Crypto News
Edith Yeung Sees Big Things to Come for Crypto in Hong Kong
As the co-founder and general partner at early stage venture capital fund Race Capital, Edith Yeung has had a front-row seat on the development of the crypto sector, particularly in Hong Kong, where she was born and raised. Most notably, she was a seed investor in Solana, investing $250,000 when SOL was valued at just $0.04, and also was an early investor in Lightning Network. Since 2017, Yeung has also authored the China Internet report, an influential annual survey of technology trends in China.Here, Yeung, who will be a speaker at Consensus Hong Kong, discusses Hong Kong’s ongoing development as a crypto hub, her take on China’s stance towards crypto, what she foresees for Solana and one big crypto prediction...
XRP Shakes up Crypto Rankings: Third-Largest Market Cap Reclaimed
The digital asset XRP has reclaimed its position as the third-largest cryptocurrency by market capitalization, displacing the stablecoin tether (USDT). XRP Surpasses USDT’s Market Cap in 2025’s Early Rally As of Friday, Jan. 3, 2025, XRP has climbed back to third place in valuation, trailing only bitcoin (BTC) and ethereum (ETH). At 11 a.m. EasternSource link
Dogecoin Keeps Surging as Fartcoin Rides AI Hype to All-Time High Price
Dogecoin is getting hot again, rising by 18% since the start of the year while Bitcoin inches above $98K and Fartcoin blasts to new heights.Source link
How Chinese Lending Firm Cango Became a Bitcoin Mining Powerhouse
The bitcoin (BTC) mining industry was shaken up in the last months of 2024 by the sudden entrance of a new player: Cango (CANG), a Chinese firm that specializes in providing loans to automobile buyers.Based in Shanghai and valued at $363 million on the stock market, Cango is in the process of acquiring 50 exahashes per second (EH/s) worth of mining power, meaning that the auto lending platform will become one of the largest bitcoin miners in the world once its entire fleet goes online.“I guess it’s surprising for people in the industry because nobody has ever heard of Cango before,” Juliet Ye, the company’s senior director of communications, told CoinDesk in an interview. “But the history of Cango...
16 Years Later: How Bitcoin’s Genesis Block Sparked a New Era of Money
Sixteen years ago, the world witnessed the launch of a groundbreaking peer-to-peer electronic cash system, Bitcoin, by its enigmatic creator, Satoshi Nakamoto. This innovation sparked a revolution in how people perceive money, currency, and financial assets. Since the release of the Genesis block, over 877,000 blocks have been mined on the decentralized ledger network, markingSource link