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  • Web3 Gaming Summit in Hong Kong by ABGA, ICC and aelf to Unveil the New Era of Web3 Gaming | by BitMedia Buzz | Apr, 2024

    Web3 Gaming Summit in Hong Kong by ABGA, ICC and aelf to Unveil the New Era of Web3 Gaming | by BitMedia Buzz | Apr, 2024

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    BitMedia Buzz

    Our PR partner, yourPRstrategist is a proud media partner of Web3 Gaming Summit HK, the official GameFi side event of the Hong Kong Web3 Festival.

    HONG KONG, April 5, 2024 — The Web3 Gaming Summit in Hong Kong will take center stage in 3 days! Hosted by ABGA, co-hosted by ICC and aelf and supported by Web3Labs as a Hong Kong Web3 Festival 2024 Official GameFi side event on April 8, 2024 at 2pm in Hall 3FG of the Hong Kong Convention and Exhibition Center.

    Hong Kong Web3 Festival 2024 is co-hosted by Wanxiang Blockchain Labs and HashKey Group, and organized by W3ME. It will bring together the world’s brightest minds, top Web3 projects and leading venture capitals presenting content-rich discussions and topics about Web3. Representatives from Hong Kong regulatory bodies will also join and share their insights into the latest digital asset regulations and policies. It can be said that this is the most anticipated large-scale Web3 event in Hong Kong this year.

    The development of Web3 gaming, as one of the most attention-grabbing topics in the entire industry, often attracts a lot of attention from both inside and outside the industry. Web3 Gaming Summit in Hong Kong has invited seasoned experts representing leading institutions within the Web3 industry to bring five keynote speeches and three panel discussions to the venue. The topics cover various aspects of Web3 gaming, from game technology to business models, and industry trends.

    The event is bringing the most cutting-edge insights into Web3 gaming development to the scene, leading all the attendees, including Web3 gaming industry investors, developers, and enthusiasts, to explore the infinite possibilities of Web3 gaming development and jointly plan the industry’s exciting blueprint. This is bound to be an unmissable journey of exploration into the future of Web3.

    Event Details:

    Event Name: Web3 Gaming Summit in Hong Kong

    Time: April 8, 2024, 2pm-6pm（UTC+8）

    Location: Hall 3FG, Hong Kong Convention and Exhibition Center

    Event Agenda:

    14:00–14:05 (UTC+8) Warm-up Speech

    14:05–14:20 (UTC+8) Keynote Speech 1: Asia’s Advantages in Global Web3 Gaming Ecosystem-ABGA

    14:20–14:35 (UTC+8) Keynote Speech 2: Esports Development in Web3 Gaming-Aura

    14:35–14:50 (UTC+8) Keynote Speech 3: Elevating Web3 Gaming with aelf — aelf

    14:50–15:20 (UTC+8) Panel Discussion 1: Does the Future of Web3 Gaming Require Supportive Ecosystems? — aelf, GaFin, Wizarre Stormfights, Project Schrodinger

    15:20–15:55 (UTC+8) Keynote Speech 4: Empowering the Future of Web3 Gaming: The Inaugural Journey of ICC Camp — ICC Camp

    15:55–16:40 (UTC+8) Panel Discussion 2: The Renaissance in Web3 Gaming — Sonic, Mirror World, Cellula, Cryptomeria Labs, Matr1x, TRALA LAB

    16:40–17:25 (UTC+8) Panel Discussion 3: The Future of Web3 Gaming from the Perspective of Public Chains — DeThings, Solana, BNBChain, starkware, Klaytn

    17:25–17:40 (UTC+8) Keynote Speech 5: Navigating GameFi with Deepcoin Labs: Opportunities of the Future — Deepcoin Labs

    Anticipation mounts as the ICC Ceremony gears up for a magnificent on-site spectacle. The ceremony promises to unveil the dazzling array of 31 Web3 start-up gaming projects from ICC Camp S1, showcasing the limitless vitality and ingenuity of these start-up teams. Moreover, representatives from five start-up projects will take the stage, offering insights and reflections garnered during their stint at ICC Camp. Notably, Kevin Shao, the initiator of ICC Camp, Executive President of ABGA, and Co-founder of Bitrise Capital, will grace the occasion to introduce ICC Camp to attendees and officially declare the commencement of ICC Camp S2.

    Application Link to ICC Camp S2: https://forms.gle/pY9Wbc8AgKtDBEdR6

    Web3 Gaming Summit in Hong Kong will provide visitors with the most cutting-edge and advanced Web3 gaming gala. Investors, developers and enthusiasts in the Web3 gaming industry will all find plenty of inspiration and opportunities at the event. All are invited to join the Summit and explore the infinite future of Web3 gaming together to compose a brilliant star map of the Web3 gaming industry and usher in a new era of Web3 gaming development.

    WGS HK Registration Link: https://lu.ma/hkweb3festival2024_ABGA

    About ABGA

    The Asia Blockchain Gaming Alliance (ABGA) is a non-profit blockchain gaming alliance initiated by leading institutions in the gaming industry to gather industry information, screen outstanding teams and companies, broaden investment horizons and promote the development of the blockchain gaming industry. Help Asian power quality projects and teams based in Asia, go to the world!

    About ICC

    ​​​IMAGINE CREATION COMBINATOR (ICC) provides high quality industry conference, event planning and organization services to practitioners in the WEB3 gaming space. Our events bring together key industry leaders and innovators, providing an important platform to discuss industry trends, connect resources and showcase innovations.

    About aelf

    aelf, a high-performance Layer 1 featuring multi-sidechain technology for unlimited scalability. aelf blockchain is designed to power the development of Web3 and support its continuous advancement into the future. Founded in 2017 with its global hub based in Singapore, aelf is one of the pioneers of the mainchain-sidechain architecture concept.

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  • Will This “Dry Powder” and Historical Trends Fuel A Price Boom?

    Will This “Dry Powder” and Historical Trends Fuel A Price Boom?

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    While Bitcoin has dipped from its recent highs of around $74,000, some analysts are urging investors to stay calm and even see this as a buying opportunity. So far, Bitcoin prices have remained under pressure, trickling lower in the past trading week.

    Are There Similarities With The Bitcoin Bull Run Of 2020?

    Though the downward momentum is slowing down, and there has been no confirmation of the April 2 dump, the failure of bulls to convincingly flow back and drive the coin above $71,000 remains a concern for some traders. 

    Bitcoin price trending sideways on the daily chart | Source: BTCUSDT on Binance, TradingView
    Bitcoin price trending sideways on the daily chart | Source: BTCUSDT on Binance, TradingView

    Even so, taking a bullish stand, one analyst on X compares the current formation with that of 2020. Pointing to the cyclic nature of prices and the inevitability of retracements from bottoms and peaks, the trader expects prices to bounce.

    The trader said that in 2020, when Bitcoin prices fell, shaking out weak hands, the recovery sparked a bull run that forcefully saw the coin surge above previous all-time highs of $20,000. The analyst seems to allude to the retracement before the breakout as a catapult that eventually fed the “legendary” bull run, which saw Bitcoin float to as high as $70,000.

    BTC historical performance | Source: Analyst on X
    BTC historical performance | Source: Analyst on X

    Based on this comparison, the trader is adamant that it may, reading from history, be the best time to “sell” at around spot levels. Still, for now, buyers can consider doubling down until there is a clear trend definition and shake-off of the current bear formation. Currently, BTC has strong rejections in the $71,700 to $72,000 liquidation zone, marking last week’s highs.

    Watch Out For The “Dry Powder”

    Besides technical candlestick formation, another trader thinks buyers better HODL even with sellers in control.

    In a post on X, the analyst said Tether Holdings, the issuer of USDT, and Circle, the issuer of USDC, recently minted billions. On April 2, Tether issued 1 billion USDT on Tron, while Circle issued 250 million USDC on Solana. 

    This development, the analyst said, means there is “plenty of dry powder.” Stablecoins like USDT and USDC offer stability in the crypto markets, providing a refuge for crypto holders whenever prices tumble. 

    Tether minting USDT on Tron | Source: Analyst on X
    Tether minting USDT on Tron | Source: Analyst on X

    However, they can also act as conduits of liquidity from the traditional market, providing an avenue for interested users to get exposure to top coins or even engage in activities such as decentralized finance (DeFi). 

    In the past, prices often edged higher when there were huge stablecoin mints.

    Feature image from Canva, chart from TradingView

    Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.



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  • Coinbase Receives Official Registration as Canadian Restricted Dealer

    Coinbase Receives Official Registration as Canadian Restricted Dealer

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    Coinbase, the international cryptocurrency exchange, has
    achieved a milestone in its expansion efforts by becoming officially registered
    as a restricted dealer by the Canadian Securities Administrators. With
    this development, Coinbase has become the first international cryptocurrency
    exchange to be registered in Canada.

    The registration process, which has been in progress since
    March 2023, underscores Coinbase’s focus on regulatory compliance. Through
    close collaboration with Canadian regulators, Coinbase has worked to establish
    a policy framework.

    Brian Armstrong, CEO, Coinbase, Source: LinkedIn

    Coinbase’s CEO, Brian Armstrong, expressed appreciation for
    the efforts of Canadian regulators in bringing clarity to the cryptocurrency
    market. Additionally, Coinbase has engaged with Canadian banks, investment
    advisors, and pension funds to facilitate their successful navigation of the
    evolving digital asset landscape.

    A recent survey conducted by Coinbase in partnership with
    Angus Reid revealed that a significant majority of Canadians (72%) view the
    regulation of cryptocurrency exchanges as important. Furthermore, nearly a
    third of Canadians (29%) indicated that they would be more inclined to buy
    cryptocurrency if there were more regulations in place.

    Coinbase Continues Global Expansion with Canada Registration

    Canada is recognized as a significant market for Coinbase,
    known for its tech ecosystem and notable levels of cryptocurrency
    awareness among its population. The registration as a Restricted Dealer
    represents one of several steps taken by Coinbase to expand its presence in
    Canada, including the official launch in August 2023 and the establishment of a
    Canadian tech hub .

    The registration in Canada adds to Coinbase’s growing list
    of registrations in key countries, including France, Spain, Singapore, Italy,
    Ireland, and the Netherlands.

    Meanwhile, a federal judge in Manhattan has allowed the US
    Securities and Exchange Commission to proceed with a lawsuit against Coinbase,
    despite dismissing one claim. The decision sets the stage for a potentially
    lengthy legal battle, marking a notable development in the ongoing regulatory
    scrutiny of digital assets firms.

    Coinbase, the international cryptocurrency exchange, has
    achieved a milestone in its expansion efforts by becoming officially registered
    as a restricted dealer by the Canadian Securities Administrators. With
    this development, Coinbase has become the first international cryptocurrency
    exchange to be registered in Canada.

    The registration process, which has been in progress since
    March 2023, underscores Coinbase’s focus on regulatory compliance. Through
    close collaboration with Canadian regulators, Coinbase has worked to establish
    a policy framework.

    Brian Armstrong, CEO, Coinbase, Source: LinkedIn

    Coinbase’s CEO, Brian Armstrong, expressed appreciation for
    the efforts of Canadian regulators in bringing clarity to the cryptocurrency
    market. Additionally, Coinbase has engaged with Canadian banks, investment
    advisors, and pension funds to facilitate their successful navigation of the
    evolving digital asset landscape.

    A recent survey conducted by Coinbase in partnership with
    Angus Reid revealed that a significant majority of Canadians (72%) view the
    regulation of cryptocurrency exchanges as important. Furthermore, nearly a
    third of Canadians (29%) indicated that they would be more inclined to buy
    cryptocurrency if there were more regulations in place.

    Coinbase Continues Global Expansion with Canada Registration

    Canada is recognized as a significant market for Coinbase,
    known for its tech ecosystem and notable levels of cryptocurrency
    awareness among its population. The registration as a Restricted Dealer
    represents one of several steps taken by Coinbase to expand its presence in
    Canada, including the official launch in August 2023 and the establishment of a
    Canadian tech hub .

    The registration in Canada adds to Coinbase’s growing list
    of registrations in key countries, including France, Spain, Singapore, Italy,
    Ireland, and the Netherlands.

    Meanwhile, a federal judge in Manhattan has allowed the US
    Securities and Exchange Commission to proceed with a lawsuit against Coinbase,
    despite dismissing one claim. The decision sets the stage for a potentially
    lengthy legal battle, marking a notable development in the ongoing regulatory
    scrutiny of digital assets firms.



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  • Ripple Plans to Launch USD-Pegged Stablecoin, Expanding Token to XRP and Ethereum Ecosystems

    Ripple Plans to Launch USD-Pegged Stablecoin, Expanding Token to XRP and Ethereum Ecosystems

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    Ripple Plans to Launch USD-Pegged Stablecoin, Expanding Token to XRP and Ethereum EcosystemsBlockchain solutions company Ripple has unveiled its strategy to launch a stablecoin pegged to the U.S. dollar, aiming to boost liquidity on the XRP Ledger. Ripple Set to Introduce U.S. Dollar-Linked Stablecoin, Aiming for Wider Crypto Adoption In a statement released on Thursday, Ripple revealed its intention to introduce a stablecoin token linked to the […]

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  • 87% Are Unaware of Unrecoverable Assets

    87% Are Unaware of Unrecoverable Assets

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    A study has unveiled that a notable proportion of crypto
    millionaires globally are not only risking their personal information but also
    lacking a fundamental understanding of crucial procedures regarding asset
    transfer and Know Your Client (KYC) regulations. The study was conducted by
    Owner.One, a company specializing in asset management and inheritance planning.

    Analyzing data from 8,000 families across 18 countries
    spanning Africa, the Middle East, Asia, the EU, the UK, and North America,
    Owner.One uncovered alarming trends contributing to the accumulation of
    hundreds of millions of dollars in unclaimed cryptocurrency assets globally.

    Shockingly, in 91% of cases involving the transition from
    fiat currency to cryptocurrency and back, there is a disruption of ownership
    continuity, leading to complications in asset management and access. Despite
    the critical nature of safeguarding asset-related data, 87% of respondents are
    unaware that once this information is lost, crypto assets become unrecoverable.

    This lack of awareness has resulted in a staggering 23.7% of
    all crypto assets on the market being unowned. A mere 7% of clients utilizing
    crypto payment services show any interest in understanding the risks associated
    with ownership continuity before engaging in transactions.

    KYC Ignorance Threatens Future Generations

    Nearly half 42.8% of capital founders and a staggering 88%
    of their family members, including children, are unfamiliar with KYC
    regulations, indicating a significant gap in understanding and compliance . A
    concerning 81.6% of respondents take no measures to address the information
    asymmetry between themselves and family members regarding asset and wealth
    information, potentially leading to confusion and mismanagement.

    Only a minute 4% of respondents fully grasp the depth of
    problems arising from KYC procedures and regulations, indicating a widespread
    underestimation of associated risks. Merely 22% of capital heirs comprehend the
    increasing resemblance of donation and inheritance procedures to winning a
    lottery, highlighting the lack of awareness regarding the potential risks
    involved.

    Alarmingly, only 11.9% of wealth founders understand that
    future generations will be obligated to undergo KYC procedures for both
    themselves and their parents, further underscoring the lack of foresight in
    asset management. A shocking revelation indicates that fewer than 5% of
    founders realize that their inaction effectively shifts the burden of managing
    wealth transfer onto their family and children, leaving them ill-equipped to
    navigate the associated challenges and obstacles.

    The implications of these findings are thought-provoking,
    indicating a pressing need for increased education and awareness among crypto
    investors regarding the importance of safeguarding personal information and
    complying with regulatory measures. Failure to address these issues not only
    puts individual fortunes at risk but also threatens the stability and
    legitimacy of the burgeoning cryptocurrency market as a whole.

    A study has unveiled that a notable proportion of crypto
    millionaires globally are not only risking their personal information but also
    lacking a fundamental understanding of crucial procedures regarding asset
    transfer and Know Your Client (KYC) regulations. The study was conducted by
    Owner.One, a company specializing in asset management and inheritance planning.

    Analyzing data from 8,000 families across 18 countries
    spanning Africa, the Middle East, Asia, the EU, the UK, and North America,
    Owner.One uncovered alarming trends contributing to the accumulation of
    hundreds of millions of dollars in unclaimed cryptocurrency assets globally.

    Shockingly, in 91% of cases involving the transition from
    fiat currency to cryptocurrency and back, there is a disruption of ownership
    continuity, leading to complications in asset management and access. Despite
    the critical nature of safeguarding asset-related data, 87% of respondents are
    unaware that once this information is lost, crypto assets become unrecoverable.

    This lack of awareness has resulted in a staggering 23.7% of
    all crypto assets on the market being unowned. A mere 7% of clients utilizing
    crypto payment services show any interest in understanding the risks associated
    with ownership continuity before engaging in transactions.

    KYC Ignorance Threatens Future Generations

    Nearly half 42.8% of capital founders and a staggering 88%
    of their family members, including children, are unfamiliar with KYC
    regulations, indicating a significant gap in understanding and compliance . A
    concerning 81.6% of respondents take no measures to address the information
    asymmetry between themselves and family members regarding asset and wealth
    information, potentially leading to confusion and mismanagement.

    Only a minute 4% of respondents fully grasp the depth of
    problems arising from KYC procedures and regulations, indicating a widespread
    underestimation of associated risks. Merely 22% of capital heirs comprehend the
    increasing resemblance of donation and inheritance procedures to winning a
    lottery, highlighting the lack of awareness regarding the potential risks
    involved.

    Alarmingly, only 11.9% of wealth founders understand that
    future generations will be obligated to undergo KYC procedures for both
    themselves and their parents, further underscoring the lack of foresight in
    asset management. A shocking revelation indicates that fewer than 5% of
    founders realize that their inaction effectively shifts the burden of managing
    wealth transfer onto their family and children, leaving them ill-equipped to
    navigate the associated challenges and obstacles.

    The implications of these findings are thought-provoking,
    indicating a pressing need for increased education and awareness among crypto
    investors regarding the importance of safeguarding personal information and
    complying with regulatory measures. Failure to address these issues not only
    puts individual fortunes at risk but also threatens the stability and
    legitimacy of the burgeoning cryptocurrency market as a whole.

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  • Asia’s Bitcoin Volatility Linked To Algos Tracking ETF Flows

    Asia’s Bitcoin Volatility Linked To Algos Tracking ETF Flows

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    Recent Bitcoin price volatility in Asia has been closely linked to automated trading algorithms that monitor flows in US exchange-traded funds (ETFs). According to Bloomberg, this algorithmic trading response to daily US ETF flow data is causing pronounced swings in Bitcoin prices during Asian trading hours.

    Trading Algos Spoil The Bitcoin Price

    The trigger for Bitcoin’s steep decline, marking its worst drop in a month, was observed on Tuesday morning in Asia. This downturn coincided with the release of US ETF flows data, which indicated a net withdrawal of investments.

    Shiliang Tang, president of Arbelos Markets, highlighted the impact of algorithmic trading on these market movements. “From an algorithmic trading perspective, bots can basically auto-scrape this data and buy and sell based on this,” Tang explained. “It seems that’s basically what is happening.”

    The introduction of several Bitcoin ETFs in the United States on January 11 has since attracted a net $12 billion in investments. These ETFs experienced a surge in inflows, especially in the first half of March, propelling Bitcoin to a record high of $73,798. However, the premier cryptocurrency has seen a decline of up to 17.6% from this peak, amidst fluctuating inflows and outflows within the sector.

    This pattern of flows has notably impacted the Asian market’s returns, with February and early March witnessing particularly strong performance, which diminished later in the month. The influence of algorithmic protocols on Bitcoin’s price not only affects the spot market but extends to derivatives as well, with Coinglass reporting about $357 million in bullish crypto bets being liquidated on Tuesday alone.

    Charlie Morris, Chief Investment Officer at ByteTree Asset Management, pointed out the significance of ETF flows for Bitcoin compared to gold, noting that 5.5% of Bitcoin is held in ETFs, against 1% for gold. This makes ETF flows a more critical factor for Bitcoin’s market movements.

    Market participants like Jakob Kronbichler, co-founder of Clearpool Finance, emphasize the market’s responsiveness to ETF flow data and suggest the recent correction as a natural pause for the market to “take a bit of a breather” amidst widespread excitement.

    Spot ETFs Rake In $40 Million

    Yesterday, all spot Bitcoin ETFs experienced an inflow totaling $40.3 million, primarily due to Blackrock’s significant contribution of $150.5 million, which played a crucial role in boosting the market. On the contrary, ARK faced a challenging day with $87.9 million in outflows, despite having $200 million inflows the previous week. Grayscale’s GBTC saw rather low outflows, amounting to $81.9 million.

    Renowned analyst WhalePanda commented: “Maybe profit taking after Q1? Speculation though. […] Mondays always seem to have the most outflows and wondering if end of Q1 had something to do with it as I suspect. Price crashed further on US government moving/selling some of the BTC from Silk Road. Better to sell here than at $100k or $200k. 17 days until halving.”

    At press time, BTC traded at $66,398.

    Bitcoin price
    BTC price, 4-hour chart | Source: BTCUSD on TradingView.com

    Featured image created with DALL·E, chart from TradingView.com

    Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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  • Stablecoin Issuer Tether Completes SOC 2 Type 1 Audit

    Stablecoin Issuer Tether Completes SOC 2 Type 1 Audit

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    Tether, the USDT stablecoin issuer, announced on April 1 that it had completed the System and Organization Controls (SOC) 2 Type 1 Audit, the highest level of security compliance achievable. Tether stated that the audit’s completion demonstrates the robust information technology control measures it has in place, ensuring the safety of its systems. Gold Standard […]

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  • Breaking Boundaries: Dubai Set to Redefine Blockchain Technology at WBS Dubai | by BitMedia Buzz | Apr, 2024

    Breaking Boundaries: Dubai Set to Redefine Blockchain Technology at WBS Dubai | by BitMedia Buzz | Apr, 2024

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    BitMedia Buzz

    Our PR partner, yourPRstrategist is a proud media partner of the World Blockchain Summit and we are pleased to extend their 15% discount to our community. Discount code: STRAT15

    Dubai, U.A.E., April 2, 2024 — The 29th edition of the World Blockchain Summit, organised by Trescon and co-hosted by Sun Minimeal, returns to Dubai on 22–23rd April 2024 at the iconic JW Marriott Hotel Marina. This highly anticipated event is set to become a major focal point for global web3 and blockchain innovators to take note of the region’s efforts towards a web3-driven future. This eagerly awaited edition is poised to become a critical hub for global web3 and blockchain innovators, highlighting UAE’s efforts towards a future driven by web3 technology.

    The Summit, one of the longest-running global blockchain series, has become a pivotal platform for leading and emerging blockchain and web3 innovators, visionaries, thought-leaders and policymakers to deliberate over the trending innovations and solutions that are driving the inclusion of blockchain-based solutions in critical sectors of the global economy.

    Benefiting from supportive government policies and a shift towards a digital-first economy, Dubai is solidifying its position as a leading global hub for blockchain innovation, enhancing its digital infrastructure comprehensively. The launch of the Dubai AI & Web3 Campus by the DIFC, alongside the Virtual Assets Regulatory Agency (VARA) Dubai, has attracted global investors and innovators eager to play a pivotal role in nurturing a dynamic digital ecosystem within the UAE.

    The Summit will host over 2,000 web3 decision-makers, 300+ investors, and more than 50 speakers. The event will also feature the regional finale of the Startup World Cup organised by the renowned US-based venture capital firm Pegasus Ventures, offering the winner a chance to secure a spot to pitch at the global finals in San Francisco, with a potential prize of US$1 million in funding.

    #WBSDubai showcases compelling keynote speeches, use-case presentations by prominent blockchain visionaries and experts, and engaging panel discussions on pivotal topics shaping the web3 landscape. Some of the themes that will be explored at the event include 2024 Blockchain Ecosystem Market Analysis, Decrypting the Regulatory Landscape of Virtual Assets, Emerging Trends in Enterprise Blockchain Adoption, The rise of AI-Blockchain integration and more.

    Some of the notable speakers attending the event include:

    • Pascal Gauthier, Chairman & CEO, Ledger
    • Roham Gharegozlou, Co-founder and CEO, Dapper Labs
    • Mike Belshe, Co-Founder & CEO, BitGo
    • Bertrand Levy, VP Global Partnerships, SANDBOX
    • George Gvazava, Chief Crypto Officer, Bank of Georgia
    • Miriam Kiwan, Vice President of MEA, the issuer of leading regulated stablecoin, USDC., Circle
    • Yosuke Yoshida, Co-CEO of EMURGO Middle East & Africa, CEO of EMURGO Kepple Ventures, EMURGO
    • Bandar Altunisi, Head of Development for Binance in Saudi Arabia Head of Institutional Relationships for Binance Dubai (FZE), Binance
    • Reece Merrick, Managing Director, Middle East & Africa, Ripple

    Sharing their enthusiasm about the event, George Gvazava, Chief Crypto Officer, Bank of Georgia said, “In the realm of innovation, the World Blockchain Summit serves not only as a gathering of minds but as a crucible, where ideas are forged into the connections, use-cases and technologies of tomorrow.”

    “In the heart of Dubai’s dynamic tech landscape, blockchain technology stands as a cornerstone in the UAE’s digital transformation. Trescon plays a pivotal role, connecting global entrepreneurs and startups with leading investors and experts. The World Blockchain Summit offers a prime venue for unveiling the latest in blockchain innovation and insights.” said Sharath Kumar, Commercial Director, Trescon

    Registration for the World Blockchain Summit Dubai is still open. Seize the chance to book your slots today and prepare to be a part of another thrilling blockchain and crypto event of the year. Don’t let this opportunity slip away!!

    The 29th edition of the World Blockchain Summit is supported by:

    Co-Host — Sun Minimeal

    Co-Powered By — Ecrox Chain

    Gold Sponsor — Medifakt, Crypto2Cash, Anbruggen,

    Silver Sponsor- Kreation, Coingames, Reat Capital

    Lanyard Sponsor- M2

    Badge Sponsor- Ledn

    Bronze Sponsor- BitGo, Block Convey, M2

    Exhibitors- Reltime, Qoneqt , C# Corner

    Official Accommodation Partner- HotelPlanner

    Business Broadcast Partner — CNBC Arabia

    Official Newspaper Partner- The Fintech Times

    Official Digital PR Distribution Partner — ZEX PR Wire

    ABM Partner- Demandify

    Association Partners- Crypto and Blockchain Association, Blockchain Council, Asia Web3 Alliance Japan, European Blockchain Association

    Prime Media Partner- Demandteq

    About World Blockchain Summit (WBS)

    World Blockchain Summit (WBS) is an event by Trescon that supports the growth of the blockchain, crypto and Web3 ecosystems globally.

    WBS is the world’s longest-running blockchain, crypto, and web3-focused summit series. Since our inception in 2017, we have hosted more than 20 editions in 11 countries as we strive to create the ultimate networking and deal flow platform for the Web3 ecosystem. Each edition brings together global leaders and emerging startups in the space, including investors, developers, IT leaders, entrepreneurs, government authorities, and others.

    To book your tickets, visit https://www.worldblockchainsummit.com/dxb-apr-24.

    Media Contact

    Shadi Dawi

    Director, Public Relations & Partnerships — MENA, Trescon

    shadi@tresconglobal.com

    +971 55 498 4989

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  • Crypto.com Unveils Tailored Trading Platform for Korean Market

    Crypto.com Unveils Tailored Trading Platform for Korean Market

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    Crypto.com, a global cryptocurrency exchange, unveiled plans
    today (Tuesday) to introduce a specialized trading platform application
    designed exclusively for the Korean market. The application, tailored to cater
    to the preferences and needs of Korean users, is set to be launched on April
    29, 2024, offering trading between various cryptocurrencies.

    With this development, Crypto.com becomes the first
    international cryptocurrency exchange to venture into the Korean market,
    signaling its focus on expanding its global footprint. The Chief Operating
    Officer of Crypto.com, Eric Anziani, highlighted Korea’s tech-savvy populace
    and its inclination towards embracing innovative technologies as key factors
    driving the decision to focus on the Korean market. Moreover, he emphasized
    Korea’s influence as a cultural powerhouse, indicating the exchange ‘s intention
    to support Korean creators and artists through strategic partnerships.

    Eric Anziani, Chief Operating Officer of Crypto.com, Source: LinkedIn

    “The first product we will be launching in Korea is the
    crypto.com app, which is our most popular product globally. It’s a fully mobile
    product offering a convenient and safe way to buy, sell and store digital
    assets, including non-fungible tokens, enabling Korean customers to access
    global prices in a regulated manner,” he commented.

    Patrick Yoon, the General Manager of Crypto.com’s Korean
    operations, emphasized the company’s dedication to catering to the unique
    demands of the Korean market. He stated that Crypto.com has been prioritizing
    localization efforts for the past two and a half years, ensuring that its
    services align with the preferences and regulatory requirements of Korean
    users.

    “Once our coin trading service is stabilized in the
    Korean market, we plan to ultimately advance into the Korean won-based trading
    market in the future,” Yoon added.

    Navigating Regulatory Landscape for Korean Market Entry

    Patrick Yoon, General Manager of Crypto.com, Korea, Source: LinkedIn

    One such regulatory requirement in Korea mandates
    cryptocurrency exchanges to establish partnerships with commercial banks to
    verify the real-name accounts of their customers. Yoon revealed ongoing
    discussions with local banks to secure potential partnerships for real-name
    account authentication.

    Presently, there are five won-based cryptocurrency exchanges
    authorized by Korean financial authorities, including UpBit, Bithumb, Coinone,
    Korbit, and GOPAX. By entering the Korean market, Crypto.com aims to provide
    users with an alternative trading platform while fostering healthy competition
    and innovation in the local cryptocurrency ecosystem.

    Crypto.com, a global cryptocurrency exchange, unveiled plans
    today (Tuesday) to introduce a specialized trading platform application
    designed exclusively for the Korean market. The application, tailored to cater
    to the preferences and needs of Korean users, is set to be launched on April
    29, 2024, offering trading between various cryptocurrencies.

    With this development, Crypto.com becomes the first
    international cryptocurrency exchange to venture into the Korean market,
    signaling its focus on expanding its global footprint. The Chief Operating
    Officer of Crypto.com, Eric Anziani, highlighted Korea’s tech-savvy populace
    and its inclination towards embracing innovative technologies as key factors
    driving the decision to focus on the Korean market. Moreover, he emphasized
    Korea’s influence as a cultural powerhouse, indicating the exchange ‘s intention
    to support Korean creators and artists through strategic partnerships.

    Eric Anziani, Chief Operating Officer of Crypto.com, Source: LinkedIn

    “The first product we will be launching in Korea is the
    crypto.com app, which is our most popular product globally. It’s a fully mobile
    product offering a convenient and safe way to buy, sell and store digital
    assets, including non-fungible tokens, enabling Korean customers to access
    global prices in a regulated manner,” he commented.

    Patrick Yoon, the General Manager of Crypto.com’s Korean
    operations, emphasized the company’s dedication to catering to the unique
    demands of the Korean market. He stated that Crypto.com has been prioritizing
    localization efforts for the past two and a half years, ensuring that its
    services align with the preferences and regulatory requirements of Korean
    users.

    “Once our coin trading service is stabilized in the
    Korean market, we plan to ultimately advance into the Korean won-based trading
    market in the future,” Yoon added.

    Navigating Regulatory Landscape for Korean Market Entry

    Patrick Yoon, General Manager of Crypto.com, Korea, Source: LinkedIn

    One such regulatory requirement in Korea mandates
    cryptocurrency exchanges to establish partnerships with commercial banks to
    verify the real-name accounts of their customers. Yoon revealed ongoing
    discussions with local banks to secure potential partnerships for real-name
    account authentication.

    Presently, there are five won-based cryptocurrency exchanges
    authorized by Korean financial authorities, including UpBit, Bithumb, Coinone,
    Korbit, and GOPAX. By entering the Korean market, Crypto.com aims to provide
    users with an alternative trading platform while fostering healthy competition
    and innovation in the local cryptocurrency ecosystem.



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  • Bitcoin Halving Inches Closer With Less Than 2,900 Blocks Left

    Bitcoin Halving Inches Closer With Less Than 2,900 Blocks Left

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    The Bitcoin Halving is fast approaching, with less than 2,900 blocks left before miners’ rewards are cut in half. This event, projected to take place sometime in April, is significant as Bitcoin’s price could enjoy a parabolic move to the upside after it takes place. 

    Bitcoin Halving Set For April 19

    Data from Coinwarz shows that the Bitcoin Halving is set to take place on April 19 at Block 840,000. This projection is based on Bitcoin’s current block time average, which means the Halving can come a little earlier or sometime after April 19. However, the main focus remains that miners’ supply will be cut in half. 

    The Halving event is a deflationary measure that Bitcoin’s founder, Satoshi Nakamoto, encoded in the flagship crypto and takes place after every 210,000 blocks. Three halving events have occurred since the Genesis block in 2009, when Bitcoin’s first block was mined. The first was on November 28, 2012, when miners’ rewards were cut from 50 BTC to 25 BTC.

    The next Halving event took place on July 9, 2016, cutting miners’ rewards to 12.5 BTC. The third one happened on May 11, 2020, reducing the reward to 6.25 BTC. Now, Miners’ rewards are set to be cut in half again, reducing them to 3.125 BTC.

    This reward is the amount of BTC miners receive for validating each block of new transactions on the blockchain. Although this event mainly affects miners, the crypto community closely monitors it due to the ripple effects it could have on the market. Bitcoin’s supply comes through these miners’ rewards, and a reduction in them usually drives Bitcoin’s value higher. 

    Bitcoin’s Performance After Each Halving

    The Halving has historically always led to a price appreciation for Bitcoin. Ninety days after the first Halving on November 28, 2012, Bitcoin’s price increased to $1,000 from $12 at the time of Halving. Subsequently, Bitcoin’s price saw a gain of over 8,000% one year after that Halving. 

    Bitcoin halving

    Source: MilkRoad

    This parabolic price surge also occurred after the second and third Halving events, with Bitcoin’s price rising from $650 and $8,821 (at the time of the Halving) to $2,506 and $56,612 (90 days after the Halving) in 2016 and 2020 respectively. Bitcoin also gained 284% and 559% one year after the event. 

    This time isn’t expected to be different as Bitcoin is again predicted to experience a massive move to the upside after April. This bullish sentiment is further strengthened by Bitcoin’s demand, which has continued to skyrocket in the face of a dwindling supply. 

    At the time of writing, Bitcoin is trading at around $70,400, up in the last 24 hours according to data from CoinMarketCap. 

    Bitcoin price chart from Tradingview.com

    BTC price struggles ahead of halving | Source: BTCUSD on Tradingview.com

    Featured image from 99Bitcoins, chart from Tradingview.com

    Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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