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Nigerians have looted the office of digital asset trading platform, CBEX after hundreds of users saw their account balances plummet to zero following the exchange’s collapse. According to a report by BBC Pidgin, investors reportedly failed to withdraw their funds…
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A growing number of Hong Kong investors are turning to digital banks over crypto exchanges due to one-stop convenience, a survey reveals. A new survey from ZA Bank shows that nearly 70% of crypto investors in Hong Kong prefer using…
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Hong Kong financial authorities have officially allowed crypto firms to provide staking services for customers. However, they must abide by guidelines meant to protect users from associated risks. According to a notice published by the Securities and Futures Commission on…
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Tron founder Justin Sun has initiated a legal process against First Digital Trust, the issuer behind the FDUSD stablecoin, accusing it of embezzling nearly $500 million in client funds. On a Apr. 3 post in X, Sun said he had…
FDUSD
First Digital USD
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9GAG has reportedly taken control of Hong Kong-listed Howkingtech, which may be rebranded as MemeStrategy to explore AI, cryptocurrencies, and creator economy opportunities. Ray Chan, the co-founder of 9GAG, a popular meme-sharing and news site, is said to have taken…
BTC
Bitcoin
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Interest in cryptocurrencies shows no signs of slowing down in Hong Kong as 25% of adults planning to invest, a new survey finds. A November 2024 survey by the Hong Kong University of Science and Technology found that a quarter…
BTC
Bitcoin
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HashKey and Bosera are launching tokenized money market ETFs in Hong Kong, offering blockchain-based access to stable cash management. Cryptocurrency exchange HashKey, in collaboration with Chinese asset manager Bosera, is set to launch two tokenized money market exchange-traded funds in…
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Hong Kong-based crypto firm HashKey has launched a new initiative to rate cryptocurrencies and exchanges in a bid to enhance market transparency and compliance. Cryptocurrency trading group HashKey has unveiled a new initiative to rate cryptocurrencies and crypto exchanges in…
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Hong Kong digital asset company, IDA Finance teams up with Japanese banking group Progmat and other firms to develop a stablecoin remittance service between the two regions. According to a recent press release, IDA and Progmat Inc will also be…
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A Solana-based ‘Hong Kong coin’ is being promoted by an X account impersonating as the Chief Executive of Hong Kong. Authorities and regulators have warned traders not to get scammed by the fake coin. On March 6, Hong Kong lawmaker…
SOL
Solana
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The Hong Kong arm of ChinaAMC has introduced a tokenized money market fund in a bid to expand blockchain-based investment options for retail investors. China Asset Management (Hong Kong), a subsidiary of one of China‘s largest fund houses, has launched…
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Hong Kong-based investment holding company HK Asia will buy more Bitcoin after securing board approval to expand its cryptocurrency holdings. According to a Feb. 23 announcement, the company’s board of executive and non-executive directors approved plans to increase the company’s…
BTC
Bitcoin
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Hong Kong will prioritize tokenization and stablecoins in boosting the country’s web3 ecosystem, says Financial Services Secretary, Christopher Hui. According to a South China Morning Post report, Hong Kong Secretary for Financial Services and the Treasury Christopher Hui Ching-yu considers…
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Peter Thiel-backed crypto exchange Bullish has obtained licensing approval from the Hong Kong Securities and Futures Commission for its Hong Kong arm. Bullish Global, the cryptocurrency exchange backed by Peter Thiel, has secured two licenses for its Hong Kong arm,…
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LTP has obtained five key licenses from the Hong Kong Securities and Futures Commission, positioning itself as a regulated leader in the industry. The licenses, granted to its Hong Kong subsidiary LiquidityTech Limited, cover a broad range of regulated activities. …
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Standard Chartered, Animoca Brands, and HKT have formed a joint venture to apply for a Hong Kong dollar-backed stablecoin license. Standard Chartered‘s Hong Kong branch, crypto venture firm Animoca Brands, and HKT have teamed up to launch a joint venture…
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