Hong Kong’s largest digital bank launches retail crypto trading
Retail users in Hong Kong can now buy Ether and Bitcoin through Hong Kong’s largest virtual bank. They need an account and to undergo a risk assessment.
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DeFi volumes surge 444% after Binance, Coinbase lawsuits: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.The United States Securities and Exchange Commission’s (SEC) lawsuits against two leading centralized crypto exchanges — Binance.US and Coinbase — have led to a surge in DeFi trading…

Counterparties Could Foot the Bill For $416 Mln BTC Futures Trade Shortfall on OKEx
Crypto exchange OKEx has issued an official statement today, August 3, in response to its forced liquidation of a colossal misfired Bitcoin (BTC) futures trade worth a notional $416 million that was initiated by an unidentified problem trader earlier this week. OKEx, currently the world’s second largest exchange by traded value, has said that its…

Are high fees killing some types of DApps? Cartesi explains on Hashing It Out
Erick de Moura argues that on blockchain networks with high fees, some types of decentralized applications don’t survive because users are only willing to part with cash for a few specific kinds. As the race between Ethereum layer-2 networks heats up, users are left with questions about each network’s unique nature, use cases and plan

Bitcoin risks ‘swift’ $23K dive after BTC price loses 11% in August
Bitcoin (BTC) is headed for a long-term support retest, data suggests, after BTC price action fell into the August monthly close.BTC/USD 1-hour chart. Source: TradingViewBTC price: Roads point to $23,000Reversing gains seen last week, BTC/USD is back below $26,000 as of Sep. 1, data from Cointelegraph Markets Pro and TradingView shows.Market participants had seen cause

Security platforms warn about hidden phishing and wallet drainer links
With millions of dollars worth of assets being lost to phishing attacks after signing malicious permissions, the threat of losing crypto assets to questionable links is very real. When these are paired with platforms that allow hidden links, users are subjected to a different kind of risk.On Sept. 4, Web3 security provider Pocket Universe shared

Bitcoin faces ‘uphill battle’ despite BTC price gaining 35% from $23.8K bottom
Bitcoin (BTC) put in fresh gains overnight into May 31 as the monthly close looked set to seal losses of around 15%.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewAsks stack up above $33,000Data from Cointelegraph Markets Pro and TradingView showed BTC/USD consolidating once more after a fresh burst took it to $32,200 on Bitstamp.The pair thus capped…

Interest in Bitcoin-backed loans returns: Will TradFi join this time?
The Bitcoin-backed loans market is expected to grow fivefold in the coming years. Cointelegraph explores the nuts and bolts of the niche industry.

You don’t see that every day: Bitcoin empty block found
Bitcoin (BTC) is known for its robustness, security and predictability. Every 10 minutes–on average–the blockchain produces a new block and the successful miner earns a block reward of 6.25 BTC, circa $130,000. However, every once in a while, the Bitcoin blockchain surprises observers and participants.At block height 776,339, nodes across the network verified a completely empty…