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Account abstraction, also known as “smart accounts” could eventually onboard a billion users from the Asia region to Web3, according to an executive at Ethereum software solutions provider ConsenSys.Speaking to Cryptox, the director of strategic initiatives at ConsenSys, Laura Shi, noted that the Ethereum and Web3 ecosystem has seen a
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PLUS: Japan is a regulatory success story when it comes to digital assets and Web3. But walking around the recent IVS Crypto Conference in Kyoto, one can’t help but feel that something is amiss. Original Source
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ALSO: Singapore ranked second in CryptoX's Crypto Hubs survey. The city state raised billions through IPOs, weathered the collapse of homegrown darlings Terraform Labs and Three Arrows Capital and is now searching for the right regulatory balance to encourage crypto without getting burned again. Source
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ALSO: Venture capitalists and others have abandoned blockchain for the seemingly greener pastures of AI, but they may be falling for the hype of a technology that has yet to prove itself substantially. Source
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The news of the partnership between Alibaba Cloud and the NEAR Foundation, hit the market shortly after Alibaba announced a new chairman. The non-profit NEAR Foundation is joining Alibaba Cloud to accelerate Web3 growth. On Monday, the organization revealed its new relationship with the Chinese tech giant’s arm for computing and
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The NEAR Foundation, the non-profit behind the ecosystem development of the NEAR protocol, is joining with Alibaba Cloud, the Chinese tech giant’s arm for computing and storage to accelerate Web 3 growth in Asia and the Middle East, the organization said Monday. Source
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ALSO: Ripple Asia's policy lead praises Japan’s crypto laws that favor consumer protection. Rahul Advani said that the country has created "a very clear taxonomy for digital assets." Original Source
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ALSO: CryptoX Senior Research Analyst George Kaloudis offers a straightforward explanation of why BlackRock and other financial services giants want to offer a spot bitcoin ETF. Source
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Xapo's CEO said the move "is in line with the positive shifts we are witnessing in Asia’s evolving crypto landscape." Original Source
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The largest crypto by market value ticked upward to $26.8K as Asia markets opened. ALSO: A Financial Times report Monday raised fresh questions about the appropriateness of crypto exchanges operating market makers. Source
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