Hong Kong will launch new initiatives this year related to Web3 and Digital Yuan.

Hong Kong will launch new initiatives this year related to Web3 and Digital Yuan.

As part of its 2024–2025 budget, the city of Hong Kong has provided specifics about the development of new Web3 and digital yuan initiatives. As part of its digital finance plans, Hong Kong Financial Secretary Paul Chan announced in a speech that the city would expand the digital yuan pilot and expedite the creation of … Read more

After moving to Ronin, the Web3 game Pixels is now valued at $2.7 billion.

After moving to Ronin, the Web3 game Pixels is now valued at $2.7 billion.

For the previous two years, the project has been getting ready to launch on the cryptocurrency exchange Binance. Shortly after releasing its token on cryptocurrency platform Binance, Pixel, one of the biggest Web3 games in terms of daily active users, has come close to being valued at $3 billion. As of the time of writing, … Read more

Launching a Cross-Chain Partnership Program, Analog Secures $16 Million for Web3 Interoperability Boost

The group raised $16 million in a funding round from a variety of venture capitalists and organizations, including Balaji Srinivasan, Tribe Capital, and Wintermute, according to a statement released on Monday by the Web3 blockchain interoperability platform Analog. In addition, Analog has started its Launch Partners Program to support cross-chain activities and increase their market … Read more

Playdapp Breach: Hacker Mints $31 Million in Tokens, Offering Reward for Quiet Play

The Web3 gaming platform Playdapp has revealed that it was the target of a hacking attack in which hackers took advantage of the system to generate tokens valued at about $31 million. According to Playdapp, if the hackers consent to returning the contracts and assets they took, they will receive a reward. Exchanges for Cryptocurrency … Read more