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Digital currencies

Dogecoin was seen as a joke at first, but has since amassed a group of fans who have periodically sent its price soaring. Photo: Shutterstock

Dogecoin soars as Trump names Musk to head new DOGE efficiency department

‘Dogefather’ Musk is a long-time fan of the cryptocurrency with the canine mascot, and a staunch backer of the US president-elect.

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FTX sues Binance and former CEO ‘CZ’ for US$1.8 billion

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

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.

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.

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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.

Opinion | Why digitising financial pipelines is essential for global prosperity

Improving digital payments, especially across borders, will make every aspect of global commerce easier and more accessible.

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Hong Kong police called to crypto store after woman scammed out of HK$93,000

Source says man tricked victim into transferring crypto in person, leaving her at shop and telling her his associate would return with cash.

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Police have listed the case as obtaining property by deception. Photo: Shutterstock

Defend euro as China, Russia push for alternative currency: Europe’s bank chief

Next US leader also urged to weigh negative impacts of American and EU trade ‘restrictions and barriers’ on economic growth and inflation.

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European Central Bank President Christine Lagarde takes part in an annual meeting of the International Monetary Fund in Washington on Tuesday. Photo: EPA-EFE

Multi-country digital currency platform is worth the effort: central bankers

‘We must reduce new cross-border payment frictions while removing existing ones,’ says PBOC deputy governor.

Letters | Hong Kong is playing the long game in digital asset regulation

Readers discuss the city’s ambition to be a regulatory hub for institutional digital assets, the difficult road to Mandarin competency, and supermarket shrinkflation.

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How can Hong Kong’s virtual banks stay competitive?

Since the Hong Kong Monetary Authority awarded its first licences in 2019, the sector has grown to include 8 virtual banks – but making money has not been easy.

Cashless payments and self-service checkouts have become commonplace but, in Hong Kong, virtual banks have to fight to establish themselves in an already competitive banking environment. Photo: Shutterstock

Opinion | Reform financial markets now – or be forced into it with the next crash

It’s not just market volatility. We need to understand the deep structural forces sometimes beyond any single national regulator’s power.

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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.

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.

Signage at Hong Kong FinTech Week 2021 at the Convention and Exhibition Centre in Wan Chai. As hype around cryptocurrencies and blockchain fades, the show’s organisers see AI tech from the mainland taking centre stage. Photo: Shutterstock

Former Chinese finance official urges crypto research as US softens stance

Former finance vice-minister Zhu Guangyao called cryptocurrencies a ‘crucial aspect for the development of the entire digital economy’.

Some industry experts have been calling on China to review its strict ban on cryptocurrencies on the mainland as other markets, the US in particular, loosen their stance. Photo: Shutterstock

Bankman-Fried’s ex Ellison gets 2 years in prison in FTX fraud case

Caroline Ellison pleaded guilty to fraud and conspiracy after helping prosecutors in the conviction of her former boss and boyfriend.

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.

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

Opinion | Why it’s time Hong Kong joined China’s currency zone

Allowing Hong Kong banks to offer Chinese onshore renminbi services would enable the city to leverage its economic freedom on a whole new level.

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An employee counts Chinese yuan banknotes in an arranged photograph at the Bank of China Hong Kong headquarters, on November 12, 2015. Photo: Bloomberg

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.

Singapore gives go ahead for cashless gambling at its casinos

Cashless betting will allow players at gaming tables and machines to use virtual credits, but not cryptocurrencies, from e-wallets.

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