Category: Kong
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Hong Kong Bitcoin ETFs Hits HK $2 Billion in AUM
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The three Hong Kong-based bitcoin ETFs have over HK$2 billion (about US$272 million) in assets under management since their launch earlier this year. New: ?? Hong Kong #Bitcoin ETF assets exceeded HK$2 billion in assets under management. China is getting ready ? pic.twitter.com/GQZC1Z5UFC — Bitcoin Magazine (@BitcoinMagazine) August 26, 2024…
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Hong Kong Spot Bitcoin ETFs Saw Highest Inflows in a Month
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Hong Kong-based bitcoin exchange-traded funds saw their largest inflow in more than a month today, highlighting Asia’s growing interest in bitcoin investment vehicles. Our new: ?? Hong Kong #Bitcoin ETFs saw $15 million in inflows today, the highest in a month. Slowly and steadily ? pic.twitter.com/Q83tjbS0ML — Bitcoin Magazine (@BitcoinMagazine)…
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Hong Kong legislator Johnny Ng advocates for Bitcoin, web3 development
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Hong Kong politician Johnny Ng has expressed interest in the concept of a national Bitcoin reserve, following Trump’s Bitcoin 2024 keynote speech — which included a plan to create a US Bitcoin reserve. In a post on X today, July 28, Ng, a member of Hong Kong’s Legislative Council, said,…
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Hong Kong legislator Johnny Ng advocates for Bitcoin, web3 development
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Hong Kong politician Johnny Ng has expressed interest in the concept of a national Bitcoin reserve, following Trump’s Bitcoin 2024 keynote speech — which included a plan to create a US Bitcoin reserve. In a post on X today, July 28, Ng, a member of Hong Kong’s Legislative Council, said,…
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Asia’s First Inverse Bitcoin ETF to Launch Tomorrow in Hong Kong
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The Hong Kong Stock Exchange (HKEX) is set to make history tomorrow by launching Asia’s first inverse cryptocurrency exchange-traded fund (ETF). Our new: ?? The first reverse in Asia #Bitcoin The exchange-traded fund (ETF) will launch tomorrow in Hong Kong. pic.twitter.com/HSV28BZd2l — Bitcoin Magazine (@BitcoinMagazine) July 22, 2024 The CSOP…
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Asia’s First Inverse Bitcoin ETF to Launch Tomorrow in Hong Kong
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The Hong Kong Stock Exchange (HKEX) is set to make history tomorrow by launching Asia’s first inverse cryptocurrency exchange-traded fund (ETF). Our new: ?? The first reverse in Asia #Bitcoin The exchange-traded fund (ETF) will launch tomorrow in Hong Kong. pic.twitter.com/HSV28BZd2l — Bitcoin Magazine (@BitcoinMagazine) July 22, 2024 The CSOP…
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Exclusive-Illicit chip flows to Russia seen slowing, but China, Hong Kong remain transshipment hubs By Reuters
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By James Pomfret and Michael Martina HONG KONG/WASHINGTON (Reuters) – Semiconductors and other banned goods shipped through China and Hong Kong to fuel Russia’s war effort have fallen by a fifth this year, previously undisclosed U.S. Commerce Department data shows, but Hong Kong remains a global hub for sanctions evasion.…
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Businessman Scammed Out of $400K in Crypto, 3 Arrested in Hong Kong
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Hong Kong police have arrested three individuals on suspicion of defrauding a businessman of HK$3.11 million, equivalent to about US$399,000, in crypto assets by offering him three bundles of counterfeit HK$1,000 banknotes. Officers reportedly seized 10,978 counterfeit HK$1,000 notes during a raid on the Mong Kok office where the fraudulent…
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Businessman Scammed Out of $400K in Crypto, 3 Arrested in Hong Kong
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Hong Kong police have arrested three individuals on suspicion of defrauding a businessman of HK$3.11 million, equivalent to about US$399,000, in crypto assets by offering him three bundles of counterfeit HK$1,000 banknotes. Officers reportedly seized 10,978 counterfeit HK$1,000 notes during a raid on the Mong Kok office where the fraudulent…
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Hong Kong Boy Kidnapped, Ransom Demanded in USDT: Report
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In Tsung Kwan O, Hong Kong, a 3-year-old boy was kidnapped from a shopping mall on July 3. Following the incident, the kidnappers demanded a ransom of US$660,000, equivalent to about HK$5.15 million. Hong Kong Kidnappers Demand USDT The boy’s parents were I ordered To download the Telegram messaging app…
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Hong Kong Boy Kidnapped, Ransom Demanded in USDT: Report
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In Tsung Kwan O, Hong Kong, a 3-year-old boy was kidnapped from a shopping mall on July 3. Following the incident, the kidnappers demanded a ransom of US$660,000, equivalent to about HK$5.15 million. Hong Kong Kidnappers Demand USDT The boy’s parents were I ordered To download the Telegram messaging app…
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Hong Kong to Adjust Crypto Laws in Response to Lawmaker’s Inquiry
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Hong Kong’s financial regulators take a measured approach to cryptocurrency regulations, responding with constant changes to market developments. Christopher Howe, Secretary of the Treasury, recently Confirmed The government’s strategy of continually monitoring and adapting cryptocurrency rules to suit the evolving industry comes amid concerns that regulatory frameworks may stifle innovation…
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Hong Kong to Adjust Crypto Laws in Response to Lawmaker’s Inquiry
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Hong Kong’s financial regulators take a measured approach to cryptocurrency regulations, responding with constant changes to market developments. Christopher Howe, Secretary of the Treasury, recently Confirmed The government’s strategy of continually monitoring and adapting cryptocurrency rules to suit the evolving industry comes amid concerns that regulatory frameworks may stifle innovation…
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At least four companies launch Hong Kong IPOs to raise about $500 million By Reuters
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Written by Scott Murdoch SYDNEY (Reuters) – At least four companies ranging from a U.S.-based aircraft manufacturer to a Chinese artificial intelligence company launched initial public production in Hong Kong on Friday to raise up to $500 million, according to their regulatory filings. Cirrus Aircraft, a Minnesota-based small jet aircraft…
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Country Garden’s Hong Kong liquidation hearing further adjourned to July By Reuters
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HONG KONG (Reuters) – Hong Kong’s High Court has postponed a hearing on a petition seeking the Chinese property developer’s liquidation to July 29, Embatled Country Garden said in a filing on Thursday. The company did not provide a reason for the delay. The hearing was originally adjourned to June…
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Major Milestone: Hong Kong Regulator Approves 11 Crypto Exchanges To Operate In The City
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Hong Kong’s Securities and Futures Commission (SFC) recently granted in-principle approval to 11 cryptocurrency exchanges to continue operating in the city. This marks the first step towards the issuance of Virtual Asset Trading Platform (VATP) licenses since 2022. The move comes as Hong Kong aims to establish itself as a…
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Fourteen Hong Kong democrats found guilty in landmark subversion trial By Reuters
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Written by Jesse Pang and James Pomfret HONG KONG (Reuters) – Fourteen Hong Kong pro-democracy activists were convicted and two acquitted on Thursday in a landmark subversive trial that critics say could deal another blow to the city’s rule of law and its reputation as a global financial center. The…
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OKX Bows Out of Hong Kong, Withdraws VASP License Bid
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To comply with regulatory requirements, OKX said it will discontinue centralized cryptocurrency trading services for Hong Kong residents effective May 31, 2024. OKX attributed the decision to withdraw the Virtual Asset Service Provider (VASP) license application to “careful consideration” of its business strategy. However, the exchange did not provide further…
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Hong Kong Eyes Ether ETF Staking to Outpace US
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Hong Kong is considering allowing exchange-traded funds (ETFs) to invest directly in ether. Hong Kong’s Securities and Futures Commission (SFC) is engaging the city’s cryptocurrency ETF issuers on offering staking services through licensed platforms, the Business Times reported. Passive encoder input This potential regulatory change could open up a new…
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OKX HK Discontinues License Application in Hong Kong, Asks Users to Withdraw Funds
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OKX has withdrawn its license application to provide virtual asset services in Hong Kong and plans to discontinue centralized virtual asset trading services for users in the region. In a statement on its website, the cryptocurrency exchange said it has withdrawn its VASP license application and will cease centralized virtual…