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Supporters of cryptocurrencies have long advocated that cryptocurrencies can be used to hedge against various "uncertainties", but they have not been able to survive the global slump in risky assets.Celsius Networks LLC, one of the world's largest cryptocurrency lending platforms, said on Sunday local time that "due to extreme market conditions," the platform will suspend all withdrawals, transactions, and transfers between accounts

On Bitcoin, $27000 per coin, up 0.99% on the day

This article is taken from BlockTempo by James ChiuAs a bridge hub for users to enter the market, crypto exchanges have always been an observation indicator for the industry. The old stock exchange Coinbase has announced a direct listing and received a valuation of $90 billion

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Coin An, Huo Coin, and OK are the three well-known digital currency exchanges among the public, ranking in the top ten globally. These three major exchanges almost occupy the monopoly position of Chinese digital currency trading

On Bitcoin, it costs $29000 per coin, up 4.02% in 24 hours, according to Caixin News Agency on April 11th

Disclaimer: This article does not constitute any investment advice.Editor: Remember to follow meMars Finance APP (WeChat: hxcj24h) frontline report,The latest market data shows a comprehensive correction in the cryptocurrency market, with Bitcoin prices plummeting

1. Introduction:Binance Coin is a token issued by Binance, abbreviated as BNB, which is a decentralized blockchain digital asset based on Ethereum

Recently, Bitcoin has experienced a correction and volatility, with the overall market generally falling. However, yesterday, there was a bright scene, which was the sudden surge of the Hot Coin HT, which once led the rise of the Hot Coin PRO

Centralization and decentralization platforms will coexist, complement, and rely on each other for a period of time in the future.According to the information released by Coin On Company on Tuesday (March 13th), they haveA public chain has been launched with the aim of building a new decentralized exchange.The cryptocurrency exchange stated that by developing a new BinanceChain, they will transform from a "corporate" to a "community", and that BinanceChain will also be used to transfer or trade different blockchain assets.It is worth mentioning that,Coin An also announced that it will migrate BinanceCoin to its native blockchain.Currently, Coincoin is an ERC20 digital token running on the Ethereum network. However, for users holding ERC20 coins, it is currently unclear whether they will exchange tokens in some form.In addition, Coin An Coin will become an important foundation for blockchain asset trading, coexisting with other more centralized products of Coin An.In a statement, Qian An stated:BinanceCentralization and decentralization platforms will coexist, complement, and rely on each other for a period of time in the future.Binance Chain

The annual and quarterly reports of major virtual currency exchanges around the world have been released, and their revenue capabilities are all very impressive. As a retail investor, can you take advantage of the platform's rapid development and profit? Just hold platform currency! Each major platform has launched their own platform tokens, who is the most generous? Who should we choose?With the emergence of OKB global universal points, all three major digital asset exchanges in China have completed the issuance of universal points

The Hong Kong Securities Regulatory Commission will introduce a mandatory virtual asset trading platform (VASP) licensing system starting from June 1 this year, and plans to open up retail investors to invest in virtual assets. The Hong Kong Securities Regulatory Commission recently stated that it will release licensing guidelines for virtual asset trading platforms next month.After the formal implementation of the new virtual asset platform licensing system, all virtual asset exchanges operating in Hong Kong or promoting services to Hong Kong investors, regardless of whether they provide securities based token trading services, must obtain licensing from the Hong Kong Securities Regulatory Commission and be subject to its supervision.Conducting any unlicensed activities is a criminal offense.On April 26th, the Chief Executive of the Hong Kong Securities Regulatory Commission, Leung Fung yi, stated during an event that it is expected to introduce licensing guidelines for virtual asset trading platforms in May. During the previous consultation process, more than 150 feedback opinions were received.The main suggestion of consultation is to open up licensed platforms to provide services to retail investors. Zhitong Finance has learned that according to previous policies, platform operators can only provide services to professional investors with a funding threshold of up to HKD 8 million, and ensure that their customers fully understand virtual assets. In addition, licensed platforms will be included in the regulatory sandbox of the China Securities Regulatory Commission and will be subject to close and rigorous supervision for a period of time.On December 16, last year, the ETF based on Bitcoin and Ethereum futures launched by Southern Dongying Asset Management Co., Ltd. was officially listed on the Hong Kong Stock Exchange, marking Hong Kong becoming the world's first market to provide Ethereum futures ETF and the first market in Asia to provide Bitcoin futures ETF. Under the latest proposed trading platform system, retail investors can directly participate in Bitcoin and Ethereum trading on regulated platforms in the future.In fact, the licensing procedures for virtual asset transactions in Hong Kong have always been very strict. Under the existing system, only two encryption platforms are licensed - OSL (OSL DigitalSecurities Limited) and HashKey (HashBlockchain Limited).(Image source: Hong Kong Securities Regulatory Commission)According to media reports,Huo Coin, OKEXBoth parties have expressed their intention to apply for an exchange license in Hong Kong and have established an office in Hong Kong.Additionally, the Singapore basedDBS Silverthat 's okIt also stated its intention to apply for relevant licenses in Hong Kong to provide cryptocurrency services to local customers.that 's ok12 month transition period arrangementThe Hong Kong Securities and Futures Commission stated that considering that platform operators licensed under the Securities and Futures Ordinance may need to modify their systems and monitoring measures to comply with the new regulations, a transition period of 12 months has been proposed.The China Securities Regulatory Commission stated that, Anyone who engages in the business of providing virtual asset services or shows that they operate the business must apply for a license from the Securities and Futures Commission. The existing virtual asset trading platform has been provided as a licensed arrangement, so that they can continue to operate in Hong Kong after the implementation of the virtual asset service provider system under the Anti Money Laundering Ordinance. It must be within the period from June 1, 2023 to February 29, 2024, in accordance with the Anti Money Laundering Ordinance The virtual asset service provider system under is to submit fully completed license applications online. If the SFC considers that the relevant license application meets the conditions for licensing, the virtual asset trading platform will automatically be deemed to have been licensed from June 1, 2024 This passage may sound quite convoluted, but to put it bluntly, the two companies that have already been licensed need to comply with the new regulatory requirements within the prescribed transition period.As for the original virtual asset trading platform, if it has no intention of applying for a license, it should start preparing to end its business in Hong Kong in an orderly manner, with a deadline of May 31, 2024.Fierce business of virtual insurance companiesAccording to the consultation document of the Hong Kong Certificate Authority,The platform that applies for a license must insure the customer's assets.Liang Fengyi also told the media that the Hong Kong Securities Regulatory Commission is in discussions with the Insurance Regulatory AuthorityThe cost of purchasing insurance for customer assetsOther matters.OneDegree Group