Topic
De facto central bank aims for first-mover advantage through blockchain technology, providing welcome lift to Hong Kong’s image as global financial centre
From wealth management to bonds and banking services, mainland China has shown further support for city as a financial hub
Bosera Asset Management, HashKey Capital, Harvest International and ChinaAMC are all working on spot crypto ETFs after the SFC’s first conditional approvals.
Tokenisation has proved to be cheaper, more efficient and better than ‘the old-fashioned way of trading’, Noel Quinn says, but HSBC will stay ‘away from crypto’.
HashKey will facilitate the sale and purchase of Toncoin, the native token of the TON blockchain, which was started by Telegram Messenger.
Crypto industry executives were touting the benefits of bitcoin at the four-day Web3 Festival amid anticipation for the approval of spot ETFs this month.
Vitalik Buterin made a rare last-minute appearance at Hong Kong’s biggest Web3 event for a 20 minute technical talk on blockchain tech.
The numbers do not lie, Hong Kong’s financial regulators told the HSBC Global Investment Summit on Tuesday. The city’s market has shown resilience and competence through several years of economic headwinds.
Hong Kong’s biggest licensed cryptocurrency exchange operator has launched a global trading platform, but it is not available in the US or China.
While there were fewer exhibitors this year, the Web3 Festival has attracted a more international crowd with 80 per cent of participants from outside the city.
Google’s lawsuit shows the continued rise of such scams around the world, which have duped tens of thousands of victims into making investments via fraudulent online platforms.
Tether CEO Paolo Ardoino’s new venture Holepunch has launched a peer-to-peer messaging app called Keet to aid the mission of ‘financial freedom’.
HKVAEX is advising users to withdraw funds this month ahead of its May 1 shutdown, just three months after it submitted an application for a crypto licence.
Customers said they are still owed more than US$19 billion and hoped for a stiffer punishment for the disgraced cryptocurrency mogul.
US District Judge Lewis Kaplan handed down the sentence after rejecting Bankman-Fried’s claim that FTX customers did not actually lose money and accusing him of lying during his trial testimony.
Bitcoin halving, a once-every-four year event baked into the system, will slash the reward that is the main revenue stream for miners.
The Web3 video gaming unicorn has signed an MOU with Saudi Arabia’s state-backed science park, months after a US$50 million investment in its Neom smart city.
People’s Bank of China (PBOC) has named two new academic advisers for its monetary policy committee, which submits advice to the State Council on key moves including interest rate changes and the value of the yuan.
Prosecutors say Wen helped hide the source of money allegedly stolen by mastermind Qian Zhimin from nearly 130,000 Chinese investors in a US$6.3 billion fraud scheme.
The HKMA has been made aware of entities purporting to have been selected to participate in its e-HKD pilot programme, and has reported matter to the police.
Woman, 46, files report to police more than year after being coaxed into transferring money into 15 bank accounts.
Hong Kong’s Global Shipping Business Network has finished a prototype of its first electronic bill of lading in collaboration with Ant Group’s ZAN blockchain unit.
After cutting costs by about 20 per cent throughout 2023, Hex Trust sees the cryptocurrency market’s revival ‘directly translating into profitability’ for the company.
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.
Chan says new or expanded firms, together with 30 companies that made similar moves last year, will invest more than HK$40 billion in the city and create 13,000 jobs.
The Securities and Futures Commission has warned investors about trading on Bybit, which is under scrutiny for offering suspicious virtual-asset products in Hong Kong.
The sentence is necessary for the ‘historic’ fraud involving more than 1 million victims and losses of more than US$10 billion, they said in a court filing.
The HKMA’s new wholesale central bank digital currency project aims to enhance interbank settlements for tokenised money. A planned sandbox will test settlement of tokenised real-world assets.
Chainlink will host its annual SmartCon in Hong Kong this October, an announcement that comes after CoinDesk said it is bringing Consensus to the city next year.
Australian computer scientist Craig Wright has been accused of lying about his identity to bully and intimidate developers in the cryptocurrency community.