Hong Kong police vow to make arrests after virtual asset trading platform Hounax allegedly defrauded 131 people out of nearly HK$120 million

Hong Kong police vow to make arrests after virtual asset trading platform Hounax allegedly defrauded 131 people out of nearly HK$120 million

Hong Kong police launched an investigation on Saturday after more than 130 people claimed a virtual asset exchange platform called Hounax had defrauded them of nearly HK$120 million (US$15.4 million), and the force vowed to make arrests soon. The Securities and Futures Commission (SFC) listed Hounax as a suspicious virtual asset trading company earlier this … Read more

The Rise of Cryptocurrency: Understanding the Future of Digital Currency

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The Rise of Cryptocurrency: Understanding the Future of Digital Currency Cryptocurrency, once a mere concept, has now become a powerful force in the digital world. With the rise of Bitcoin in 2009, the world witnessed the birth of the first decentralized cryptocurrency. Since then, several other cryptocurrencies have emerged, each with its own unique offerings … Read more

Exploring the Wild West of Cryptocurrency: The Risks and Rewards of Investing in Digital Currency

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Exploring the Wild West of Cryptocurrency: The Risks and Rewards of Investing in Digital Currency Introduction Cryptocurrency, the revolutionary digital currency that exists solely in the virtual realm, has captured the imagination of investors, technologists, and the general public alike. With its decentralized and anonymous nature, cryptocurrency offers a brave new world of financial possibilities. … Read more