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WikiBit's Panel of Experts are Bullish on Hong Kong as a New Crypto Hub

Victoria, Re Wan Chai, Hong Kong S.A.R.- On March 10th, WikiBit, the global blockchain exchange regulatory inquiry platform, organized a roundtable discussion to explore the factors driving the rise of Hong Kong as a major hub for cryptocurrency activities. The event brought together experts and thought leaders from the industry to share their insights on this growing trend.To get more news about WikiBit App, you can visit wikifx.com official website.

During the panel discussion, participants analyzed the regulatory framework, market trends, and business opportunities that have contributed to Hong Kong's emergence as a new center for crypto-related activities. The experts also discussed the challenges and potential risks associated with this trend and shared their perspectives on the future of cryptocurrencies in the region.

The roundtable discussion provided a platform for a comprehensive and informative dialogue on the dynamics shaping the crypto landscape in Hong Kong. WikiBit remains committed to providing valuable insights and resources to promote greater understanding and awareness of the blockchain industry worldwide.

Hong Kong's bid to become a digital asset hub is drawing in cryptocurrency companies seeking to capitalize on mainland China's appetite for trading in tokens. With its new regulatory regime for exchanges and plans to legalize crypto trading for retail investors, Hong Kong is increasingly being seen as a more crypto-friendly destination than Singapore, which implemented a crackdown on the sector last year.

As the world's fourth-largest crypto market, despite the Chinese government's ban on the sector in 2021, mainland China continues to present a significant demand for digital coin trading. As a result, companies are rushing to establish a presence in Hong Kong in the hopes of capturing this demand.
The move to Hong Kong comes as a response to the potential opportunities presented by the city's push to become a crypto hub, with companies looking to gain a foothold in the region's growing market. These developments signal a shift in the dynamics of the cryptocurrency industry in the region, as businesses seek to navigate evolving regulatory frameworks and seize new business opportunities.

As companies continue to flock to Hong Kong, they will face challenges and risks associated with the nascent industry, including regulatory uncertainties, cybersecurity threats, and market volatility. However, with Hong Kong's growing reputation as a crypto-friendly destination, coupled with the increasing demand from mainland China for digital assets, the prospects for the cryptocurrency industry in the region appear bright.

A robust regulatory framework not only safeguards the interests of investors but also instills greater confidence in builders and investors alike. In this regard, Hong Kong, the emerging cryptocurrency hub, has been at the forefront of setting new regulatory standards in the industry. With Asia's second-largest economy, Hong Kong has taken proactive steps to safeguard investors while also promoting the growth of the crypto industry.

The city has been exploring ways to enhance its regulatory framework to ensure that it aligns with global standards and provides a safe and secure environment for cryptocurrency-related activities. The regulatory regime for exchanges and the recent legalization of crypto trading for retail investors are just some of the steps taken to encourage the growth of the crypto industry in the city.

The measures adopted by Hong Kong demonstrate the government's commitment to promoting innovation while also ensuring that investors are adequately protected. As a result, Hong Kong has become an attractive destination for businesses looking to establish a presence in the region's growing cryptocurrency market.

The establishment of a strong regulatory framework is a positive development for the industry as it provides a sense of stability and predictability that investors and builders need to operate effectively. As Hong Kong continues to lead the way in this regard, other jurisdictions in the region and beyond may look to follow suit, creating a more consistent and transparent regulatory environment for the cryptocurrency industry globally.

Blockchain success starts here

Blockchain defined: Blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network. An asset can be tangible (a house, car, cash, land) or intangible (intellectual property, patents, copyrights, branding). Virtually anything of value can be tracked and traded on a blockchain network, reducing risk and cutting costs for all involved.To get more news about blockchain knowledge, you can visit wikifx.com official website.

Why blockchain is important: Business runs on information. The faster it's received and the more accurate it is, the better. Blockchain is ideal for delivering that information because it provides immediate, shared and completely transparent information stored on an immutable ledger that can be accessed only by permissioned network members. A blockchain network can track orders, payments, accounts, production and much more. And because members share a single view of the truth, you can see all details of a transaction end to end, giving you greater confidence, as well as new efficiencies and opportunities.
A private blockchain network, similar to a public blockchain network, is a decentralized peer-to-peer network. However, one organization governs the network, controlling who is allowed to participate, execute a consensus protocol and maintain the shared ledger. Depending on the use case, this can significantly boost trust and confidence between participants. A private blockchain can be run behind a corporate firewall and even be hosted on premises.

Permissioned blockchain networks
Businesses who set up a private blockchain will generally set up a permissioned blockchain network. It is important to note that public blockchain networks can also be permissioned. This places restrictions on who is allowed to participate in the network and in what transactions. Participants need to obtain an invitation or permission to join.

Consortium blockchains
Multiple organizations can share the responsibilities of maintaining a blockchain. These pre-selected organizations determine who may submit transactions or access the data. A consortium blockchain is ideal for business when all participants need to be permissioned and have a shared responsibility for the blockchain.

A simple step by step guide on how to use the WikiBit app

WikiBit is a third-party service platform that allows you to check the formality, authenticity, and compliance of specific blockchain trading platforms. It offers several types of services to help you get all the information you need on a particular blockchain trading platform. This information enables you to make an informed decision and steer clear of inauthentic trading platforms. You can gain access to all this information through the official WikiBit website or the WikiBit App. In this excerpt, we will be looking at a guide for using the WikiBit app.To get more news about WikiBit App, you can visit wikifx.com official website.

How to use the WikiBit App
Using the app is not challenging. This means that it does not need any technical know-how. Below is a guide on how to use the WikiBit App;

Step 1: Download the app
The first step is to download the WikiBit app. Doing this is effortless because you can download the app from various platforms. Currently, it is available in the App Store, Google Play Store, and the Android download platform. This also means that you can use the app on various devices like Android and Apple smartphones. The only limit is that you cannot use it on your computer. All you must do is visit any of the platforms mentioned above, search for the WikiBit app, and then click download.

Step 2: Log in or create an account
The next step, after downloading the app, is logging in. The process starts by clicking the login icon. Doing this will open a page where you will be asked to enter some information. The first step will require you to choose your location then enter your mobile phone number.

The aim of providing your phone number is to get a verification code. You must enter the verification code to proceed to the next step. You can also choose to log in through your Facebook account. The platform also allows you to log in with ID or the QR code provided at the top of the page.

Step 3: Start using
After filling in all the mandatory data and logged onto the platform, you can now start using the platform. Using the app is quite simple. The app grants you access to a search tool. Using the tool, you can type in the title or name of any bitcoin trading platform and click search. Doing this will provide you with a wide range of information like the licenses, regulation details, risk exposure, and platform data. You will also get a page with all recent news on the platform.

How Zero-Knowledge Proofs are Revolutionizing Blockchain Technology

Blockchain technology has the potential to revolutionize industries beyond finance, and it is often associated with popular cryptocurrencies like Bitcoin. It operates as a decentralized and distributed ledger, enabling secure, transparent, and immutable record-keeping. However, traditional blockchains face significant challenges related to privacy and scalability.To get more news about blockchain knowledge, you can visit wikifx.com official website.

Privacy concerns arise due to the transparent nature of blockchain transactions, while scalability issues stem from the increasing size and complexity of the blockchain. To address these challenges, Zero Knowledge Proofs (ZKPs) offer a promising solution. ZKPs allow for verifiable transactions without revealing sensitive information, and in this blog, we will delve into how ZKPs can reshape the blockchain landscape by addressing privacy and scalability concerns in traditional blockchain networks.
What are Zero Knowledge Proofs (ZKPs)?
Zero Knowledge Proofs (ZKPs) are cryptographic protocols that allow one party, known as the prover, to prove to another party, known as the verifier, that a specific statement is true without revealing any additional information about the statement. In the context of blockchain technology, ZKPs are significant as they offer solutions to the challenges of privacy and scalability.

ZK-rollups are a type of Layer 2 scaling solution that uses Zero Knowledge Proofs (ZKPs) to provide scalability and privacy benefits to blockchain transactions. ZKPs allow the prover to prove the validity of a statement without revealing any additional information, while ZK-rollups use this technology to bundle multiple transactions off-chain and verify them on-chain as a single transaction. This approach greatly reduces the computational cost and transaction fees associated with blockchain transactions while maintaining the integrity and security of the underlying blockchain network. In summary, ZK-rollups are a practical application of ZKPs that can significantly enhance the scalability and privacy of blockchain transactions.
Properties of ZKPs
• Completeness: Zero-Knowledge Proofs (ZKPs) ensure that a valid statement can be proven to be true to the verifier. The prover can provide convincing proof that the statement is true, and the verifier can verify the proof's validity.

• Soundness: ZKPs provide soundness, ensuring that an invalid statement cannot be proven to be true by the prover. If the statement is false, the prover will not be able to generate valid proof, and the verifier will not be convinced of its truth.

• Zero-Knowledge: ZKPs allow for proof without revealing any additional information about the statement or the proof itself. The prover can prove the statement's truth without disclosing any knowledge or details about how the proof was generated, ensuring privacy and security in the process.
Types of ZKPs
1. Interactive Zero-Knowledge Proofs (iZKPs) is a type of proof in which the prover and verifier engage in a back-and-forth process to prove a statement. The verifier sends random challenges to the prover, who must respond with proof that satisfies the verifier's challenges. The Schnorr protocol, the Fiat-Shamir heuristic, and the Guillou-Quisquater protocol are examples of iZKPs.

2. Non-Interactive Zero-Knowledge Proofs (NIZKPs) is another type of proof that the prover generates without interaction with the verifier. The proof is then sent to the verifier for verification. NIZKPs are more efficient and faster than iZKPs as they do not require any interaction between the prover and verifier. zk-SNARKs, Bulletproofs, and STARKs are examples of NIZKPs.

What is cryptocurrency and how does it work?

Cryptocurrency, sometimes called crypto-currency or crypto, is any form of currency that exists digitally or virtually and uses cryptography to secure transactions. Cryptocurrencies don't have a central issuing or regulating authority, instead using a decentralized system to record transactions and issue new units.To get more news about Crypto currency market, you can visit wikifx.com official website.

What is cryptocurrency?
Cryptocurrency is a digital payment system that doesn't rely on banks to verify transactions. It's a peer-to-peer system that can enable anyone anywhere to send and receive payments. Instead of being physical money carried around and exchanged in the real world, cryptocurrency payments exist purely as digital entries to an online database describing specific transactions. When you transfer cryptocurrency funds, the transactions are recorded in a public ledger. Cryptocurrency is stored in digital wallets.

Cryptocurrency received its name because it uses encryption to verify transactions. This means advanced coding is involved in storing and transmitting cryptocurrency data between wallets and to public ledgers. The aim of encryption is to provide security and safety.

The first cryptocurrency was Bitcoin, which was founded in 2009 and remains the best known today. Much of the interest in cryptocurrencies is to trade for profit, with speculators at times driving prices skyward.
How does cryptocurrency work?
Cryptocurrencies run on a distributed public ledger called blockchain, a record of all transactions updated and held by currency holders.

Units of cryptocurrency are created through a process called mining, which involves using computer power to solve complicated mathematical problems that generate coins. Users can also buy the currencies from brokers, then store and spend them using cryptographic wallets.

If you own cryptocurrency, you don't own anything tangible. What you own is a key that allows you to move a record or a unit of measure from one person to another without a trusted third party.

Although Bitcoin has been around since 2009, cryptocurrencies and applications of blockchain technology are still emerging in financial terms, and more uses are expected in the future. Transactions including bonds, stocks, and other financial assets could eventually be traded using the technology.

Cryptocurrency examples
There are thousands of cryptocurrencies. Some of the best known include:

Bitcoin:

Founded in 2009, Bitcoin was the first cryptocurrency and is still the most commonly traded. The currency was developed by Satoshi Nakamoto - widely believed to be a pseudonym for an individual or group of people whose precise identity remains unknown.

Ethereum:

Developed in 2015, Ethereum is a blockchain platform with its own cryptocurrency, called Ether (ETH) or Ethereum. It is the most popular cryptocurrency after Bitcoin.

Litecoin:

This currency is most similar to bitcoin but has moved more quickly to develop new innovations, including faster payments and processes to allow more transactions.

Ripple:

Ripple is a distributed ledger system that was founded in 2012. Ripple can be used to track different kinds of transactions, not just cryptocurrency. The company behind it has worked with various banks and financial institutions.

Non-Bitcoin cryptocurrencies are collectively known as "altcoins" to distinguish them from the original.

Best cryptocurrency exchanges and trading apps in April 2023

While cryptocurrency has surged in popularity in recent years, only a minority of Americans have actually traded it. Among the most popular cryptos are Bitcoin, Ethereum and Cardano, each of which has seen a lot of action as prices rise and fall. The appeal for traders? The potential to make significant money on the volatility of these highly speculative assets.To get more news about best crypto exchange, you can visit wikifx.com official website.

Increasingly, traders have more and more ways to access cryptocurrencies. New exchanges and trading platforms have started in response to the wide interest in crypto. In fact, you may already have an app on your phone that lets you trade. For example, if you have the PayPal or Venmo apps, you can buy and sell at least a few different cryptocurrency coins. But other apps and exchanges give you access to a wider selection of cryptocurrency - there are literally thousands - or they offer other benefits such as lower cost.
The platforms below include specialized crypto exchanges, online brokers, and cash and payment apps. We've included pricing as well as how many coins you're able to trade, so you can get a sense of the scope of each app or exchange.

If you're interested in trading the largest cryptocurrency, Bitcoin, exclusively, it may not make sense to go with an app that offers you dozens of other coins. On the other hand, if you're looking to trade whatever is hot at the moment, consider an app or exchange with more variety.

Bittrex
Bittrex is an attractive option for crypto traders thanks to its straightforward low-cost commissions, particularly for those trading high volumes. If you're trading less than $50,000 every 30 days, you'll pay between 0.25 and 0.30 percent in commissions, but the fees fall quickly from there if you're trading big bucks. Plus, Bittrex doesn't charge for USD deposits or ACH withdrawals.

Hard-core crypto enthusiasts will also appreciate Bittrex's offering of about 100 cryptocurrencies to trade. You'll find all the most popular coins including Bitcoin, Ethereum and Dogecoin, as well as the more obscure listings.
Binance.US, which is the American arm of the larger Binance organization, is one of the best crypto exchanges because of its low trading costs. Bitcoin and Ethereum traders can access commission-free trades, while other coins are priced on a sliding scale for high-volume traders. Plus, if you use Binance's in-house coin, BNB, to pay trading fees, you'll get a discount of 25 percent.

The broker eToro is all crypto, all the time (at least for American traders, though others can trade stocks). At eToro, you'll have access to about 80 cryptocurrencies, including quite a few, such as Tezos, Uniswap and Polygon, that you won't normally find on the traditional brokerage apps. The app doesn't charge a direct commission but rather a flat spread markup of 1 percent, regardless of which coin you purchase or how much.

Coinbase
Coinbase is a specialized cryptocurrency exchange that allows you to trade a bunch of digital currencies, 230 at the latest count. That range will likely scratch your crypto itch, since it includes most of the top coins, including Bitcoin, of course. But what will you pay for using the basic service? Unfortunately, Coinbase has become cagier about what you'll pay to trade, recently obscuring the fee structure on its website.

When it was visible, the fee structure was complex, to say the least. You'd pay a spread markup of about 0.5 percent and a transaction fee that depended on the size of the transaction and the funding source. For Coinbase Advanced Trade, you'll pay fees that start at 0.6 percent for 30-day volume under $10,000 and decline to as low as 0.15 percent for up to $100,000 in volume and then head even lower.
Kraken
Kraken is another specialized cryptocurrency exchange that lets you trade a ton of different coins, including the most popular as well as some (Solana, Uniswap, Cardano and more) that are not typically available on the usual financial apps. In total, the exchange supports trading in more than 212 cryptos. Kraken does not offer its service to residents of New York and Washington state.

Commissions on Kraken Pro are competitive, ranging from 0.16 to 0.26 percent at the lowest volume levels and declining to a range of 0 to 0.1 percent with volume of $10 million or more in the last 30 days. High-net-worth traders can also access margin trading, increasing their buying power (and risk). While you can deposit money via ACH for free into Kraken, debit or credit card transactions incur a 3.75 percent fee plus 25 cents, and you can get hit with a 0.5 percent online banking processing fee if you fund through a bank, at last check.

Tencent taking global Honor of Kings as China continues to block its new releases

Chinese giant Tencent is bringing its flagship title to global markets as it attempts to offset the increasing restrictions and limited growth of its home market.To get more news about honor of kings top up, you can visit topuplive.com official website.

The company announced Honor of Kings will be "rolling out... to global gamers by the end of the year" via Level Infinite, the publishing label Tencent established back in December.

There will be closed beta tests in the coming months, starting in July.

The news comes as the South China Morning Post reports that Tencent has once again been left out of the latest wave of regulator approvals for publishing licences.

The Chinese government mandates that all titles released in the market require a publishing licence, although regulators froze the approvals process for nine months -- the second time this has occurred.

A first batch of 45 games were approved for release in April, with another 60 granted a licence on Tuesday. The latter included Keqier Frontier, a new title from Genshin Impact developer MiHoYo, and Perfect World Games' Black Cat Anecdote Society.

The approval of just 105 games so far this year is a marked decline when compared to 2017, where regulators approved more than 9,000 games for release in China over the course of the year.

None of the approval games were submitted by Tencent or its rival NetEase. Both companies have been waiting 11 months for any of their upcoming games to be given the green light.

In its most recent financial results, Tencent reported revenues from domestic games, led by Honor of Kings, dipped 1% to $4.9 billion. These account for 24% of the internet firm's total quarterly revenues.

However, the company saw 4% growth in revenues from games outside China at $1.6 billion -- 8% of total quarterly revenues. Tencent no doubt hopes to boost this further and offset the limitations of its home market by bringing its top title to global markets.

This is not the first time the company has attempted this, though. In 2017, Tencent launched Arena of Valor, an international edition of Honor of Kings, with the aim of recreating its success overseas and taking on Western hits like League of Legends (developed by Riot Games, which is wholly owned by Tencent).

The game generated $15 million in its first year, although struggled to gain traction -- to the point where there were reports Tencent were planning to give up on the game just one year later.

Writing for GamesIndustry.biz in 2018, Mintegral's Jeff Sue explored why Arena of Valor struggled in America.

This is also not Tencent's first attempt to establish the Honor of Kings brand outside China. Back in November, the company announced its TiMi Studios Group is working on Honor of Kings: World, a AAA spin-off for consoles and PC.

Free Fire MAX Hyperbook Top-up

Free Fire MAX Hyperbook Top-up Event: Top-up Event is one of the most regular events that the title has to offer. Following the conclusion of Glee Spee Event, Garena announces Hyperbook Top-up Event in which the rewards are on the Ramadan theme. Gamers need to Top-up 499 diamonds to be able to obtain the whole Hyperbook, containing tons of rewards free of cost. For future updates on Garena Free Fire and Free Fire MAX, follow InsideSport.INTo get more news about free fire top up, you can visit topuplive.com official website.

The Top-up events in Free Fire MAX require gamers to spend real cash on topping up diamonds. A specific number of Top-ups will allow them to acquire some exclusive rewards. Meanwhile, all the Topped-up diamonds will remain on the profile of the players. Meanwhile, the ongoing Top-up i.e Hyperbook will remain active until 18 April 2023. Hence, gamers would have enough chances to claim the rewards.

This Top-up event rewards are on the Ramadan Theme. Hyperbook mainly consists of quite a few exclusive rewards. Gamers just need to spend a specific amount of diamonds to acquire the whole book with all the rewards.

The Hyperbook called Runestone Hyperbook is not usable like other cosmetics. Meanwhile gamers need special Tokens called Runestone tokens to unlock the items on its different pages. So, here's the list of rewards that are available on the 1st to last pages respectively.

If gamers manage to unlock all these pages. Gamers can also obtain guaranteed rewards. Like users always do, they have to top-up diamonds and upon the completion of it, they can click on the Claim button to secure the tokens and Hyperbook.

Wild Rift: How to Get Wild Cores?

Wild Rift currently has a ton of content. The shop has a wide variety of skins and champions that players can browse through. These champions and skins can be bought using an in-game currency called Wild Cores. Here is what you need to know about Wild Cores and how to use them. To get more news about recharge wild rift, you can visit topuplive.com official website.

What are Wild Cores in Wild Rift
Wild Cores are in-game currencies used to buy items in the shop. Right now the options you have in the shop are champions and skins. Champion bundles are also available, offering players a chance to own a champion with their skins at a discounted price.
League of Legends PC player might recognize these currencies as the Wild Rift equivalent of Riot Points (RP). Sooner or later, there might be top-up promotions that allow players to gain more Wild Cores than what they usually would get regularly.

How to Top-up Wild Cores
To purchase Wild Cores, you only need to tap on the "+" button at the top of the screen. The store will open with a few options on how many Wild Cores you want to purchase.
If this is your first time purchasing then you might need to set up payment options. Here are the links on how to set up payments for both Android and Apple devices.

If you run into any other issues while trying to make a payment, you can visit the official Google Play or App Store support website.

Free Skins Without Purchasing Wild Cores
So, you want to obtain skins but you don't have any Wild Cores? Lucky you, there is a way to get free skins aside from in-game events, the Poro Store! The Poro store is where you can purchase in-game cosmetic options like champion poses, emotes, baubles, and more. The currency used here is Poro Coin which you can obtain by participating in events or doing daily and weekly missions.

Where are the free skins, you ask? You can acquire a random skin after filling up the Poro Energy Meter. The best way to fill this up fast is by purchasing Poro Chests which can contain various cosmetic items and energy charges that will be added to your energy meter.
Wild Cores are just a small portion of what makes the game fun and exciting. The Rift Rewards event is currently on its final week and will end on Jan. 18 while the Yordle expedition is in its first week. Don't miss out on these events to get random skins and champion chests.

Shrinking Hello Group Targets Tantan Breakeven in 2023

More than a year after kicking off a major overhaul at one of its two main units, dating app operator Hello Group (MOMO.US), often called the "Tinder of China," is saying it still needs time to return to a growth track.To get more news about tantan topup, you can visit topuplive.com official website.

That's the big picture coming from the company's latest quarterly earnings, which show its revenue continued to shrink in the second quarter, extending a streak dating back to early 2020. It predicted its third quarter revenue will continue sliding by at least 14.9%, similar to the 15.3% decline it posted for the three months through June, according to the announcement released last Thursday.

During an investor call after the results release, management also said the company would continue using its ongoing retrenchment strategy by "prioritizing growth with profit instead of growth (at any) cost.". Under that strategy, the company has tightened its belt across business lines, while cautiously expanding into newer areas.

We'll delve into that strategy shortly and analyze what it means for the company's longer-term development. But first let's review some of the details from its latest financial report, starting with a 26% decline in Hello Group's net profit to 345.6 million yuan ($50.1 million) in the second quarter on revenues of 3.1 billion yuan. The company attributed its sluggish business partly to the resurgence of Covid-19 in China during the period, saying it "brought many challenges and uncertainties to the overall market environment and our execution of strategic goals."

China's tightening regulation of livestreaming businesses with new rules implemented early this year also dealt a heavy blow to the company. Its "live video service" revenue - responsible for about half of its total - fell nearly 30% to 1.5 billion yuan year-on-year during the latest quarter. Hello's platforms allow broadcasters to accept virtual gifts from viewers, with Hello taking a cut. The regulation released in March contained strict guidelines on such gifting, including a cap on how much money a broadcaster can accept, thereby also limiting that revenue source for Hello.

Investors gave Hello's latest earnings a muted thumbs-up, with its stock edging up slightly by 3% in the two trading days after the results were announced. But the company's Friday's closing price of $5.32 is just a fraction of the more than $50 it reached at its high in June 2018, and is well below its IPO price of $13.50 from 2014.

Hello's downward trend follows a similar pattern for most U.S.-listed Chinese companies over the past year on delisting concerns and a series of regulatory crackdowns launched by the Chinese government targeting data-rich companies. But it's also valid to say waning investor appetite for Hello owes to its own struggles over the past two years as its business fails to grow.

In terms of valuation, Hello now trades at a price-to-earnings (P/E) ratio of just 4.5, which is quite cheap compared with peers both at home and abroad. Chinese social media giant Weibo Corp. (WB.US; 9898.HK) trades at 14.5 times and Match Group (MTCH.US), owner of the original Tinder, trades at a whopping 157 times.