Business /

Cryptocurrency

Related Topics:
Bitcoin
Blockchain
HashKey executives and other exchange and government officials at the gong-striking ceremony to mark the company’s trading debut on the Hong Kong stock exchange on Wednesday. Photo: Karma Lo
IPO

HashKey shares debut flat in Hong Kong amid bitcoin bear market

The firm, one of 11 licensed virtual asset trading platforms in Hong Kong, raised US$206 million in the city’s first crypto-native IPO.

Banking & finance

Hong Kong needs to attract global champions to broaden fundraising base: FSDC

Blockchain

Coins in sand: how the UAE draws in the global crypto community

Banking & finance

Swift tests blockchain with Ant International and HSBC in cross-border trial

By using the ISO 20022 messaging standard, the partners say they can make tokenised deposits interoperable with legacy systems.

Singapore-based Ant International and HSBC connected Ant’s blockchain infrastructure to Swift’s network, allowing real-time cross-border treasury management. Photo: Shutterstock
Singapore-based Ant International and HSBC connected Ant’s blockchain infrastructure to Swift’s network, allowing real-time cross-border treasury management. Photo: Shutterstock
Cryptocurrency

Bitcoin drops below US$90,000 as AI worries sour risk appetite

The fall signals renewed market jitters after the historic crypto crash in October.

Banking & finance

Hong Kong eyes info sharing on crypto assets to combat tax fraud, evasion

Compliance with OECD framework is of ‘paramount importance’ to maintain Hong Kong’s reputation as a finance hub, secretary says.

videocam
Advertisement
Advertisement
Advertisement
Hong Kong Monetary Authority (HKMA)

Hong Kong financial hub gets gold star for governance, red flag on readiness

Hong Kong has been ranked the world’s No 4 financial hub in a new NYU Abu Dhabi index, but trails rivals on growth and innovation.

The inaugural Financial Centres Competitiveness Index (FFCI), unveiled at Abu Dhabi Finance Week, ranked Hong Kong fourth overall, behind New York, London and Singapore. Photo: Coco Feng
The inaugural Financial Centres Competitiveness Index (FFCI), unveiled at Abu Dhabi Finance Week, ranked Hong Kong fourth overall, behind New York, London and Singapore. Photo: Coco Feng
IPO

HashKey aims for US$214 million in Hong Kong IPO amid Beijing’s crypto pressure

Retail investors oversubscribe crypto exchange operator’s offering despite China central bank’s tough stance on virtual assets.

Hong Kong

Crypto exchange Gate weighs Hong Kong licence return amid high compliance costs

Hong Kong’s policies pose some difficulties and covering the cost of operating locally is difficult, founder and CEO Lin Han says.

Blockchain

Crypto giant Binance appoints co-founder He Yi as co-CEO

He, who has children together with founder Zhao Changpeng, will share the title with Richard Teng.

Binance co-founder and co-CEO He Yi speaks at the Hong Kong Web3 Festival in April. Photo: Matt Haldane
China digital currency

Beijing’s crypto warning casts shadow over Hong Kong’s stablecoin ambitions

Hong Kong’s pioneering stablecoin rules have attracted 30 applicants – will Beijing’s latest warning force the city to rethink its ambitions?

The People’s Bank of China has said stablecoins do not meet the mainland’s requirements on customer identification and anti-money laundering. Photo: Shutterstock
The People’s Bank of China has said stablecoins do not meet the mainland’s requirements on customer identification and anti-money laundering. Photo: Shutterstock
IPO

Hong Kong crypto exchange HashKey wins listing nod in test of investor appetite

HashKey could raise around US$300 million this month amid Hong Kong’s push to develop its digital asset sector.

Fintech

Does tokenisation in China risk a repeat of the P2P lending crisis?

Tokenisation provides value, but the interest of multilevel marketers raises ‘genuine concerns’, forum speaker says.

China economy

Bitcoin mining in China rebounds, defying 2021 ban

Individual and corporate miners exploit cheap electricity and a data-centre boom in some energy-rich provinces, miners and industry data say.

China crept back to third place with a 14 per cent share of bitcoin mining at the end of October, according to Hashrate Index. Photo: Shutterstock
Fintech

Hong Kong and Malaysian firms launch tokenised AI infrastructure fund

‘World’s first’ global-grade AI infrastructure tokenised fund gives investors access to growing demand from Asean: Tykhe and Skyvast.

The launch comes after Hong Kong unveiled a five-year fintech strategy earlier this month, pledging to advance AI and tokenisation initiatives. Photo: Shutterstock
The launch comes after Hong Kong unveiled a five-year fintech strategy earlier this month, pledging to advance AI and tokenisation initiatives. Photo: Shutterstock
Fintech

Hong Kong’s tokenisation drive set to boost treasury centres, investments

Tokenisation could increase the efficiency of corporate treasury centres, which help clients manage global finances, market players say.

Cryptocurrency

Cryptocurrency market extends slide as bitcoin falls below US$86,000

The slump has options traders eyeing the US$85,000 threshold for market bellwether bitcoin.

Advertisement
Advertisement
Advertisement
Banking & finance

Asia-Pacific investors brace for market correction in 2026: survey

Top concerns include a potential tech bubble, geopolitical tensions and recession, according to Natixis.

An electronic board at the Lujiazui financial district in Shanghai showing the Shanghai and Shenzhen stock indices. Photo: Reuters
An electronic board at the Lujiazui financial district in Shanghai showing the Shanghai and Shenzhen stock indices. Photo: Reuters
Cryptocurrency

Chinese crypto founders shelve US$500 million ether digital asset treasury plan

Proponents call off the project amid the worsening cryptocurrency market conditions.

Fintech

China ‘cements global AI leadership’ as Hong Kong builds niche as innovation hub

Beijing’s state-led strategy is among governance models shaping AI competitiveness worldwide, think tank Deep Knowledge Group says.

Alibaba

‘Extreme fear’: bitcoin crash hits Hong Kong-listed firms tied to digital assets

Bitcoin dives below US$90,000, impacting firms that had boosted their shares by rolling out various digital asset strategies.

The crypto crash has thwarted digital asset treasury companies, whose main strategy is holding large amounts of cryptocurrencies. Photo: Handout
Bitcoin

Bitcoin ETF investors in the red after cryptocurrency’s US$89,600 level breaks

The breach marks a test of mettle for investors, underscoring how fast optimism has faded in cryptocurrency markets.

While ETFs have been hailed as safer entry points into digital assets, bitcoin’s recent drop is a reminder that crypto’s notorious volatility has not vanished. Photo: Shutterstock
While ETFs have been hailed as safer entry points into digital assets, bitcoin’s recent drop is a reminder that crypto’s notorious volatility has not vanished. Photo: Shutterstock
Blockchain

Bitcoin erases year’s gain as crypto bear market deepens

‘The general market is risk-off,’ one analyst says.

Cryptocurrency

US, Chinese authorities ramp up actions against syndicates running crypto scams

Syndicates either trick or coerce targeted victims to invest in bogus schemes and transfer funds via bitcoin, ether or stablecoins.

videocam
Banking & finance

Hong Kong moves from theory to practice with real-value tokenised money, asset deals

Live transfers of tokenised deposits signal Hong Kong’s shift from proof of concept to production-grade digital-asset settlement.

The HKMA has begun facilitating real-value transactions involving tokenised deposits and digital assets. Photo: May Tse
Help preserve 120 years of quality journalism.
SUPPORT NOW