Topic

Bitcoini

Bitcoin, released to the world in 2009 by a person or people called Satoshi Nakamoto, is not backed by a central bank or a government and is seen as an alternative payment system. In February 2013, Bitcoin went into the mainstream as a monetary crisis threatened to bankrupt Cyprus, seen as a safer bet. Early adopters of Bitcoin have been richly rewarded as the price has soared – in one case, a young Norwegian bought a house from an $850,000 windfall on a US$22 investment.

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Proposals allowing retail investors to trade in big-cap cryptocurrency tokens on licensed platforms with regulatory oversight would enhance the city’s reputation for prudent financial innovation.

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In light of the cryptocurrency industry’s crisis, insiders can no longer claim they are above regulation or that governments just don’t ‘get it’. The hype has turned out to be just like any other financial manias of the past

  • After cutting costs throughout 2023, Hex Trust sees the cryptocurrency market’s revival ‘directly translating into profitability’ for the firm
  • Hex Trust chief executive Alessio Quaglini said the company also plans to start discussions on a new funding round

Mainland cryptocurrency investors made US$1.15 billion in 2023 to rank fourth behind those in the US, the UK and Vietnam, according to a Chainalysis survey.

Australian computer scientist Craig Wright has been accused of lying about his identity to bully and intimidate developers in the cryptocurrency community.

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The world’s most valuable cryptocurrency has been boosted by a flood of cash into new spot bitcoin exchange-traded funds and hopes that the US Fed will soon cut rates.

The 2025 Consensus, one of the world’s biggest cryptocurrency-themed conferences, will be held in Hong Kong as the city’s government woos global virtual asset businesses in an effort to become a hub.

Blockchain is shaking up the financial sector and, given the popularity of bitcoin exchange-traded funds, regulators will need to step up their game when it comes to consumer protection and oversight, says the president and chief executive of fund manager Franklin Templeton.

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The increased interest in bitcoin reflects how a community of cryptocurrency enthusiasts on the mainland continues to thrive, despite a sweeping government ban.

Readers discuss Hong Kong’s strong track record of getting back on its feet, the international media narrative around the city, and what to make of the divine guidance offered by the Che Kung Temple.

Bitcoin jumped to US$50,000 for the first time in more than two years, staging a remarkable comeback from a series of cryptocurrency industry scandals and bankruptcies that had raised questions about the viability of digital assets.

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The east African nation has emerged as a haven for Chinese bitcoin miners, who were forced out of their home country after Beijing imposed a crypto ban.

Australian computer scientist Craig Wright entered the witness box at the London High Court on Tuesday and testified he was the man behind ‘Satoshi Nakamoto,’ the pseudonym for the creator of bitcoin.

Hong Kong is set to develop a more flexible regime for cryptocurrency exchange-traded funds, even though the US leads in both approval speed and market size, according to industry experts.

HashKey is one of the cryptocurrency firms banking on Hong Kong’s push to embrace the virtual asset industry, even as public perception of the sector plunged following the FTX and JPEX scandals.

The successful US launch of spot bitcoin exchange-traded funds is expected to help move Hong Kong regulators closer to authorising similar cryptocurrency funds to operate in the city.

US regulators for the first time approved ETFs that invest directly in bitcoin, a move heralded as a landmark event for the roughly US$1.7 trillion digital-asset sector.

US authorities are investigating how the @SECGov’s account was compromised by ‘an unknown party’ to say that bitcoin exchange-traded funds were approved.

In 2023, 17 jurisdictions including Hong Kong, the EU, South Korea, Singapore, and the US, tightened cryptocurrency regulations, according to a report by TRM Labs.

The Shanghai Municipal Tax Service’s explainer became widely circulated on Sunday after some local crypto enthusiasts suggested that authorities are starting to acknowledge the legitimacy of cryptocurrencies.

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Low taxes, ease of setting up businesses, a dedicated regulator and access to international markets such as Asia and Europe are driving the wave of Indian cryptocurrency firms towards Dubai.

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Twins Tyler and Cameron Winklevoss’ Gemini Trust was one of three companies accused of concealing losses and defrauding investors to the tune of US$1 billion this year – so what went wrong?

Experts say there are benefits to Hong Kong regulators’ cautious approach to stablecoin regulation, but some fear it will put off big market players.

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This initiative shows Hong Kong policymakers’ determination to rebuild investor confidence in virtual assets, following a number of major financial scandals involving cryptocurrencies.

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Binance workarounds allow mainland Chinese traders to sign up by listing their location as Taiwan, betraying the market’s importance to the world’s largest crypto exchange.

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