Hong Kong’s first licensed retail virtual asset exchange, HashKey, is geared to commence operations on Aug. 28 during a live launch event, marking a significant milestone. This launch brings to the fore the implications of recent regulatory advancements in Hong Kong’s rapidly evolving crypto landscape, arriving on the heels of Hashkey’s upgrade in its Type The post HashKey exchange set to debut retail crypto trading services in Hong Kong on Aug. 28 appeared first on CryptoSlate.

Despite rumors,  there will be no decision today, Aug. 18, Grayscale’s lawsuit against the Securities and Exchange Commission (SEC) over their denial of a spot Bitcoin Exchange-Traded Fund (ETF) conversion, While some had hoped for a decision today, that idea was dispelled by Bloomberg Intelligence Analyst James Seyffart in an Aug. 18 tweet. The potential The post No decision expected today on Grayscale’s challenge to SEC over Bitcoin ETF conversion appeared first on CryptoSlate.

All major cryptocurrencies saw a sharp decrease in their values following a massive sell-off yesterday, Aug. 17. The global market cap of the crypto industry fell 8% to $1.06 trillion, wiping out over $100 billion. The trading session affected the performance of prominent cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Tron (TRX), Ripple (XRP), and Binance The post TRX leads market, $100B wiped from total crypto market cap, as ETH transaction values soar over 100% appeared first on CryptoSlate.

The U.S. Securities and Exchange Commission (SEC) is set to approve the first exchange-traded funds (ETFs) based on Ethereum futures, according to a Bloomberg report on Aug. 18 The green light from the regulatory body could pave the way for several firms, including Volatility Shares, Bitwise, Roundhill, and ProShares, that have filed to launch ETFs The post Will indication of SEC approval for Ethereum futures ETFs be precursor to further pain? appeared first on CryptoSlate.

The crypto community is grappling with issues surrounding bug bounty programs, a crucial mechanism for discovering and addressing system vulnerabilities. Usmann Khan, a web3 security auditor, posted on Aug. 17, “Remember that projects can simply not pay, whitehat,” with a screenshot of a message from Immunefi indicating a project had been removed from its bug The post A silent security scandal or dying profession? DeFi Bug Bounty Wall of Shame has millions in unpaid bounties appeared first on CryptoSlate.