PANews reported on October 23rd that Moon Inc. (HKEX: 1723), a Hong Kong-listed company, announced the completion of a funding round of approximately HK$65.5 million (approximately US$8.8 million). This round of financing was supported by several Bitcoin mining companies and investors through new shares and convertible bonds. Moon Inc. plans to use the funds for pan-Asian expansion, initially in Thailand and South Korea, and to launch a prepaid card product supporting Bitcoin transactions. The company combines telecom prepaid card distribution channels with blockchain technology, allowing users to purchase, store, and transfer Bitcoin without complex wallet setup. Moon Inc. was previously controlled by Sora Ventures and UTXO Management and was named one of Hong Kong's "Top 10 Innovative Companies" by Capital Magazine.PANews reported on October 23rd that Moon Inc. (HKEX: 1723), a Hong Kong-listed company, announced the completion of a funding round of approximately HK$65.5 million (approximately US$8.8 million). This round of financing was supported by several Bitcoin mining companies and investors through new shares and convertible bonds. Moon Inc. plans to use the funds for pan-Asian expansion, initially in Thailand and South Korea, and to launch a prepaid card product supporting Bitcoin transactions. The company combines telecom prepaid card distribution channels with blockchain technology, allowing users to purchase, store, and transfer Bitcoin without complex wallet setup. Moon Inc. was previously controlled by Sora Ventures and UTXO Management and was named one of Hong Kong's "Top 10 Innovative Companies" by Capital Magazine.

Moon completes $8.8 million in funding, becoming the first Hong Kong-listed company to issue a Bitcoin prepaid card globally

2025/10/23 11:37

PANews reported on October 23rd that Moon Inc. (HKEX: 1723), a Hong Kong-listed company, announced the completion of a funding round of approximately HK$65.5 million (approximately US$8.8 million). This round of financing was supported by several Bitcoin mining companies and investors through new shares and convertible bonds. Moon Inc. plans to use the funds for pan-Asian expansion, initially in Thailand and South Korea, and to launch a prepaid card product supporting Bitcoin transactions. The company combines telecom prepaid card distribution channels with blockchain technology, allowing users to purchase, store, and transfer Bitcoin without complex wallet setup. Moon Inc. was previously controlled by Sora Ventures and UTXO Management and was named one of Hong Kong's "Top 10 Innovative Companies" by Capital Magazine.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Share Insights

You May Also Like

Ethereum’s Vitalik Buterin Gives Shocking Blockchain Warning

Ethereum’s Vitalik Buterin Gives Shocking Blockchain Warning

The post Ethereum’s Vitalik Buterin Gives Shocking Blockchain Warning appeared on BitcoinEthereumNews.com. Ethereum co-founder Vitalik Buterin has cautioned that the blockchain’s cryptographic guarantees stop where external trust begins. On October 26, Buterin explained that even a 51% attack cannot validate an invalid block. This means that even if a majority of validators collude or experience a software bug, they cannot seize users’ funds or forge transactions. Sponsored Sponsored Buterin Reignites Debate Over a Blockchain Validators This is because each blockchain node independently verifies new blocks and automatically rejects any that break the protocol’s rules. This decentralized verification protects Ethereum from false ledger entries, even under majority control. However, Buterin emphasized that this security guarantee only applies to the blockchain’s protocol. According to him, the moment users rely on validators for tasks outside that framework—such as bridging assets, verifying real-world data, or confirming off-chain events—they enter a zone where trust replaces math. In that realm, if 51% of validators agree on a false statement, the network itself offers no recourse. Regular reminder: A key property of a blockchain is that even a 51% attack cannot make an invalid block valid. This means even 51% of validators colluding (or hit by a software bug) cannot steal your assets. However, this property does not carry over if you start trusting… — vitalik.eth (@VitalikButerin) October 26, 2025 Buterin’s remarks have reignited debate within the developer community. Many are now questioning how much control validators should hold as blockchains adopt complex features like bridges, oracles, and off-chain attestations. Sponsored Sponsored Polygon’s Chief Technology Officer, Mudit Gupta, supported the warning. However, he explained that while validators can’t alter Ethereum’s state, they can “steal money” through maximal extractable value (MEV) or even enforce censorship. Meanwhile, others disagreed with Buterin’s position. Seun Lanlege, co-founder of Polkadot’s Hyperbridge, argued that validator influence runs deeper. He warned that a malicious majority could…
Share
2025/10/26 22:30