Two brothers were arrested on US charges that they carried out a cutting-edge scheme to exploit the Ethereum blockchain’s integrity and steal cryptocurrency, in what prosecutors called a first-of-its-kind caper.

HBGL, which operates Huobi HK, has withdrawn the licence application for unspecified reasons, requiring it to close the crypto exchange under the city’s virtual asset regulations.

Police in China’s northeastern Jilin province made the arrests in connection with a scheme that sent US$296 million to South Korea.

A mix of mainlanders and international visitors showed up at Bitcoin Asia amid surging interest owing to a crypto bull market and recently launched ETFs.

The new machine is designed to help miners stay competitive after the rewards for mining bitcoin were reduced by 50 per cent after the recent “halving” event.

FTX said in a court filing it owes about US$11.2 billion to its creditors. The exchange estimates it has between US$14.5 billion and US$16.3 billion to distribute to them.

A new data-verification platform will test Beijing’s plan to keep watch on cross-border data flows without disrupting normal business operations.

Her brand L’Dezen was one of the first jewellery companies to incorporate NFTs, enabling customers to assume both physical and digital ownership of pieces – but these days Shah is more interested in AI

Six bitcoin and ether ETFs saw US$12 million in trading on Tuesday, compared with US$4.6 billion for US bitcoin ETFs on their first day.

Blockchain made up about 15 per cent of the talks at Money20/20 Asia this year, just slightly below the proportion of talks on AI, as interest remains high in Asia.

‘Art became an auto-generated aesthetic that pushed the artist out of the project,’ notes the Lumiere Project’s Patrice Poujol, whose film company’s NFTs emphasise ‘real access and real experiences’

Once the most powerful figure in the crypto industry, Zhao stepped down as Binance’s chief last November, when he and the exchange admitted to evading anti-money-laundering requirements.

The world’s largest crypto exchange saw its share of bitcoin trading outside the US drop to 55 per cent from 81 per cent, according to a research firm.

Spot bitcoin and ether ETFs in Asia could be attractive to investors looking to avoid US tax laws, but the market is still relatively ‘tiny’.

Bosera Asset Management, HashKey Capital, Harvest International and ChinaAMC are all working on spot crypto ETFs after the SFC’s first conditional approvals.

Tokenisation has proved to be cheaper, more efficient and better than ‘the old-fashioned way of trading’, Noel Quinn says, but HSBC will stay ‘away from crypto’.

HashKey will facilitate the sale and purchase of Toncoin, the native token of the TON blockchain, which was started by Telegram Messenger.

Crypto industry executives were touting the benefits of bitcoin at the four-day Web3 Festival amid anticipation for the approval of spot ETFs this month.

Vitalik Buterin made a rare last-minute appearance at Hong Kong’s biggest Web3 event for a 20 minute technical talk on blockchain tech.

Hong Kong’s biggest licensed cryptocurrency exchange operator has launched a global trading platform, but it is not available in the US or China.

While there were fewer exhibitors this year, the Web3 Festival has attracted a more international crowd with 80 per cent of participants from outside the city.

Tether CEO Paolo Ardoino’s new venture Holepunch has launched a peer-to-peer messaging app called Keet to aid the mission of ‘financial freedom’.

HKVAEX is advising users to withdraw funds this month ahead of its May 1 shutdown, just three months after it submitted an application for a crypto licence.

The background of Sheikh Ali Rashed Ali Saeed Al Maktoum has come under the spotlight, and one of his close aides has a mixed track record as an entrepreneur.

HSBC Gold Token, which will be available on the lender’s online banking and mobile app, is the first such retail product to be issued by a bank, according to HSBC, as the government pushes for more digital assets to be rolled out for public use.

Bitcoin halving, a once-every-four year event baked into the system, will slash the reward that is the main revenue stream for miners.

The Web3 video gaming unicorn has signed an MOU with Saudi Arabia’s state-backed science park, months after a US$50 million investment in its Neom smart city.

Hong Kong’s Global Shipping Business Network has finished a prototype of its first electronic bill of lading in collaboration with Ant Group’s ZAN blockchain unit.