As part of its efforts to promote the adoption of DLT, the DSF will provide support through grants to its university network. The organization has also opened its first call for grant proposals, offering up to $5 million for eligible organizations or individuals. The DSF is supported by the open-source public ledger project Hedera, which … Continue reading DSF Launches to Promote DLT Adoption and Provide Grant Support
Regulated stablecoins have become a focal point for policymakers, with experts in digital regulation discussing their future use at the World of Web3 (WOW) Summit in Hong Kong. The panel, titled “Digital Assets: Policies & the Road Ahead,” examined the role that regulated stablecoins are likely to play in the future of finance. The group … Continue reading Regulated Stablecoins Likely to Remain in Use by 2030
In November 2022, FTX exchange and its subsidiaries collapsed, leading to the shutdown of its philanthropic arm, FTX Future Fund. The fund was sponsored by former CEO Sam Bankman-Fried and had pledged $1 billion in donations towards research academics across prestigious universities. The grants were focused on research projects for the safe development of artificial … Continue reading FTX Future Fund Shut Down Following Exchange's Collapse
Jelurida, a company that specializes in the provision of blockchain solutions, has formed a partnership with the augmented reality (AR) company Aumenta Solutions in order to create a whole new maintenance system for port facilities. Increasing the real-time traceability of maintenance activities is the goal of this technology, which blends blockchain certification with augmented reality … Continue reading Jelurida and Aumenta Solutions Develop Blockchain-based Maintenance System for Ports
The cryptocurrency community has criticized Gary Gensler, the current chair of the Securities and Exchange Commission (SEC) and a former professor at the Massachusetts Institute of Technology (MIT), after a video from 2018 surfaced in which he stated that cryptocurrencies are comparable to commodities or cash and are not securities. This has led to criticism … Continue reading Gensler Alleged Crypto Hypocrisy
Researchers from Indiana University and the University of Maine recently collaborated on a study that investigated the present condition of tax legislation in the United States regarding cryptocurrencies. The findings of the research are summarized in a series of recommendations that are directed for the Internal Revenue Service (IRS). If these suggestions were carried out, … Continue reading US Crypto Tax Law Study
In a recent Gallup poll conducted across the United States in April, 48% of respondents expressed concern about their money in the bank, with almost 20% indicating they were “very concerned.” The poll was conducted after the collapse of Silicon Valley Bank and Signature Bank but before the failure of First Republic Bank in late … Continue reading Public Worry Grows Over Bank Stability
According to a recent series of tweets by Polkadot, Uniswap, the most widely used decentralized exchange (DEX) based on daily traded volume, is set to make its debut in the Polkadot ecosystem via the Moonbeam Network parachain. This integration is anticipated to significantly enhance liquidity and trading volume across the ecosystem. Uniswap offers users a … Continue reading Uniswap to Join the Polkadot Ecosystem via Moonbeam Network, Bolstering Liquidity and Volume
Chief Executive Li Ka-chung expressed his delight at attending the “Convergence of Finance, Innovating the Future” seminar and the Hong Kong Economic Times Business Awards ceremony hosted by the Hong Kong Economic Times. Addressing esteemed guests and friends, Li Ka-chung emphasized Hong Kong’s potential in leveraging its strengths as an international financial center and driving the development … Continue reading Hong Kong Embraces Web3.0 and Advances as an International Crypto Hub, said Chief Executive
According to TKWW, key figures including HKUST Vice-President suggest that the Hong Kong government should issue its own stablecoin, referred to as HKDG, as a strategic move to bolster the city’s digital economy. Hong Kong SAR government’s ongoing promotion and acceptance of digital assets positions it ahead of countries or regions such as the U.S … Continue reading HKUST Vice-President Urges Hong Kong to Issue Stablecoin HKDG