Shanghai Man: AscendEX reopened after $80m hack, Huobi suffers key personnel ...
This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industrys most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations.Limping out of 2021Last week we thought we had hit rock bottom for Chinese exchanges, as Bitmart was on the unfortunate end of a $150m hack. This week, it was more of the same, as AscendEX lost $80m to a similar style of theftaffecting its Ethereum, BSC and Polygon hot wallet. On December 16, AscendEX released a security post-mortem detailing the attack:An....
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This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industrys most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations.It was a quiet week in the mainland as much of the Chinese crypto community was either lying low, off in Lisbon, or recovering from a week-long hangover following the Shanghai Blockchain Week that concluded over last weekend.The largest blockchain-related news was the $130 million hack of DeFi platform Boy X Highspeed, or BXH for short. BXH is a decentralized....
PRESS RELEASE. AscendEX, a leading cryptocurrency trading platform, is excited to celebrate Polygon (Curve) Yield Farming on their staking portal by offering an increased APR for active participants. For a limited time, AscendEX users will earn extra returns while Yield Farming with Polygon for any accounts under $10,000 USDC. AscendEX originally announced the launch of Yield Farming with the Polygon stablecoin in July. Starting this week, users can deposit their USDC into Polygon DeFi Yield Farming and receive interest paid in USDC, MATIC, and CRV, earning up to 20% APY with a 10% bonus....
Huobi has launched a service allowing users to mortgage their bitcoins in return for Chinese yuan (CNY) loans to purchase real shares on the Shanghai Stock Exchange. The platform, Caimao, allows investors disappointed with the recent slump in bitcoin price to put that value to use in an asset class that has grown 125% in the past year. Customers will use the Caimao platform to deposit their bitcoins and also buy and sell individual shares of their choice. They can borrow up to 60% of the BTC deposit value. Funds for borrowing are supplied by a third-party provider. The move takes some....
The People’s Bank of China (PBOC) initiated meetings this week with leading bitcoin exchanges in both Beijing and Shanghai. PBOC representatives in Beijing met with OKCoin and Huobi while PBOC representatives in Shanghai met with BTCC. On the evening of Friday, January 6 in China, the PBOC offices in Beijing and Shanghai both issued statements on the meetings, noting that the “recent bitcoin price is highly volatile” and that the bank encourages the exchanges to “operate strictly in accordance with the laws and regulations of China and to conduct self-examination based on related laws and....
AscendEX is thrilled to announce the listing of the SifChain token (ROWAN) under the pair USDT/ROWAN on Aug 24 at 1 p.m. UTC. In celebration of its latest listing, AscendEX will join together with the team at SifChain to launch two limited-time promotional events, running from Aug 24, 1:00 p.m. UTC to Aug 31, 12:00 […]