Hong Kong Financial News

11.03 / 08:27

Citi SEC Baidu Hong Kong shares of dual-listed Chinese companies plunge as U.S.-delisting fears resurface

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10.03 / 05:29

cryptocurrency crypto news cryptocurrency news US charges two siblings in $124 million cryptocurrency fraud

cryptocurrency executive and civil charges against him and his sister, accusing them of defrauding retail investors out of millions of dollars with a digital token known as Ormeus Coin. In papers filed in Manhattan federal court, the Justice Department said John Barksdale lied about the value and profitability of Ormeus Coin's mining assets, including that the coin was backed by a $250 million mining operation generating more than $5 million of monthly revenue. Barksdale and his sister JonAtina Barksdale were separately charged by the Securities and Exchange Commission with conducting fraudulent unregistered offerings of Ormeus Coin.

09.03 / 16:49

business Blockchain Adoption Dubai Lockdown to metaverse: Pandemic leads crypto entrepreneur to new business headquarters

Life gave crypto businessman Ilman Shazhaev lemons when he got stuck in Dubai in the wake of the COVID-19 lockdowns. However, like the old adage, he “made lemonades” by recognizing the opportunities in the country.

08.03 / 15:01

NFTS OKX OKX partners with Jack Ma-owned newspaper to launch NFTs

OKX, a crypto trading platform, has announced a partnership with Jack Ma-owned South China Morning Post (SCMP), a 118-year-old Hong-Kong based English daily, to create NFTs. OKX, which claims to be the world’s second-largest crypto exchange by spot trading volume, will enable the publication to create NFTs of their historical archives consisting of video clips, stories and coverage of historical events. Jay Hao, OKX CEO, said, «There is significant potential in the crypto and metaverse space and OKX is striving to create a more welcoming environment for all. Our collaboration with SCMP is just the beginning of this ambitious program.»

07.03 / 13:07

UPS China’s Export Boom Eases, Raising Pressure for Stimulus

HONG KONG—China’s strong export momentum ebbed slightly in the first two months of this year as the pandemic-driven global boom in demand for the country’s goods fades, adding pressure on policy makers to prop up growth through further stimulus.

07.03 / 12:33

Target China’s Robust Growth Target Points to More Stimulus Ahead

HONG KONG—By calling for growth of 5.5% this year, China’s leaders have set a relatively high bar for an economy facing a litany of challenges at home and abroad—and paved the way, economists say, for more aggressive stimulus measures in the coming months.

06.03 / 20:37

Blockchain Stablecoin Adoption Gold Stablecoins will have to reflect and evolve to live up to their name

In the case of stablecoins, unfortunately, the name is so far a misnomer. The fact that stablecoins are pegged to a “real” asset does not equate to stability. Traditional underlying assets are not exempt from market fluctuations, and with the majority of stablecoins pegged to fiat, they can be just as unstable.

04.03 / 19:29

markets Bitcoin Bitcoin Price US stocks Threat Bitcoin declines with US stocks as nuclear threat ripples through markets

Bitcoin (BTC) bulls saw no relief at the Wall Street open on March 4 as $40,000 support appeared on the horizon.

04.03 / 17:38

Blockchain NFT Google Internet Google Trends data reveals that no one cared about metaverse or NFTs in 2022

While the worldwide search interest for the keywords “metaverse” and “NFT” boomed in the last quarter of 2021, Google Trends data shows that the hype may have passed since February 2022.

03.03 / 16:41

In China, Fewer Are Willing to Splurge as Economic Worries Mount

HONG KONG—More than two years into the pandemic, China has a problem that would seem very unfamiliar in the U.S. It can’t convince its people to spend more money.

03.03 / 04:04

business OTC Bitcoin Hong Kong-listed Huobi Tech launches cryptocurrency OTC service

Hong Kong-listed virtual asset platform Huobi Technology Holdings has launched a cryptocurrency over-the-counter (OTC) service, the firm announced to Cointelegraph on Wednesday.

01.03 / 20:39

MARKET Ukraine war Bitcoin Bitcoin Pushes Higher Again with Ukraine War Turning into ‘Great Test Case’ for BTC

Bitcoin (BTC) and the broader crypto market continued to rise strongly today, as more analysts drew a parallel between the current market action and bitcoin’s role as sovereign money in a world heavily impacted by war and sanctions. According to the crypto exchange Bitfinex, the war in Ukraine could prove to be the first “great test case” for bitcoin.

28.02 / 09:43

Manufacturing Platform Токены HANS Chinese electric car start-up Nio plans to list in Hong Kong on March 10

BEIJING — U.S.-listed Chinese electric car company Nio is set to offer its shares for trading in Hong Kong on March 10, the start-up announced Monday.

25.02 / 23:39

markets stocks Bitcoin Bitcoin traders say $34K was the bottom, but data says it’s too early to tell

Bitcoin (BTC) price traded down 23% in the eight days following its failure to break the $45,000 resistance on Feb. 16. The $34,300 bottom on Feb. 24 happened right after the Russian-Ukraine conflict escalated, triggering a sharp sell-off in risk assets.

25.02 / 09:15

regulation BitMEX Money laundering Arthur Hayes BitMEX founders plead guilty to Bank Secrecy Act violations

The founders of crypto exchange BitMEX have pled guilty to violating the Bank Secrecy Act after a lengthy litigation process with the U.S. Department of Justice (DOJ).

24.02 / 13:13

Blockchain Binance Digital Platform Sky Mavis HK HK-based Ucollex Raises $10M in Funding, Led by Animoca Brands

Hong Kong-based non-fungible token (NFT) platform Ucollex closed a $10 million Series A funding round led by Animoca Brands and the MCP IPX One Fund from Japanese investment firm MCP Asset Management.

24.02 / 11:27

Citi DOW government bonds safe Russian invasion of Ukraine sends investors after safe stocks — lifting oil, gold, government bonds

Investors rushed for safety, pushing down stocks and lifting the prices of oil, gold and government bonds, after Russian missiles and airstrikes hit Ukraine’s capital, Kyiv, and more than a dozen other cities across the country.

24.02 / 11:09

markets Bitcoin Bitcoin Price Ruble Time Low Bitcoin dips 12% as Russian ruble hits all-time low against USD on Ukraine 'military operation'

Bitcoin (BTC) fell to $34,300 overnight on Feb. 24 as geopolitical tensions in Europe boiled over.

23.02 / 15:25

cryptocurrency Provident Digital London Stock Exchange London Stock Exchange Buys Cloud-Based Tech Provider TORA For $325 Million

LSEG bought a stake in London-based Nivaura in 2019.

23.02 / 11:23

cryptocurrency Provident Digital London Stock Exchange London Stock Exchange Buys Coud-Based Tech Provider TORA For $325 Million

LSEG bought a stake in London-based Nivaura in 2019.

22.02 / 21:21

Platform Bitcoin Japan debunks the latest in the gamut of cryptocurrency scams

Impersonation scams in the cryptocurrency industry abound, with hundreds of fake Elon Musk’s and Michael Saylor’s offering huge returns on social media to entrap the uninitiated. While in the past, many governments and the personalities themselves have issued warnings against the same, scamsters in the crypto space have shown no intention of withholding their creativity. This was recently highlighted by the Japan Exchange Group (JPX), which issued a warning about a new type of impersonation scam now doing the rounds.

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