Hong Kong Financial News

10.10 / 12:17

Reuters Manufacturing Action NVIDIA end Chinese chip stocks tumble after U.S. calls for new curbs on high-end tech

BEIJING — Chinese chip stocks fell Monday after the U.S. announced new export controls aimed at limiting Beijing's ability to produce advanced military systems.

10.10 / 10:27

Citi Waves Deal China’s Covid Lockdowns Deal Another Blow to Consumer Spending

HONG KONG—A renewed wave of pandemic-related lockdowns in major Chinese cities is hampering hopes for a recovery in consumer spending, showing how difficult it is for Beijing to rekindle growth without loosening Covid restrictions.

08.10 / 18:37

CoinMarketCap Huobi Huobi Global: Will the exchange’s latest move prove to be a blessing-in-disguise

Cryptocurrency trading exchange Huobi Global is all set to be acquired by Hong Kong-based About Capital Management. The announcement was shared by Huobi Global through a press release.

01.10 / 21:37

Digital Tether Platform Bitcoin Wintermute hack recreated; learn what went wrong on 20 Sept.

Hong Kong-based digital asset company Amber Group decoded the Wintermute hack that took place last month. The hack that occurred on 20 September caused the trading platform to lose approximately $160 million to the exploit.

01.10 / 01:00

defi hacks Private Keys Amber Group uses simple hardware to show just how fast, easy the Wintermute hack was

Amber Group has reproduced the recent Wintermute hack, the Hong Kong-based crypto finance service provider announced on its blog. The process was fast and simple, and used hardware easily accessible to consumers. Wintermute lost over $160 million in a private key hack on Sept. 20.

30.09 / 16:59

JPMorgan China cautions JPMorgan, Goldman over politically sensitive research ahead of Communist Party meeting

HONG KONG — China’s securities regulator has told investment banks operating in the country to avoid publishing politically sensitive research ahead of a twice-in-a-decade meeting of the Communist Party next month, according to people familiar with the matter.

30.09 / 11:29

service sector Warning China’s Service Sector Slows in Latest Economic Warning Sign

HONG KONG—Chinese economic activity remained feeble in September, with the services sector slipping into contraction, offering fresh evidence of the damage that Beijing’s Covid-prevention measures and a deepening real estate slide are inflicting on the country’s economy.

29.09 / 11:03

Citi Digital Yuan settlement Cross-border China Trials Cross-Border Settlement Involving Cenbank Digital Currencies

China has been testing its digital currency in major cities.

28.09 / 22:29

CBDC Payments regulation Central Bank Israel, Norway and Sweden's central banks partner with BIS to explore CBDC

The Bank for International Settlements, or BIS, has reported it will be partnering with the central banks of Israel, Norway and Sweden to explore international retail and remittance payments use cases for central bank digital currencies, or CBDCs.

28.09 / 18:35

Digital Platform HSBC BIS concludes CBDC pilot program, here’s everything you need to know

The Bank for International Settlements (BIS) has announced the successful completion of the “first CBDC pilot,” as part of the second phase of Project Inthanon-LionRock.

28.09 / 13:03

Twitter coinbase HK HK-Based Hardware Wallet Maker OneKey Raises $20m in Series A Funding

A Hong Kong-based crypto hardware wallet maker has raised around $20 million in a Series A funding round.

28.09 / 09:45

Blockchain Asia BIS marks CBDC pilot as 'successful' with $22M transacted

A multi-jurisdictional Central Bank Digital Currency (CBDC) pilot has been marked “successful” by the Bank for International Settlements (BIS) after a month-long test phase that facilitated $22 million worth of real-value cross-border transactions.

26.09 / 18:18

Technology Adoption defi Cardano What Cardano’s Vasil hard fork means for the blockchain

After several delays and some setbacks, Cardano’s long-awaited Vasil upgrade finally went live on Sept. 22. From the outside looking in, the hard fork is designed to help improve the ecosystem’s scalability and general transaction throughput capacity as well as advance Cardano’s decentralized applications (DApps) development capacity.

26.09 / 14:13

Blockchain Digital Crypto Gaming Developer Animoca Brands Raises $110 Million

The company issued convertible notes in a funding round which values it at around $5.6 billion, it said.

26.09 / 12:21

Citi CEO Platform Hong Kong Slips Down the Crypto Hub World Rankings - Can it Get Back to Winning Ways?

With cryptocurrency investors increasingly worried about Hong Kong’s regulatory ambiguity on crypto, a number of major crypto-focused businesses and events have decided to move their activities to Singapore and other countries and territories considered as more friendly to their industry, as indicated by local observers.

23.09 / 20:31

Blockchain UPS Software Luna Cardano: Vasil’s success talk and what investors should expect now

On 22 September, at 9:44 p.m. UTC, the Cardano Vasil Hard Fork upgrade went live. Input Output Hong Kong (IOHK) tweeted on Thursday (22 September) that the hard fork of Cardano’s mainnet had been successful.

23.09 / 19:01

UPS Extreme COMPOSITE CoinFLEX: A tale of suspension, struggles, and a fierce attempt at revival

Extreme market conditions and “continued uncertainty involving a counterparty” forced CoinFLEX to pause its operations on 23 June. However, the exchange, in a recent announcement, offered a peak into what it was up to.

23.09 / 05:07

Blockchain Cardano Upgrade Nodes Fork, yeah! Cardano Vasil upgrade goes live

After several months of delays, the Cardano Vasil upgrade and hard fork has finally gone live as of Thursday at 9:44 pm UTC, bringing “significant performance and capability” enhancements to the blockchain.

22.09 / 19:19

Blockchain Twitter BLOCK CoinMarketCap What Cardano [ADA] holders can expect after Vasil upgrade

In a Twitter post, on 21 September, Input Output Hong Kong(IOHK) confirmed that Cardano is ready for the upgrade. According to the Cardano team, the upgrade is currently active due to the simultaneous achievement of all three “critical mass indications.”

22.09 / 12:07

UPS Booking Platform Trip.com says China hotel bookings are surpassing pre-pandemic levels

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22.09 / 06:05

Blockchain Cardano Launch Upgrade Cardano Vasil upgrade ready with all ‘critical mass indicators’ achieved

The Cardano Vasil upgrade is set to take place in less than 24 hours on Sept. 22, with the Cardano team noting all three “critical mass indicators” needed to trigger the upgrade are now met.

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