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Hong Kong Exposes Crypto Firms Misrepresenting as Licensed Banks

Hong Kong Exposes Crypto Firms Misrepresenting as Licensed BanksThe Hong Kong Monetary Authority (HKMA) has issued a warning about the misuse of the term “bank” by overseas crypto firms operating in Hong Kong, cautioning the public to verify the legitimacy of such claims. The HKMA observed that two crypto firms, which are not licensed banks in Hong Kong, misrepresented themselves — one by […]

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Wave of All-Time Highs Causes Trading Volume of Hong Kong Spot Bitcoin ETFs to Skyrocket

Wave of All-Time Highs Causes Trading Volume of Hong Kong Spot Bitcoin ETFs to SkyrocketAs bitcoin prices continue to reach new highs, the prices of related spot exchange-traded funds (ETFs) have surged significantly. According to the Hong Kong Stock Exchange, the three spot Bitcoin ETFs listed in Hong Kong recorded a trading volume of over HK$120 million last week, marking a remarkable increase of more than 55% compared to […]

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

3 Central Banks Forge New Path in Cross-Border Digital Asset Innovation

3 Central Banks Forge New Path in Cross-Border Digital Asset InnovationNew partnerships between central banks target digital currency integration to streamline tokenized cross-border transactions and modernize the global financial infrastructure. Cross-Border Finance Revolution: Three Nations Pioneer Digital Asset Integration The Hong Kong Monetary Authority (HKMA) unveiled two significant partnerships this week to promote cross-border tokenization with the Bank of Thailand (BOT) and Brazil’s Banco Central […]

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

Stablecoin Giant Circle Exploring Customer Loyalty Solutions With Hong Kong Telecom Firm

Stablecoin Giant Circle Exploring Customer Loyalty Solutions With Hong Kong Telecom Firm

Circle is entering an agreement with a Hong Kong telecommunications firm with the aim of building blockchain-based solutions for the Asia-based company. The USDC stablecoin issuer says it is signing a memorandum of understanding with the technology, media and telecommunications firm HKT to “explore a potential collaboration in developing blockchain-based customer loyalty solutions for merchants […]

The post Stablecoin Giant Circle Exploring Customer Loyalty Solutions With Hong Kong Telecom Firm appeared first on The Daily Hodl.

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

Hong Kong Unveils Regulation Roadmap, Hints at New Cryptocurrency Incentives

Hong Kong Unveils Regulation Roadmap, Hints at New Cryptocurrency IncentivesThe government of Hong Kong is on the verge of completing stablecoin regulations to become a more friendly hub for cryptocurrency investments. In addition, authorities stated that they have been considering extending crypto tax cuts to more investors. Hong Kong to Finalize Stablecoin Regulation, Talks New Tax Breaks for Cryptocurrency Investors Hong Kong is poised […]

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

Hong Kong Stock Exchange To Launch Virtual Asset Index for Bitcoin and Ethereum Pricing in Asian Timezone: Report

Hong Kong Stock Exchange To Launch Virtual Asset Index for Bitcoin and Ethereum Pricing in Asian Timezone: Report

The largest stock exchange in Hong Kong has announced that it will launch a new crypto index to meet the increasing demand for digital assets. In a new announcement, Hong Kong Exchanges and Clearing Limited (HKEX) says it will launch its own “Virtual Asset Index Series” on November 15. The index will aim to provide […]

The post Hong Kong Stock Exchange To Launch Virtual Asset Index for Bitcoin and Ethereum Pricing in Asian Timezone: Report appeared first on The Daily Hodl.

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

Man Vanishes With Woman’s Crypto, Prompting Police Investigation in Hong Kong

Man Vanishes With Woman’s Crypto, Prompting Police Investigation in Hong KongA Hong Kong woman lost $12K in a crypto exchange scam after waiting hours for a promised cash handoff that never arrived. Hong Kong Woman Scammed in Crypto Exchange Scheme Hong Kong authorities are investigating a cryptocurrency scam reported by a woman at an exchange shop in Mong Kok on Saturday, where she claimed to […]

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

Indo-Pacific Nations Outpacing the US in Crypto Regulation, SEC Commissioner Says

Indo-Pacific Nations Outpacing the US in Crypto Regulation, SEC Commissioner SaysA U.S. Securities and Exchange Commission (SEC) commissioner has urged the U.S. to adopt a more proactive approach to crypto regulation, pointing to the leadership of Indo-Pacific nations like Japan, Singapore, and Hong Kong. He emphasized that these countries have crafted clear frameworks that foster innovation while protecting investors, in contrast to the U.S., where […]

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

Hong Kong’s Fraud Empire Collapses: How Triads, AI, and Fake Love Fuel Massive Crypto Heist

Hong Kong’s Fraud Empire Collapses: How Triads, AI, and Fake Love Fuel Massive Crypto HeistHong Kong police have dismantled a notorious fraud syndicate responsible for defrauding victims of HK$360 million using romance scams tied to fake cryptocurrency platforms. Arresting 27 individuals, some linked to triads, they revealed the sophisticated use of deepfake technology and digital media expertise to deceive victims across Asia. Massive Fraud Syndicate Busted: Deepfake Romance Scams, […]

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

Crypto Biz: Tether’s 10 years with meteoric growth, ties to US, European hurdles

Tether has achieved its first 10 years with a considerable jump in its user base, a closer relationship with US authorities and fresh regulatory challenges in Europe. 

Tether marked its first 10 years amid a considerable expansion in its user base. According to the stablecoin issuer, it had 350 million users on Oct. 7, an increase of 148% from its 141 million users in 2022. 

Tether’s USDT (USDT) rapid growth over the past two years can be partially attributed to a tighter regulatory landscape in the United States, which has put pressure on domestic crypto companies since the FTX debacle in November 2022. 

Increased scrutiny by regulators, combined with the 2023 banking crisis that led to the temporary depegging of its primary competitor, USD Coin (USDC), drove many users to move their assets away from US-based platforms amid concerns over regulatory risks and the stability of the financial system. Even though market conditions have evolved since then, Tether has successfully retained a significant portion of these users. 

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MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin