Hong Kong – Page 24

Investment Insights

Rothschild’s RIT Capital leads funding round for Aspen Digital to provide crypto services for institutional investors

Hong Kong-based Aspen Digital, a digital asset management platform for institutional investors, announced on Wednesday that it has secured US$8.8 million in pre-A funding to develop a one-stop shop for asset managers to invest in digital assets and manage their clients’ portfolios. Fast facts The funding round was led by RIT Capital Partners, the London-based […]

Michelle LimAug 5, 2021

Regulation

Crypto crimes surge to record levels in Hong Kong

Crypto-related crime has hit record levels in Hong Kong for the first six months of this year, with one victim losing HK$124 million (US$15.95 million) to fraudsters, according to the South China Morning Post. Fast facts Hong Kong police recorded 496 such cases totaling HK$214.4 million (US$27.58 million) in just the first half of this […]

Lachlan KellerAug 3, 2021

Regulation

Huobi’s stock plunges in Hong Kong as it shuts Beijing unit

Closure of blockchain business may be related to regulatory concerns, but unlikely to hit crypto industry hard, observers say.

Timmy ShenJul 27, 2021

Upcoming NFT Projects

Hong Kong’s South China Morning Post to make NFTs to preserve history

Hong Kong newspaper the South China Morning Post is making a foray into the world of non-fungible tokens in the latest move by a Hong Kong publisher to preserve content through blockchain technology. Fast facts The SCMP today released its “ARTIFACT” lite paper, a project designed to advocate “a standardized metadata structure for recording accounts […]

Timmy ShenJul 19, 2021

Regulation

Hong Kong raid uncovers suspected US$155M crypto laundering scheme

Tether stablecoins linked to funds funneled to banks in Singapore and elsewhere amid worldwide cryptocurrency crime increase.

Timmy ShenJul 15, 2021

DeFi News

BIS: cooperation essential for CBDCs to improve cross-border payments

In a new report, BIS says countries must work together and design CBDCs with interoperability in mind. Hong Kong and Singapore lead mCBDC efforts.

Michelle LimJul 9, 2021

NFTs and Art

Hong Kong manga finds virtual home on blockchain as authorities silence publishers

NFTs offer haven as authors self-censor amid intensifying crackdown on free expression.

Timmy ShenJul 9, 2021

Regulatory News

Hong Kong’s Cyberport invests in digital asset custodian Hex Trust

Hex Trust, a Hong Kong-based digital asset custodian, today announced that it has secured investment from Cyberport, a technology incubator project backed by the Hong Kong government.

Michelle LimJun 30, 2021

Regulation

Hong Kong to press ahead with digital dollar, e-CNY plans

Hong Kong's financial secretary has reiterated the city's determination to develop digital versions of the Hong Kong dollar and the mainland Chinese yuan.

Kelly LeJun 28, 2021

Advanced Blockchain Technologies

Following forced closure, Hong Kong’s Apple Daily preserved on blockchain

A tech-savvy activist is using blockchain technology to preserve content from Hong Kong’s Apple Daily, which was yesterday forced by the government to shut down.

Forkast.NewsJun 24, 2021