased to get two updates from IOHK, the team behind the crypto project’s development. On December 24, the founder of Cardano, Charles Hoskinson, spoke for 30 minutes in a new video explaining some of his goals for the next year. “My

The post Charles Hoskinson Discusses Cardano’s 2022 Plans, Founder Says Project ‘Needs Institutions to Have Stake in the Success of ADA’ first appeared on CurrencyCrypt.

Jan 02, 2022 02:40

A Jacobin Podcast Review: Critiques on Crypto and Sterlin’s Response

The following opinion editorial is a Jacobin Podcast review written by the author Sterlin Lujan, the chief risk officer with Cryptospace. The Jacobin Podcast episode called: “Dig: Cryptocurrency w/ Edward Ongweso Jr & Jacob Silverman,” touches upon “cryptocurrency, NFTs, Elon Musk, the metaverse, meme stocks, and techno-utopianism amid the crushing reality of our neoliberal hellscape.” Cryptocurrency isn’t fringe technology anymore. Over the last decade, it has become embedded into finance, culture, and even our social life. It’s drastically changing the way we think about money, economics, and human action. However, some people, primarily on the left, are skeptical of cryptocurrency.

The post A Jacobin Podcast Review: Critiques on Crypto and Sterlin’s Response first appeared on CurrencyCrypt.

Jan 05, 2022 02:35

Martial Arts Icon and Philosopher Bruce Lee Commemorated in NFT Collection Endorsed by Family Company

While many celebrities have launched non-fungible token (NFT) collections, a number of NFT compilations have featured luminaries who have passed away. Legends such as Jerry Garcia, Kurt Cobain, Muhammad Ali, Elvis, Tupac, and more have been featured in NFT collections. This Saturday, Ethernity and Bruce Lee’s family will be dropping the renowned martial artist’s first NFT collection dubbed “The Formless Form.” ‘Be Like Water Making Its Way Through Cracks’ The Hong Kong and American martial artist, martial arts instructor, film star, and philosopher, Bruce Lee, is an extremely popular pop-culture icon. Lee is famous worldwide for his martial arts style

The post Martial Arts Icon and Philosopher Bruce Lee Commemorated in NFT Collection Endorsed by Family Company first appeared on CurrencyCrypt.

Jan 13, 2022 02:35

Leading Crypto Exchange BitYard Offers Trading in Over 150 Countries – Here’s How You Can Benefit

sponsored Come join and become a part of BitYard, the leading crypto exchange that takes crypto trading to a whole new level & strives to provide users the best trading experience. With 500,00+ users already trading in over 150 countries, don’t wait, join today to benefit immensely and ‘Grow your future in the yard’. Why Is BitYard Trusted by Traders in Over 150 Countries BitYard is a one-stop trading platform for global investors, established & headquartered in Singapore, and has continued to bring professional, convenient, and new trading services to global users since 2019. By abiding by the business philosophy

The post Leading Crypto Exchange BitYard Offers Trading in Over 150 Countries – Here’s How You Can Benefit first appeared on CurrencyCrypt.

Jan 26, 2022 02:35

Ken Kutaragi, Father of the Sony Playstation, Criticizes Current Metaverse Push

Ken Kutaragi, father of the Sony Playstation, has issued his opinion about the metaverse narrative currently developing on the market. The former executive of Sony stated that he saw no point in the metaverse idea of separating the real world from the virtual one. Playstation Inventor Bashes Current Metaverse Conception Ken Kutaragi, one of the inventors of the Sony Playstation, has criticized the conception of the metaverse that some companies are currently pushing. Kutaragi stated in an interview with Bloomberg his opinion about how the metaverse is being conceived, declaring that: Being in the real world is very important, but

The post Ken Kutaragi, Father of the Sony Playstation, Criticizes Current Metaverse Push first appeared on CurrencyCrypt.

Jan 26, 2022 02:35

‘Arivaman’ to Travel the World in a Unique and Innovative Way

press release PRESS RELEASE. As the new year gets underway, there has been a lot of speculation and interest regarding what role the metaverse, crypto and VR (Virtual Reality) will play going forward. After all, our society is becoming increasingly digitised and the COVID-19 global pandemic is still very much ongoing. As a result, there is a clear need for everyone to continue to live their lives but in a vastly different way than before, and that is exactly where Ariva Digital comes into play. Understanding Ariva Simply put, Ariva can be thought of as an innovative blockchain platform which

The post ‘Arivaman’ to Travel the World in a Unique and Innovative Way first appeared on CurrencyCrypt.

Jan 26, 2022 02:35

Binance Becomes Main Sponsor of Argentinian Soccer Association

Cryptocurrency exchange Binance has signed a partnership agreement with the Argentinian Soccer Association (AFA), one of the biggest soccer federations in the world, to become its main sponsor. With this deal, Binance will become the main sponsor of all the Argentinian national soccer teams for the next five years and will issue a new fan token. The AFA has previously issued such an asset in partnership with Socios, another fan token platform. Binance Inks Sponsorship Deal With Argentinian Soccer Association Binance, one of the leading cryptocurrency exchanges by volume traded, has signed a sponsorship deal with the Argentinian Soccer Association

The post Binance Becomes Main Sponsor of Argentinian Soccer Association first appeared on CurrencyCrypt.

Jan 28, 2022 10:55

Cryptsy CEO Indicted for Defrauding Crypto Investors, Destroying Evidence

The CEO of cryptocurrency exchange Cryptsy has been indicted in the U.S. The 17-count indictment charges the crypto exchange executive with “tax evasion, wire fraud, money laundering, computer fraud, tampering with records, documents, and other objects, and destruction of records in a federal investigation,” the DOJ said. Cryptsy’s CEO Faces 17-Count Indictment The U.S. Department of Justice (DOJ) announced Wednesday that Paul E. Vernon, the founder, operator, and chief executive officer (CEO) of Project Investors Inc., doing business as Cryptsy, has been indicted. A 17-count indictment was unsealed charging Vernon, 48, “with criminal violations for his involvement in a sophisticated

The post Cryptsy CEO Indicted for Defrauding Crypto Investors, Destroying Evidence first appeared on CurrencyCrypt.