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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.

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

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

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.

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.

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.

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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.

Founder and former CEO of Binance Zhao Changpeng attends an event in Rome on May 10, 2022. Photo: Getty Images

Chainlink makes a case for blockchain-driven finance at SmartCon in Hong Kong

As Chainlink touts its technology that has brought blockchain transfers to the Swift network, geopolitical scrutiny is growing in the space.

Circle CEO envisions stablecoins playing greater role in trade settlements

Jeremy Allaire envisions a ‘global network of stablecoins’ enabling ‘better, faster, cheaper’ transactions for emerging markets trading through Hong Kong.

Hong Kong court orders HK$1.85 million recovery in first civil suit against JPEX

District Court rules platform breached its duty, ‘wrongfully’ transferred away plaintiffs’ assets to other unknown crypto wallets.

JPEX advertisements in an MTR station in 2023. Photo: Handout

Ant CEO Eric Jing touts tokenisation benefits for cross-border transactions

Tokenisation is a major focus of FinTech Week this year, in addition to AI, as Web3 in Hong Kong looks beyond ‘speculative’ cryptocurrencies.

Hong Kong FinTech Week 2024 kicked off on Monday with an emphasis on artificial intelligence and tokenisation. Photo: Matt Haldane

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.

Style Edit: Louis Vuitton’s Monogram Star diamond and the LV Diamonds Certificate

Designed by artistic director Francesca Amfitheatrof, the new icon is used along with other brand signatures like the Damier pattern and Art Deco ‘V’ shaped rings.

US charges crypto firms and staff with fraud, including 2 from Hong Kong

Prosecutors say the defendants engaged in sham trades to artificially inflate the trading volume of cryptocurrency tokens.

Defendants of a US fraud case are charged with manipulating the value of various cryptocurrencies. Photo: Reuters

Hong Kong firm HKVAX gets approval to run city’s third cryptocurrency exchange

Local firm Hong Kong Virtual Asset Exchange aims to offer over-the-counter trading, exchange and custody services.

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The new cryptocurrency exchange licence granted to HKVAX shows Hong Kong’s resolve to build up its virtual-asset industry. Photo: Shutterstock

FinTech Week highlights AI, Chinese companies as Web3 hype fades

Two years after showcasing Hong Kong’s crypto pivot, FinTech Week organisers say the event can serve as an incubation platform for frontier technologies.

Hong Kong to explore 11 use cases in phase 2 of e-HKD pilot

This phase of the HKMA’s digital currency programme will focus on efficiency and whether the e-HKD attracts and entices users, deputy CEO Howard Lee says.

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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.

Hong Kong saw an 85.6 per cent year-on-year surge in cryptocurrency transaction value, the largest growth seen in East Asia, according to a report by research firm Chainalysis. Photo: Shutterstock

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.

The Google of Web3? Ant’s Zan blockchain plans to make it happen

The head of the year-old blockchain venture says he aims to leverage Hong Kong’s supportive environment to build a critical Web3 services company.

Hong Kong’s launch of wCBDC sandbox takes it closer to tokenised market

Six participants, including HSBC, Standard Chartered and Bank of China (Hong Kong), showcased test cases that will be explored to boost scale and interoperability.

The HKMA has launched a wholesale central bank digital currency sandbox, which will test a new financial market infrastructure that facilitates all the stages of a tokenised asset transaction. Photo: Shutterstock

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.

The booth of HashKey Group, one of two licensed cryptocurrency exchanges in Hong Kong, seen at the city’s Web3 Festival in April 2024. HashKey started offering two new tokens beyond bitcoin and ether to retail investors on Wednesday. Photo: Handout

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.

China’s money laundering crackdown puts crypto investors, USDT traders at risk

China’s highest court says use of virtual assets to transfer criminal proceeds is among a range of money laundering methods on the mainland.

Hong Kong urged to grab chance after unprecedented ruling in blockchain case

Authorities urged to introduce legal framework to boost investors’ confidence and turn Hong Kong into a global Web3 hub.

Courts in Hong Kong and other jurisdictions have had little experience in dealing with disputes related to cryptocurrency trading, the judge said. Photo: Sam Tsang

BEA unit to hold fintech day in October to promote innovation

The inaugural Beast event will be held during Fintech Week in late October, which will allow start-ups and bankers to exchange ideas to build a tech ecosystem in the city, according to a senior BEA executive.

Stephen Leung, group chief information officer of Bank of East Asia, said the bank’s Beast platform will hold its inaugural fintech day in October. Photo: Enoch Yiu

DBS launches treasury tokens with Ant to manage liquidity across borders

DBS’ latest project originates from the lender’s participation in the Monetary Authority of Singapore’s tokenisation projects.

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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.

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Blockchain
The latest news, analysis and opinion on Blockchain. In-depth analysis, industry insights and expert opinion.
last updated:
9 September, 2024
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