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Matt Haldane
Verified
Production Editor, Tech, South China Morning Post
Hong Kong
Beats
Anything Consumer Technology
Content
By Matt Haldane Verified| South China Morning Post Verified The Hong Kong Web3 Festival opened on Monday against a backdrop of plunging global markets and a sharp downturn in cryptocurrency prices, while local officials and industry leaders expressed optimism about the industry’s future given the recent policy pivot in the US. The event, hosted by crypto exchange operator HashKey Group and blockchain research organisation Wanxiang Blockchain Labs, comes as newly imposed US tariffs have roiled stock and crypto markets.
By Matt Haldane Verified| South China Morning Post Verified A decade after launching the Ethereum blockchain, co-founder Gavin Wood is maintaining his vision for a Web3 beyond cryptocurrency and creating a truly decentralised internet alive through Polkadot.
By Matt Haldane Verified| South China Morning Post Verified The growing strength of stablecoins as a bridge between Web3 and traditional finance could give an edge to markets like Hong Kong, which has its currency pegged to the US dollar (USD), but the Asian financial hub still faces challenges in attracting major blockchain businesses. The Hong Kong dollar’s peg to the US currency is seen as a unique advantage for the city, as the majority of stablecoin trading activity happens through cryptocurrencies backed by the US dollar.
Company Info
South China Morning Post
The South China Morning Post (SCMP) is a prominent English-language news media company based in Hong Kong, established in 1903. It serves as the city's newspaper of record and aims to lead discussions about Hong Kong, Greater China, and Asia. SCMP operates in both digital and print formats, focusing on delivering accurate and in-depth journalism. SCMP has transformed into a multimedia organization with a strong digital presence, providing 24/7 news coverage through its website, mobile apps, and social media. It publishes a daily newspaper with a significant circulation and offers various magazines, including *Cosmopolitan* and *ELLE*. The company covers a wide range of topics, including business, politics, lifestyle, and technology, and employs advanced tools to enhance content accessibility. With offices in Hong Kong, mainland China, and the U.S., SCMP combines local insights with global perspectives, ensuring comprehensive reporting on regional and international issues.
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Founded: 1903