Tag "cryptocurrency"
HKMA Steps Up Pressure for Banks to Accept Crypto Companies as Clients
Hong Kong’s financial regulators will be holding a second meeting with stakeholders from the banking and cryptocurrency industries to address the challenges crypto companies face in accessing banking services in the city, people familiar with the matter told Bloomberg on
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The Dark Side of the Internet: Online Fraud and Scams in Hong Kong
In recent years, Hong Kong has become a hotbed for online scams and crime, with many citizens falling for new and creative ways that defraud their money and sometimes their life savings. Fraudsters are constantly finding new ways to exploit
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Despite Crackdowns, China Remains One of the World’s Top Crypto Market
Despite crackdowns on cryptocurrency trading and mining, China remains one of the most active cryptocurrency markets in the world, according to a new report by blockchain data platform Chainalysis. Between January and June 2021, cryptocurrency addresses believed to be controlled
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3 Reasons Why Privacy is Important While Transacting in Cryptocurrencies
Although Bitcoins were considered to be one of the safest methods to protect privacy, several questions have been raised on it. In the earlier days of cryptocurrencies, users did not pay much attention to behind the scenes while transacting in
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President Xi Jinping Fuels China’s Renewed Appetite For Blockchain
China’s appetite for blockchain has surged after Chinese president Xi Jinping proclaimed the technology as an “important breakthrough” and said “greater effort should be made to strengthen basic research and boost innovation capacity.” The Communications Industry Association, an affiliate of
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5 Recent Stories Shaping Korea’s Blockchain Ecosystem
South Korea’s attempts to put itself on the map in the world of blockchain seem to be bearing fruit more and more lately. Increasingly, South Korean banks and tech firms are ramping up blockchain adoption in a big way with
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News Summary: Facebook’s Libra Crypto Project Sparks Fear and Criticism
Last week, Facebook unveiled plans for a new cryptocurrency called Libra. Set to launch as early as 2020, Libra will be a stablecoin fully backed by a reserve of real assets. The goal, it says, is to avoid high fluctuations
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How Cryptocurrency Scams Work
Millions of cryptocurrency investors have been scammed out of massive sums of real money. In 2018, losses from cryptocurrency-related crimes amounted to US$1.7 billion. The criminals use both old-fashioned and new-technology tactics to swindle their marks in schemes based on
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3 Ways Crypto.com Is Trying To Make Cryptocurrency Mainstream
Despite its meteoric rise in popularity, cryptocurrency has yet to gain global mainstream adoption. Crypto.com, a Hong Kong-based startup, is attempting to change that and it is doing so through three of its key products. Multi-currency Wallet and Pre-paid Visa
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New Study Highlights Price Manipulation, Scams and Fraud in Crypto Market
A new report by finance and accounting professor Paul Barnes released in November 2018 explores the cryptocurrency market, highlighting its susceptibility to speculative bubbles, manipulation, scams and fraud. The paper, which was presented at a blockchain and cryptocurrency conference organized
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