Hong Kong Financial News
30.08 / 20:55
BLOCK
Platform
Cardano [ADA] can see a 20% rally following a short squeeze if…
Cardano, the eighth largest cryptocurrency, prior to the much-anticipatedVasil hardfork, has laid out three critical indicators.
26.08 / 13:51
Digital
CEO
Gap
Avid
101 Azuki Purchaser 'LastKnight' is Adrian Cheng
Adrian Cheng has been revealed to be the mysterious «LastKnight,» who bought 101 Azukis amidst ongoing controversy.
26.08 / 13:51
Blockchain
UPS
Digital
Animoca Brands' Japanese Unit Raises $45m
Animoca Brands' Japanese unit raised $45 million in financing at a $500 million pre-money valuation.
26.08 / 10:43
Blockchain
Cardano
Hard Fork
Cardano hard fork ‘ever closer’ as upgraded SPOs account for 42% of blocks
Input Output Hong Kong (IOHK), the blockchain company behind the Cardano network says the much anticipated Vasil hard fork is “ever closer” after revealing the state of three critical indicators that will trigger the mainnet update.
25.08 / 00:57
business
Twitter
Digital
Sam
co-CEO
Alameda Research co-CEO Sam Trabucco resigns, Caroline Ellison will become sole head
Alameda Research co-CEO Sam Trabucco announced his resignation Wednesday on Twitter. Trabucco said co-CEO Caroline Ellison will become CEO, and he will remain in the capacity of adviser. Alameda Research is the quantitative trading company set up by FTX crypto exchange founder Sam Bankman-Fried in 2017.
24.08 / 22:25
Blockchain
Stablecoin
regulation
freeze
NOT
Tether says it would not freeze sanctioned Tornado Cash addresses unless instructed by law enforcement
On Wednesday, U.S. dollar stablecoin issuer Tether (USDT) said that it would not freeze smart contract addresses sanctioned by the U.S. Office of Foreign Assets (OFAC) Control's Specially Designated Nationals and Blocked Persons (SDN) list for cryptocurrency trail-mixer Tornado Cash. In explaining the decision, Tether said:
24.08 / 15:43
Blockchain
Adoption
Beijing announces two-year Metaverse innovation and development plan
The Beijing municipal government on Aug. 23 announced a two-year (2022-2024) metaverse innovation and development plan that would require all districts to adhere to the newly released Web3 innovation plan.
23.08 / 14:03
Lowe's
Low
China’s Yuan Slides to a Two-Year Low as Economy Stumbles, Dollar Soars
HONG KONG—China’s currency has dropped to its weakest level against the U.S. dollar in two years. It is likely to depreciate further as the country’s central bank moves to combat a slowing economy and a deep housing downturn.
19.08 / 12:07
Ethereum
regulation
Bitcoin
Hodlnaut cuts 80% of staff, applies for Singapore judicial management
Cryptocurrency lending firm Hodlnaut has cut most of its workforce and has applied to be placed under judicial management due to bleak financial circumstances.
17.08 / 09:43
Citi
Citigroup
Citi promotes Aveline San to Hong Kong and Macau chief
Citigroup has appointed Aveline San to helm its operations in Hong Kong and Macau, as the US bank pushes to grow its wealth management business in the region.
15.08 / 21:35
business
exit
Exit stage left — Eqonex to close crypto exchange after two years
Nasdaq-listed digital asset investment firm Eqonex has announced it will be exiting the “crowded crypto exchange space” by shuttering part of its operations.
15.08 / 13:15
UPS
Ethereum
Bitcoin
Bitcoin Regains $25,000 since June, Bearish Tone Remains
The largest cryptocurrency, bitcoin, topped $25,000 on Sunday for the first time since June, with data on Bitstamp’s exchange hitting $25,050, the highest level since June 13.
11.08 / 14:57
UPS
Digital
Platform
The Sandbox Expands Footprints in Hong Kong for Alpha Season 3
Decentralized virtual gaming developer The Sandbox, a subsidiary of Animoca Brands, announced Thursday to roll out the first-ever pop-up atelier in Hong Kong for the upcoming seasonal events.
11.08 / 11:43
10.08 / 22:35
Blockchain
regulation
Customer
Crypto exchange Hotbit says it froze customer funds due to alleged criminal ties of formal employee
On Thursday, cryptocurrency exchange Hotbit said it "suspended trading, deposit, withdrawal and funding functions," with no timeframe for resumption. In explaining the decision, Hotbit stated:
10.08 / 14:16
Blockchain
Digital
Aware
Career
Financial
Hong Kong Can Serve Global Community through Web 3 Involvement: Ex-Financial Secretary
The former financial secretary of Hong Kong said Wednesday that the virtual economy would be important to Hong Kong, encouraging the young generation to be active through web 3 involvement and technology adoption.
10.08 / 14:16
Blockchain
Digital
Platform
Arrow
Paradigm Shift amid Global Crypto Chain Reactions
Crypto industry leaders on Wednesday discussed the landscape change amid the market downturn over the past half year.
10.08 / 13:31
Strategy
InvestHK opens CBDC Fast Track programme
Shortlisted applicants will then enter a pitching session and compete for three awards covering business use case, technology and ecosystem approach. All qualified candidates will also be given the opportunities to work with the HKMA on research projects and pilots.The move follows the publication in April of a HKMA discussion paper on the policy and design aspects of a potential e-HKD.
09.08 / 09:31
Blockchain
Adoption
NFT
Metaverse
rights
KBW 2022: Digital property rights key to thriving Web3 economy — Animoca’s Yat Siu
Yat Siu, co-founder of Hong Kong-based venture firm Animoca Brands has argued that on-chain digital property rights are the main aspects of blockchain technology that will drive a more decentralized society.
09.08 / 08:17
IPO
Alibaba gets Hong Kong's approval for a primary stock listing
BEIJING — Chinese e-commerce giant Alibaba is making Hong Kong a «primary» listing for its shares, paving the way for mainland China investors to trade the stock directly.
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