BLOCKCHAIN
Blockchains incorporate several important features such as immutability, encryption and distributed storage, which combined makes secure peer-to-peer transactions possible and in turn has created the means to end human dependence on credit and thus credit intermediaries. Due to these features, blockchain has been referred to as ‘the Trust Machine’ and is forecasted to transfer the trust from agencies and institutions which are enforced by law to machine-based networks guaranteed by technology and mathematics.
Enterprise Grade Back-Office Platform Cryptio Raises $10m in Series A Funding
Enterprise-grade back-office platform Cryptio has raised $10 million in a Series A funding round.
Britain Eyes Becoming a Crypto Hub, Upgrading the Market by Adopting DLT
In pursuit of becoming a global crypto hub, Britain seeks to revamp the traditional financial market using distributed ledger technology (DLT), according to the finance ministry.
Indonesian Crypto Exchange Pintu Raises $113m with Backing from Investors
Indonesia's Pintu was backed by several investors who helped the cryptocurrency exchange raise $113 million in a Series B funding round, The Block reported.
Vietnam Blockchain Association Signs Strategic Partnership with Binance To Drive Blockchain Innovation
The Vietnam Blockchain Association and Binance will collaborate on developing innovation for the local blockchain ecosystem.
Animoca Brands Releases Key Unaudited Financial Report, Portfolio investments Worth Over $1.5Bn
Hong Kong-based Animoca Brands has released an unaudited financial report. $573 million was recorded for its bookings and other income for the first four months of 2022.
Hong Kong Startup BEAM+ LAB's Exhibition to Celebrate Launch of CRYPTYQUES NFT
Hong Kong startup BEAM+ LAB is hosting an interactive exhibition at the Haus of Contemporary from 8 to 26 June to celebrate the launch of CRYPTYQUES; NFT collectables based on classic Hong Kong movies.
Coinbase is Safest Crypto Exchange Overall: BrokerChooser
On a scale of 5, Coinbase received 4.1 for the overall safety score. The exchange was also ranked as a tier 1 for other sub-categories.
Local Hong Kong Firms Raise Funds for NGOs Through NFTs
Three local Hong Kong companies are raising funds for NGOs through NFTs to support green initiatives and sustainability.
Zetrix Announces Launch of NFT-based Insurance Product Covinsure
Public blockchain network Zetrix announced the launch of Covinsure, an NFT-based insurance product.
Binance Raises $500m Crypto Fund to Enhance Blockchain & Web3 Adoption
Binance has raised $500 million funds to invest in projects that propel crypto use cases and aid the adoption of blockchain and Web3 technologies.