Cointime

Download App
iOS & Android

CEO of HKVAX: The Web3.0 industry in Singapore and Dubai is returning to Hong Kong

Web3.0 industry professionals who had previously relocated to Singapore and Dubai are returning to Hong Kong. The Hong Kong government has shown support for the development of Hong Kong as a global hub for virtual assets, helping the industry to solve problems. While the Web3.0 ecosystem in Hong Kong continues to grow, the government also supports the increase in demand for blockchain-related transactions, which even drives up hotel prices.

In addition, Wu Weiliang, co-founder and CEO of HKVAX, also stated that HKVAX is in contact with traditional banks to understand their interest in exploring new paths, such as using blockchain to further launch STOs. Currently, they are studying and exploring ways to collaborate and launch products.

Comments

All Comments

Recommended for you

  • BTC falls below $115,000

    the market shows BTC falling below $115,000, now trading at $114,983.6, a 24-hour decline of 0.46%. The market fluctuates greatly, please manage risk control.
  • A look at the key developments from the afternoon session on September 16th

    7:00-12:00 Keywords: rate cut, US dollar index, Gemini
  • US spot Ethereum ETF saw a net inflow of $361.05 million yesterday

     according to TraderT monitoring, the net inflow of US spot Ethereum ETF was $361.05 million yesterday.
  • US spot Bitcoin ETFs saw a net inflow of $258.92 million yesterday

    according to TraderT monitoring, the net inflow of the US spot Bitcoin ETF was 258.92 million US dollars yesterday.
  • Strive Launches $450 Million Public Offering to Further Increase Bitcoin Holdings

     Bitcoin treasury company Strive (Nasdaq code ASST) announced the launch of a $450 million public offering plan to increase its Bitcoin holdings and raise the proportion of Bitcoin per share. This issuance is part of the company's total $950 million capital initiative, which also includes a $500 million stock buyback plan to enhance balance sheet flexibility. Strive currently holds 69 Bitcoins, worth approximately $7.9 million, and can raise an additional $750 million in the next 12 months through warrants. The company stated that it will issue preferred shares through a registration structure to purchase additional Bitcoins, increasing shareholder exposure to Bitcoin and enhancing shareholder value.
  • Coinbase CEO clarifies: No clear plans for Base network tokens at this time

    in response to Base's announcement of exploring the launch of a network token, Coinbase CEO Brian Armstrong clarified on X platform that they are indeed exploring the Base network token. They hope that this token can become an excellent tool to accelerate the growth of creators and developers in decentralization and ecosystem expansion. However, it should be pointed out that at this stage, there is no specific plan for the related token, and disclosing the information is just for public update of the concept.
  • Base Network Considers Issuing Tokens

    jesse Pollak, the head of the Base protocol, stated on BaseCamp that Base is exploring the possibility of issuing network tokens.
  • Cointime July 27th News Express

    1. As of July 25, BlackRock IBIT held more than 338,000 bitcoins, an increase of more than 1,092 bitcoins from the previous day.
  • Hong Kong's financial industry may study launching stablecoin trading desks and institutional custody services

    Hong Kong Monetary Authority recently announced the list of participants in the stablecoin issuer sandbox, including JD Coin Chain, Circle Coin Innovation, Standard Chartered Bank, Anni Group, Hong Kong Telecom and other institutions. Research reports released by Zeng Shengjun, a researcher at the Greater Bay Area Financial Research Institute of the Shenzhen Branch of Bank of China, and Guan Zhenqiu, a researcher at the Hong Kong Financial Research Institute of Bank of China, analyzed that the Hong Kong dollar stablecoin can improve the efficiency and inclusiveness of the Hong Kong financial system. Its stability, free convertibility, high security, high open source and cross-border mobility can provide support for a wider range of financial innovations.
  • Hong Kong Legislative Council Member: The issuance and trading system of tokenized bond-related products can be shared with the mainland

    Hong Kong Legislative Council member Chan Chun-ying stated that the new productivity of Hong Kong's financial industry is currently mainly developed around digital and green themes. Regarding virtual assets, Hong Kong regulatory agencies should establish relevant trading platforms, stablecoin issuances, testing and operational mechanisms, capture digital development trends, and share relevant regulatory experience with the mainland. At the same time, Hong Kong's tokenized bond development is leading the world, and relevant product issuances, trading systems can be shared with the mainland or guide more mainland companies to issue, together meeting international market demand.