Hong Kong Cyberport Web3 network grows to 270 blockchain firms

Engaging in the traditional financial markets has become less appealing to consumers and institutional investors as of late. New opportunities are plentiful, with decentralized finance getting a lot of attention. However, that new movement is not without its risks and flaws, either.For decades, consumers and institutional investors have explored the many different options presented to…

The Bitcoin (BTC) network has faced a litmus test in recent weeks due to the increased demands of Ordinals and BRC-20 tokens being inscribed onto the preeminent blockchain. The resulting increase in fees and transaction congestion has left the wider Bitcoin community frustrated, considering that some BRC-20 tokens involve meme tokens that have attracted billions of…

COVID-19 — more commonly known as the coronavirus — has unleashed massive shock waves among the worldwide health, science, government and business communities as societies are trying to contain the virus. At the moment, the scale and velocity at which the coronavirus is spreading are proving difficult to manage because the regional clustering of the…

Throughout the past few days, the sell-side pressure from all sides has intensified. Bitcoin miners have sold their holdings at a scale unseen for over three years. On top of this, the inflow of whale-associated BTC into exchanges has substantially spiked. The combination of the two data points indicates that miners and whales have been…

Despite pullback, trading volumes on decentralized exchanges are still significantly higher than Q2. 378 Total views 6 Total shares The trading volume on decentralized exchanges, or DEXs, reached $42.6 billion during Q3 2020, marking an increase of 1,132% on the previous quarter, according to a recent industry report from TokenInsight.However, October saw figures pull back…

The pact between the two nations' financial technology associations will see cooperation on technology, including blockchain, to power their respective financial industries. 150 Total views 16 Total shares The financial technology associations for Thailand and Hungary have signed a bilateral Memorandum of Understanding (MOU) to support the introduction of blockchain technology to their respective financial…

Bitcoin’s (BTC) consistent failure to break the $9,400 level over the past three weeks has led to some analysts becoming skeptical about the chance of a positive breakout. Although the $9,000 support has been holding strong for the past 50 days, any slightly negative indicator tends to get more attention from media and pundits. Recently, crypto media…

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American video game, consumer electronics, and gaming merchandise retailer GameStop has launched its NFT marketplace enabling gamers, creators, collectors, and others to buy, sell and trade NFTs. 35 Total views 1 Total shares Gaming giant GameStop (GME) launched its own non-fungible token (NFT) marketplace on July 11. The new NFT marketplace intends to deliver low…