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An employee watches an electronic signboard displaying the prices of bitcoin and other cryptocurrencies at the lounge of Bithumb cryptocurrency exchange in Seoul on November 21, 2024. Photo: AP
Digital currencies

Bitcoin gains as crypto investors bet on positive US-China trade talks

The rally followed news that the US treasury secretary and trade representative will meet with the Chinese government in Switzerland this week.

Digital currencies

Hong Kong ranks as second-most crypto-friendly city in the world in new index

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Digital currencies

Hong Kong remains upbeat on Web3 amid crypto market turmoil from US tariffs

Cryptocurrency

Bitcoin, ether rout extends as tariff war pain batters cryptocurrency assets

Cryptocurrency investors appear to be in full ‘sell mode’, according BTC Markets analyst Charlie Sherry.

About US$758 million worth of cryptocurrency wagers were liquidated in the past 24 hours, the most in nearly six weeks, according to Coinglass data. Photo: Shutterstock
About US$758 million worth of cryptocurrency wagers were liquidated in the past 24 hours, the most in nearly six weeks, according to Coinglass data. Photo: Shutterstock
Blockchain

Hong Kong lawmaker calls for support of Web3 sector as Tron founder flags fraud

The call comes after cryptocurrency mogul Justin Sun denounced alleged ‘loopholes’ in Hong Kong’s trust regulations.

Artificial intelligence

Hong Kong crypto firm HashKey jumps on AI bandwagon, joining Web3 players

HashKey’s first AI product is designed for content moderation, but it envisions a future of AI agents trading on blockchain on behalf of users.

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Cryptocurrency

Bitcoin, other cryptocurrencies succumb to risk-asset slump amid Trump tariffs

For bitcoin, which fell as much as 4 per cent to about US$82,000 on Thursday, US$80,000 is a ‘must-hold’ level, cryptocurrency analysts say.

Bitcoin and other cryptocurrencies have generally traded poorly during periods of volatility, such as the introduction of trade tariffs. Photo: Shutterstock
Bitcoin and other cryptocurrencies have generally traded poorly during periods of volatility, such as the introduction of trade tariffs. Photo: Shutterstock
Cryptocurrency

US cryptocurrency exchange Coinbase sees worst quarter since FTX collapse

Nearly every major firm linked to cryptocurrencies were hammered this quarter, as concerns about the US economy weighed on digital assets.

Banking & finance

Hong Kong to get world’s first tokenised money-market ETFs from Bosera, HashKey

Bosera HKD Money Market ETF and USD Money Market ETF, which have been approved by the SFC, are set to launch in April.

Cryptocurrency

Most memecoins will end up ‘worthless’, Ark Investment CEO Cathie Wood says

Wood pointed out that some of these digital tokens will ‘withstand the judgment of time’, and Donald Trump’s memecoin may be one of them.

Released in December 2013, the Dogecoin is considered the world’s first memecoin. Photo: Shutterstock
Cryptocurrency

Bitcoin, ether stagger as US stock sell-off weighs on cryptocurrencies

The initial declines on Tuesday came after a sell-off in US equities, led by technology stocks, picked up steam.

Bitcoin fell more than 3 per cent on Tuesday morning in Asia, while ether dropped as much as 6 per cent. Photo: Shutterstock
Bitcoin fell more than 3 per cent on Tuesday morning in Asia, while ether dropped as much as 6 per cent. Photo: Shutterstock
Blockchain

Ethereum co-founder Gavin Wood says Web3 is on track as finance firms move in

Wood’s newer project Polkadot is focused on scaling decentralised applications, with many developers coming from China.

Digital currencies

Hong Kong’s dollar peg seen as advantage amid stablecoin growth

Stablecoin transactions are now a fifth of all cryptocurrency transactions, and they make it easier to transact in US dollar-backed assets.

Digital currencies

Trump wants the US to be the world’s crypto capital. Will China take notice?

The global impact of Trump’s cryptocurrency reserve and a White House summit on the asset will be watched, analysts say.

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US President Donald Trump has announced the creation of a strategic cryptocurrency reserve, fuelling speculation over what effect the move will have on global markets. Photo: Antony Dickson
Cryptocurrency

Bitcoin value dives as uncertainty grips global cryptocurrency market

Weighing on cryptocurrency prices was the Trump administration’s imposition of 25 per cent tariffs against Canada and Mexico.

After jumping on US President Donald Trump’s talk of creating a national cryptocurrency reserve, bitcoin and similar digital assets dove in the face of concerns it might not actually happen. Photo: Shutterstock
After jumping on US President Donald Trump’s talk of creating a national cryptocurrency reserve, bitcoin and similar digital assets dove in the face of concerns it might not actually happen. Photo: Shutterstock
Blockchain

Bitcoin up after Trump names cryptocurrencies in strategic reserve

The world’s largest cryptocurrency is up by more than 20 per cent from the November lows.

Blockchain

Hong Kong launches first retail tokenised money market fund in Web3 push

ChinaAMC’s Hong Kong dollar-denominated fund launched on the cryptocurrency exchange OSL and securities brokerage Solomon on Friday.

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Digital currencies

US securities regulator files to dismiss Coinbase lawsuit

A court has separately paused the SEC’s lawsuit against Binance after a joint request, citing implications of the agency’s new crypto task force.

The logo for Coinbase Global, the biggest US cryptocurrency exchange, displayed on the Nasdaq MarketSite jumbotron in Times Square in New York on April 14, 2021. Photo: Reuters
The logo for Coinbase Global, the biggest US cryptocurrency exchange, displayed on the Nasdaq MarketSite jumbotron in Times Square in New York on April 14, 2021. Photo: Reuters
Blockchain

Bitcoin slides below US$90,000 as cryptocurrency sell-off hastens

Tumbling crypto prices mirror a broader retreat from risky assets, while sentiment has also soured following a hack targeting exchange Bybit.

Digital currencies

Crypto exchange Bybit, hit by largest crypto theft ever, stokes sell-off

After exchange operator loses ether from a cold wallet in a North Korea-linked attack, bitcoin and ether fall as industry enthusiasm wanes.

Digital currencies

OKX crypto exchange operator enters US$505 million guilty plea, US says

Prosecutors said that from 2018 through early 2024, OKX was used to facilitate more than US$5 billion in suspicious transactions and criminal proceeds.

The booth for OKX seen at Hong Kong FinTech Week on November 3, 2023. Photo: NurPhoto via Getty Images
Banking & finance

Crypto derivatives missing from Hong Kong’s virtual-asset push, Deribit says

Dubai-based exchange aims to expand in the city as the regulator is set to consider letting professional investors trade crypto derivatives.

A shop advertises cryptocurrency education in Tsim Sha Tsui on July 7, 2023. Photo: Xiaomei Chen
A shop advertises cryptocurrency education in Tsim Sha Tsui on July 7, 2023. Photo: Xiaomei Chen
Blockchain

Consensus Hong Kong: regulators seek ‘global liquidity’ in crypto amid Web3 push

The SFC licensed its first international crypto exchange on Tuesday as it courts global business at major Web3 conference.

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Blockchain

Tokenisation a ‘defining trend’ in Hong Kong, official says at Consensus

Tokenisation will be ‘profoundly transformative’, Secretary for Financial Services Christopher Hui said, as companies pile into the burgeoning business.

Digital currencies

Consensus building: crypto conference arrives in Hong Kong amid Web3 changes

Hong Kong is leaning into its role in traditional finance as it courts Web3 enthusiasts to the city for CoinDesk’s Consensus Hong Kong.

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An illustration featuring US President Donald Trump holding bitcoin outside a cryptocurrency exchange in Hong Kong on December 5. Photo: Reuters
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Tech Trends

Alibaba’s Qwen3 unseats DeepSeek’s R1 as world’s top-ranked open-source AI model

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The broader LiveBench rankings showed that Qwen3 still trailed the top closed-source AI models, including OpenAI’s o3, Google’s Gemini Pro 2.5 and Anthropic’s Claude 3.7. Photo: Shutterstock

Tech Trends

China’s Unitree fixes flaw that gives hackers remote control of robots

Unitree’s Go2-W robot interacts with an attendee during the Mobile World Congress in Barcelona. Photo: AFP

Big Tech

Huawei unveils a HarmonyOS laptop, its first Windows-free computer

Huawei’s first laptop running on HarmonyOS, its self-developed operating system. Photo: Weibo/钢炮同学啊

Big Tech

How China’s self-sufficiency drive is dividing the global tech ecosystem

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Trade disputes with the US have spurred China’s investment in technological independence, especially in semiconductors, said Gary Ng, senior economist at Natixis Corporate & Investment Bank. Photo: Shutterstock

Policy

Beijing pours tens of millions of dollars into fostering Chinese AI

A staff member at an AI start-up demonstrates a translation system. Photo: Xinhua
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