Hong Kong Financial News

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.

22.11 / 11:07

Ethereum regulation Investments Bitcoin the bahamas SBF, FTX execs reportedly spend millions on properties in the Bahamas

The latest revelation from the FTX case reveals that Bahamian properties worth millions were bought in the company name. FTX, at the time operated by Sam Bankman-Fried (SBF), his parents and other high-level executives of the company, reportedly purchased at least 19 properties in the Bahamas over the last two years.

21.11 / 15:05

FIVE China’s Economy Takes a Deeper Hit as Retail Sales Turn Negative

HONG KONG—China’s economy sank into a deeper funk last month as the weight of strict zero-Covid measures, a real-estate downturn and sinking export demand underscored the difficulties of rekindling growth amid tighter government regulations and a worsening global economy.

21.11 / 15:05

restrictions China Consumer Spending Slumps Under Covid and Property Restrictions

HONG KONG—Chinese consumer spending is buckling under the country’s dual campaigns against rising property prices and Covid-19 outbreaks, flashing a warning for global companies that have pinned their hopes on a more free-spending Chinese customer.

21.11 / 02:17

FIVE China’s Economy Takes a Deeper Hit as Retail Sales Turn Negative

20.11 / 20:37

restrictions China Consumer Spending Slumps Under Covid and Property Restrictions

20.11 / 13:53

FIVE China’s Economy Takes a Deeper Hit as Retail Sales Turn Negative

19.11 / 23:27

FIVE China’s Economy Takes a Deeper Hit as Retail Sales Turn Negative

19.11 / 01:13

business Blockchain Investments Bankruptcy Nickel Digital, Metaplex, and others continue to feel the impact of FTX collapse

Nickel Digital Asset Management is not the only company feeling the effects of FTX’s collapse and bankruptcy. NFT protocol Metaplex also laid off, “several members of the Metaplex Studios team” due to the "indirect impact" from the collapse of crypto exchange FTX. The co-founder and CEO of Metaplex Studios Stephen Hess shared in athread on Twitter that:

18.11 / 20:53

FIVE China’s Economy Takes a Deeper Hit as Retail Sales Turn Negative

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.

17.11 / 13:43

FIVE China’s Economy Takes a Deeper Hit as Retail Sales Turn Negative

17.11 / 07:43

business Law Court Bitcoin Bahamian liquidators reject validity of FTX's US bankruptcy filing

Brian Simms, the court-appointed provisional liquidator overseeing the bankruptcy proceedings of FTX Digital Markets in The Bahamas, has called into question the validity of a Chapter 11 bankruptcy filing by subsidiary FTX Trading and 134 other affiliates in a Delaware court on Nov. 14.

16.11 / 10:59

FIVE China’s Economy Takes a Deeper Hit as Retail Sales Turn Negative

16.11 / 03:31

business Funding FTX FTX bankruptcy freezes millions worth of crypto company funds

The collapse of the cryptocurrency exchange FTX continues to have knock-on effects throughout the crypto industry with multiple crypto-focused companies reporting significant amounts of their capital stuck on FTX.

15.11 / 10:13

FIVE China’s Economy Takes a Deeper Hit as Retail Sales Turn Negative

14.11 / 22:13

business Blockchain Former Huobi-linked entity says it has $18.1 million stuck on FTX

According to a new filing with the Stock Exchange of Hong Kong on Monday, investment holdings company New Huo Technology, formerly known as Huobi Global, said that it has $18.1 million worth of deposits stuck on troubled cryptocurrency exchange FTX. Of this amount, $13.2 million consisted of client's deposits, and $4.9 million comprised of assets belonging to Hbit, another subsidiary.

14.11 / 21:19

Cardano Cardano Price Prediction ADA/USD Time Cardano price Cardano Price Forecast as Bulls Maintain $0.30, Is It Time for a Rally Now?

Cardano price is on the cusp of a bullish breakout in the wake of a week filled with negative headlines related to the FTX scandal. The industry's ninth-largest cryptocurrency endured declines, testing lower price levels around $0.31.

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