Chain News Daily Official TheBitTimes.com

The crypto fund, named Titan Fund, has already made five investments in different blockchain startups with two going toward Hong Kong-based projects. Hong Kong-based crypto-focused venture capital firm CMCC Global has raised $100 million aimed at supporting Asian blockchain startups.  The crypto fund, called Titan Fund, closed its inaugural funding round on Oct. 4 having seen participation from 30 investors including blockchain company Block.one, Hong Kong tycoon Richard Li’s Pacific Century Group, Winklevoss Capital, Jebsen Capital and Animoca Brands founder Yat Siu, the South China Morning Post reported. Titan Fund will concentrate on investments in three key areas namely blockchain infrastructure, consumer applications like gaming and non-fungible tokens (NFTs), and financial services including exchanges, wallets, and platforms for lending and borrowing. The crypto fund from CMCC Global will be its fourth to offer equity investments to early-stage blockchain start-ups with Hong ...

APAC Countries Topping the Charts As earlier stated, the Google Trends data shows China leading the charge with the highest number of such searches, and a Google search index of 100 points. Singapore then follows, with an index of 67, then Hong Kong coming in as third with 62 points. Other top countries who had substantial interest in the term “NFT” and searched about it included the likes of the Philippines, Venezuela, Canada, Australia, Cyprus, the United States, and New Zealand were also curious about the term “NFT” and did search for it. advertisement Although, China ranking first in the  research might not be a total surprise as it is arguably the most populous nation in the Asia-Pacific. However, the ranking might also be linked with moving into NFTs as an alternative since the country’s latest major crypto crackdown. Why NFTs Continue Gaining Popularity According to a contributor at Bankless Times publicat...

Significantly, this move follows a broader strategic push by the city to become a central node in the burgeoning digital asset universe. Besides the immediate implications for retail traders, this decision has more profound ramifications for the city’s fintech landscape.  advertisement BREAKING: Hong Kong officially launches its first trading platform for Bitcoin and crypto. — Whale (@WhaleChart) August 28, 2023 Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read Best Crypto Trading Bots List 2023 Must Read Top Crypto Marketing Firms / Agencies 2023; Here’s Best Picks [Updated] Must Read ...

Ahead of the launch, Binance said it would offer zero maker fees for all FDUSD trading pairs. The recently introduced stablecoin , FDUSD, which was scheduled to be listed on Binance on July 26, 2023, at 08:00 (UTC), enabling trading for FDUSD/BUSD and FDUSD/USDT spot and margin trading pairs has now been postponed to restart at 2023-07-26 14:00 (UTC) due to FDUSD pairs’ liquidity providers experiencing technical issues . Binance released a statement that it will halt trading for First Digital USD (FDUSD) on 2023-07-26 09:45 (UTC) and cancel all pending FDUSD orders, to ensure its users' protection. First Digital Group announced the launch of the First Digital USD United States dollar-pegged stablecoin on June 1. First Digital Group, comprising First Digital Trust, a custodian and trust firm based in Hong Kong said the upcoming debut and listing of its stablecoin, First Digital USD (FDUSD), issued by FD121, would be on Binance. The announcement was made on July 26, 2023. Screens...

The crypto ETFs currently listed on the Hong Kong exchange include the CSOP Bitcoin Futures ETF, CSOP Ethereum Futures ETF, and Samsung Bitcoin Futures Active ETF. advertisement This also makes HSBC the first bank in Hong Kong to allow its customers to buy crypto-derivative products. Popular crypto journalist Colin Wu noted that the “move will expand local users’ exposure to cryptocurrencies in Hong Kong ”. SCOOP: HSBC, the largest bank in Hong Kong , today allows its customers to buy and sell Bitcoin and Ethereum ETFs listed on the Hong Kong exchange, and is also the first bank in Hong Kong to allow it. The move will expand local users’ exposure to cryptocurrencies in Hong Kong . pic.twitter.com/vH0LieSVGw — Wu Blockchain (@WuBlockchain) June 26, 2023 Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List ...

Hong Kong’s Securities and Futures Commission officially released a statement on Monday chalking out its plan to allow retail investors to trade cryptocurrencies like Bitcoin and Ethereum. According to the consultation paper released, retail investors will be allowed to trade top crypto currency assets on exchanges that are licensed by the agency. However, such virtual asset trading platforms will have to keep investor protection in mind. This means they have to tick boxes including exposure limits, risk profiles, etc. Asserting the importance of the same, Julia Leung, the SFC’s Chief Executive Officer said, “In light of the recent turmoil and the collapse of some leading crypto trading platforms around the world, there is clear consensus among regulators globally for regulation in the virtual asset space to ensure investors are adequately protected and key risks are effectively managed.” Hong Kong outlined a plan to let retail investors trade digita...