Hong Kong – Page 21

Hong Kong-listed Huobi Tech launches cryptocurrency OTC service

Formerly known as Pantronics Holdings, Huobi Technology has shifted its focus from electronic products to crypto.

Cyber vigilante hunts down DeFi scammers running away with $25M rug pull

An exclusive Cointelegraph interview on tracking down a group of DeFi scammers responsible for the $25 million StableMagnet rug pull.

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US Still Dominates Bitcoin Mining Sector, 30-Day Stats Show Foundry USA Takes Top Pool Position

Since the Cambridge Bitcoin Electricity Consumption Index (CBECI) project updated its mining map in mid-July, the United States has continued to dominate in terms of the amount of hashpower worldwide. Moreover, data shows that Foundry USA has managed to command the top pool position with 755 bitcoin block rewards mined during the last 30 days. […]

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Hong Kong begins discussions to introduce stablecoin regulatory framework

The Hong Kong Monetary Authority shared a list of eight questions to seek policy-related recommendations citing five possible regulatory outcomes — no action, opt-in regime, risk-based regime, catch-all regime and blanket ban.

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Japan-based crypto exchange DeCurret plans to sell to HK’s Amber Group: report

According to the Nikkei report, the crypto exchange was unable to compete with major companies including BitFlyer and Coincheck and “profits were tapering.”

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Hong Kong Monetary Authority aims to oversee stablecoin reserves

Hong Kong’s central bank is inviting global stablecoin operators to respond to its proposed rules.

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Hong Kong-based Coinsuper allegedly blocks customers’ withdrawals

Five clients reportedly filed police complaints after token withdrawals were apparently halted, leaving them unable to reclaim around $55,000 in cryptocurrency and fiat.

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Hong Kong real estate giant leads $90M raise for crypto bank Sygnum

Sun Hung Kai reportedly became the biggest seller of new homes in Hong Kong in January 2022.

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The Sandbox Partners With a Myriad of Hong Kong Luminaries, Plans to Launch Metaverse ‘Mega City’

The Animoca Brands subsidiary and blockchain-based virtual world, The Sandbox, has announced the firm has made multiple partnerships in Hong Kong, and has plans to create a “Mega City” in the metaverse. Partners who acquired land in The Sandbox to build Mega City include Hong Kong tycoon Adrian Cheng, professional services firm PWC Hong Kong, […]

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Southeast Asian financial institutions turn to the Ethereum blockchain

Is Ethereum the blockchain of choice for financial institutions in Southeast Asia, or will companies seek alternatives due to limitations?

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