NFT News Official TheBitTimes.com

In 2019, the Hong Kong-listed company “Brand China” chose to change its name to “BC Technology” and fully entered the digital assets and blockchain field. On December 15, 2020, OSL, a digital asset trading platform under the BC Technology Group, obtained the first and seventh licenses under the regulatory framework of the Hong Kong Securities and Futures Commission, becoming the first digital asset trading platform with a listed parent company, licensed in Hong Kong, covered by asset insurance, and audited by the Big Four accounting firms. After the new policy on virtual assets in Hong Kong officially landed on June 1, 2022, OSL became one of the first crypto platforms to apply for virtual asset retail trading business. For a long time, OSL has been the only licensed and listed digital asset trading platform in Hong Kong. Benefiting from compliance advantages, they have successively cooperated with traditional financial giants such as DBS Bank and Standard Chartered Bank in the field o...

Data analytics platforms have reported billions of dollars in outflows from Binance over the last week, but this can be misinterpreted, argues Changpeng Zhao. While data suggests that crypto assets have been flowing out of centralized exchange s at an accelerated pace over the last week, Binance CEO Changpeng Zhao argues it may not be as bad as it appears.  Leading analytics platforms such as Nansen and DeFiLlama have all measured increased exchange outflows from Binance over the past seven days after news of the SEC lawsuit against the firm hit the airwaves. According to Nansen, there has been a net outflow of $2.36 billion from Binance over the past seven days along with $123.7 million flowing out of Binance.US. DeFiLlama reported an even larger figure of $3.35 billion in outflows from Binance, while Glassnode data shows the exchange's BTC balance having declined by 5.7% or around $1 billion over the past seven days. CEX asset flows. Source: DeFiLlama However, in a June 10 Twitt...