hong kong

Hong Kong’s Grace Period for Crypto Exchanges Ending — Trading Platforms Must Obtain License by June 1

May 30, 2024 Bitcoin.com

Bitcoin

The Hong Kong Securities and Futures Commission (SFC) has issued a reminder that crypto trading platforms must obtain a license to operate in Hong Kong before the grace period ends on June 1. The regulator warned that operating without a license is a criminal offense and will enforce compliance. Investors are advised to only trade […]

Matrixport Report Suggests Bitcoin May Enter a Consolidation Phase

Worldcoin faces bans worldwide amid increasing privacy fears

May 27, 2024 Coin Telegraph

Coin Telegraph

Regulators across the world are banning Worldcoin, which collects biometric data for a small payment of its native cryptocurrency.

The increasing adoption of Worldcoin, an AI-centric identification project with its own cryptocurrency, is alarming privacy advocates and regulators.

According to the project, over 5 million people have already lined up to stare into a silver sphere the size of a bowling ball and scan their irises.

In addition to receiving online ID verification, users are rewarded 25 WLD, worth about $115.

Matrixport Report Suggests Bitcoin May Enter a Consolidation Phase

Crypto Exchange Giant OKX To Pull Trading Services From Hong Kong at the End of the Month

May 25, 2024 The Daily Hodl

crypto

The crypto exchange giant OKX will shutter its digital asset trading services in Hong Kong at the end of the month. OKX says it decided to pull its application for a virtual asset trading platform license in Hong Kong “after careful consideration of the business development prospects.” The exchange will stop providing trading services on […]

The post Crypto Exchange Giant OKX To Pull Trading Services From Hong Kong at the End of the Month appeared first on The Daily Hodl.

Matrixport Report Suggests Bitcoin May Enter a Consolidation Phase

Okx Ceases Crypto Trading Services in Hong Kong — Users Advised to Withdraw Assets

May 25, 2024 Bitcoin.com

Bitcoin

Cryptocurrency exchange Okx has decided to withdraw its virtual asset service provider (VASP) license application in Hong Kong. As a result, Okx will stop offering centralized virtual asset trading services to Hong Kong residents by May 31, 2024. The exchange stressed that customer funds remain secure, and withdrawal services will continue unaffected. Okx’s web3 (self-hosted […]

Matrixport Report Suggests Bitcoin May Enter a Consolidation Phase

Crypto Exchange Gate.HK Ceases Operations — Urges Users to Withdraw Assets

May 24, 2024 Bitcoin.com

amlo

Gate.HK, the Hong Kong arm of cryptocurrency exchange Gate.io, is undergoing a significant platform overhaul to enhance security and compliance, withdrawing its applications for licensing under Hong Kong’s Securities and Futures Ordinance (SFO) and the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO). Effective immediately, new user registrations and asset deposits are suspended. All tokens will […]

Matrixport Report Suggests Bitcoin May Enter a Consolidation Phase

US Spot Bitcoin ETFs Maintain Momentum With Sixth Day of Positive Gains

May 21, 2024 Bitcoin.com

Ark Invest

According to the latest data, U.S. spot bitcoin exchange-traded funds (ETFs) have experienced positive inflows for six consecutive days. Over this period, the spot bitcoin ETFs attracted a total of $1.186 billion. Ark Invest’s ARKB Tops Inflows as U.S. Bitcoin ETFs Gain $237 Million Spot bitcoin ETFs in the U.S. continued their streak of positive […]

Matrixport Report Suggests Bitcoin May Enter a Consolidation Phase

Hong Kong Police Arrest Three in ‘Hell Money’ Cryptocurrency Scam

May 21, 2024 Bitcoin.com

Bitcoin

Hong Kong police have arrested three men at a currency exchange shop in Tsim Sha Tsui, a major tourist area, for allegedly presenting “hell money” to a customer, leading the customer to transfer approximately HK$1 million ($128,206) worth of cryptocurrency in exchange for cash. The suspects, aged between 31 and 34, were detained on suspicion […]

Matrixport Report Suggests Bitcoin May Enter a Consolidation Phase

Lackluster Performance for Hong Kong Bitcoin ETFs Since Launch

May 17, 2024 Bitcoin.com

Bitcoin

Since the Hong Kong spot bitcoin exchange-traded funds (ETFs) began trading, their performance has been underwhelming, with three ETFs accumulating around $228 million in net assets. Inconsistent Inflows and Outflows Mark Hong Kong Bitcoin ETFs’ First Weeks On Thursday, the spot bitcoin ETFs in Hong Kong experienced net negative outflows of approximately 104.79 BTC, valued […]

Matrixport Report Suggests Bitcoin May Enter a Consolidation Phase

China Expands Digital Yuan Pilot: Hong Kong Residents Can Now Set up E-CNY Wallets Locally

May 17, 2024 Bitcoin.com

bitcoin.com

The Hong Kong Monetary Authority (HKMA) and the People’s Bank of China (PBOC) have advanced the digital yuan (e-CNY) pilot for payments, aiming to increase e-CNY wallet usage in Hong Kong. Residents can now set up and top up wallets via the Faster Payment System (FPS), marking the first global linkage of a faster payment […]

Matrixport Report Suggests Bitcoin May Enter a Consolidation Phase

Hong Kong Bitcoin, Ether ETFs wipe 2 weeks of inflow in a single day

May 14, 2024 Coin Telegraph

Bitcoin

Net outflows for Hong Kong’s crypto ETFs reached a record $39 million on Monday with bleeding felt across all six funds.

Hong Kong’s Bitcoin (BTC) and Ether (ETH) exchange-traded funds (ETFs) posted the largest-ever net outflow on Monday, May 13 — wiping all gains they’ve made since launching under two weeks ago.

Bosera, ChinaAMC and Harvest Global’s spot Bitcoin ETF funds posted net outflows of $32.7 million, with ChinaAMC’s Bitcoin fund coming in as the biggest loser on the day with $15.5 million in outflows, according to Farside Investors data.

Meanwhile, spot Ether ETFs from the same issuers saw total joint net outflows of $6.6 million. Harvest Global and ChinaAMC tied for most outflows with $3 million each.

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