Bittime - The Asian crypto world is facing a tumultuous week. This article summarizes important developments in the region, including the shutdown of staking platform Filecoin by Chinese police, HashKey's foray into retail investors, and controversial predictions from Matrixport.
Chinese Police Attack Filecoin Staking Platform
User funds disappeared from Filecoin's liquid staking protocol, STFIL, following an investigation by Chinese police. STFIL developers confirmed the detention of their staff and are seeking legal assistance.
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Blockchain data shows more than 4.3 million FIL tokens, worth approximately $40 million, were transferred to unknown addresses. This is not the first time Chinese authorities have targeted the Filecoin protocol. In November 2021, they seized $55 million worth of Filecoin mining equipment.
HashKey Targets Retail Investors in Hong Kong
HashKey Capital, a large institutional digital asset manager based in Hong Kong, is now permitted to offer services to retail investors. This is an opportunity for Hong Kong retail investors to access regulated fund products in the digital asset market.
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HashKey Exchange is one of only two crypto exchanges approved for retail trading in Hong Kong. HashKey Group also recently opened a new exchange in Bermuda.
OSL Expands to Asian Market
Hong Kong crypto exchange OSL plans to expand institutional crypto products to Korea and Japan. They are also looking for local partnerships in East and Southeast Asia. OSL is testing the launch of a new exchange application and plans to serve more banks and financial institutions.
Matrixport Suggests Short Ethereum
Singaporean crypto services company Matrixport recommends short Ethereum (ETH) and long Bitcoin (BTC). They argue that Ethereum's dominance has declined and suggest using ETH as a short (bet) against long Bitcoin. Matrixport's previous predictions about crypto market movements have sometimes attracted controversy. Investors once blamed them for warnings that were deemed too cautious.
Cara Beli Ethereum (ETH) di Bittime
You can buy and sell Ethereum (ETH ) in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
Ethereum (ETH )is available on Bittime with the market pair Ethereum (ETH )To be able to buy Ethereum (ETH )on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn the complete guide on how to buy Ethereum (ETH ) on Bittime .
Monitor price chart movements for Ethereum (ETH ) , Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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