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.
The platform aims to help organisations verify the credibility of cross-order data based on the blockchain, enhancing smooth data flows across Greater Bay Area.
Sun confirmed in a tweet that HTX lost millions of dollars in cryptocurrency after a cross-chain bridge attack, weeks after Poloniex was also hacked.
OKX, the world’s third-largest crypto exchange, is the seventh applicant under Hong Kong’s virtual asset licensing regime, a day after Futu-affiliated PantherTrade also applied.
BGX is taking a 30 per cent stake in BC Technology to become the largest shareholder of the owner of one of two licensed Hong Kong crypto exchanges.
The operator of the world’s 12th-largest crypto exchange said its Hong Kong platform BitgetX will shut down on December 13, citing ‘market-related considerations’.
Two US House representatives introduced a bill barring executive agencies from contracting with China-based blockchain firms, which have in turn invited the legislators to examine their code.
The first ApeFest outside New York drew thousands of people from 60 countries, with support from the Hong Kong government, according to Yuga Labs.
Hong Kong officials tout new use cases for blockchain technology at city’s FinTech Week as the SFC unveils new rules for retail access to tokenised securities.
The HashKey Exchange app went live on Wednesday, making it Hong Kong’s first licensed exchange to offer retail trading of bitcoin and ether on mobile.
Under a deal with Neom Company, a Saudi Vision 2030 smart city project, Animoca aims to ‘nurture the local Web3 ecosystem’ amid closer ties between Hong Kong and Saudi Arabia.
Use of virtual banks by residents and small businesses has picked up in Hong Kong, with customers gravitating towards such lenders because of their efficiency and convenience, industry body Hong Kong Association of Banks said on Monday.
Major Web3 events in Hong Kong have been focusing more on Web3 usability and use cases like identification, content ownership and video gaming.
Private firms are exploring tokenisation of real-world assets such as carbon credits as a means to open up niche markets to millions of small retail investors.
HKVAEX, founded last December, shares technical and other resources with Binance, which has routinely participated in public events with the exchange this year.
Getting licensed as a virtual asset trading platform in Hong Kong can cost more than US$7 million, and finding success in the relatively small market is not guaranteed.
Caroline Ellison said at the fraud trial on Wednesday that the collapse of FTX had lifted the ‘dread’ hanging over her.
The AI industry offers the highest average salary for university graduates in China, followed by blockchain, according to a report by recruitment platform Liepin.
There were early red flags over cryptocurrency platform at the centre of HK$1.5 billion fraud scandal, says YouTuber.
Readers discuss the challenges governments face in bringing cryptocurrency gains into the tax net, the financial costs of junk calls, a scheme to attract talent to the city, and the use of the Fanling golf course.
A group of 10 cryptocurrency industry executives, including Animoca Brands co-founder Yat Siu, has published a public letter endorsing the government’s commitment to Web3.
The Nostr social media protocol has elicited such enthusiasm in users that there are dedicated podcasts, newsletters and conferences, including in Hong Kong.
CMCC Global, a Hong Kong-based venture capital firm, has raised US$100 million for a new fund aimed at backing Asian blockchain start-ups amid Hong Kong’s virtual asset push, despite the recent JPEX scandal.
Cryptocurrency trading volume was down in mainland China, Hong Kong, South Korea and Japan in the year through June, according to Chainalysis.
The world’s largest exchange says it is selling its Russia business to a newly launched company because ‘operating in Russia is not compatible with Binance’s compliance strategy’.
Four exchanges are HKVAX, HKbitEX, Hong Kong BGE and Victory Fintech – all of which tout their commitment to operating in accordance with crypto regulations.
The theft is the 10th largest crypto hack of all time and the biggest so far in 2023, according to blockchain research firm Elliptic.