January 26, 2024 By Sharan Kaur Phillora In a significant technological milestone, DGS, a member of Hong Kong’s startup community Cyberport, has launched China’s first digital stamps on the Polygon blockchain. This historic initiative, in collaboration with China Post Hong Kong Limited, marked a digital evolution of a key aspect of Chinese heritage. Here’s what […]

January 25, 2024 By Anjali Kochhar Since the beginning of the cryptocurrency era Governments and Banks around the world have echoed the sentiments that cryptocurrencies are not secure for investment. It is a well-known fact that to secure crypto transactions from fraudulent activities and maintain security only username and verification code are not sufficient and

January 25, 2024 By Sharan Kaur Phillora China is forging ahead in the digital realm by establishing the Metaverse Standardization Working Group, a significant step in shaping the future of its virtual shared space, dubbed the ‘Yuanverse’. Announced by the Ministry of Industry and Information Technology (MIIT), this group is a coalition of Chinese universities,

January 24, 2024 By Anjali Kochhar Elon Musk’s multi-functional app, X (previously Twitter), is making waves with its announcement of a dedicated account for an upcoming payments feature set to launch in 2024. This move has sparked speculation within the crypto community about the potential inclusion of cryptocurrencies in the platform’s payment services. The dedicated

January 24, 2024 By Sharan Kaur Phillora Venture Smart Financial Holdings Ltd. (VSFG), a key player in Hong Kong’s financial sector, is set to launch a groundbreaking spot Bitcoin exchange-traded fund (ETF) in the first quarter of 2024. This initiative aligns with Hong Kong’s ambition to become a leading digital asset hub and represents a

January 23, 2024 By Anjali Kochhar In the aftermath of Donald Trump’s victory in Iowa’s caucus and his stance against government-issued digital currency, specifically central bank digital currency (CBDC), he declared his opposition during a speech in New Hampshire. Trump emphasized that as president, he would prevent the creation of a CBDC, arguing that it

January 23, 2024 By Sharan Kaur Phillora Despite Beijing’s stringent ban on crypto trading in 2021, an underground crypto market is reportedly thriving in China, according to The Wall Street Journal (WSJ). Investors are finding ways to circumvent the nation’s strict regulations through various means, including VPNs, social media platforms, and physical trading methods. Here’s

January 22, 2024 By Sharan Kaur Phillora Despite the growing market interest following the U.S. Securities and Exchange Commission’s (SEC) clearance of Spot Bitcoin exchange-traded funds (ETFs), Singapore’s Monetary Authority (MAS) maintains its stance against allowing these products for retail investors. The MAS has prohibited the listing of Spot Bitcoin ETFs in Singapore, citing the

January 22, 2024 By Tsering Namgyal Aegis Trust & Custody, a virtual asset custody that provides regulated custody services for Real World Asset Tokenization and cryptocurrency in the United States and Hong Kong, announced the establishment of the Digital Asset Service Hub (DASH) and Consortium with the support of Syndicate Capital Grou.  Being part of the

January 22, 2024 By Anjali Kochhar The legal battle between the U.S. Securities and Exchange Commission (SEC) and Coinbase is intricate, hinting on whether transactions involving approximately a dozen tokens on the exchange qualify as securities. During a recent court proceeding, both the SEC and Coinbase agreed that the tokens, in themselves, are not securities.