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“# Evergrande crisis: Buy the dip or bail? Pundits weigh in ” As the prospect of Chinese property giant Evergrande defaulting on $305 billion worth of debt looms, pundits are weighing in on how the firm’s bankruptcy could impact the legacy and crypto markets. Speculation as to whether the real estate investment giant will default…
“# Thai SEC issues license to Ethereum-based real estate project ” The Securities Exchange and Commission of Thailand (SEC) has a license to an asset-backed token offering service based on the Ethereum blockchain. Fraction, a wholly-owned subsidiary of the Hong Kong-based fintech firm Fraction Group, has received a license allowing it to list and trade…
“# Hong Kong landlords lease to crypto exchanges following regulatory clarity ” Hongkong Land, a property landlord in Hong Kong, has leased out commercial office space to a local crypto-asset firm named HashKey Group following clarity around cryptocurrency regulations. Neil Anderson, Hongkong Land’s director, believes that the decision to lease commercial property to crypto businesses…
“# New blockchain platform aims to track one third of all shipping containers globally ” Global Shipping Business Network (GSBN) has launched a new blockchain-based platform that could potentially track one-third of shipping containers across the globe. The GSBN was founded in October 2020 by eight global national freight maritime cargo companies to build a…
“# Hong Kong securities official proposes stricter oversight of crypto trading ” A senior executive for Hong Kong’s Securities and Futures Commission, or SFC, believes more needs to be done to tackle cryptocurrency fraud, offering clues about future guidance on digital asset trading in the special administrative region. Deputy chief executive Liang Fengyi said the…
“#Half a trillion dollars erased from China markets in a week” China’s tech stocks slumped to new lows on Friday and Hong Kong’s benchmark index hit an almost 10-month trough, as an unrelenting series of Chinese regulatory crackdowns crushed investors’ confidence. More than $560 billion in market value has been wiped off Hong Kong and…
“#Apple bans political engravings in China, Hong Kong and Taiwan” Apple has banned customers in China, Hong Kong and Taiwan from engraving political phrases on its devices — including references to voting rights, freedom of the press, political dissidents and Chinese history, according to a report from a human rights organization. The California-based tech giant’s…
“#China boosts Olympic gold medal count with Taiwan, Hong Kong” The Olympics may be over, but Chinese state media is still going for the gold. One of the communist country’s official outlets found a way to boost its nation’s second-place medal haul ahead of the leading United States, by including the medals won by Taiwan…
“# Binance to restrict derivatives trading for Hong Kong users ” Stepping up efforts to minimize the inherent risks of trading cryptocurrency, major crypto exchange Binance has announced it would restrict access to derivatives products to Hong Kong users. The official announcement reads: “Users from Hong Kong will have a 90 days’ grace period to close…
“#Hong Kong High Court guilty verdict handed down in national security case” HONG KONG — The first person to be tried under Hong Kong’s sweeping national security law was found guilty of secessionism and terrorism on Tuesday. The Hong Kong High Court handed down the verdict in the case of Tong Ying-kit, age 24. He’s…