April 19, 2023 By Sharan Kaur Phillora The US’ sanctions on Chinese firms for alleged involvement with Russia is a typical case of unilateral sanctions and illegal “long-arm jurisdiction,” China’s Ministry of Commerce (MOFCOM) said on Saturday, urging Washington to immediately correct its wrongdoings and stop unreasonable suppression of Chinese companies. Here’s what we know:  The […]

April 19, 2023 By Anjali Kochhar A man named James Zhong, who was found to have stolen over 50,000 bitcoin from the Silk Road marketplace, has been sentenced to a year and a day in prison, as per a report by South China Morning Post. He stored the stolen cryptocurrency, which was worth billions of dollars,

April 18, 2023 By Sharan Kaur Phillora On April 14, the office of foreign assets control (OFAC) sanctioned individuals and entities in China and Latin America for their role in fentanyl manufacturing and trafficking. One OFAC designation includes a Bitcoin address used to accept funds for the sale of fentanyl precursor chemicals made in China. 

April 18, 2023 By Anjali Kochhar Bitmain, a prominent manufacturer of hardware for mining cryptocurrencies, has been fined for tax violations by Chinese authorities, according to reports in local media. The fine is part of an increased focus on tax enforcement in the digital asset sector. Chinese crypto journalist Colin Wu, also known by his Twitter

April 17, 2023 By Sharan Kaur Phillora As the collapses of Signature Bank and Silvergate sent crypto companies scrambling, a virtual bank from Hong Kong is extending a warm welcome to web3 startups. The new crypto conversions offered by ZA Bank will take place on HashKey and OSL, the only licensed crypto exchanges in the Chinese

April 17, 2023 By Anjali Kochhar Even though cryptocurrencies are illegal in China, state-owned Chinese companies are supporting them. As a result, Hong Kong is becoming a substitute market for Chinese entities that want to explore the potential of cryptocurrencies but cannot do so legally in China, says the writer of BeingCrypto in an opinion piece.

April 14, 2023 By Sharan Kaur Phillora NFT.NYC is kicked off on Wednesday for the second time in less than ten months, and it’s becoming evident that collectors, and even the builders, are experiencing some event fatigue. Here’s what we know:  NFT NYC is an annual conference and festival dedicated to NFTs and blockchain technology. Significantly,

April 14, 2023 By Joe Pan HONG KONG, April 13 2023 – HashKey Group, a leading digital asset financial services group based in Hong Kong, officially announced that Livio Weng has joined HashKey Group as its Group Chief Operating Officer (COO). Livio was the CEO of Huobi Global from 2018 to 2021. Livio Weng told NFTMetta.com

April 14, 2023 By Sharan Kaur Phillora The Shanghai Data Exchange is expected to drop 1000 Ethereum NFT tokens today – 13th April – during the Hong Kong International Innovation and Technology Exhibition that kicked off yesterday.  Here’s what we know:  The expo, jointly organized by the Hong Kong Special Administrative Region (HKSAR) government and

April 13, 2023 By Anjali Kochhar The crypto asset rose as high as 2 per cent to reach USD 30,362. So far, Bitcoin has climbed approx 6 per cent, since the beginning of April 2023. Bitcoin, world’s leading cryptocurrency in terms of market value, crossed USD 30,000-mark, crossing the threshold for the first time since