Business

US DOJ hits Paxful with $4 million in cases linked to illegal sex work, money laundering

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Paxful Holdings, which pleaded guilty last year to charges by U.S. authorities that it promoted illegal prostitution, violated money laundering laws and knowingly handled the proceeds of crime, was ordered to pay a $4 million fine, much reduced because of the company’s current ability to pay. Peer-to-peer bitcoin BTC$67,479.33 marketplace that had been popular in […]

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Hong Kong remains committed to digital assets but feels competition from an ‘aggressive’ UAE

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Hong Kong, one of the world’s biggest financial hubs, has long been engaged in cryptocurrency and blockchain technology – but it faces a competitive challenge from the crypto-friendly UAE. This was a fact acknowledged by panelists Joseph Chan, Under Secretary for Financial Services and Treasury in Hong Kong, and Johnny Ng, founder of web3 investment

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Ondo and Securitize discuss at Consensus Hong Kong

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Hong Kong – Tokenization is gaining traction, but its success depends less on market hype and more on real-world utility, say executives from Ondo Finance and Securitize. “There is no shortage of companies, of issuers, of companies that are interested in tokenization,” said Graham Ferguson, head of ecosystem at Securitize, during a panel discussion at

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Why crypto venture capitalists at Consensus Hong Kong are playing a 15-year game

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The mood among top venture capitalists in Consensus Hong Kong was not retreat but recalibration as the crypto market experienced an extended downturn. Hasseeb Qureshi, managing partner at Dragonfly, described today’s venture market as a “barbell:” On the one hand, proven verticals assembled at scale; on the other, a narrow set of next-generation, high-risk bets.

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In unknown market conditions, historical data-driven AI trading bots will falter

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Today’s AI trading bots are based on a limited amount of historical data, meaning completely unknown market events like the 10/10 liquidations or even last week’s severe sell-off will leave agentic trading models short of the mark. These historical data-driven AI models have never seen huge liquidations in a single day and would find this

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BTC rises slightly but remains lower for the day after strong jobs numbers

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US job growth strengthened significantly in the first month of 2026. 130,000 jobs were added in January, according to a Wednesday report from the Bureau of Labor Statistics. Economists’ forecasts had been for 70,000 added jobs, up from job growth of 48,000 in December. The unemployment rate fell to 4.3%, compared to forecasts of 4.4%

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