A mysterious whale is rapidly accumulating Chainlink (LINK). According to Lookonchain, the unknown entity, possibly an institution, withdrew over 2.2 million LINK (worth $42.38 million) via 47 new wallets from Binance, the world’s largest crypto exchange by trading volume, in two days. This sudden block withdrawal now raises questions about what’s driving the whale’s interest and what…
In recent developments, Hong Kong regulators have issued cautionary warnings to crypto investors, asking them to be careful of potential investment risks. According to the city’s chief regulatory agency, some cryptocurrency trading platforms have been making erroneous claims about meeting the regulatory requirements for digital assets. Investors Beware Of False Claims From Crypto Firms The…
As June 1 draws closer and the Hong Kong and Chinese investors look forward to legally trading cryptocurrencies once more, the market has already turned bullish. So far, Chinese coins have led the pack when it comes to gains, so here are three of the most popular Chinese tokens likely to rally if the bullish…
Cryptocurrency exchange-traded products are gaining traction due to their benefits to investors. These products expose investors to the crypto market without owning the underlying asset. Investing in ETFs allows users to enjoy institutional custody and transparent and simplified trading through brokerage accounts. Crypto assets are highly volatile, with complex trading rudiments. Therefore most investors find…
Powercrypto Holdings, a subsidiary of the blockchain software provider Powerbridge Technologies, is launching cryptocurrency mining, specifically Bitcoin (BTC)and Ethereum (ETH), in Hong Kong. These cryptocurrency operations will utilize environmental-friendly, green, and sustainable energy. This announcement was made in a press release on Friday, October 8, 2021 Powerbridge Technologies is a growth-driven technology company primarily engaged in SaaS…
Legendary Hong Kong director Wong Kar-Wai will be minting an “In The Mood For Love” NFT soon. Revered fine art auction house Sotheby’s will broker the deal. The NFT will contain never-before-seen footage from the first day of filming. How rare does that make it? Considering “In The Mood For Love” is one of the…
Following the recent freezing of around US$9 million of donations to the Hong Kong protest movement, demonstrators have now turned their attention towards financial censorship. With hostility against the banking industry rising, Bitcoin, as a censorship resistant asset, may well stand to benefit.The most recent manifestation of the ongoing civil disobedience has seen thousands of…
Lacking any central authority for either issuance or custody, Bitcoin has often been described as resistant to confiscation. Recent news out of Hong Kong highlights the importance of such qualities, particularly in an increasingly divided world.Authorities in the Chinese Special Administrative Region have frozen almost US$9 million of donations received by protesters in Hong Kong.…
Nothing drives up demand for Bitcoin more than economic and political uncertainty. Well maybe a large dose of China initiated FOMO, but fundamentally BTC acts as a solid hedge against failing fiat and economic policy. This year has not been one to remember for a number of nations, and that has clearly been reflected in…
Escalating political tensions in Hong Kong and a potential economic and banking crisis in India has highlighted how fragile cash savings can be. Naturally Bitcoin would be the answer if adoption was greater and volatility was lower but the pluses for decentralized money are growing. Hong Kong ATMs Empty As violence continues to grip the…