FEBRUARY 2024 NEWSLETTER
Tokenized Assets & Digitized Securities Insights |
Celebrating Excellence in the Fourth International Tokenized Assets and Digital Securities (TADS) Awards Ceremony – Winners Announced for “TADS Awards 2023” |
The 2023 TADS AWARDS (Tokenized Assets & Digitized Securities Awards), recognizing excellence in the field of tokenized assets and digital securities, concluded with a remarkable award ceremony on 6 February 2024, at Cyberport Hong Kong. Read more |
Circle to cease minting USDC on Tron network effective immediately |
The U.S.-based stablecoin issuer said it would discontinue minting USDC on the Tron network “to ensure that USDC remains trusted.” Read more |
3 bull market narratives for 2024 that you haven’t heard about yet |
Layer-3s, superchains, appchains and chain development kits (CDKs) are just some of the developments in blockchain primed to take off in the year ahead. Read more |
Hong Kong to Host Its First Green FinTech Summit |
In alignment with Hong Kong Green Week, set for 26 February to 2 March, Cyberport, in collaboration with Finoverse and the World Green Organisation, is set to co-host the first Green FinTech Summit. Read more |
UBS Issues Hong Kong’s First Investment-Grade Tokenised Warrant on Ethereum |
UBS has launched Hong Kong’s first investment-grade tokenised warrant, leveraging the Ethereum public blockchain. Read more |
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RD Technologies, HashKey Exchange, Allinpay Exploring Stablecoin Integration |
RD Technologies announced its intent to collaborate with the Hong Kong licensed virtual assets trading platform, HashKey Exchange, and financial payment company Allinpay International. Read more |
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Citi the latest TradFi player to test out asset tokenization |
Citi is the latest financial firm to test bringing real-world assets onto distributed ledger technology networks, finding that such efforts can offer big advantages over traditional models. Read more |
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Crypto, Tokenization, AI Are Priorities for Monitoring, FSB Says Ahead of G20 Meeting |
The Financial Stability Board plans to publish a status report on its crypto roadmap and a report on the financial stability implications of tokenization. Read more |
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WEB3 / AI / METAVERSE / NFT |
eBay rethinks NFT strategy with KnownOrigin, lays off Web3 team |
eBay is reevaluating its foray into the Non-Fungible Token (NFT) space, leading to a significant shakeup within its Web3 division. Read more |
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Emma Watson’s AI-Rendered Male Alter Ego: A Glimpse into the Future of Celebrity Transformation |
AI technology reimagines Emma Watson and other celebrities in opposite genders, showcasing the blend of creativity and technology in transforming perceptions of identity and celebrity. Read more |
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Binance Boosts Web3 Wallet with New Features and $1M Airdrop Campaign |
Binance enhances its Web3 Wallet with ERC-404 token support, an Inscriptions Marketplace, and announces a $1M airdrop to engage users. Read more |
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NFTs Are the Pillars of Digital Capitalism, Animoca Founder Says |
Yat Siu explains why we shouldn’t dismiss NFTs as monkey JPEGs and how blockchain acts as a political system of sorts, fostering a consensus-based democratic process. Read more |
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BLOCKCHAIN / DEFI / CRYPTO |
Crypto Traders See 20% Chance of Bitcoin Topping $70K by April End: DeFi Options Marketplace Lyra |
Bitcoin has rallied 35% in three weeks, with mining reward halving due in April. There is a one-in-five chance of bitcoin (BTC) crossing $70,000 by the end of April, according to options data from decentralized marketplace Lyra Finance. Read more |
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DeFi Devs get real-time Bitcoin ETF data with Pyth Network |
Pyth Network introduces Bitcoin ETF price feeds to allow DeFi developers access to real-time market data, bridging the gap between traditional finance and decentralized finance. Read more |
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U.S. Bans Crypto Addresses Tied to LockBit Ransomware Group From Financial System |
LockBit hit more than 2,000 different victims, who forked out north of $120 million in payments, according to a DOJ press release. Read more |
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Coinbase expands asset recovery tool to Polygon and BNB Chain |
The cryptocurrency exchange will charge a 5% commission for retrievals above $100. Read more |
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Asset Manager Jupiter’s Crypto Investment Scrapped by Compliance Team: FT |
The firm’s Gold & Silver fund made a $2.58 million investment in an XRP ETP in the first half of 2023, which was later cancelled. Read more |
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Japan Embraces Web3 Crypto Investment: New VC Law Approved |
Japan’s Cabinet approved a Bill allowing limited liability partnerships (LLPs) to invest in crypto asset tokens, benefiting venture capital (VC) firms. Read more |
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CSpro Booth, co-exhibiting with Cyberport Hong Kong, at the Asian Financial Forum (AFF) on 24-25 January 2024 |
Thank you to everyone who visited our CSpro.io booth, co-exhibiting with Cyberport Hong Kong, at the Fintech Showcase area at the Asian Financial Forum (AFF) on 24-25 Jan 2024. Read more |
STO FRIDAY co-hosted by CSpro and Stevenson, Wong & Co on 12 January 2024 |
Thank you for everyone who joined us at the STO FRIDAY event co-hosted by CSpro and Stevenson, Wong & Co on 12 January 2024! We had an amazing session focused on the INVESTOR STREAM, exploring the world of STOs and the benefits for investors. Read more |
Breaking New Ground: iSHANG and Earth Exchange Unveil Revolutionary NFT Staking Program for Environmental Sustainability in Response to the COP28 Climate Conference |
In a momentous stride toward environmental progress, iSHANG, the Web3 arm of Coinstreet group, and Earth Exchange revealed their innovative NFT Staking Program in response to the 2023 COP28 climate conference recently held in UAE, marking a pivotal milestone in their committed journey towards sustainability. Read more |
Digital Asset Series (DAS) 2024 Session #1 – The Web3 Chronicles: Tokens Unleashed |
We are thrilled to announce that the highly anticipated DAS 2024 Session #1 event, co-organized by CITD, the Hong Kong Web 3 Association, and the Digital Asset Series, took place on 31 January 2024. Read more |
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