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Hong Kong crypto frenzy, DeFi token surges 550%, NBA China NFTs — Asia Express

Our weekly roundup of news from East Asia curates the industry’s most important developments. Hong Kong moves bullish On Feb. 20, the Securities and Futures Commission (SFC) of Hong Kong launched a consultation on its proposed regulatory requirements for digital asset trading platforms. The SFC requires the licensing of all cryptocurrency exchanges operating in Hong […]

Snow Crash manuscript that coined the term ‘Metaverse’ to be auctioned by Sotheby's

The manuscript is part of a larger series of physical and digital items related to the famous book.

MEXC Global publishes proof of reserves after month long testing

The report showed high reserve ratios for USDT, USDC, BTC, and ETH.

Blockchain DEXs Onchain and Camelot part ways over IFO spat

"We urge @CamelotDEX delete any information related to @OnchainTrade from all of your platforms as soon as possible," wrote OnChain developers.

How to teach cryptocurrency to your children

While teaching cryptocurrency to your children, make it relatable, use examples, start simple, emphasize security, and encourage curiosity.

Coinbase launches its own Ethereum Layer 2 network for building decentralized apps

The network, known as Base, is designed to be a low-cost, secure, and developer-friendly environment that Coinbase said will serve as a bridge to bring users into the crypto economy.

Israeli startup to create blockchain chips with $70M of fresh funds

The Israeli start up Chain Reaction raised $70 million in its pursuit to develop blockchain chips.

USDC issuer Circle to increase staff by up to 25% amid layoff season

The plan to expand its workforce comes just months after it mutually called off its plans to go public via a SPAC merger.

German DZ Bank adds digital currencies into asset management services

German asset manager DZ Bank collaborated with Swiss technology firm Metaco to add digital asset management into its services.

'It would be absurd' for a US court to rule private NFTs as securities: Lawyer

The comments from the hosts of lawyers comes as Judge Victor Marreo said that Dapper Labs’ NBA Top Shot Moments NFT may constitute a security.

Frax Finance to retire algorithmic backing amid stablecoin crackdown

The vote was passed to fully collateralize Frax Finance's native stablecoin, thus phasing out its algorithmic backing.

Google Cloud partners with Tezos blockchain to develop Web3 tech

The partnership will see Google Cloud becoming a validator on the Tezos network.

Breaking: Polygon blockchain reportedly suffers network outage

The blockchain has not produced any new blocks or processed transactions for at least an hour and 40 minutes, leading some to believe its currently suffering an outage.

BIS head describes ideal ‘unified ledger’ for central banks and other financial users

peaking in Singapore, Agustín Carstens described a ledger that would accommodate a variety of public and private projects in discrete but connectable parts.

Web3 Domain Alliance expands with 51 new members

The Alliance said it aims to focus on consumer protection, preventing naming collisions, fair and open use of intellectual property in the industry, and interoperability of blockchain naming systems, among other topics.

Enterprise blockchain is transforming business operations and reducing costs: Web3 exec

According to Daniela Barbosa, the Executive Director at the Hyperledger Foundation, some challenges involved in adopting enterprise blockchain include a lack of complete comprehension of the technology's advantages.

Tencent Cloud signs multiple collaboration agreements with blockchain firms

The Chinese internet giant is launching new Web 3.0 solutions including a Metaverse-in-a-Box product and blockchain API services.

TON blockchain freezes $2.6B worth of inactive tokens

Miners' wallets were suspended for four years if they have been inactive with no outgoing transactions.

IoT project turns smartphones into blockchain nodes to broaden connectivity

A new project aims to use the Internet of Things to let smartphone users establish nodes, providing connectivity to IoT smart devices.

Breakdancing medic’s NFT auctioned at Sotheby’s — Grant Yun, NFT creator

Artist name: Grant Riven Yun Location: Milwaukee Date minted first NFT: Feb. 3, 2021Which blockchains? Ethereum, Counterparty (Bitcoin) Who is he? Grant Yun has always been an artist at heart with an early aspiration to have his work featured at a major auction house. A curious and motivated individual, Yun is studying medicine while juggling his work […]

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