By Frank, PANews Solana Saga, the Web3 mobile phone once highly anticipated by the industry, saw its technical support terminated just two years after its release. It went from being largely ignored to a buying frenzy sparked by its airdrop, and then to its abrupt closure, rendering the devices of 20,000 early adopters practically “electronic…
A subsidiary of Fosun International this week marked a new milestone in bringing traditional financial instruments onto a blockchain infrastructure, which it touted as Asia’s first “comprehensive” technical solution for stock performance-linked tokens. Fosun Wealth Holdings-backed start-up Finloop Finance Technology Holding collaborated with FinChain, a Web3 brand under Fosun Wealth, in creating the new solution…
Hong Kong’s legal sector is taking an unprecedented leap into the world of Web3 and digital assets to revolutionise the city’s film and television industry in a bid to better track investments, with some massive losses incurred as a result of a lack of transparency. The bold new strategy, unveiled at a seminar on Thursday,…
A growing number of Hong Kong-listed firms are snapping up cryptocurrency on the back of rising bitcoin prices and the popularity of digital asset treasury (DAT) companies in the US. Investment bank China Renaissance, which helped fund many leading Chinese tech firms, and Yunfeng Financial Group, backed by Alibaba Group Holding founder Jack Ma, are…
Hong Kong’s legal sector is taking an unprecedented leap into the world of Web3 and digital assets to revolutionise the city’s film and television industry in a bid to better track investments, with some massive losses incurred as a result of a lack of transparency. The bold new strategy, unveiled at a seminar on Thursday,…
Yunfeng Financial Group, backed by Alibaba Group Holding founder Jack Ma, said it was investing in the cryptocurrency ether as part of its reserve assets, as the company expands into Web3 amid Hong Kong’s digital asset initiative. To date, Hong Kong-listed Yunfeng has invested US$44 million to acquire 10,000 ether for its “strategic reserve”, according…
Alpha Edge Media, a subsidiary of Aether Holdings (NASDAQ: ATHR), will host the Alpha Edge Summit Hong Kong 2025 on August 27, 2025, during Bitcoin Asia Week. The exclusive, invitation-only event will be held at Cloud 39, The Henderson building in Hong Kong. The Summit, themed “Where…
Hong Kong could benefit from Singapore’s recent move to oust unlicensed cryptocurrency companies, according to analysts, potentially leading to a significant injection of liquidity. On May 30, the Monetary Authority of Singapore instructed cryptocurrency firms incorporated in the city and offering services abroad to acquire a licence or leave the country. Singapore’s central bank subsequently…