Gate.io to enter Hong Kong following city’s $6.4M budget allocation to Web3

Cryptocurrency exchange Gate.io is gearing up to launch a presence in Hong Kong following the local government’s planned $6.4 million (50 million Hong Kong dollar) cash injection into Web3 as per the city’s 2023-24 budget. Gate Group said on Feb. 22 that it will apply for a crypto license in Hong Kong allowing it to launch “Gate HK.” The firm’s local company, Hippo Financial Services, gained a license in August 2022 to provide virtual asset custodial services. It comes as Hong Kong financial secretary, Paul Chan, announced the Web3-related funding…

Federated Learning Consortium (FLC) for Decentralized AI to Launch in Hong Kong, Led by Phoenix and APEX Technologies – Press release Bitcoin News

press release PRESS RELEASE. After over a year of preparation and restructuring, decentralized and privacy-enabled AI organization Federated Learning Consortium (FLC) is set to launch as a for-profit research consortium in Hong Kong, China, shifting from a previously non-profit approach. FLC is set to be led by founding keystone members – blockchain technology platform Phoenix and leading China-based consumer data and AI company APEX Technologies. FLC’s vision is centered on researching, developing, and promoting cutting-edge technologies surrounding federated AI, including federated learning, blockchain-enabled AI, multi-party computation (MPC), and TEE (trusted…

Federal Judge Rules NBA Top Shot NFTs May Be Considered Unregistered Securities – Bitcoin News

A federal judge, Victor Marrero, ruled on Wednesday that the NBA Top Shot non-fungible tokens (NFTs) issued by Dapper Labs may meet the requirements to be considered an unregistered security. The case arose in 2021 when an NBA Top Shot collector sued Dapper Labs, claiming that the NBA Top Shot NFTs, known as “Moments” issued via the Flow blockchain, are securities. Judge’s Ruling Allows Friel v. Dapper Labs Case to Continue United States District Court judge Victor Marrero agreed with the plaintiffs who filed a lawsuit against Dapper Labs on…

Google Cloud partners with Tezos blockchain to develop Web3 tech

Google’s cloud computing arm has added another string to its Web3 bow, with a new partnership to see it becoming a network validator on the Tezos blockchain. On Feb. 22, Tezos Foundation, a Swiss non-profit foundation supporting the Tezos blockchain announced it has teamed up with Google Cloud which will allow customers of the cloud computing business to deploy Tezos nodes and build Web3 applications on the blockchain. Tezos is a blockchain-based smart contract platform used to power decentralized applications, similar to Ethereum, Cardano and among others. Corporates that have used…

Coinbase vs Binance sinhala 2021

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