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Digital currencies

Digital currencies
The latest news, analysis and opinion on Digital currencies. In-depth analysis, industry insights and expert opinion.
North Korean hackers have managed to register businesses in the US. Photo: Reuters
North Korea

North Korean hackers set up fake US firms to target cryptocurrency developers

Blocknovas and Softglide used malware to access cryptocurrency wallets, passwords and credentials, cybersecurity researchers say.

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Cryptocurrency

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

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Fintech

Digital wallets are finally taking hold in Hong Kong, report shows

Blockchain

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

Officials again touted the strength of the local Web3 industry, while Binance founder CZ avoided the event despite recent activity in the city.

Financial Secretary Paul Chan speaks at the Hong Kong Web3 Festival on April 7, touting the city’s commitment to the blockchain industry amid recent turmoil. Photo: Handout
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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Malaysia 1MDB scandal

Chasing Jho Low: blockchain bounty breathes new life into hunt for 1MDB fugitive

Can a memecoin help uncover Jho Low’s whereabouts? New evidence is surfacing about the scandal, thanks to a crypto reward system.

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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.

Tokenised money market ETFs are one of the use cases in the HKMA’s Project Ensemble sandbox. Photo: Shutterstock
Singapore

Trump outsources ‘Made-in-America’ investments to Singapore crypto firm

The US president’s Trump Media & Technology Group says it plans to work with Singapore-based Crypto.com on exchange-traded funds.

North Korea

North Korea is rolling in bitcoin. Only the US and UK have more

A major breach of Dubai-based trading platform Bybit last month netted hackers believed to be backed by Pyongyang US$1.5 billion in tokens.

US-China relations

‘A geopolitical move’: Trump’s big bet on crypto raises questions for China

China has kept unregulated digital currencies at arm’s length, but the US is going all-in on crypto. Will this big bet give the US dollar new life?

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Illustration: Pearl Law
Singapore

Singapore to list bitcoin futures, join shift in expanding crypto derivatives

The move reflects a trend of traditional exchanges entering the cryptocurrency derivatives market to provide a regulated platform for trading digital assets.

The Singapore Exchange plans to list bitcoin perpetual futures to bridge regulated markets with cryptocurrency trading. 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.

Banking & finance

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.

Bitcoin

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
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.

Bitcoin has soared following Trump’s announcement of a list of cryptocurrencies to be included in a new US strategic reserve. Photo: AFP
China economy

Letters | Trump’s digital dollar ban leaves the field open for China

Readers discuss the potential of China’s central bank digital currency, and whether Hong Kong should impose carbon taxes.

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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Cryptocurrency

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
North Korea

FBI blames North Korea for US$1.5 billion ByBit crypto hack

According to the company, a hacker gained control of an ether wallet and transferred the holdings to an unidentified address.

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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.

North Korea

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.

Bybit said US$1.5 billion worth of ether was stolen in a “sophisticated attack” on one of its cold wallets. Photo: AP
Blockchain

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
Icons and Influencers

Who is Bo Hines, the ex-college footballer Trump chose as crypto adviser?

Hines played football at North Carolina State and Yale, but always wanted to be a politician – he has few cryptocurrency credentials, yet has been chosen to advise on the digital landscape.

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.

HSBC Gold Token is the first such retail product to be issued by a bank in Hong Kong, according to HSBC, as the government pushes for the issuance of more tokenised assets. Photo: HSBC
Americas and the Caribbean

Argentina’s Milei denies promoting cryptocurrency that crashed

Argentina’s president spoke out for the first time about a cryptocurrency scandal that has dented his reputation.

Argentina’s President Javier Milei leaves the Casa Rosada presidential palace in Buenos Aires on Monday. Photo: AFP
Cryptocurrency

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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Blockchain

Binance seeks pause in legal battle as Trump draws up crypto policy

The parties say the SEC’s new task force on cryptocurrency regulations may ‘impact and facilitate the potential resolution of this case’.

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