Crypto market shakes as Bitcoin dips below $61K
Bitcoin, the reigning monarch of the cryptocurrency world, continued its rollercoaster journey, plunging to $60,000 on Monday. The digital asset was last seen down over [more…]
Category: Hong Kong
China’s food delivery giant, Meituan, overcomes economic challenges with record-breaking Q1 growth
Amid a volatile economic landscape, Meituan has emerged as a beacon of resilience and growth. The on-demand services titan reported a stunning 25% year-on-year surge [more…]
Hong Kong’s SFC grants temporary approval to 11 crypto exchanges
Hong Kong’s financial watchdog, the Securities and Futures Commission (SFC), has thrown a lifeline to 11 cryptocurrency exchanges, giving them the green light to keep [more…]
Hong Kong market falters as investor confidence wavers
In a turbulent session on Thursday, Hong Kong stocks couldn’t escape the regional equities sell-off, echoing the woes from rising US Treasury yields and persistent [more…]
Hong Kong breaks ground with cryptocurrency ETF approval, Asian investors eyeing market entry
Hong Kong is stepping into the spotlight with its upcoming exchange-traded funds (ETFs) that will invest directly in cryptocurrencies like bitcoin and ether. While industry [more…]
HKVAEX crypto exchange shuts down in Hong Kong after license bid withdrawal
In a surprising turn of events, HKVAEX, the cryptocurrency exchange affiliated with Binance, has announced its closure in Hong Kong, just three months after initiating [more…]
Hong Kong explores future of money with central bank digital currency
In a bid to revolutionize the way people use money, the Hong Kong Monetary Authority (HKMA) has launched the second phase of a pilot programme [more…]
Bitcoin and Ether soar in February surge, setting stage for halving-driven rally
Cryptocurrency prices surged on Thursday as bitcoin and ether headed for a successful month, reflecting renewed investor interest and market optimism. According to Coin Metrics, [more…]
CLP Holdings reports strong profit growth in 2023, falls short of market expectations
CLP Holdings, the leading power utility in Hong Kong with significant operations in Australia and India, announced a remarkable sevenfold increase in profits for 2023. [more…]
Bitcoin market cap surpasses $1 trillion as price hit $51,000 mark
On Wednesday, the total value of all bitcoins in circulation exceeded $1 trillion for the first time since late 2021. This milestone was accompanied by [more…]