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Digital currencies

Bitcoin hovered near US$97,000 early in Asia on Monday. Photo: AP Photo

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

Trump pick Lutnick’s firm in talks with Tether about US$2 billion bitcoin lending project

25 Nov 2024 - 10:37AM

SCMP Highlights

Recap | Shanghai court says crypto ownership legal, Hong Kong food-delivery drones: 5 tech stories

21 Nov 2024 - 12:19PM

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

US President-elect Donald Trump at the Bitcoin 2024 event in Nashville, Tennessee, in July. Photo: Reuters

Sam Bankman-Fried’s ex-deputy Gary Wang spared prison time over FTX fraud

Wang cooperated with the prosecution and testified in the trial that led to Bankman-Fried’s conviction on fraud and other charges.

21 Nov 2024 - 1:48AMvideocam

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

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US presidential election 2024

Musk suggests Trump let public weigh in on who should lead US Treasury

The billionaire himself endorses Howard Lutnick, saying the CEO of financial services firm Cantor Fitzgerald ‘will actually enact change’.

17 Nov 2024 - 5:01AM

Elon Musk, chief executive officer of SpaceX and Tesla and owner of X, attends an event in Beverly Hills in May. Photo: Reuters

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

SCMP Highlights

Recap | Dogecoin surges as Trump appoints Musk, FTX sues Binance: 5 cryptocurrency stories

Discover how Trump’s policies and Elon Musk’s new role have boosted dogecoin and bitcoin, and a potential impact on China’s digital-asset market in our round-up.

15 Nov 2024 - 5:56PM

Trump win sparks bitcoin boom across Asia: ‘it rises above the chaos’

With bitcoin prices surging, Asia’s digital asset entrepreneurs see new opportunities under Trump 2.0.

16 Nov 2024 - 8:40AM

Speakers during a panel discussion at the Devcon 7 in Bangkok on November 15. Photo: EFDevcon / Twitter

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

Ilya Lichtenstein and his wife Heather Morgan. File photo: Instagram @razzlekhan

US presidential election 2024

Dogecoin soars as Trump names Musk to head new DOGE efficiency department

‘Dogefather’ Musk is a long-time fan of the cryptocurrency with the canine mascot, and a staunch backer of the US president-elect.

14 Nov 2024 - 5:55AMvideocam

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

Bitcoin breaks US$89,000 for the first time on Trump crypto boom

The largest token has jumped about 30 per cent since the US election, as traders weigh whether there is still room to chase.

12 Nov 2024 - 9:46AM

Donald Trump speaks at the Bitcoin 2024 Conference in Nashville, Tennessee in July. Photo: AP Photo

Bitcoin soars past US$84,000 as Trump’s win fuels buying spree

The largest token climbed as much as 5.6 per cent to an unprecedented US$84,360 in New York.

12 Nov 2024 - 5:42AM

President Donald Trump at the Bitcoin 2024 conference in Nashville, Tennessee, in July. Photo: Getty Images/TNS

‘The King is back’: Binance billionaire CZ plots life after prison

The founder of the world’s largest cryptocurrency exchange talks about his four-month incarceration, future plans, and more.

8 Nov 2024 - 12:00PM

Bitcoin hits record price after Trump takes early lead in US election

The original cryptocurrency jumped past US$75,000 on Tuesday night in the US, topping a record set in March.

6 Nov 2024 - 12:01PM

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Binance founder CZ says will not return to crypto exchange after imprisonment

Zhao Changpeng said he does not ‘have any need to go back’ to the world’s largest cryptocurrency exchange, although he remains the largest shareholder.

1 Nov 2024 - 7:00PM

Founder and former CEO of Binance Zhao Changpeng attends an event in Rome on May 10, 2022. Photo: Getty Images

Chainlink makes a case for blockchain-driven finance at SmartCon in Hong Kong

As Chainlink touts its technology that has brought blockchain transfers to the Swift network, geopolitical scrutiny is growing in the space.

1 Nov 2024 - 12:44PM

Circle CEO envisions stablecoins playing greater role in trade settlements

Jeremy Allaire envisions a ‘global network of stablecoins’ enabling ‘better, faster, cheaper’ transactions for emerging markets trading through Hong Kong.

30 Oct 2024 - 10:14AM

Hong Kong courts

Hong Kong court orders HK$1.85 million recovery in first civil suit against JPEX

District Court rules platform breached its duty, ‘wrongfully’ transferred away plaintiffs’ assets to other unknown crypto wallets.

29 Oct 2024 - 9:31PM

JPEX advertisements in an MTR station in 2023. Photo: Handout

Ant CEO Eric Jing touts tokenisation benefits for cross-border transactions

Tokenisation is a major focus of FinTech Week this year, in addition to AI, as Web3 in Hong Kong looks beyond ‘speculative’ cryptocurrencies.

28 Oct 2024 - 8:18PM

Hong Kong FinTech Week 2024 kicked off on Monday with an emphasis on artificial intelligence and tokenisation. Photo: Matt Haldane

HKEX’s virtual asset index launch is a boost for Hong Kong’s crypto hub ambitions

The index series, launching on November 15, will offer benchmarks for bitcoin and ether.

28 Oct 2024 - 7:00PM

Banking & finance

Opinion | Why digitising financial pipelines is essential for global prosperity

Improving digital payments, especially across borders, will make every aspect of global commerce easier and more accessible.

28 Oct 2024 - 4:30PMvideocam

Crime in Hong Kong

Hong Kong police called to crypto store after woman scammed out of HK$93,000

Source says man tricked victim into transferring crypto in person, leaving her at shop and telling her his associate would return with cash.

26 Oct 2024 - 11:10PM

Police have listed the case as obtaining property by deception. Photo: Shutterstock

China-EU relations

Defend euro as China, Russia push for alternative currency: Europe’s bank chief

Next US leader also urged to weigh negative impacts of American and EU trade ‘restrictions and barriers’ on economic growth and inflation.

24 Oct 2024 - 5:16AMvideocam

European Central Bank President Christine Lagarde takes part in an annual meeting of the International Monetary Fund in Washington on Tuesday. Photo: EPA-EFE

Banking & finance

Multi-country digital currency platform is worth the effort: central bankers

‘We must reduce new cross-border payment frictions while removing existing ones,’ says PBOC deputy governor.

23 Oct 2024 - 6:15PM

Banking & finance

Letters | Hong Kong is playing the long game in digital asset regulation

Readers discuss the city’s ambition to be a regulatory hub for institutional digital assets, the difficult road to Mandarin competency, and supermarket shrinkflation.

22 Oct 2024 - 11:30AM

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Digital currencies

The latest news, analysis and opinion on Digital currencies. In-depth analysis, industry insights and expert opinion.

last updated:

9 September, 2024

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