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” Hong Kong’s Securities and Futures Commission warn of nonfungible token risks “ On Monday, Hong Kong’s Securities and Futures Commission (SFC) released a statement warning investors about the risks of nonfungible tokens, or NFTs, which have soared in popularity in recent years. The regulatory body wrote: “As with other virtual assets, NFTs are exposed…
“On Tiananmen Square anniversary, China holds record number of Hong Kong political prisoners” Hong Kong’s Victoria Park will be eerily silent June 4, the 33rd anniversary of Tiananmen Square. In 2019, and every year between it and 1989, thousands gathered there to commemorate the martyrs of the massacre. But in just three years, the government…
” Nifty News: Prada launches new fashion NFT, P2E games witness growth in India “ Following its initial foray into the nonfungible token (NFT) space with the Adidas for Prada re-source project in partnership with digital artist Zach Lieberman and SuperRare, iconic fashion brand Prada has now announced its first independent NFT collection accompanying the…
“Rumors of Jack Ma’s ‘arrest’ cost Alibaba $26 billion” Alibaba co-founder Jack Ma’s rumored arrest — which later turned out to be false — sent shares of the company falling by as much as 10% within minutes on Tuesday morning and cost the firm $26 billion in value. The billionaire Ma has scarcely been seen…
” Hong Kong watchdog warns stablecoins could undermine HKD in CBDC paper “ The Hong Kong Monetary Authority (HKMA) has warned that stablecoins could undermine the Hong Kong dollar in a just released discussion paper about its retail central bank digital currency, e-HKD. The HKMA today issued a discussion paper, outlining the policy and design…
” HSBC debuts metaverse investment fund in Asia: Report “ Global banking giant HSBC Holdings has rolled out its metaverse investment product for wealthy clients in Singapore and Hong Kong, according to multiple media reports. Called the Metaverse Discretionary Strategy portfolio, the new product is managed by HSBC’s asset management arm, HSBC Asset Management. The…
” New crypto owners nearly doubled in 3 key regions in 2021: Report “ The number of cryptocurrency owners has massively increased last year, with nearly half of all owners worldwide buying crypto for the first time in 2021, according to a new report. Gemini, a cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has…
” Huobi Tech to launch crypto tracking ETF in Hong Kong for retail traders “ Huobi Tech, a public listed fund manager in Hong Kong, plans to launch a cryptocurrency tracking exchange-traded fund (ETF) for retail investors. The Hong Kong Stock Exchange-listed company has reportedly submitted a proposal to the Securities and Futures Commission (SFC)…
“# Cyber vigilante hunts down DeFi scammers running away with $25M rug pull ” In the world of digital finance, where the weapon of choice for a heist is a computer rather than a semi-automatic firearm, tracking down scams and frauds from across the world becomes a near-impossible feat for centralized police forces. However, in…
“# Hong Kong begins discussions to introduce stablecoin regulatory framework ” Hong Kong’s central banking institution, the Hong Kong Monetary Authority (HKMA), released a questionnaire to gauge public opinion on regulations for crypto-assets and stablecoins. The state-backed regulator intends to establish a regulatory framework by 2023-24. HKMA’s “Discussion Paper on Crypto-assets and Stablecoins” highlights the…