hong kong

Shanghai Man: Bitcoin interest drops in China amid crackdown on social media and miners

This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. This week, following a tumultuous few weeks of regulation, the Bitcoin world’s focus shifted to Miami and Latin America. Searches for Bitcoin on …

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Hong Kong to expand pilots for cross-border use of digital yuan

The Digital Currency Institute of the People’s Bank of China and the Hong Kong Monetary Authority are quickly moving forward with their joint testing of the use of the digital yuan for cross-border payments. According to Bloomberg, this week, the HKMA staff confirmed that the first phase of testing for the currency’s cross-border use had …

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Coinbase handled trades and custody for Meitu’s $90M crypto investment

Crypto exchange Coinbase’s institutional custody platform helped execute the purchase and custodying of roughly $90 million of Bitcoin and Ether for Chinese tech company Meitu. In a blog from Coinbase today, the U.S.-based crypto exchange said Meitu used its services to execute up to $90 million worth of crypto transactions “across multiple marketplaces with minimal …

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Report: Asia’s Cryptocurrency Landscape the Most Active, Most Populous Region ‘Has an Outsize Role’

<div class=”featured_image_container”> </div> <strong>Recently, Messari Crypto Researcher, Mira Christanto published a report that looks into Asia’s cryptocurrency landscape in-depth, as 60% of the world’s population resides in the region. Christanto’s study shows that six out of the top ten largest cryptocurrency unicorns are located in Asia. Moreover, 98% of ethereum-based futures and 94% of bitcoin …

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Robbers Take $450K From a Tether Trader During an In-Person Transaction in Hong Kong — Second Incident in 2021

<div class=”featured_image_container”> </div> <strong>Hong Kong police are investigating the second incident in the year involving an offline cryptocurrency transaction. A female trader is reportedly the latest victim of robbers who stole her HKD 3.5 million ($451,000) worth in tether (<a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/USDT” target=”_blank” rel=”noopener”>USDT</a>) tokens.</strong> One of the Robbers Gained Female’s Trust by Performing Three …

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Hong Kong Grants First License to Cryptocurrency Trading Platform

<div class=”featured_image_container”> </div> <strong>Hong Kong now has its first regulated cryptocurrency trading platform. The Securities and Futures Commission has just given out the first-ever crypto license to OSL Digital Securities which will soon commence trading for several cryptocurrencies, including bitcoin.</strong> Hong Kong Gives Out First Crypto License Hong Kong’s Securities and Futures Commission (SFC) has …

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Hong Kong in Talks With PBOC on Digital Yuan Trial for Cross-Border Payments

Hong Kong Monetary Authority (HKMA), the city’s central banking institution, said it is working with the People’s Bank of China (PBOC) to test digital yuan use cases.  PBOC’s Digital Currency Institute and the HKMA are discussing the technical pilot testing of using e-CNY for making cross-border payments while making the corresponding technical preparations, Eddie Yue, …

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Hong Kong Crypto Exchange Founder Taken Amid China’s Crackdown on Fraudulent Bank Accounts

Hong Kong-based crypto exchange CEO Global said Saturday one of its founders has been taken away by authority to assist with an investigation for 15 days and it has no idea when he may return. “Affected by the ongoing national crackdown on fraudulent sim cards and bank accounts, the bank account of one of our …

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Hong Kong’s Amber Group Picks BitGo Trust in Quest for Institutional Investors

Crypto market maker Amber Group will service its clientele of institutional traders with the help of BitGo Trust, the custodial arm of the Palo Alto-based security firm. BitGo’s status as a qualified custodian should draw more high-net-worth investors to Amber from places like Hong Kong, Taiwan and Seoul, the companies said. The Hong Kong-based market …

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China’s BSN International integrates support for Tezos network

China’s government-backed blockchain project, the Blockchain Service Network, has announced the integration of the Tezos blockchain onto its international portal. According to an official announcement on Sept. 24, Tezos has been selected as the “one of the first batch of blockchains” to be integrated into the BSN International — a global platform providing access to …

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