City Hong Kong Financial News
07.10 / 07:39
Hong Kong Crypto
Hong Kong Looks to Curb Retail Stablecoin Trading Amid Crypto Adoption
Hong Kong is considering measures to restrict retail stablecoin trading for individual investors in response to the increasing adoption of cryptocurrencies, as stated by a local official. It is important to note that retail stablecoin trading is currently not permitted in Hong Kong.
06.10 / 10:53
Government
Stablecoin
regulation
Bitcoin
NOT
Retail stablecoin trading in Hong Kong not allowed yet, official says
As Hong Kong progresses with the adoption of cryptocurrency trading for individual investors, a local official stressed that retail stablecoin trading is not yet allowed.
05.10 / 21:31
05.10 / 17:21
crypto regulation
JPEX scandal
JPEX Scandal Sparks Creation of Hong Kong Police Crypto Crimes Group
On October 4, the Securities and Futures Commission (SFC) of Hong Kong, in collaboration with the Hong Kong Police, announced the formation of a special group to monitor and investigate crimes related to crypto exchanges.
05.10 / 15:17
Tether
Bitfinex
USDT
DApp
IOTA
Police
Financial
Today in Crypto: A US FTX Team Found Backdoor to Alameda Months Before Collapse, Hong Kong Financial Watchdog and Police Form Task Force to Investigate Suspicious Crypto Activity
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________
05.10 / 10:41
Adoption
settlement
Blockchain Adoption: Hong Kong Exchange Launches New Settlement Platform to Connect with Users in China
Hong Kong Exchanges and Clearing Limited (HKEX), which operates a range of equity, commodity, fixed income, and currency markets, has unveiled an equities settlement acceleration platform called "Synapse."
05.10 / 08:49
UPS
Provident
Platform
Synapse
2020
settlement
HKEX Unveils 'Synapse' Platform Using Smart Contracts for Enhanced Equities Settlement
On Wednesday, October 4, Hong Kong Exchanges and Clearing Limited (HKEX) introduced an upgraded version of its Stock Connect program called "Synapse."
05.10 / 08:29
Blockchain
Adoption
Funding
Venture Capital
Hong Kong crypto VC opens $100M fund for Asian blockchain startups
Hong Kong-based crypto-focused venture capital firm CMCC Global has raised $100 million aimed at supporting Asian blockchain startups.
05.10 / 04:59
crypto regulation
JPEX
Hong Kong Crypto Exchange JPEX Launches DAO Stakeholder Dividend Plan Amid Scandal and Arrests
Hong Kong's troubled crypto exchange JPEX has announced plans to move forward with its DAO Stakeholder Dividend Plan.
05.10 / 03:00
business
Law
regulation
exchanges
saga
Hong Kong police, regulator form crypto task force as JPEX saga unfolds
The Hong Kong Police Force (HKPF) and the Securities and Futures Commission (SFC) have set up a crypto-focused working group to deal with illicit crypto exchange activities.
04.10 / 21:51
Blockchain
Provident
show
country
innovations
CMCC Global Splashes $100 Million on Blockchain Fund Focused on Asian Startups
Asia-based blockchain venture capital (VC) firm CMCC Global has announced the launch of its Titan Fund, committing $100 million to support blockchain startups in the region.
04.10 / 19:23
business
Blockchain
settlement
Hong Kong Stock Exchange launches settlement platform powered by smart contracts
Hong Kong Exchanges and Clearing Limited (HKEX), the operator of The Stock Exchange of Hong Kong, Hong Kong Futures Exchange, and London Metal Exchange, is launching a novel equities settlement acceleration platform. Dubbed "Synapse," the platform will utilize smart contracts in the DAML programming language to streamline post-trade flows and enhance operational efficiencies, according to the October 4 announcement.
04.10 / 13:21
regulation
OTC
Investment
Chainalysis
regulatory
Hong Kong Emerging as Crypto Hub Amid East Asia's Regulatory Challenges - Is China Reversing Course?
Although Eastern Asia - once a top market - has seen a decline in crypto activity over the past several years, Hong Kong may provide the region with "a potential tailwind," according to research firm Chainalysis.
04.10 / 07:27
UPS
economy
country
Inside
information
2020
China Evergrande soars after property developer's stocks resume trading
Shares of debt-laden property developer China Evergrande Group have soared after they resumed trading in Hong Kong following a suspension last week
03.10 / 23:21
Blockchain
Provident
Binance
Digital
economy
SoftBank
country
Dirham-Inspired DRAM Stablecoin Listed on Uniswap, PancakeSwap
Swiss-based blockchain firm Distributed Technologies Resources (DTR) has announced the launch of a Dirham-backed stablecoin, DRAM. The token launched today, October 3, 2023.
03.10 / 18:03
Ban
Chainalysis
Hong Kong's Crypto Advancements Could Boost East Asian Crypto Activity, Says Chainalysis Report
A recent report from Chainalysis suggests that Hong Kong could play a significant role in reviving crypto activity in the East Asian region, which has faced challenges due to a China-wide ban on crypto trading activities since 2019.
03.10 / 14:15
Blockchain
Stablecoin
Adoption
defi
UAE dirham stablecoin DRAM launches on Uniswap, PancakeSwap
A former MIT alumnus and SoftBank executive has launched a Dirham-backed stablecoin that aims to give countries plagued by high inflation environments exposure to assets linked to the United Arab Emirates’ native currency.
03.10 / 11:35
Action
VIX
exclusive
information
travelers
Time
Arsenal
Arsenal faces Lens in crucial Champions League match: Time, streaming, and lineup details
Champions League away game of the season, as Mikel Arteta's side travels to Lens on October 3. After a stellar 4-0 home victory against Dutch giants PSV Eindhoven last month, the Gunners aim to continue their impressive form in Europe's premier club competition. However, the busy match schedule poses a challenge for Arteta, as he strives to maintain a balanced squad for various competitions. Here's what you need to know ahead of this crucial match. Kickoff Time and Viewing Information The Lens vs. Arsenal clash will take place at the Stade Bollaert-Delelis in Lens, France, and is scheduled to kick off on Tuesday, October 3, at 9:00 p.m. local time. For viewers around the world, here are the corresponding kickoff times:
03.10 / 06:49
business
Adoption
Investments
data
Hong Kong could be a ‘tailwind’ for lagging crypto activity in Asia: Chainalysis
Recent crypto advancements in Hong Kong could provide a “potential tailwind” to lift crypto activity in the East Asian region, which has mainly suffered from a China-wide ban on trading activities since 2019.
03.10 / 06:03
COST
UPS
Provident
Target
show
reports
Float hopeful Cuscal reveals revenue and cost growth ahead of roadshow
Cuscal, the payment infrastructure business used widely by smaller banks, has lifted its operating income by almost one-third over the past 12 months but says costs are also rising because of staff and technology expenses.
03.10 / 02:21
economy
WhatsApp
stage
reports
China Evergrande seeks to resume trading amid probe
Also Read:Evergrande's billionaire chairman Hui Ka Yan is accused of crimes; stocks remain suspended: What we know so far Chinese authorities are investigating whether Hui attempted to transfer assets offshore while the company was struggling to complete unfinished projects, the Wall Street Journal reported on Monday, citing unidentified people with knowledge of the matter. Evergrande sits at the center of a years-long property crisis that has hurt the Chinese economy and hammered confidence in the housing market.
what's happening in city Hong Kong
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