Earlier today, Hong Kong chief executive John Lee’s account was hacked to promote a fake cryptocurrency. Scammers promoted a fake cryptocurrency called “National Hong Kong Coin” impersonating John Lee. The government clarified that there is no such coin and traders must be aware of this scam. In the Asian morning
After a brief silence, the Asian crypto markets have once again sprung up into action. The Hong Kong ConsenSys 2025 is off to a great start as per reports. Meanwhile, the Bitcoin Tech Carnival drew much attention with intriguing updates about the web3 sector. The overall crypto market, on the
Institutional adoption has become the hot topic in today’s crypto market. Just months after Microsoft rejected Saylor’s Bitcoin Strategic Reserve pitch, Google is giving it a green light. The Bitcoin Tech Carnival, which took place on February 18, saw such insightful panel discussions. Speaking of which, the Hong Kong ConsenSys
Shares of HK Asia Holdings Limited surged nearly 93% on Feb. 17 after the firm disclosed its purchase of one Bitcoin for $96,150 on Feb. 13. The Hong Kong-based investment firm used internal resources to finance the purchase, calling it a symbolic but strategic step toward digital asset integration. Despite
Invest Hong Kong has approved its first investment immigration application using Ethereum (ETH) as proof of assets, valued at HKD 30 million. Confirmed reports from Hong Kong-based Certified Public Accountant Clement Siu reveal this groundbreaking development. This decision, following Hong Kong’s approval of Spot Bitcoin and Ethereum ETF on April 15th,
While several countries are imposing heavy taxes on cryptocurrency gains, Hong Kong is easing the burden. Hong Kong plans to propose a tax exemption on cryptocurrency gains for institutional investors. According to a 20-page proposal seen by the Financial Times, the exemptions would extend beyond crypto to include a variety
ZA Bank, Hong Kong’s largest digital bank, has become the first bank in Asia to offer direct Bitcoin (BTC) and Ethereum (ETH) trading services through its platform. The service has been officially launched on November 25, 2024. This facilitates users to trade the two major cryptocurrencies using Hong Kong dollars
Web3 space is an ever-evolving landscape with new initiatives surfacing every other day. Recently, Vitalik Buterin has been discussing the Ethereum ecosystem’s advancements and upcoming upgrades. Meanwhile, the cryptocurrency realm has also shown bullish signs in the past day. In Hong Kong, the nation’s first digital bank ZA Bank has
Circle, the issuer of the stablecoin USDC, has officially signed a Memorandum of Understanding (MOU) with Hong Kong Telecom (HKT) to explore a blockchain-based customer loyalty solution customized for merchants in Hong Kong. This partnership focuses on leveraging Web3 technology to create dynamic engagement experiences between consumers and merchants. According
The Securities and Futures Commission (SFC) of the Special Administrative Region has granted licenses to three cryptocurrency exchanges, among them is the Hong Kong Virtual Asset Exchange (HKVAX), allowing it to service retail consumers. It joins two other Hong Kong exchanges that have recently received full authorization. The HKVAX website
