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Bitcoin

Zhao Changpeng, founder and former CEO of Binance. Photo: Reuters

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

Bitcoin breaks US$89,000 for the first time on Trump crypto boom

12 Nov 2024 - 9:46AM

Trump’s crypto pledge may see China restore digital-asset market: HashKey head

12 Nov 2024 - 9:00AM

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

President Donald Trump at the Bitcoin 2024 conference in Nashville, Tennessee, in July. Photo: Getty Images/TNS

‘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

Wall Street stocks, bitcoin, US dollar soar following Trump win

However, concerns about inflation and higher interest rates emerged, leading to a decline in Treasury bond prices and European stock markets.

7 Nov 2024 - 7:42AMvideocam

Trump election victory cheers up China’s cryptocurrency proponents

These crypto proponents expect a bright future for digital assets and related policies on the mainland and Hong Kong.

6 Nov 2024 - 9:00PM

At one point on Wednesday, bitcoin prices reached above US$75,000, having gained more than 66 per cent since the start of this year. Photo: Shutterstock

Bitcoin hits record price after Trump takes early lead in US election

The original cryptocurrency jumped past US$75,000 on Tuesday night in the US, topping a record set in March.

6 Nov 2024 - 12:01PM

Binance founder CZ says will not return to crypto exchange after imprisonment

Zhao Changpeng said he does not ‘have any need to go back’ to the world’s largest cryptocurrency exchange, although he remains the largest shareholder.

1 Nov 2024 - 7:00PM

HKEX’s virtual asset index launch is a boost for Hong Kong’s crypto hub ambitions

The index series, launching on November 15, will offer benchmarks for bitcoin and ether.

28 Oct 2024 - 7:00PM

Bourse operator HKEX is launching a virtual asset index series for bitcoin and ether pricing. Photo: AP Photo

Letters | World must seize chance for peace following Sinwar’s death

Readers discuss the potential for a breakthrough in the Middle East war, the prospects of bitcoin and what Hong Kong can do to better serve its caregivers.

19 Oct 2024 - 11:30AM

A person stands next to the posters with the images of people kidnapped during the deadly October 7, 2023 attack by Hamas, in Jaffa, Israel, on October 17. Photo: Reuters

Singaporean living in Miami among 2 charged in US$230 million bitcoin theft

Malone Lam and Jeandiel Serrano allegedly spent the proceeds on nightclubs, luxury automobiles, watches and jewellery.

20 Sep 2024 - 11:26AM

Hong Kong sees biggest uptick in cryptocurrency activity in East Asia: report

The city rose to 30th place, up from the No 47 spot last year, in this year’s Global Cryptocurrency Adoption Index rankings by Chainalysis.

18 Sep 2024 - 8:00AM

Exclusive | Hong Kong weighs new OTC crypto scheme with SFC

A previous proposal had OTC cryptocurrency shops under the excise department, but some complained about confusing virtual asset rules, sources say.

12 Sep 2024 - 10:00AM

Signage for bitcoin in Hong Kong on August 5, 2024. Photo: Bloomberg

After ‘phenomenal’ growth, China needs plan to recover illicit digital assets

Growth of virtual currencies such as bitcoin and ether used in crimes has been ‘phenomenal’, law professor says.

4 Sep 2024 - 7:30PM

Signage for Bitcoin cryptocurrency in Hong Kong. Photo: Bloomberg

Crypto exchange HashKey opens two new tokens to retail investors

The cryptocurrencies, among the top 20 but not household names, were chosen because some bigger tokens face legal disputes, CEO Livio Weng says.

29 Aug 2024 - 2:54PM

Landmark ruling highlights need for Hong Kong’s crypto regulatory framework

Hong Kong High Court decision provides clarity and is consistent with the principle that new legal entities in the cryptocurrency field must be open to scrutiny.

27 Aug 2024 - 6:30AM

Thai authorities raid illegal bitcoin mine after power outages

Thai authorities raided an illegal bitcoin mine after residents complained of frequent blackouts in the area for more than a month.

25 Aug 2024 - 4:27PM

Representations of cryptocurrencies including Bitcoin, Dash, Ethereum, Ripple and Litecoin in this illustration. Photo: Reuters

Web3 firm Animoca Brands trading for as little as a quarter of last valuation

Yat Siu, chairman of the blockchain video gaming firm, said secondary market trading does not accurately reflect the value of the Hong Kong-based company.

14 Aug 2024 - 5:53PM

Letters | What a healthy approach to global security involves

Readers discuss why blocs that exclude certain nations are unhealthy for humanity, bitcoin prospects, housing regulation, and the Ukraine war.

8 Aug 2024 - 11:30AM

Hong Kong virtual bank Mox starts bitcoin, ether ETF trading

Mox says it is the first virtual bank to offer spot cryptocurrency ETFs as part of an effort to offer a holistic banking and investing solution to customers.

7 Aug 2024 - 11:00AM

Hong Kong-based virtual bank Mox is expanding with its first crypto-related service offering ETFs. Photo: Handout

Bitcoin slump dents Hong Kong’s efforts to build virtual assets sector

Bitcoin briefly tumbled below US$50,000 on Monday during one of the worst global markets sell-off in years, in a setback to Hong Kong’s efforts to boost its virtual assets sector.

5 Aug 2024 - 11:41PM

A pedestrian walks past a bitcoin display in Hong Kong, February 15, 2022. Photo: Getty Images

Chinese brokerage rewards Hong Kong crypto traders with Nvidia, Alibaba stock

Futu Securities is the largest online brokerage to directly sell crypto to retail investors, and it is rewarding early users with tech stocks or bitcoin.

2 Aug 2024 - 6:06PM

Letters | Hong Kong’s stablecoin regulation is a ripple that could create economic waves

Readers discuss Hong Kong’s proposed regulations for stablecoins, Malaysia’s plan for social media licensing, and the use of AI in K-pop.

1 Aug 2024 - 11:30AM

Trump says US must dominate cryptocurrency sector, cites China competition

The Republican presidential candidate has slammed Democrats’ attempts to regulate the sector.

28 Jul 2024 - 2:17PMvideocam

US Republican presidential candidate former President Donald Trump arrives to speak during a rally in St Cloud, Minnesota on July 27. Photo: Getty Images via AFP

As ether ETFs in US take off, Hong Kong may look to staking

Trading volume of spot ether ETFs has dwarfed that of similar products in Hong Kong, where some crypto investors hope the SFC will approve staking.

25 Jul 2024 - 8:00AM

A physical imitation of an ether cryptocurrency token on January 26, 2020. Photo: AFP

Hong Kong to get first bitcoin inverse investment product, adding to crypto ETFs

The new product from CSOP bets against bitcoin by investing in shorts on the Chicago Mercantile Exchange, with trading in Hong Kong to begin on Tuesday.

22 Jul 2024 - 5:00PM

Hong Kong relaxes some stablecoin rules, launches limited trials

The HKMA announced the first stablecoin issuers to trial e-commerce, trade settlement and tokenised assets, with final rules to be submitted to Legco this year.

18 Jul 2024 - 6:19PM

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Bitcoin

Bitcoin, released to the world in 2009 by a person or people called Satoshi Nakamoto, is not backed by a central bank or a government and is seen as an alternative payment system. In February 2013, Bitcoin went into the mainstream as a monetary crisis threatened to bankrupt Cyprus, seen as a safer bet. Early adopters of Bitcoin have been richly rewarded as the price has soared – in one case, a young Norwegian bought a house from an $850,000 windfall on a US$22 investment.

last updated:

9 September, 2024