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Kong

Overwatch GM Walter Kong steps up as SVP head of development, live games/mobile
Esports

Overwatch GM Walter Kong steps up as SVP head of development, live games/mobile

by admin September 8, 2025


Blizzard’s Walter Kong has been promoted to SVP, head of development, live games/mobile.

Announcing the news on LinkedIn, Kong – who joined Blizzard in 2011 and has most recently worked as general manager of Overwatch for almost four years – said he was “honored and grateful” for the opportunities presented to him over the years.

Despite the promotion, Kong says he will remain leading Overwatch’s “overall strategy” but will be expanding that remit to encompass Hearthstone, Diablo Immortal, and Warcraft Rumble, too.

“When I first walked onto the Blizzard campus as an employee in August 2011, I felt awestruck for most of my first day. It was hard to believe that I had a job working for Blizzard!” he wrote. “Even after fourteen years, I still have to occasionally pinch myself. I’m honored and grateful that I’ve been presented opportunities over those years to collaborate with talented colleagues and to make impact at a company I so love and admire.

“Today, I’m happy to share that I’m stepping into a new position at Blizzard as SVP, head of development, live games/mobile. While I’ll still be leading the overall strategy for the Overwatch franchise, I’m also excited to be taking on Hearthstone, Diablo Immortal, and Warcraft Rumble. I am greatly looking forward to working with these talented teams across a wide range of initiatives, existing and new.

“Additionally, I’m committed to fostering an environment of continuous learning, collaboration, and growth for all of our team members.”

Former Diablo boss Rod Fergusson recently exited Blizzard to take on the beleaguered development of Cloud Chamber’s upcoming Bioshock sequel.



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September 8, 2025 0 comments
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Hong Kong
NFT Gaming

Hong Kong University Explores Accepting Bitcoin For Fees Payment

by admin August 31, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The business school of the University of Hong Kong (HKU) is now considering accepting Bitcoin and other digital assets for donation and payment of tuition fees. This development comes a month after the Hong Kong Stablecoin Ordinance went into effect on August 1, in line with the Asian-nation state’s dream of becoming a global virtual asset hub.

Let’s Give Bitcoin A Chance, HKU Professor Says

According to the local media news outlet South China Morning Post, Professor Cai Hongin, the Dean of the Business School at HKU, expressed the institution’s readiness to explore the suitability of Bitcoin and other cryptocurrencies as a form of payment.

While speaking at the CryptoFi Forum on Wednesday, August 27, the prominent Chair of Economics and Director of the Institute of China Economy called for the relevant stakeholders to support this payment program at the Hong Kong University Business School. Professor Hongin said:

All the technical details have been sorted out. We will take bitcoin and digital currencies for tuition fees and donations in the future; If we lose money, we will be losing the money of the faculty … It’s ok, we can take care of it, but at least let us give it a try.

Meanwhile, an official statement from an HKU Business School spokesperson on Friday, August 30, confirmed Hongin’s statement institution was indeed “actively exploring” the incorporation of cryptocurrencies as a fee payment option. The statement read:

HKU Business School is dedicated to creating a secure and sustainable environment for advancing research, development, regulation, and practical adoption of digital currencies in collaboration with our partners.

Hong Kong’s Bid To Become A Global Leader In Virtual Assets

As earlier stated, the Hong Kong government continues to double down on its ambition of establishing a strong crypto-friendly and enabling environment in the nation-state. In May, lawmakers passed the Stablecoin Ordinance, which officially came into effect on August 1, establishing a statutory framework for fiat-backed stablecoins. The law covers everything from issuance and reserves to secondary-market activities, ensuring that operators with a Hong Kong nexus meet strict licensing and compliance standards.

At the same time, the Securities and Futures Commission (SFC) has tightened rules for licensed crypto exchanges, mandating stronger custody measures such as cold wallet controls and real-time threat monitoring to protect investors’ interests. While the Hong Kong Monetary Authority (HKMA) has warned against speculative frenzy, the government’s proactive stance signals its intent to rival Singapore, the United States, and Dubai as a trusted, regulated center for virtual assets.

Total crypto market cap valued at $3.75 trillion on the daily chart | Source: TOTAL chart on Tradingview.com

Featured image from Britannica, chart from Tradingview

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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August 31, 2025 0 comments
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Cz Urges Hong Kong To Act Fast To Compete As Global Crypto Hub
GameFi Guides

CZ Urges Hong Kong to Act Fast to Compete as Global Crypto Hub

by admin August 29, 2025



Chanpeng Zhao, also known as CZ, Co-Founder and largest shareholder of cryptocurrency exchange Binance, believes that Hong Kong has the potential to become a hub for digital assets, if it moves quickly. 

In a recent interview with the South China Morning Post, CZ emphasized that the region has all the potential to rival the US and the UAE in the crypto space, but warned that regulatory inertia could hold it back.

“We shouldn’t evaluate a place’s future potential based on its current status,” CZ said. “We should assess it based on the speed of change.”

Zhao urged Hong Kong authorities to open up faster, especially by allowing more cryptocurrencies to be traded on licensed exchanges. Currently, only four, Bitcoin (BTC), Ether (ETH), Avalanche (AVAX), and Chainlink (LINK), are approved. He argued that this limited selection was “not enough,” suggesting Hong Kong adopt a model like Japan’s, where exchanges have more freedom in deciding which tokens to list.

“There’s nothing magical about what the US, the UAE, or other countries are doing,” he added. “Maybe tomorrow, there could be a meeting in Hong Kong where [officials] say, ‘Look, we’re going to change some things.’”

CZ, who also regularly advises regulators around the world, described Hong Kong’s current crypto framework as overly cautious. He shared that while he does understand this stance, he believes it could slow progress. “When going from no regulation to regulation … most regulators would tend to err on the cautious side.”

This caution is evident in Hong Kong’s new stablecoin rules, which came into effect on August 1. The regulations impose strict controls around reserves, anti-money laundering, and user verification, causing some industry hesitation.

Cz’s Post-Binance Journey: From Prison to Blockchain Mentorship

Cz resigned as Binance CEO in 2023 after pleading guilty to US money laundering charges. He was imprisoned for four months and was released in September 2024. Despite past legal troubles he remains active in the space, focusing on mentorship and supporting BNB-Chain, an ecosystem now powering over 4,000 blockchain projects.

Though CZ holds a significant share of BNB tokens, he said he doesn’t own equity in most BNB Chain projects. He sees blockchain as still in its early days, comparing its development to the internet in 2000. He believes wider adoption will come as AI-driven tools become commonplace in daily life.

Meanwhile, despite being enthusiastic about crypto’s future, in the same interview, CZ offered a cautionary note on applying old-world terms to new technologies: “If we use an old term like ‘banking’ to describe a new industry, we need to be careful.”

Also Read: ARK Invest Doubles Down on Ethereum, Buys $15.6M Bitmine Shares



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August 29, 2025 0 comments
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Bitcoin
GameFi Guides

Eric Trump At Bitcoin Asia 2025? Hong Kong Officials Say ‘No Thanks’

by admin August 28, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Hong Kong’s Bitcoin conference has become a test of politics and optics rather than just a meeting for crypto fans.

Officials Drop Out After Speaker Confirmation

According to reports, two local figures quietly pulled out of Bitcoin Asia 2025 after Eric Trump – son of US President Donald Trump – was listed as a speaker.

Eric Yip Chee-hang of the Securities and Futures Commission and lawmaker Johnny Ng Kit-chong withdrew from the event lineup, which runs on August 28 and 29.

Organizers declined to say if the changes were forced, but sources told the South China Morning Post that officials were urged to skip the conference if Eric Trump appeared.

A Hong Kong official and a lawmaker have withdrawn from a Bitcoin Asia conference in the city following advice not to engage with Eric Trump, son of President Donald Trump, the South China Morning Post reported. https://t.co/FvgpBoyn77

— Bloomberg (@business) August 28, 2025

A Delicate Balance Between Trade And Appearances

Hong Kong’s leaders are juggling big goals. The city wants foreign crypto firms and is promoting rules meant to attract them.

At the same time, ties between the US and China are strained. Tariffs on Hong Kong exports are at 145%, a figure that some officials see as a reminder to be cautious about public associations.

Lau Siu-kai, an adviser to a Beijing-linked think tank, said the withdrawals avoid any sense of taking sides with Washington during a sensitive time.

US Connections Draw Attention

Eric Trump is scheduled for two sessions, titled “All in on Bitcoin” and “Bitcoin Takes Over the World.” He co-founded American Bitcoin and has links to World Liberty Financial, according to public filings and past coverage.

BTCUSD trading at $113,234 on the 24-hour chart: TradingView

With US President Donald Trump back in the White House and pushing crypto-friendly rules, the family’s moves are being watched more closely than before.

Some attendees say his name will still draw crowds. Others worry it will keep the focus off technology.

Local Voices Push Back On Political Framing

Joshua Chu of the Hong Kong Web3 Association told reporters that the walkout looked like personal choices, not a political purge.

He argued that Eric Trump’s presence underlines Hong Kong’s role in crypto. Still, several people at the scene said that political considerations were unavoidable.

The event, now in its second edition this year, was meant to highlight panels on tokenization and funding, but the headlines have shifted.

How Policy Fits Into The Picture

Hong Kong recently rolled out a revised Digital Assets Policy and a stablecoin ordinance on August 1 as part of a push to make the city friendlier to virtual assets.

That push is ongoing. Organizers say the conference will continue, with some sessions kept intact and others quietly reshuffled.

The meeting will likely show how far officials are willing to separate tech outreach from larger state-to-state tensions.

Featured image from Mandel Ngan/AFP/Getty Images, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.





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August 28, 2025 0 comments
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Hong Kong Firm Stock Jumps On $483M Bitcoin Acquisition Plan
Crypto Trends

Hong Kong Firm Stock Jumps On $483M Bitcoin Acquisition Plan

by admin August 21, 2025



Nasdaq-listed Hong Kong construction firm Ming Shing Group Holdings said Wednesday it has entered into an agreement to acquire 4,250 Bitcoin for nearly $483 million, joining the wave of companies adding the cryptocurrency to their treasuries.

If successful, the deal would make Ming Shing Hong Kong’s top Bitcoin (BTC) treasury according to BitcoinTreasuries.NET data, surpassing even Buyaa Ineractive International with its 3,350 BTC as Bitcoin and crypto adoption take the corporate world by storm.

“We believe the Bitcoin market is highly liquid and the investment can capture the potential appreciation of Bitcoin and increase the Company’s assets,” Wenjin Li, CEO of Ming Shing, said.

Ming Shing’s financials show it has been under pressure, with a negative profit margin of -3.9% in 2025 and a $5.35 million loss before interest and taxes, according to Stock Analysis data.

Related: The Bitcoin treasury model is breaking, but Strategy’s isn’t. Here’s why

Ming Shing will not pay cash for the BTC. Instead, it plans to issue 10-year, 3% convertible notes (convertible at $1.20/share) and 12-year warrants covering a total of 402,467,916 shares (exercisable at $1.25/share).

Two British Virgin Islands-based firms are involved. Winning Mission Group is selling the 4,250 BTC and will receive a $241,480,750 convertible note plus a warrant for 201,233,958 shares. Rich Plenty Investment will receive the same package from Ming Shing and issue a promissory note to Winning Mission for 2,125 BTC.

Massive potential dilution for shareholders

The structure could sharply dilute Ming Shing’s existing shareholders. The company currently has fewer than 13 million shares outstanding. If the convertible notes are exercised but warrants remain unexercised, the share count would jump to more than 415 million, leaving current shareholders with about 3.1% ownership.

In a worst-case scenario — if all notes, warrants and accrued interest were converted — Ming Shing’s share count could rise to nearly 939 million, reducing current holders to about 1.4% ownership. The transaction also depends on shareholder approval to authorize more shares, since the company currently has only 100 million authorized.

Related: 10 public companies that quietly turned their balance sheets into Bitcoin treasuries

According to Google Finance data, Ming Shing stock spiked sharply on the news, despite trading bearishly over the longer term. The company’s stock has faced steep declines over the past year, losing 70.5% in value, including a 44% drop in the past month and 24% over the past five days.

The initial upward price movement reached $2.15 on Wednesday, but most of the gains were lost on the same day. Still, at Ming Ching’s current price of $1.65, the stock is nearly 11.5% up on Thursday.

Ming Shing Group Holdings Ltd 24-hour price chart. Source: Google Finance

Hong Kong pushes deeper into crypto

The announcement comes as Hong Kong continues its push to become a digital asset hub. Regulators approved spot Bitcoin and Ether exchange-traded funds in April 2024 and issued the first crypto asset service provider licenses earlier this year.

In February, the Securities and Futures Commission (SFC) introduced the “ASPIRe” roadmap to guide local regulation. Earlier this month, the SFC finalized a stablecoin ordinance criminalizing unlicensed issuers and issued new custody guidance for crypto companies.

Reports this week also indicated that CMB International Securities, a subsidiary of one of China’s top banks, had begun offering virtual asset trading services in Hong Kong.

Magazine: Bitcoin OG Willy Woo has sold most of his Bitcoin: Here’s why



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August 21, 2025 0 comments
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