Blockchain

US trade office removes Tencent’s WeChat from counterfeit sellers list

WeChat was among six online Chinese platforms and nine bricks-and-mortar sellers added to the counterfeit goods list in 2022.

9 Jan 2025 - 3:54PM

Bitcoin doubles in 2024, as analysts expect more gains in 2025

2 Jan 2025 - 10:04AM

China’s new forex rules require banks to tighten scrutiny on crypto trades

31 Dec 2024 - 9:00AM

Bitcoin rally loses steam in final days of record-breaking year

Bitcoin and its smaller rivals are struggling for traction, after the largest cryptocurrency surged to a record high last week.

27 Dec 2024 - 2:51PM

Bitcoin is retreating after hitting a record high earlier this month. Photo: Reuters

Digital currencies

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.

26 Dec 2024 - 11:30AM

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

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Digital currencies

Hong Kong licenses 4 more crypto exchanges amid bitcoin price surge

The approvals bring the total number of licenced virtual asset firms to seven, as Hong Kong moves to revive its crypto industry.

18 Dec 2024 - 8:56PM

People stand next to bitcoin ATMs outside a cryptocurrency exchange in Hong Kong on November 14. Photo: AFP

Chinese fund touts offshore crypto exposure amid bitcoin boom

The fund boasted in the ad that it is heavily invested in Coinbase, a US cryptocurrency exchange listed in New York.

13 Dec 2024 - 7:00AM

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.

12 Dec 2024 - 11:40AM

China launches antitrust probe into US chip giant Nvidia in tech war escalation

The action is an apparent response to Washington’s tightened chip restrictions against China.

9 Dec 2024 - 9:20PM

Nvidia chief executive Jensen Huang delivers a speech at an event on artificial intelligence in Tokyo on November 13, 2024. Photo: Kyodo

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

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

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

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

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

Bybit co-founder and CEO Ben Zhou said the cryptocurrency exchange would not cross China’s “red line” of allowing trading in yuan. Photo: Shutterstock

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

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

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Justin Sun invests US$30 million in Trump crypto tokens after banana artwork deal

Sun’s moves come amid booming cryptocurrency prices fuelled by excitement around the re-election of former US president Donald Trump.

27 Nov 2024 - 6:00PM

Donald Trump gestures at the Bitcoin 2024 event in Nashville, Tennessee, US, July 27, 2024. Photo: Reuters

Nvidia meets Chinese trade negotiator as fresh US chip sanctions loom

China’s top trade negotiator and key figure during Trump’s first term met Nvidia’s global business head amid reports of fresh US export restrictions.

25 Nov 2024 - 9:10PM

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

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

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

James David Spellman

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

James David Spellman

2 Jul 2024 - 4:30PM

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

Danny Chong

2 Jun 2024 - 6:26AM

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