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Asian Algorithmic Trading Company Amber Group Reaches Unicorn Status
23.6.2021
Amber Group, a Hong Kong-based cryptocurrency trading company, has attained “unicorn” status. The company managed to raise $100 million in its Series B funding round. With the new influx, the company is now valued at one billion dollars, making it a unicorn. Amber Group’s strategy...
Sotheby’s Auctioning Rare Diamond Worth $15 Million, Cryptocurrencies Accepted
22.6.2021
Sotheby’s, the world’s largest auction house, is auctioning a rare, 101.38-carat flawless diamond estimated to be worth $15 million, and cryptocurrencies are accepted. Biggest Auction House Accepts Cryptocurrencies Sotheby’s announced Monday that it is auctioning a rare...
Hong Kong brokerage Futu halts crypto futures over regulatory issues
17.6.2021
Non-futures crypto products like Grayscale Bitcoin Trust are reportedly still available on Futu Securities
The Chinese University of Hong Kong and ConsenSys create COVID-19 digital passport
15.6.2021
The COVID-19 Digital Health Passport will be trialed by healthcare professionals in Hong Kong. Later on, patients will be able to access the passport through a mobile app
Shanghai Man: Bitcoin interest drops in China amid crackdown on social media and miners
11.6.2021
Xinjiang crypto miners forced to shut down, Antpool hash rates drop by 30%, and Baidu and Weibo try to scrub crypto players from their platforms
‘All Banks Go Fintech’: Hong Kong Unveils ‘Fintech 2025’ Strategy
10.6.2021
The Hong Kong Monetary Authority (HKMA) plans to guide local banks towards full adoption of fintech technologies, a new strategy reveals. The region’s central banking institution also stressed that it’s going to “walk the talk” by digitalizing its own supervision...
Hong Kong to Connect Digital Yuan With Domestic Payments System in Cross-Border Trials
9.6.2021
Financial authorities in Hong Kong have announced a second phase of trials for mainland China’s digital currency. As part of the upcoming tests, the city will link the Chinese digital yuan to its domestic payments system to evaluate the CBDC’s usability in cross-border scenarios. Hong...
Hong Kong includes central bank digital currency in fintech strategy
8.6.2021
Research into central bank digital currencies will play a significant role in Hong Kong’s fintech development efforts
Vitalik Buterin Says People Difficulties Not Technical Difficulties Slowed the Ethereum 2.0 Rollout
3.6.2021
The cofounder of Ethereum, Vitalik Buterin, recently discussed the highly anticipated full transition from a proof-of-work (PoW) consensus model to proof-of-stake (PoS) as its replacement. Buterin admitted at Hong Kong’s Startmeup HK 2021 Festival that the transition was taking too long...
Hong Kongers use blockchain to save evidence of anti-authoritarian struggles
27.5.2021
Hong Kong citizens are using a blockchain system to fight back against the government's attempts to erase and overwrite the history of recent years' anti-authoritarian struggles
Restricting crypto trading to millionaires good for Hong Kong, says official
27.5.2021
Hong Kong’s Treasury Secretary says the government is right to pursue restrictive crypto regulations in the city
Crypto Proponents Become Skeptical of Closed-Door Meeting Between Billionaires and Bitcoin Miners
25.5.2021
After Tesla’s Elon Musk and Microstrategy CEO Micheal Saylor revealed the revelation of a newly created “Bitcoin Mining Council,” the news became a viral subject. While some crypto supporters like the idea, others have been skeptical of a couple of billionaires having closed-door...
Hong Kong to expand pilots for cross-border use of digital yuan
13.5.2021
The first phase of tests for use of the digital yuan across borders has been successful, the Hong Kong Monetary Authority has said
Chinese Overwatch Teams Threaten Boycott Of Korean Player For Statements On Taiwan And Hong Kong
5.5.2021
One of the most beloved players in the Overwatch League is facing backlash over political comments he made in a stream. On Chinese social media site Weibo, several members of the Chinese Overwatch League teams stated they would boycott any events that include Korean player Jong-ryeol “Saebyeolbe”...
Chinese Tech Firm Meitu Buys 175 Bitcoin, Treasury Now Holds $100 Million Worth in BTC and ETH
9.4.2021
The China-based smartphone and internet app maker Meitu has announced the acquisition of $10 million worth of bitcoin for its treasury after the firm purchased digital assets two times prior last month. The company’s cryptocurrency holdings now stack up to $100 million worth of ethereum...
Hong Kong Customs seizes 300 crypto mining GPUs in anti-smuggling operation
5.4.2021
Hong Kong Customs intercepted a large volume of pricey exotic foods, cosmetics and dedicated cryptocurrency mining GPUs in their latest successful anti-smuggling action
Hong Kong and China test cross-border digital yuan, says PBoC official
1.4.2021
The digital yuan continues to develop apace
Hong Kong Security Crackdown Leads to Record Capital Outflows— Residents Reportedly Used Cryptocurrencies to Move Funds
31.3.2021
The Canadian anti-money laundering agency, Fintrac, says it recorded official capital inflows originating from Hong Kong that totaled more than $34 billion in the past year. The outflows, which are the highest since 2012 when the earliest Fintrac records are available, “are the first evidence...
Coinbase handled trades and custody for Meitu's $90M crypto investment
24.3.2021
Meitu CFO Gary Ngan said the firm would have faced difficulties acquiring crypto on its own as a listed company
Chinese Public Company Meitu Buys More Bitcoin — Treasury Now Holds $90 Million in Cryptocurrencies
19.3.2021
One of China’s top internet app makers, Meitu Inc., has purchased more bitcoin for its treasury. The company now holds about $90 million in cryptocurrencies. Meitu is listed on the Hong Kong stock exchange and its flagship app has more than 1 billion users worldwide. Chinese Publicly Traded...