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Shuttered AAX Closing Out Derivatives as it Hopes to Reopen
Hong Kong-based exchange AAX will close out derivatives positions as it attempts to return to normal following a hack. Two days after FTX filed for bankruptcy, AAX suspended withdrawals saying they did so to avoid fraud and exploitation after a maintenance partner failed. Former AAX VP and Head of Research Ben Caselin breaks his silence.
FTX Fallout: Bitcoin Miners’ Balance Slides; Paxos Ordered to Freeze $19M in Crypto
Bitcoin (BTC) miners or entities generating the cryptocurrency seem to be running down their coin stash amid the FTX-induced market panic. U.S. federal authorities have ordered cryptocurrency issuer Paxos to freeze $19 million worth of crypto tied to the bankrupt FTX exchange. Hong Kong-based digital asset platform Hbit Limited is unable to withdraw $18.1 million worth of cryptocurrencies deposited in the now-bankrupt FTX.
FTX Japan Ordered by Regulator to Pause Operations Following Withdrawal Halt
Japan's Financial Services Agency has ordered the local unit of Sam Bankman-Fried's crypto exchange FTX to suspend operation amid its liquidity crisis. CoinDesk Executive Director of Global Content Emily Parker discusses the details and the implications for FTX in Asia. Why did FTX leave Hong Kong and what is the country's state of crypto regulation now?
Singapore vs Hong Kong
Who will win in Asia’s crypto showdown? That story and other news shaping the cryptocurrency world in this episode of "The Daily Forkast."
Hong Kong’s Crypto Rethink
Host Joel Flynn takes a deep dive into governments reconsidering retail investor crypto ban. That story and other news shaping the cryptocurrency world in this episode of "The Daily Forkast."
Is Hong Kong Scammer’s Paradise?
Host Joel Flynn discusses how crypto crime is costing Hong Kong billions. That story and other news shaping the cryptocurrency world in this episode of "The Daily Forkast."
Crypto Hub Competition
Could Hong Kong make a comeback as a global center for crypto? That story and other news shaping the cryptocurrency world in this episode of "The Daily Forkast."
Huobi Native Token Surges After Justin Sun Announces 'Heavy Empowerment'
The native token of crypto exchange Huobi Global is surging after Tron founder Justin Sun calls for empowering the coin. This comes as Hong Kong investment firm About Capital agreed to acquire Huobi. CoinDesk Executive Director of Global Content Emily Parker weighs in.
Justin Sun: USDD to Be One of the Settlement Stablecoins on Huobi
Tron Founder Justin Sun was named a global advisor following Hong Kong-based About Capital's acquisition of crypto exchange Huobi. "Within the next three months, we probably will list all the cryptocurrency against USDD on Huobi," Sun tells "First Mover."
Justin Sun on Huobi Being Acquired by About Capital
Tron Founder Justin Sun discusses the significance of Hong Kong-based About Capital acquiring crypto exchange Huobi Global. Plus, insights into decentralized stablecoin USDD, "advantages" of central bank digital currencies (CBDCs), how Binance competes against its rivals and his "highly optimistic" outlook for China's crypto scene.
