Blockchain

A bill about stablecoins is making its way through the Legislative Council. Photo: Shutterstock

Digital currencies

Banking & Finance

As stablecoin bill advances in Hong Kong legislature, advocates trumpet it

Stablecoins have the ability to expand their usage in the real financial economy, according to industry experts.

26 Dec 2024 - 11:30AM

Cryptocurrency

Bitcoin records first weekly decline since Donald Trump’s US election victory

23 Dec 2024 - 3:58PM

Digital currencies

Hong Kong licenses 4 more crypto exchanges amid bitcoin price surge

18 Dec 2024 - 8:56PM

Blockchain

Cryptocurrency

Chinese fund touts offshore crypto exposure amid bitcoin boom

The fund boasted in the ad that it is heavily invested in Coinbase, a US cryptocurrency exchange listed in New York.

13 Dec 2024 - 7:00AM

Bitcoin tokens and a price chart are seen in this illustration picture taken November 21, 2024. Photo: Reuters

Blockchain

Digital currencies

US bankers cautious about crypto amid expectations of regulatory easing

Goldman Sachs CEO David Solomon said the Wall Street giant would ‘evaluate’ dealing in top cryptocurrencies like bitcoin and ether if rules change.

12 Dec 2024 - 11:40AM

Big Tech

Semiconductors

China launches antitrust probe into US chip giant Nvidia in tech war escalation

The action is an apparent response to Washington’s tightened chip restrictions against China.

9 Dec 2024 - 9:20PM

Policy

Digital currencies

Hong Kong’s crypto faithful favour local regulations, fear ‘unpredictable’ Trump

The chair of the Silk Road Economic Development Research Centre said the city still has a chance to lead in Web3 in the next decade.

7 Dec 2024 - 7:47AM

Some still see room for Hong Kong to be a global leader in cryptocurrency, even as momentum shifts to the US in anticipation of Donald Trump’s return to the presidency. Photo: Shutterstock

Banking & Finance

Digital currencies

Hong Kong to introduce stablecoin bill to regulate virtual token

The government published the Stablecoins Bill in the gazette on December 6; first reading in the Legislative Council set for December 18.

6 Dec 2024 - 7:45PMvideocam

Blockchain

Digital currencies

China’s selfie app Meitu sells all crypto before bitcoin hit US$100,000

Meitu netted US$80 million on bitcoin and ether holdings, exiting the crypto market amid a historic rally after the US re-elected Donald Trump.

5 Dec 2024 - 1:00PMvideocam

Tech Trends

Cryptocurrency

Bitcoin tops US$100,000 for the first time on Trump crypto bump

Bitcoin has more than doubled in value this year and is up more than 45% in the four weeks since Trump’s election win.

5 Dec 2024 - 1:59PM

Blockchain

Digital currencies

Bybit CEO says Chinese can trade crypto though VPN, but not with yuan

Bybit CEO Ben Zhou says the company plans to reapply for a Hong Kong licence next year even though regulators bar selling crypto to mainlanders.

5 Dec 2024 - 11:06PMvideocam

Bybit co-founder and CEO Ben Zhou said the cryptocurrency exchange would not cross China’s “red line” of allowing trading in yuan. Photo: Shutterstock

Blockchain

Digital currencies

Decentralised kingdom: bitcoin’s Trump bump and how China lost its crypto crown

As the world’s factory, China cornered the market on bitcoin mining, leading to a flurry of crypto business activity before a harsh crackdown in 2021.

2 Dec 2024 - 11:35PMvideocam

Blockchain

Hong Kong offers grants to boost tokenised bond issuance

The city’s de facto central bank is handing out up to HK$2.5 million in subsidies per issuance to qualified tokenised-bond issuers.

28 Nov 2024 - 7:00PM

Blockchain

Cryptocurrency

Justin Sun invests US$30 million in Trump crypto tokens after banana artwork deal

Sun’s moves come amid booming cryptocurrency prices fuelled by excitement around the re-election of former US president Donald Trump.

27 Nov 2024 - 6:00PM

Donald Trump gestures at the Bitcoin 2024 event in Nashville, Tennessee, US, July 27, 2024. Photo: Reuters

Big Tech

Semiconductors

Nvidia meets Chinese trade negotiator as fresh US chip sanctions loom

China’s top trade negotiator and key figure during Trump’s first term met Nvidia’s global business head amid reports of fresh US export restrictions.

25 Nov 2024 - 9:10PM

A man walks past the Nvidia logo at the company’s AI Summit in Mumbai on October 24. Photo: Reuters

Blockchain

Bitcoin’s march towards historic US$100,000 level stalls

‘Bitcoin was extremely overbought since the election,’ one analyst says.

25 Nov 2024 - 9:51AM

Blockchain

Bitcoin hits US$97,000 as crypto sector seeks White House post

The world’s largest digital asset reaches an all-time high in Asia on Thursday.

21 Nov 2024 - 1:51PM

Blockchain

Digital currencies

Shanghai court says crypto ownership legal in China amid bitcoin price surge

In an opinion on a recent lawsuit, a Shanghai judge wrote that cryptocurrencies have the attributes of property and thus holding it is legal.

20 Nov 2024 - 11:08PM

Representations of bitcoin seen in this illustration picture taken in Paris on March 9. Photo: Reuters

Blockchain

Digital currencies

Hong Kong bitcoin ETFs finally see trading surge after Trump bump in the US

The city’s three spot bitcoin ETFs became active trading targets this week, with US$17 million trading hands on Tuesday.

15 Nov 2024 - 6:30PM

United States & Canada

United States

US man behind Hong Kong bitcoin exchange heist gets 5-year sentence

Ilya Lichtenstein stole about 120,000 bitcoin from Bitfinex in 2016 and laundered funds with the help of his wife, Heather Morgan.

15 Nov 2024 - 10:29AM

Blockchain

FTX sues Binance and former CEO ‘CZ’ for US$1.8 billion

The lawsuit relates to Binance’s sale of its stake in FTX, the rival exchange founded by the now-imprisoned Sam Bankman-Fried.

12 Nov 2024 - 11:00AM

Zhao Changpeng, founder and former CEO of Binance. Photo: Reuters

OPINION

James David Spellman

Opinion | Why central banks must quickly but conscientiously reckon with AI

2 Jul 2024 - 4:30PM

Danny Chong

Opinion | How crypto can help restore Hong Kong’s financial glory

2 Jun 2024 - 6:26AM