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Now is the "right time" for Hong Kong to push forward with Web3 despite the crypto market fluctuations, according to the Financial Secretary of Hong Kong, Paul Chan.In an April 9 blog post, Chan explained that one of the three major directions he has proposed in the city's budget was
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Paul Chan Mo-po, the Hong Kong finance secretary, thinks this is the right time for the city to invest in web3 technology. Web3 is maturing According to reports on April 9, Mo-po is confident that despite the recent volatility witnessed in the cryptocurrency markets, marked by the collapse of major centralized exchanges and platforms,
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Tether (USDT) continues to benefit from the ongoing turmoil in the U.S. dollar-backed stablecoin industry with its market capitalization growing significantly in Q1 2023 at other stablecoins' expense.Tether market cap reaches $80 billionOn April 6, the circulating market cap of USDT surpassed $80 billion for the first time since May
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Bosworth heads the Meta Platforms unit that handles the company’s metaverse initiative and according to the veteran, the AI product being developed will help reshape this yet-to-be-launched technology in remarkable ways. Andrew Bosworth, the Chief Technology Officer of Meta Platforms Inc (NASDAQ: META) has revealed in a recent interview that the
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Bitcoin (BTC) stayed tightly rangebound at the April 3 Wall Street open as analysts counted down to volatility.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView"Watch for rugs" on BTCData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it lingered around $28,000 on Bitstamp.The weekend had finished on an erratic note as
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Bitcoin rose above $29,000 on Thursday, as price moved to its strongest point since last June. The surge came despite some consolidation in cryptocurrency markets, ahead of the upcoming U.S. GDP report. Ethereum was also higher, as it continued to trade above $1,800. Bitcoin Bitcoin (BTC) moved to its highest point in
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Before extradition, Terraform Labs founder Do Kwon will first have to stand trial in Montenegro for traveling on a fake passport, according to his lawyer in the country. The fugitive crypto entrepreneur may also have to serve time in prison before he is extradited from the Balkan nation, its justice
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Decentralized autonomous organization (DAO) treasuries are rapidly growing, having just surpassed a major milestone, according to DeepDAO.According to figures from the DAO data platform, on March 31, total assets for all decentralized autonomous organizations reached a record $25.1 billion.The treasury is the total sum of assets the DAO may use
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Do Kwon, currently in custody in Montenegro and potentially awaiting extradition to the United States or South Korea, will reportedly face harsh conditions in the country’s penal system.According to a March 29 Protos report, an unnamed criminal defense lawyer said conditions at Montenegro’s jails and prisons “haven’t changed” from those
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On March 28, Ethereum core developers confirmed the Shapella upgrade would take effect at 10:27 pm UTC on April 12. According to the announcement, Ethereum Improvement Proposal (EIP) 4895 will allow withdrawals after moving the staked Ether (ETH) from the Beacon Chain to the Ethereum Virtual Machine (EVM) — the execution
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