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Cryptocurrency

The suspects laundered the stolen bitcoin through various mixers and exchanges. Photo: Reuters

Singaporean living in Miami among 2 charged in US$230 million bitcoin theft

Malone Lam and Jeandiel Serrano allegedly spent the proceeds on nightclubs, luxury automobiles, watches and jewellery.

Malone Lam and Jeandiel Serrano allegedly spent the proceeds on nightclubs, luxury automobiles, watches and jewellery

Hong Kong sees biggest uptick in cryptocurrency activity in East Asia: report

Opinion | Will China’s latest crypto crackdown stifle its gaming industry?

Exclusive | Hong Kong weighs new OTC crypto scheme with SFC

A previous proposal had OTC cryptocurrency shops under the excise department, but some complained about confusing virtual asset rules, sources say.

Signage for bitcoin in Hong Kong on August 5, 2024. Photo: Bloomberg

Crypto exchange HashKey opens two new tokens to retail investors

The cryptocurrencies, among the top 20 but not household names, were chosen because some bigger tokens face legal disputes, CEO Livio Weng says.

Binance hiring 1,000 new staff as firm’s compliance spending tops US$200 million

The world’s largest cryptocurrency exchange plans to have a 700-strong compliance workforce by the end of 2024, up from about 500 at present, according to CEO Richard Teng.

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China’s money laundering crackdown puts crypto investors, USDT traders at risk

China’s highest court says use of virtual assets to transfer criminal proceeds is among a range of money laundering methods on the mainland.

The judicial interpretation by China’s highest court has raised the legal risks faced by mainland cryptocurrency investors when making trades. Photo: Shutterstock

Safeguards crucial as Hong Kong seeks slice of cryptocurrency pie

It is important to strike a balance between protecting investors’ interests and making a favourable regulatory environment for coin issuers.

AI has made Hongkongers more vulnerable to fraud but is also used to fight back

Fraudsters are using AI to convincingly portray themselves as acquaintances and steal digital identities, driving demand for hi-tech cybersecurity solutions.

Who’s Nicki Minaj’s rising rapper half-sister Ming Li – and what’s their beef?

Nicki Minaj’s 18-year-old half-sister Ming Li wants to make her own name for herself … so what do we know about the rookie rapper?

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Nicki Minaj’s half-sister Ming Li wants to make her own name for herself. Photos: @nickyminaj, @mingluanli/Instagram

Hi-tech fraud: here are the technologies changing the face of scams in Hong Kong

Emerging technologies like deepfakes, large language models and cryptocurrencies have made fraud easier than ever, with Hong Kong proving particularly vulnerable.

Emerging technologies have allowed for more sophisticated digital fraud that is becoming harder to detect before it is too late. Photo: Shutterstock

Virtual banks must serve Web 3 better, says Hong Kong crypto advocate

Legislator Johnny Ng’s call to action follows the decision this week by the Hong Kong Monetary Authority to stop issuing licenses for branchless banks, giving the city’s eight licensed operators room to grow.

Hong Kong virtual bank Mox starts bitcoin, ether ETF trading

Mox says it is the first virtual bank to offer spot cryptocurrency ETFs as part of an effort to offer a holistic banking and investing solution to customers.

Bitcoin slump dents Hong Kong’s efforts to build virtual assets sector

Bitcoin briefly tumbled below US$50,000 on Monday during one of the worst global markets sell-off in years, in a setback to Hong Kong’s efforts to boost its virtual assets sector.

A pedestrian walks past a bitcoin display in Hong Kong, February 15, 2022. Photo: Getty Images

Chinese brokerage rewards Hong Kong crypto traders with Nvidia, Alibaba stock

Futu Securities is the largest online brokerage to directly sell crypto to retail investors, and it is rewarding early users with tech stocks or bitcoin.

Futu’s bull mascot seen at the company’s headquarters in Shenzhen on December 9, 2020. Photo: Iris Ouyang

Opinion | How America’s national debt has become the world’s liability

While the risk of America’s debt is shared by global lenders and investors, US leverage makes the burden far from fair.

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With US ether ETFs imminent, Hong Kong may attract a different crypto crowd

Hong Kong’s approval of spot ether ETFs in April was seen as a unique but brief advantage for the city, which may now attract investors looking to avoid US taxes.

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Letters | Protect small property owners in Hong Kong’s old neighbourhoods

Readers discuss the well-being of grass-roots residents in ageing districts, the role of cryptocurrency in a kidnap case, and why Hong Kong airport must be better prepared for disruptive incidents.

A glimpse of residential buildings in Sham Shui Po, one of seven districts facing redevelopment. Photo: Xiaomei Chen

Hong Kong blockchain gaming firm Animoca sets sights on recovery after listless 2023

Animoca’s ability to weather last year’s storm in its industry has bolstered the company’s confidence in the digital-asset market’s recovery.

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Who is Sergio Carrallo, reality star Caroline Stanbury’s younger husband?

Carrallo reportedly played for Real Madrid but was mostly benched – he and Real Housewives of Dubai’s Stanbury have an 18-year age gap

Hong Kong professor calls China’s crypto mining ban ‘unwise’, suggests opening up

A professor at HKUST has questioned the logic of China’s cryptocurrency mining ban, suggesting that the government should embrace virtual assets amid geopolitical risks.

After banning initial coin offerings and ordering the closure of exchanges in 2017, the Chinese government went even further by banning bitcoin mining in 2021. Photo: Shutterstock Images

Hong Kong a unique proving ground for DeFi, metaverse, HKIMR studies show

DeFi and metaverse will open up opportunities for the financial services industry, Hong Kong Institute for Monetary and Financial Research executive says.

Hong Kong is making a big push to become a virtual asset and Web3 hub. Photo: Shutterstock

Bitcoin mining rigs pop up in Southeast Asia after China crackdown

Miners lured by competitively priced power and skilled labour set up rigs in parts of Malaysia, Indonesia and Laos.

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Bitcoin boom bolsters bets on crypto amid resurgent institutional interest

A surging crypto market is improving the outlook for deal flow, highlighted by recent acquisitions, following the approval of bitcoin and ether ETFs.

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11 crypto exchanges in Hong Kong ‘deemed to be licensed’, paving way for approvals

The SFC updated the exchanges’ status on its website, while the situation of six operators remains unknown, after several China-linked exchanges pulled out.

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The Hong Kong government has been pushing to become a cryptocurrency hub on par with the likes of Singapore or Dubai. Photo: Shutterstock

Tether co-founder teases Hong Kong return as Chinese crypto firms pull out

Cryptocurrency investor Brock Pierce said he is in conversations to bring a new venture to Hong Kong while a ban on selling to mainland residents pushes some exchanges out.

Cryptocurrency investor Brock Pierce addresses the Solowin and Sequire Asia Investor Summit on May 29, 2024. Photo: Solowin and Sequire Asia Investor Summit

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

As more financial regulators embrace fintech, Hong Kong is playing a pioneering role in launching digital asset exchange-traded funds. The city’s reasonable approach to regulation and innovation can attract more foreign investment and also solve talent shortages

No mainland crypto customers: exchange licence applicants withdraw from Hong Kong

Amid high compliance costs, the SFC’s notice that crypto exchanges should not serve mainland investors is prompting some firms to leave the city.

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Cryptocurrency
News and analysis about non-fiat, decentralised assets used as digital currencies, including bitcoin, ether, altcoins and stablecoins.
last updated:
9 September, 2024
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