Category: Kongs
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Crypto derivatives a missing piece in Hong Kong’s virtual-asset push, Deribit says
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Deribit, the largest exchange of cryptocurrencies in the world, aims to expand Hong Kong, a sign of momentum where the market organizer is looking to make the city a center for virtual assets. Jean -David Picoenot, the company’s chief trading official, who is increasingly concerned with cryptocurrencies, said that the…
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Hong Kong’s central bank follows the Fed, cuts base rate by 50bp to 5.25%
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You will notice that the HKCB prime rate is slightly higher than the federal funds rate. The Hong Kong dollar is traded within a range pegged to the US dollar set by the Hong Kong Monetary Authority. You can see the boundaries of the range in the chart below. The…
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Hong Kong’s licensed crypto platform OSL set for brand overhaul
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Hong Kong-based cryptocurrency exchange OSL is set to rebrand as part of its global expansion plans. In a press release shared with crypto.news, OSL announced a partnership with Pentagram, a multinational design consultancy, to lead a “strategic brand refresh” in an effort to help OSL reach broader markets as it…
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Hong Kong’s licensed crypto platform OSL set for brand overhaul
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Hong Kong-based cryptocurrency exchange OSL is set to rebrand as part of its global expansion plans. In a press release shared with crypto.news, OSL announced a partnership with Pentagram, a multinational design consultancy, to lead a “strategic brand refresh” in an effort to help OSL reach broader markets as it…
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London stock market reforms hailed as major draw by Hong Kong’s CK Infrastructure
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Andy Hunter, deputy managing director of CK Infrastructure, the first company to list under the new rules, said the recent reform of London’s listing rules had made the UK stock market more attractive. Hunter praised the reforms as “very welcome,” citing the streamlined process as an important factor in the…
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Bitcoin and Ethereum Now Tradable on Hong Kong’s Largest Online Broker—Details
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Hong Kong has been making headlines in the cryptocurrency space lately for a number of reasons. One reason so far is that Futu Securities International, the largest online broker in Hong Kong, has announced its plans to expand. foot Retail cryptocurrency trading – Bitcoin and Ethereum – on its platform.…
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Hong Kong’s HashKey makes strategic investment in Catizen.AI’s publisher
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HashKey’s crypto venture capital arm has announced a strategic investment in Pluto Studio, the publishing platform behind the Telegram-based game Catizen.AI. HashKey Capital, the venture capital arm of Hong Kong-based cryptocurrency company HashKey, has backed Pluto Studio, the publishing platform behind the Telegram-based game Catizen.AI, with a “strategic investment” in…
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Hong Kong’s HashKey makes strategic investment in Catizen.AI’s publisher
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HashKey’s crypto venture capital arm has announced a strategic investment in Pluto Studio, the publishing platform behind the Telegram-based game Catizen.AI. HashKey Capital, the venture capital arm of Hong Kong-based cryptocurrency company HashKey, has backed Pluto Studio, the publishing platform behind the Telegram-based game Catizen.AI, with a “strategic investment” in…
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Hong Kong’s Top Virtual Bank to Offer Reserve Services to Crypto Stablecoin Issuers
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Hong Kong’s largest virtual bank, ZA Bank, achieved a new milestone earlier today by an offer Hong Kong has announced plans to offer exclusive Reserve Bank services to stablecoin issuers, a move in line with Hong Kong’s recent regulatory progress regarding cryptocurrencies. The initiative is part of the region’s new…
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Worldcoin’s Biometric Data Collection Violates Privacy Laws: Hong Kong’s Regulator
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The controversial Worldcoin project has faced another setback. Hong Kong’s privacy regulator, the Office of the Privacy Commissioner for Personal Data (PCPD), has ordered Worldcoin to cease all operations in the territory, citing that its practices violate local privacy regulations. The PCPD issued a statement this week revealing that Worldcoin…
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Hong Kong’s privacy watchdog accuses Worldcoin of violating data laws
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Hong Kong’s privacy regulator found Worldcoin to be in violation of local privacy laws, and asked the Worldcoin Foundation to cease all operations in the region. Worldcoin, an iris biometric cryptocurrency startup co-founded by OpenAI CEO Sam Altman, has found itself embroiled in a controversy over data collection practices in…
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Hong Kong’s privacy watchdog accuses Worldcoin of violating data laws
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Hong Kong’s privacy regulator found Worldcoin to be in violation of local privacy laws, and asked the Worldcoin Foundation to cease all operations in the region. Worldcoin, an iris biometric cryptocurrency startup co-founded by OpenAI CEO Sam Altman, has found itself embroiled in a controversy over data collection practices in…
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Hong Kong’s Bitcoin ETFs May Open To Mainland Chinese
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Richard Byworth, managing partner at SyzCapital, has sparked rumors suggesting that Hong Kong-listed Bitcoin ETFs may soon be available to investors from mainland China. Byworth’s remarks to X, formerly known as Twitter, highlight ongoing discussions about the possibility of integrating these ETFs into the Stock Connect system. This integration could…