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CMCC Global, a pro-crypto venture capital firm, has launched a $100 million fund to support block chain start-ups in Hong Kong and across Asia. On October 4, CMCC completed the first round of its Titan fund, raising over $100 million from more than 30 investors.  Notable participants included Block.One, Pacific Century Group owned by Hong Kong tycoon Richard Li, Winklevoss Capital, Jebsen Capital, and Animoca Brands founder Yat Siu.  You might also like: Hong Kong arrests over JPEX crypto fraud increase to six people The fund will provide equity investments to early-stage block chain start-ups in Hong Kong.  It previously participated in the development of Animoca Brands, which is known as Mocaverse. In August, it was instrumental in the pre-seed funding round for Terminal 3, a Hong Kong-based web3 data infrastructure start- up.  Although the Titan fund does not focus exclusively on Hong Kong-based projects, it aims to invest in the best companies worldwide....

Toward the end of the Asian trading session, Bitcoin price is down 1% to $30,845. Similarly, Ethereum is down 1% to $1,938. Considering the 1% dip in the total market cap to $1.25 trillion, the crypto market performance is expected to stay relatively depressed going into the weekend. advertisement How to Navigate Bitcoin Price Technical Outlook As investors step into the market from the long weekend, they’ll quickly realize that trading volume is down across the board. According to data from CoinGlass, all major exchanges continue to report sharp drops in volume in the range of 15-20%. This significant drop in volume impacted the number of liquidations, summing to $47.67 million in the last 24 hours. Open Interest chart courtesy of Coinglass Intriguingly, the market has managed to sustain open interest at $14.50 billion, with the long/short ratio revealing that long traders have a slight upper hand over short traders. Recommended Articl...

Join Our Telegram channel to stay up to date on breaking news coverage Over the past ten years, the public block chain industry has grown from a few million dollars to a $1 trillion market. The space hasn’t yet succeeded in creating a decentralized, safe, interoperable solution, though. Consider switching from Ethereum to Bitcoin, the biggest blockchain network. Centralized exchanges have traditionally been among the few secure, workable options for switching from one chain to another. Via Wrapped Bitcoin, BitGo, a centralized solution provider, offers the biggest pool of liquidity for Ethereum users to access Bitcoin (WBTC). More than 93.6% of the Bitcoin crossed to Ethereum is represented by the BitGo IOU. To exchange BTC and WBTC, users must use BitGo partner services like centralized exchanges or CoinList. WBTC is clearly vulnerable to centralization and regulatory issues because to its dominance. With the demise of FTX, Alameda Research’s platform RenBTC was s...