Fun

News Feed - 2023-10-18 01:10:27

Brayden Lindrea4 hours agoHong Kong’s attitude toward crypto sours after JPEX saga: Survey41% of respondents said they prefer not to hold virtual assets or cryptocurrencies — up 12 percentage points from an earlier study.1477 Total views4 Total sharesListen to article 0:00NewsJoin us on social networksPublic attitude toward cryptocurrency in Hong Kong has taken a dive following the JPEX crypto exchange scandal, according to the initial findings of a new survey.


The survey, conducted by The Hong Kong University of Science and Technology’s business school, was to understand how public attitudes toward virtual assets may have been impacted by the JPEX scandal.


The survey was launched on Sept. 28, around 11 days after the allegations toward JPEX were made public, with its results compared against a similar survey conducted between April and May.


While the survey period is set to end on Oct. 20, the results so far found that 41% of respondents would prefer not to hold virtual assets — up 12 percentage points from a study conducted in May.


Only 20% of respondents now want to hold virtual assets in the future, down five percentage points from the earlier survey — another sign that Hong Kongers’ sentiment toward the cryptocurrency industry may be souring.The recent JPEX scandal in Hong Kong has sent shockwaves through the crypto community. A new survey shows how it"s affecting trust in the digital asset space.

Thread pic.twitter.com/pmbQdbFAND— tanjiro (@tanjiroNFTs) October 17, 2023


HKUST acknowledged the second survey came in the “aftermath of an alleged financial fraud” of a cryptocurrency platform last month but didn’t directly refer to JPEX in its report.


Professor Allen Huang, associate dean of HKUST’s business school, said the recent financial incident has brought more public attention to the cryptocurrency industry, resulting in a “more conservative investment appetite” of late. He added:“As virtual assets become increasingly a part of the digital economy, more educational initiatives are needed to enhance public understanding and awareness of the risks and potentials of this emerging field.”


HKUST’s business school said the survey aimed to gauge the attitudes and views of Hong Kong people on virtual asset investment based on their experiences, intentions and regulatory safeguards.


Related:JPEX crypto exchange launches asset lock-up plan, some users cry foul


5,700 people aged 18 and above took part in the first survey, while 2,200 people were surveyed in the second survey between Sept. 28 and Oct. 5.


JPEX allegedly operated a $166-million fraud scheme, which unraveled over several months before Hong Kong authorities publicly declared they were investigating the exchange.


In light of the JPEX saga, the Hong Kong Police Force and the Securities and Futures Commission set up a cryptocurrency-focused working group on Oct. 5 to deal with illicit activities on exchanges.


Magazine: How to protect your crypto in a volatile market — Bitcoin OGs and experts weigh in# Hong Kong# Business# Adoption# Survey# Cryptocurrency Exchange# DataAdd reactionAdd reactionRead moreThe economy is surging, which means it might be time to start buying BitcoinToken adoption grows as real-world assets move on-chainHong Kong could be a ‘tailwind’ for lagging crypto activity in Asia — Chainalysis

News Feed

Kraken and Tottenham Hotspur score big in crypto partnership
Josh O"Sullivan11 hours agoKraken and Tottenham Hotspur score big in crypto partnershipKraken is now Tottenham Hotspur’s first official crypto and Web3 partner, with the goal of boosting fan engagement and increasing a
US Judge Denies Customer’s Plea to Quash IRS Bitstamp Inquiry
US Judge Denies Customer"s Plea to Quash IRS Bitstamp Inquiry A Washington Western District Court judge has rejected petitioner William Zietzke’s appeal to stop the U.S. In
Turner Wright7 hours agoProsecutors rest their case as Sam Bankman-Fried prepares to testifyDefense lawyers representing SBF called two witnesses, a Bahamas-based attorney and an expert from a litigation consulting firm,
XBOW automated AI hacker matches 20-year veteran pentester in 28 minutes
Martin Young2 hours agoXBOW automated AI hacker matches 20-year veteran pentester in 28 minutesAn AI-powered penetration tester solved 88 out of 104 benchmark tests in 28 minutes. It took the best pentester in the experi
Cointelegraph and CoinMarketCap Hacked: Why Non-Custodial Wallets Are Necessary
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Trump wants Bitcoin ‘made in the USA’ after hosting mining industry heads
Brayden Lindrea4 hours agoTrump wants Bitcoin ‘made in the USA’ after hosting mining industry headsThe presidential candidate showed his support for the crypto mining industry after executives pitched him on how they
Pakistan Freezes Over 1,000 Accounts and Cards Used For Crypto Trading
Pakistan Freezes Over 1,000 Accounts and Cards Used For Crypto Trading Authorities in Pakistan have reportedly moved to seize hundreds of bank accounts and cards belonging to crypt
Uniswap Captures $2 Billion Locked, Dex Volume Outpaces Second-Largest Centralized Exchange
Uniswap Captures $2 Billion Locked, Dex Volume Outpaces Second-Largest Centralized ExchangeThe decentralized exchange (dex) built on Ethereum, Uniswap has accumulated a whopping $2
Shellfish Plant Is Putting Scallops on IBM’s Food Tracking Blockchain
A seafood plant is working with IBM to track the provenance of fresh scallops using blockchain technology. The Raw Seafoods plant in Fall River, Massachusetts, is collaborating with
Tesla Reveals Bitcoin Holdings Worth $1.3 Billion in Q2, $23 Million BTC Impairment
Tesla Reveals Bitcoin Holdings Worth $1.3 Billion in Q2, $23 Million BTC Impairment Elon Musk’s electric car company, Tesla, is holding bitcoin worth $1.31
Starbucks says its NFT rewards program must come to an end
Ciaran Lyons7 hours agoStarbucks says its NFT rewards program must come to an endStarbucks" decision to end its NFT rewards program is in line with similar moves by other major companies in the last year.2625 Total views
Bitcoin price falters as macroeconomic and regulatory headwinds mount
Marcel Pechman5 hours agoBitcoin price falters as macroeconomic and regulatory headwinds mountBitcoin price reversed course at the $71,000 level as professional traders" confidence began to waver.7250 Total views231 Tota