Hong Kong

The Hong Kong government has prohibited the use of popular apps such as Meta Platforms Inc (NASDAQ:META) owned WhatsApp, and Alphabet Inc.’s (NASDAQ:GOOGL) (NASDAQ:GOOG) Google-owned Drive on civil servants’ work computers. The decision was made due to potential security threats. What...

The first-ever cryptocurrency exchange-traded funds (ETFs) that were introduced in Hong Kong earlier this year have experienced subpar performance and a lack of investor interest, despite the initial excitement surrounding their launch. What Happened: A recent report by Nikkei Asia revealed that...

Trading activities at the Hong Kong Exchanges and Clearing Limited have been disrupted due to the issuance of Typhoon Signal No. 8 on Friday. What Happened: According to HKEX, if Typhoon Signal No. 8 or higher, Black Rainstorm Warning, or any extreme conditions announcement remains in effect at 9:...

Ahead of its anticipated inclusion in the Stock Connect program, Alibaba Group Holding Ltd. (NYSE:BABA) has made a strategic change to its listing status in Hong Kong. What Happened: Alibaba Group announced it will change its listing status in Hong Kong, a strategic move that will enable the...

DeepL, a prominent artificial intelligence translation startup from Germany, introduced traditional Chinese as a new language option. This move aims to enhance its footprint in Asia. What Happened: The Cologne-based company, valued at $2 billion, primarily targets businesses with its...

Hong Kong is set to list the region’s first Bitcoin (CRYPTO: BTC) futures inverse product on Tuesday. What Happened: The CSOP Bitcoin Futures Daily (-1x) Inverse Product (7376.HK) will be traded on the Hong Kong Stock Exchange, marking a new milestone in the evolution of crypto-based...

Hong Kong’s monetary authorities are proposing new regulation for fiat stablecoins. What Happened: After a two-month public consultation that concluded in February 2024, 108 submissions from various market participants and stakeholders delivered input for the Financial Services and the...

The Hong Kong government has announced its intent to regulate ride-hailing services, including Uber Technologies Inc. (NYSE:UBER), casting a shadow of uncertainty over Uber’s operations in the city. What Happened: The Transport and Logistics Bureau of Hong Kong plans to license platforms like...

New research indicates a significant decrease in the selling pressure from Bitcoin (CRYPTO: BTC) miners, suggesting a potential upward trend for the cryptocurrency market in the near future. This shift comes as the market digests the sell-off from miners who have been offloading Bitcoin to cover...

Wang Yang, Vice President of the Hong Kong University of Science and Technology (HKUST), has criticized China’s complete ban on cryptocurrency mining, calling it a missed opportunity. What Happened: Speaking at the Hashkey New Vision 1 event on Wednesday, Wang argued that the ban has...

A Hong Kong court has convicted a man for providing paid investment advice in a Telegram group without proper licensing. What Happened: Mingtung Wong, a licensed representative with the Hong Kong Securities and Futures Commission (SFC), was found guilty of acting beyond his professional...

In a bid to prevent the volatility that followed several deals in 2022, Nasdaq Inc. (NASDAQ:NDAQ) is reportedly increasing its scrutiny of small initial public offerings from China and Hong Kong. What Happened: Nasdaq is putting IPO applicants from China and Hong Kong through a rigorous vetting...

U.S. Bitcoin (CRYPTO: BTC) spot exchange-traded funds (ETFs) experienced a significant shift in sentiment over the past two days, with a total net outflow of $200 million recorded on June 11. What Happened: This marks the second consecutive day of outflows, following a record-breaking 19-day streak...

In a major blow to Worldcoin (CRYPTO: WLD), a Hong Kong regulator asked the cryptocurrency project to shut down all its operations within the region over risks to personal data privacy. What Happened: The Privacy Commissioner for Personal Data (PCPD)—a statutory body tasked with the protection of...

The Hong Kong Securities and Futures Commission (SFC) has issued a warning about a fraudulent cryptocurrency trading platform called "Quantum AI," which utilizes deepfakes of Elon Musk to lure victims. This scam, though not new, underscores the growing use of artificial intelligence (AI) in...