• Over 80 crypto firms expressing interest in setting up businesses in Hong Kong since October 2022. • Financial Secretary Christian Hui noted the city’s plans to become a leading Web3 hub. • Hong Kong government has allocated $50 million to expedite the development of…
•The Silicon Valley Bank (SVB) collapse on March 10 has caused fear, uncertainty and doubt (FUD) across the crypto community. •Six weeks after the dramatic collapse of Lehman Brothers, Satoshi Nakamoto released the now-famous white paper, paving the way for Bitcoin’s emergence. •USDC issuer Circle…
• The metaverse is testing the limits of what is legally possible by hosting a court hearing in Colombia • This experiment accelerates the mass adoption of virtual reality technology, but raises questions about its suitability for important social events such as court proceedings •…
• BlueWallet is severing its connection to LndHub, a Lightning Network protocol. • BlueWallet users of the Bitcoin Lightning Network must connect to nodes to continue using services. • A lightning developer advised users not to panic and move out their funds as no changes…
• The article discusses the regulatory challenges facing DeFi platforms and how they can maintain compliance without compromising user privacy. • Alastair Johnson, CEO of identity ’super-wallet‘ Nuggets, discusses the use of zero-knowledge proofs, decentralized identifiers and more to maintain compliance. • Johnson also explains…
• Russian government is investing in a crypto mining center in Siberia • The center will possess 30,000 crypto mining machines and hire 100 workers • Tax incentives are provided for those who want to invest in crypto mining Russian Government Subsidizes Crypto Mining Facility…
• Binance Chain, a blockchain platform launched by crypto exchange Binance, revealed interest in building a blockchain-based Web3 infrastructure in its new BNB Greenfield white paper. • The testnet of the proposed Web3 infrastructure is supported by community developer teams from Amazon Web Services, NodeReal…
• A Bitcoin mining project in Malawi is helping 1600 families connect to the grid while providing economic empowerment to the area. • The project utilizes 50 kilowatts of stranded energy to test out as a new Bitcoin mining site. • The miners run off…
• Liquidators of Alameda Research reportedly incurred at least $11.5 million in losses since taking control of Alameda’s trading accounts. • Arkham Intelligence reported that one wallet under the control of liquidators has seen a string of „significant losses“ due to liquidations, some of which…
• The government of Hong Kong remains committed to the development of cryptocurrency infrastructure despite the ongoing industry crisis. • Financial Secretary Paul Chan declared that Hong Kong has become a foundation connecting high quality virtual asset firms. • The local government is open to…