Individuals who fell victim to an investment scam tied to a Chinese electronics firm are attempting to get back approximately $4.3 billion in Bitcoin held by UK authorities. In a letter to China’s Ministry of Foreign Affairs, they asked for assistance in negotiating with the British government for the restitution of the confiscated digital currency. … Read more
The departure of Marginfi’s CEO in the face of controversies and disagreements with Solana-related initiatives has resulted in a large withdrawal of funds, indicating a major loss of faith among investors in the Solana Decentralized Finance (DeFi) community. MarginFi CEO Resigns Solana is making headlines once more, with the focus being on a dispute surrounding … Read more
In simpler terms, the Canadian government of British Columbia is proposing rules to control electric power usage by cryptocurrency miners because of worries over excessive energy consumption and questionable financial gains. On April 11, Josie Osborne, the Minister of Energy, Mines and Low Carbon Innovation, announced that the provincial government is taking steps to reduce … Read more
The collaborators of the TON ecosystem have teamed up with HashKey Group, an operator of a Hong Kong-based crypto exchange, to facilitate the purchase and sale of cryptocurrencies for people in the Asia-Pacific region through Telegram’s messaging application. The TON blockchain originally developed by Telegram, but due to certain legal issues, they were forced to … Read more
An ETF that tracks bitcoin and can be bought on the Hong Kong stock market is close to being authorized. Hong Kong, known as a major international financial center and popular destination for Chinese investors looking to put money abroad, will host this exchange-traded fund. Based on Matrixport’s announcement, the cryptocurrency investment product could draw … Read more