#HONGKONG News

Singapore Leads Asia in Crypto Licenses

beincrypto.com Singapore is leading the race to become a crypto hub in Southeast Asia. In 2024, the country issued 13 different crypto licenses, more than double the number issued in the…

Report: December 2024 Crypto Roundup

ambcrypto.com Listed below are the key takeaways for the month of December 2024: • all-time high of $106,496 in December 2024 , fueled by institutional inflows totaling $5.5 billion and…

Singapore Issues 13 Crypto Licenses in 2024, Surpassing Hong Kong’s Efforts

coinpedia.org The post Singapore Issues 13 Crypto Licenses in 2024, Surpassing Hong Kong’s Efforts appeared first on Coinpedia Fintech News China’s strict ban on cryptocurrencies has…

Singapore Takes the Lead Over Hong Kong in Asia’s Crypto Hub Race

bitcoinist.com A recent Bloomberg report has revealed that in 2024, Singapore was able to solidify its position as a leading digital asset hub in Asia, surpassing Hong Kong in “regulatory…

Bitcoin Ends Week with $375M Inflows as Multi-Asset Products Face $121M in Losses

cryptopotato.com Last week saw $308 million in inflows into digital asset investment products, although this was overshadowed by a major outflow of $576 million on December 19th. The last…

Bitcoin Dominance Falls, Bessent picked for Treasury, PumpFun streams Criticised

decrypt.co ETH/BTC begins to reverse, BTC dominance falls. Pro-crypto Bessent nominated for Treasury. BTC may reach $180k this cycle: Van Eck. CBOE to launch BTC ETF-linked options in…

ETH hits 5-month High, Hong Kong set to Cut Crypto Taxes, XT Hacked!

decrypt.co ETH hits 5-month high, leads majors higher. ETH beta-coins lead altcoins, led by DeFi & memes. Hong Kong set to announce zero taxes on crypto. Hyperliquid to launch HYPE…

Singapore Issues 13 Crypto Licenses In 2024, Outpacing Hong Kong’s Slow Progress

99bitcoins.com Singapore has granted 13 cryptocurrency licenses to major industry players, including OKX, Upbit, Anchorage, BitGo, and GSR, in the past year. This marked more than double…

Singapore Approved 13 Crypto Licenses This Year, While Hong Kong Lags Behind: Report

cryptonews.com Singapore and Hong Kong have tried to attract crypto businesses this year; however, Singapore has led by approving 13 crypto licenses. According to a Bloomberg report,…

Singapore Surges Ahead in the Crypto Race: Is Hong Kong Falling Behind?

coinpedia.org Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017. Singapore…

IRS Declares Crypto Staking Rewards Taxable Amid Lawsuit

coingape.com The Internal Revenue Service (IRS) has clarified its stance on the taxation of cryptocurrency staking rewards, stating that such rewards are taxable upon receipt. The…

Bullish Fires CoinDesk Editors Amid Independence Controversy Over Justin Sun Article

cryptonews.com Bullish, the parent company of leading cryptocurrency publication CoinDesk, has abruptly dismissed three senior editors, including Editor-in-Chief Kevin Reynolds, amid…

Coinbase’s 5 Predictions for The Crypto Market in 2025

beincrypto.com Coinbase recently released a report outlining its predictions for the cryptocurrency market in 2025. The report focuses on key areas such as stablecoins, tokenization, ETFs,…

Nigeria Arrests 792 in Landmark Crypto-Romance Scam Raid

cryptopotato.com Nigeria’s Economic and Financial Crimes Commission (EFCC) on December 10 arrested 792 people linked to a massive crypto-romance scam operating out of Lagos. The suspects,…

Why Trump Must End Capital Gains Tax On Bitcoin

bitcoinmagazine.com In a world where digital assets are quickly becoming a cornerstone of global finance, the United States stands at a crossroads. The Trump administration has repeatedly…

This Crypto Sector Could Rally by up to 5x in 2025 and Outperform Bitcoin, Ethereum and Solana, Says Analyst

dailyhodl.com Real Vision’s crypto analyst Jamie Coutts is outlining the major trends that the cryptocurrency industry is likely to witness in 2025. Coutts says on the social media…

Coinbase believes tokenization, DeFi will be key themes in 2025 amid pro-crypto policies

cryptoslate.com Coinbase’s latest market outlook for 2025 identifies tokenization, DeFi resurgence, and a shift toward pro-crypto regulation in the US as key trends for the following year.…

Crypto Custody Firm Copper Withdraws UK License Application

cryptonews.com According to Bloomberg, Copper Technologies, a leading cryptocurrency custody provider supported by Barclays investment, has withdrawn its application for a crypto license…

Singapore, Hong Kong Lead the Blockchain Revolution, Not US

beincrypto.com A new report has ranked Singapore as the top country in blockchain and crypto technology. The study evaluated countries using a composite index based on blockchain patents,…

Coinbase Surpasses Nasdaq in Transaction Revenue: Analysts Predict Future Growth”

coinpedia.org The post Coinbase Surpasses Nasdaq in Transaction Revenue: Analysts Predict Future Growth” appeared first on Coinpedia Fintech News In a latest X post, Jamie Coutts, a…

Crypto custody firm Copper withdraws UK registration

coinjournal.net Copper has withdrawn its application to register in the UK. The crypto custody firm first failed to register in 2022 amid changes around crypto asset firms by the UK’s…

Coinbase Revenue Outpaces Nasdaq

decrypt.co Coinbase has now overtaken two of the world's largest securities exchanges in terms of transaction revenue, according to a crypto analyst from the private bank Coutts. The…

The Ambition of MEET48’s AI-UGC Ecosystem: MEET48 Announced to Launch Mars Protocol of Entertainment AI-Agent

cryptopotato.com [PRESS RELEASE – Dubai, UAE, December 20th, 2024] On August 28, 2024, Sixteen members of the MEET48 idol group captivated audiences at WebX 2024 with their singing and…

German regulator orders Worldcoin to enhance privacy measures after biometric data probe

cryptoslate.com The Bavarian State Office for Data Protection Supervision (BayLDA) has ordered Worldcoin to implement stricter privacy measures after concluding its investigation into the…

HAWK memecoin draws lawsuit, but ‘Hawk Tuah’ girl not sued

blockworks.co This is a segment from the Lightspeed newsletter. To read full editions, subscribe. A group of 12 plaintiffs filed a lawsuit against two of the creators of HAWK, a memecoin…

The Month Bitcoin Shattered Records

bitcoinmagazine.com November 2024 will be remembered as one of the most significant months in Bitcoin's history. With its value surging from $67,000 to just shy of $100,000, Bitcoin achieved…

Exploring Kinship in Art: Irving Penn: Kinship at Pace Gallery, Curated by Hank Willis Thomas

nftculture.com Dates: November 15 – December 21, 2024 Location: Pace Gallery, 508 W 25th Street, New York, NY The Pace Gallery in New York City will host Irving Penn: Kinship, a…

Coinbase Dismisses Justin Sun-Linked BiT Global Lawsuit Over wBTC Delisting

cryptonews.com Coinbase, the prominent cryptocurrency exchange, has successfully fended off an attempt by Hong Kong-based BiT Global Digital Limited (BiT) to block the delisting of Wrapped…

Hong Kong Accelerates Crypto Licensing with Approval of 4 New Exchanges

beincrypto.com Hong Kong’s Securities and Futures Commission (SFC) has approved licenses for four new crypto exchanges: HKbitEX, Accumulus, DFX Labs, and EX.IO. These approvals bring the…

Hong Kong Expands Crypto Footprint With Licenses For Four More Exchanges

99bitcoins.com The Hong Kong Securities and Futures Commission (SFC) doubled the number of licensed virtual asset trading platforms (VATPs). In fact, it granted approvals to four new…

Trump-Backed World Liberty Financial Swaps Its cbBTC for WBTC After Sun Joins as Adviser

coindesk.com World Liberty Financial, backed by the family of U.S. President-elect Donald Trump, on Wednesday exchanged about $10 million worth of Coinbase's (COIN) wrapped bitcoin,…

Coinbase Can Delist Wrapped Bitcoin Amid BiT Global Challenge, Judge Rules

decrypt.co A federal judge denied BiT Global’s request for a temporary restraining order Wednesday, finding that the Hong Kong-based firm failed to show an imminent and irreparable…

Tokenized US Treasuries Surpass $3 Billion, Surges 300% YoY

coinpedia.org The post Tokenized US Treasuries Surpass $3 Billion, Surges 300% YoY appeared first on Coinpedia Fintech News According to the analytics platform RWA.xyz, the tokenized US…

Tokenized US Treasuries Hit $3 Billion Milestone

coingape.com Tokenized US Treasuries have broken a major barrier, surpassing $3 billion in total value, said RWA.xyz, one of the leading data and analytics platforms for tokenized…

4 more virtual asset trading platforms licensed in Hong Kong

cointelegraph.com Cryptocurrency traders in Hong Kong now have a choice of seven platforms for buying and selling four cryptocurrencies.

Hong Kong SFC Approves Four New Virtual Asset Providers, Expanding Licensed VATPs

cryptonews.com The Hong Kong Securities and Futures Commission (SFC) has officially approved four new virtual asset trading platform (VATP) providers, significantly expanding the region’s…

Arthur Hayes Says Bitcoin Reserve Is Unlikely; Warns BTC Sell-Off Under Trump

coinpedia.org The post Arthur Hayes Says Bitcoin Reserve Is Unlikely; Warns BTC Sell-Off Under Trump appeared first on Coinpedia Fintech News Arthur Hayes, the former CEO of BitMEX, has…

Hong Kong Issues License to Four New Exchanges Amid Crypto Hub Push

thecryptobasic.com The Hong Kong securities regulatory body issues official licenses to four new crypto exchanges, giving them the nod to legally operate in the region. In an updated list…

Hong Kong approves 4 new crypto trading platform licenses in regulatory push

cryptoslate.com Hong Kong’s Securities and Futures Commission (SFC) has issued licenses to four virtual asset trading platforms (VATPs), marking another step in its fast-tracked regulatory…

Morocco’s New Crypto Framework Promises Regulation And Innovation

99bitcoins.com Morocco is poised to adopt a comprehensive legal framework for regulating crypto-assets. According to Morocco World News report, Abdellatif Jouahri, the Governor of Bank…

WBTC Episode 'Reopened Old Wounds' of Centralized Failures: Bitcoin Builders Association

coindesk.com Earlier this year, some users of wrapped bitcoin wBTC were dismayed to find its issuer BitGo was sharing custody of their bitcoin (BTC) with BiT Global, a Hong Kong-based…

What comes next for Sam Altman’s eyeball-scanning Worldcoin following a stormy year

dlnews.com This year packed quite a wallop for Worldcoin. There were regulatory clampdowns, investigations, and even brawls at its eyeball-scanning stations. And yet Sam Altman’s…

US Likely Won't Purchase Bitcoin, But Arthur Hayes Isn't Worried

decrypt.co Entrepreneur and former BitMEX CEO Arthur Hayes fears Bitcoin will suffer a "vicious sell-off" around the time Donald Trump takes office. In a characteristically lengthy…

Ohio becomes latest state to propose Bitcoin treasury to protect funds from US dollar devaluation

cryptoslate.com Ohio lawmaker Derek Merrin introduced a groundbreaking bill to establish a Strategic Bitcoin Reserve within the state treasury, according to a Dec. 17 statement. The…

German banking giant develops Ethereum L2 using ZKsync

cryptobriefing.com German’s largest bank Deutsche Bank is developing an Ethereum layer 2 network using ZKsync technology to enhance transaction efficiency and meet regulatory standards in…

SFC Approves Four VATPs and Outlines Licensing Conditions After Inspections

financemagnates.com The Securities and Futures Commission (SFC) has granted licences to four virtual asset trading platforms (VATPs) under its expedited licensing process. This follows the…

10 weeks in a row

ambcrypto.com Crypto investment products saw $3.2 billion in inflows last week, pushing total assets to $44.5 billion • Bitcoin led with $2 billion in inflows – Ethereum maintained…

Dtravel Gains Strategic Support from Modular Capital and EV3 to Scale Decentralized Vacation Rentals

cryptopotato.com [PRESS RELEASE – Hong Kong, China, December 16th, 2024] Dtravel, a decentralized platform leveraging blockchain technology to transform vacation rentals, has announced…

THIS nation-state beats United States, UAE to top global crypto adoption charts!

ambcrypto.com None Singapore ranked first in the global crypto adoption report by Henley Global • None Over 40% of Singaporean investors own crypto and expect mainstream adoption…

China May Be On the Verge of Ending Its Bitcoin Ban

bitcoinmagazine.com Look, I think it's only a matter of time before China pulls a complete 180 on its Bitcoin ban. Yes, they outlawed trading and mining back in 2021, but honestly, a lot has…

South Korean crisis flips ‘kimchi premium’ as Bitcoin and XRP fall sharply in Seoul

dlnews.com Most cryptocurrencies dropped sharply in value on South Korean exchanges Tuesday after President Yoon Suk Yeol declared martial law amid a political crisis in the Asian…

Hong Kong Accelerates Crypto Regulation With Mandatory Reporting Framework By 2026

99bitcoins.com The Hong Kong government has committed to implementing a mandatory crypto asset reporting framework by 2026. On 13 December 2024, Hong Kong authorities made this…

Nigeria Arrests Nearly 800 Linked to Massive Crypto Romance Scam Group

decrypt.co The Nigerian Economic and Financial Crimes Commission has arrested nearly 800 people nationwide in connection to crypto romance scams, the agency said. EFCC Executive…

Hong Kong’s path to crypto-friendly leadership expands with tax framework adoption

cryptoslate.com The Hong Kong government has reaffirmed its intention to adopt a global crypto tax reporting framework by 2028, according to a recent statement. This decision followed…

Hong Kong Pledges Crypto Asset Reporting Framework by 2026 to Combat Tax Evasion

cryptonews.com Hong Kong has announced its commitment to implementing the Crypto-Asset Reporting Framework (CARF), an initiative to enhance international tax transparency and combat…

Crypto Thefts Soar; Secure Digital Assets With Best Wallet

bitcoinist.com Two people from Arizona were robbed of a total of $300,000 in cryptocurrency by a man posing as a fake Uber driver. The Scottsdale Police Department identified the victim as…

Singapore Dominates Crypto Tech Rankings, Outshines US: ApeX Study

cryptonews.com ApeX Protocol, a decentralized exchange (DEX) for derivatives trading, released a study evaluating countries through three core metrics. The factors include blockchain…

Upbit’s MOCA Listing Sparks 7,500% Trading Volume Explosion

cryptopotato.com Prominent exchange listings often ignite massive price surges for lesser-known tokens, especially during a bull market. South Korean crypto exchange giant Upbit’s…