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Bitcoin

Singaporean living in Miami among 2 charged in US$230 million bitcoin theft

Malone Lam and Jeandiel Serrano allegedly spent the proceeds on nightclubs, luxury automobiles, watches and jewellery.

20 Sep 2024 - 11:26AM

Hong Kong sees biggest uptick in cryptocurrency activity in East Asia: report

18 Sep 2024 - 8:00AM

Exclusive | Hong Kong weighs new OTC crypto scheme with SFC

12 Sep 2024 - 10:00AM

After ‘phenomenal’ growth, China needs plan to recover illicit digital assets

Growth of virtual currencies such as bitcoin and ether used in crimes has been ‘phenomenal’, law professor says.

4 Sep 2024 - 7:30PM

Signage for Bitcoin cryptocurrency in Hong Kong. Photo: Bloomberg

Crypto exchange HashKey opens two new tokens to retail investors

The cryptocurrencies, among the top 20 but not household names, were chosen because some bigger tokens face legal disputes, CEO Livio Weng says.

29 Aug 2024 - 2:54PM

Landmark ruling highlights need for Hong Kong’s crypto regulatory framework

Hong Kong High Court decision provides clarity and is consistent with the principle that new legal entities in the cryptocurrency field must be open to scrutiny.

27 Aug 2024 - 6:30AM

Thai authorities raid illegal bitcoin mine after power outages

Thai authorities raided an illegal bitcoin mine after residents complained of frequent blackouts in the area for more than a month.

25 Aug 2024 - 4:27PM

Representations of cryptocurrencies including Bitcoin, Dash, Ethereum, Ripple and Litecoin in this illustration. Photo: Reuters

Web3 firm Animoca Brands trading for as little as a quarter of last valuation

Yat Siu, chairman of the blockchain video gaming firm, said secondary market trading does not accurately reflect the value of the Hong Kong-based company.

14 Aug 2024 - 5:53PM

Letters | What a healthy approach to global security involves

Readers discuss why blocs that exclude certain nations are unhealthy for humanity, bitcoin prospects, housing regulation, and the Ukraine war.

8 Aug 2024 - 11:30AM

Hong Kong virtual bank Mox starts bitcoin, ether ETF trading

Mox says it is the first virtual bank to offer spot cryptocurrency ETFs as part of an effort to offer a holistic banking and investing solution to customers.

7 Aug 2024 - 11:00AM

Hong Kong-based virtual bank Mox is expanding with its first crypto-related service offering ETFs. Photo: Handout

Bitcoin slump dents Hong Kong’s efforts to build virtual assets sector

Bitcoin briefly tumbled below US$50,000 on Monday during one of the worst global markets sell-off in years, in a setback to Hong Kong’s efforts to boost its virtual assets sector.

5 Aug 2024 - 11:41PM

A pedestrian walks past a bitcoin display in Hong Kong, February 15, 2022. Photo: Getty Images

Chinese brokerage rewards Hong Kong crypto traders with Nvidia, Alibaba stock

Futu Securities is the largest online brokerage to directly sell crypto to retail investors, and it is rewarding early users with tech stocks or bitcoin.

2 Aug 2024 - 6:06PM

Letters | Hong Kong’s stablecoin regulation is a ripple that could create economic waves

Readers discuss Hong Kong’s proposed regulations for stablecoins, Malaysia’s plan for social media licensing, and the use of AI in K-pop.

1 Aug 2024 - 11:30AM

Trump says US must dominate cryptocurrency sector, cites China competition

The Republican presidential candidate has slammed Democrats’ attempts to regulate the sector.

28 Jul 2024 - 2:17PMvideocam

US Republican presidential candidate former President Donald Trump arrives to speak during a rally in St Cloud, Minnesota on July 27. Photo: Getty Images via AFP

As ether ETFs in US take off, Hong Kong may look to staking

Trading volume of spot ether ETFs has dwarfed that of similar products in Hong Kong, where some crypto investors hope the SFC will approve staking.

25 Jul 2024 - 8:00AM

A physical imitation of an ether cryptocurrency token on January 26, 2020. Photo: AFP

Hong Kong to get first bitcoin inverse investment product, adding to crypto ETFs

The new product from CSOP bets against bitcoin by investing in shorts on the Chicago Mercantile Exchange, with trading in Hong Kong to begin on Tuesday.

22 Jul 2024 - 5:00PM

Hong Kong relaxes some stablecoin rules, launches limited trials

The HKMA announced the first stablecoin issuers to trial e-commerce, trade settlement and tokenised assets, with final rules to be submitted to Legco this year.

18 Jul 2024 - 6:19PM

With US ether ETFs imminent, Hong Kong may attract a different crypto crowd

Hong Kong’s approval of spot ether ETFs in April was seen as a unique but brief advantage for the city, which may now attract investors looking to avoid US taxes.

19 Jul 2024 - 2:25PM

Representations of ether, the native token of the Ethereum blockchain, pictured on November 29, 2021. Photo: Reuters

Hong Kong authorities ‘gaining experience’ in disrupting illicit crypto activities

Post speaks to cryptocurrency experts after kidnapping involving demand for Tether stablecoin in exchange for boy’s return.

14 Jul 2024 - 4:16PM

Hong Kong blockchain gaming firm Animoca sets sights on recovery after listless 2023

Animoca’s ability to weather last year’s storm in its industry has bolstered the company’s confidence in the digital-asset market’s recovery.

11 Jul 2024 - 7:00PMvideocam

Crypto exchange Bybit surges by scooping up former FTX users

‘When FTX collapsed, we saw the opportunity,’ says Ben Zhou, co-founder and CEO of Bybit.

28 Jun 2024 - 10:15AM

Bybit is currently the world’s second-largest crypto exchange by trading volume. Photo: Shutterstock

Hong Kong blockchain gaming firm Animoca weighing 2025-26 IPO, founder says

Animoca Brands co-founder Yat Siu said he hopes an IPO will bring ‘more attention to Web3’ and Asian markets, with a possible Hong Kong listing.

27 Jun 2024 - 6:00PM

Animoca Brands is the biggest Web3 company in Hong Kong, with a portfolio of more than 400 start-ups. Photo: Shutterstock

US regulators said to be approving spot ether ETFs by July 4

Eight asset managers, including BlackRock, VanEck, Franklin Templeton and Grayscale Investments, are seeking to launch the funds.

27 Jun 2024 - 11:35AM

Bitcoin mining rigs pop up in Southeast Asia after China crackdown

Miners lured by competitively priced power and skilled labour set up rigs in parts of Malaysia, Indonesia and Laos.

14 Jun 2024 - 12:40PMvideocam

Binance’s BNB crypto token surges as founder Zhao becomes richest US inmate

Founder Zhao Changpeng is worth an estimated US$38.5 billion after the BNB token reached a market cap of US$109 billion during his first week of in prison.

10 Jun 2024 - 11:36AM

Holders of Binance’s native BNB token get trading-fee discounts on the platform. Photo: Reuters

Bitcoin boom bolsters bets on crypto amid resurgent institutional interest

A surging crypto market is improving the outlook for deal flow, highlighted by recent acquisitions, following the approval of bitcoin and ether ETFs.

9 Jun 2024 - 4:17PMvideocam

Representations of bitcoin pictured in Paris on March 9, 2024. Photo: Reuters

Major crypto exchange Bybit opens up to Chinese users based overseas

The platform now lets Chinese citizens living abroad sign up for an account, even as the mainland imposes a strict ban on crypto trading.

7 Jun 2024 - 6:00PM

‘Sound strategy, poor execution’: several crypto firms stick it out in Hong Kong

Despite recent withdrawals, recently ‘deemed to be licensed’ exchanges spur some optimism about the future of Hong Kong’s virtual asset market.

5 Jun 2024 - 9:30PM

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Bitcoin

Bitcoin, released to the world in 2009 by a person or people called Satoshi Nakamoto, is not backed by a central bank or a government and is seen as an alternative payment system. In February 2013, Bitcoin went into the mainstream as a monetary crisis threatened to bankrupt Cyprus, seen as a safer bet. Early adopters of Bitcoin have been richly rewarded as the price has soared – in one case, a young Norwegian bought a house from an $850,000 windfall on a US$22 investment.

last updated:

9 September, 2024