Hong Kong Stock Exchange CEO Scoffs at Crypto Giant Bitmain’s IPO Attempt

Cryptocurrency mining giant Bitmain has been unsuccessful, so far, in gaining approval to be a publicly listed firm in Hong Kong | Source: Shutterstock Talking at the World Economic Forum in Davos on Wednesday, the chief executive of the Hong Kong Exchanges and Clearing (HKEX), Charles Li Xiaojia, talked about how important it is for …

Investors Demand Refund from Hong Kong Millionaire over Crypto Mining Scam

Four Hong Kong investors have come out to demand refunds of the capital given to Wong Ching-kit, a businessman who sells Bitcoin mining equipment, after claiming that the 24-year-old crypto promoter scammed them. According to a report on the South China Morning Post (SCMP), the affected investors have suffered losses around HK$20,000 (roughly $25,000) to …

Crypto Exchange BitMEX Rents World’s Most Expensive Offices in Hong Kong

Bitcoin may not be reaching for the ‘moon’ [yet] but BitMEX is reportedly going after something else whose price has been skyrocketing – offices in Hong Kong. According to the Hong Kong Economic Times, leveraged bitcoin trading firm BitMEX has just taken occupancy of the most expensive offices in the world. Per the business publication, …

Hong Kong Trade Finance Will Fight Fraud With a Blockchain-Based Platform

The Hong Kong Monetary Authority (HKMA) has partnered with Chinese Ping An to release a blockchain-based trade finance platform. The joint effort is expected to speed-up the process and prevent fraud. CCN first reported the Hong Kong’s de facto central bank’s initiative back on March 30. At the time, the bank unveiled a proof-of-concept (PoC) …

CEO Resigns from Crypto Exchange OKEx Amid Trading Boom

Join our community of 10 000 traders on Hacked.com for just $39 per month. The chief executive of one the world’s largest cryptocurrency exchanges has called it quits. Chris Lee, the head of OKEx, has resigned from the Hong Kong-based exchange just as it was executing major international expansion plans and was on track to …

Binance Receives Formal Warning from Japan, Plans to Move HQ to Malta

Join our community of 10 000 traders on Hacked.com for just $39 per month. Cryptocurrency exchange Binance has received a formal warning from Japan’s Financial Services Agency (FSA) for operating in the country without registering with the regulatory agency as a cryptocurrency trading platform. In a letter dated March 23 and addressed to Binance CEO …