Hong Kong

Mining Round-Up: Ebang Files for IPO in HK, Miner Arrested in China

3 weeks ago admin2 Comments Off on Mining Round-Up: Ebang Files for IPO in HK, Miner Arrested in China
Mining In recent mining news, major mining chip manufacturer Ebang Communications has filed for an Initial Public Offering (IPO) in Hong Kong, a Chinese miner has been arrested for allegedly stealing 150,000 kilowatt-hours (kWh) of electricity in roughly one month, and a report has provided unique insight into the state of mining in the Russian Read More

Hong Kong: Central Bank Digital Currency ‘not Clearly Superior to’ Existing Infrastructure

2 months ago admin2 Comments Off on Hong Kong: Central Bank Digital Currency ‘not Clearly Superior to’ Existing Infrastructure
Hong Kong will not currently issue a central bank digital currency (CBDC), citing the existence of already efficient payment infrastructure, according to a government press release published yesterday, May 30. Joseph Chan, the Acting Secretary for Financial Services and the Treasury in the Legislative Council, said in response to questions about both the People’s Bank Read More

BTCC to Launch New Exchange Platform in June

2 months ago admin2 Comments Off on BTCC to Launch New Exchange Platform in June
Exchanges Chinese crypto company BTCC has announced it will launch an upgraded exchange platform next month. Initially, users will be able to trade BCH, BTC, ETH, LTC, and USD, with other currencies to be added later. BTCC returns with enhanced liquidity, faster deposits and withdrawals, and zero trading fees for the first three months. Also Read More

Japanese Crypto Exchange Continues Global Expansion – Now in Five Countries

2 months ago admin2 Comments Off on Japanese Crypto Exchange Continues Global Expansion – Now in Five Countries
Exchanges A Japanese government-approved cryptocurrency exchange has resumed expanding overseas. Already operating in five countries with a plan to launch in more in the near future, the exchange aims to construct a global network of crypto transactions. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Building Global Network Bitpoint Japan was among the first Read More

Philippines Welcomes Crypto Economic Zone

3 months ago admin2 Comments Off on Philippines Welcomes Crypto Economic Zone
News After hemming and hawing in its strange relationship with cryptocurrencies and the businesses they imply, the Philippine government decided to make room for a set aside economic zone. The scheme is offered in hopes of generating more tax income, employment for its people, and perhaps a dedicated crypto university. Also read: Telegram Urges Paper Read More

Many ICOs May Be Frauds, Says Hong Kong Securities Watchdog

3 months ago admin2 Comments Off on Many ICOs May Be Frauds, Says Hong Kong Securities Watchdog
Hong Kong’s securities regulator has taken a skeptical tone on investments related to initial coin offerings (ICOs). In a speech at an investment industry function on Friday, Julia Leung, deputy head of the Hong Kong Securities and Futures Commission (SFC) once more cautioned the public over fundraising activities associated with the technology. “While we acknowledge Read More

Asia’s favorite bean just got served up as scrambled eggs

6 months ago admin2 Comments Off on Asia’s favorite bean just got served up as scrambled eggs
One of Asia’s most familiar food, mung beans, is being reintroduced to the region in a completely reinvented form by a Silicon Valley startup. This week (Jan 22), San Francisco-based Hampton Creek debuted its new plant-derived scrambled “eggs” for the Asian markets in Hong Kong. The product—which the company had been promising since its inception Read More

Despite Warnings China’s Over the Counter Bitcoin Economy Is Booming

7 months ago admin2 Comments Off on Despite Warnings China’s Over the Counter Bitcoin Economy Is Booming
News Bitcoin in China has deep roots as a vast majority of mining takes place in the region, and the country once accounted for the lion’s share of the world’s BTC trade volume. These days, however, renminbi and bitcoin volume coming from mainland exchanges is virtually non-existent, but there’s a whole lot more international and underground Read More

Localbitcoins Markets Set Record Trading Volume

7 months ago admin2 Comments Off on Localbitcoins Markets Set Record Trading Volume
Featured In recent weeks, numerous countries have set record highs for trading volume on Localbitcoins. The spike in volume can be attributed to the surpassing of the significant $10,000 USD milestone – which has likely comprised the catalyst for an influx in new crypto investors, as well as profit taking on the part of many Read More