By Anjali Kochhar In July, the cryptocurrency sector faced a staggering $266 million in losses due to 16 separate hacking incidents, with Indian exchange WazirX suffering the most significant blow. The hack, which occurred on July 18, resulted in WazirX losing over $230 million—accounting for 86.4% of the total crypto losses for the month. The […]
By Sharan Kaur Phillora Futu Securities, Hong Kong’s largest online brokerage, has officially launched Bitcoin and Ethereum trading for its 22 million users, marking a milestone in the city’s push to become a global cryptocurrency hub. This makes Futu the first brokerage in Hong Kong to directly offer Bitcoin and Ether trading to retail investors. […]
By Anjali Kochhar In an important step against fraud, false identities, and misinformation on the internet, the European Commission has granted subsidies totaling €1.8 million to fifteen entrepreneurs. This financing is a component of the NGI TrustChain program, which supports blockchain developments in an effort to promote a more trustworthy and decentralised internet. Since its […]
By Sharan Kaur Phillora Hong Kong is considering the establishment of a strategic Bitcoin reserve, a decision that could significantly alter the global financial landscape. This proposal comes in response to increasing global acceptance of Bitcoin as a valuable asset and follows a similar suggestion by former U.S. President Donald Trump, who has vowed to […]
