100 days ago • coindesk
Celo, Shopping for Blockchain Partner, Turns to the Delicate Issue of Money
A standalone blockchain, Celo is looking to migrate to become a layer-2 network atop Ethereum. The months-long selection process has started to look like "The Bachelorette," with teams behind the Arbitrum, Optimism, Polygon and zkSync networks all vying to win the technology mandate.
102 days ago • cryptopotato
Blocktrade and SKAi2 bring an All-In-One Solution for an Instant Crypto Payment
[PRESS RELEASE – Luxemburg, Luxemburg, January 24th, 2024] Asset marketplace and trading platform, Blocktrade, has announced a major release that brings crypto payment to the shops easier than ever. With the new feature, any retailer can now accept payments in multiple cryptocurrencies, and receive euros that are deposited into their accounts instantly. With the collaboration […]
112 days ago • nulltx
WiseLending Protocol Faces Price Manipulation Attack, Resulting In $460k Loss
WiseLending, a comprehensive financial services platform in the decentralized finance (DeFi) space, recently fell victim to a price manipulation attack, leading to a substantial loss exceeding $460,000. Distinguished as a one-stop-shop for DeFi financial services, Wise Lending is dedicated to simplifying yield generation while providing top-tier Annual Percentage Yield (APY) […]
143 days ago • cryptodaily
Worldcoin Integrates With Leading Platforms For Smoother Human Verification
Worldcoin’s upgraded World ID feature will now allow users to verify their humanity on a multitude of platforms like Microsoft, Reddit, Telegram, Shopify, and others.
189 days ago • cointelegraph
Community-powered crypto trading: CryptoRobotics joins Cointelegraph Accelerator
CryptoRobotics, a one-stop-shop trading platform, offers trading bots, autostrategies and signals while fostering a community-driven mission to outperform the market.
233 days ago • cryptopotato
Hong Kong Regulator Flags ‘Suspicious Features’ on JPEX, Alleges Misleading Licensing Claims
The SFC contacted relevant influencers, opinion leaders, and OTC shops, requesting them to stop promoting JPEX and its services.
250 days ago • cryptodaily
Hong Kong's Digital Leap: Embracing Web3 and the Future of Entertainment
Digital technology, particularly innovations like Web3 and blockchain, is the driving force behind a transformation in Hong Kong.
Paul Chan Po-Mo, Financial Secretary for Hong Kong, recently laid out his vision for the future of digital technology in Asia in an official government blog with the title: “Entertainment Goes Beyond Boundaries with Web3”.
According to Chan, the global online entertainment market, which stood at USD 184.2 billion in 2021, is projected to skyrocket to USD 653.4 billion by 2027, marking an impressive 21% annual growth.
The Cyberport digital community
He remarked on the recent Digital Entertainment Leadership Forum, organised by Cyberport, saying that it was a testament to Hong Kong's commitment to this digital evolution.
The event, which attracted over 3,500 attendees both online and in-person, served as a platform for experts from over 30 countries to discuss the future of digital entertainment in the Web3 era. The forum also doubled as a highlight of the "Happy Hong Kong" campaign, offering a blend of Augmented Reality games, tech workshops, and local delicacies.
Cyberport, a digital community in Hong Kong, currently houses over 170 companies specialising in the metaverse, game development, e-sports, and more. Many of these firms are making significant strides in leveraging Web3 and other cutting-edge technologies. Noteworthy achievements include a fitness app that allows users to work out alongside Marvel characters and a metaverse game that has amassed a significant following in Japan.
Web3 offers so much more
But Web3's potential isn't limited to entertainment. Its foundational technology, blockchain, promises transparency, security, and cost-efficiency. This tech is poised to revolutionise sectors from finance to supply chain management.
The recently inaugurated Web3 Living Lab showcases local companies' innovative applications of Web3 in diverse life and business scenarios. From using blockchain to monitor livestock health for financing to introducing programmable tokens for efficient payments, Hong Kong's startups are at the forefront of innovation.
The Hong Kong Government isn't far behind. Earlier this year, the Hong Kong Monetary Authority pioneered the issuance of tokenised green bonds, a global first. This move streamlined the bond issuance process, slashing the lead time from five business days to just one.
A Web3 ecosystem
To further bolster Web3 development, Chan stated that he had allocated $50 million to Cyberport. The fund aims to nurture a thriving Web3 ecosystem, drawing in businesses, talent, and fostering educational initiatives. Presently, Cyberport is home to over 180 Web3-centric companies, with a significant portion hailing from Mainland China and abroad.
The Task Force on Promoting Web3 Development, which Chan chairs, recently held its inaugural meeting. This group, comprising industry leaders and professionals, is dedicated to guiding Hong Kong's Web3 journey, ensuring its sustainable and orderly growth.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
250 days ago • cryptodaily
Hong Kong's Digital Leap: Embracing Web3 and the Future of Entertainment
Digital technology, particularly innovations like Web3 and blockchain, is the driving force behind a transformation in Hong Kong.
Paul Chan Po-Mo, Financial Secretary for Hong Kong, recently laid out his vision for the future of digital technology in Asia in an official government blog with the title: “Entertainment Goes Beyond Boundaries with Web3”.
According to Chan, the global online entertainment market, which stood at USD 184.2 billion in 2021, is projected to skyrocket to USD 653.4 billion by 2027, marking an impressive 21% annual growth.
The Cyberport digital community
He remarked on the recent Digital Entertainment Leadership Forum, organised by Cyberport, saying that it was a testament to Hong Kong's commitment to this digital evolution.
The event, which attracted over 3,500 attendees both online and in-person, served as a platform for experts from over 30 countries to discuss the future of digital entertainment in the Web3 era. The forum also doubled as a highlight of the "Happy Hong Kong" campaign, offering a blend of Augmented Reality games, tech workshops, and local delicacies.
Cyberport, a digital community in Hong Kong, currently houses over 170 companies specialising in the metaverse, game development, e-sports, and more. Many of these firms are making significant strides in leveraging Web3 and other cutting-edge technologies. Noteworthy achievements include a fitness app that allows users to work out alongside Marvel characters and a metaverse game that has amassed a significant following in Japan.
Web3 offers so much more
But Web3's potential isn't limited to entertainment. Its foundational technology, blockchain, promises transparency, security, and cost-efficiency. This tech is poised to revolutionise sectors from finance to supply chain management.
The recently inaugurated Web3 Living Lab showcases local companies' innovative applications of Web3 in diverse life and business scenarios. From using blockchain to monitor livestock health for financing to introducing programmable tokens for efficient payments, Hong Kong's startups are at the forefront of innovation.
The Hong Kong Government isn't far behind. Earlier this year, the Hong Kong Monetary Authority pioneered the issuance of tokenised green bonds, a global first. This move streamlined the bond issuance process, slashing the lead time from five business days to just one.
A Web3 ecosystem
To further bolster Web3 development, Chan stated that he had allocated $50 million to Cyberport. The fund aims to nurture a thriving Web3 ecosystem, drawing in businesses, talent, and fostering educational initiatives. Presently, Cyberport is home to over 180 Web3-centric companies, with a significant portion hailing from Mainland China and abroad.
The Task Force on Promoting Web3 Development, which Chan chairs, recently held its inaugural meeting. This group, comprising industry leaders and professionals, is dedicated to guiding Hong Kong's Web3 journey, ensuring its sustainable and orderly growth.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
252 days ago • cryptodaily
Crypto Weekly Roundup: Fee Jump For Friend.Tech And More
Friend.Tech’s 24-hour fee jump places the social app in the top three projects for fee generation, only behind Ethereum and Lido, according to data from DeFiLlama. Let’s find out more.
Ethereum
According to a recent filing with the U.S. Securities and Exchange Commission (SEC), Ark Invest and 21Shares are teaming up to apply for an Ethereum Futures Exchange Traded Fund (ETF).
Cryptocurrency exchange Bitstamp announced it would end Ethereum (ETH) staking services to its US customers as of September 25 due to the rigid US regulatory environment.
According to a post by Farcaster co-founder Dan Romero on August 23, the decentralized social media protocol is migrating to OP Mainnet.
DeFi
Shiba Inu's much-anticipated Shibarium network, a layer-2 solution built on Ethereum, is gearing up for a fresh launch after encountering initial setbacks.
Blockchain oracle provider API3 has announced that it is launching a new data feed service suite for Polygon zkEVM, designed from a new push oracle solution that's centered around first-party architecture.
The dYdX foundation has published a list of guidelines and requirements that validators and stakers must comply with to ensure maximum user protection.
Altcoins
The PEPE token registered a sharp decline in price after millions of meme tokens flooded prominent crypto exchanges such as Binance, Bybit, and OKX.
A phishing site has seized control of the Terra website, leading the site developers to sound the alarm and eventually freeze the Terra.money website.
The social app Friend.tech has registered a big increase in protocol fees, generating fees in excess of $1.4 million in a 24-hour period. The team has vehemently denied a report claiming the personal data of over 100,000 users had been leaked.
Technology
Yuga Labs, the creators of the hugely popular NFT collection Bored Ape Yacht Club (BAYC), announced they will remove support for OpenSea’s Seaport Protocol from February 2024.
Business
Leading e-commerce platform Shopify will now allow users to make USDC payments thanks to its recent integration of the Solana Pay app.
Considering the complexity of the ever-evolving crypto market, the trading platform Bitget has introduced the Bitget Protection Fund.
Dropbox has moved its unlimited storage plan to a metered one in order to stop crypto miners’ “uneven usage.”
Binance, the renowned global crypto exchange, has expanded its footprint by introducing its payment solution, Binance Pay, to the Brazilian market.
Binance is pulling its horns in Latin America and the Middle East by withdrawing its crypto payment credit card.
Coinbase and Circle, the two entities behind USD Coin (USDC), have announced new terms that would change the governance and funding of the USDC stablecoin.
Regulation
The SEC has charged a former corrections officer from New Jersey for his role in a bizarre cryptocurrency scam.
The FBI has spotlighted six Bitcoin wallets believed to have connections with North Korea for their alleged ties to activities that breach US sanctions.
Disgraced FTX founder Sam Bankman-Fried has pleaded not guilty to seven new charges brought against him in a Manhattan federal court on Tuesday.
US District Judge Robert Pitman has dismissed an appeal filed by six Tornado Cash users who sought to lift sanctions placed on the controversial cryptocurrency mixer.
Security
Magnate Finance, a lending and borrowing protocol that operates on the Ethereum Layer-2 network Base, has apparently orchestrated a rug pull, stealing millions of dollars from users of the protocol.
Liquidity protocol Balancer has disclosed that it has discovered a critical vulnerability that has impacted over 100 of its v2 pools spread across eight different blockchains.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.