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TOPIC

Cryptocurrency

Cryptocurrency
News and analysis about non-fiat, decentralised assets used as digital currencies, including bitcoin, ether, altcoins and stablecoins.
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China

Quarter of Americans see Chinese-Americans as possible threat: poll

A survey found that some 63 per cent of Asian-Americans reported feeling unsafe in day-to-day situations. Photo: Shutterstock

Science

Former Harvard professor convicted over China ties joins Tsinghua University

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Charles Lieber was found guilty in 2021 of hiding his ties to a Chinese talent programme. Photo: AP

China Economy

China’s C919 stuck on tarmac in Europe as certification timeline extended

China’s home-grown C919 jet is facing a longer timeline for European certification than previously anticipated. Photo: Nora Tam

Southeast Asia

‘If I were God, I wouldn’t choose me’: Filipino cardinal tipped to be next pope

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Filipino cardinal Luis Antonio Tagle attends a rosary prayer at Santa Maria Maggiore Basilica in Rome on April 24. Photo: AFP

China Economy

First blood? Trump’s trade war starts to bite as China’s cargo shipments slump

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Trucks move past piles of containers stacked at a container terminal port on the Yangtze River in southwest China’s Chongqing Municipality on April 20. Photo: AP
An image of US President Donald Trump seen next to a bitcoin ATM in Hong Kong on April 9. Photo: AFP
Digital currencies

Hong Kong ranks as second-most crypto-friendly city in the world in new index

The city is just behind Ljubljana, capital of Slovenia, in an evaluation based on factors such as regulation, taxes and wealth.

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Bitcoin

Bitcoin, ether rout extends as tariff war pain batters cryptocurrency assets

Blockchain

Hong Kong lawmaker calls for support of Web3 sector as Tron founder flags fraud

Artificial intelligence

Hong Kong crypto firm HashKey jumps on AI bandwagon, joining Web3 players

HashKey’s first AI product is designed for content moderation, but it envisions a future of AI agents trading on blockchain on behalf of users.

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Hong Kong-based cryptocurrency exchange operator HashKey is joining the artificial intelligence race with a product designed for content moderation. Photo: Shutterstock
Bitcoin

Bitcoin, other cryptocurrencies succumb to risk-asset slump amid Trump tariffs

For bitcoin, which fell as much as 4 per cent to about US$82,000 on Thursday, US$80,000 is a ‘must-hold’ level, cryptocurrency analysts say.

Bitcoin

US cryptocurrency exchange Coinbase sees worst quarter since FTX collapse

Nearly every major firm linked to cryptocurrencies were hammered this quarter, as concerns about the US economy weighed on digital assets.

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Fintech

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.

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?

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Bitcoin

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.

Blockchain

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.

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.

As Hong Kong courts cryptocurrency business to the city, the local currency’s peg to the US dollar could be a standout advantage where stablecoins are concerned. Photo: Shutterstock
Donald Trump

Trump’s ‘cyber summit’ gives digital currency new prominence and large US role

Ahead of White House session, US president signs order establishing ‘Strategic Bitcoin Reserve and United States Digital Asset Stockpile’.

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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.

8
Bitcoin

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.

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
Blockchain

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.

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

North Korea

FBI blames North Korea for US$1.5 billion ByBit crypto hack

According to the company, a hacker gained control of an ether wallet and transferred the holdings to an unidentified address.

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Blockchain

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.

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

Banking & finance

Crypto derivatives missing from Hong Kong’s virtual-asset push, Deribit says

Dubai-based exchange aims to expand in the city as the regulator is set to consider letting professional investors trade crypto derivatives.

Icons and Influencers

Who is Bo Hines, the ex-college footballer Trump chose as crypto adviser?

Hines played football at North Carolina State and Yale, but always wanted to be a politician – he has few cryptocurrency credentials, yet has been chosen to advise on the digital landscape.

Donald Trump endorsed Bo Hines during his failed bid for the US House of Representatives in 2022. Photo: @bohines/Instagram
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.

A view of Central from above. Photo: Sam Tsang
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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Diplomacy

Macroscope | Trump’s ‘big stick diplomacy’ won’t go far in today’s world system

Conflicting monetary goals and budget constraints will undermine the administration’s ability to exert influence from a position of strength.

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Banking & finance

Opinion | Will Trump’s AI and energy goals burst the US credit bubble?

US policies regarding fossil fuels and technology are reshaping monetary norms as the country seeks to benchmark itself against China.

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An illustration shows a bitcoin mock-up in front of an image of Donald Trump, on November 22, 2024. Photo: EPA-EFE

Editorial | Tokenised legal notice in Hong Kong shows value of courts keeping up with tech

Injunction using blockchain was served on unknown holders of two cryptocurrency wallets, barring them from disposing of assets obtained through a scam.

The High Court building in Admiralty. Photo: Warton Li
DeepSeek

DeepSeek warns of impostor accounts as AI app’s popularity soars

The Chinese AI start-up has urged the public to be vigilant of accounts posing as its founder or selling cryptocurrencies in its name.

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Bitcoin

Bitcoin slides below US$100,000 as Trump’s tariffs rattle markets

US president imposed 25 per cent tariffs on Mexican and most Canadian imports, and 10 per cent on goods from China, starting on Tuesday.

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