Hong Kong
Hong Kong-Listed BC Group Receives $70M in New Funding
Funding will go towards IT and non IT-related expenses, including staff costs, marketing expenses and expansion into other markets.
Hong Kong Eyes CBDC; Aussie Millennials Favor Crypto vs. Real Estate
The Hong Kong Monetary Authority to launch a study into digital currency feasibility. Survey finds Australian millennials favor investing in crypto over real estate and holding bank accounts. UNICEF Innovation Fund picks seven blockchain startups for funding.
Hong Kong Monetary Authority to Study a Retail CBDC
Hong Kong's central bank is aiming to "future-proof" the financial center for the growth of CBDCs as part of its "Fintech 2025" strategy.
Hong Kong’s Bitcoin Meetup Ahead of Bitcoin 2021; Banksy Work Offered for Crypto
Hong Kong holds a Bitcoin gathering ahead of Bitcoin Conference 2021 in Miami. State-backed Copyright Society of China launches new blockchain service. Auction house accepts ETH and BTC for physical Banksy art piece. We’ll have more on that story and other news shaping the cryptocurrency and blockchain world in this episode of The Daily Forkast, June 4.
Crypto Market Rebound; Sotheby’s Next NFT Auction Targets Millennial Spenders
The total global cryptocurrency market cap bounces back and is flirting around $1.8 trillion. Experts tell Forkast.News that bitcoin is acting as a “safe haven” for the market, and ether’s long-term potential may be more attractive for some.
Hong Kong Government Proposal on Licensing Crypto Firms Ends Consultation Period
The government plans to introduce licensing for virtual asset service providers.
Huobi Asset Management Raises $50M for Crypto 'Tracker' Funds
The four funds will buy bitcoin, ether and equity in crypto or mining firms.
Binance's Tesla Stock Token May Have Raised Regulatory Red Flags: Report
Binance may need a license to market security tokens to the Hong Kong public.
Asian DeFi Picks Up Steam; Hong Kong Scammers Use Crypto as Bait
The DeFi wave continues to rise in Asia: XRP dives deeper into DeFi with Wanchain integration while a top bank in Thailand ventures into the nascent ecosystem and more cases of online fraud are found in Hong Kong. The suspects are believed to have used false promises of crypto investments to lure their victims.
Chinese Web Firm Meitu Buys $10M More in Bitcoin
The publicly traded app developer has now spent $100 million on bitcoin and ether.
