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Ethereum Metalpha

Metalpha Deposits Ethereum To Binance Amid ETH Price Recovery Signals

The crypto sector during pivotal market situations sees increased whale activity. Whale movements when significant often influence cryptocurrency prices. Relatedly, in the last few hours, Hong Kong Asset management firm, Metalpha garnered market attention with significant Ethereum movements. Notably, LookOnchain reported that Metalpha moved 10,000 Ethereum tokens worth $23.45 million

September 10, 2024 2 mins read
HashKey Expands Retail Trading with New AVAX and LINK Pairs

HashKey Expands Retail Trading with New AVAX and LINK Pairs

HashKey, a licensed cryptocurrency exchange in Hong Kong, has announced the expansion of its asset offerings for retail investors. The exchange received approval to list Avalanche (AVAX) and Chainlink (LINK), allowing retail trading of these tokens in both Hong Kong dollars and US dollars. Previously, Hong Kong regulations only permitted

August 28, 2024 2 mins read
HKVAX Secures License to Serve Retail Crypto Traders in Hong Kong

Hong Kong SFC Tightens Grip on Crypto Licensing Standards

Hong Kong’s Securities and Futures Commission (SFC) has identified various shortcomings among crypto firms seeking full licenses. These findings emerged as the SFC intensified its scrutiny of virtual asset trading platforms under its new regulatory framework, which came into effect in 2024. The SFC recently revealed that some crypto entities

August 26, 2024 2 mins read
Hong Kong Legislator Advocates for DAO Rules and Bitcoin in Financial Reserves

Hong Kong Lawmaker Pushes DAO Rules Amid MANTRA Case

Hong Kong lawmaker Johnny Ng Kit-chong has proposed creating a legal framework to regulate decentralized autonomous organizations (DAOs) to bolster Hong Kong’s stability in the Web3 investment landscape. Ng believes that such regulation would attract significant overseas talent and capital, reinforcing the city’s position as a global leader in digital

August 20, 2024 2 mins read
Sinohope to Gain Control Over BitTrade Via Strategic Acquisition

Sinohope to Gain Control Over BitTrade Via Strategic Acquisition

Sinohope, a Hong Kong-listed cryptocurrency firm previously Known as Huobi Technology, has announced its intention to acquire Avenir Asset Holding for $30.46 million. The deal was confirmed through an official statement on the Hong Kong Stock Exchange (HKEX). This acquisition marks a significant expansion for Sinohope in the cryptocurrency space.

August 19, 2024 1 min read
Hong Kong Bitcoin ETF

Hong Kong Hits New Milestone with Bitcoin Inverse ETF Launch

Chinese capital Hong Kong announced the launch of a new ETF product on Monday. After its recent launch of spot Bitcoin and Ethereum ETFs, Hong Kong recently announced the launch of an inverse Bitcoin ETF. The capital, in the past few months, has been focusing on developing its cryptocurrency sector

July 22, 2024 2 mins read
HKX Withdraws Licensing Application in Hong Kong, Announces Closure

HKX Withdraws Licensing Application in Hong Kong, Announces Closure

The number of crypto exchanges that have withdrawn their licensing applications from the Hong Kong Securities and Futures Commission (SFC) is increasing, and HKX is the latest addition to that list. Existing customers were advised to withdraw their crypto assets by the HKX management team on July 18, who announced

July 22, 2024 2 mins read
Hong Kong Seeks Feedback on Web3 and Virtual Assets to Shape Legislation

Hong Kong Seeks Feedback on Web3 and Virtual Assets to Shape Legislation

The future of Web3 and the growth of the virtual assets sector is being discussed thematically, and members of the Hong Kong Legislative Council, such as Johnny NG Kit-Chong, are currently seeking industry views in order to make legislative suggestions. The Legislative Council has reportedly formed a subcommittee. This is

June 23, 2024 2 mins read
Hong Kong Licensing System

Hong Kong to Introduce Licensing System for Crypto-Fiat Exchanges

Hong Kong has drawn market attention in the past few months with its progress toward digital asset adoption. Currently, the impending agenda in the nation is the introduction of a licensing system for crypto-fiat exchanges. The CFO of OSL Group, a leading crypto exchange in the Chinese capital, discussed the

June 19, 2024 2 mins read
HKX Withdraws Licensing Application in Hong Kong, Announces Closure

Strict Crypto Exchange Licensing in Hong Kong Raises Investor Concerns

A lawmaker from Hong Kong has voiced his displeasure with the “excessively stringent” licensing requirements for cryptocurrency exchanges, claiming that these regulations have discouraged prominent international exchanges from setting up offices in Hong Kong and have lowered investor confidence. In an opinion post published on Saturday in the Hong Kong

June 3, 2024 2 mins read
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