Hong Kong’s ZA Bank to reportedly offer crypto services
According to reports, ZA Bank, Hong Kong’s largest virtual bank by assets, will offer crypto account services and facilitate crypto-to-fiat exchanges. According to a report published by Bloomberg on April 12, the bank will function as a settlement bank to enable token deposits at licensed exchanges to be withdrawn in Hong Kong dollars, Chinese yuan, and […]
Huobi generates $30 million profit in Q1 2023
Following its restructuring process, crypto exchange Huobi according to its de facto owner has made a $30 million profit during the first quarter of 2023. According to a post published on April 10 by Justin Sun, the de facto proprietor of cryptocurrency exchange Huobi Global, the company recorded $150 million in revenue and $120 million […]
Japan shows support for OpenAI amid global bans
Japan has shown support for artificial intelligence (AI) company OpenAI’s ChatGPT chatbot amidst a sea of international bans and uncertainty for the company. Chief Cabinet Secretary Hirokazu Matsuno stated on Monday, April 10 that Japan would consider incorporating artificial intelligence (AI) technology into government systems, such as OpenAI’s ChatGPT chatbot, if privacy and cybersecurity concerns […]
Bitget launches $100M Web3 crypto fund in Asia
Bitget, a cryptocurrency derivatives exchange has established a new crypto fund worth $100 million to support the next generation of Web3 initiatives. Bitget asserts that it will fund worldwide Web3-friendly venture firms and initiatives. It will concentrate on Asian initiatives from experienced teams with clear roadmaps that are addressing real-world issues. “It is evident that […]
Mt. Gox repayment registration for affected users closes
Repayment registration for victims of the Mt. Gox cryptocurrency exchange saga has closed. The company has also issued a new statement regarding what to expect now that its registration period has ended. April 7 saw the publication of a statement from the former exchange’s rehabilitation trustee, Nobuaki Kobayashi, announcing that the deadline for creditors to […]