Hong Kong

Blockchain makes foray into fighting the Coronavirus

The Coronavirus has become a major global disaster. While Wuhan province in China has been the most affected, the effect has been global, with the number of confirmed cases now topping 30,000. The economic effect has been huge, and the world of crypto has felt it as well. Cryptocurrency mining is almost entirely dependent on […]

Hong Kong approves license for city-state’s first crypto-lending platform

Crypto-lending platform PawnHub has become the first company to receive a license from the Government of Hong Kong, a license that will allow the firm to expand its crypto-lending services in the country. Following the receipt of the license, the firm now plans to partner with a leading US-based cryptocurrency custodian in a bid to […]

Countries Where Ethereum is Banned or Legal

If you are looking to buy, sell, or spend Ethereum (ETH), you should first check if Ethereum is legal in your country. Different countries hold different stances on cryptocurrency and their regulations. While some countries’ laws single out Bitcoin, it is still rare to find a jurisdiction which created a different set of rules concerning […]

Bitcoin mining IPO mirrors currency volatility

The Hangzhou-based company, which sells equipment used to solve complex puzzles to uncover, or mine cryptocurrency, has had several recent false starts. By Sharon Lam, Reuters News HONG KONG – It promises all the highs and lows of a real gold rush. Canaan, a Chinese company and the world’s second biggest maker of hardware used to […]

Soaring bitcoin could ‘explode in value’ as investors panic over coronavirus

Flagship cryptocurrency bitcoin spiked on Monday after the Chinese stock market crashed on its reopening following an extended Lunar New Year break. Bitcoin surged to $9,608, the highest since October, shortly after markets opened in Hong Kong. The digital currency has entered a bull rally on January 3, adding nearly 40 percent since then. It’s the […]

Crypto Token Sales Market Statistics

Top 10 Token Sales by Funds Raised. Total Funds Raised per Month Name Amount Raised Start Date End Date Description 1 EOS $4,197,956,136 Jun 26, 2017 Jun 01, 2018 EOS has raised the highest amount of funds ever in it’s ico, making over 4 billion dollars. EOS is a platform that supports decentralized apps. It […]

China’s digital currency to connect Hong Kong, China’s trade finance blockchains

Linking trade finance blockchains China’s trade finance blockchain, also known as the ‘Bay Area Trade Finance Blockchain Platform” (BATFB)’, was built in conjunction with the Digital Currency Institute. As we reported four months ago, it had processed $4.5 billion (30 billion Yuan) and had 28 bank members since its launch in September last year. Now, […]

Singapore proposes to regulate bitcoin futures

HONG KONG (Reuters) – Singapore’s central bank plans to bring bitcoin and other similar cryptocurrency futures traded on approved exchanges under its regulation in response to interest from international institutional investors, it said on Wednesday. Market watchdogs worldwide have been debating whether and how they should regulate the cryptocurrency industry. Many have focused their attention […]

Hong Kong, rule of law and the free market

In general, Hong Kong has a reputation as a reliable and predictable non-interventionist regulator. Most rules are clearly laid out and easy to comprehend and follow for people with little legal training (like me). Rules rarely contradict each other and while government agencies do not closely coordinate with each other or share common goals, there […]

Five things to know about bitcoin

There have been much interest and news around bitcoin, which saw prices rallying to new highs throughout 2017. The price surge and fluctuation is indeed very drastic. However, savvy investors should not just look at the price gains, nor follow the herd to rush to participate in speculation. Bitcoin is not a currency but a virtual […]

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