City Hong Kong Financial News

25.11 / 20:51

business defi DAO Amber Group's co-founder Tiantian Kullander passes away at 30

Amber Group's co-founder Tiantian Kullander, also known as TT, unexpectedly passed away in his sleep on Nov. 23, according to the company's official website. Tiantian was 30 years old and leaves behind a wife and a son.

24.11 / 17:53

Activist investor Bill Ackman is shorting the Hong Kong dollar

Bill Ackman, the activist investor, said his hedge fund Pershing Square has built a short position on the Hong Kong dollar.

23.11 / 16:15

Citi CBDC Digital Hong Kong Preparing to Join Digital Yuan Pilot, Extend ‘Cross-border’ Reach

Mainland China and Hong Kong are set to co-launch the digital yuan’s first cross-border pilot project – as the People’s Bank of China (PBoC)-led project edges ever-closer to roll out.

22.11 / 11:57

Stablecoin Adoption Central Bank Terra Usd Hong Kong believes stablecoin volatility can spillover to traditional finance

The fall of crypto giants this year reignited questions about the stability of cryptocurrencies and their impact on fiat ecosystems. Hong Kong Monetary Authority (HKMA) assessed the situation and found that the instabilities of crypto assets, including asset-backed stablecoins, can potentially spill over to the traditional financial system.

18.11 / 16:03

business FTX FTX market aftershock reportedly causes Genesis Block to cease trading in Hong Kong

In the wake of the recent FTX scandal, another crypto business is feeling the market effects. Genesis Block, a frontrunner for providing cryptocurrency retail services in Hong Kong, announced it will cease trading and shutter operations, according to reports.

18.11 / 13:47

Reuters CEO Fallout Portal Genesis Block to shutter trading portal amid FTX fallout

In an email to customers, Genesis Block requested individuals withdraw all their funds, and that they will not be accepting new customers.

17.11 / 18:19

Law Adoption Asia Could Hong Kong really become China’s proxy in crypto?

With its partial autonomy, the island city of Hong Kong has traditionally served as “a gate to China” — the local trade center, backed by transparent English-style common law and an openly pro-business government strategy. Could the harbor, home to seven million inhabitants, inherit this role in relation to the crypto industry, becoming a proxy for mainland China’s experiments with crypto?

17.11 / 15:19

Ethereum Lowe's Maxim Interface Candy Club Integrates with OKC (OKX Chain) Ecosystem

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

14.11 / 14:55

Binance Digital CEO Platform NOT Government Official: FTX Collapse Will Not Stop Hong Kong Becoming Virtual Asset Hub

The abrupt collapse of major crypto exchange FTX has shaken the cryptocurrency markets across the world, but it wil not hamper Hong Kong’s plans of establishing itself as a crypto hub, according to the city’s Financial Secretary Paul Chan.

13.11 / 14:39

Government Adoption regulation Hong Kong to avoid FTX-like scenario through transparency and supervision

Just days after Binance CEO Changpeng “CZ” Zhao warned about the onset of greater regulatory scrutiny amid the FTX collapse, the Financial Secretary of Hong Kong called for a stronger focus on transparency and proper supervision when dealing with virtual assets.

08.11 / 17:53

BTC ETF Bitcoin Etf Hong Kong Regulator Set to Allow Retail Investors Access to BTC, Ether ETFs

Hong Kong’s top securities regulator has suggested it will go ahead with plans to allow retail investors to access exchange-traded funds (ETFs) that track cryptoasset futures.

02.11 / 12:47

business regulation Huobi Caribbean Huobi Global reportedly plans relocation to the Caribbean

Chinese crypto exchange, which recently has had to disavow the rumors about massive layoffs inside the company, unveiled the plans to move its headquarters to one of the jurisdictions in the Caribbean, with Dominica being the first candidate.

01.11 / 13:19

Blockchain Stablecoin regulation Chinese central bank exec says digital yuan will offer ‘controllable anonymity’

Chinese central bank governor Yi Gang, in a recent speech at Hong Kong Fintech Week, talked about the progress of their national digital currency called the digital yuan. He outlined the progress and the adoption of the national digital currency.

01.11 / 09:35

Cardano Launch Nifty News: GameStop NFT market goes live, Hong Kong’s NFT concept and more

The nonfungible token (NFT) marketplace for American video game retailer GameStop has officially gone live on Ethereum (ETH) layer 2 blockchain ImmutableX, all part of the latest Web3 push from the gaming retailer.

01.11 / 00:38

ETF Investments SEC guidelines Financial crypto futures Hong Kong financial regulator issues guidelines for crypto futures ETFs

The Securities and Futures Commission of Hong Kong has set up requirements for entities considering a public offering of an exchange-traded fund (ETF) tied to cryptocurrency futures.

31.10 / 19:09

Ethereum Crime ETF Bitcoin Crypto News Summary: Asian Banking Giant Joins Singapore’s CBDC Effort, Hong Kong to Launch Crypto ETF, Argo Blockchain May Be Forced to Shut Down

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

31.10 / 10:25

FinTech Hong Kong Proposes Allowing Retail Investors To Trade In Cryptocurrencies

The government will also review property rights for tokenised assets.

31.10 / 07:57

cryptocurrency Hong Kong proposes allowing retail trade in cryptocurrencies

Hong Kong's government has proposed allowing retail investors to trade in cryptocurrencies and crypto exchange-traded funds – a move it hopes will help it rebuild its fintech hub status.

27.10 / 16:15

Arthur Hayes bull market Billionaire Arthur Hayes Says Bull Market Will Return When This Happens

Arthur Hayes, a prominent American banker, entrepreneur, and former CEO of crypto derivatives giant BitMEX, has speculated that the next crypto bull run will kick off when China eases its stance toward the crypto market.

27.10 / 11:35

business Adoption Crypto investment firm Q9 gets provisional approval to operate in Dubai

A Hong Kong-headquartered crypto investment platform, Q9 Capital, received provisional virtual asset approval from Dubai’s Virtual Asset Regulatory Authority (VARA). The company announced its expansion to the UAE and applied for a full operating license as well.

26.10 / 23:33

Adoption wholesale BIS releases full report on mBridge wholesale CBDC platform after successful pilot

The Bank for International Settlements (BIS) has released the full details of its mBridge pilot project to use central bank digital currencies (CBDCs) for foreign exchange. Commercial banks in four jurisdictions made cross-border transfers using CBDCs and distributed ledger (blockchain) technology in the project, which was heralded as a success.

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