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Nanyang Commercial Bank: Has participated in cross-border credit reporting pilot work in Shenzhen relying on blockchain and other technologies

OCBC (China) Limited announced that it will explore cross-border credit cooperation between Shenzhen and Hong Kong. As the first branch of OCBC in mainland China, OCBC Shenzhen Branch has participated in the pilot work of cross-border credit initiated by local credit agencies in Shenzhen. Relying on technologies such as blockchain to ensure data security and reliability, it will create multi-dimensional overseas Hong Kong enterprise credit reports and realize the landing of the first business.

Layer N announces strategic investment from BlackPine

Modular L2 protocol Layer N has announced that it has received strategic investment from BlackPine. The team stated that this investment marks Layer N's official entry into the Asian market, with the aim of expanding the availability of native Web3 products in the region. It is reported that Layer N, as a second layer built on Ethereum, focuses on improving transaction throughput and reducing transaction latency to replicate the transaction speed of traditional financial markets on the blockchain.

Fintech firm Block’s Bitcoin revenue surges nearly 40% year-on-year

On November 3rd, Jack Dorsey's financial technology company Block (formerly Square) announced third-quarter financial results that exceeded analyst expectations, with significant growth in bitcoin revenue leading to a sharp increase in stock price in after-hours trading. The company's latest financial data shows that compared to the same period last year, its bitcoin business revenue grew by 37.5%, from $1.76 billion to $2.42 billion. The gross profit the company received from its bitcoin business also increased, from $36 million last year to $44 million.

Blockchain security company Xage Security secures $20 million in funding

Blockchain security company Xage Security announced that it has raised $20 million in Series B financing, bringing the total amount of financing for the company to $80 million. Piva Capital, March Capital, SCF Partners, Overture Climate Fund, Valor Equity Partners, Chevron Technology Ventures and Science Applications International Corporation participated in the investment. <br>

SINOHOPE and Alpha Blockchain Capital Launch 100% Virtual Asset Fund

October 31, 2023, Hong Kong, Sinohope Technology Holdings Limited (stock code: 1611.HK, “SINOHOPE”) has announced a partnership with Alpha Blockchain Capital(“ABC”) to launch Alpha Blockchain SP1 Fund (the “Fund”) that will provide eligible professional investors with a unique opportunity to invest 100% in virtual assets.
SINOHOPE and Alpha Blockchain Capital Launch 100% Virtual Asset Fund

Sam Bankman-Fried's perspective on FTX fall

Sam Bankman-Fried testified in court this week, denying any wrongdoing between FTX and Alameda Research despite admitting “big mistakes."
Sam Bankman-Fried's perspective on FTX fall

Full Bitcoin Blocks Provide Added Protection Against Cybercriminals and Affect Bitcoin Price, Study Finds

New research from Florida Atlantic University and the University of Mississippi suggests that blockchains with "full" blocks and transaction queues provide an extra layer of protection against fraudsters and money launderers. The study, titled "Bitcoin Blocksize, Custodial Security, and Price," examines the Mt.Gox crash and other instances of cryptocurrency theft from exchanges. The researchers found that cybercriminals prefer to launder stolen bitcoin quickly, and that full blocks act as a deterrent to hackers and scammers by signaling network congestion and a rise in network security that affects bitcoin price. The study also found that block fullness is 20% lower on average during incidents of cryptocurrency breaches or fraud.

Haikou releases white paper on blockchain industry development and implements multiple application scenarios

On the afternoon of the 24th, the "Digital Economy Lecture Hall" blockchain special session seminar of the Hainan Free Trade Port and the release conference of the Haikou City Blockchain Development White Paper were held. At the press conference, it was learned that the white paper summarized and analyzed the problems and challenges faced by the development of the Haikou City blockchain from the overall development status, the development conditions, and the development effectiveness, and referred to the development experience of other regions' blockchain, proposing development ideas and application prospects. In early 2022, Haikou City was approved as a comprehensive pilot area for national blockchain innovation and application, and the development of the Haikou City blockchain has entered a substantial acceleration stage. The Fuxingcheng Internet Information Industry Park, as a provincial key industrial park, is also the main carrier park for promoting the development of the blockchain industry in our city, with a total of 52 registered blockchain companies. The Haikou City blockchain industry has initially formed a breakthrough, and multiple "blockchain+" application scenarios have landed. It is reported that the "Haikou City Blockchain Industry Development White Paper" was led by the Haikou City Science and Technology Bureau, and the China Unicom Research Institute and the China Unicom (Hainan) Innovation Research Institute were responsible for compiling it.

The People's Court of Qingjiangpu District, Huai'an City uses blockchain and other technologies to create a smart police construction and application system

Since the beginning of this year, the People's Court of Qingjiangpu District, Huai'an City has taken information technology and intelligent construction as a powerful means to promote judicial law enforcement work and the construction of judicial police teams. They have focused on building a "smart police integrated platform" by using technologies such as artificial intelligence, big data, and blockchain. Through informationization, intelligence, visualization and other means, they have built a smart judicial law enforcement construction and application system for the people's court, providing strong security guarantees for the smooth progress of the court's trial and enforcement work.

Cryptocurrency Cybersecurity Threat: EtherHiding Takes Aim at Blockchain Contracts

Guardio Labs, a cybersecurity firm, has identified a new threat called "EtherHiding" that targets WordPress websites. The attack involves embedding malicious code into blockchain contracts to siphon off partial payments. The attackers can modify their code and attack methods, making it difficult for traditional defense mechanisms to keep up.