Hong Kong Financial News
24.10 / 18:57
Blockchain
Stablecoin
Bitcoin
Mining Difficulty
Crypto News Summary: Bitcoin Mining Difficulty (Re)Breaks Record, NFT Can Be Property in Singapore, Ed Sheeran's Hacker Imprisoned
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________
24.10 / 17:55
markets
Gold
Bitcoin
Bitcoin '6-8 weeks' from breakout as Hang Seng echoes Lehman Brothers dip
Bitcoin (BTC) waited for cues at the Oct. 24 Wall Street open as expectations of a breakout ran high.
24.10 / 10:25
FIVE
China’s Economy Grew 3.9% in the Third Quarter
HONG KONG—China’s economy expanded more strongly than expected in the third quarter as the country bounced back modestly from crippling Covid lockdowns in the spring, though challenges remain as leader Xi Jinping consolidates control over the political apparatus for another five years.
23.10 / 12:33
China's Xi Jinping wins third term as leader of ruling Communist Party
President Xi Jinping, China’s most powerful leader in decades, has continued his dominance after being reelected as head of the ruling Communist Party on Sunday.
21.10 / 23:17
Stablecoin
CBDC
Adoption
Backed
retail CBDC
Hong Kong unveils completed retail CBDC project that has a CBDC-backed stablecoin
The Hong Kong Monetary Authority presented its completed Aurum retail central bank digital currency (CBDC) prototype on Oct. 21. The system, developed in conjunction with the Bank for International Settlements (BIS) Innovation Hub, has a unique structure that reflects the intricacies of the existing system for issuing money in Hong Kong.
21.10 / 18:07
21.10 / 14:05
regulation
Investments
NOT
Not like China: Hong Kong reportedly wants to legalize crypto trading
Hong Kong is taking action to regain its status as a global cryptocurrency hub by launching several legal initiatives related to the crypto industry.
19.10 / 14:57
Citi
VISA
Hong Kong Offers Visas, Perks to Reverse Brain Drain After Losing 140,000 From Workforce
HONG KONG—Hong Kong’s chief executive announced incentives to lure talent and companies to the city, seeking to reverse an outflow driven by years of stringent pandemic controls and political upheaval that have hurt its reputation as a global business capital.
19.10 / 14:37
Citi
Provident
Digital
Platform
Lee
Hong Kong to Propose Statutory Licensing Regime for VASPs: CE John Lee
Chief Executive of HKSAR John Lee delivered his first policy address Wednesday, indicating that the administration has proposed a bill to establish a statutory licensing regime for virtual asset service providers.
18.10 / 15:49
Provident
economic data
China’s Economic Data Gets Harder to Find as Growth Slows
HONG KONG—The world is eager for clues about the health of China’s economy as the country endures its worst prolonged slowdown in years. But getting a clear picture has only grown more difficult, as data becomes harder to obtain and unflattering analysis vanishes.
17.10 / 17:51
penalty
Fine
Hedge fund ARCM hit with fine in Asia two years after Premier Oil short penalty
Hong Kong’s Securities and Futures Commission fined Asia Research and Capital Management $1.75m for failing to comply with European Union’s short-selling reporting requirements.
17.10 / 14:19
Blockchain
Citi
Digital
Strategy
Virtual assets
week
Hong Kong to Unveil Virtual Assets-Related Policy Statement on Upcoming Fintech Week
The Hong Kong Special Administrative Region's government will release the plans for the development of virtual assets in the city during the upcoming FinTech Week by the end of the month.
17.10 / 14:03
China Abruptly Delays GDP Release During Communist Party Conference
HONG KONG—China abruptly delayed the publication of its third-quarter gross domestic product data on Monday, a day before it was set to be released, an unusual move as the country’s ruling Communist Party stages a key political gathering this week.
17.10 / 13:15
Digital
Platform
week
Hong Kong to Clarify Crypto Position During FinTech Week
The authorities of China’s Hong Kong Special Administrative Region are expected to present a policy statement on the development of the city’s digital assets market at the forthcoming Hong Kong Fintech Week event.
14.10 / 05:57
SUN
Yellow
Huobi
Huobi token holders will be pleased to know this update
Huobi token, the native token of the centralized exchange Huobi, has been witnessing a tremendous surge that looked to go against the general bearish trend of the market.
13.10 / 18:20
markets
Huobi
TRON
Why is the price of Houbi Token up 12% today as rest of the market slumps?
Huobi Token (HT) has been up 12% in the last 24 hours and is one of the few cryptocurrencies bucking the general downtrend.
13.10 / 17:43
Blockchain
security
Samsung
Smartphone
network
Samsung uses blockchain-based security for devices in its network
Tech giant Samsung announced it will utilize blockchain technology to upgrade security protocols for all of its smart devices.
11.10 / 13:23
Blockchain
COST
Provident
Racing
PolyU 1st in Hong Kong to Offer Metaverse & Blockchain Post-grad Programmes
Hong Kong's Polytechnic University (PolyU) is offering a postgraduate course in the metaverse and blockchain-related technology from September 2023.
10.10 / 14:43
Pool
Huobi
Takeover
Tron’s Justin Sun denies role in Huobi’s takeover; claims report is ‘wrong’
Update: Tron’s Justin Sun has now publicly come out to claim that he is merely an advisor on Huobi’s Board and did not purchase the exchange’s majority stake. In doing so, he called the original report ‘wrong.’
10.10 / 13:59
UPS
Huobi
TRON’s Founder Justin Sun Could be Real Acquirer of Huobi Global: Sources
Justin Sun, founder of TRON, could be the actual buyer behind the deal for the acquisition of Huobi Global, according to sources with the matter.
10.10 / 13:53
Huobi
stake
Founder of Huobi Crypto Exchange Sells Stake in Company
Huobi founder and controlling shareholder Leon Li Lin will sell its entire stake in the Seychelles-based crypto exchange to About Capital Management, a Hong Kong-based assets management company.
breaking news about Hong Kong
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