Blockchain
Yahoo Finance All Markets Summit Extra Asia LIVE studies the paradigm shift brought by cryptocurrencies, decentralized finance and the great virtual migration
The Yahoo Finance All Markets Summit Extra Asia returns to Hong Kong! Since its event last year, the global economy has been on a rollercoaster ride as new technologies have shifted the way we interact, transact, and live in both real and virtual worlds.
Hosted on Wednesday 10 August, 2022 from 10am – 12pm Hong Kong time, this year’s Yahoo Finance! All Markets Summit Extra Asia 2022 brings together the pioneers, creators and industry forerunners from across Asia to further explore hot topics like digital assets, NFTs, Metaverse, Web3 and how these applications will shape on the economy of tomorrow.
The Paradigm Shift of the Future
Kicking off the event is John Tsang, former Financial Secretary of Hong Kong SAR and founder of NGO Esperanza, who lays out a blueprint of Hong Kong’s future with blockchain technology. He foresees more start-ups and collaborations with international partners. In his talk, he also shines light on his Choi Yeah NFT, through which he hopes to not only spread joy to everyone in the city but also to raise the awareness of the digital future that’s currently unfolding.
“The government can implement innovative policies to encourage the growth of the private sector. This can really help make better use of the innovations that we have. Collaborations are essential for the connection with the world at large,” says Tsang.
“Hong Kong excels in international business: we need to continue doing that even in the 21st century, with Web3 and the Metaverse.”
Following his Keynote Speech, Tsang joins Fred Ngan, Co-Founder & Co-CEO of Bowtie insurance and Stephanie Leung, Director of Group Co-CIO & Head of StashAway HK to discuss how blockchain technology has democratized insurance, investment, and startups plus the implementations within.
Offering more detailed investment perspectives on cryptocurrency and NFTs are Kinetic’s Co-Founder & Managing Partner Jehan Chu; Eddie Lau, Chief Executive Officer and Executive Director of ARTA TechFin as well as Alfian Sharifuddin, DBS Bank (Hong Kong) Limited, Managing Director & Head of Technology and Operations Hong Kong and Mainland China. They all agree that though cryptocurrency and the blockchain are revolutionary technologies, the industry still has a long way to go as traditional institutions – such as banks – explore such a volatile commodity and realize decentralized finance. They also shared their thoughts on DAO, tips on surviving the current bear market and NFTs’ profound function in protecting data privacy in the future.
Sébastien Borget, Co-Founder of digital company The Sandbox, reveals his insights on the metaverse’s skyrocketing influence in the way we live as well as its role in democratizing the playing field for creators who may not all have equal programming skills.
“If the whole society has accepted that it’s normal to interact, date, work, learn and earn on these virtual spaces, I feel like we will move into a true digital economy that will overcome the real-world economy,” says Borget. “We will no longer be constrained by the same restrictions of the traditional world. It will bring true inclusiveness and equality.”
In another Fireside Chat on the future of the blockchain, Sean Rach, Co-Founder of Hi – an app for trading both fiat and cryptocurrencies; Gavin Ho, CEO of Axion Global Digits and Brooks Entwistle SVP Global Customer Success and Managing Director for APAC and MENA for Ripple discuss blockchain’s boundless potential in making banking a universal privilege; a new-found mindset towards blockchain security and network risk management; plus the transition and balance between centralized and decentralized finance.
Trends to Watch amidst the Paradigm Shift towards a Virtual Economy
Trend 1 – Mass Adoption
From finance to insurance, gaming to NFTs, the adaptation of blockchain technologies and the metaverse have stripped away the risks and restrictions prevalent in traditional spaces.
Gavin Ho, Chief Executive Officer of Axion Global Digits, says, “The application of these technologies brings down the participation barrier. They take away some of the risks that are traditionally inherent in this space. We’re expecting mass adoption in the future.”
Trend 2 – Increased Regulation
As blockchain technology revolutionizes every aspect of our lives, governments worldwide are nudged to set standards so to create levelled playing fields for every involved party. The challenge, however, is to balance blockchain security and network risk management while ensuring the market remains competitive.
Brooks Entwistle, SVP Global Customer Success and Managing Director for APAC and MENA of Ripple, says, “Predictability is much better than an environment where we’re all trying to figure out where the line is ourselves. In the digital world of cryptocurrency, we’ve had downturns already, and we’ve learned a little more each time. I love the notion ‘the genie is out of the bottle’ because we aren’t going back. We’re getting a little better every time. This is an amazing time to build, but you must be very focused on what you’re after and limit your chase after bright shiny things.”
Trend 3 – Slow Migration
Albeit the swift acceleration and popularity of blockchain technology, all expert speakers agree that the future of digital will remain a hybrid one as traditional spheres decipher how to make the shift without hurting their bottom line.
John Tsang, former Financial Secretary of Hong Kong SAR and founder of NGO Esperanza, says “The traditional to digital transition is a continuum. We are now in a hybrid form – more traditional than digital – but this shift will continue to benefit consumers because blockchain technology lowers the barrier and costs all the while democratizing the whole process of participation. I think the transition will be a gradual one that’ll take time at the beginning.”
Fred Ngan, Co-Founder & Co-CEO of Bowtie, and Stephanie Leung, Director of Group Co-CIO & Head of StashAway HK, say education and transparency are paramount to advance to the next milestones.
“A lot of people think that a virtual business means that there’s no human touch, but in fact our representatives are on phones, live chats and emails always,” says Ngan, adding that transparency in the fine print and ample educational content are core brand pillars at Bowtie.
Eddie Lau, Chief Executive Officer and Executive Director of ARTA TechFin, agrees and urges companies to help Web 2 creators migrate to Web 3.
Trend 4 – Diversity in Security Models and Consensus
To make a decentralized blockchain realistic for regulated institutions like governments and banks, Kinetic’s Co-Founder & Managing Partner Jehan Chu says variations of security models have emerged such as the Binance Smart Chain (BSC) and, within it, the Spartan Protocol. While financial institutions do not have the same freedom as other trading platforms, Alfian Sharifuddin, Managing Director & Head of Technology and Operations Hong Kong and Mainland China of DBS Bank (Hong Kong) Limited, says banks must be especially active in setting policies and reaching out to clients who are completely aware of the risk landscape.
“We have to take a slower speed than what’s out there in the wild – those guys can push the envelope out there,” says Sharifuddin. “The precautions are huge for a regulated entity like us; but that’s not to say we can’t allow small sandboxes and pilots to go on in a controlled environment.”
Trend 5 – Future of NFTS – Data
The ubiquity of NFTs in art, gaming and entertainment is undeniable. Yet, the future, says Kinetic’s Co-Founder & Managing Partner Jehan Chu, is in data, whereby browser-based cookies will be replaced by data NFTs that users can own and share at their discretion.
“We look for fundamental value and utility in NFTs. What’s more useful than to be able to establish user profile, preferences and privacy in the Web 3 space. It will revolutionize and rethink the way data structures had existed in Web 2 and into a more distributed, more transparent world.”
Welcome to Blocks & Headlines, your daily deep-dive into the most impactful movements in blockchain technology and the cryptocurrency sector. In today’s edition, we unpack five major stories that illuminate trends in funding, sustainability, payment innovation, banking collaborations, and technical interoperability—all vital signposts for developers, investors, and Web3 enthusiasts. Here’s what’s on the docket:
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Camp Network’s New IP-Focused Testnet
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Blockchain for Sustainable Packaging
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Meta’s Blockchain-Based Payment System Plans
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Mocse Credit Union Joins Metal Blockchain’s Innovation Program
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Apex Fusion on the Urgency of Blockchain Defragmentation
Through concise reporting, opinion-driven analysis, and SEO-optimized insights—featuring keywords like blockchain, cryptocurrency, Web3, DeFi, and NFTs—we’ll explore how these developments shape the next wave of decentralized finance, enterprise adoption, and mass onboarding.
1. Camp Network Launches Testnet for IP-Focused Blockchain
What Happened:
Camp Network has unveiled its long-anticipated testnet following a $30 million funding round led by leading crypto VCs. This new network is tailored for intellectual property (IP) asset tokenization, aiming to streamline rights management and royalty payments via smart contracts.
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Technical Highlights:
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Modular Consensus: Hybrid PoS/PoA consensus that allows IP rightsholders to validate transactions.
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On-Chain Licensing: Smart contracts enabling programmable licensing terms, automated royalty splits, and revocable access controls.
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Interoperability: Bridges to Ethereum and Polygon enable seamless asset transfers and liquidity provisioning.
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Analysis & Implications:
By focusing on IP tokenization, Camp Network addresses a glaring gap in current NFT platforms, which often lack robust legal-framework integration. This specialization could catalyze:
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New Revenue Models: Musicians, authors, and inventors can fractionalize royalties, unlocking liquidity and democratizing investment in creative works.
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Institutional Adoption: Traditional publishers and studios may pilot tokenized licensing, accelerating blockchain’s entrée into regulated industries.
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Secondary Markets: With on-chain licensing data, marketplaces can enforce provenance and anti-fraud measures more effectively.
Camp Network’s testnet success will hinge on developer tooling, legal partnerships, and gas-fee economics. Should it deliver a smooth UX and clear ROI for rightsholders, it could set a new standard for Web3 IP infrastructure.
Source: The Block
2. Blockchain as a Sustainable Packaging Game-Changer
What Happened:
A recent report explores how blockchain can revolutionize sustainable packaging by delivering end-to-end supply-chain transparency. The solution combines on-chain tracking of materials, IoT sensor data for carbon footprint measurement, and tokenized incentives for recycling.
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Key Components:
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Immutable Traceability: Each packaging component is logged on a public ledger, enabling consumers to verify sustainable sourcing.
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Carbon Credit Tokens: Brands earn tokenized credits when they hit recycling targets, tradable on carbon-market DAOs.
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Consumer-Facing Apps: QR-code scanning interfaces reveal environmental impact metrics and reward programs.
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Analysis & Implications:
Integrating blockchain with sustainable packaging tackles greenwashing and fragmented reporting. The ability to tie physical materials to on-chain records introduces:
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Enhanced Accountability: Brands face real-time public scrutiny of ESG claims, improving trust and regulatory compliance.
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Market Mechanisms: Carbon credit tokens linking packaging to broader DeFi ecosystems incentivize circular economy behaviors.
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Consumer Engagement: NFTs or loyalty tokens tied to sustainable purchases could accelerate brand loyalty in eco-conscious demographics.
This convergence of blockchain, IoT, and token economics exemplifies how decentralized technologies can underpin not only financial systems but also planetary stewardship.
Source: Yahoo Finance
3. Meta Plans New Blockchain-Based Payment System
What Happened:
Meta is reportedly developing a blockchain-powered payment network to underpin its digital wallet ambitions, aiming to facilitate low-fee remittances, in-app purchases, and peer-to-peer transfers across Facebook, Instagram, and WhatsApp.
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Proposed Features:
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Cross-Border Settlements: Utilizing stablecoins pegged to major fiat currencies to avoid volatility.
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Layer-2 Scalability: Built atop an Ethereum Layer-2 or a proprietary chain to ensure sub-second confirmation times and minimal fees.
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Regulatory Compliance: On-chain KYC/AML checks integrated via permissioned sidechains.
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Analysis & Implications:
Meta’s push into blockchain payments could reshape the competitive landscape:
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Crypto On-Ramp: With 3 billion+ monthly users, built-in wallet functionality could massively expand mainstream cryptocurrency adoption.
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Disintermediation Risk: Traditional payment processors and remittance services face margin compression as Meta internalizes transaction flows.
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Regulatory Scrutiny: Centralized control of a global payments network raises data-privacy and antitrust questions, likely attracting significant oversight.
If Meta balances decentralization ethos with compliance demands, it could serve as a blueprint for other Big Tech firms eyeing Web3 integration.
Source: Dig.watch
4. Mocse Credit Union Joins Metal Blockchain’s Banking Innovation Program
What Happened:
Mocse Credit Union has signed on to Metal Blockchain’s Banking Innovation Program, a consortium designed to accelerate pilot projects in tokenized lending, fractional deposits, and programmable savings accounts.
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Program Benefits:
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Sandbox Environment: Regulatory-compliant testbeds for tokenized asset experiments.
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API Integrations: Plug-and-play modules for KYC, smart-contract auditing, and fiat-crypto on-ramps.
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Co-Innovation Workshops: Joint labs with fellow financial institutions and DeFi projects.
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Analysis & Implications:
This partnership signals the banking sector’s growing willingness to explore blockchain beyond hype:
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Tokenized Deposits: By issuing interest-bearing stablecoin equivalents, credit unions can attract a new demographic of digitally native savers.
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Risk Management: Sandboxed pilots allow institutions to evaluate smart-contract risks without exposing core systems.
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Interoperable Finance: Aligning legacy banking with DeFi rails can unlock hybrid products—e.g., flash loans collateralized by insured deposits.
Such collaborations could spearhead a wave of embedded finance offerings, blurring the lines between centralized and decentralized banking infrastructures.
Source: Newswire
5. Apex Fusion: Defragmenting Blockchain for Mass Adoption
What Happened:
In an op-ed, Apex Fusion argues that blockchain interoperability and defragmentation are critical prerequisites for mainstream Web3 uptake. The piece advocates standardized cross-chain messaging protocols, unified identity layers, and aggregated liquidity pools.
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Core Proposals:
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Protocol Neutral Messaging: A universal middleware to transmit value and data across disparate chains.
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Decentralized Identity (DID): A shared credential framework enabling seamless dApp logins without wallet-hopping.
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Liquidity Hubs: Cross-chain Automated Market Makers (AMMs) that pool assets to reduce slippage and gas friction.
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Analysis & Implications:
A fragmented blockchain ecosystem hinders user experience and developer efficiency:
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Onboarding Friction: New users face wallet complexity, chain-switching hassles, and inconsistent UX across apps.
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Capital Inefficiency: Isolated liquidity silos lead to higher trading costs and limit DeFi yield optimization.
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Developer Overhead: Building multichain dApps requires fragmented toolkits and disparate security audits.
Solving these challenges through interoperable frameworks will be pivotal for DeFi, NFT, and enterprise Web3 solutions to scale beyond niche audiences. Apex Fusion’s recommendations may inform upcoming standards efforts by bodies like the Blockchain Governance Initiative Network (BGIN).
Source: Euro Weekly News
Conclusion
Today’s blockchain developments reflect a maturing industry at the crossroads of innovation and integration:
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Specialized Networks: Camp Network’s IP testnet showcases niche use-cases driving targeted blockchain deployments.
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Sustainability & Token Economics: Linking environmental impact to on-chain incentives demonstrates blockchain’s potential in non-financial arenas.
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Big Tech Entry: Meta’s payment ambitions could accelerate global crypto adoption while raising regulatory stakes.
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Banking Collaboration: Programs like Metal Blockchain’s underscore financial institutions’ appetite for safe, regulated Web3 experimentation.
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Interoperability Imperative: As Apex Fusion highlights, defragmentation and cross-chain standards are essential for seamless UX and liquidity flow.
As blockchain weaves deeper into finance, supply chains, and digital ecosystems, the future hinges on striking the right balance between decentralization, compliance, and user-centric design. Stay tuned for tomorrow’s Blocks & Headlines where we continue to chronicle the pulse of Web3 innovation.
The post Blocks & Headlines: Today in Blockchain – May 9, 2025 appeared first on News, Events, Advertising Options.
Blockchain
Bitget Blockchain4Youth sostiene l’innovazione del Web3 e dell’IA all’hackathon “Build with AI” di Google Developer Group
Bitget, società Web3 e uno dei principali exchange di criptovalute, ha ottenuto un riscontro significativo in occasione del recente hackathon “Build with AI”, tenutosi dal 2 al 5 maggio 2025 presso la Constructor University. Spingendosi oltre la semplice sponsorizzazione, l’iniziativa Blockchain4Youth di Bitget ha coinvolto attivamente più di 130 studenti di talento.
L’evento, organizzato dai Google Developer Groups (GDG) on Campus, ha offerto a Bitget uno spazio dinamico per entrare in contatto diretto con gli innovatori tecnologici di nuova generazione. Nel corso di una presentazione dedicata, è stato introdotto il programma Blockchain4Youth Builder, che mostra l’impegno di Bitget nel formare giovani talenti all’interno dello spazio del Web3. Questa partecipazione evidenzia l’approccio lungimirante di Bitget nell’integrare la formazione in materia di blockchain con i settori emergenti come l’IA, riconoscendo il loro potenziale combinato.
Gli studenti hanno lavorato alla creazione di modelli basati sull’IA e di prodotti in fase iniziale utilizzando gli strumenti avanzati di Google, mentre la presenza di Bitget ha offerto una prospettiva unica su come la blockchain possa migliorare ed essere integrata nelle soluzioni di IA. Questa interazione con il mondo reale ha fornito preziose indicazioni agli studenti, colmando il gap tra conoscenze teoriche e applicazione pratica all’interno del panorama tecnologico in rapida evoluzione.
“La formazione rimane un principio fondamentale della nostra missione e, attraverso iniziative come Blockchain4Youth, intendiamo fornire alle nuove generazioni le competenze necessarie non solo per esplorare, ma anche per plasmare attivamente questo settore dinamico”, ha commentato Vugar Usi Zade, COO di Bitget. “Collaborare con comunità come il Google Developer Group offre una base preziosa per connettersi con talenti di spicco e aiutarli nel percorso di utilizzo della blockchain per creare soluzioni di impatto. Blockchain4Youth continuerà a espandere la sua portata, favorendo la crescita dei futuri leader del Web3 in grado di cogliere le numerose opportunità offerte da questa tecnologia”.
Il coinvolgimento mostrato all’hackathon “Build with AI” di GDG è un elemento chiave del più ampio programma Blockchain4Youth di Bitget, l’iniziativa aziendale dedicata alla Responsabilità Sociale d’Impresa (RSI). Questo programma mira a favorire la prossima generazione di leader Web3 attraverso opportunità formative ed esperienze pratiche.
Tra le iniziative più recenti del programma Blockchain4Youth c’è il lancio del Graduate Program di Bitget, concepito per reclutare i migliori laureati nel settore blockchain e Web3. Inoltre, l’espansione del programma Bitget Builders continua a fornire agli individui più promettenti del Web3 un’esperienza diretta attraverso gli eventi offline, i programmi formativi e la crescita strategica della community.
A proposito di Bitget
Fondata nel 2018, Bitget è una società Web3 tra i principali exchange di criptovalute al mondo. Con oltre 100 milioni di utenti in più di 150 Paesi e aree geografiche, l’exchange Bitget si impegna ad aiutare gli utenti a fare trading in modo più smart con la sua pionieristica funzione di copy trading e altre soluzioni di trading.
The post Bitget Blockchain4Youth sostiene l’innovazione del Web3 e dell’IA all’hackathon “Build with AI” di Google Developer Group appeared first on News, Events, Advertising Options.
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