Regulation
FTX fallout motivates Hong Kong watchdog to draft new rules
Hong Kong will also launch a public consultation to monitor the situation in crypto.
Zeynep Geylan 2 min read
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Analysis
Genesis Block customer funds sent directly to Alameda accounts before FTX fall out
The reports came out after an ex-Genesis Block customer shared more than two dozen Genesis Block transactions with Dirty Bubble Media.
NFTs
Chinese Hangzhou Court calls for NFT regulation
According to the Court, the NFTs have characteristics of value, scarcity, controllability and tradability.
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Asia’s Bitcoin supply records new ATH while US, EU reserves shrink
Asia currently holds 7.3% of the total Bitcoin supply as market moves inversely to the West
Bear Market
Bitcoin miner Canaan seeks to expand operations despite decline in Q3 revenue
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Crypto
CryptoSlate Wrapped Daily: FTX’s FTT on verge of potential sell-off after Binance liquidates FTT holdings
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Crypto
CryptoSlate Wrapped Daily: Nigeria’s CBDC deemed a failure; Korea gathers more proof on Do Kwon
Stripe fires over 1,100 of its employees due to financial troubles, Andre Cronje's tweet spikes Fantom by 24% in a day, and much more in this edition of CryptoSlate Wrapped Daily.
Adoption
China holds $3.9B worth of Bitcoin despite anti-crypto stance
The Chinese government holds $6 billion worth of cryptocurrencies, including Bitcoin, Ethereum and others.
Regulation
SBF thinks Hong Kong could become the Web3 hub of Asia
FTX founder Sam Bankman-Fried said Hong Kong would prevail over Singapore and Korea in Web3 adoption.
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CBDCs
Hong Kong Monetary Authority announces success and key findings from CBDC project, mBridge
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