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RD Technologies, a Hong Kong-based fintech firm specializing in stablecoin infrastructure, has raised $40 million in its series A2 financing ahead of the stablecoin licensing regime set to take effect on Aug. 1 in the region.The company said today in a statement that the latest funding was jointly l…
Hong Kong-based digital asset platform OSL Group said on Friday it had completed $300 million of equity financing, the latest sign of feverish investor interest in cryptocurrencies.The deal, which the company said was the biggest publicly disclosed equity raise in Asia's digital asset space, co…
Today in crypto, from Aug. 1, offering or advertising unlicensed stablecoins to retail investors in Hong Kong could get violators a 50,000 Hong Kong dollar fine and six months in jail, Ether slightly dipped on Wednesday as the network’s staking exit queue hit an 18-month high, and Block, Inc. joined…
Hong Kong's top financial official said the city's upcoming stablecoin regulations and role as an offshore yuan center have given it a strategic advantage as the global race to regulate digital assets intensifies.Paul Chan, Hong Kong's financial secretary, said at a forum on Saturday that Hong Kong'…
Ant Group (688688.SS), an affiliate of China's e-commerce giant Alibaba , plans to apply for a license to issue stablecoins in Hong Kong through its overseas arm Ant International, the subsidiary said in a statement on Thursday.Last month, Hong Kong's legislature passed a stablecoin bill that establ…
Ant International reportedly plans to apply for stablecoin issuer licenses in Singapore and Hong Kong, signaling growing institutional cryptocurrency adoption among fintech firms.Ant International, a Singapore-based unit of the Jack Ma-backed Ant Group, is preparing to submit a license application i…
Hong Kong’s financial markets regulator plans to allow crypto derivatives trading for professional investors, aiming to expand product offerings in the asset class and strengthen the city’s global competitiveness, China Daily reported.Crypto Derivatives in Hong KongThe Securities and Futures Commiss…
Hong Kong’s Legislative Council passed the Stablecoin Bill, paving the way for a regulated framework that could position the region as a global leader in digital assets and Web3 development. In a May 21 post on X, Legislative Council member Johnny Ng Kit-Chong said the bill had passed its third read…
Bitcoin mining firm Bitdeer reported a sharp decline in revenue in the first quarter of this year, but saw a substantial increase in net income mainly due to non-cash gains from derivatives.The Nasdaq-listed mining firm recorded $70.1 million in total revenue in the first quarter of 2025, down 41.3%…
Animoca Brands is looking at trends in real-world tokenized assets, AI projects, and the gaming sector to invest in and develop, according to Omar Elissar, the company's managing director for the Middle East and the head of Global Strategic Partnerships.In an interview with Cointelegraph's Sam Bourg…
SNS and the Mad Lads CN community are inviting attendees of Hong Kong Web3 events to take a break from screens and join a community hike on April 8. Refer to the official tweet by FIDA: We're hiking with the community in Hong Kong & so should you! 🚶It's a great time to get up from the chair & touc…
NEXO will be attending Consensus Hong Kong, scheduled to take place in Hong Kong from February 18 to 20. The event will bring together industry leaders to explore the latest trends and opportunities shaping the evolving cryptocurrency landscape. Refer to the official tweet by NEXO: . is coming to Ho…