Bitcoin (BTC) remains steady, trading above $84K as East Asian markets begin the week. Mixed messages from the White House regarding tariffs on semiconductors and tech components have created uncertainty in the Market. Commerce Secretary Howard Lutnick indicated that recent exemptions for items like smartphones and computers from tariffs are temporary. President Trump confirmed this, ...
A Hong Kong lawmaker, Johnny Ng Kit-chong, is encouraging global investors to keep their faith in the city’s Web3 sector following accusations from cryptocurrency mogul Justin Sun about flaws in local financial regulations. Sun claimed that the First Digital Trust misappropriated funds connected to the TrueUSD stablecoin for other investments, raising concerns about Hong Kong’s ...
HK Asia Holdings Limited has expanded its Bitcoin holdings to almost 9 BTC, following a significant increase in its share price after its initial Bitcoin purchase. In a recent announcement, the Hong Kong-based investment firm revealed that it bought around 7.88 BTC for about $761,705, raising its total Bitcoin investment to approximately $861,500. This move ...
Deribit, the largest cryptocurrency derivatives exchange in the world, is looking to expand its operations in Hong Kong. This move reflects a growing trend as Hong Kong seeks to become a major hub for virtual assets. The company’s chief commercial officer, Jean-David Péquignot, highlights Hong Kong’s status as an international financial center and its active ...
Hong Kong has taken a significant step by officially recognizing Bitcoin and Ethereum as valid forms of proof for investment immigration applications. This change highlights the region’s growing acceptance of digital assets within its financial system. Recent reports indicate that at least two applicants successfully used these cryptocurrencies to meet the required asset threshold of ...
Hong Kong lawmaker Wu Jie has urged the government to consider including Bitcoin in its fiscal reserves as a way to adapt to the evolving global economy. He suggests that by investing a small percentage of reserves into cryptocurrencies, particularly Bitcoin, the government could potentially protect against inflation and reduce reliance on traditional assets like ...
Hong Kong is moving quickly to become a major player in the cryptocurrency world. The Securities and Futures Commission (SFC) has recently approved licenses for four additional crypto exchanges: HKbitEX, Accumulus, DFX Labs, and EX.IO. This comes as part of a streamlined process to help these trading platforms operate more efficiently. Earlier, three other exchanges ...
