Blockchain

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

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.

28 Mar 2025 - 3:09PM

Baidu doxxing: firm stresses user privacy after executive’s kid leaks data

21 Mar 2025 - 7:00PM

Huawei-related chip equipment maker to debut products at Shanghai trade show

21 Mar 2025 - 6:00PM

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.

19 Mar 2025 - 2:56PM

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

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?

12 Mar 2025 - 11:26AMvideocam

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.

11 Mar 2025 - 2:38PM

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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.

26 Mar 2025 - 9:21PM

Ethereum and Polkadot co-founder Gavin Wood. Photo: Matt Haldane

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.

26 Mar 2025 - 9:32PM

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.

9 Mar 2025 - 10:03PM

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.

4 Mar 2025 - 6:24PM

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

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.

3 Mar 2025 - 10:24AM

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

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.

28 Feb 2025 - 5:00PM

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.

28 Feb 2025 - 1:42PM

Research over riches: DeepSeek stays focused on AGI breakthroughs

DeepSeek is in no rush to conduct further fundraising or engage in new commercial activities, according to a source, instead focusing on achieving AGI.

27 Feb 2025 - 9:00AMvideocam

One month after its models rocked Wall Street, DeepSeek is staying dedicated to achieving artificial general intelligence. Photo: Reuters

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.

26 Feb 2025 - 10:01AM

Bitcoin has retreated from a peak following the election of Donald Trump as US president. Photo: dpa

Artificial intelligence

AI’s new frontier: PolyU scientist sees domain-specific models as the future

Former Alibaba scientist Yang Hongxia is at the forefront of an effort to evolve AI beyond DeepSeek’s breakthroughs.

26 Feb 2025 - 10:32AM

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.

25 Feb 2025 - 8:00PM

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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.

25 Feb 2025 - 12:10PM

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

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.

20 Feb 2025 - 9:27AMvideocam

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.

19 Feb 2025 - 9:00AM

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.

17 Feb 2025 - 7:16AMvideocam

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

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’.

12 Feb 2025 - 11:07AM

The SEC in 2023 sued Binance, its US unit and founder Zhao Changpeng, accusing them of artificially inflating trading volumes, diverting customer funds and misleading investors. Photo: Reuters

Artificial intelligence

DeepSeek’s growth in China surges past ByteDance’s Doubao in AI app race

DeepSeek had 22.2 million daily active users in January, surpassing Doubao’s 17 million, but it still trails the TikTok owner in monthly users.

6 Feb 2025 - 5:00PMvideocam

Digital currencies

Tencent-backed WeBank eyes Web3 expansion in Hong Kong

WeBank chief information officer Henry Ma said the virtual bank will be “deeply involved” in developing Hong Kong’s Web3 infrastructure.

1 Feb 2025 - 7:00AM

Trump’s crypto executive order could thwart Hong Kong’s virtual-asset-hub dream

The city is now moving to ‘adjust’ a proposal for regulating over-the-counter virtual-asset trading after receiving market feedback.

24 Jan 2025 - 9:30PM

An illustration depicting Donald Trump holding bitcoin is displayed outside a cryptocurrency exchange store in Hong Kong, December 5, 2024. Photo: Reuters

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