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Blockchain

Blockchain
The latest news, analysis and opinion on Blockchain. In-depth analysis, industry insights and expert opinion.
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Trending in China

Shock as China building workers hung on gate by harnesses as safety training

Three construction workers in China were hung from a gate by their harnesses as part of their safety training, sparking public shock. Photo: SCMP composite/Shutterstock/Douyin

Military

Chinese satellites seen ‘dogfighting’, US Space Force official says

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A Shiyan-24C experimental satellite is launched from a sea platform in 2024. The satellite is among those seen “dogfighting in space”, according to the USSF. Photo: Handout

Military

China’s 6th-gen fighter sighted again as Trump ‘set to announce’ jet contract

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China’s sixth-generation stealth fighter has been spotted on another test run. Photo: Weibo/第一军情

Science

Chinese breakthrough challenges Elon Musk’s verdict on paralysed patients

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Four patients with spinal cord injuries were able to move their limbs hours after groundbreaking surgery as part of a clinical trial led by Shanghai’s Fudan University. Photo: Fudan University

Science

Former US defence researcher Zhan Hanyu joins China’s elite aerospace university

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In December, Zhan Hanyu became a full-time professor at the college of automation engineering at Nanjing University of Aeronautics and Astronautics after studying and working in the US for more than 15 years. Photo: The Paper
Illustration: Pearl Law
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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Digital currencies

Ethereum co-founder Gavin Wood says Web3 is on track as finance firms move in

Digital currencies

Trump wants the US to be the world’s crypto capital. Will China take notice?

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Asean

Opinion | Trump is bringing the trade war to Southeast Asia. Asean must act

Unless nations can work together to blunt the worst effects, the region may have to live with slower growth for years to come.

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The Asean flag (right) is seen alongside the flags of member countries ahead of the grouping’s foreign ministers’ retreat in Langkawi, Malaysia, on January 17. Photo: Reuters
Donald Trump

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.

Banking & finance

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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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.

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
Bitcoin

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.

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.

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.

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

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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Physical representations of bitcoin seen at Consensus Hong Kong, organised by CoinDesk, at the Convention and Exhibition Centre on Wednesday. Photo: AFP
Hong Kong

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.

Banking & finance

Standard Chartered, Animoca, HKT to pursue Hong Kong dollar-backed stablecoin

Stablecoins are digital assets that maintain a fixed value relative to a government-issued fiat currency or other reference rate.

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.

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

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’.

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
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.

Hong Kong courts

Hong Kong court order sent to cryptocurrency wallets, setting new precedent

Lawyer says this is first time among major common law jurisdictions that court order effectively served by way of tokenisation.

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Science

Prominent computer scientist Chen Jing leaves US to teach in China

Specialist in computational economics brings ‘dual perspective’ after returning to Beijing’s Tsinghua University as a professor.

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Computer scientist Chen Jing says she wants to train younger researchers in computational economics, equipping them to identify and solve real-world societal problems. Photo: Tsinghua University
Digital currencies

Trump’s meme coin draws billions in crypto trading volume

Major exchanges like Coinbase and Binance say they intend to list Trump’s token on their platform, while Melania also unveiled a coin.

Donald Trump

Trump plans to make cryptocurrency a national priority, sources say

The US president-elect plans to release an executive order to advocate for the crypto industry’s policy priorities, according to sources.

Crime

BitMEX fined US$100 million for violating anti-money-laundering laws

Prosecutors accuse BitMEX and its founders of failing to adopt anti-money-laundering and “know your customer” programmes.

BitMEX has been fined US$100 million for anti-money-laundering violations. Photo: SCMP
United States

Binance, Changpeng Zhao lose US Supreme Court appeal in unregistered tokens suit

The court’s decision allows a class-action lawsuit to proceed, finding that US securities laws apply despite Binance’s foreign operations.

Changpeng Zhao, founder and CEO of Binance. Photo: Getty Images
Malaysia

Stateless no more? Rohingya in Malaysia turn to tech to fight erasure

The project aims to harness blockchain technology to create a ‘decentralised identity’ and preserve the Rohingya’s heritage and culture.

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Bitcoin

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

‘We remain convinced US$100,000 is not the final milestone,’ analysts at brokerage Bernstein say.

Cryptocurrency

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

The State Administration of Foreign Exchange wants banks to monitor and report risky trades, including those involving cryptocurrencies.

China’s foreign exchange regulator has tightened scrutiny on commercial activities involving bitcoin and other cryptocurrencies. Photo: Shutterstock
Bitcoin

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.

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.

Hong Kong economy

Opinion | Weakest link in Hong Kong’s tech ecosystem? Scale-up funding

With venture capital and IPO growth weak globally, start-ups should aggressively seek international commercialisation, leverage marketing strategies and connect with power players overseas.

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