Hong Kong Financial News
13.04 / 15:09
Ethereum
Adoption
Binance
Fraud
Bitcoin
Today in Crypto: US Authorities Crack a $3.4 Billion Silk Road Heist Case, Striga Launches Program for Entities to Issue Crypto Cards, Push Protocol Reveals ‘Wallet-to-Wallet’ Video Chat
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________
13.04 / 13:31
Provident
Platform
Align
Oracle
DeFi Coin Stays Ahead of the Curve by Preparing for DeFi Licensing Requirements in Hong Kong
Thursday April 13th 2023 – DeFi Coin, a leading decentralized finance (DeFi) project, is taking proactive measures to prepare for regulatory changes in Asia and other parts of the world.
13.04 / 09:59
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.
12.04 / 15:49
Twitter
Bitfinex
TRON
Bitcoin
fraud case
Warning
Today in Crypto: Ex-investment Banker Charged in a Crypto Fraud Case, Binance.US to Delist Tron, Spain to Send 328,000 Tax Warning Notices to Crypto Holders
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________
12.04 / 13:21
Blockchain
regulation
Web3
Bitcoin Regulation
Binance CEO CZ: Regulators need deep understanding crypto for proper rules
In a fireside chat during the Hong Kong Web3 Festival, Changpeng Zhao (CZ), CEO of Binance, expressed that it is important for crypto regulators to have a deep understanding of the industry to facilitate proper crypto regulations. The fireside chat was moderated by Deng Chao, the CEO of Hashkey Capital.
12.04 / 09:47
12.04 / 09:01
business
Grayscale
Bitcoin
Metalpha to raise $100M to offer Grayscale Bitcoin products in Hong Kong
Hong Kong-based cryptocurrency wealth manager Metalpha Technology is working to offer new entry points into Bitcoin (BTC) and Web3 to investors in Asia.
12.04 / 05:53
business
regulation
Silvergate
Hong Kong virtual bank to offer crypto conversions and accounts: Report
ZA Bank, Hong Kong’s biggest virtual bank by assets is reportedly set to provide crypto account services and facilitate crypto-to-fiat exchanges.
11.04 / 13:31
Blockchain
Kucoin
Digital
NASDAQ
Action
Apple
NOT
Europe and Asia — not the US — will lead in blockchain
The US Government is putting the squeeze on crypto. Recently they shut down two banks that were friendly to crypto and acting as bridges between trading exchanges and the real world. These were Silvergate and Signature Bank of NY. These closures follow some events that might appear coordinated to some people. This includes the shuttering of the Paxos BUSD stablecoin and the NY lawsuit against Kucoin and Ethereum.
11.04 / 12:05
Citi
Provident
Digital
Platform
Strategy
market volatility
Financial
Hong Kong Financial Chief Pushes for Web3 Adoption Despite Market Volatility – Next Crypto Hub?
The city of Hong Kong is continuing its push for Web3 and crypto adoption, despite volatility in the market and regulatory crackdowns elsewhere, Hong Kong’s Financial Secretary Paul Chan has confirmed.
11.04 / 06:49
COST
Goldman Sachs settles swaps business probe after paying $15m
Goldman Sachs agreed 10 April to pay $15m to settle regulatory claims that it obscured the cost of derivatives that clients purchased to bet on or against an index of overseas stocks.
10.04 / 15:15
regulation
Legal
Asia
Bank of England
UK
US President
Fried
Sam
Time
Brett
Today in Crypto: 'Now is Best Time to Invest in Web3', Ex-FTX US President Brett Harrison Resigned Due to 'Protracted Disagreement' with Sam Bankman-Fried, Bank of England Building a CBDC Team
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________
10.04 / 12:15
business
Blockchain
Supply Chain
Hong Kong takes the lead in blockchain logistics after Maersk TradeLens demise
After Danish logistics firm Maersk terminated its blockchain-based supply chain platform last year, industry builders have not given up on blockchain applications in global trade.
10.04 / 07:29
UPS
Citi
Digital
Platform
Action
Chinese state company launches crypto funds
It has been claimed that a large state-owned corporation in China would be creating new cryptocurrency funds, which indicates the company has a more optimistic position on the sector than was previously believed. According to a local news outlet that focuses on technology, 36Kr, CPIC Investment Management, which is a subsidiary of China Pacific Insurance (CPI), is teaming up with investment company Waterdrip Capital to develop two cryptocurrency investment funds.
10.04 / 04:11
business
Blockchain
Adoption
exchanges
Bitcoin
Financial
‘Right time’ for Hong Kong’s Web3 push despite market flux — Financial Secretary
Now is the "right time" for Hong Kong to push forward with Web3 despite the crypto market fluctuations, according to the Financial Secretary of Hong Kong, Paul Chan.
07.04 / 19:59
business
Blockchain
Uniswap
Asia
Conflux proposes deploying Uniswap v3, setting up $2M liquidity pool for CFX pairs
Conflux, a regulatory-compliant public blockchain based in China, seeks to deploy the Uniswap v3 on its network, according to a proposal on Uniswap's governance forum on April 7. The move comes days after the Uniswap v3 code license expired, enabling developers to fork the protocol and deploy their own decentralized exchange (DEX).
06.04 / 15:59
Binance
stake
Binance Rejects Justin Sun's Offer for Huobi Stake, Citing Suspected Chinese Connections – Here's What Happened
Binance has reportedly rejected an offer by crypto entrepreneur Justin Sun to purchase his stake in cryptocurrency exchange Huobi, citing ties to mainland China.
06.04 / 15:15
Blockchain
Stablecoin
Binance
Bitfinex
Australian
Today in Crypto: Sentiment Recovers 90% of Funds from Hacker, Major Chinese State-owned Company Launching Two Crypto Funds, Australian Regulator Cancels Binance's Derivatives License
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________
06.04 / 11:33
business
regulation
Investments
Staking
Chinese state insurance firm launches two crypto funds in Hong Kong: Report
The Chinese government appears to be more bullish on the cryptocurrency industry than one might think, as a major state company is reportedly launching new cryptocurrency funds.
05.04 / 19:09
NFT
Gaming
Sky Mavis
Activision
Former Activision Blizzard exec joins Yuga Labs as CEO: Nifty Newsletter, March 29–April 4
In this week’s newsletter, learn how artificial intelligence (AI) can make the metaverse safer, according to The Sandbox’s co-founder. Check out how Axie Infinity creator Sky Mavis is building a blockchain gaming ecosystem, and read about nonfungible token (NFT) firm Yuga Labs onboarding a new CEO. In other news, find out how OKX uses the metaverse to engage with football fans, and don’t forget this week’s Nifty News, featuring luxury brand Gucci creating a pendant for the Otherside metaverse.
05.04 / 08:47
business
Adoption
regulation
Funding
Venture Capital
Banks
SFC
crypto rules
Hong Kong’s crypto rules set a high bar for ‘good reason,’ says SFC advisor
The standards for Virtual Asset Service Providers (VASPs) in Hong Kong are set “incredibly high” as the Securities and Futures Commission (SFC) is wanting the crypto industry to match the same compliance standards as traditional financial firms.
breaking news about Hong Kong
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