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According to “Bloomberg” report, cryptocurrency investment company HashKey Group intends to take advantage of the Hong Kong government’s determination to develop the virtual asset ecosystem and raise funds of US$100 million to US$200 million at a valuation of more than US$1 billion. Founded in 2018, HashKey is the only cryptocurrency exchange in Hong Kong that …

The valuation looks at $1 billion! Hong Kong HashKey is seeking US$100-200 million in financing Read More »

According to a report by the Financial Times on May 15, the National Cryptocurrency Enforcement Team (NCET) under the U.S. Department of Justice (DOJ) is stepping up scrutiny of cryptocurrency exchanges to crack down on illegal behavior on these platforms. Eun Young Choi, director of NCET, said that the U.S. Department of Justice is now …

Crack down on cryptocurrency crime! The U.S. Department of Justice says it will “enhance scrutiny” of exchanges Read More »

Yu Weiwen, President of the Hong Kong Monetary Authority, said today (9) that although the Hong Kong government has promised to develop the cryptocurrency industry in a sustainable manner, it will “never be soft” in terms of regulation. Cryptocurrency companies that want to establish a foothold in Hong Kong should not take it lightly . …

Hong Kong regulates cryptocurrency industry ‘will never be soft’ Read More »

Since FTX went bankrupt in November last year, the U.S. authorities have continuously escalated their supervision of cryptocurrencies, and the “big tree attracting wind” Binance has come under unprecedented scrutiny. John Reed Stark, a former lawyer and director of cyber law enforcement at the U.S. Securities and Exchange Commission (SEC), said that Binance’s prospects are …

Former U.S. SEC official: Binance’s future is in jeopardy Read More »

After the business intelligence platform MicroStrategy turned from loss to profit for the first time since 2020, it reiterated its adherence to its investment strategy for Bitcoin and stated that it will continue to buy Bitcoin. The company, founded by Michael Saylor, swung to a $94 million profit in the first quarter, largely due to …

MicroStrategy’s first quarter “turning losses into profits”! Read More »

Ohio man Gary James Harmon was sentenced to four years and three months in prison for stealing 712 bitcoins belonging to his brother, the U.S. Department of Justice announced. Gary James Harmon, who pleaded guilty in January to criminal charges, faces a combined maximum of 40 years in prison for one count of wire fraud …

Steal Brother’s 712 Bitcoins! Read More »

Benefiting from the soaring U.S. technology stocks and the resurgence of doubts about the collapse of the First Republic Bank, Bitcoin resumed its offensive in the early morning of this (26th), breaking through the $28,000 mark in one fell swoop. At press time, Bitcoin was trading at $28,364.52, up 3.5% over the past 24 hours. …

Bitcoin resumes rally, tops $28,000 Read More »