Hong Kong Financial News
26.04 / 12:13
boost
China’s Consumers Give Economy a Post-Covid Boost
HONG KONG—For years, economists have warned that China’s economy suffered from an imbalance that made its rapid growth unsustainable. The country was too reliant on investments and didn’t have enough consumer spending.
26.04 / 12:07
business
BitPanda
Banks
partnership
Bitcoin
services
Bitcoin at banks: Raiffeisenlandesbank to offer crypto investment services
Raiffeisenlandesbank Niederösterreich-Wien (RLB NÖ-Wien), an Austrian cooperative banking company founded in 1900, is preparing to launch crypto investment services in collaboration with the Austrian crypto firm Bitpanda.
26.04 / 09:39
COST
Drop
LME
LME revenues drop in wake of nickel crisis
The London Metal Exchange reported lower revenues and higher operating costs as it looks to recover from last year's nickel crisis.
26.04 / 08:43
business
Blockchain
regulation
SEC
security
Circle
Usd Coin
Circle CEO blames US crypto crackdown for declining USDC market cap
Circle CEO Jeremy Allaire says that a cryptocurrency crackdown by the United States regulators has been a major factor behind the declining market capitalization of its stablecoin, USD Coin (USDC).
26.04 / 01:13
Adoption
ETF
Bitcoin Futures
Bitcoin Regulation
Bitcoin
21Shares
Third time’s the charm? ARK and 21Shares again file with SEC for Bitcoin ETF
Cathie Wood’s ARK Invest and European crypto investment firm 21Shares are seemingly unperturbed by the cryptocurrency regulatory environment in the United States, again requesting approval for a Bitcoin (BTC)-based financial product.
25.04 / 16:23
Hack
sanctions
lazarus group
Three North Koreans Sanctioned for Involvement in Crypto-Linked Hacking Group – Here's What Happened
The US Department of Foreign Asset Control (OFAC) has sanctioned three individuals that allegedly supported North Korea through illicit financing and malicious cyber activity.
25.04 / 10:01
boost
China’s Consumers Give Economy a Post-Covid Boost
HONG KONG—For years, economists have warned that China’s economy suffered from an imbalance that made its rapid growth unsustainable. The country was too reliant on investments and didn’t have enough consumer spending.
24.04 / 18:35
hacks
regulation
FBI
OFAC
lazarus
OFAC sanctions OTC traders who converted crypto for North Korea’s Lazarus group
The United States Treasury Department has identified over-the-counter (OTC) cryptocurrency traders who assisted North Korea’s Lazarus Group in converting stolen crypto into fiat currency. Crypto traders in China and Hong Kong have been sanctioned by the Treasury’s Office of Foreign Assets Control (OFAC). In addition, a China-based banker was sanctioned for coordinating some of the illicit cashflow.
24.04 / 18:35
regulation
SEC
Bittrex
MICA
Pan-European crypto regulation is almost here: Law Decoded, Apr 17–24
Last week, the Markets in Crypto-Assets Act, also known as MiCA, was finally passed by the European Parliament. While MiCA technically still has to be approved by the European Council, there’s little doubt that the world’s first comprehensive crypto framework will become a reality by 2024 or 2025.
24.04 / 13:39
boost
China’s Consumers Give Economy a Post-Covid Boost
HONG KONG—For years, economists have warned that China’s economy suffered from an imbalance that made its rapid growth unsustainable. The country was too reliant on investments and didn’t have enough consumer spending.
24.04 / 13:31
Blockchain
CBDC
Adoption
regulation
Yuan
China to expand CBDC use case for Belt and Road Initiative
China is expanding the use cases for its central bank digital currency (CBDC) called digital yuan or e-CNY for its Belt and Road initiative and cross-border trades. The digital yuan a.k.a. digital RMB was one of the first CBDCs to be developed and widely tested. While there hasn’t been an official launch, the government has expanded its testing parameter to include multiple cities and millions of people.
23.04 / 09:39
boost
China’s Consumers Give Economy a Post-Covid Boost
HONG KONG—For years, economists have warned that China’s economy suffered from an imbalance that made its rapid growth unsustainable. The country was too reliant on investments and didn’t have enough consumer spending.
22.04 / 16:07
business
Gemini
Derivatives
Winklevoss Twins
Gemini to launch derivatives platform outside the United States
United States-based crypto exchange Gemini announced on April 21 the upcoming launch of a derivatives platform outside the U.S. The move comes amid a tightening and uncertain regulatory environment for crypto firms in the country.
22.04 / 13:17
Blockchain
Provident
SEC
Platform
Mobile
Gemini
Bitcoin
Crypto Exchange Gemini Ventures Outside the US With Plans for Derivatives Platform
Despite an ongoing legal tussle with US authorities, Winklevoss Twins-owned crypto exchange Gemini has announced the launch of a crypto derivatives platform.
21.04 / 10:13
boost
China’s Consumers Give Economy a Post-Covid Boost
HONG KONG—For years, economists have warned that China’s economy suffered from an imbalance that made its rapid growth unsustainable. The country was too reliant on investments and didn’t have enough consumer spending.
21.04 / 10:13
Chinese Exports Surge as Trade With Russia and Southeast Asia Jumps
HONG KONG—China’s exports bounced back sharply in March, a surprise that reflects greater demand in Asia and Europe as well as improved supply chain conditions.
20.04 / 17:29
business
Blockchain
Hong Kong Crypto
crypto ETFs
regulatory
Despite regulatory clarity, Hong Kong crypto ETFs experience lukewarm demand
According to a report published by the Hong Kong Stock Exchange (HKSE), two Bitcoin (BTC) exchange-traded funds (ETF) and an Ethereum (ETH) ETF listed on HKSE averaged 9.30 million Hong Kong dollars ($1.19 million) in daily trading volume from Dec. 16, 2022, to Feb. 7, 2023. As the first region in Asia to provide such access to crypto ETF products, Hong Kong exchange operators praised regulator clarity for its role in "seizing opportunities in virtual asset development."
20.04 / 16:25
regulation
Hong Kong Court Recognizes Cryptocurrencies as Property in Landmark Ruling – What Happens Next?
The High Court of Hong Kong has made a landmark ruling by recognizing crypto to be property in a legal matter that involved now-defunct crypto exchange Gatecoin.
20.04 / 14:43
boost
China’s Consumers Give Economy a Post-Covid Boost
HONG KONG—For years, economists have warned that China’s economy suffered from an imbalance that made its rapid growth unsustainable. The country was too reliant on investments and didn’t have enough consumer spending.
20.04 / 03:15
19.04 / 23:57
Chinese Exports Surge as Trade With Russia and Southeast Asia Jumps
HONG KONG—China’s exports bounced back sharply in March, a surprise that reflects greater demand in Asia and Europe as well as improved supply chain conditions.
latest developments in Hong Kong
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