City Hong Kong Financial News
16.03 / 13:09
Blockchain
Citi
Provident
CEO
HK
valuation
Hex Trust
HK-Based Hex Trust Raises $88m in Funds, Valuation Touches $300m
Hong Kong-based Hex Trust raised $88 million in Series B funding led by Animoca Brands and Liberty City Ventures, following which it saw its valuation rise to $300 million.
11.03 / 08:27
03.03 / 04:04
business
OTC
Bitcoin
Hong Kong-listed Huobi Tech launches cryptocurrency OTC service
Hong Kong-listed virtual asset platform Huobi Technology Holdings has launched a cryptocurrency over-the-counter (OTC) service, the firm announced to Cointelegraph on Wednesday.
28.02 / 09:43
Manufacturing
Platform
Токены
HANS
Chinese electric car start-up Nio plans to list in Hong Kong on March 10
BEIJING — U.S.-listed Chinese electric car company Nio is set to offer its shares for trading in Hong Kong on March 10, the start-up announced Monday.
25.02 / 09:15
regulation
BitMEX
Money laundering
Arthur Hayes
BitMEX founders plead guilty to Bank Secrecy Act violations
The founders of crypto exchange BitMEX have pled guilty to violating the Bank Secrecy Act after a lengthy litigation process with the U.S. Department of Justice (DOJ).
24.02 / 13:13
Blockchain
Binance
Digital
Platform
Sky Mavis
HK
HK-based Ucollex Raises $10M in Funding, Led by Animoca Brands
Hong Kong-based non-fungible token (NFT) platform Ucollex closed a $10 million Series A funding round led by Animoca Brands and the MCP IPX One Fund from Japanese investment firm MCP Asset Management.
24.02 / 11:27
Citi
DOW
government bonds
safe
Russian invasion of Ukraine sends investors after safe stocks — lifting oil, gold, government bonds
Investors rushed for safety, pushing down stocks and lifting the prices of oil, gold and government bonds, after Russian missiles and airstrikes hit Ukraine’s capital, Kyiv, and more than a dozen other cities across the country.
19.02 / 19:21
Blockchain
Digital
Platform
Future
HKD.com Aims to Shape Thriving Web3.0 Future through Strategic Investment in Blockchain.News
Hong Kong, 18 FEB 2022- One of the most reputable Digital Asset Exchange in Hong Kong- HKD.com (Hong Kong Digital Asset Exchange) announced the acquisition of half of Blockchain.News Company’s shares, a well-known international blockchain news media.
18.02 / 13:05
Provident
ETF
NASDAQ
Stock indices
CSOP to List First Metaverse Concept ETF on HKEX
CSOP Asset Management Limited (CSOP) is set to launch Hong Kong’s first Metaverse exchange-traded fund (ETF) next Monday, February 21, according to the company’s disclosure document.
09.02 / 04:21
cryptocurrency
regulation
Hong Kong Needs to Respond to Crypto Market Changes with New Rules - Treasury Chief
Hong Kong regulators and senior members of the government have spoken about their willingness of introducing new rules to police the crypto sector, with a new set of guidelines already formulated for crypto brokerages.
30.01 / 09:01
Blockchain
Police
Rug Pull
Cyber
Cyber vigilante hunts down DeFi scammers running away with $25M rug pull
In the world of digital finance, where the weapon of choice for a heist is a computer rather than a semi-automatic firearm, tracking down scams and frauds from across the world becomes a near-impossible feat for centralized police forces.
28.01 / 19:55
UPS
stake
Elliott Management cuts Hong Kong Bank stake as activist battle ends
One of the longest-running shareholder activism battles in Asia is coming to an end.
28.01 / 13:33
UPS
IPO
Shell
IPOs
China's new rules on overseas IPOs will apply to Hong Kong, securities regulator says
BEIJING — China's forthcoming rules on overseas IPOs will apply to Chinese companies that want to list in Hong Kong, the China Securities Regulatory Commission told CNBC on Friday.
26.01 / 12:57
Target
Digital
Cooper
Enterprise
BIS to Explore Potential Advantages of Defi on Small & Medium Enterprises in H.K.
As part of its research plans, the Bank for International Settlements (BIS) will explore whether decentralized finance (DeFi) technologies can enhance financing for small and medium enterprises in Hong Kong.
26.01 / 09:29
IPO
JPMorgan
Action
Strategy
IPOs
Crackdown on Chinese IPOs in the U.S. could make investors think twice about betting on tech
BEIJING — Investors may have to think twice about whether to bet on Chinese tech start-ups as new regulations are imposed on mainland companies looking to go public in the U.S.
18.01 / 19:37
Blockchain
Citi
Digital
Simulation
Future
HK
HolyShxxt!'s NFT and Future GameFi plans Shows HK's Potential
Hong Kong-based HolyShxxt!'s release of NFTs and their plan to launch a strategic football management simulation GameFi shows the potential growth of the fusion of gaming and blockchain-powered financialization in the city and globally.
15.01 / 09:35
Blockchain
Stablecoin
Usd Coin
Framework
regulatory
Hong Kong begins discussions to introduce stablecoin regulatory framework
Hong Kong's central banking institution, the Hong Kong Monetary Authority (HKMA), released a questionnaire to gauge public opinion on regulations for crypto-assets and stablecoins. The state-backed regulator intends to establish a regulatory framework by 2023-24.
13.01 / 20:41
business
HK
Japan-based crypto exchange DeCurret plans to sell to HK's Amber Group: report
The holding company behind DeCurret, the Japan-based company offering trading and exchanges of digital assets, reportedly plans to sell its crypto business to investment platform Amber Group.
13.01 / 12:45
Adoption
Visa survey shows that 24% of SMBs plan to accept crypto payments
Back in 2021, a study showed that there is a high demand for cryptocurrency payment abilities among both crypto holders and non-holders. However, in the same study, 50% of participants noted that there are not enough businesses that accept crypto. This may change very soon.
12.01 / 19:59
Blockchain
Ethereum
BitMEX
Bitcoin
regulatory
Banks Launch Stablecoin Consortium, Crypto Regulatory Discussion in Hong Kong + More News
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
12.01 / 16:33
Stablecoin
Tether
Usd Coin
Bitcoin
reserves
Hong Kong Monetary Authority aims to oversee stablecoin reserves
Hong Kong’s central bank, the Hong Kong Monetary Authority (HKMA), wants to supervise stablecoin issuance and reserves management.
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