Hong Kong Financial News

01.11 / 13:03

Huobi Huobi Crypto Exchange Denies Mass Layoffs and Exec Resignations

Major crypto exchange Huobi Global has denied mass layoff claims and allegations that two of its top executives have resigned.

01.11 / 09:35

Cardano Launch Nifty News: GameStop NFT market goes live, Hong Kong’s NFT concept and more

The nonfungible token (NFT) marketplace for American video game retailer GameStop has officially gone live on Ethereum (ETH) layer 2 blockchain ImmutableX, all part of the latest Web3 push from the gaming retailer.

01.11 / 00:38

ETF Investments SEC guidelines Financial crypto futures Hong Kong financial regulator issues guidelines for crypto futures ETFs

The Securities and Futures Commission of Hong Kong has set up requirements for entities considering a public offering of an exchange-traded fund (ETF) tied to cryptocurrency futures.

31.10 / 19:09

Ethereum Crime ETF Bitcoin Crypto News Summary: Asian Banking Giant Joins Singapore’s CBDC Effort, Hong Kong to Launch Crypto ETF, Argo Blockchain May Be Forced to Shut Down

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

31.10 / 14:51

Manufacturing China’s Factory Slowdown Worse Than Expected Under Weight of Covid Policies

HONG KONG—China’s factory activity contracted in October after a short-lived improvement, a fresh sign of the toll from the country’s stringent Covid policies and of fading global demand for Chinese-made goods.

31.10 / 10:25

FinTech Hong Kong Proposes Allowing Retail Investors To Trade In Cryptocurrencies

The government will also review property rights for tokenised assets.

31.10 / 07:57

cryptocurrency Hong Kong proposes allowing retail trade in cryptocurrencies

Hong Kong's government has proposed allowing retail investors to trade in cryptocurrencies and crypto exchange-traded funds – a move it hopes will help it rebuild its fintech hub status.

27.10 / 20:47

COST Digital Cooper Platform UAE Central Bank Completes First CBDC Payment Transaction

The Central Bank of the United Arab Emirates (CBUAE) has announced it has finalized mBridge, the world's largest pilot of central bank digital currency (CBDC) transactions in cooperation with the Digital Currency Institute of the People's Bank of China, its Chinese counterpart. Other partners included the Hong Kong Monetary Authority, the Bank of Thailand, and the Bank for International Settlements, the institution said in a statement.

27.10 / 18:03

Binance BNB DApp Crypto News Summary: Binance Launches Oracle, UvToken and Team Finance Exploited, Blockchain.com Debuts Visa Card

27.10 / 16:15

Arthur Hayes bull market Billionaire Arthur Hayes Says Bull Market Will Return When This Happens

Arthur Hayes, a prominent American banker, entrepreneur, and former CEO of crypto derivatives giant BitMEX, has speculated that the next crypto bull run will kick off when China eases its stance toward the crypto market.

27.10 / 13:07

cryptocurrency Google Advertising Investment ad Google Hints Crypto Bear Market is Negatively Affecting Ad Revenue

Google saw advertiser pullback in financial services, including the cryptocurrency subcategory, according to the latest earnings call from Google’s parent company, Alphabet.

27.10 / 11:35

business Adoption Crypto investment firm Q9 gets provisional approval to operate in Dubai

A Hong Kong-headquartered crypto investment platform, Q9 Capital, received provisional virtual asset approval from Dubai’s Virtual Asset Regulatory Authority (VARA). The company announced its expansion to the UAE and applied for a full operating license as well.

27.10 / 07:37

business BitMEX Bitcoin Hong Kong could be key for China’s crypto comeback: Arthur Hayes

Arthur Hayes, the former CEO of crypto derivatives giant BitMEX, believes the next crypto bull run will start when China moves back into the market, and Hong Kong has a vital part to play in this process.

26.10 / 23:33

Adoption wholesale BIS releases full report on mBridge wholesale CBDC platform after successful pilot

The Bank for International Settlements (BIS) has released the full details of its mBridge pilot project to use central bank digital currencies (CBDCs) for foreign exchange. Commercial banks in four jurisdictions made cross-border transfers using CBDCs and distributed ledger (blockchain) technology in the project, which was heralded as a success.

26.10 / 18:35

Africa BitOasis Crypto News Summary: BitOasis Partners With Mastercard, Gate.io Signs MoU With Busan, Seba Launches Custody Platform for NFT Storage

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

26.10 / 17:39

Ethereum Google Bitcoin ad Google feels the bear market as crypto ad revenues slip since July

The latest earnings call from Google’s parent company, Alphabet, highlighted decreased search advertising spending from financial services and cryptocurrency subcategories.

25.10 / 17:07

Ethereum Stablecoin Asia Bitcoin KPMG & Aspen Digital Study Reveals Wealthy Asian Investors Are Keen On Crypto

“Big four” accounting firm KPMG and technology and financial services company Aspen Digital found that family offices (FO) and high-net-worth individuals (HNWIs) in Hong Kong and Singapore "have embraced" the digital asset class, with more than 90% of survey respondents having already invested in the space or planning to do so.

25.10 / 11:33

Adoption Environment BIS BIS, UN, Hong Kong Monetary Authority concludes tokenized green bonds trial

The Bank for International Settlements (BIS), the Hong Kong Monetary Authority and the United Nations Climate Change Global Innovation Hub presented the results of their “Genesis 2.0” initiative. The project aims to explore the use of blockchain, smart contracts and the internet of things (IoT) for a global environment cause.

25.10 / 10:41

Ripple A new definition of crypto comes from the IRS — Law Decoded, Oct. 17-24

No matter how much attention the United States Securities and Exchange Commission (SEC) or Commodity Futures Trading Commission gets in the crypto industry, for individual traders and investors, it often comes down to the Internal Revenue Service’s (IRS) position — and how much tax one owes.

25.10 / 07:41

business Ethereum Bitcoin HK HK and Singapore’s mega-rich are eyeing crypto investments: KPMG

Hong Kong and Singapore’s wealthy elite appear to be looking at digital assets with fervor, after a new report from KPMG suggesting over 90% of family offices and high-net-worth individuals (HNWI) are interested in investing in the digital assets space or have already done so.

24.10 / 19:17

Power China’s Xi Jinping, Secure in Power, Faces Deepening Economic Challenges

HONG KONG—Xi Jinping has consolidated control of China’s ruling Communist Party to a degree unseen since Mao Zedong.