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Interviewee | Mr. King Leung, Global Head of Financial Services and FinTech, Sustainability at InvestHK Editor | WuBlockchain Mr. King Leung leads the Financial Services and Fintech, as well as Sustainability teams at Invest Hong Kong (InvestHK), attracting international and Mainland financial services, technology, and sustainability companies to enrich Hong Kong’s financial ecosystem. Prior to joining the government, Mr. Leung was a tech entrepreneur, angel investor, and fintech lecturer. His first data-related startup received early-stage investment from Credit Suisse, directly serving several prominent financial institutions in areas such as wealth management, insurance, and consumer finance. Mr. Leung also worked as a management consultant at Booz Allen & Hamilton and KPMG Consulting in the U.S., and as a venture investor for Innovate@, a technology fund jointly operated by Booz Allen & Hamilton and Lehman Brothers. He holds an MBA with honors in Finance and Strategy from ...

Chinese virtual bank ZA Bank has revealed plans to offer crypto trading services with fiat currencies to retail customers. In an interview with the Hong Kong Economic Journal, ZA Bank CEO Ronald Iu said the Hong Kong-based company eventually plans to start offering crypto trading services with fiat via its mobile application ZA Bank App, although he did not provide a timetable. The ZA Bank CEO noted that the company is set to double down on web3, as the virtual bank has already provided commercial banking services to over 80 crypto firms, including OKX’s branch in Hong Kong. In addition to OKX, ZA Bank is also a banking partner for local licensed virtual asset trading platforms HashKey and OSL. Since its inception in 2020, ZA Bank has undergone an expansion of its customer base, reaching a milestone where one in ten adults in Hong Kong now owns a ZA Card. Ronald Iu also said that as of the end of June, customer deposits have surpassed 10 billion yuan (~$1.4 billion), marki...

Binance’s web3 wallet now supports Bitcoin, Bitcoin Cash, Litecoin, Dogecoin, and the Sei Network. The integration enables users to transfer tokens across these networks, enhancing user experience and broadening the wallet ’s utility. We heard your feedback, so it's time to welcome five new networks to the #Binance Web3 Wallet! #Bitcoin Sei Bitcoin Cash Dogecoin Litecoin Find out more ️ https://t.co/T5iDvC7yRC pic.twitter.com/snCoPGV2wB — Binance (@binance) December 7, 2023 You might also like: K33 Research: Crypto markets remain steady despite Binance-DOJ settlement Binance ex-CEO Changpeng Zhao has been committed to the defi wallet amidst these challenges, reflecting a dedication to innovation and user service. However, the integration of coins and Zhao’s efforts must be viewed through a lens of cautious optimism, as the company struggled to balance tech progress with the need for robust regulatory compliance and ethical business pra...

The future of Web3 gaming will be shaped by reliable distribution platforms that take a cue from Steam’s success. What are Web2 game distribution platforms?What do Web2 game distribution platforms offer players and developers?What are Web3 game distribution platforms, and how do they differ from traditional platforms?What are the key challenges Web3 game distribution platforms face?What would it take to establish the Steam of Web3?What is the future of Web3 game distribution platforms? What are Web2 game distribution platforms? Web2 game distribution platforms, also known as traditional gaming platforms, act as online game shops with community Features that connect gamers worldwide in a common ecosystem. Players usually download a small software client to access the platform, which offers user-friendly interfaces with a streamlined purchase process and detailed information about each game title. Currently, there are three major traditional game distribution platforms: Steam, Epic Gam...

Amid a crypto downturn, startup Bastion successfully garners $25 million in a funding round spearheaded by a16z crypto, aiming to ease blockchain use for conventional businesses. Bastion, a startup supported by Andreessen Horowitz’s crypto arm, a16z crypto, emerges from stealth mode. Co-founded by Riyaz Faizullabhoy and Nassim Eddequiouaq — former chief technology and chief security officers at Andreessen Horowitz’s crypto division — Bastion recently raised $25 million in a funding round . 1/ After months of building in stealth mode, we are ready to introduce ourselves and announce our $25M fundraise led by @a16zcrypto. We are Bastion, and we are here to help brands and businesses build a digital world that people actually want to live in pic.twitter.com/mZPCxo1yRl — Bastion (@BastionPlatform) September 18, 2023 Notably, this fundraising comes amidst a bear market for digital assets. “It was clear that even as crypto came back down into another bear market, this ti...

The venture capital firm will allocate up to $200,000 to blockchain projects that it deems promising. On May 24, Singaporean venture capital firm Foresight Ventures announced that it would pledge an additional $10 million to its Foresight X Accelerator, bringing its total to $20 million. The move comes as the firm opens the second phase of accelerator applications, which will focus on Web3 projects building in the artificial intelligence (AI), zero-knowledge (ZK), machine learning, Bitcoin (BTC), liquid staking derivatives, and nonfungible token ecosystems. Previously, Foresight earmarked $10 million for its accelerator , which launched last November. In its first phase, Foresight focused on 30 companies from its Web3 project pool, providing an investment of $50,000 to $200,000. As the accelerator moves into its second phase, Foresight will allocate $200,000 to each selected project and assign up to three mentors and one fund partner from the VC firm to provide practical guidance...

Jack Daniels is dropping digital collectibles in an AR game, while FIFA launched an AI-football simulation game that will eventually ship NFT integrations. Otherside holders get dripped out in Gucci Luxury fashion giant Gucci has designed a limited edition pendant for Yuga Labs’ Otherside metaverse that will come in both physical and nonfungible token (NFT) forms. Gucci’s silver jewelry piece is dubbed the “KodaPendant,” and will drop on April 6 for hodlers of the Koda or Vessel NFTs, which essentially function as either creatures or avatars in Otherside. Koda and KodaPendant NFT artwork. Source: Yuga Labs The physical chain itself is 50cm long, with a Koda-shaped pendant engraved with “GG.” There will be 3,333 in total on sale for 450 ApeCoin (APE) a pop, worth roughly $1,930 at current prices. Once the NFTs are purchased, their Koda or Vessel NFT metadata will be updated with a KodaPendant trait, resulting in a physical update to the token’s associated animated character. Introducin...