Hong Kong Financial News

20.12 / 17:37

cryptocurrency Cardano ADA Cardano price Cardano Price Forecast as Ripple CTO Responds to Charles Hoskinson’s Comments – This is What Happened

ADA, the native cryptocurrency of the smart-contract-enabled, high-performance Cardano blockchain, has bounced about 2% on Tuesday, and was last changing hands in the $0.26 area, having briefly dipped under $0.25 during Monday’s crypto-wide sell-off on hawkish central bank/recession concerns. ADA’s pick-up on Tuesday comes amid a broad recovery in cryptocurrency markets, despite another hawkish central bank surprise, this time from the Bank of Japan, who unexpectedly tweaked their so-called “yield curve control” policy, facilitating a near 20 bps jump in Japanese 10-year government bond yields (similar to the effect of a rate hike).

19.12 / 17:37

CBDC China Adds More Cities to its Digital Yuan Pilot

More Chinese cities will be added to the nation’s digital yuan pilot – with a rollout edging closer to reality.

19.12 / 16:27

Jackpot Hedge funds have often shorted Hong Kong’s dollar peg but nobody’s hit the jackpot yet

When Bill Ackman revealed last month that he was betting the Hong Kong dollar’s peg to the greenback would break, he became the latest in a long line of speculators who have made similar wagers. Nobody has hit the jackpot.

19.12 / 00:17

Blockchain Cloud Services Withdrawals Gate.io experiences slowdown in deposits and withdrawals due to node maintenance

Users of the crypto exchange Gate.io are facing slow deposits and withdrawals on transactions due to a node maintenance from a third-party cloud provider, according to an announcement on Dec. 18.

18.12 / 14:03

business Blockchain Cloud Services OKX cites intermittent outage amid Alibaba Cloud equipment anomaly

Crypto exchange OKX witnessed service disruptions after primary infrastructure provider Alibaba Cloud announced a hardware failure in Alibaba Cloud’s Hong Kong data center.

17.12 / 06:09

business Ethereum cryptocurrency Bitcoin price today Top Cryptocurrency Prices Today December 17: Major cryptos in red; Ether down 6%, Cardano top laggard

Major cryptocurrencies traded in the red early on December 17 as the global crypto market cap decreased 6.11 percent to $797.45 billion, over the last day. The total crypto market volume over the last 24 hours is $47.36 billion, which makes a 38.50 percent increase.

16.12 / 19:15

Blockchain Ethereum Binance ETF Today in Crypto: MoneyGram Partners with Stellar Development Foundation, First Two ETFs Launched in Hong Kong, FTX Wants to Sell Four Subsidiaries

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

16.12 / 14:43

Provident Troubled Crypto Lender Amber Group Raises $300 Million Amid Layoffs and Refocusing Efforts

Amid the ongoing cryptocurrency market downturn, troubled Asian crypto trading firm Amber Group has managed to collect some $300 million under its series C round, led by the US arm of blockchain-focused venture capital firm Fenbushi Capital US and joined by a number of crypto-native investors and family offices.

16.12 / 13:03

regulation FTX Crypto Companies Crypto Companies Enable Money Laundering, Warns Incoming FCA chair – Regulation Coming Soon?

Ashley Alder, the incoming chair of the UK’s Financial Conduct Authority (FCA), believes crypto firms are “deliberately evasive” and facilitate money laundering, asking for more regulations.

16.12 / 12:45

cryptocurrency ETF Bitcoin CSOP bitcoin futures ETF closes higher in Hong Kong debut

Hong Kong's first bitcoin and ether futures exchange traded funds (ETFs) ended their first trading day higher on Friday, reflecting investors' interest despite the broader crypto market meltdown.

15.12 / 18:49

BTC Dash ETF Bitcoin Time Bitcoin Price Prediction as BTC Spikes Above $18,000 For The First Time in 30 Days and Falls Back Down – Time to Buy the Dip?

In our Asian session Bitcoin price prediction, we predicted BTC would fall further to complete a 61.8% Fibonacci retracement at $17,440 before rebounding. BTC has dropped to trade near $17,500; closing candles above this level can cause a bullish bounce.

15.12 / 17:35

ETF stock exchange Bitcoin Hong Kong Crypto crypto futures Hong Kong crypto futures ETFs raise over $70M ahead of debut

Crypto futures exchange-traded funds (ETFs) managed by CSOP Asset Management have raised $73.6 million in investments ahead of their listing on the Hong Kong stock exchange on Dec. 16.

15.12 / 13:21

cryptocurrency ETF Bitcoin crypto futures Amid crypto turmoil, Hong Kong debuts first crypto futures ETFs

Two exchange traded funds (ETF) that track U.S.-listed cryptocurrency futures have raised a combined $73.6 million ahead of their debut on the Hong Kong stock exchange on Friday in defiance of the sector’s meltdown.

15.12 / 12:41

Adoption regulation FCA’s incoming chair calls for further crypto regulation

The Financial Conduct Authority’s (FCA) recently appointed chair has presented an unfriendly attitude toward cryptocurrencies in a cross-party Treasury select committee meeting.

13.12 / 20:45

BAY NOT China’s Zero-Covid Policy Is Ending, but Not Everyone Is Celebrating

HONG KONG—After three years of trying to keep Covid-19 at bay, China is finally loosening its draconian zero-Covid rules. But instead of celebrating, many people are hunkering down, cutting spending and avoiding public areas as they prepare for more Covid cases.

12.12 / 10:03

BitMEX Bankruptcy Bitcoin gone Arthur Hayes: Bitcoin bottomed as 'everyone who could go bankrupt has gone bankrupt'

Arthur Hayes, the former CEO of crypto derivatives platform BitMEX, thinks the worst might be over for Bitcoin (BTC) this cycle as the "largest most irresponsible entities" have run out of BTC to sell.

08.12 / 23:37

markets Bitcoin Bitcoin Price crypto market cap Total crypto market cap falls to $840 billion, but derivatives data shows traders are neutral

The total cryptocurrency market capitalization dropped 1.5% in the past seven days to rest at $840 billion. The slightly negative movement did not break the ascending channel initiated on Nov. 12, although the overall sentiment remains bearish and year-to-date losses amount to 64%.

08.12 / 18:41

markets Bitcoin Bitcoin Price Dollar Bitcoin takes liquidity near $17K as US dollar shows weakness pre-CPI

Bitcoin (BTC) ranged below $17,000 at the Dec. 8 Wall Street open as the U.S. dollar threatened further weakness.

08.12 / 15:23

fall Chinese Exports Fall at Steepest Pace in More Than Two Years

HONG KONG—Chinese exports fell at the steepest pace in more than two years in November, the latest indication of how the country’s pandemic restrictions and waning global demand for goods is throttling China’s economy.

08.12 / 13:01

regulation exchanges TradFi Hong Kong to subject crypto exchanges to the same laws governing TradFi

Hong Kong’s legislative council has passed a new amendment to its anti-money laundering (AML) and terrorist financing system to include virtual asset service providers.

07.12 / 21:03

fall Chinese Exports Fall at Steepest Pace in More Than Two Years

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