Hong Kong Financial News

Former head of TikTok's gaming set to start a blockchain gaming startup called Meta0

Cryptocurrency exchange Bullish.com has joined other crypto companies in making layoffs to tackle the massive market downturn.

A subsidiary of the Huobi cryptocurrency exchange called HBIT Inc has received its Money Services Business (MSB) license from the United States Financial Crimes Enforcement Network (FinCEN).

Cardano (ADA)'s long-awaited Vasil upgrade, which aims to improve the network's scalability and performance, has gone through the testnet "successfully" and is expected to deploy on the mainnet in a month.

SINGAPORE & HONG KONG – JUNE 28, 2022 Hong Kong Digital Asset Exchange Limited (HKD.com), a leading digital asset exchange in Hong Kong, today announces that the company has entered a joint strategic partnership and merger and acquisition with Technicorum Holdings (www.technicorum.com), diving further into the $163 billion annual global blockchain market. The merger company, formerly known as Gravitas International Associates Pte Ltd, a Singapore regulated Payment Services Act exempt company, will be newly renamed as HKD.com (Singapore) Pte Ltd, which will allow both groups to leverage each other's strengths and networks to get more deeply entrenched in the blockchain industry. With regulated payment services globally, a leading centralised exchange app and platform, a regulated token launchpad, expertise from ICO’s to IEO’s, IDO’s, IGO’s, DeFi and NFT’s, as well as recently GameFi, SocialFi, and the Metaverse, this strategic partnership is a great enabler for both HKD.com as well as Technicorum.

BEIJING — Chinese President Xi Jinping arrived Thursday in the special administrative region of Hong Kong, state media said.

Cardano (ADA) blockchain developer Input Output Hong Kong (IOHK) has submitted an update proposal to hard fork the Cardano testnet, kicking off the countdown for the network's Vasil mainnet upgrade.

The Vasil launch date has been decided upon yet again, as per the Input Output Hong Kong (IOHK). The earlier launch date of 28 June was rescinded due to ongoing market volatility. The date for Vasil testnet has been released along with the preliminary for mainnet as well. Now, you might ask if it will be an exciting time ahead for ADA holders.

Bitcoin (BTC) returned under $20,000 on June 29 as analysts stayed hopeful of a trip higher.

Hong Kong-based digital asset custody provider Hex Trust announced the integration of the Polkadot blockchain network into Hex Safe.

Samsung Asset Management (Hong Kong) Limited («SAMHK») announced the launch of the first APAC metaverse theme active ETF in Hong Kong in July, titled Samsung Asia Pacific ex NZ Metaverse Theme ETF (Exchange Ticker: 3172.HK).

Top crypto projects such as Cardano [ADA] seem to have doubled down on their growth and development during the bear market. Input Output Hong Kong (IOHK), the company responsible for developing the Cardano blockchain announced a development milestone.

The last six odd months has seen the cryptocurrency market witness an unparalleled amount of financial volatility, so much so that the total capitalization of this fast-maturing space has dropped from $3 trillion to approximately $1 trillion. This comes after the industry hit all-time highs across the board last November, with Bitcoin (BTC) reaching a price point of $69,000.

This week’s newsletter highlights Yahoo’s plans to get involved in nonfungible tokens (NFTs) and metaverse-based projects. Also, watch manufacturer TAG Heuer is dipping its toes into NFTs, and digital collectible platforms in China have increased in number despite warnings from the government.

A former senior manager at crypto exchange Huobi has been accused of illicit trading, according to a report from the Financial Times.

The 2.8-million nation of Qatar is going to join a growing range of countries, experimenting with the central bank digital currency (CBDC) concept. The Qatar Central Bank (QCB) is currently “in the foundation stage” of issuing its digital currency. 

Input Output Hong Kong (IOHK), the blockchain engineering firm behind the Cardano network has released some “disappointing news”, announcing a one-month delay to the long-awaited Vasil upgrade.

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

Last week, the Celsius Network wrote its name in the alarming recent history of the crypto market failures alongside Terra. The American platform has unstaked $247 million worth of Wrapped Bitcoin (wBTC) from the Aave protocol and sent it to crypto exchange FTX while putting the withdrawal option for users on a stop. 

Hong Kong-based crypto lending firm, Babel Finance, has eased some of its immediate liquidity troubles by reaching debt repayments agreements with some of its counterparties.

The top social media platform in China, WeChat, has updated its policies to ban accounts that provide access to crypto or NFT-related services.