Author
571 posts
Bena Ilyas
Latest Articles
HSBC Offers e-CNY Services, Integrating Digital Yuan for Corporate Clients
By Bena Ilyas
• 3 mins read
HSBC Bank announced that corporate clients can now link their bank accounts directly with digital yuan accounts.
South Korea FSC’s New Guidelines Classify NFTs as Regular Cryptocurrencies
By Bena Ilyas
• 3 mins read
The FSC notes that some NFTs may lose their uniqueness and behave more like cryptocurrencies, with new guidelines highlighting specific traits that could subject them to crypto-like regulations.
Hong Kong Asset Managers Push for Staking in Spot Ether ETFs This Year
By Bena Ilyas
• 3 mins read
Hong Kong’s move towards staking for spot Ethereum ETFs could be a game-changer, giving them a competitive edge over US ETFs and solidifying Hong Kong as a leading digital asset hub.
FSS Study: 70% Crypto Exchanges in South Korea Fail to Refund Investors on Shutdown
By Bena Ilyas
• 3 mins read
South Korea mandates stricter compliance by July 2024 to protect investors from exchange failures.
New York Sues Crypto Firms for $1B Fraud Targeting Immigrant Communities
By Bena Ilyas
• 3 mins read
New York Attorney General Letitia James claimed that these crypto companies preyed on the hopes and dreams of immigrant and religious communities by promising financial freedom. Instead, they stole their hard-earned money and shattered their trust.
Hong Kong’s SFC Chief Praises Bitcoin’s 15-Year Resilience amidst Regulatory Shifts
By Bena Ilyas
• 3 mins read
Leung stated that their objective is to balance catering to investor demand with implementing robust safeguards to mitigate risk.
Bitcoin ETFs Record $488M Net Inflows as BTC Price Nears All-Time High
By Bena Ilyas
• 2 mins read
Bitcoin price surged to $71,767 on Bitstamp due to increased inflows into spot Bitcoin ETFs, with analysts noting a strong link between these inflows and the price rise.
EigenLayer TVL Surges to $20B, Becoming Second-Largest DeFi Protocol after Lido
By Bena Ilyas
• 2 mins read
EigenLayer had grown by over 1,335% by June due to steady deposits and a rising Ether price.
Celebrity Tokens Plunge Over 66% after Jenner’s Bizarre Debut
By Bena Ilyas
• 3 mins read
Hayden Adams, the creator of the decentralized exchange Uniswap, criticized these ventures for lacking positive social impact. He suggested that celebrities should use their profits to donate to social causes.
BitMEX Increases Ether Perpetuals Leverage to 200x Following SEC’s Spot ETF Approval
By Bena Ilyas
• 2 mins read
The increased leverage is only available for isolated margin positions, meaning potential losses are capped at the initial margin used for the trade.