October 12, 2023 By Sharan Kaur Phillora Hong Kong police have issued a warning to Binance users after 11 Hong Kong residents fell victim to a phishing scam, resulting in a total loss of over $446,000 (3.5 million Hong Kong dollars) in just two weeks. Here’s what we know: The phishing operation saw fraudsters sending out […]

October 11, 2023 By Anjali Kochhar In a bid to fortify consumer safeguards amidst a wave of significant platform breaches, the U.S. Consumer Financial Protection Bureau (CFPB) is considering the application of the Electronic Fund Transfer Act (EFTA) to cryptocurrency platforms. Recent high-profile hacks on platforms such as Axie Infinity, Crypto.com, and FTX have underscored

October 11, 2023 By Sharan Kaur Phillora China Daily, a leading English-language newspaper under the Publicity Department of the Chinese Communist Party, has unveiled an ambitious project to establish its own metaverse and nonfungible tokens (NFT) platform.  Here’s what we know: The announcement underlines the surging significance of NFTs and the metaverse in the media

October 10, 2023 In this wide-ranging interview with NFTMetta correspondent Anjali Kochhar, Nikhil Goyal, founder and CEO of Beyond Imagination, discusses the future of blockchain, his company’s recent successes in signing up high-profile clients in both the private and public sectors, it’s ambitious plan to scale its business globally in the blockchain and Web3 space,

October 10, 2023 By Sharan Kaur Phillora Hong Kong is stepping into the future of digital currencies with its exploratory trials of a new digital currency named e-HKD. These trials have revealed encouraging possibilities in payment, deposit, and investment spheres, setting a prelude to a digitized financial ecosystem in the city. However, as per the

October 09, 2023 By Sharan Kaur Phillora China has linked its digital yuan platform with Hong Kong’s Fast Payment System (FPS). This integration is expected to facilitate quicker cross-border digital yuan transactions and enhance the compatibility between China’s Central Bank Digital Currency (CBDC) and global payment systems. Here’s what we know: The FPS, developed by

October 09, 2023 By Anjali Kochhar As artificial intelligence (AI) capabilities continue to advance, ensuring the authenticity of real-world images and content is becoming increasingly vital, and blockchain solutions are emerging as a pivotal tool. Nodle, a decentralised infrastructure network provider, has partnered with industry giants Adobe and the Linux Foundation to leverage blockchain technology

By Sharan Kaur Phillora The Hong Kong Stock Exchange has introduced Synapse, a blockchain-based settlement platform. This state-of-the-art system, which enhances the existing Stock Connect program that links Hong Kong’s stock markets to mainland China, leverages blockchain technology and smart contracts to refine post-trade workflows and mitigate settlement risks. Here’s what we know: According to

Old Cons Don’t Die, They Just Learn New Tech, Pig Butchering ring see billions in rackets from Hong Kong to Thailand By Joe Pan The recent unraveling of an alleged multi-million dollar cryptocurrency scam by Hong Kong-based trading platform JPEX has shone a spotlight on how old school scammer tactics are being repackaged to ensnare

By Sharan Kaur Phillora In a bold move that contradicts the ongoing downturn in the cryptocurrency sector, Hong Kong-based crypto venture capital firm CMCC Global has unveiled a US$100 million fund. This initiative is specifically designed to bolster blockchain start-ups throughout Asia, with a predominant emphasis on Hong Kong’s burgeoning virtual asset scene. Here’s what