Fun

News Feed - 2023-11-09 02:11:05

Zhiyuan Sun6 hours agoHKEX-listed tech firm launches $15M Bitcoin fund“The next step for the crypto market depends on a refresh of the Bitcoin network,” wrote founder Wang Feng.5103 Total views30 Total sharesListen to article 0:00NewsJoin us on social networksLinekong Interactive, a gaming and film production company headquartered in Beijing and listed on the Stock Exchange of Hong Kong (HKEX), is allocating $15 million to invest in projects building on the Bitcoin network.


Wang Fang, the founder of Linekong, said in a Nov. 8 tweet that the fund, dubbed “BTC Next,” will be used to accelerate emerging projects in the Bitcoin ecosystem, including “asset issuance protocols, trading markets, expansion, virtual machines, NFT, RWA, and GameFi.”


For initial efforts, the firm would “participate in the research and investment of Bitcoin network ecological assets as early as possible,” publish its investment portfolios, and update the list of Bitcoin ecological crypto assets. “The panoramic curtain of the Bitcoin network ecology has slowly unfolded,” BTC Next wrote. Traditionally, Bitcoin lacked the programmability associated with newer blockchains such as Ethereum, remaining for most periods largely unchanged from its invention in 2008. 


However, the Bitcoin ecosystem has expanded greatly this year with the invention of Ordinals and Inscriptions, two novel data storage methods that, together, allow users to mint unique digital assets on the Bitcoin blockchain.


In June, cross-chain wallet BitKeep (now Bitget Wallet) added deposit and withdrawal support for BRC-20 Bitcoin tokens modeled on the Ethereum ERC-20 standard. On Nov. 7, Binance listed popular BRC-20 token Ordinals (ORDI), causing its value to surge more than 40% in a single day. BRC-20 tokens have altogether reached $1.36 billion in market capitalization since their inception. 更新/这件事情在我心里酝酿100天了,我们要启动一个BTC NEXT,加密市场的下一步离不开比特币网络的焕然一新。蓝港互动的成长,见过风起云涌,那时候,是和个人电脑、智能手机、互联网和游戏一起走过来的。我们的下一步,要和比特币网络的发展紧紧联系起来。

—————————————————————————…— 小隐新十年(WangFeng) (@wangfeng_0128) November 8, 2023


Founded in 2007 in Beijing as an online gaming firm, Linekong Interactive first went public in Hong Kong in 2014. Before founding Linekong, Wang was a vice president of software development at Kingsoft Software, a Chinese information technology conglomerate. 


Wang resigned as CEO of Linekong in 2018 to focus on blockchain, founding several projects in the nonfungible tokens, decentralized finance, and Bitcoin mining space. He returned to Linekong as CEO in 2022 after an invitation from the firm’s board of directors to better integrate Linekong products with Web3.


Related: Swiss crypto bank SEBA gets Hong Kong SFC license# Blockchain# Cryptocurrencies# Hong Kong# Business# FundingAdd reactionAdd reactionRead morePay and dump? How businesses accepting crypto payments influence adoptionLess than 50% of Hong Kong retail crypto investors aware of relevant regulations: SurveyVisa completes digital Hong Kong dollar pilot test with local banks

News Feed

Biggest Movers: APE, XLM Move Close to 1-Month Highs
Biggest Movers: APE, XLM Move Close to 1-Month Highs Apecoin was up by over 13% on Tuesday, despite bearish sentiment remaining largely present in cryptocurrency markets. The token
Bitcoin Historical Data Points To Imminent 62% Price Surge – Analyst
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Philippines to block Binance exchange
Zoltan Vardai12 hours agoPhilippines to block Binance exchangeThe ban will take effect within three months, allowing investors to exit their crypto positions held via the Binance exchange.6432 Total views8 Total sharesLi
Report: Kenya Set to Scale Up Adoption of Cryptocurrencies in 2022
Report: Kenya Set to Scale Up Adoption of Cryptocurrencies in 2022 In his Africa crypto market predictions for 2022, Marius Reitz, the general manager for Luno in Africa, has predi
Amaka Nwaokocha47 minutes agoBlockchain could have prevented Nigeria’s naira scarcity — Local expertsAccording to Christopher Eniayemo, the decision to print new naira notes could have occurred via DeFi, involving Ni
Amaka Nwaokocha13 hours agoRipple CTO seeks community consensus for XRPL AMM feature adoptionDavid Schwartz stated that the changes could be implemented in as little as two weeks if a majority supports the amendment.2946
Tom Blackstone5 hours agoCryptoPunk holders offered physical versions of their NFTs for 48 hoursOnline art store Avante Art is offering print copies of CryptoPunks for the next 48 hours through a partnership with CryptoP
Crypto Hardware Wallet Maker Ledger Raises $100M Amid Growing Demand for Secure Storage Solutions 
Crypto Hardware Wallet Maker Ledger Raises $100M Amid Growing Demand for Secure Storage Solutions  The cryptocurrency hardware wallet manufacturer Ledger has raised €100 million
Top 5 New Crypto to Buy as Hong Kong Announces Plans to Promote Crypto
Este artículo también está disponible en español. Paul Chan Mo-po, Hong Kong’s financial secretary, reaffirmed the city’s commitment to being a stable, open,
‘Big Short’ Investor Michael Burry Dumps All Stocks but One After Predicting Market Crash
"Big Short" Investor Michael Burry Dumps All Stocks but One After Predicting Market Crash Hedge fund manager Michael Burry’s Scion Asset Management dumped all but one of its
Bitfarms Reveals Argentina Mega-Mining Farm Location Details
Bitfarms Reveals Argentina Mega-Mining Farm Location Details Bitfarms, the Canada-based Bitcoin mining unicorn, has at last revealed details about its activities in Argentina. The
Turner Wright3 hours agoChangpeng Zhao’s tweet ‘contributed’ to collapse of FTX, claims Caroline EllisonThe former Alameda Research CEO placed part of the blame for FTX’s failure on CZ, while the Binance CEO clai