DeFi

Aptos’ Crypto Testing in Hong Kong: Insights from Former Meta Employees

Gettyimages 1163775778
Ever since Hong Kong legalized cryptocurrency trading last June, blockchain projects from the West have been paying more attention to the Asian financial hub. Aptos, the a16z-backed blockchain network developed by a group of former Meta employees, is one of them. Started by some of the original creators of Meta’s abandoned crypto payment project Diem, Aptos is set to host a DeFi event in Hong Kong this April. When asked when users in Hong Kong will get access to Aptos-based DeFi services, the founder said he cannot speculate on regulation. “I do think Hong Kong regulators are moving things in the right direction and forward and providing clarity for entrepreneurs to build.

Maximizing Bitcoin’s Trillion-Dollar Potential: Asymmetric Financial’s DeFi Fund Strategy

Gettyimages 1325823070
Crypto fund Asymmetric Financial is creating its Bitcoin DeFi Venture Fund I to focus on investing in the blockchain’s nascent space with a target raise of $21 million. The fund will be spearheaded by general partner Dan Held, former director of growth at Kraken and long-time Bitcoiner. Many Bitcoin-focused VCs ignore DeFi because it’s speculative, and broader crypto VCs see it as a “dead boomer rock,” he added. Much of this activity has centered on the Ethereum blockchain, but Held believes Bitcoin’s blockchain has tons of future potential as an ecosystem. “It will be a Bitcoin DeFi renaissance.”“Bitcoin is worth more than every other crypto asset combined,” Held added.

Trending now

Baby wearables, texts from dogs, and E-Ink cars • TechCrunch
The Future of Babies: Wearables, Text Messages from Furry Friends, and E-Ink Automobiles
Instagram now lets you bookmark posts with friends and store them in a dedicated space
Create and Explore a Saved Space with Instagrams New Bookmarking Feature
Atomos tows a $16M load of funding to create tugboats in space • TechCrunch
Atomos Takes Off With $16M For Tugboats in Space
Gettyimages 942480316
Vestwell secures $125M investment to enhance workplace savings programs for businesses