Hong Kong Financial News

20.06 / 14:13

UPS Citi Provident Platform HK HK's PANGU Plays a Magician in Metaverse, Expanding P2E Model for Business Growth

Hong Kong-based start-up PANGU, a metaverse agency appointed by Sandbox, is helping clients to enter into the metaverse by providing asset creation and branding consultation services. The company said it is building various business models, including the play-to-earn (P2E) model for clients to support its growth.

20.06 / 14:13

UPS Twitter Platform Bitcoin network Time Need More Time to Resume Operations: Celsius Network

Crypto lender Celsius Network said Monday that it needs more time to resume its operation by stabilizing its liquidity and further pausing activities on Twitter.

20.06 / 05:25

Terra Bitcoin week Crypto's excruciating week has traders bracing for next crisis

In between, a nascent technocratic industry with grand ambitions to reinvent the financial system was rocked repeatedly by echoes of past crises in the old system. It was a week of margin calls, forced selling and important collateral being exposed as way too illiquid in a time of crisis. There were rumblings of hedge-fund blowups, tales of opportunistic predatory trading, job cuts and loud denials of problems from key players proven wrong almost immediately. Amid it all, the myth was shattered once and for all that this new crypto financial system was somehow immune to — or even able to benefit from — the economic fundamentals currently punishing the old system.

19.06 / 14:13

cryptocurrency CryptoExplainer We're Sorry, But We Can't Return Your Money Right Now: Crypto Market Talk

Cryptos excruciating week has traders bracing for next crisis

19.06 / 08:19

business Blockchain Adoption data BIS to launch market intelligence platform amid stablecoin, DeFi collapse

The Bank for International Settlements (BIS) Innovation Hub announced the launch of a new set of projects targeting various aspects of traditional and crypto payments — including a cryptocurrency market intelligence platform and security for retail central bank digital currency (CBDC).

19.06 / 01:55

Williams USDT Bitcoin Bitcoin’s street cred in the face of a bear market has been pretty…

The crypto bears have been in full swing recently without any respite. All major cryptocurrencies are resting in red with the stablecoin massacre now raining over MIM [Magic Internet Money]. UST has vanished, USDD and USDT are struggling underwater. This has increased a lot of pressure on the crypto market.

18.06 / 10:41

UPS cryptocurrency Bitcoin 2020 Time Bitcoin breaches $20,000 for the first time since 2020 on fiscal tightening

Bitcoin fell below $20,000 for the first time since December 2020 as evidence of deepening stress within the crypto industry keeps piling up against a backdrop of monetary tightening.

18.06 / 08:53

cryptocurrency news Withdrawals Freezing Of Crypto Withdrawals Rising; Hong-Kong's Babel Joins The List

Crypto lender Babel Finance suspends withdrawals as markets slump

17.06 / 16:09

business regulation Asia Withdrawals Crypto lender Babel Finance halts withdrawals due to liquidity pressures

Hong Kong-based asset manager Babel Finance is the latest cryptocurrency lending firm experiencing some serious issues amid the ongoing market downturn.

17.06 / 13:27

COST Digital Strategy HKMA retail CBDC HKMA Announces Joint Research with Bank of Israel, BISIH for Retail CBDC

The Hong Kong Monetary Authority (HKMA) announced joint research with the Bank of Israel (BOI) and the Bank for International Settlements Innovation Hub (BISIH) Hong Kong Centre for retail Central Bank Digital Currency (CBDC).

16.06 / 22:29

Altcoin Ether price Terra Luna Bitcoin Three Arrows Capital has failed to meet margin calls: Report

Venture firm Three Arrows Capital (3AC) has reportedly failed to meet margin calls from its lenders, raising the spectre of insolvency after this week’s crypto market collapse triggered unforeseen liquidations for the Singapore-based company.

16.06 / 13:31

Trading Exchange Three Arrows Capital Three Arrows Capital ‘Ghosted Us’ After USD 1M Went Missing, Trading Firm Claims

The drama surrounding the troubled crypto hedge fund Three Arrows Capital is continuing, with one trading firm now saying USD 1m was removed from its trading account by the hedge fund, and that Three Arrows Capital’s co-founder Kyle Davies can no longer be reached.

16.06 / 12:47

Provident Platform Samsung Following Meta, Yahoo Announces Metaverse Activities in Hong Kong

American web services provider Yahoo has announced that it is launching a series of metaverse activities in Hong Kong.

16.06 / 11:57

CoinShares Wall Street Journal Bitcoin Low Bitcoin tumbles to new 18-month low as crypto sell-off accelerates

Bitcoin tumbled on Wednesday to a new 18-month low, dragging smaller tokens down with it and spurring a sharp fall in crypto markets sparked by crypto lender Celsius freezing customer withdrawals. The world's largest cryptocurrency fell as much as 7.8% to $20,289, its lowest since December 2020. It has lost around 28% since Friday and more than half of its value this year. Since its record high of $69,000 in November, it has slumped about 70%. Cryptocurrencies have been hit hard this week after U.S. crypto lender Celsius froze withdrawals and transfers between accounts, stoking fears of wider fall-out in digital asset markets already shaken by the demise of the terraUSD and luna tokens last month.

16.06 / 09:17

Facebook Blockchain restrictions events Yahoo launching Metaverse events for Hong Kong residents under restrictions

Yahoo has announced a series of Metaverse and NFT-related activities in Hong Kong, a day after Meta Platforms outlined its own metaverse plans for the region.

16.06 / 09:17

Law BitMEX Court Jail BitMEX co-founder Benjamin Delo avoids jail, receives 30 months probation

Benjamin Delo the co-founder of cryptocurrency exchange BitMEX has been sentenced to 30 months probation for violating the Bank Secrecy Act (BSA), which is an anti-money laundering law.

15.06 / 22:17

CoinShares Digital Asset Wall Street Journal Bitcoin Bitcoin tumbles as crypto sell-off accelerates

15.06 / 16:31

markets business cryptocurrency Bitcoin Low Bitcoin falls to fresh 18-month low as crypto meltdown deepens

Bitcoin tumbled on Wednesday to a new 18-month low, dragging smaller tokens down with it and deepening a market meltdown sparked by crypto lender Celsius this week freezing customer withdrawals.

14.06 / 12:45

Provident Aware Adventure Drop PANGU Announces 'PANGU ECOLAND' NFT drop from June 14

Hong Kong-based Metaverse startup agency PANGU by Kenal (PANGU) announced that it will be launching the 'PANGU ECOLAND' NFT drop from June 14 at 11 pm local time.

13.06 / 12:29

UPS Provident Digital Bitcoin pension Bitcoin Investment in Pension Portfolio Diversifies Inflation Risk: First Digital Trust CEO

Blockchain.News recently had a conversation with Mr. Vincent Chok, the CEO of Hong Kong-based First Digital Trust, a technology-driven financial institution powering the digital asset industry, to help explore whether the cryptocurrency can be considered a viable addition to pension funds.

12.06 / 13:07

cryptocurrency NFT India leads in crypto-based P2E games; can it retain the throne?

Non Fungible Tokens (NFTs) might have fizzled out in 2022 but NFT-based gaming has advanced rapidly. An average crypto user has adopted the new gaming fashion at a very fast pace in the last one year. Even Finder's latest report on Global NFT gaming adoption stands by it. Users have grown at a much faster pace than the average population in various countries in the past 1 year. The fact is evinced by a recent report published by Finder.

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