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Antminer-S19-Pro
News
Antminer-S19-Pro
News

Powercrypto Choses Hong Kong to Launch Crypto Mining Fleets for BTC & ETH Amid China Crackdown

Chinese authorities are now going hammer and tongs to decimate the crypto mining industry in the country. As a result, some big players are now looking to make Hong Kong their base of operations. On Friday, October 8, Powercrypto Holdings – a subsidiary of Powerbridge Technologies – has announced to launch a fleet of crypto

Chinese authorities are now going hammer and tongs to decimate the crypto mining industry in the country. As a result, some big players are now looking to make Hong Kong their base of operations. On Friday, October 8, Powercrypto Holdings – a subsidiary of Powerbridge Technologies – has announced to launch a fleet of crypto

Evergrande
Altcoin News
Evergrande
Altcoin News

Hong Kong Halts Evergrande Stocks Trading, Here’s How Crypto Market Could React

China’s infamous real estate giant Evergrande’s trouble seems to see no end as earlier today Hong Kong suspended trading of the Evergrande stocks along with several other property developer stocks. Evergrande is currently on a selling spree to avoid defaulting on its debt. The Chinese real-estate giant is now looking to raise $5 billion from

China’s infamous real estate giant Evergrande’s trouble seems to see no end as earlier today Hong Kong suspended trading of the Evergrande stocks along with several other property developer stocks. Evergrande is currently on a selling spree to avoid defaulting on its debt. The Chinese real-estate giant is now looking to raise $5 billion from

News
News

Hong Kong watchdog to expand crypto regulations with ICOs crackdown

The Securities and Futures Commission (SFC) of Hong Kong has announced the launch of its latest initiative against scams and crypto frauds. It is aimed at alerting the public about arrangements that are suspected to be collective investment schemes (CIS), like digital tokens and ICOs. In its public announcement today, SFC clarified that CIS offerings

The Securities and Futures Commission (SFC) of Hong Kong has announced the launch of its latest initiative against scams and crypto frauds. It is aimed at alerting the public about arrangements that are suspected to be collective investment schemes (CIS), like digital tokens and ICOs. In its public announcement today, SFC clarified that CIS offerings

Bitcoin
News
Bitcoin
News

Hong Kong Police Arrests 19 Suspects in $1.4 Million Crypto Scam

Hong Kong police have revealed the arrest of 19 alleged culprits behind the $1.4 Million crypto scam, involving approximately 170 victims globally. The police highlighted that they seized 9 computers, 128 smartphones, cash worth HKD 1.4 million, HKD 50,000 in cryptocurrency, and a sports car in connection to the case. The scam had victimized people

Hong Kong police have revealed the arrest of 19 alleged culprits behind the $1.4 Million crypto scam, involving approximately 170 victims globally. The police highlighted that they seized 9 computers, 128 smartphones, cash worth HKD 1.4 million, HKD 50,000 in cryptocurrency, and a sports car in connection to the case. The scam had victimized people

Binance
Bitcoin News
Binance
Bitcoin News

Breaking: Binance Closes Crypto Derivatives Services in Hong Kong

Binance crypto exchange has announced the closure of its crypto derivative services offering in Hong Kong with immediate effect. The announcement comes just a couple of weeks after the exchange discontinued its derivatives offering across Europe. The slew of announcements comes in the light of growing regulatory scrutiny around the crypto exchange from nearly a

Binance crypto exchange has announced the closure of its crypto derivative services offering in Hong Kong with immediate effect. The announcement comes just a couple of weeks after the exchange discontinued its derivatives offering across Europe. The slew of announcements comes in the light of growing regulatory scrutiny around the crypto exchange from nearly a

Bitcoin
News
Bitcoin
News

Crypto Scam: Hong Kong Authorities Bust HK$1.2 Billion Crypto Laundering, Arrests Four

In a recent bust of a money laundering case involving cryptocurrencies, Hong Kong authorities have arrested four people. Reportedly, the suspects have laundered a massive HK$1.2 billion ($150 million) funneled through bank accounts in Singapore over the last 15 months. Taking note of this, the Hong Kong Customs had launched operation “Coin Breaker” last week

In a recent bust of a money laundering case involving cryptocurrencies, Hong Kong authorities have arrested four people. Reportedly, the suspects have laundered a massive HK$1.2 billion ($150 million) funneled through bank accounts in Singapore over the last 15 months. Taking note of this, the Hong Kong Customs had launched operation “Coin Breaker” last week

Blockchain News
Blockchain News

Breaking: Top Executives of Bithumb Indicted in Hong Kong

The Hong Kong subsidiaries of South Korea’s largest exchange Bithumb are facing a lawsuit for breach of contract and top executives including the owner of the exchange have been indicted for committing fraud. The top executives face criminal charges for fraud worth 100 billion won. The lawsuit will be filed by the exchange’s former Thai

The Hong Kong subsidiaries of South Korea’s largest exchange Bithumb are facing a lawsuit for breach of contract and top executives including the owner of the exchange have been indicted for committing fraud. The top executives face criminal charges for fraud worth 100 billion won. The lawsuit will be filed by the exchange’s former Thai

Hong Kong FSTB
News
Hong Kong FSTB
News

Hong Kong’s FSTB Proposes to Restrict Crypto Trading for Retail Traders

The Financial Service and the Treasury Bureau (FSTB) of Hong Kong today proposed to ban crypto trading services for retail traders and require a crypto license for exchanges to operate in the country. The new proposal would only allow professional traders with a portfolio of HK$8 million ($1.03 million) to avail any crypto trading services.

The Financial Service and the Treasury Bureau (FSTB) of Hong Kong today proposed to ban crypto trading services for retail traders and require a crypto license for exchanges to operate in the country. The new proposal would only allow professional traders with a portfolio of HK$8 million ($1.03 million) to avail any crypto trading services.

CHINA bitcoin
Regulation News
CHINA bitcoin
Regulation News

China and Hong Kong Cracks Down on Crypto as Markets See Red

Regulators in Hong Kong have stated that all crypto trading exchanges and companies need to be regulated regardless of whether they’re selling securities or not. China is also being heavy handed with crypto as its CBDC testing continues.  According to Reuters, the Securities and Futures Commission (SFC) had previously placed an ‘opt in’ regulatory framework

Regulators in Hong Kong have stated that all crypto trading exchanges and companies need to be regulated regardless of whether they’re selling securities or not. China is also being heavy handed with crypto as its CBDC testing continues.  According to Reuters, the Securities and Futures Commission (SFC) had previously placed an ‘opt in’ regulatory framework

Hong Kong Crypto China
News
Hong Kong Crypto China
News

With US Sanctions Likely, A Crypto Settlement Crisis Looms in Hong Kong

The Maintenance of the National Security Law was on June 30, 2020, swiftly passed during the meeting of the 13th NPC Standing Committee effectively “gaging” Hong Kongers. The law comprise three ordinances that make up the city-state’s penal law. The National Security Law Trigger Specifically, the Society’s Ordinance covers elements relating to national security. It

The Maintenance of the National Security Law was on June 30, 2020, swiftly passed during the meeting of the 13th NPC Standing Committee effectively “gaging” Hong Kongers. The law comprise three ordinances that make up the city-state’s penal law. The National Security Law Trigger Specifically, the Society’s Ordinance covers elements relating to national security. It

Regulation News
Regulation News

Leading OTC Desk Applies for Cryptocurrency Exchange License in Hong Kong

Octagon Strategy Limited (“OSL”), a Hong-Kong based digital asset brokerage firm, applies for a digital asset exchange license from the Securities & Futures Commission (SFC). The financial watchdog introduced changes to start issuing trade licenses to crypto exchange platforms. Wayne Trench, CEO of OSL told the media, “We congratulate the SFC on announcing its digital asset

Octagon Strategy Limited (“OSL”), a Hong-Kong based digital asset brokerage firm, applies for a digital asset exchange license from the Securities & Futures Commission (SFC). The financial watchdog introduced changes to start issuing trade licenses to crypto exchange platforms. Wayne Trench, CEO of OSL told the media, “We congratulate the SFC on announcing its digital asset

Hong Kong bitcoin
Regulation News
Hong Kong bitcoin
Regulation News

Hong Kong’s Securities and Futures Commission (SFC) to Set a New Regulatory Framework For Crypto

In late 2018, the Hong Kong Securities and Futures Commission (SFC) introduced licenses to cryptocurrency funds and related investment managers allowing them to sell digital asset products to their customers. One year in since the announcement, a number of fund managers have complained that the authorities are frustrating their efforts to carry out their businesses.

In late 2018, the Hong Kong Securities and Futures Commission (SFC) introduced licenses to cryptocurrency funds and related investment managers allowing them to sell digital asset products to their customers. One year in since the announcement, a number of fund managers have complained that the authorities are frustrating their efforts to carry out their businesses.

Hong Kong bitcoin
Bitcoin News
Hong Kong bitcoin
Bitcoin News

Bitcoin Trading Volume Spikes in Hong Kong, Records New All-Time-High

Tuesday 2nd October 2019, according to stats on localbitcoins, BTC is seen to have recorded a considerably high trading volume. As a matter of fact, today’s figures are the highest recorded in the history of bitcoin trades in Hong Kong. Bitcoin In Heavy Demand This news, having been observed by industry experts have caught the

Tuesday 2nd October 2019, according to stats on localbitcoins, BTC is seen to have recorded a considerably high trading volume. As a matter of fact, today’s figures are the highest recorded in the history of bitcoin trades in Hong Kong. Bitcoin In Heavy Demand This news, having been observed by industry experts have caught the

Bitmex
Blockchain News
Bitmex
Blockchain News

Bitmex restricts service in Seychelles, Hong Kong and Bermuda – Here’s Why!

Popular Seychelles-based crypto derivatives trading platform, BitMEX has announced that it is closing its platform to three jurisdictions. The announcement was made in other to ensure the safety of its customers’ funds as well as the stability of the platform. According to the official announcement, the regions affected by the restriction include Seychelles, Hong Kong,

Popular Seychelles-based crypto derivatives trading platform, BitMEX has announced that it is closing its platform to three jurisdictions. The announcement was made in other to ensure the safety of its customers’ funds as well as the stability of the platform. According to the official announcement, the regions affected by the restriction include Seychelles, Hong Kong,

Hong Kong
Bitcoin
Hong Kong
Bitcoin

People in Hong Kong Not Buying Bitcoin Reveals Head Crypto Trader

While Bitcoin is time and again embroiled amidst controversies and turmoil, here is yet another controversy that has surrounded it. As per a Bloomberg report last week, there was a steep rise in Bitcoin trading in Hong Kong. The reason for the same was reported as the protesting citizens turning to cryptocurrencies. While several reports

While Bitcoin is time and again embroiled amidst controversies and turmoil, here is yet another controversy that has surrounded it. As per a Bloomberg report last week, there was a steep rise in Bitcoin trading in Hong Kong. The reason for the same was reported as the protesting citizens turning to cryptocurrencies. While several reports

Bitcoin
Bitcoin News
Bitcoin
Bitcoin News

Bitcoin Sees Constant Demands In Hong Kong As Protesters Seek Anonymity

The demand for bitcoin in Hong Kong has soared higher and higher by the weeks as protesters seek the anonymity of transactions and privacy from law enforcers in the country. Bitcoin Trades At A Premium On TideBit At the moment, the price of bitcoin on popular Hong Kong crypto exchange, TideBit is about $11,477.34, about

The demand for bitcoin in Hong Kong has soared higher and higher by the weeks as protesters seek the anonymity of transactions and privacy from law enforcers in the country. Bitcoin Trades At A Premium On TideBit At the moment, the price of bitcoin on popular Hong Kong crypto exchange, TideBit is about $11,477.34, about

Securities and Futures Commission
Altcoin News
Securities and Futures Commission
Altcoin News

Hong Kong Securities Regulator (SFC) Question STO Distributor Citing Fresh Warning

In a wake of increasing unregistered issuer and unlicensed distributor of Securities Token Offering (STO), Hong Kong-based Securities and Futures Commission (SFC) warned investors against the risk involved in investing in STO. Moreover, it advised distributors to comply with set rules and procedures before marketing any security token. Just to remind, Initial Coin Offering or

In a wake of increasing unregistered issuer and unlicensed distributor of Securities Token Offering (STO), Hong Kong-based Securities and Futures Commission (SFC) warned investors against the risk involved in investing in STO. Moreover, it advised distributors to comply with set rules and procedures before marketing any security token. Just to remind, Initial Coin Offering or

stablecoin
Stablecoin News
stablecoin
Stablecoin News

Bitspark launches Hong Kong Dollar (HKD) Stablecoin to Challenge XRP’s Dominance in Cross Border Payments

While stablecoins have been effective in providing shelter against volatility for traders, they could possibly be a solution for cross border payments as well. To exploit this use case and challenge XRP dominance in blockchain based cross border payments, Bitspark has launched Sparkdex HKD, the world first stablecoin that is pegged to Hong Kong Dollar

While stablecoins have been effective in providing shelter against volatility for traders, they could possibly be a solution for cross border payments as well. To exploit this use case and challenge XRP dominance in blockchain based cross border payments, Bitspark has launched Sparkdex HKD, the world first stablecoin that is pegged to Hong Kong Dollar

Altcoin News
Altcoin News

Hong Kong – Bitcoin Billionaire Wong Ching-kit Denies Investor’s Claim of Losing HK$3M

‘When they make money, there is no thank you. When they lose money, they call it a scam‘; this was the latest response by the Bitcoin billionaire and a promoter Wong Ching-kit who sells bitcoin mining machines. He was recently arrested by the police following various complaints by the general public and behaving in riotous

‘When they make money, there is no thank you. When they lose money, they call it a scam‘; this was the latest response by the Bitcoin billionaire and a promoter Wong Ching-kit who sells bitcoin mining machines. He was recently arrested by the police following various complaints by the general public and behaving in riotous

Madison wine
Altcoin News
Madison wine
Altcoin News

Hong Kong’s Wine Firm Madison Acquires Stake in BitOcean, Captures Japanese Crypto Market

Despite the severe market, Hongkong stock exchange ‘Madison Holdings Group’, GEM board is all set to acquire 67.2 percent of the stake from BitOcean, a Japanese crypto trading platform. BitOcean will take up the stake of Madison Lab for 1.68 billion yen (US$15.12 million) from Independent third party and the US $15 million in various

Despite the severe market, Hongkong stock exchange ‘Madison Holdings Group’, GEM board is all set to acquire 67.2 percent of the stake from BitOcean, a Japanese crypto trading platform. BitOcean will take up the stake of Madison Lab for 1.68 billion yen (US$15.12 million) from Independent third party and the US $15 million in various