April 26, 2023 By Anjali Kochhar Krafton, the company from South Korea that created the popular battle royale game PUBG: Battlegrounds, is still working on its Web3 metaverse game platform, which is currently called Migaloo. The company has partnered with Naver Z, an augmented reality firm from South Korea, to form a joint venture company […]

April 25, 2023 By Murtuza Merchant Over the past few years, Hong Kong has emerged as a leading global financial hub, with the city’s regulatory environment playing a significant role in attracting businesses and investors.  The rise of cryptocurrencies and blockchain technologies has compelled the Hong Kong government and regulators to adapt and create a

April 25, 2023 By Sharan Kaur Phillora Hong Kong’s ambitious goal to become a leading crypto hub has opened an opportunity for many state-affiliated banks in China. The Chinese banks, despite a blanket ban on crypto-related activities in mainland China, are showing interest in building partnerships and onboarding regulated crypto companies in Hong Kong. Here’s

April 24, 2023 By Anjali Kochhar A digital asset platform, which is one of the largest in Asia, is set to introduce an AI trader bot by the end of this month. As the financial industry rapidly embraces this cutting-edge technology, OSL, a subsidiary of Hong Kong-based BC Group, which is supported by US investment

April 24, 2023 By Sharan Kaur Phillora The National Press and Publication Administration (NPPA), the agency that oversees online games in China, has granted publishing licenses to 86 domestic online games. This includes popular titles from Alibaba Group Holding Limited, Baidu, Inc, and TikTok parent ByteDance Ltd. The move is a positive sign of easing regulatory

April 21, 2023 By Joe Pan On March 31, Hong Kong court set a precedent in a case involving the now-defunct crypto exchange Gatecoin, recognizing crypto as property “capable of being held on trust”. Justice Linda Chan, who presided over the case of Gatecoin Limited [2023] HKCFI 91, said that Hong Kong, like other common

April 21, 2023 By Anjali Kochhar Nike, the popular footwear brand, is introducing its first NFT drop on its. Swoosh Web3 platform several months after its launch. The collection, called Our Force 1 (OF1), is made up of Polygon virtual sneaker NFTs that pay homage to the iconic Nike Air Force 1 shoe from 41

April 21, 2023 By Anjali Kochhar In a court case linked to the now-defunct crypto exchange Gatecoin, a Hong Kong judge has ruled that cryptocurrencies are “property” which is “capable of being held on trust.” According to the law firm Hogan Lovells, this case should provide greater clarity to insolvency practitioners and other common law

April 20, 2023 By Murtuza Merchant Prominent Bored Ape Yacht Club collector, recognized as @franklinisbored on Twitter, revealed that they have sold a significant number of non-fungible tokens from the elite Yuga Labs collection. The Block Research verified that @franklinisbored sold a total of 27 Bored Ape NFTs for 1,439 ETH, which is nearly $3

April 20, 2023 By Sharan Kaur Phillora According to a filing from the US office of Government Ethics, President Trump served as “manager, president, secretary and treasurer” for CIC Digital LLC through March 2022. This company licensed NFT INT LLC to use his name, likeness and image in the widely publicised “Trump”. Digital Trading Card”