Elon Musk has ignited debate in financial and technological circles by endorsing the idea of putting US Treasury spending on a blockchain. The proposal, aimed at increasing transparency and eradicating alleged fraud, has sparked discussions about its feasibility, benefits, and risks. Yahoo Finance UK spoke with Symphony chief product officer Mike Lynch, to explore what…
Hong Kong’s legal system is, in many respects, playing catch up with developments around the world which have seen new technology embraced and deployed. Progress has been made in the use of remote hearings and the electronic filing of court documents, with voice-to-text recording of proceedings and broadcasting of cases trialled. In the fast-developing field…
Tencent Holdings-backed online lender WeBank is leveraging its new Hong Kong subsidiary to tap the city’s expanding Web3 market, according to a company executive, as the financial hub continues its pursuit to establish itself as a virtual asset hub. WeBank Technology Services, launched this month, plans to be “deeply involved” in developing the city’s Web3…
Tencent Holdings-backed online lender WeBank is leveraging its new Hong Kong subsidiary to tap the city’s expanding Web3 market, according to a company executive, as the financial hub continues its pursuit to establish itself as a virtual asset hub. WeBank Technology Services, launched this month, plans to be “deeply involved” in developing the city’s Web3…
Elon Musk, the Tesla billionaire who’s leading U.S. president Donald Trump’s Doge department of government efficiency, is no stranger to bitcoin, crypto and blockchain—with his X social media platform poised to blow up the bitcoin price. Unlock over $3,000 in NFT, web3 and crypto perks — Apply now! The bitcoin price has rocketed higher over…
A Hong Kong court order related to a fraud claim has been “successfully executed” after being sent to two cryptocurrency wallets using tokenisation technology, a novel approach that experts have said they believe will set a precedent for other jurisdictions and boost the city’s appeal as a tech hub. The injunction order, which prohibits disposal…
Olga Kharif sizes up some new competition for crypto-native companies in the next presidential administration. Crypto-native firms are expected to flourish as a result of a more favorable regulatory regime under President-elect Donald Trump. This lighter regulation, however, may end up being a dual-edged sword. Source link
On Friday the Hong Kong government published its Stablecoins Bill in the Gazette, with plans for its first reading on December 18. The legislation covers fiat-referenced stablecoins. “We have undertaken extensive consultations and given due consideration to the views of the industry when formulating the details of the regulatory regime,” said Eddie Yue, CEO of…
In a digital age when the line between truth and authenticity often blurs, the Click camera app brings a powerful tool to verify the reality behind images. For the first time, journalists working in Lebanon are capturing images from conflict zones that are digitally authenticated through a commercially available app. These images represent a breakthrough…
The Hong Kong Monetary Authority (HKMA) has this week fired the starting gun on a second phase of digital currency tests as its pilot programme evolves into a ‘more comprehensive exploration of the digital money ecosystem’. Eleven groups of firms from various sectors have been selected to explore innovative use cases for a potential e-Hong…