In short, the CEO of BitMEX donates $ 2.5 million to fight COVID-19. Bitcoin mutual fund established in Hong Kong

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The contribution announced by the BitMEX CEO will be distributed among four organizations that are actively working to resolve issues related to COVID-19.

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CEO of BitMEX donates USD 2.5 million to help fight it COVID-19

The CEO of BitMEX, Arthur Hayes today announced a $ 2.5 million donation to help fight the corona virus COVID-19.

According to the BitMEX blogHayes emphasized that capital is distributed among the organizations Gates Philanthropy Partners, Nuclear Threat Initiative, OpenMined and Our World in Datathat prevent the spread of the COVID-19 pandemic and receive contributions of between $ 300,000 and $ 1 million.

In this context, Hayes commented:

We are very committed to concessions and financial contributions. We want to make sure that our actions during the COVID 19 crisis have the greatest impact now and in the future.

With this announcement, BitMEX joins the corporate group in the crypto ecosystem to provide monetary and / or technological contributions to this cause, among which there are already exchanges such as Binance, as well as companies in the mining sector such as Bitfury.

Hong Kong regulators approve the fund Bitcoin for $ 100 million

The Hong Kong Securities and Futures Commission (SFC) approved the creation of the first fund Bitcoin according to the new legal guidelines, which have a value of USD 100 million and are managed directly by Arrano Capital, the investment direction derived from Venture Smart Asia.

According to various news media, this would be the first EU-approved investment fund of its kind CFS local, which allows the responsible company to start trading cryptocurrencies. It is only available to institutional investors and will not open it to interested parties until it has received the appropriate approval from the Hong Kong regulator.

In this regard, the Chief Investment Officer of Arrano Capital, Avaneesh Acquilla stated that this will serve as a precedent for other types of products that they plan to launch in the future, adding:

This is clear evidence that there are clear guidelines for those who want to manage cryptocurrency funds in Hong Kong. Although the process is lengthy and with many details … we show that it is possible to comply with all established standards.

Authorities in Singapore capture cryptocurrency fraud promoters

The Singapore authorities have arrested a total of 14 Chinese nationals who have immortalized a medium-sized chat group fraud to promote fraudulent cryptocurrency investment programs.

In this context, local reports indicate that criminals pretended to be successful local investors through various messaging applications and invited them to participate in seemingly lucrative offers in exchange for an investment in digital currencies. The authorities persecuted the fraudsters and carried out the arrest last weekend.

The accused have the option of spending 10 years in prison for fraud and paying an additional fine to compensate those affected. Currently, the total amount activated by merchants and the number of people who have been victims of this fraud are unknown and have been in operation for at least two months.

Although the case attracted particular attention at the local level, these types of scams are generally very widespread via social networks and messaging groups WhatsApp / telegram. The procedure is basically similar, as the fraudsters take advantage of the good name and image of a recognized person and support this lucrative offer by inviting interested parties to divide their capital under unrealistic profitability promises.

PBoC: China’s new digital currency will be available during the 2022 Olympic Games

The People’s Bank of China (PBoC)The main authority that governs the Asian country’s monetary policy stated that the new digital currency they are developing will be available and can be used during the 2022 Winter Olympics.

This has been reported by the local television station CCTV, which indicated that a director of the research institute for the new digital currency of the PBoC The announcement confirmed that the event will be a good place to promote the adoption and use of the new cryptocurrency supported by the Chinese government.

Originally, the introduction of the new asset was planned for the middle of this year, but no official data from the PBoC, precisely because of the health emergency messages that are available in several cities due to the spread of cases COVID-19.

However, the official assured that some state banks are already conducting internal tests on the new digital asset, making cities like Shenzhen, Suzhou, Xiong’an and Chengdu the first to take the step to implement the use of this cryptocurrency. as a pilot, and then take that opportunity to other areas.


Related articles

China: 4 state banks test digital yuan and distribute it as a state subsidy in Suzhou

In response to the coronavirus, Coinbase shares the employee emergency plan and China postpones the digital yuan

Source: BitMEX blog /. TheBlockCrypto / CoinDesk / Coinnounce

Angel Di Matteo’s version / DailyBitcoin

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