August 18, 2023 By Anjali Kochhar In a groundbreaking study focused on China’s asset-backed security (ABS) market, the transformative impact of blockchain adoption has been highlighted. The research delves into the thriving ABS sector in China, which has rapidly embraced blockchain technology, leading to enhanced trading efficiency and lowered costs. The study also investigates the role […]

August 18, 2023 By Sharan Kaur Phillora Amidst Beijing’s rigorous stance against cryptocurrency, local Chinese authorities have taken legal action against Shenzhen Shikongyun Technology, a prominent Filecoin mining entity, for orchestrating a pyramid scheme. Here’s what we know: The firm, which faced prosecution in Pingnan county, Guangxi region, had its four executives charged with instigating and

August 17, 2023 By Anjali Kochhar Former President Donald Trump, known for his skepticism towards cryptocurrencies, has been revealed to hold a significant amount of Ethereum in a cryptocurrency wallet. According to a financial disclosure form submitted to the Office of Government Ethics, Trump’s wallet contains Ethereum valued between $250,000 and $500,000. The Ethereum wallet is connected

August 17, 2023 By Sharan Kaur Phillora Tianjin, one of China’s pivotal port cities in the northeast, has announced that since its induction into the digital yuan pilot program in April 2022, residents and local businesses have transacted a staggering total of $1.76 billion in China’s Central Bank Digital Currency (CBDC).  Here’s what we know:

August 16, 2023 By Sharan Kaur Phillora In a groundbreaking move, Nanjing, the capital city of China’s Jiangsu Province, has unveiled a government-endorsed metaverse platform, setting the stage for significant advancements in the domain of metaverse research and development (R&D). Here’s what we know: Titled the “Blockchain Technology and Application Innovation Platform of China,” the

August 16, 2023 By Anjali Kochhar In a move set to reshape the luxury fashion landscape, Tapestry, the New York-based fashion conglomerate behind Coach and Kate Spade, has announced an $8.5 billion deal to acquire Capri Holdings—the parent company of Versace, Jimmy Choo, and Michael Kors. This merger not only signifies a consolidation trend in

August 15, 2023 By Anjali Kochhar If you are an avid follower of technology, you must know that blockchain has been a buzzword for a while now globally and in India. Experts believe by the time India’s independence turns 100 years old it will become a blockchain hub by utilizing all the use cases of

August 15, 2023 By Sharan Kaur Phillora Hong Kong’s principal financial watchdog, the Securities and Futures Commission (SFC), has provisionally sanctioned the Hong Kong Virtual Asset Exchange (HKVAX) to function under the city’s securities regulations. This monumental move comes as Hong Kong makes decisive steps in refining the rules governing the burgeoning digital asset landscape.

August 14, 2023 By Sharan Kaur Phillora In a strategic move signaling its bullish stance on Asian markets, the US-based blockchain giant, Ripple, has publicly voiced its intent to partner with Hong Kong’s dynamic blockchain ecosystem. The announcement, made through an official tweet, emphasizes Ripple’s commitment to pioneering the tokenization of value in Hong Kong

August 14, 2023 By Anjali Kochhar In a significant development, Ilya Lichtenstein has confessed to being the hacker behind the 2016 cyberattack on Bitfinex, a cryptocurrency exchange based in Hong Kong. This long-standing mystery in the crypto world was unravelled recently. Lichtenstein, along with his wife Heather Morgan, who is known as a rapper on