NFTs and Art
Hackers infiltrate Monkey Kingdom NFT community, steal US$1.3M
Hackers scam 7,000 Solana, or US$1.3 million, from would-be buyers of a new NFT collection of the Monkey Kingdom project.
Jeanhee Kim
Lens
Hong Kong
-
-
Investment Insights
Hong Kong-based Brinc closes $130M funding led by Animoca Brands to fuel Web 3.0 growth
Brinc, a Hong Kong-headquartered venture capital focused on Web 3.0, today announced that it has secured US$30 million in a Series B round and an additional US$100 million for startup investments. The funding was led by Animoca Brands — a Hong Kong-based blockchain gaming, metaverse and non-fungible token (NFT) company — to further fuel Brinc’s investment in […]
Timmy Shen
-
Regulation
US SPAC’s refusal to merge with Hong Kong crypto firms raises questions
Crypto 1 will consider acquisition targets worldwide but steer clear of digital assets companies in China and Hong Kong. Are the lights dimming on a major crypto hub?
Timmy Shen
-
Regulation
US SPAC Crypto 1 closes IPO, says won’t pursue ‘business combinations’ with any Hong Kong crypto firms
Crypto 1 Acquisition Corp., a U.S.-incorporated blank check company, has completed its initial public offering (IPO) with gross proceeds of US$230 million, according to a company statement released Friday. Fast facts The company’s units commenced trading on the Nasdaq Global Market under the ticker symbol “DAOOU” on Dec. 7. Acting as a special purpose acquisition […]
Timmy Shen
-
Conference Summaries
In Hong Kong, a look at how the blockchain revolution in gaming continues
Gamers and developers gather at the annual Digital Entertainment Leadership Forum to discuss how video games may evolve in the future.
Danny Park
-
NFTs and Gaming
Horses are joining humans as metaverse pilgrims
Blockchain gaming unicorn Animoca Brands announced yesterday a partnership with Aquis Farm — a major racehorse-breeding business owned by Hong Kong’s billionaire Fung family — to bring equestrian activities into the metaverse. The blockchain specialist will leverage Aquis Farm’s equestrian intellectual properties to develop blockchain games and non-fungible tokens (NFTs). Fast facts “Aquis recognises the […]
Ningwei Qin
-
DeFi News
Hong Kong VC firm Chiron Partners raises $50M to back Terra
Hong Kong-based venture capital (VC) firm Chiron Partners announced Wednesday the launch of a US$50 million fund to support the Terra blockchain ecosystem. Fast facts Chiron Partners will use the fund, namely the Chiron Terra Fund I (CTI), to invest in innovative projects built on the Terra ecosystem, such as decentralized finance (DeFi) applications and […]
Danny Park
-
Investment Insights
Hong Kong sees high engagement with crypto, Visa research shows
A new survey published Wednesday by Visa shows that 18% of Hong Kong residents are active cryptocurrency investors, while 13% are passive investors, representing the second-highest engagement with crypto just after the U.S. Fast facts The survey collected 6,430 online responses from Argentina, Australia, Brazil, Germany, Hong Kong, South Africa, the U.S., and the U.K. […]
Timmy Shen
-
Regulation
China’s PBOC wants to link e-CNY with Hong Kong’s Faster Payment System
Mu Changchun, director-general of the People’s Bank of China’s digital currency institute, said today the central bank is working with the Hong Kong Monetary Authority (HKMA) to test cross-border payment features for the e-CNY, China’s much anticipated central bank digital currency (CBDC). Fast facts Mu said at a webinar, jointly organized by the PBOC and […]
Timmy Shen
-
DeFi News
Huobi Brokerage launches crypto lending for institutions
Hong Kong Stock Exchange-listed Huobi Technology Holdings today announced that it will be launching Huobi Lending, a cryptocurrency lending service for institutions and high net worth individuals (HNWI) through its new digital asset brokerage platform Huobi Brokerage, according to a company announcement. Fast facts Alongside growing institutional interest in digital assets, crypto lending services leveraging […]
Michelle Lim
