December 18, 2023 By Sharan Kaur Phillora The Hong Kong Web3 Festival is back for its second edition, taking place from April 6th to 9th, 2024, co-hosted by Wanxiang Blockchain Labs and HashKey Group. This event follows the successful 2023 edition and promises a lineup of industry experts. Here’s what we know: In 2023, the […]

December 15, 2023 By Sharan Kaur Phillora TRM Labs, a prominent blockchain security and analytics firm, published a report revealing that the total funds lost to crypto hackers in 2023 plummeted by more than 50% compared to the previous year. This decline is particularly significant, considering the losses fell to approximately $1.7 billion in 2023

December 15, 2023 By Anjali Kochhar Proposed adjustments to the structure of spot bitcoin ETFs would allow authorized participants (APs) to generate new fund shares using cash, expanding access to banks that are unable to directly hold cryptocurrencies. Wall Street banks, who are subject to regulations regarding their cryptocurrency holdings, now have the opportunity to

December 14, 2023 By Anjali Kochhar In 2024, the European Union will become the first major jurisdiction in the world to formally adopt a series of comprehensive laws and regulations governing the cryptocurrency sector. The introduction of the Markets in Crypto Assets law, or MiCA for short, has been welcomed. In order to provide legal

December 14, 2023 By Sharan Kaur Phillora China has taken a significant leap in technological innovation with the introduction of the RealDID system, a blockchain-based platform designed to verify the identities of its 1.4 billion citizens. Here’s what we know: This initiative, led by the Ministry of Public Security in collaboration with the Blockchain-based Service Network

December 13, 2023 By Anjali Kochhar Two sections of the National Defense Authorization Act (NDAA) that addressed concerns about cryptocurrency-related money laundering have been removed by the US government. The country’s defense department is permitted to spend federal funds in accordance with the NDAA, a law. Two measures that addressed a comprehensive review mechanism and

December 13, 2023 By Sharan Kaur Phillora Enjin’s monumental migration of 200 million NFTs from Ethereum and its sidechain JumpNet to the Enjin Blockchain marks a historic advancement in blockchain technology. This movement of 118 million NFTs from Ethereum and 101 million from JumpNet represents the largest NFT migration in history, underlining the growing demand for blockchain efficiency

December 12, 2023 By Anjali Kochhar In an attempt to recoup $689 million in privileged payments, bankrupt cryptocurrency lender Genesis Global Capital has launched a lawsuit against cryptocurrency exchange Gemini, according to a Nov. 21 court document. According to the lawsuit, Gemini withdrew an “aggregate gross amount of no less than approximately $689,302,000” during the 90-

December 12, 2023 By Sharan Kaur Phillora In a significant step towards the global adoption of digital currencies, Singapore and China have initiated a cross-border pilot program that will allow tourists to use China’s central bank digital currency, the digital yuan (e-CNY), during their travels. This move, announced by the Monetary Authority of Singapore (MAS),

December 11, 2023 By Dr. Shirley Yeung On Dec. 4th 2023, Dr. Shirley Yeung (Project Convener/ Designer/ Implementor and Chair, community Education, ICENECDEV / Head, School of Business, Gratia Christian College HK) participated in the United Nations Climate Change conference in Dubai.  She along with Mr. Eric Fongoh (Co-founder, International Centre for Environmental Education and