News by results: Hong Kong

‘Never Use BitPay’ — Hong Kong Free Press Slams Bitcoin Donation Block

Cryptocurrency payment processor BitPay faces another publicity nightmare amid claims it blocked donations to Hong Kong for several weeks.

Custody Provider Legacy Trust Launches Crypto Pension Plan

Cryptocurrency custody provider Legacy Trust is launching one of the first digital assets-based pension plans.

Block.one paid $30 million to purchase a domain name for its social media platform

The news was announced Tuesday by enterprise analytics and mobility software provider MicroStrategy, saying that it sold the domain name voice.com in a transaction facilitated by Internet domain registrar GoDaddy and that it has subsequently been used by Block.one.

$84 million BTC short position closed on the Bitfinex exchange

Hong Kong-based crypto exchange Bitfinex saw a short position worth around $84 million (10,500 BTC) closed on Thursday as the long/short dynamics on the major exchange dropped from 52% short to under 40% in a matter of minutes.

Bitfinex and Tether: what to expects on the crypto market after the trial

Litigation of the US Attorney General’s Office with Tether and Bitfinex made nervous the users of Hong Kong crypto exchange and holders of stable coin USDT. However, it is likely that instead of attacks on crypto companies, this precedent will force the authorities to change their attitude towards the crypto industry and formulate adequate regulation of the crypto market.

Hong Kong insurer Blue Cross adopts blockchain to speed up medical claims, eliminate fraud

Hong Kong’s insurance firms are fast embracing technology to keep up with their more nimble rivals.

Hong Kong’s Securities And Futures Commission Releases STO Guidelines

Hong Kong's securities regulator, the Securities and Futures Commission (SFC), has released a statement outlining and clarifying the regulatory requirements for those looking to hold or invest in a security token offering (STO). The SFC provides a walkthrough of the necessary steps to be taken before holding an STO and also reminds investors "to be wary of the risks associated with virtual assets."

Maxine Ryan Interview: How Bitspark is Disrupting the Remittance Industry

The world’s first cash-in cash-out remittance platform built on the revolutionary blockchain technology, Bitspark is truly disrupting the US$700 billion remittance industry. For too long, the industry is being played and manipulated by banks and other money transfer platforms like Western Union and MoneyGram.

Bitfinex Resumes Trading After Unexpected 2-Hour Outage as Crypto Markets Surge

Hong Kong-based cryptocurrency exchange Bitfinex notified users in a tweet Saturday, Feb. 9, that it had temporarily gone offline for all users, as crypto markets saw major gains.

Study Finds Three Quarters of Attendees at Crypto Events Are Male

A recently released report confirms a well-known observation – crypto-focused events are still largely male-dominated, not only in terms of registrants in general but also speakers. According to another finding, almost half of the attendees at the studied forums came from the U.S.

OKCoin Founder Buys Hong Kong-Listed Firm in $60 Million Deal

Mingxing “Star” Xu, the founder of cryptocurrency exchange OKCoin, has become the largest individual shareholder of a public company listed in Hong Kong via a $60 million acquisition.

Chinese Bank Giants Tap Blockchain in Trade Finance Efficiency Boost

The China Banking Association (CBA), the country’s self-regulatory organization for the banking sector, is launching a new blockchain-based platform for trade finance.

2019 Will See Entry of More Institutional Players in Crypto, Says Asia Fintech PwC Leader

Henri Arslanian, the Asia fintech and crypto leader of PricewaterhouseCoopers (PwC) Hong Kong, has predicted that many institutional players will enter the crypto industry in 2019. Arslanian made this claim during an interview with Bloomberg published on Dec. 24.

Hong Kong Stock Market Regulator ‘Reluctant’ to Greenlight Bitmain IPO, Sources Report

Hong Kong stock market regulator is reportedly reluctant to allow Bitcoin mining equipment manufacturer Bitmain to conduct an initial public offering (IPO) in the city. Local English-language newspaper South China Morning Post (SCMP) made this claim in an article published Dec. 19, with reference to anonymous sources.

It Wasn’t a Bitcoin Millionaire Who Gave $12M in Cash Away in Hong Kong

On Sunday, major mainstream media outlets reported that a crypto millionaire sprayed more than $12 million worth of cash in one of Hong Kong’s poorer neighborhoods.

TOKEN2049

TOKEN2049 organizes the premier digital asset event in Asia on 13-14 March 2019 in Hong Kong, where we explore in-depth the growing crypto ecosystem.

Hong Kong-Based Bitcoin Mining Pool BTCC to Close Indefinitely

Hong-Kong based bitcoin exchange, BTCC has made known through a press release, plans to shut down its mining pool business BTCC Pool Limited after four years of operation in Hong-Kong.

Crypto Exchange BTCC Is Closing its Mining Pool Business Indefinitely

Hong Kong-based cryptocurrency exchange BTCC is shutting down its mining pool business, BTCC Pool Limited, after four years of operation.

Hong Kong Investment Guru Lures Investors into HK$6.9 Million Crypto Ponzi Scheme

Hong Kong-based stock market commentator Raymond Yuen has been indicted for misleading web users into investing into a Crypto Mining Ponzi Scheme.

HSBC, BNP Paribas, StanChart, Others Launch Hong Kong Blockchain Trade Finance Platform

A new blockchain trade finance platform developed by a dozen banks, among them HSBC, BNP Paribas, and Standard Chartered, launched this week in Hong Kong, Reuters reported Oct. 31.