Binance Receives Cyber Security Professional Award From Hong Kong Authorities
Main TakeawaysThe Cyber Security Professional Awards is Hong Kong's landmark cyber security awards ceremony. Its fourth iteration was held on February 29, 2024.During the ceremony, Binance received the Merit Award under the banking and finance category, being the only Web3 representative to receive this honor from the Hong Kong Police Force this year.Binance's expertise and continued efforts in assisting Hong Kong law enforcement agencies in the fight against virtual asset crimes has been recognised and commended.Binance has been presented the Merit Award during the Hong Kong Cyber Security Professional Awards ceremony, recognizing its contributions in assisting the Hong Kong Police Force (HKPF) in combating virtual asset-related crimes. Binance was the only Web3 company to have been presented the Merit Award under the banking and finance sectors.ย Jointly organized by the HKPF, the Government Computer Emergency Response Team Hong Kong (GovCERT.HK), and the Hong Kong Computer Emergency Response Team Coordination Centre (HKCERT), the event brought together cyber security experts from various relevant sectors.Police Officers from Hong Kong Cybersecurity and Technology Crime Bureau and representatives from Binanceโs Investigation teamRecognizing ExpertiseLaunched in 2016, the Cyber Security Professional Awards is Hong Kong's premier cyber security awards ceremony, recognizing the outstanding achievements and skills of cyber security professionals across different industries. Binanceโs commitment to cooperating with Hong Kong law enforcement officials, as well as its assistance to the HKPF in dealing with virtual asset-related crimes, has won the recognition of this year's selection committee.A representative of the Hong Kong Police Force said: โWith the advent of the digital age, there have been concerns about the latest developments in crime trends. We believe it is crucial to increase cooperation with stakeholders in the industry and strengthen the effectiveness of law enforcement to combat crime through resource sharing, intelligence exchange, and talent cultivation. We are grateful to Binance for its support in enhancing the ability of law enforcement officers to combat criminals. We will continue to communicate and cooperate with industry experts to ensure the continued security of cyberspace.โMr. Siu Chak-Yee, Commissioner of Police of HKPF with representatives from Binanceโs Investigation team, Carlos MakCollaboration Is Key to Web3 SecurityCarlos Mak from Binanceโs Investigations team, said: "I am honored to have received this award on behalf of Binance, and it serves as an important recognition of our commitment and efforts to secure Web3 networks. Close collaboration with law enforcement authorities is an integral part of Binanceโs efforts to eradicate criminals in the industry, and we are driven to work alongside Hong Kong law enforcement officers to strengthen cyber security. In the future, Binance will continue our efforts to bolster global Web3 security and build a trustworthy Web3 ecosystem.โAs an organization dedicated to maintaining user protection, Binance has one of the strongest financial crime compliance departments in the industry. Binance has played a key role in solving multiple major international cases and has worked with law enforcement agencies worldwide to share expertise in combating virtual asset-related crimes. These efforts have contributed to the creation of a safer virtual asset space today. According to Chainalysisโ 2024 Crypto Crime Report, the total value of virtual assets received by illicit addresses showed a considerable decline between 2022 and 2023, from $39.6 billion to $24.2 billion. This trend was also visible in the share of illicit crypto transactions in the overall transaction flowย going down from 0.42% to 0.34% between 2022 and 2023.Previously, Binance was also invited to participate in various activities organized by the Hong Kong Police Force, including the International Forum on Cyber Policing (ISCP), the Virtual Asset Investigation Course, and the Commercial Crime Advanced Course, which were well received by law enforcement officers.Further ReadingAbove and Beyond for Users: How Binance Helps Tackle Crime On - and OfflineBinance Shares Cyber-Policing and Investigative Expertise With INTERPOLDaily Life of Binance Investigators
IPX Unveiled Its First PFP Project โWADESIDEโ, Elevating the Dynamics Between Authentic IP Activi...
Seoul, South Korea, February 27th, 2024, Chainwire
IPX Unveiled Its First PFP Project โWADESIDEโ, Elevating the Dynamics Between Authentic IP Activities and NFT Value Growth
IPX launches WADESIDE, its digital artist WADEโs first PFP project consisting of 13,333 pieces, through industryโs first INO (Initial NFT Offering) with bucket auction for corporations and the public throughout the year with CRIPCO, the global blockchain and NFT company
According to the company, the private auction which has been held for 5 days from Feb.22 has raised record-breaking amounts with participation from high-profile Web3 firms including Animoca Brands, Chiru Labs, and Phaver while public release starts from Feb.28 followed every week
Launched in 2022, WADE F&F Membership NFTsโ prices in this January recorded approx. 240x higher compared to initial minting, validating authentic IP activities as catalysts for NFT value growth โ per the companyโs statement
The new WADESIDE project was highlighted as โone of the most anticipated PFP projects of the yearโ by major global NFT alpha groups and communities even before its launch
IPX elevates WADEโs digital artist identity to maximize IP value in both Web 2 and Web3, and WADESIDE offers benefits encouraging collaborative growth between the IP and the fans
Digital IP entertainment company IPX (formerly LINE FRIENDS) announced the launch of its first PFP (Profile Picture) project, โWADESIDEโ, through its partnership with CRIPCO, a global blockchain and NFT company.
Since the release of the WADE F&F membership NFT in September 2022, IPX has been building trust and a strong bond with holders by closely communicating with them and consistently showcasing WADEโs performances as a digital artist. Despite the volatile market conditions, the NFT prices have steadily increased, reaching approximately 240 times the initial minting price as of January, per the companyโs statement. IPXโs commitment to sustained and authentic IP activities has demonstrated a correlation with the surge in NFT values, even during the โcrypto winterโ.
The โWADESIDEโ project, created based on the digital artist IP WADE on the Ethereum blockchain, introduces a total of 13,333 profile pictures (PFP) NFTs sequentially. It employs the industryโs first INO (Initial NFT Offering) system, featuring a bucket auction sales method that will take place every week throughout the year, targeting corporations, in addition to the public.
IPX completed the pre-sale of 1,916 NFTs through a private auction to companies and whitelists from February 22 to 27. According to the company, global Web3 giant firms and projects such as Animoca Brands, Azuki, Sappy Seals, Phaver and Mocaverse participated in the auction, raising record-breaking amounts in total in five days, proving the industryโs strong interest. The remaining NFTs, except for some NFTs that have been airdropped to existing WADE membership NFT โWADE F&Fโ holders, will be sold through weekly auctions in the next 43 weeks to the public starting from February 28.
WADESIDE has attracted several reputable companies in its pre-sale and has garnered attention as โone of the most anticipated PFP projects of the yearโ in key alpha groups and communities in the NFT circle on Discord and X (formerly Twitter). The project has garnered substantial attention on itโs online communities and many participants in the cryptocurrency ecosystem are waiting for itโs launch.
โIPXโs NFT business is not merely a means to generate instant profits, but an integral part of our IP business aimed at sustainable growth of IPs. That is why we want to extend the WADE IP, which has been building influence by communicating with fans in the music, fashion, and art scene, to the Web3 as NFTs.โ said an IPX official, โWADESIDE is a unique project that benefits fans who recognize the value of WADE as an artist. We anticipated it to be a project where the IP and fans grow together.โ
Meanwhile, WADE has showcased impressive collaborations with high-end fashion brands such as PEACEMINUSONE, SAINT MXXXXXX, Valentino, and more, both virtually and in real life. WADE has also established his online and offline influence as a digital artist, by hosting pop-up (IRL) events for WADE F&F holders and business partners, presenting his works at the โO! Leica 2022โ photo exhibition as the first virtual artist and presenting as a digital ambassador for Sneakers Unboxed Seoul. This year, WADE will continue to release digital music, participate in cultural and arts festivals, and collaborate with renowned brands in various fields. According to IPX, this shall start with participation in the AIRLESS GEN1 brand campaign with Wilson, the official ball manufacturer of the NBA.
Detailed information about โWADESIDEโ can be found on the website: https://mint.wade.club/ย
Bucket Auction
In a bucket auction, participants bid with Ethereum for each NFT, and winners and losers are determined by the clearing price, which is determined at the end of the auction. The floor price is calculated by dividing the final amount that would be raised by the number of NFTs sold.
About IPX (F.K.A LINE FRIENDS)
IPX is the new corporate name of LINE FRIENDS, a global character brand that originally started from Original Characters including BROWN, CONY, SALLY created for use as stickers for the leading mobile messenger app LINE and its 200 million active users worldwide. IPX recently announced a new business strategy that it would accelerate the global expansion of its IP businesses by diversifying its IP portfolios targeting all ages and advancing its digital and retail business. IPX has carried out its IP-based business by partnering with global companies including Netflix (original animated series), SUPERCELL (Brawl Stars), and NEXON (KartRider), while it has created popular IPs including digital artist โWADEโ, โBT21โ (BTS), โTRUZโ (Treasure) and broadened their boundaries to virtual influencers to win the hearts of over 40 million Millennials and Generation Z worldwide. IPX currently operates in 17 markets worldwide including Seoul, New York, LA, Tokyo, and Shanghai, and operates in 16 online sales platforms.
Contact
Ron Hanron.han@hillandknowlton.com
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