Hong Kong anticipates the continued growth of its fintech ecosystem, with blockchain, digital assets, distributed ledger technology (DLT) and artificial intelligence playing a central role in shaping its future. Hong Kong is home to over 1,100 fintech companies. This includes 175 blockchain application or software firms and 111 digital asset and cryptocurrency companies, which marked…
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Cryptocurrency exchange Gemini set a new Guinness world record by deploying 1,000 drones to form the Bitcoin logo in the sky, marking the largest-ever aerial display of a currency symbol. The event, held on March 13 in Austin, Texas, celebrated the US Strategic Bitcoin Reserve initiative. Source: Gemini Gemini’s drone show featured depictions of a…
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Over $1.67 billion exited US spot Bitcoin and Ether exchange-traded funds (ETFs) in March, but investors stopped the bleeding by bringing in $13.3 million on March 12 as the BTC market price inched closer to $85,000. As of March 12, spot Bitcoin ETFs had attracted $35.4 million worth of inflows spread across two days, according…
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European consumers have shown minimal interest in adopting a central bank digital currency (CBDC), raising concerns for the European Central Bank (ECB) as it prepares for a potential rollout of the digital euro. An ECB working paper on “Consumer attitudes towards a central bank digital currency,” which surveyed about 19,000 respondents across 11 euro-area countries,…
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US Representative Tom Emmer argued for prioritizing pro-stablecoin legislation in a March 11 House Financial Services Committee hearing, while calling central bank digital currencies (CBDC) a threat to American values. On March 6, Emmer reintroduced the CBDC Anti-Surveillance State Act in the House of Representatives. Emmer renewed his call for Congress to pass the legislation…
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The X account of Meteora co-founder Ben Chow was reported to have been hacked after it posted a tweet reigniting the controversy around the launch of the Libra (LIBRA), Melania Meme (MELANIA) and Official Trump (TRUMP) memecoin tokens that ultimately led to his resignation. On March 11, Chow’s X account posted an “official statement” about…
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India’s contribution to the global Web3 ecosystem — primarily in software development, gaming, investments and startup funding — increased year-on-year despite an absence of locally tailored crypto regulations. India’s share of global Web3 developers grew from 5% to 12% in the last 10 years, second only to the United States as of 2024, according to…
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President Donald Trump’s executive order establishing a US Strategic Bitcoin Reserve and a National Digital Asset Stockpile is expected to be a catalyst for wider Bitcoin adoption, according to investment analysts and crypto industry leaders. On March 6, Trump acknowledged the need to “harness” the power of digital assets while signing the executive order for…
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The district administration for a town in India has digitized all land records dating back to the 1950s and stored them on the Avalanche blockchain in a move toward transparent, tamper-proof land governance. On March 6, the Dantewada District Administration of Chhattisgarh, India, announced that it had digitized over 700,000 land records via the Office…
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A US state securities regulator is set to propose a strategy to protect Americans from a surge in digital asset fraud driven by increasingly sophisticated artificial intelligence tools. Claire McHenry, Nebraska Department of Banking and Finance (NDBF) deputy director and president of the North American Securities Administrators Association (NASAA), is set to present her testimony…
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