Tag Archives: Hong Kong

Bitcoin Bomb Threats Strike Hong Kong After Debacle In U.S., Canada

Over the past 72 hours, bomb threats attempting to extort Bitcoin (BTC) from business owners and governmental agencies have taken the world by storm, affecting thousands across Canada, the U.S., and New Zealand. Although the threats have begun to recede from the limelight in the western world, the issue may only be getting started across the Pacific Ocean… Read More »

Chinese Crypto Investor to Develop Stablecoin Within Hong Kong-Based Blockchain Fund

China’s Bitcoin “tycoon” Li Xiaolai will develop a stablecoin within Hong Kong-based blockchain fund Grandshores Technology

Chinese Crypto Billionaire to Help Lead Hong-Kong-Listed Blockchain Firm

Veteran Chinese crypto investor Li Xiaolai has joined a blockchain firm listed on the Hong Kong Stock Exchange as an executive director and co-CEO, effective Dec. 3. The company, Blockchain firm Grandshores Technology Group, announced Monday that Li will now oversee various blockchain-related projects including the creation of a fiat currency-linked stablecoin, work on trusted execution environment (TEE) applications and… Read More »

German Private Equity Fund Targets Bitcoin Mining аs Clients Demand ‘Regulated Product’

German alternative investment fund manager Xolaris Service KVAG has launched a private equity fund dedicated to Bitcoin mining, the company confirmed in a press release Nov. 29. Xolaris, which has undertaken various expansion measures including the opening of a Hong Kong office in July, says client demand to access the sector continues despite the downturn in Bitcoin (BTC)… Read More »

Cryptocurrency Custodian Invault Launches Its Services in Hongkong

Security and transparency are at the core in crypto space. Since Hong Kong strictly warn crypto firms to protect their virtual asset, profitable opportunities for custodian firms are likely coming up. InVault, a crypto startup based in Shanghai is launching its crypto custodian services in Hong Kong. The initiative is more likely to get benefited from the SFC’s… Read More »

Hong Kong Regulation Set to Benefit Custody Company InVault

Cryptocurrency custody services company InVault, from Shanghai, has launched in Hong Kong just in time to take advantage of the special administrative region’s new rules for cryptocurrency exchanges and asset managers.  At the start of Nov 2018, Hong Kong’s Securities and Futures Commission (SFC) issued guidance on the regulatory standards expected of cryptocurrency exchanges, platform operators, and fund… Read More »

Report: Application for Chinese Crypto Miner Canaan’s $400 Mln IPO Lapses

Cryptocurrency mining equipment producer Canaan’s Initial Public Offering (IPO) application has lapsed, Reuters reported Nov. 15. The offering was set to take place on the Hong Kong Stock Exchange (HKEX). Founded in 2013 in China, Canaan manufactures application-specific integrated circuits (ASICs) for digital currency mining. Canaan is the world’s second largest cryptocurrency hardware maker, collecting a revenue of… Read More »

Hong Kong Exchange KuCoin Nets $20 Million Investment From Major VC Firms

Hong Kong-based international cryptocurrency exchange KuCoin has closed a Series A funding round worth $20 million, the company confirmed Nov. 14. Led by IDG Capital, Matrix Partners and Neo Global Capital, the funds will go towards the release of KuCoin’s 2.0 platform, expansion into new markets, research and more. “We will continue to spare no effort in exploring… Read More »

$30M Shanghai-Based Cryptocurrency Trading Fund to Launch in Early 2019

Shanghai-based digital asset management company is reportedly set to launch a new cryptocurrency trading fund in partnership with an unnamed licensed asset manager in Hong Kong. Cryptocurrency Trading Fund: Arbitrage Strategy Point95 Global – a digital asset management firm based in Shanghai, is reportedly planning to set up a new cryptocurrency trading fund in partnership with an unnamed… Read More »

New Chinese Blockchain Alliance Plans Development of Four Finance-Oriented Platforms

The “Guangdong, Hong Kong and Macao Dawan District Blockchain Alliance” has been established to promote synergy and innovation and jointly promote the development of the blockchain technology, China News, the official state-run press agency, reported Nov. 9. The newly established alliance — initiated by the Guangzhou City Blockchain Industry Association, the Hong Kong Blockchain Industry Association, and the… Read More »