Cryptocurrency

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Blockchain

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

The original cryptocurrency was down more than 7 per cent for the seven-day period through 9:27am on Monday in Singapore.

23 Dec 2024 - 3:58PM

Digital currencies

Hong Kong licenses 4 more crypto exchanges amid bitcoin price surge

18 Dec 2024 - 8:56PM

Digital currencies

US bankers cautious about crypto amid expectations of regulatory easing

12 Dec 2024 - 11:40AM

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.

7 Dec 2024 - 7:47AM

Some still see room for Hong Kong to be a global leader in cryptocurrency, even as momentum shifts to the US in anticipation of Donald Trump’s return to the presidency. Photo: Shutterstock

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.

6 Dec 2024 - 7:45PMvideocam

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.

5 Dec 2024 - 1:00PMvideocam

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.

5 Dec 2024 - 1:59PM

Bitcoin tokens and a price chart are seen in this illustration picture taken November 21, 2024. Photo: Reuters

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.

5 Dec 2024 - 11:06PMvideocam

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.

2 Dec 2024 - 11:35PMvideocam

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.

28 Nov 2024 - 7:00PM

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.

25 Nov 2024 - 6:08PMvideocam

Boyaa started investing in digital currencies in 2023. Photo: Reuters

Blockchain

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

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

25 Nov 2024 - 9:51AM

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.

21 Nov 2024 - 1:51PM

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.

20 Nov 2024 - 11:08PM

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.

14 Nov 2024 - 5:55AMvideocam

Dogecoin was seen as a joke at first, but has since amassed a group of fans who have periodically sent its price soaring. Photo: Shutterstock

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.

12 Nov 2024 - 11:00AM

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.

12 Nov 2024 - 9:46AM

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.

12 Nov 2024 - 9:00AM

Beijing has so far given no indication of potentially relaxing its ban on cryptocurrencies, even as Donald Trump’s US election win renews enthusiasm among digital-asset proponents in China. Photo: Shutterstock

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.

12 Nov 2024 - 5:42AM

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.

8 Nov 2024 - 12:00PM

Blockchain

US set to ease crypto regulatory crackdown under Trump

President Donald Trump has previously pledged to fire the SEC chairman on the first day of his second administration.

7 Nov 2024 - 2:00PM

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

OPINION

Hugh Harsono

Opinion | Will China’s latest crypto crackdown stifle its gaming industry?

17 Sep 2024 - 8:30PM

Andrew Sheng

Opinion | How America’s national debt has become the world’s liability

26 Jul 2024 - 4:30PM

James David Spellman

Opinion | Why central banks must quickly but conscientiously reckon with AI

2 Jul 2024 - 4:30PM

Danny Chong

Opinion | How crypto can help restore Hong Kong’s financial glory

2 Jun 2024 - 6:26AM