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Web3 Gaming Accelerator ICC CAMP by ABGA Officially Launches in Hong Kong with Opportunities for Founder Partnerships
ICC Camp invites venture capital corporations, chain ecosystems, CEX/DEX ecosystems, gaming professionals and developers, media representatives, player communities, and other groups interested in the Web3 gaming ecosystem to join as founding partners. The objective is to collectively build ICC Camp, which is committed to cultivating and empowering future entrepreneurs in the Web3 gaming industry.
Finance Minister and Minister of State for Electronics & IT Unveil the Next Chapter of India's Technological Transformation at DATE 2023 - NFTnewsinsider.com
NEW DELHI, India, November 27, 2023 — India is newest and already being celebrated as the most impactful Digital Acceleration and Transformation Expo (DATE) was inaugurated by the Honourable Finance Minister Smt.
Jared ‘Daredevil’ Dillinger joins YGG Web3 Games Summit
MANILA, Philippines, November 22, 2023 — PBA legend and champion Jared ‘Daredevil’ Dillinger brings along his fellow PBA players in the week-long YGG Web3 Games Summit at the Bonifacio Global City in Taguig, Yield Guild Games (YGG) announced. Dillinger will be joined by his former Gilas Pilipinas teammate and reigning PBA Governor’s Cup Best Player of the Conference Christian Standhardinger and recent Gin Kings import Tony Bishop, Jr. in a live gameplay demo of Riftstorm by Mythic Protocol.
World Blockchain Summit: Common Wealth's Mission Attracts Key Investments
DUBAI, United Arab Emirates, November 10, 2023 — In a major development on the 2nd day of the 26th global edition of the World Blockchain Summit in Dubai, Cypher Capital and Master Ventures announced their strategic investments in Common Wealth during the summit, marking a vital step in the evolution of the blockchain landscape.
WBS Dubai: Crafting Tomorrow’s Digital Landscape
DUBAI, United Arab Emirates, November 9, 2023 — The 26th global edition of the World Blockchain Summit, held in Dubai, recently concluded as a resounding success leaving the attendees with enthusiasm and excitement for the future of blockchain in the Middle East and North Africa (MENA) region.
ADGM Launches World’s First Legal Framework for Blockchain Foundations and DAOs
Abu Dhabi Global Market (ADGM) has announced the launch of the world’s first-ever legal framework specifically designed for Blockchain Foundations and Decentralized Autonomous Organisations (DAOs). This pioneering framework is poised to establish a new global standard in the regulatory landscape of Distributed Ledger Technology (DLT) and blockchain sectors.
MAS Halts DBS Bank’s Non-Essential Activities for Six Months Amid Efforts to Enhance System Resilience
In a decisive move to ensure the stability and reliability of digital banking services, the Monetary Authority of Singapore (MAS) has enforced a six-month moratorium on non-essential IT modifications for DBS Bank Ltd. Furthermore, the bank is prohibited from pursuing new business expansions and downsizing its existing branch and ATM operations in Singapore during this period. This decision was made in the wake of persistent service disruptions experienced by DBS Bank this year.
Countdown to World Blockchain Summit Dubai 2023 Begins!
DUBAI, United Arab Emirates, October 29, 2023 — The countdown has begun as the World Blockchain Summit returns, scheduled for November 1st-2nd, 2023, at the Address Dubai Marina, hosted by Trescon. This highly anticipated summit is set to become a major focal point for global web3 and blockchain innovators to take note of the region’s efforts towards a web3-driven future.
YGG Web3 Games Summit 2023 Attracts Global Web3 Leaders and Game Developers
Our PR partner, yourPRstrategist, is a proud media partner of the YGG Web3 Games Summit and we are pleased to extend a 30% discount to our community. Discount code: YGG30 MANILA, Philippines, October 26, 2023 — More than 1,500 Web3 leaders from around the world will be coming to the Philippines, the epicenter of Web3 adoption, for the upcoming YGG Web3 Games Summit on November 18 to 25 at the Bonifacio Global City in Taguig, Yield Guild Games (YGG) announced in a press conference.
FinaMaze Awarded the “AI Fintech Innovation” Award at the Entrepreneur’s Tech Innovation Awards 2023
FinaMaze, the AI Digital Wealth Manager regulated by the Financial Services Regulatory Authority in the ADGM, is pleased to announce its receipt of the “AI Fintech Innovation” Award at the Entrepreneur Tech Innovation Awards 2023, held yesterday at Sofitel the Palm, Dubai. CEO Mehdi Fichtali commented: “We are honored to receive this significant award, reflecting our ongoing commitment to integrating AI and human expertise to deliver advanced, personalized investment solutions.
EDX Markets Partners with Solidus Labs to Support Best-in-Class Comprehensive Transaction Monitoring
EDX Markets (EDX) announced that it has partnered with Solidus Labs to provide transaction monitoring across EDX’s platform. Through this partnership, EDX plans to provide customers with seamless end-to-end transactional risk management capabilities in order to maintain the highest compliance standards across the cryptocurrency industry and reflect key institutional best practices.
Hong Kong approves first retail cryptocurrency exchanges
HONG KONG – Local crypto giants, HashKey Group and OSL, have been greenlit by Hong Kong regulators to operate as the city’s inaugural licensed cryptocurrency exchanges catering to retail investors. The move reaffirms the city’s positioning as a burgeoning global crypto nucleus. These two were, hitherto, the sole local exchanges licensed by the Securities Futures Commission (SFC) to provide specific digital asset trading services, but only to professional investors.
Hong Kong FinTech Week Returns in 2023
The annual Hong Kong FinTech Week, scheduled from 30 October to 5 November 2023, is poised to be a focal point for the global fintech community. Hosted in the bustling metropolis at the Hong Kong Convention and Exhibition Centre (HKCEC) and other strategically chosen venues, this event is not just a conference—it’s a statement on the future of financial technology. Backdrop In an era where technology intersects almost every facet of our lives, the financial sector is no exception.
Num Finance Partners with TruBit to Expand Trading Opportunities for Latin American Users
Num Finance, the premier issuer of local stablecoins in Latin America, announces a new strategic partnership with the all-in-one leading crypto platform in LATAM TruBit. As part of the alliance, nARS – the Num Finance-issued stablecoin that follows the price of the Argentine peso – has been listed on the popular exchange, providing TruBit users a means of trading and acquiring nARS securely and efficiently.
Is Metaverse Dead?
In the fast-paced digital realm, the gravitational pull of new innovations can often cause earlier phenomena to fade into the shadows. With AI’s meteoric rise, making strides in every conceivable sector from healthcare to financial modeling, the once-buzzing world of the metaverse appears to be retreating into the background. But is it accurate to say the metaverse is dead?
PayPal Introduces US Dollar-Based Stablecoin on Ethereum Platform
PayPal has unveiled a new stablecoin pegged to the US dollar, marking a significant step in the digital asset domain by a major US financial firm. This revelation comes after the company began offering crypto services in 2021, facilitating the buying, selling, and holding of prominent cryptocurrencies like bitcoin and ether.
Former General Manager at Wipro, Andrew Aitken joins Hedera as Chief Open Source Officer
Hedera, the leaderless proof-of-stake network leading the next generation of the Web, has appointed Andrew Aitken as Chief Open Source Officer (COSO), to lead its realignment as a fully open source Web3 platform. Andrew is a veteran in the open source sector, having served as an open source expert to the White House, guest lecturer for Stanford’s Entrepreneur Program and founder of the industry’s only think tank.
SEC Charges Crypto Mogul Richard Heart in an alleged $1 Billion Fraudulent Scheme
In a major crackdown on illicit activities in the world of digital finance, the Securities and Exchange Commission (SEC) has levied charges against crypto entrepreneur Richard Heart, whose real name is Richard Schueler. Heart, alongside three entities under his control – Hex, PulseChain, and PulseX – is accused of conducting unregistered offerings of crypto asset securities, amassing more than $1 billion from investors.
Sam Altman’s Worldcoin project launches
Worldcoin, Sam Altman’s project to build an identity and financial network by giving away free crypto tokens to people who agree to get their irises scanned, has launched in several cities around the world. OpenAI’s Altman and Worldcoin co-founders Alex Blania and Max Novendstern, say that 4.4 billion people lack a legal, digitally-verifiable identity, hindering their ability to access the global economy and things like government aid, financial services and healthcare.
US instant payment network FedNow goes live
The Federal Reserve has switched on its new instant payment system, FedNow, with 35 banks and credit unions onboard. The 35 early-adopting banks and credit unions are joined by the US Department of the Treasury’s Bureau of the Fiscal Service and 16 payment processing service providers. “The Federal Reserve built the FedNow Service to help make everyday payments over the coming years faster and more convenient,” says Federal Reserve chair Jerome H. Powell.
Bunq has secured €44.5 million in funding
Dutch neobank bunq has raised €44.5 million in growth capital at a €1.65 billion valuation, bringing its total funding for the year to €100 million. Current investors founder Ali Niknam, Pollen Street Capital and Raymond Kasiman joined the round for Europe’s second largest neobank. The valuation is the same as when the company closed a €193 million Series A in 2021 – despite the recent market downturn.
The Innovation Corridor: Unleashing Fintech and Web3 Synergies in the UAE, Saudi Arabia, and Hong Kong
Navigating the expansive seas of fintech, the UAE, Saudi Arabia, and Hong Kong have charted their course towards a future embellished with digital assets. This emergent triumvirate of innovative economies is setting the stage for a transformational corridor where the rules of finance are reimagined. Hong Kong and the UAE have set the wheels in motion, fostering a bilateral pact to reinforce their collaboration in the financial sector, particularly within the realm of virtual assets.
Argentem Creek Partners Leads USD 20 Million Venture Loan Round for Salmon
Consumer fintech Salmon today announces it has secured a USD20MM venture loan from U.S. emerging-markets specialist investment firm Argentem Creek Partners, enabling Salmon to further scale its lending operations across the Philippines. Building on significant investor interest in the transaction, Salmon will expand its loan book, leveraging its existing point-of-sale and cash loan lending, and will launch new disruptive products in the second half of 2023.
Argentem Creek Partners obtains In-Principle Approval from Abu Dhabi Global Market
Argentem Creek Partners (‘Argentem’), an emerging markets specialist investment firm, announces that it has been granted an In-Principle Approval (IPA) for a Financial Services Permission (FSP) on 20th June 2023 from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), the leading international financial centre in the region. Once Argentem has satisfied all IPA conditions and receives its final FSP, the firm is set to expand operations in the region.
ADGM Launches Comprehensive Sustainable Finance Regulatory Framework to Propel UAE’s Net Zero Ambition
Abu Dhabi Global Market (ADGM) has implemented its sustainable finance regulatory framework today, marking an essential step towards accelerating the UAE’s transition to net-zero greenhouse gas emissions. This framework comprises a broad range of environmental, social, and governance (ESG) disclosure requirements, as well as a regulatory system for sustainable funds, managed portfolios, bonds, and sukuks.
Polimec and Deloitte Launch KYC Credentials for DeFi Fundraising
In a recent development that marks a significant stride towards regulatory compliance in decentralized finance (DeFi), Polimec, a decentralized funding protocol built on Polkadot, has joined forces with Deloitte Switzerland. The collaboration aims to issue reusable Know Your Customer (KYC) credentials to facilitate global digital asset fundraising. The move, announced on June 27th, 2023, also sets the groundwork for reducing the risk of fraud and hastening the advancement of Web3.
The Final Countdown: Inclusive FinTech Forum, Kigali
As the Content Lead for the Inclusive FinTech Forum at Elevandi, I have had the privilege of helping shape the Forum’s content over the past five months. It’s an exciting time as we approach the launch of a groundbreaking event in the vibrant city of Kigali, Rwanda, jointly conceived by Elevandi and the Kigali International Financial Centre. The Forum holds the promise of fostering inclusiveness and sustainability in the realm of financial technology.
Fintech Week London - From Flux to Flow: Evolving the future of finance
Date: 19 – 23 June 2023 Price: In-Person which is £695, Virtual Only which is £295 Venue: Tottenham Hotspur Stadium – East Quarter, Worcester Ave, London N17 0BX Fintech Week London 2023 is a five-day event that runs from 19 June 2023 to 23 June 2023 with a two-day flagship conference on 19 and 20 June. Let’s work together to pave the way for a brighter future for the fintech industry.
Clash of Titans - SEC vs. Coinbase and Binance - Decoding the Battle for Crypto Supremacy
It is certainly heroic to fight the forces of nature, but success tends to be implausible. The forces of crypto regulation strongly oppose any innovative digital asset offering in the U.S. Since the Fed/FDIC/OCC statement on January 3, 2023, titled “Agencies issue joint statement on crypto-asset risks to banking organizations”, and the IMF statement on January 18, 2023, titled “Crypto Contagion Underscores Why Global Regulators Must Act Fast to Stem Risk”, regulators have dismantled crypto rails.
SEC Charges Binance Entities and Founder Changpeng Zhao with Numerous Securities Law Violations - Lawsuit Highlights
The impact of blockchain technology on various sectors of the global economy is unquestionably profound. Among
SEC Slams Coinbase with Charges for Operating as Unregistered Securities Exchange, Broker, and Clearing Agency
The US Securities and Exchange Commission (SEC) has charged Coinbase Inc., a prominent cryptocurrency trading platform, with operating as an unregistered securities exchange, broker, and clearing agency. The SEC alleges that Coinbase has been facilitating the unlawful buying and selling of crypto asset securities since 2019, making billions of dollars in the process.
Circle Singapore Secures MPI License from MAS
Circle Internet Singapore Pte. Ltd., an affiliate of Circle Internet Financial, LLC, has acquired a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). The license permits Circle Singapore to offer digital payment token services and to carry out both cross-border and domestic money transfers. One of the services it provides is the Circle Account, which facilitates institutional customers’ access to USDC, a digital dollar issued by Circle.
Binance and its U.S. Affiliate Experience $1.43b Withdrawals Following SEC Lawsuit, Reports Indicate
Approximately $1.43 billion has been withdrawn from cryptocurrency exchange Binance and its U.S. subsidiary by investors as of Tuesday 11 a.m. ET (1500 GMT), according to data analytics firm Nansen. This follows a lawsuit filed against both exchanges by a leading U.S. regulator a day earlier. Nansen’s tweet showed Binance experienced a net outflow of $1.34 billion in crypto tokens via the ethereum blockchain, with Binance.US, its American subsidiary, witnessing a net outflow of $70.8 million.
Artificial Intelligence to take centre stage at the Singapore FinTech Festival 2023
The Monetary Authority of Singapore (MAS) and Elevandi today announced the theme of the Singapore FinTech Festival (SFF) 2023– ‘Applications of Artificial Intelligence (AI) in Financial Services’. SFF 2023 will focus on the growth and adoption of AI and how this technology can potentially be used in financial services.
China’s White Paper Signals New Opportunities for Hong Kong’s Digital Asset Industry
Beijing’s Web3 White Paper and Hong Kong’s Crypto Regulations Provide Hope Amidst Global Regulatory Uncertainty In a significant development for the digital asset industry, Beijing has released a white paper titled “Web3 Innovation and Development,” outlining its plans to foster innovation and advance the Web3 ecosystem.
Beijing Launches Web3 White Paper Amid Regulatory Changes in Crypto Sphere
Beijing has issued a Web3 Innovation and Development White Paper, which outlines plans to encourage the development of the web3 industry. The Beijing Municipal Science & Technology Commission made the announcement at the Zhongguancun Forum. The commission’s goal is to establish Beijing as a hub for digital economy innovation.
The Impact of Blockchain Technology on Wealth Management
The impact of blockchain technology on various sectors of the global economy is unquestionably profound. Among the many industries it is disrupting, wealth management is one that stands out. Blockchain technology, by offering increased transparency, speed, and security, is gradually changing the ways wealth management functions. This article explores how blockchain technology is reshaping wealth management.
ETH Staking Rate To Surge By 35% Within 18 Months
In September 2022, Ethereum transitioned from the proof-of-work (PoW) to the proof-of-stake (PoS) consensus mechanism, known as the Merge. The move to the PoS protocol was seen as a more secure and energy-efficient approach, marking a significant milestone in the evolution of Ethereum. The Move Towards ETH Staking The security of a network is heavily dependent on its consensus mechanism, and PoS is one such mechanism that plays a crucial role.
Price Analysis May 13th - BTC, BNB, XRP, ADA, ETH, DOGE, SOL, and MATIC
Bitcoin sunk below $27,000 yesterday, but the co-founder of Decentrader, Philip Swift, says he doesn’t expect the coin to drop any further. The primary reason that keeps him bullish is the Bitcoin halving expected to happen next year. Usually, after this event, the price of BTC tends to rally. That said, Swift believes this is the right time to buy the crypto asset. Now, let’s look at some cryptocurrencies’ charts to find the support levels that may likely attract buyers.
Coinbase Launches Global Advisory Council with Former Lawmakers to Tackle Crypto Regulations
Key Insights: Coinbase has formed a Global Advisory Council to tackle regulatory compliance challenges and enhance strategic partnerships worldwide. The council comprises prominent industry leaders and political figures, including former lawmakers Pat Toomey, Tim Ryan, and Sean Maloney. The council aims to provide insights and counsel to Coinbase’s leadership team to facilitate a more equitable and transparent financial system. Coinbase Global Inc.
Congressman Brad Sherman Questions US SEC Over GBTC Redemption
According to reports, Congressman Brad Sherman has raised concerns regarding the ability of investors in Grayscale Bitcoin Trust (GBTC) to redeem their assets from the investment company. He sought clarification from the Securities and Exchange Commission (SEC) on why investors still struggle to withdraw their funds from the platform.
Google Debuts a Game-Changing Feature: Instant Access to Ethereum Balances in Search Results
Key Insights: Google’s instant access to Ethereum balances is a game-changer for crypto usability. Checking ETH balances via Google offers real-time data for informed crypto decisions. Inclusive and user-friendly, Google’s Ethereum feature supports mainstream crypto adoption. With Google’s most innovative development, cryptocurrencies have made a tremendous leap ahead. Users may quickly check their Ethereum (ETH) balances on Google, saving time and effort.
Decentralized Autonomous Organization (DAO) And How It Works
A DAO, which stands for decentralized autonomous organization, is a unique entity that operates without central leadership. Instead, decision-making power is distributed throughout the community and governed by rules enforced on a blockchain. This bottom-up approach allows for a more democratic and transparent decision-making process, where every member has an equal say in the organization’s direction.
Roblox Overcomes the Fading Metaverse Hype to Realize 22% Growth in Users and Revenue
The quarterly report issued by Roblox reveals that the online multiplayer game realized gains in the daily active users, stock, and revenue. The report credits the achievement to its unique nature of allowing players to build their games while socializing with friends. Roblox Realizes Revenue and Daily Usage Growth The gaming company realized $665 million in quarterly earnings, with growth witnessed in its daily active users (DAU).
How to Add Arbitrum to MetaMask - A Complete Beginner's Guide
Arbitrum is a layer-2 network built on top of Ethereum to provide cheaper and quicker transactions than the underlying network. The need for layer-2s came when Ethereum started witnessing a surge in development activity a few years ago, causing congestion on the network that led to higher gas fees. Besides Arbitrum, other Ethereum scaling solutions include Polygon, Loopring, and Immutable X. This article will focus on Arbitrum, the network created by the US-based company Offchain Labs.
Finsight Editorial: The Urgent Need for Objective Journalism in Digital Assets: Moving Beyond Media Narcissism
In an era marked by information overload and media saturation, it is crucial to examine the prevailing self-centeredness within the media industry. The excessive self-promotion by those entrusted with shaping news and trends has veiled the true purpose of journalism, leaving us to question why we tolerate this narcissism and mistake it for genuine journalism.
How to Buy and Sell NFTs on Polygon - A Complete Beginner's Guide
Fungible tokens like Bitcoin and Ethereum have dominated the crypto world for quite some time. But non-fungible tokens, popularly known as NFTs, have started gaining traction. These tokens are unique and have several use cases, like proving ownership of digital and real-world assets. As the demand for NFTs continues to grow, several blockchains, including Polygon, are providing a platform for Web3 enthusiasts to create these digital assets and for entrepreneurs to develop NFT marketplaces.
Altcoin Sherpa Shares Insights on PEPE, LINK, and SUI for Next Altcoin Rally
Key Insights: Altcoin Sherpa shared insights on various altcoins, highlighting potential long-term investment opportunities in PEPE, LINK, and SUI. The trader cautioned against investing in DOGE and XRP due to a lack of clear trends and sustained parallel ranges, respectively. Altcoin Sherpa noted that the fluctuations in BTC value could significantly impact the prices of the altcoins discussed.
Bitcoin Ordinals Guide 2023 – What Are BTC Ordinals? | Herald Sheets
Bitcoin NFTs refer to a way to store digital content on the blockchain of Bitcoin. They are also called Bitcoin ordinals, which are digital artifacts that can be used to represent certain aspects of the Bitcoin ecosystem. In January 2023, Casey Rodarmor created the protocol of Bitcoin ordinals. The Bitcoin ordinals protocol provides a way to encode digital content, like art, on the blockchain of Bitcoin. This allows for a more secure and transparent way of tracking and managing digital assets.
Ethereum Validators Earn $46M In May As Staking Reward Spikes
In the first week of May, Ethereum validators experienced a surge in staking rewards rate, leading to a notable rise in their earnings, which rose to $46 million. The validators’ annualized yield, measured by this metric, saw a significant increase, resulting in them earning 24,997 Ether (equivalent to $1,852) for the week. This marks a substantial 40% surge in income compared to the previous week when validators received $33 million in rewards, distributed as 18,339 ETH.
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