Crypto

Hong Kong to explore legalising crypto for retail investors
Hong Kong to explore legalising crypto for retail investors
Business and Economy
by  AFP

Hong Kong is "back in business" and exploring whether to legalise crypto trading by retail investors, the city’s finance chief announced Monday, kicking off a week of conferences aimed at resuscitating the Chinese hub's image. In contrast to mainland China where crypto has been all but banned, Hong Kong is looking to relax regulations and claw back some of the business that has left.

Annual tech gathering takes aim at crypto
Annual tech gathering takes aim at crypto
Business and Economy
by  AFP

One of the world's biggest technology get-togethers kicks off in the Portuguese capital on Tuesday, with organisers saying a key aim is to ask tough questions about cryptocurrencies. Conference organiser Paddy Cosgrave told AFP there were "a lot of questions to be answered" about crypto, describing it as "largely smoke and mirrors".

Why law enforcement struggles to throttle crypto scams
Why law enforcement struggles to throttle crypto scams
Business and Economy
by  AFP

Under the headline "Scammers in Paris", an online sleuth known as ZachXBT published a blog in August detailing how a pair of youngsters stole cryptoassets worth millions. It was the first time his sleuthing had led to police action, ZachXBT told AFP, despite having investigated $250 million worth of crypto scams and thefts and chronicling them for his 300,000 Twitter followers.

Crypto scammers make off with $100 mn from Binance
Crypto scammers make off with $100 mn from Binance
Business and Economy
by  AFP

Scammers stole cryptocurrency worth roughly $100 million from Binance, the world's biggest exchange for cryptoassets, the firm said on Friday. It is among the biggest thefts in cryptocurrency history and comes in a year where scammers preying on the sector have got away with billions of dollars.

Why crypto's big 'merge' is causing big headaches
Why crypto's big 'merge' is causing big headaches
Business and Economy
by  AFP

The biggest software upgrade in the short history of crypto has fulfilled its promise to wipe out more than 99 percent of the electricity used by the second-biggest cryptocurrency, experts have told AFP. That is no mean feat, given that the Ethereum blockchain was burning through about as much electricity as New Zealand.