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Digital currencies

El Salvador’s President Nayib Bukele. Photo: AP

El Salvador’s President Bukele triumphant after his bet on bitcoin comes true

As bitcoin surpassed US$100,000 for first time, value of El Salvador government’s reported investment now stands at more than US$600 million.

2 hours ago

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

5 Dec 2024 - 1:00PMvideocam

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

5 Dec 2024 - 11:06PMvideocam

China’s digital yuan roared out of the gate, but stumbling blocks have popped up

Corruption and a slow adoption of the e-CNY risk undermining the groundbreaking progress that China’s digital currency has made over the past decade.

1 Dec 2024 - 9:00AMvideocam

The cumulative transaction value of China’s digital yuan had reached 7 trillion yuan (US$968 billion) as of the end of June. Photo: Xinhua

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

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

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

Commerce secretary pick’s finance firm could receive support from Tether to help fund project to lend dollars to clients against bitcoin.

25 Nov 2024 - 10:37AM

Howard Lutnick, who is chairman and CEO of Cantor Fitzgerald. File photo: Reuters

SCMP Highlights

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

Explore China’s tech landscape, from crypto ownership to AI-driven stock investments, in our latest stories from the world of technological innovation.

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

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

Former FTX executive Gary Wang attends his sentencing on fraud charges in New York on Wednesday. Photo: Reuters

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

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

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

Dogecoin was seen as a joke at first, but has since amassed a group of fans who have periodically sent its price soaring. Photo: Shutterstock

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

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

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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

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

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

‘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

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

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

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

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

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

Circle CEO Jeremy Allaire discusses the potential of stablecoins on the first day of Hong Kong FinTech Week 2024 on Monday. Photo: Hong Kong FinTech Week

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

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

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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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