April 16, 2024 By Joe Pan Hong Kong Securities and Futures Commission (SFC) approved the listing of exchange-traded funds tracking either Bitcoin or Ethereum on Monday, April 15. Three leading asset management companies in Hong Kong, Bosera Asset Management, China Asset Management, and Harvest Global Investments, have secured licenses to launch spot exchange-traded funds (ETFs) […]

April 16, 2024 By Sharan Kaur Phillora The crypto world braces for a key moment known as the Bitcoin “halving,” an event scheduled to occur around April 20, which will drastically reduce the daily earnings of Bitcoin miners from 900 to 450 Bitcoins. This adjustment, part of a scheduled software update that occurs every four

April 15, 2024 By Sharan Kaur Phillora In a move to strengthen cybersecurity and fight against cryptocurrency-related crimes, Bitrace has partnered with the Hong Kong Police Force. This initiative aims to enhance the capabilities of the Cypher Security and Technology Crime Bureau (CSTCB) and the Commercial Crime Bureau (CCB). Here’s what we know: Under the guidance

April 15, 2024 By Sharan Kaur Phillora Sinochem Energy Technology Co. Ltd., a branch of the state-owned Sinochem Corp, has successfully exported a shipment of gasoline from Quanzhou City, China, to Singapore, using blockchain technology. This venture represents the first instance where blockchain has been applied across all key players in the commodity trading process,

April 12, 2024 By Anjali Kochhar Wealthy Indians are seizing the opportunity to dive into the Bitcoin frenzy by leveraging their yearly remittance allowances, despite cautionary notes from India’s central bank likening crypto investments to historical financial bubbles. Indians are actively trading in exchange-traded funds (ETFs) launched in January through the Reserve Bank of India’s

April 12, 2024 By Sharan Kaur Phillora China has introduced a pioneering blockchain infrastructure, the “Ultra-Large Scale Blockchain Infrastructure Platform for the Belt and Road Initiative,” managed by the Conflux Network. This platform is set to redefine cross-border cooperation, serving as a core public blockchain for international applications. Here’s what we know: The Conflux Network,

April 11, 2024 By Sharan Kaur Phillora Hong Kong’s ZA Bank is stepping into the future of finance by offering specialized custody accounts for institutions aiming to issue stablecoins. This innovative service is set to roll out upon securing a license from the Hong Kong Monetary Authority (HKMA), which is currently shaping the regulatory landscape

April 11, 2024 By Anjali Kochhar In the shifting world of cryptocurrency markets, the influx of stablecoins is emerging as a key sign of crypto demand, displacing the conventional reliance on Bitcoin exchange-traded funds (ETFs). According to 10x Research, the rapid increase of stablecoin supply highlights a significant change, showing that fiat money is quickly

April 10, 2024 By Anjali Kochhar Brad Garlinghouse, the CEO of Ripple, a blockchain startup, has made a bold prediction about the future of the cryptocurrency market. He believes that by the end of 2024, the combined value of all cryptocurrencies will soar to over $5 trillion, doubling its current size. Garlinghouse’s optimism stems from

April 10, 2024 By Sharan Kaur Phillora In a bold move that could reshape the landscape of cryptocurrency investment, leading Chinese equity funds Harvest Fund and Southern Fund have applied for spot Bitcoin exchange-traded funds (ETFs) through their Hong Kong subsidiaries. This development comes amidst a robust rally in cryptocurrency prices and Hong Kong’s strategic drive to