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Bybit CEO Ben Zhou on Crypto Derivatives and Market Predictions for 2020


12 months ago, crypto derivatives platform Bybit officially launched. The Singapore exchange, which also has offices in Hong Kong and Taiwan, has enjoyed a fruitful first year, attracting users from North America, Europe, Russia and Asia. With products including BTC, ETH, XRP and EOS perpetual...

CMCC Exchange Teams Up With Hong Kong Cryptocurrency Union


Headquartered in Hong Kong, the globally reputed investment-oriented firm CMCC Exchange has broadcasted the news about its strategic partnership with the esteemed organization, the Hong Kong Cryptocurrency Union. The collaboration will aid CMCC Exchange to popularize the use of Bitcoin and...

IDEG Reports Launch of New Bitcoin Trusts in Asia With Coinbase as Custodian


According to a recent press release from IDEG Investment Limited, “Asia’s First Bitcoin Trusts” have been launched “as a traditional and comfortable way for ‘old money’ to invest in digital assets.” The two trusts, Asia Bitcoin Trust I and Atlas Mining...

Goldman Sachs Predicts 31% Rise in Alibaba’s Hong Kong Stock


After having missed out on underwriting the Alibaba Group Holding’s Hong Kong share sale, Goldman Sachs has now predicted that Alibaba shares could go up by as much as 31% in next year. Analysts at Goldman Sachs have started coverage of the Alibaba stock and also gave it a buy rating. Alibaba...

Mining Chip Maker Ebang Next in Line to File for US IPO


Ebang, the ASIC chip and mining rig manufacturer based in Hangzhou, China is allegedly filing for an initial public offering (IPO) in the U.S. following Canaan’s recent Nasdaq listing and Bitmain’s secret IPO filing. The world’s third-largest bitcoin mining hardware manufacturer...

HSBC Closes Account Used to Support Hong Kong Protesters


For months on end, Hong Kong has been the scene of intensive confrontation between pro-democracy activists and its Beijing-supported government. It now seems the financial establishment has taken a side in this conflict. Banking giant HSBC has decided to close an account used to support the protest...

FGI and FBI Indexes of Hong Kong Inaugurate HKU Fintech Index Series Project


The HKU FinTech Index Series Project recently released FGI, the Hong Kong FinTech Growth Index, along with FBI, the Hong Kong FinTech Buzz Index. This move was executed to check regional FinTech firms’ attitudes and their typical sentiment for the industry, as documented by regional media....

QE Infinity: 37 Central Banks Participate in Stimulus and Easing Practices


Since the last week of October, a great number of central banks have been slashing interest rates, joining the massive synchronization of monetary easing worldwide. This year more than two dozen banks have used easing tactics and in the last two weeks alone central banks from Costa Rica, Hong Kong...

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