Blockchain

An illustration featuring US President Donald Trump holding bitcoin outside a cryptocurrency exchange in Hong Kong on December 5. Photo: Reuters

Digital currencies

Consensus building: Crypto conference arrives in Hong Kong amid Web3 changes

Hong Kong is leaning into its role in traditional finance as it courts Web3 enthusiasts to the city for CoinDesk’s Consensus Hong Kong.

6 minutes agovideocam

Binance seeks pause in legal battle as Trump draws up crypto policy

12 Feb 2025 - 11:07AM

Artificial intelligence

DeepSeek’s growth in China surges past ByteDance’s Doubao in AI app race

6 Feb 2025 - 5:00PMvideocam

Digital currencies

Tencent-backed WeBank eyes Web3 expansion in Hong Kong

WeBank chief information officer Henry Ma said the virtual bank will be “deeply involved” in developing Hong Kong’s Web3 infrastructure.

1 Feb 2025 - 7:00AM

WeBank’s headquarters in Shenzhen. Photo: Handout

Trump’s crypto executive order could thwart Hong Kong’s virtual-asset-hub dream

The city is now moving to ‘adjust’ a proposal for regulating over-the-counter virtual-asset trading after receiving market feedback.

24 Jan 2025 - 9:30PM

Digital currencies

Hong Kong bitcoin ETFs could open to some mainland investors under new measures

New rules further opening up China’s financial markets could give some mainlanders access to cryptocurrency investment products for the first time.

23 Jan 2025 - 6:30PM

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Trump’s meme coin draws billions in crypto trading volume

Major exchanges like Coinbase and Binance say they intend to list Trump’s token on their platform, while Melania also unveiled a coin.

20 Jan 2025 - 9:58AM

US president-elect Donald Trump and his wife Melania visit the Arlington National Cemetery in Virginia on Sunday. Photo: AP Photo

Trump plans to make cryptocurrency a national priority, sources say

The US president-elect plans to release an executive order to advocate for the crypto industry’s policy priorities, according to sources.

17 Jan 2025 - 1:30PM

BitMEX fined US$100 million for violating anti-money-laundering laws

Prosecutors accuse BitMEX and its founders of failing to adopt anti-money-laundering and “know your customer” programmes.

16 Jan 2025 - 11:01AM

US trade office removes Tencent’s WeChat from counterfeit sellers list

WeChat was among six online Chinese platforms and nine bricks-and-mortar sellers added to the counterfeit goods list in 2022.

9 Jan 2025 - 3:54PM

Bitcoin doubles in 2024, as analysts expect more gains in 2025

‘We remain convinced US$100,000 is not the final milestone,’ analysts at brokerage Bernstein say.

2 Jan 2025 - 10:04AM

Bitcoin surged 120 per cent in 2024. Some analysts expect more gains this year. Photo: dpa

China’s new forex rules require banks to tighten scrutiny on crypto trades

The State Administration of Foreign Exchange wants banks to monitor and report risky trades, including those involving cryptocurrencies.

31 Dec 2024 - 9:00AM

Bitcoin rally loses steam in final days of record-breaking year

Bitcoin and its smaller rivals are struggling for traction, after the largest cryptocurrency surged to a record high last week.

27 Dec 2024 - 2:51PM

Digital currencies

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.

13 Jan 2025 - 9:25PM

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

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

The original cryptocurrency was down more than 7 per cent for the seven-day period through 9:27am on Monday in Singapore.

23 Dec 2024 - 3:58PM

The US Federal Reserve’s third straight interest-rate cut dampened the speculative spirits unleashed in the cryptocurrency market by Donald Trump’s pledge of friendly regulations. Photo: EPA-EFE

Digital currencies

Hong Kong licenses 4 more crypto exchanges amid bitcoin price surge

The approvals bring the total number of licenced virtual asset firms to seven, as Hong Kong moves to revive its crypto industry.

18 Dec 2024 - 8:56PM

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

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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

A CoinFlip bitcoin ATM seen at a gas station on December 9 in Pasadena, California. Photo: Getty Images via AFP

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

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

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

If passed, the Hong Kong Monetary Authority will be empowered to supervise, investigate and enforce the regulatory regime. Photo: Shutterstock Images

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

The logo of Meitu displayed at a news conference in Hong Kong on March 24, 2017. The company has struggled for years to monetise its popular photo and video editing apps, but its crypto investments have paid off after a recent price surge. Photo: Reuters

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

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

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.

13 Jan 2025 - 2:32PMvideocam

Momentum in the cryptocurrency industry appears to have shifted towards the US after Donald Trump was re-elected to the presidency, but some see this as temporary. Illustration: Henry Wong

Opinion | Will Trump’s AI and energy goals burst the US credit bubble?

Andrew Sheng

15 Feb 2025 - 10:51PM

James David Spellman

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

James David Spellman

2 Jul 2024 - 4:30PM

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

Danny Chong

2 Jun 2024 - 6:26AM

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