Gatecoin Closes Its Gates As The Exchange Is Ordered To Liquidate Assets

A hack and three frozen bank accounts wasn’t enough to make Gatecoin let it go, but it could only handle so much bad luck. Hong Kong-based cryptocurrency exchange Gatecoin has published a statement on its website informing users that the exchange has received a winding up order from an unnamed court, meaning it has been…

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Mobile Trading Partners Completes Rebranding to MTP

Mobile Trading Partners LLP, a designer and developer of mobile apps, web widgets, charting and sales tools for the foreign exchange (forex) industry, announced today that it has completed its rebranding and will now be known as MTP. As MTP, the company will be making its first appearance at the iFXExpo Asia in Hong Kong…

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InVault Launches Cryptocurrency Custody Platform in Hong Kong

InVault recently launched its cryptocurrency custody platform in Hong Kong. The Shanghai-based startup company says it is the first to offer custodial services for digital assets in Hong Kong following newly enacted laws by local financial regulators. First Cryptocurrency Custodian in Hong Kong According to the South China Morning Post (SCMP), InVault recently obtained a…

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Hong Kong Regulation Set to Benefit Custody Company InVault

Cryptocurrency custody services company InVault, from Shanghai, has launched in Hong Kong just in time to take advantage of the special administrative region’s new rules for cryptocurrency exchanges and asset managers.  At the start of Nov 2018, Hong Kong’s Securities and Futures Commission (SFC) issued guidance on the regulatory standards expected of cryptocurrency exchanges, platform…

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HSBC, BNP Paribas, StanChart, Others Launch Hong Kong Blockchain Trade Finance Platform

A new blockchain trade finance platform developed by a dozen banks, among them HSBC, BNP Paribas, and Standard Chartered, launched this week in Hong Kong, Reuters reported Oct. 31. The platform, dubbed eTrade Connect, aims to improve efficiency in the financing of international trade by reducing the time needed to approve trade loan applications from…

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Hong Kong Issues New Rules to Regulate Cryptocurrency Funds and Exchanges

Hong Kong’s securities regulator issued a statement setting out guidelines for funds dealing with cryptocurrency Thursday, Nov. 1, saying it could move to formally regulate exchanges. In what it called “guidance on regulatory standards,” the autonomous Chinese territory’s Securities and Futures Commission (SFC) set in motion a series of steps that chief Ashley Alder hinted…

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Mobile SMS Bitcoin Cash Wallet Cointext Expands to Asia

Hong Kong is the first country in Asia to officially be connected by Cointext, a service which enables anyone to send money to mobile phone numbers or Bitcoin Cash addresses without Internet, apps, or accounts. In addition to residents of the Chinese autonomous territory, Israelis and Palestinians also now have access to the service. Also…

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Crypto Startup To Issue Crypto Visa Debit Cards

Crypto.com says it wants to disrupt the credit industry and help stop predatory lending. Hong Kong-based crypto startup Crypto.com plans to issue 100,000 cryptocurrency debit cards over the next two months, according to a September 5 article in the South China Morning Post. Though hardly new in the US and elsewhere, the debit cards would…

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Leaked Bitmain Pre-IPO Document Show Holes in Business Plan

A leaked Bitmain pre-IPO report has revealed that not all is sunshine and roses at the world’s biggest Bitcoin mining company. What is Bitmain? Bitmain is a Hong Kong-based company that designs, constructs and sells cryptocurrency mining devices. It also owns and operates mining farms, and owns and mining pools. Currently privately-owned, it is expected…

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Crypto Exchange Huobi Seeks to Acquire Public Firm in $77 Million Deal

Cryptocurrency exchange Huobi is quietly seeking to become the largest shareholder of a firm that is publicly listed in Hong Kong – a move that, if completed, could open the door for Huobi to go public via a reverse takeover. According to shareholding disclosures filed by the firm, Pantronics Holdings, on Aug. 21 to the Hong…

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Israeli Fintech Innovator The Floor Gets $5m Investment from China

One of the hottest companies located in the building of the Tel Aviv Stock Exchange (TASE), The Floor, has announced that it has secured a new investment round. The firm is getting $5 million from Hong Kong-based Fosun. The strategic investment is aimed at promoting the platform in Asia and opening the doors for the…

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The Daily: Crypto Vault in Hong Kong, ‘Herd of Institutional Investors’ in Crypto

A Hong Kong-based investment firm is planning to launch a new crypto-custody service to address the growing interest from institutional clients, and we’ve covered the story in today’s Bitcoin in Brief. Also in The Daily, billionaire Mike Novogratz expects an influx of institutional investors into the crypto space; a new survey claims 30 percent of…

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The Daily: Report Sees UK as Crypto Leader, Jersey Adopts ICO Rules

The United Kingdom has what it takes to become a true leader in the crypto space, according to a new report covered in today’s Bitcoin in Brief. Also in The Daily, the British Crown dependency of Jersey has adopted new requirements for ICO projects to better protect participating investors, Malta now has a two-way bitcoin…

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Binance Hack, Canadian Cannabis, & IRS Tracks Fraudsters – Bitcoin & Cryptocurrency News

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Russian Firm Offers Smartphone Producer Xiaomi to Tokenize its Forthcoming IPO

Blackmoon, a company based in Moscow, Russia, has offered the world’s fourth-largest smartphone producer Xiaomi to tokenize its initial public offering (IPO), news outlet South China Morning Post reported July 2. Blackmoon, which is a blockchain fintech company that establishes and runs tokenized funds, has reportedly offered Xiaomi to sell digitized tokens for its stock…

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Blockchain Remittance Service Launched By Alibaba Payment Affiliate

Chinese online payment services provider Ant Financial has launched a blockchain money remittance service. Ant Financial is an affiliate company of Chinese Internet giant Alibaba. It operates Alipay, the world’s largest mobile and online payments platform, as well as Yu’e Bao, a money-market fund. Alipay claims it operates with more than 65 financial institutions, including…

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Bobby Lee, ‘BTC Maximalist’: Bitcoin’s Value Is in the Eye of the Beholder

This interview has been edited and condensed. Recently at BlockShow Europe 2018, Cointelegraph got the chance to speak to Bobby Lee — co-founder of Chinese crypto exchange BTCC and a board member at the Bitcoin Foundation —  about what he’s been up to in the crypto space since BTCC shut down last fall. Molly Jane:…

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Saxo Bank Adds Chinese A-Shares to its Trading Platform

Saxo Bank announced this Tuesday that it is adding China A-Shares to its service offering. The Danish broker is providing access to the shares to all of its clients except those based in the UK and Japan, who will be allowed to trade in the shares in the near future. A-Shares are shares, denominated in…

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Hong Kong: Central Bank Digital Currency ‘not Clearly Superior to’ Existing Infrastructure

Hong Kong will not currently issue a central bank digital currency (CBDC), citing the existence of already efficient payment infrastructure, according to a government press release published yesterday, May 30. Joseph Chan, the Acting Secretary for Financial Services and the Treasury in the Legislative Council, said in response to questions about both the People’s Bank…

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Hong Kong Treasury Rejects Notion of a Central Bank Digital Currency

The Hong Kong Treasury decided against the notion of creating a central bank digital currency (CBDC) yesterday, but said that they will monitor the situation. Hong Kong is ‘Already Efficient’ Acting Secretary for Financial Services and the Treasury, Mr Joseph Chan, said, in a press release, that Hong Kong does not need a CBDC at…

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