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Cryptocurrency

Cryptocurrency
News and analysis about non-fiat, decentralised assets used as digital currencies, including bitcoin, ether, altcoins and stablecoins.
The US SEC has dropped its enforcement case against cryptocurrency exchange Binance. Photo: Reuters
Blockchain

‘A huge win for crypto’: US dismisses lawsuit against Binance

The dismissal marks a dramatic shift in the SEC’s regulatory stance on cryptocurrency under US President Donald Trump.

Blockchain

OKX sees tipping point for blockchain tech amid rising crypto sentiment

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Digital currencies

Vance says US should leverage bitcoin as strategic asset against China

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Digital currencies

Hong Kong’s crypto industry optimistic about stablecoin ‘legal clarity’

Animoca chairman Yat Siu said Hong Kong has ‘leapfrogged’ the US with its new stablecoin law, but experts warn of high short-term costs.

Hong Kong passed a bill on May 21 to regulate stablecoins. Photo: Shutterstock
Bitcoin

Explainer | What to know about stablecoins in light of new Hong Kong regulation

Five key questions about the stablecoin cryptocurrency token are answered.

China’s crackdowns

China’s internet watchdog cracks down on false financial claims, stock touting

Top cybersecurity agency shuts down more than a dozen social media accounts amid growing concerns over finance influencers.

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Digital currencies

After Trump crypto dinner, Justin Sun celebrates ‘strong signal’ to the industry

The Tron founder, with the largest holding of the $TRUMP memecoin, tells the Post that he sees recent US crypto moves affecting China.

Justin Sun attends the gala dinner for crypto investors held by US President Donald Trump at his golf club in Washington. Photo: Justin Sun
Banking & finance

Opinion | For central bankers, gold’s safe-haven status has never looked better

Those considering other currencies or methods of payment as alternatives to the US dollar are simply looking in the wrong place.

Donald Trump

Trump hosts memecoin dinner, mixing presidency with crypto interests

Some 220 of the biggest investors in the $TRUMP memecoin were invited to Trump’s luxury golf club for event.

Blockchain

Bitcoin hits record high as US-China trade tensions ease

‘A target of US$150,000 in 2025 is still very much on the cards,’ one analyst says.

A cryptocurrency exchange office in Hong Kong with a screen featuring US President Donald Trump. Photo: AFP/Getty Images/TNS
Hong Kong Monetary Authority (HKMA)

Hong Kong passes stablecoin law, clearing way for sales to public

Law sets up a ‘risk-based, pragmatic, and flexible regulatory regime’ with public protection in mind, head of city’s monetary authority says.

A view of Hong Kong’s Legislative Council Complex at Tamar in Admiralty on March 8, 2024. Photo: Jelly Tse
Hong Kong economy

Opinion | Cryptocurrencies are emerging as ‘digital gold’ in a shaky world economy

Demand is growing for borderless, neutral financial tools in a fragmenting world economy, with rising tariffs and alliances under strain.

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Donald Trump

Trump’s memecoin dinner made him millions. Critics call it cash for access

The US president and his allies pocketed US$320 million in trading fees, as the cryptocurrency $TRUMP surged in value ahead of the dinner.

Crime in Hong Kong

Hong Kong police smash cross-border syndicate that laundered HK$118 million

Twelve arrested in operation as authorities seek tougher action on fraud-related cases involving renting or selling personal bank accounts.

(From left) Chief Inspector Lo Yuen-shan, Superintendent Kwok Ching-yee and Senior Inspector Tse Ka-lun pose with items seized during an operation on Thursday. Photo: Nora Tam
Blockchain

Crypto exchange Coinbase warns of US$400 million hit from cyberattack

Hackers have paid multiple contractors and employees working in support roles outside the US to collect information, the company says.

The Coinbase logo seen in New York’s Times Square. Photo: AP Photo
Hong Kong property

Meitu founder’s wife buys Hong Kong luxury home for US$60 million

Wang Baoshan paid 22 per cent less than the asking price for the 5,466 sq ft detached house at 8 Perkins Road.

Digital currencies

Trump’s crypto ‘reset’ cheered by industry calling for more regulatory clarity

US crypto investors contributed millions of dollars to Trump’s election victory and did not conceal lingering contempt for Biden at Consensus.

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Digital currencies

Bitcoin gains as crypto investors bet on positive US-China trade talks

The rally followed news that the US treasury secretary and trade representative will meet with the Chinese government in Switzerland this week.

An employee watches an electronic signboard displaying the prices of bitcoin and other cryptocurrencies at the lounge of Bithumb cryptocurrency exchange in Seoul on November 21, 2024. Photo: AP
France

Kidnapped father of crypto-millionaire freed in French police raid, 7 arrested

Suspects had chopped off one of the victim’s fingers and demanded between US$5.7 million and US$7.9 million from his son, authorities said.

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Hong Kong property

Meitu founder buys Hong Kong’s Ginza-style building for US$84 million

Meitu founder invests US$84 million in Hong Kong property to create a crypto/AI start-up hub.

Digital currencies

Hong Kong ranks as second-most crypto-friendly city in the world in new index

The city is just behind Ljubljana, capital of Slovenia, in an evaluation based on factors such as regulation, taxes and wealth.

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An image of US President Donald Trump seen next to a bitcoin ATM in Hong Kong on April 9. Photo: AFP
Bitcoin

Bitcoin, ether rout extends as tariff war pain batters cryptocurrency assets

Cryptocurrency investors appear to be in full ‘sell mode’, according BTC Markets analyst Charlie Sherry.

About US$758 million worth of cryptocurrency wagers were liquidated in the past 24 hours, the most in nearly six weeks, according to Coinglass data. Photo: Shutterstock
Blockchain

Hong Kong lawmaker calls for support of Web3 sector as Tron founder flags fraud

The call comes after cryptocurrency mogul Justin Sun denounced alleged ‘loopholes’ in Hong Kong’s trust regulations.

Artificial intelligence

Hong Kong crypto firm HashKey jumps on AI bandwagon, joining Web3 players

HashKey’s first AI product is designed for content moderation, but it envisions a future of AI agents trading on blockchain on behalf of users.

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Bitcoin

Bitcoin, other cryptocurrencies succumb to risk-asset slump amid Trump tariffs

For bitcoin, which fell as much as 4 per cent to about US$82,000 on Thursday, US$80,000 is a ‘must-hold’ level, cryptocurrency analysts say.

Bitcoin and other cryptocurrencies have generally traded poorly during periods of volatility, such as the introduction of trade tariffs. Photo: Shutterstock
Bitcoin

US cryptocurrency exchange Coinbase sees worst quarter since FTX collapse

Nearly every major firm linked to cryptocurrencies were hammered this quarter, as concerns about the US economy weighed on digital assets.

Shares of US cryptocurrency exchange Coinbase fell 31 per cent in its worst quarterly performance since FTX collapsed near the end of 2022. Photo: Shutterstock
Fintech

Most memecoins will end up ‘worthless’, Ark Investment CEO Cathie Wood says

Wood pointed out that some of these digital tokens will ‘withstand the judgment of time’, and Donald Trump’s memecoin may be one of them.

US-China relations

‘A geopolitical move’: Trump’s big bet on crypto raises questions for China

China has kept unregulated digital currencies at arm’s length, but the US is going all-in on crypto. Will this big bet give the US dollar new life?

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