Dec 13 2024
Crypto.com, a leading Singaporean digital asset trading platform, has announced a partnership with Deutsche Bank. Deutsche Bank is a German-based multinational investment bank and financial services company. Crypto.com’s corporate banking services will be available for the exchange in Singapore, Australia, and Hong Kong for starters. The crypto company and banking entity intends to expand the …
Mar 05 2024
Harvest Fund Management’s Hong Kong branch is the latest entity to apply for a spot Bitcoin exchange-traded fund (ETF) with local regulators. This move aligns with Hong Kong’s preparations for its first wave of spot crypto ETFs. According to the Tencent , Harvest aims to launch the city‘s first spot Bitcoin ETF after the Lunar New …
Feb 02 2024
Meitu, the pioneering Hong Kong-listed company known for its ventures into cryptocurrencies, has recently announced a strategic shift away from digital assets. The company, which made headlines in 2021 for investing around $100 million in cryptocurrencies, revealed that its growth is now driven primarily by its artificial intelligence (AI) business. The decision is rooted in …
Oct 03 2023
Eastern Asia ranks as the fifth most active crypto market, contributing 8.8% of global digital asset activity between July 2022 and June 2023. Its decline over the last few years has been notable – largely propelled by the big blow to the Chinese trading activity and mining sector. The growing prominence of Hong Kong as …
Oct 03 2023
Crypto-related exploits stood at a whopping $329.8 million in September. Exit scams were recorded to be around $1.9 million, while flash loans accounted for almost $0.4 million. CertiK attributed the largest portion of this month’s losses to the September 23rd attack on the Mixin Network, a Hong Kong-based decentralized cross-chain transfer protocol. This breach in …
Sep 27 2023
Most of the seized counterfeit products, related to 258 brands, originated outside of Europe, specifically China, Hong Kong, Turkey, and Vietnam. Europol stated that the majority of the counterfeit items were sports and luxury goods, which criminals often advertised on social media networks. The operation, dubbed Fake Star and coordinated by Europol, was conducted between …
Mar 23 2023
The bank’s sale to USB comes shortly after it reported its largest annual loss since the 2008 financial crisis. Its Hong Kong-based arm, Credit Suisse Securities, invests in listed Chinese entities, some of which are state-owned. Data from the Hong Kong Stock Exchange reveals the bank’s investments in sanctioned entities and companies connected to sanctioned …
Mar 14 2023
CoinEx, a Hong Kong-based crypto exchange, was found to be selling cryptocurrencies that U.S. regulators had previously identified as securities and/or commodities. The cryptocurrencies by name are LUNA, AMP, LBC, and RLY, which the AG’s office was able to purchase using a New York-based IP – a state in which CoinEx is not a licensed …