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

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.

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

BlackRock’s AI is watching – and helping to make stock picks

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.

People stand next to bitcoin ATMs outside a cryptocurrency exchange in Hong Kong on November 14. Photo: AFP

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.

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.

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Editorial | Hong Kong office attracts firms to live up to its name

City is being reinvigorated as regional business hub thanks to success of body bringing in hi-tech talent.

Hong Kong has attracted 17 new companies that cover an array of hi-tech industries, including artificial intelligence and big data, life and health technology, fintech, robotics, advanced manufacturing and green energy technology. Photo: Jelly Tse

Ant-backed digital bank targets smaller businesses with quick, easy services

Digital bank says clients need better services, easier access to financing.

Ant-backed credit rating firm gets central bank approval after 3-year wait

The joint venture, 35 per cent owned by Ant Group, had a prolonged wait after previously licenced firms were approved within weeks of applying.

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.

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.

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

Trump’s crypto pledge may see China restore digital-asset market: HashKey head

HashKey chairman and CEO Xiao Feng said a number of factors may compel mainland China to open its digital-asset market in about two years.

Hong Kong to invest US$38 million from investment migration scheme

The Hong Kong government’s investment arm will use funds from the investment migration scheme to promote innovation.

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.

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

Another 17 firms to set up offices in Hong Kong under push to develop I&T sector

Financial Secretary Paul Chan also says city will need to be fully prepared for effects on global economy brought about by US presidential election.

Paul Chan says 90 per cent of the new companies plan to establish international or regional headquarters in the city. Photo: May Tse

Mainland Chinese fintech companies set up in Hong Kong to access Asean markets

Companies receive support from city’s Office for Attracting Strategic Enterprises.

‘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.

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Ant International drives AI in cross-border payments to boost global expansion

The firm’s AI model predicts currency exchange rates on an hourly basis, helping businesses reduce transaction costs.

Ant International’s new AI model for cross-border transactions is expected to strengthen global trade and commerce. Photo: Shutterstock

Man accused of drugging woman at Hong Kong bar fired by 2 Singapore-based firms

Woman takes to social media to accuse man of spiking her drink, saying she was only saved by timely intervention of waitress.

Trump election victory cheers up China’s cryptocurrency proponents

These crypto proponents expect a bright future for digital assets and related policies on the mainland and Hong Kong.

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.

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.

Chainlink’s booth seen on the first day of its SmartCon event at Kerry Hotel in Hung Hom on Wednesday. Photo: Matt Haldane

Editorial | Welcome AI, but put Hong Kong protections in place

New policy by the Hong Kong government on the ‘responsible’ use of AI is both timely and sensible for an international financial centre.

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.

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.

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.

Bourse operator HKEX is launching a virtual asset index series for bitcoin and ether pricing. Photo: AP Photo

First overseas company listing in Hong Kong via SPAC marks historic milestone

Synagistics starts trading under the 2562 stock code on Wednesday after combining its business with Hong Kong Acquisition Corporation.

Hong Kong unveils rules for ‘responsible’ AI use at FinTech Week

Any institution that wants to use AI ‘must formulate a governance strategy to provide direction on how [the] systems should be implemented,’ the government says.

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Fintech
Stories about how technology is used to enhance financial services, covering banking and securities
last updated:
9 September, 2024
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