July 3, 2024 By Sharan Kaur Phillora In a move to strengthen its position in the blockchain sector, Ant Digital, the fintech arm of Chinese e-commerce giant Alibaba, has announced a substantial increase in funding for its blockchain subsidiaries. This strategic expansion of registered capital underscores the company’s commitment to driving innovation in distributed ledger

July 2, 2024 By Anjali Kochhar The Internal Revenue Service (IRS) and the United States Department of Treasury have finalized new regulations that require cryptocurrency platforms to record transactions beginning in 2026. This action implements a component of the Biden Administration’s Infrastructure Investment and Jobs Act, which was passed in 2021. Under the new regulations,

July 1, 2024 By Sharan Kaur Phillora In a move for the insurance industry, Infineo has successfully tokenized $9.4 million worth of life insurance policies on the Provenance blockchain. This marks a significant step forward in the growing trend of tokenizing real-world assets (RWAs) on blockchain networks. Here’s what we know: Infineo, a blockchain-based life insurance

July 1, 2024 By Anjali Kochhar Hong Kong-based blockchain gaming firm Animoca Brands is exploring options for a public listing, potentially in Hong Kong or the Middle East, as early as late 2025, co-founder Yat Siu announced. Siu expressed confidence in going public, targeting the second half of 2025. However, he emphasized that the IPO

June 28, 2024 By Sharan Kaur Phillora Worldcoin, the iris-scanning biometric digital identity project, has announced a strategic partnership with Alchemy, a leading Web3 development platform, to build out the infrastructure for its World Chain ecosystem. The collaboration revealed on June 26, 2024, aims to provide World Chain developers with immediate access to Alchemy’s comprehensive

June 28, 2024 By Anjali Kochhar TRON founder Justin Sun has secured a significant legal victory in the People’s Court of China, concluding a two-year defamation battle against the Chongqing Business Media Group. The court ruled in Sun’s favor, citing the Media’s dissemination of false and unverified information that damaged Sun’s reputation. The lawsuit stemmed

June 27, 2024 By Anjali Kochhar Southeast Asian software and IT firms had a sharp increase in funding in the first quarter of 2024, raising a total of $99 million. But this huge influx of funding was only going to blockchain-related businesses. For the first time in four years, non-blockchain startups in the area were

June 27, 2024 By Sharan Kaur Phillora The Hong Kong Monetary Authority (HKMA) has moved further towards understanding and potentially embracing emerging financial technologies. On June 25, 2024, the Hong Kong Institute for Monetary and Financial Research (HKIMR), the research arm of the Hong Kong Academy of Finance (AoF), released two reports focusing on decentralized finance

June 26, 2024 By Anjali Kochhar In the midst of a turbulent Q2 2024, smart investors are turning their attention to China-based cryptocurrency projects. Despite the market downturn following an exceptional Q1, where Bitcoin and leading altcoins exceeded expectations, certain Chinese cryptocurrencies are showing promising potential. As meme coins, NFTs, DeFi tokens, and top altcoins