Bitcoin jumped and Coinbase’s app crashed, while Aptos eyes Hong Kong and Telegram rolls out rewards with TONWelcome to TechCrunch Crypto, formerly known as Chain Reaction.
This week in web3Crunching numbersThis week the crypto market was very hyped up as the two biggest cryptocurrencies by market capitalization, bitcoin and ether, both jumped about 23.6% and 18%, respectively, on the week, according to CoinMarketCap data.
The total crypto market cap increased 19.4% over a seven-day period to $2.34 trillion.
Our favorite ‘Crypto Twitter’ postICYMI, last week a lot of crypto people were tweeting about emails from Satoshi Nakamoto, the creator of Bitcoin.
In June 2022, Magic Eden raised $130 million in a Series B round that granted it unicorn status.
Ever since Hong Kong legalized cryptocurrency trading last June, blockchain projects from the West have been paying more attention to the Asian financial hub.
Aptos, the a16z-backed blockchain network developed by a group of former Meta employees, is one of them.
Started by some of the original creators of Meta’s abandoned crypto payment project Diem, Aptos is set to host a DeFi event in Hong Kong this April.
When asked when users in Hong Kong will get access to Aptos-based DeFi services, the founder said he cannot speculate on regulation.
“I do think Hong Kong regulators are moving things in the right direction and forward and providing clarity for entrepreneurs to build.
Since the early days of cryptocurrency, Hong Kong has been known as an area that welcomes new and innovative technology. This tradition continues today with the city being home to…
As more and more traditional financial institutions become hesitant to get involved in the world of cryptocurrency, other places are emerging as new hubs for the digital asset industry. Hong…
