Bitcoin News and Price | Bitcoin.News

Marathon Digital Admits to Mining an Invalid Bitcoin Block

by Blockchain NewsSeptember 28, 2023

Key Takeaways

* Marathon Digital Holdings confirmed mining an invalid Bitcoin block due to an internal bug during an experiment.

* The mishap occurred on Sept 26, stressing Bitcoin’s robust network security that rectified the anomaly.

Marathon Digital Holdings (NASDAQ: MARA) has publicly acknowledged the mining of an invalid block on the Bitcoin network during a recent experimental attempt to optimize the company’s mining operations. The disclosure came through a series of tweets on Sept. 28, 2023, from the company’s official Twitter handle, @MarathonDH, where they affirmed that the error was not an attempt to modify the Bitcoin Core.

The Misstep and Immediate Rectification

The error transpired on Sept. 26 at 9:42 pm UTC on block 809,478, as per data from Mempool.space. It was attributed to a “transaction ordering issue” by several Bitcoin developers and BitMEX Research. Notably, the blunder emerged from Marathon’s internal development environment and was unrelated to their production pool or Bitcoin Core, the primary software used for connecting to the Bitcoin network. Marathon accentuated that the anomaly was recognized and corrected promptly, highlighting the Bitcoin network’s sturdy security framework that identified and rectified the error.

The invalid block mining incident underscores the importance of rigorous testing before deploying experimental features on the live network. Bitcoin analyst Dylan LeClair recommended that such experimental endeavors should initially be conducted on a testnet to prevent potential disruptions on the mainnet.

Community’s Mixed Response

The incident drew a mixed response from the community. While it spotlighted the robustness of Bitcoin’s security protocols, it also led to suggestions for more cautious experimental approaches in the future. Marathon stressed that Bitcoin “functioned exactly as designed” by excluding the invalid block, reinforcing the network’s ability to self-correct and maintain its integrity amidst unforeseen errors.

Disclaimer & Copyright Notice: The content of this article is for informational purposes only and is not intended as financial advice. Always consult with a professional before making any financial decisions. This material is the exclusive property of Blockchain.News. Unauthorized use, duplication, or distribution without express permission is prohibited. Proper credit and direction to the original content are required for any permitted use.

Image source: Shutterstock

Source

SEC Extends Review Period for ARK 21Shares Bitcoin ETF

by Blockchain NewsSeptember 28, 2023

Key Takeaways

* The U.S. Securities and Exchange Commission (SEC) extends the review period for the ARK 21Shares Bitcoin ETF proposal till January 10, 2024.

* The delay follows the regulator’s previous postponement, pushing the decision 240 days post the initial application.

* This extension aligns with the SEC’s recent deferment on GlobalX’s Bitcoin ETF, amidst calls from U.S. Representatives for swifter approvals.

The Securities and Exchange Commission (SEC) has deferred the decision on the ARK 21Shares Bitcoin ETF application, extending the review period till January 10, 2024, as per the notice released on September 26, 2023. This move marks the second delay following the prior postponement on August 11, which had set November 11 as the decision deadline.

The ARK 21Shares proposal, aimed at listing a spot Bitcoin ETF on the Cboe BZX Exchange, has been under the SEC’s scrutiny since its filing on April 25, 2023. The regulatory body published the proposed rule change for public commentary on May 15, 2023, initiating a timeline for approval or disapproval.

Extended Review Period

The extension comes as the SEC invokes Section 19(b)(2) of the Securities Exchange Act of 1934, allowing for a 60-day extension beyond the initial 180-day review period. This provision facilitates the Commission in ensuring ample time for a thorough examination of the proposed rule change, especially as it underwent three amendments, with the latest being on July 11, 2023.

The regulatory body emphasizes the necessity of this elongated timeframe to adequately address the issues encapsulated in the amended proposal. This move resonates with the SEC’s similar postponement concerning GlobalX’s Bitcoin ETF offering, further accentuating the cautious approach adopted by the regulator towards cryptocurrency-based financial products.

Broader Regulatory Landscape

The SEC’s cautious stance unfolds amidst a broader call for expedited approvals. A faction of U.S. Representatives recently urged the SEC Chair, Gary Gensler, to accelerate the approval process for spot Bitcoin ETFs, criticizing the existing “inconsistent and discriminatory standards.”

Despite these pressures, the SEC continues to exhibit a meticulous approach, having not approved any spot BTC ETF listings on U.S. soil. The industry watches keenly as major firms like BlackRock, WisdomTree, and Fidelity await the SEC’s verdict on their respective ETF proposals, slated for review in October, with potential extensions leading into March.

Implications and Industry Response

The SEC’s decision prolongs a period of uncertainty for ARK 21Shares and other stakeholders keen on advancing Bitcoin ETF offerings. The delay also mirrors the regulatory hesitancy, keeping many in the industry and investors on edge as they await a favorable nod that could potentially unlock a significant capital influx into the cryptocurrency realm.

The regulatory trajectory also casts a spotlight on the SEC’s ongoing deliberation in assimilating crypto-based financial products within the conventional regulatory frameworks, a narrative that continues to evolve with the rapidly expanding digital asset ecosystem.

Image source: Shutterstock

Source

Tagged : ARK 21SHARES BITCOIN ETF / CBOE BZX EXCHANGE / CRYPTOCURRENCY REGULATORY FRAMEWORK / GLOBALX / News / REVIEW PERIOD EXTENSION / SEC / Spot Bitcoin Etf / U.S. REPRESENTATIVES

Neara Secures $24M Series B Boosting Utilities’ Resilience and Renewable Energy Integration

by Blockchain NewsSeptember 28, 2023

Key Takeaways

* Neara clinches $24M in Series B funding, taking the total to $24M with a $10M extension led by Prosus Ventures on September 27, 2023.

* The infusion will bolster Neara’s AI-driven infrastructure modeling platform advancing natural disaster mitigation and clean energy assimilation.

* Neara’s ambitious global expansion and novel System of Enablement functionality are set to catalyze the energy transition, especially in the US and Europe.

Sydney-based Neara, a pioneer in infrastructure modeling employing artificial intelligence (AI) for comprehensive 3D network simulations and analytics, heralded a $10M additional capital influx on September 27, 2023, alongside a groundbreaking case study to amplify the existing line capacity for renewable energy. Prosus Ventures led the Series B extension, with existing investors Skip Capital and Square Peg Capital showing continued support, elevating Neara’s total Series B fund to $24M. The new capital is earmarked for accelerating Neara’s international footprint and the furtherance of its innovative System of Enablement functionality.

Harnessing AI for Renewable Energy Integration

At the core of Neara’s mission is its AI simulation and analytics platform, poised as a linchpin in the energy transition, enabling utilities to make well-informed, system-wide determinations. The System of Enablement proffers a unified model to tackle paramount macro issues, ranging from robust grid designs, mitigating catastrophic weather-induced damages, to speeding up renewable energy incorporation utilizing existing network infrastructure, articulated Neara’s Chief Commercial Officer Jack Curtis. The investment from Prosus Ventures is deemed a catalyst in hastening the development of Neara’s System of Enablement to offer a centralized decision-making platform for crucial stakeholders in the energy transition ecosystem.

Global Expansion and Technology Advancements

With sights set on the United States and Europe, Neara aims to deliver enterprise-grade, 3D network modeling technology, leveraging AI/Machine Learning (ML) to harmoniously aggregate utilities’ diverse data spectrum into a hyper-realistic digital simulation environment. The technology empowers utilities to envisage how their assets will behave in real-world scenarios under varied conditions based on an extensive array of network and environmental variables. This is instrumental in eradicating network monitoring blind spots, enhancing grid resilience against severe weather, and diminishing reliance on manual field surveys.

Empirical Case Studies and Strategic Partnerships

In a collaboration with EMPACT Engineering, Neara executed a proprietary line rating case study in a burgeoning Central Texas region. The platform identified that a staggering 94.5% of the lines could safely operate at double the current capacity, thereby significantly augmenting clean energy integration using existing infrastructure. Similarly, in New South Wales, Australia, a partnership with Essential Energy yielded a twofold increase in existing network availability through software analytics, enlarging the scope for renewable asset connectivity.

Addressing Network Constraints and Accelerating Renewable Infrastructure

Beyond merely enhancing existing infrastructure, Neara is fervently addressing major network bottlenecks to the energy transition, particularly the development and construction of new transmission lines. Through Neara’s platform, network utilities can employ a whole-of-life-cycle network model for route optimization, community engagement, and boosting development and construction pace, eventually hastening the time frame within which vital renewable infrastructure can be operationalized and utilized to clear renewable project backlogs.

About Neara and Prosus Ventures

Headquartered in Sydney, Australia, Neara stands as the world’s most extensive 3D simulation and analytics platform for electricity network infrastructure, facilitating sophisticated analyses for real-world scenario understanding, thereby enabling grid operators to make highly precise decisions. On the other side, Prosus, a global consumer internet group, is steadfast in driving positive societal and planetary impact through technology investments, with a portfolio extending across online classifieds, food delivery, payments and fintech, and education technology sectors, among others.

Source

Tagged : ARTIFICIAL INTELLIGENCE / EMPACT ENGINEERING / ESSENTIAL ENERGY / GLOBAL EXPANSION / NEARA / NETWORK INFRASTRUCTURE / News / PROSUS VENTURES / RENEWABLE ENERGY INTEGRATION / Series B Funding / SYSTEM OF ENABLEMENT

Coinbase CEO Criticizes Chase UK’s Crypto Transaction Ban

by Blockchain NewsSeptember 28, 2023

Key Takeaways

* Brian Armstrong condemns Chase UK’s decision to restrict crypto-related transactions

* The move prompts dialogue with UK officials regarding the country’s crypto policy

* The ban poses challenges for Coinbase’s expansion ambitions in the UK

Brian Armstrong, the Chief Executive Officer of the major United States-based cryptocurrency exchange, Coinbase, has expressed disapproval over Chase UK’s recent decision to halt all crypto-related transactions. Armstrong shared his criticism publicly through a post on X (formerly Twitter) on September 26, 2023, describing Chase UK’s move as “totally inappropriate.”

Reaction to Transaction Ban

Armstrong’s comments came in response to the news that Chase UK, a subsidiary of JPMorgan, has resolved to decline all customer transactions related to cryptocurrency, citing a high level of fraud associated with crypto transactions as the primary reason. The bank confirmed this stance to Cointelegraph on the same day. According to Chase UK, customers attempting to carry out crypto-related transactions will receive a declined transaction notification.

In his post, Armstrong urged crypto holders in the UK to close their Chase accounts as a form of protest against this restrictive measure. He also beckoned UK officials, including Prime Minister Rishi Sunak and Economic Secretary Andrew Griffith, to evaluate whether Chase UK’s actions align with the broader policy goals of the country concerning cryptocurrency.

Implications for Coinbase

This development could potentially hinder Coinbase’s aggressive expansion efforts in the UK and Europe. According to the official website of Coinbase, the platform supports transactions in the UK, alongside the US, Europe, and Canada. In April 2023, Coinbase had expressed its serious commitment to expanding its operations in the UK and Europe. This ambition, however, may face challenges given the restrictive stance of major financial institutions like Chase UK towards cryptocurrency transactions.

While the UK and European markets present significant growth opportunities for Coinbase, the firm has also been dealing with legal hurdles in the US. Notably, in June 2023, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Coinbase, alleging violations of securities laws.

Image source: Shutterstock

Source

Tagged : Brain Armstrong / CHASE UK / Coinbase / Cointelegraph / CRYPTOCURRENCY TRANSACTIONS / Expansion / Jp Morgan / News / TRANSACTION BAN / U.S. Securities And Exchange Commission / UK CRYPTO POLICY

OpenAI Enables Web Browsing for ChatGPT

by Blockchain NewsSeptember 28, 2023

Key Takeaways

* OpenAI introduces web browsing capabilities for ChatGPT on September 27, 2023.

* The feature is immediately available for Plus and Enterprise users.

* OpenAI aims to address the existing knowledge gap in ChatGPT with this update.

OpenAI, an artificial intelligence company, recently stated that its ChatGPT model now has the capability to explore the internet. This is a huge advance. This feature was made public on September 27, 2023 via a post on X (which had previously been known as Twitter), and it is first accessible for customers of Plus and Enterprise who are operating under the GPT-4 paradigm. OpenAI has not yet offered any information on whether or not this feature will be made available to users who do not have a premium subscription or whether or not it will be included into the GPT 3.5 model.

Prior to this upgrade, ChatGPT made use of an unchanging knowledge base that was scheduled to expire in 2021. Because of this constraint, users were negatively affected who needed current and up-to-date information for a variety of jobs, including academic research, market analysis, and even just making decisions on a daily basis. The addition of online surfing is intended to close this knowledge gap, which will result in a considerable improvement to both the usability of ChatGPT and the user experience it provides.

Before making the news publicly, OpenAI had already spent many months putting the browsing features of ChatGPT through their paces. According to reports from June 2023, beta versions of the model were being utilized to circumvent paywalls, which raises ethical considerations and concerns. In addition, the model had shown a propensity to “hallucinate,” or mix together current and previous knowledge, which presented difficulties in terms of guaranteeing the veracity of the information that was delivered.

Following close on the heals of OpenAI’s announcement on September 25 that ChatGPT would also be receiving a multimodal upgrade, which would enable it to handle more than just text, this browsing functionality was introduced. This points to a more expansive plan on the part of OpenAI to make ChatGPT a more adaptable tool for both consumers and corporations, which might possibly open up new pathways for the use of AI in a variety of different industries.

The incorporation of online surfing into ChatGPT has the potential to serve as a model for other AI models, expanding the realm of possibility in terms of real-time information collection and processing. It also raises issues about the ethical implications that come along with such capabilities, such as the possibility for abuse and the privacy of the data.

Source

Tagged : CHATGPT / ETHICAL CONCERNS / GPT-4 MODEL / KNOWLEDGE GAP / MULTIMODAL UPDATE / News / Openai / PLUS AND ENTERPRISE USERS / REAL-TIME INFORMATION / WEB BROWSING

Binance CEO Clarifies Details on CommEx Integration

by Blockchain NewsSeptember 28, 2023

Key Takeaways

* CZ, Binance’s CEO, provides clarifications on Binance’s association with CommEX.

* Cryptocurrency transfers between the platforms are in progress.

* Binance’s broader compliance strategy leads to its Russian operations’ sale to CommEX.

CZ’s Clarifications on Binance and CommEx Association

In a recent tweet, Changpeng Zhao (CZ), CEO of Binance, provided insights into the nature of the relationship between Binance and CommEX. He highlighted several key points:

Cryptocurrency transfers are underway between Binance and CommEX as users shift platforms. Older transactions were noted during the testing phase of the integrations.

Some ex-Binance CIS team members may have already joined CommEX, and others might follow. CZ regards this as a positive move.

CommEx’s design, APIs, and other interfaces align closely with Binance’s, a request made by Binance to ensure a seamless user transition.

CommEX will not cater to users from the US or the EU due to IP and KYC restrictions, a condition Binance stipulated.

Refuting speculations, CZ stated he does not hold an Ultimate Beneficial Owner (UBO) position in CommEX nor owns any shares. The deal excludes any buyback options.

Binance’s Decision Amid Regulatory Challenges

Binance, the world’s leading cryptocurrency exchange, has announced the sale of its entire Russia-based operations to CommEX. This significant strategic decision aligns with Binance’s emphasis on compliance and regulatory adherence across the numerous countries it operates within.

While Russia is ramping up regulations on crypto exchanges, Binance has also been under U.S. scrutiny for potential sanctions violations concerning Russia. On May 6, 2023, the U.S. Department of Justice initiated an inquiry into Binance, focusing on potential U.S. sanctions violations. This move was not isolated, with previous probes in 2021 and early 2022.

Earlier, in April 25, 2023, Binance discreetly lifted certain restrictions on Russian users that were initially imposed in March 2022, following EU’s sanctions on Russia. By April 2023, changes were made to allow deposits in Russian rubles and other currencies.

The EU’s extension of its sanctions impacted Russian users’ access to EU-registered crypto services. This shift led platforms like LocalBitcoins, Crypto.com, and Blockchain.com to cut ties with Russian clients.

To ensure a smooth transition, Binance and CommEX devised a systematic migration process for users and assets, assuring Binance’s existing Russian users of the security of their assets. The transition is expected to span a year, with some new registrations being redirected to CommEX.

While financial details remain undisclosed, Binance confirmed there would be no continued revenue from the sale and marked a complete exit from the Russian market.

Binance, though departing from Russia, remains bullish about the Web3 sector’s global potential and plans to focus on the 100+ other countries in its operation portfolio.

Image source: Shutterstock

Source

Tagged : Apis / Binance / CIS TEAM / COMMEX / Compliance / CRYPTO TRANSFERS / Cz / Eu / Ip / KYC / News / Regulations / Us

Metis Proposes Migration to Ethereum Mainnet for Enhanced Data Availability

by Blockchain NewsSeptember 28, 2023

Metis, a Layer 2 network built on Ethereum, announced a significant proposal on September 27, 2023. The proposal aims to migrate its data availability mechanism back to the Ethereum mainnet by switching from its current off-chain storage layer to its original Optimistic Rollup architecture. This move is seen as a strategic step to facilitate the launch of the Metis sequencer pool, a groundbreaking decentralized sequencer initiative.

In the spring of 2022, Metis entered into a partnership with Memo Labs to develop an off-chain storage layer. This collaboration enabled Metis to transact on its Layer 2 network at a lower cost by reducing the amount of data pushed to Layer 1 Ethereum. While this approach has been cost-effective, it has raised concerns about data availability.

Data availability is a cornerstone in the blockchain ecosystem. It ensures that all transaction data are readily available for reconstruction by validators and users. The Optimistic Rollup architecture, which Metis originally employed, batches this transaction data to Layer 1, thereby enhancing data availability. The current off-chain storage model, while cost-effective, relies on Memo Labs, a third-party entity, which could potentially compromise the robustness of data availability.

Metis aims to become the first Layer 2 network to decentralize its sequencer by launching a first-of-its-kind sequencer pool. This move would eliminate the single-point-of-failure risk associated with relying on a single sequencer entity. It would also open up new staking opportunities for METIS token holders, who would need to stake METIS to become eligible sequencers.

Switching to the Optimistic Rollup architecture would offer several benefits:

* Simplification of the Metis architecture, thereby facilitating the sequencer pool’s launch.

* Enhanced data availability, which is crucial for the sequencer pool.

* Decentralization and security upgrades through the sequencer pool.

However, the move comes with a trade-off: Metis would lose its current cost advantage, as transaction fees would align with those of other Layer 2 networks.

The proposal is currently open for community feedback. Once a consensus is reached, it will proceed to the Snapshot stage for a community vote. If the vote garners a 51% “YES,” Metis will implement the proposed changes. The community also has the option to revert to the off-chain storage model after the sequencer pool’s successful launch, subject to further evaluation and voting.

Image source: Shutterstock

Source

Tagged : DATA AVAILABILITY / Ethereum / Layer 2 / MEMO LABS / Metis / News / OPTIMISTIC ROLLUP / SEQUENCER POOL / SNAPSHOT VOTE

Paysafe Halts EUR Deposits for Binance Users: What You Need to Know

by Blockchain NewsSeptember 28, 2023

Key Takeaways

* Paysafe Payment Solutions Limited discontinues EUR deposits for Binance users.

* Affected users have until October 31, 2023, to convert EUR balances to USDT.

* Multiple Binance services, including Spot Trading and Auto-Invest, impacted.

Paysafe Payment Solutions Limited (Paysafe) has unilaterally decided to cease processing EUR deposits for Binance users, effective September 25, 2023, at 00:00 (UTC). The abrupt move has left many in the crypto community puzzled, as no clear reason has been provided for the decision.

Binance has advised Paysafe users to convert their EUR balances to USDT before October 31, 2023, at 00:00 (UTC). Users can also continue to withdraw their EUR balances to their respective bank accounts. The company assures that all funds are secure and that other crypto-related services remain unaffected.

The decision has led to a series of disruptions across various Binance services:

Spot Trading: Effective from September 28, 2023, at 04:00 (UTC), all Paysafe users will be unable to trade EUR spot trading pairs. Open orders on these pairs will start to be canceled from September 28 at 05:00 (UTC).

Buy/Sell Crypto: Starting from September 28, 2023, at 04:00 (UTC), users will no longer be able to buy or sell crypto with EUR balances.

Binance Convert: The Convert feature will be restricted to EUR reduce-only mode from September 28 at 04:00 (UTC).

Auto-Invest: Auto-Invest EUR plans for Paysafe users will be paused from September 28 at 04:00 (UTC).

Binance is actively working to integrate new fiat channels to mitigate the impact of this decision.

Image source: Shutterstock

Source

Tagged : AUTO-INVEST / Binance / EUR DEPOSITS / News / Paysafe / Spot Trading / USDT

CBDCs on the Rise: What the Decline of Physical Cash Means for Blockchain and Privacy

by Blockchain NewsSeptember 28, 2023

Key Takeaways

* By 2028, only 9% of all payments are expected to be made in physical currency.

* Central Bank Digital Currencies (CBDCs) are under development, but their design raises questions about privacy and personal freedom.

* Critics argue that digital payment systems, unlike cash, can be monitored and can refuse service without consequence.

The Inevitable Decline of Cash

According to a report by the World Economic Forum dated September 26, 2023, the use of physical cash has been declining at a rate of approximately 15% each year since 2017. The report estimates that by 2028, a mere 9% of all payments will be made using physical currency. This decline is not expected to happen overnight but is seen as an inevitable outcome due to the individual choices of millions of citizens and merchants.

Convenience Versus Privacy

The shift towards digital payments is largely driven by convenience. However, this convenience comes at the cost of personal freedom and privacy. Unlike digital payments, cash transactions do not require authorization from any third party, and they leave no trace. David Smith, Economics Editor at The Times, questioned the need for a digital cash replacement, stating, “Why would anybody bother? If I am happily, or in some cases not so happily, using contactless payments now, why would I go to the trouble of loading up a digital pound wallet to use that instead?”

The Role of Central Banks and CBDCs

Central banks are considering the introduction of retail Central Bank Digital Currencies (CBDCs) as a digital cash replacement. However, the design of these CBDCs is a subject of debate. Critics argue that if CBDCs do not offer the same level of privacy and freedom as cash, they could face resistance, especially in developed economies. The report suggests that only central banks, due to their monopoly on the issuance of cash, could deliver a digital cash substitute that balances both convenience and personal freedom.

Balancing Act: Freedom and Regulation

While the idea of a digital cash substitute is appealing, it also raises concerns about potential misuse. Any system that allows untraceable or unblockable payments could attract criminal activity. Therefore, the challenge lies in designing a CBDC that mimics the features of cash without becoming a digital “wild west.”

Image source: Shutterstock

Source

Tagged : Analysis / CBDC / CENTRAL BANKS / Digital Payments / PERSONAL FREEDOM / PHYSICAL CASH / Privacy

Hong Kong Security Chief Vows to Hunt Down JPEX Crypto Scam Ringleaders

by Blockchain NewsSeptember 28, 2023

Key Takeaways

* Hong Kong Security Chief Chris Tang Ping-keung vows to hunt down ringleaders of JPEX, a crypto platform involved in the city’s largest alleged financial fraud.

* Police have arrested 15 individuals and seized assets worth HK$85 million ($10.8 million), including HK$8 million in cash.

* Financial Secretary Paul Chan Mo-po emphasizes the need for a proper regulatory framework for Web3-related business ventures.

The Ongoing Investigation

Hong Kong’s Secretary for Security, Chris Tang Ping-keung, has pledged to apprehend the key operators behind JPEX, a cryptocurrency platform at the center of the city’s largest alleged financial fraud, according to SCMP. As of September 27, 2023, the police have arrested 15 individuals and seized more than HK$8 million ($1 million) in cash, along with other assets valued at HK$77 million ($9.8 million). These assets include real estate and digital currencies. The case involves suspected losses of HK$1.5 billion ($191.9 million) and has impacted more than 2,400 victims.

Regulatory Concerns

Financial Secretary Paul Chan Mo-po stated that Hong Kong must regulate business ventures related to the next generation of the internet, known as Web3. “We must incorporate business operations related to Web3 into a proper regulatory framework and crack down on any illegal activities,” Chan said. Authorities aim to impose “balanced regulations” to protect investors and prevent money laundering risks.

The Arrests

Among the 15 arrested, one was Chung Wai-hin, a 23-year-old director of over-the-counter (OTC) cryptocurrency exchange store Money Lupin. Another was influencer Sheena Leung, who runs the YouTube channel “sheung-8888,” and a staff member of OTC cryptocurrency store Unicoin. On Monday, another director of Money Lupin, Wong Sheung-yin, was arrested.

Regulatory Oversight

The Securities and Futures Commission had earlier named JPEX as an unlicensed cryptocurrency exchange with “suspicious features.” Only two platforms, HashKey and OSL, have secured a license for retail cryptocurrency trading services in Hong Kong. Four other companies are pending approval.

Image source: Shutterstock

Source

Tagged : CHRIS TANG PING-KEUNG / FINANCIAL FRAUD / Hong Kong / JPEX / MONEY LUPIN / News / PAUL CHAN MO-PO / REGULATORY FRAMEWORK / Securities And Futures Commission / Web3