APRIL 2024 NEWSLETTER
Tokenized Assets & Digitized Securities Insights |
Spot Bitcoin, Ether ETFs Get Official Approval in Hong Kong; ‘Potential Fee War’ Unfolding, Says Analyst |
Hong Kong’s market regulator has officially approved the first batch of crypto-related spot exchange-traded funds (ETFs), a first for the city and a move that could establish it as Asia’s leading digital-asset hub and unleash further growth in the sector. Read more |
Investors Fret Over Interest Rates: Digital Asset Outflows Hit $206M |
Digital asset investment products recorded $206 million in the past week. Bitcoin halving concerns triggered the 11th consecutive week of outflows from the blockchain equities. Read more |
IRS Releases Draft Tax Form for Digital Assets – Expert Raises ‘Major Privacy and Security Concerns’ |
The U.S. Internal Revenue Service (IRS) has released a draft tax Form 1099-DA for reporting digital asset proceeds from broker transactions. Read more |
BlackRock’s $10 Trillion Tokenization Vision: The Future Of Real World Assets |
We are currently witnessing a digital transformation as traditional finance and investments undergo a seismic shift towards greater efficiency and accessibility. Read more |
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HSBC to Expand Tokenized Asset Offerings – CEO Says He’s ‘Very Comfortable’ With Tokenization |
Hong Kong’s leading commercial bank, HSBC, continues to invest in its tokenization product lineup. The bank’s CEO, Noel Quinn, stated that he is “very comfortable with the concept of tokenization.” Read more |
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BIS and 7 central banks to explore asset tokenization through Project Agora |
The proof-of-concept projects seek to create a centralized platform for cross-border CBDC payments and tokenized money transfers. Read more |
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SDAX launches first-of-its-kind securitised gold tokens |
Singapore-based digital assets exchange SDAX has partnered with Oman’s Muscat Precious Metals Refining Company to launch a tokenised gold product on its platform. Read more |
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Blockchain Association and crypto activist group sue SEC over ‘Dealer Rule’ |
The Blockchain Association and a Texas-based crypto activist group are suing the SEC over its controversial “Dealer Rule” expansion, arguing it threatens the digital asset industry and innovation. Read more |
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Former Ethereum Adviser Steven Nerayoff Files $9.6B Lawsuit Against US Government |
Steven Nerayoff, an early adviser to the Ethereum network, has filed a lawsuit against the United States government for false charges and mistreatment. Read more |
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Thailand to Block Access to ‘Unauthorized’ Crypto Platforms |
The Thai SEC cited earlier decisions by nations like India and the Philippines in blocking unauthorized platforms. Read more |
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New Loanable Assets Available on Binance Loans and VIP Loan |
Binance Loans (Flexible Rate) and Binance VIP Loan have introduced new loanable assets, providing users with more options for collateralizing cryptocurrencies and earning rewards. Read more |
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Pantera Capital to Raise $1 Billion Capital For Its New Crypto Fund |
After weathering the crypto winter of 2022, this fundraising effort by Pantera Capital is poised to be its largest-ever allowing exposure to several asset class. Read more |
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Grayscale introduces crypto investment fund that prioritizes staking rewards |
Investors must have assets under management exceeding $1.1 million or a net worth over $2.2 million to qualify for Grayscale’s Dynamic Income Fund. Read more |
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Taisu Venture to Host Exclusive Private Investor Dinner Event in Hong Kong |
Taisu Venture is jointly backed by Emurgo (Cardano’s ecosystem fund) and SBI Group. Professional investors are cordially invited to attend an exclusive investor’s dinner event in Hong Kong on 17th May 2024 to explore new LP opportunities with its newly launched Web3 fund. RSVP here (seats are very limited). Read more |
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WEB3 / DIGITAL INDUSTRY TRANSFORMATION |
Web3 in Saudi Arabia: Faisal Al Monai’s Insights on the Next Digital Frontier |
Ishan Pandey: Hi Faisal, Welcome to our “Behind the Startup” series! We’re excited to have you join us. Could you share a bit about your background? Also, we’d love to hear your thoughts on Web3 adoption in Saudi Arabia? Read more |
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APAC nations move on digital transformation, but at varying speeds |
Governments in the Asia-Pacific region are on trend in pursuing digital transformation initiatives, according to new analysis from Gartner naming digital identity ecosystems and adaptive security among the top five government technology trends for 2024. Read more |
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Istanbul Airport’s strategy to become a pioneer of digital transformation focused on Artificial Intelligence, Machine Learning, Augmented Reality and Virtual Reality |
Istanbul Airport aims to be a pioneer of digital transformation and is utilising cutting-edge technologies to take its CX efforts to the next level. Read more |
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Former Disney boss launches Web3 game publisher with Marvel, Star Wars talent |
The team’s first game, PlanetQuest, has reportedly onboarded over 200,000 NFT holders. A team of Hollywood and gaming luminaries has joined forces to launch a AAA Web3 games publisher in the United Arab Emirates. Read more |
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Manchester City to release digital collectibles through multi-year partnership with Quidd |
The collectibles will include “money can’t buy” experiences such as pitch-side seats for exclusive team training events. Read more |
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A faster, better way to prevent an AI chatbot from giving toxic responses |
Researchers create a curious machine-learning model that finds a wider variety of prompts for training a chatbot to avoid hateful or harmful output. Read more |
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GCC, GenAI to help India’s tech sector grow to $254 billion in FY24-25: Deloitte |
India’s tech sector revenue set to grow with increasing focus on GenAI, spatial computing, and virtual reality. The sector expects significant growth in exports and the establishment of over 2500 global capability centers by 2030. Read more |
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NASA created VR metaverse to prep astronauts for life on lunar space station |
While most of us spend our time in the metaverse trading assets or bopping around in virtual realities on legless avatars, astronauts working with NASA and SpaceX are using it to prepare for life aboard a lunar space station that hasn’t been built yet. Read more |
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TEAMZ Web3/AI Summit on 13-14 April 2024: CSpro Exhibition Booth & Firechat Panel “Founders’ highlights: Future Trends in Blockchain Development” in Tokyo |
We are thrilled to share the highlights of our participation at the recent TEAMZ Web3/AI Summit in Toranomon Hills Forum at Tokyo on 13-14 April 2024! Read more |
Real-World Assets (RWA) Tokenization Insights on April 13, 2024 in Tokyo |
We are pleased to announce the successful conclusion of the “Real-World Assets (RWA) Tokenization Insights” event, hosted by Taisu Ventures and EMURGO, held on April 13, 2024, in Tokyo! Read more |
The HKiNEDA Seminar – The Next Big Opportunities with Virtual Assets on 22 April 2024 |
SAMSON (SAM) LEE and Jason Ho provided valuable insights on virtual asset classes, Bitcoin facts, and asset tokenization/RWA/STO. They discussed the regulatory landscape and the importance of responsible innovation. Attendees gained a comprehensive understanding of the industry. Read more |
Hong Kong Web3 Festival 2024 – Panel Discussion: STO on Different Perspectives on 9 April 2024 |
We had a dynamic “Panel Discussion: STO on Different Perspectives” hosted by HashKey Group as part of the Hong Kong Web3 Festival 2024 on April 9, 2024. Read more |
Digital Assets Series (DAS) 2024 – Session #2: Navigating the Tech Revolution on 28 March 2024 |
During this thought-provoking event, we had the privilege of hosting a dynamic panel discussion that delved deep into the legal implications of technological advancements and the fascinating evolution of virtual exchanges in the era of Web 3.0. Read more |
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