June 22, 2023 By Sharan Kaur Phillora Alibaba, the Chinese technology conglomerate, has appointed Joseph Tsai as its new Chairman, effective from September 2023. Tsai’s appointment comes at a crucial time for China’s crypto industry, as he has already displayed a keen interest in the field, raising hopes for cryptocurrency enthusiasts. Here’s what we know: Tsai’s […]

June 22, 2023 By Anjali Kochhar The global blockchain gaming market is estimated to grow 70.3 per cent (CAGR) in the next five years, according to a report by MarketsAndMarkets. The 155-page report suggested that by 2027, this industry is likely to be valued at USD 65.7 billion as opposed to USD 4.6 billion in

June 21, 2023 By Anjali Kochhar In recent weeks, the cryptocurrency market has been gripped by speculation and volatility as rumours circulate about a clandestine U.S. “alliance to destroy crypto.” While Bitcoin (BTC) and other top cryptocurrencies such as Ethereum, BNB, XRP, Cardano, Dogecoin, Tron, Solana, and Polygon’s Matic experienced significant gains, their rally abruptly

June 21, 2023 By Sharan Kaur Phillora Oval3, the leading digital entertainment platform for rugby fans, is set to release a unique collection of nonfungible tokens (NFTs) on the renowned Binance NFT marketplace. Here’s what we know:  Just in time for the Rugby World Cup 2023, Oval3’s partnership with Binance NFT enhances its visibility and

June 20, 2023 By Sharan Kaur Phillora Hong Kong is becoming an attractive destination for cryptocurrency firms seeking friendlier jurisdictions due to challenging regulatory conditions in the United States, according to Neil Tan, chairman of the FinTech Association of Hong Kong. The city’s strategic position as a gateway to China and its robust access to

June 20, 2023 By Sharan Kaur Phillora Hong Kong is witnessing the emergence of blockchain-based security products, offering investors new opportunities within the city’s thriving Web3 industry. These products stand apart from virtual assets like cryptocurrencies and are gaining traction among investors. Here’s what we know: UBS and Bank of China’s Hong Kong-based investment arm recently announced

June 19, 2023 By Tsering Namgyal Major Hong Kong banks such as HSBC, Standard Chartered and Bank of China have been pressured by the Hong Kong Monetary Authority (HKMA), the city’s de facto central bank, to take on more cryptocurrency firms, the Financial Times reported on Thursday. The paper cited sources in those banks and a

June 19, 2023 By Murtuza Merchant In a groundbreaking development last July, a record was set when a bottle of Champagne Avenue Foch 2017 was auctioned off for a staggering $2.5 million.  The pair of Italian investors who procured the bottle got more than just wine – they were also presented with a special Non-Fungible

June 16, 2023 By Joe Pan In recent weeks, the digital asset industry has witnessed intriguing developments, including increased regulatory scrutiny by US authorities targeting prominent crypto exchanges. In contrast, China has taken a significant leap forward in embracing innovative financial solutions. BOCI, a prominent Chinese bank, has made headlines by officially introducing the country’s

June 16, 2023 By Anjali Kochhar Sygnum, a fintech start-up backed by Singaporean telco Singtel, has received in-principle approval from the Monetary Authority of Singapore (MAS) to operate as a major payment institution, according to a statement. This approval opens the doors for Sygnum to expand its services in Singapore, including the provision of a