Hong Kong Financial News

18.01 / 20:51

ETH Provident Twitter Platform Suspends Withdrawals Crypto.com Suspends all Deposits, Withdrawals due to Suspicious Transactions

Crypto wallet provider and trading platform Crypto.com said it will stop all deposits and withdrawals due to suspected unauthorized transactions on the platform.

18.01 / 19:37

Blockchain Citi Digital Simulation Future HK HolyShxxt!'s NFT and Future GameFi plans Shows HK's Potential

Hong Kong-based HolyShxxt!'s release of NFTs and their plan to launch a strategic football management simulation GameFi shows the potential growth of the fusion of gaming and blockchain-powered financialization in the city and globally.

18.01 / 18:28

Binance Bitfinex Platform Poloniex Crypto Exchange Bitfinex to Stop Serving Ontario Crypto Investors

Hong Kong-based cryptocurrency exchange Bitfinex announced it would be leaving the Ontario market, Canada's most populous, reminding users that should withdraw all their capital on or before March 1.

18.01 / 17:44

Provident Toyota Deal Australian Crypto.com Signs 5-Year Deal with Australian Football League, Worth $25m Sponsorship

Hong Kong-based Crypto.com — one of the most fastest-growing cryptocurrency exchanges, said Monday, January 17, that it has signed a five-year partnership agreement with the Australian Football League (AFL).

18.01 / 15:41

Ripple Action In China, the Economic Buzzword for 2022 Is Stability

HONG KONG—China’s leaders spent much of 2021 rolling out a blizzard of new regulations aimed at addressing long-running imbalances in the economy. This year, Beijing wants to ensure the ripple effects of those moves don’t cause too much disruption.

18.01 / 15:33

business Funding Metaverse Venture Capital NFT-focused Animoca Brands valued at $5B following $358M raise

Hong Kong-based software and venture firm Animoca Brands has secured $358.8 million in capital investments to fuel new acquisitions in the nonfungible token (NFT), gaming and metaverse sectors, further cementing crypto’s biggest trends in 2022.

17.01 / 14:41

UPS China Seeks to Cushion Blow of Economic Pain as Momentum Slows

HONG KONG—Last year, Chinese policy makers shook up the world’s second-largest economy just as its rebound from the pandemic was starting to wear off, unleashing a flurry of measures to address longer-term economic imbalances—and delivering a short-term hit to business activity.

15.01 / 09:35

Blockchain Stablecoin Usd Coin Framework regulatory Hong Kong begins discussions to introduce stablecoin regulatory framework

Hong Kong's central banking institution, the Hong Kong Monetary Authority (HKMA), released a questionnaire to gauge public opinion on regulations for crypto-assets and stablecoins. The state-backed regulator intends to establish a regulatory framework by 2023-24.

15.01 / 00:37

business Disney virtual reality Going meta: Disney, Second Life and K-pop

Following the announcement that Facebook’s parent company would be rebranding in a shift towards the Metaverse, many projects have started similar initiatives entering the virtual space, from buying property to testing the limits of what this universe has to offer.

13.01 / 20:41

business HK Japan-based crypto exchange DeCurret plans to sell to HK's Amber Group: report

The holding company behind DeCurret, the Japan-based company offering trading and exchanges of digital assets, reportedly plans to sell its crypto business to investment platform Amber Group.

13.01 / 12:45

Adoption Visa survey shows that 24% of SMBs plan to accept crypto payments

Back in 2021, a study showed that there is a high demand for cryptocurrency payment abilities among both crypto holders and non-holders. However, in the same study, 50% of participants noted that there are not enough businesses that accept crypto. This may change very soon.

12.01 / 19:59

Blockchain Ethereum BitMEX Bitcoin regulatory Banks Launch Stablecoin Consortium, Crypto Regulatory Discussion in Hong Kong + More News

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

12.01 / 17:23

Blockchain Target Digital CEO expansion Seba Bank Seba Bank eyes global expansion on €100 million funding round

Finma-approved Seba Bank is currently supporting over 25 markets globally, having strengthened its presence in Apac earlier this year by appointing a regional CEO to cover its operations in Hong Kong and Singapore. The Swiss bank has also opened an office in Abu Dhabi to target investors in the Middle east.Guido Buehler, CEO at SEBA Bank, says: “ With the support of such a strong group of investors, offering depth and breadth across the domains of finance, fintech, and blockchain, Seba Bank is privileged to access a wide range of new skills and capabilities to fast-forward our growth plans.

12.01 / 16:33

Stablecoin Tether Usd Coin Bitcoin reserves Hong Kong Monetary Authority aims to oversee stablecoin reserves

Hong Kong’s central bank, the Hong Kong Monetary Authority (HKMA), wants to supervise stablecoin issuance and reserves management.

11.01 / 23:56

Why Bridgewater’s Ray Dalio is backing China’s push for prosperity under President Xi Jinping

Bridgewater Associates founder Ray Dalio backed China’s push for “common prosperity”, or greater equality, under President Xi Jinping and said countries such as the US could benefit from a similar approach.

11.01 / 19:55

UPS China Covid-19 Lockdowns Hit Factories, Ports in Latest Knock to Supply Chains

HONG KONG—With Covid-19 flaring up across China, major manufacturers are shutting factories, ports are clogging up and workers are in short supply as officials impose city lockdowns and mass testing on a scale unseen in nearly two years.

11.01 / 17:38

Adoption regulation crypto framework Framework FTX founder urges regulators to create a unified crypto framework

Sam Bankman-Fried, the founder and CEO of crypto exchange FTX, reportedly called out regulators to create a single framework for digital assets in the Asian Financial Forum, an event organized by Hong Kong's government to highlight new opportunities within the region's economic landscape.

11.01 / 10:41

Why Bridgewater’s Ray Dalio is backing China’s push for prosperity under President Xi Jinping

Bridgewater Associates founder Ray Dalio backed China’s push for “common prosperity,” or greater equality, under President Xi Jinping and said countries such as the US could benefit from a similar approach.

10.01 / 20:59

NFT Hack Sport security Animoca Brands-Owned Lympo Hacked, LMT Token Goes on Wild Ride

Lympo, a developer of a sports non-fungible tokens (NFTs) ecosystem, confirmed that hackers stole LMT 165.2m (worth around USD 1.3m before the hack) from its operational hot wallet today. The token crashed around 78% in a few minutes before recovering part of its losses.

07.01 / 19:27

SEC economics Bitcoin Solana's Serum Raises USD 100M, Coinsuper vs. Crypto Traders, Euro Inflation Surprise + More News

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

07.01 / 19:01

Ethereum regulation Bitcoin Withdrawals Customers Hong Kong-based Coinsuper allegedly blocks customers' withdrawals

A cryptocurrency exchange in Hong Kong has reportedly stopped all withdrawal requests, according to reports. Coinsuper is the sole crypto firm in China that is licensed by the government, and was founded by a former senior UBS Group AG executive in November 2017.

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