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Topic

Cryptocurrencyi

News and analysis about non-fiat, decentralised assets used as digital currencies, including bitcoin, ether, altcoins and stablecoins.

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  • India recently rescued dozens of its citizens who were forced to run online scams in the Southeast Asian nation
  • Scams targeting desperate jobseekers have been on the rise in India, where unemployment is rampant despite the economic boom
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Criminals withdrew cash from stooge accounts and used it to buy virtual currencies at local over-the-counter outlets in a bid to conceal flow of money, police say.

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FTX said in a court filing it owes about US$11.2 billion to its creditors. The exchange estimates it has between US$14.5 billion and US$16.3 billion to distribute to them.

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‘The Mona Lisa of the internet’, fans call her. Meet Kabosu, elderly shiba inu former rescue pup who became the face of cryptocurrency Dogecoin and her photo a US$4.2 million NFT.

Hong Kong will launch its first spot bitcoin and ether exchange-traded funds next week, cementing the city’s role as a virtual-asset hub, in contrast to mainland China’s crackdown on cryptocurrencies.

Spot bitcoin and ether ETFs in Asia could be attractive to investors looking to avoid US tax laws, but the market is still relatively ‘tiny’.

Bosera Asset Management, HashKey Capital, Harvest International and ChinaAMC are all working on spot crypto ETFs after the SFC’s first conditional approvals.

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Crypto industry executives were touting the benefits of bitcoin at the four-day Web3 Festival amid anticipation for the approval of spot ETFs this month.