NOVEMBER 2024 NEWSLETTER
Tokenized Assets & Digitized Securities Insights |
Bitcoin ETFs Attract Record $3.13 Billion in Weekly Inflows Amid $100K Price Surge Hopes |
Bitcoin investment products experienced a surge in net inflows, reaching $3.12 billion between Nov. 18 and 22, according to CoinShares. Read more |
Big Victory in Tornado Cash Case as Judge Says OFAC Exceeded Authority |
A US appeals court said Treasury’s OFAC “overstepped” when it sanctioned Tornado Cash’s immutable smart contracts, leading to a nearly 900% surge in TORN. Read more |
ZA Bank Becomes First Asian Bank to Offer Retail Crypto Trading Services |
Through its mobile app, users can now trade leading cryptocurrencies in Hong Kong dollars (HKD) and U.S. dollars (USD). Read more |
Ripple Launches First Tokenized Money Market Fund on XRP Ledger Through UK Partnership |
Ripple invests $5 million into Abrdn fund as XRPL becomes a rising platform for RWA tokenization. Read more |
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BlackRock Strengthens Tokenization Push With BUIDL’s Multi-chain Expansion |
BUIDL’s growth on popular blockchains promises new ventures for DAOs and digital firms, despite varied fees. Read more |
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Football In The Digital Age: How Web3 Is Changing The Beautiful Game |
Football clubs around the world are beginning to tap into Web3, a technology dubbed the “next-gen internet” that’s all about giving control back to the fans. Read more |
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Hong Kong Cyberport Grows to 270 Web3 Enterprises |
Hong Kong’s Cyberport has expanded to over 270 Web3 enterprises, supported by a $50M budget allocation and government-backed blockchain initiatives. Read more |
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The Gaming Lesson From Off The Grid and Telegram? Put Blockchain in The Background |
Off The Grid’s seamless blockchain integration lets players focus on gameplay, while Telegram hides crypto complexity. Read more |
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HashKey Global Announces Web3 Partnership With Sonic, Becoming The Exchange’s First Gaming Partner With a Focus on Solana Ecosystem |
Licensed virtual asset exchange HashKey Global has announced a partnership with Sonic, a layer-2 network in the Solana ecosystem. Read more |
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Brazil’s Congress to Weigh Bitcoin Reserve as Hedge Against Global Risks |
New legislation aims to establish a sovereign federal Bitcoin Reserve, potentially enhancing asset diversification and economic resilience. Read more |
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MicroStrategy Expands Bitcoin Holdings With $5.4B Purchase |
MicroStrategy acquired 55,000 Bitcoin for $5.4 billion, boosting its holdings to 386,700 BTC amid bullish institutional sentiment. Read more |
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UK Government Confirms Digital Gilts Pilot. What’s The Roadmap? |
The UK’s HM Treasury has confirmed plans to run a pilot for the issuance of digital gilts, UK government bonds, following leaked news earlier this week. Read more |
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Deutsche Central Bank Joins Singapore’s Project Guardian to Advance Tokenization, Digital Funds |
The German central bank will participate in the pilot projects launched under Project Guardian to explore asset tokenization and cross border transactions. Read more |
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Greece Breaks Ground on New Data Center, Advancing Tech and AI Hub Ambitions |
The French firm Data4 and the Greek government broke ground on a new data center outside of Athens to help position Greece as a strategic hub for tech and AI. Read more |
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NFTs Record $158M Weekly Sales Volume, Led by Ethereum, Bitcoin |
November has already surpassed October’s total volume, continuing strong market momentum for NFTs. Read more |
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Web3 Watch: FIFA Officially Licenses Blockchain-based Mobile Game |
FIFA and Mythical Games are collaborating to launch FIFA Rivals, the companies announced on Friday. The app is an officially licensed, free-to-play soccer game for iOS and Android. Read more |
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Classes in The Metaverse? Meta Creates Digital ‘Metaversities’ in EU and UK Schools |
Students at universities in the EU and UK will soon be having courses in the metaverse. Read more |
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Web3 Connect: Future of Asset Standards: Tokenization Framework Held by Cyberport on 28 November 2024 |
The enlightening seminar “Web3 Connect: Future of Asset Standards: Tokenization Framework” has been successfully organised by Cyberport Hong Kong at Web3 Living Lab at Cyberport on 28 November 2024. Read more |
CSpro (Hong Kong) Limited Has Won The “Regulation Asia Awards for Excellence 2024” — Highly Commended Award of The “Best Institutional Digital Asset Custody” of The DIGITAL ASSETS AWARD Category |
CSpro (Hong Kong) Limited (CSpro.io) is very honored to be selected as winner of “Regulation Asia Awards for Excellence 2024” — Highly Commended Award of the “Best Institutional Digital Asset Custody” of the DIGITAL ASSETS AWARD category – focusing on technology solutions and firms that help to promote regulatory compliance and a secure marketplace for digital assets. Read more |
Green and Sustainable Finance Roundtable of Project Ensemble Roundtables Held by HKMA on 28 Oct 2024 During Hong Kong Fintech Week 2024 |
The HKMA (Hong Kong Monetary Authority (HKMA)) held the Project Ensemble Roundtables during Hong Kong Fintech Week 2024, gathering more than 100 global leaders from finance, technology, regulatory bodies, industry associations, and international organizations to discuss the landscape of tokenisation. Read more |
CSpro Booth, Co-exhibiting With Cyberport, at Hong Kong Fintech Week 2024 on 29 Oct 2024 |
A huge thank you to everyone who visited our CSpro.io booth and engaged with us at the Summit Hall, Asia World Expo. Your interest in fintech innovation and Security Token Offering (STO) based on Real World Asset (RWA) was truly inspiring! Read more |
iSHANG and 3Business Collaborate on Web3 Coupon Enterprise Solution Under Cyberport Web3 Proof-of-Concept Subsidy Scheme |
iSHANG Technology Limited (“iSHANG”), a leading technology company specializing in Web3 enterprise solutions, is delighted to announce its collaboration with 3Business, the corporate brand of Hutchison Telecommunications (Hong Kong) Limited, under the Cyberport Web3 Proof-of-Concept Subsidy Scheme to implement the Web3 Coupon Enterprise Solution (Web3-Coupon) leveraging 5G. Read more |
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