Over the next three years, G-Rocket, a startup accelerator co-founded by Hong Kong Legislative Council members Jonny Ng Kit-Chong and Casper Wong in 2016, plans to attract 1,000 Web3 companies to the city. As part of Hong Kong's...
Since the FTX crash, Binance, a leading global cryptocurrency exchange, has had to deal with fear, uncertainty, and doubt (FUD). In response to the FUD, Binance released a blog post in Chinese on December 22 that addressed seven...
The United States Securities and Exchange Commission (SEC) and Commodities Futures Trading Commission (CFTC) have brought new fraud allegations against Caroline Ellison, former CEO of Alameda Research, and Gary Wang, former co-founder of FTX. This follows the duo's...
Layer 2 activity has seen significant growth and has even surpassed Layer 1 Ethereum activity in certain performance metrics, such as transactions per second. Compared to Ethereum, Layer 2 networks have a higher total number of transactions per...
The California Department of Financial Protection and Innovation (DFPI) has ordered the cryptocurrency lending platform MyConstant to halt the sale of its various cryptocurrency products due to alleged violations of state securities laws. The DFPI alleges that MyConstant's...
The government of British Columbia in Canada has announced that the state-owned electric utility company, BC Hydro, will not accept any new electricity connection requests from cryptocurrency miners for the next 18 months. The British Columbian government made...
Analysts predict that next-generation consumer brand interaction will be powered by NFTs in 2023, bringing new audiences to the metaverse. The metaverse was the subject matter of the business world in 2021 and early 2022, as developers rushed...
The Governor of the Reserve Bank of India, Shaktikanta Das, has stated that while India is not at war with digital currencies, the use of private cryptocurrencies could lead to the next financial crisis. Das added that cryptocurrencies...
A new rule amending Alaska's money transmission laws now includes virtual currencies among the money transmission activities that are subject to regulation. Firms dealing in digital currencies will be required to obtain an Alaska money transmission license starting...
MoneyGram has launched a new online platform called MoneyGram Online (MGO) in Brazil, allowing Brazilian users to send money internationally via MoneyGram. This service allows for almost real-time transfers to friends and relatives overseas and offers a variety...
