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A bill about stablecoins is making its way through the Legislative Council. Photo: Shutterstock
Digital currencies

Banking & Finance

As stablecoin bill advances in Hong Kong legislature, advocates trumpet it

Stablecoins have the ability to expand their usage in the real financial economy, according to industry experts.

Cryptocurrency

Bitcoin records first weekly decline since Donald Trump’s US election victory

Digital currencies

Hong Kong licenses 4 more crypto exchanges amid bitcoin price surge

Blockchain

Digital currencies

US bankers cautious about crypto amid expectations of regulatory easing

Goldman Sachs CEO David Solomon said the Wall Street giant would ‘evaluate’ dealing in top cryptocurrencies like bitcoin and ether if rules change.

A CoinFlip bitcoin ATM seen at a gas station on December 9 in Pasadena, California. Photo: Getty Images via AFP
A CoinFlip bitcoin ATM seen at a gas station on December 9 in Pasadena, California. Photo: Getty Images via AFP

Policy

Digital currencies

Hong Kong’s crypto faithful favour local regulations, fear ‘unpredictable’ Trump

The chair of the Silk Road Economic Development Research Centre said the city still has a chance to lead in Web3 in the next decade.

Banking & Finance

Digital currencies

Hong Kong to introduce stablecoin bill to regulate virtual token

The government published the Stablecoins Bill in the gazette on December 6; first reading in the Legislative Council set for December 18.

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Blockchain

Digital currencies

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

Meitu netted US$80 million on bitcoin and ether holdings, exiting the crypto market amid a historic rally after the US re-elected Donald Trump.

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The logo of Meitu displayed at a news conference in Hong Kong on March 24, 2017. The company has struggled for years to monetise its popular photo and video editing apps, but its crypto investments have paid off after a recent price surge. Photo: Reuters
The logo of Meitu displayed at a news conference in Hong Kong on March 24, 2017. The company has struggled for years to monetise its popular photo and video editing apps, but its crypto investments have paid off after a recent price surge. Photo: Reuters

Tech Trends

Cryptocurrency

Bitcoin tops US$100,000 for the first time on Trump crypto bump

Bitcoin has more than doubled in value this year and is up more than 45% in the four weeks since Trump’s election win.

Blockchain

Digital currencies

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

Bybit CEO Ben Zhou says the company plans to reapply for a Hong Kong licence next year even though regulators bar selling crypto to mainlanders.

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Blockchain

Digital currencies

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.

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Momentum in the cryptocurrency industry appears to have shifted towards the US after Donald Trump was re-elected to the presidency, but some see this as temporary. Illustration: Henry Wong

Blockchain

Blockchain

Hong Kong offers grants to boost tokenised bond issuance

The city’s de facto central bank is handing out up to HK$2.5 million in subsidies per issuance to qualified tokenised-bond issuers.

The HKMA plans to hand out subsidies to qualified companies to boost tokenised-bond issuances in the city. Photo: AFP
The HKMA plans to hand out subsidies to qualified companies to boost tokenised-bond issuances in the city. Photo: AFP

China Business

Hong Kong stock market

Chinese game developer Boyaa rides bitcoin boom; Hong Kong shares rise ninefold

The company, which develops online card and board games, started investing in digital currencies in 2023.

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Blockchain

Blockchain

Bitcoin’s march towards historic US$100,000 level stalls

‘Bitcoin was extremely overbought since the election,’ one analyst says.

Blockchain

Blockchain

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.

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

Blockchain

Digital currencies

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.

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

United States & Canada

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.

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Blockchain

Blockchain

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.

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Blockchain

Blockchain

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

Blockchain

Cryptocurrency

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.

Blockchain

Blockchain

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.

Blockchain

Blockchain

‘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.

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