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hong kong

Facebook’s Libra Concept Will Impact Cross-Border Payments: Ex-PBoC Chief

A former governor of the People’s Bank of China (PBoC) has indicated that Beijing may delegate the issuance of digital currency to commercial entities, the Hong Kong-based South China Morning Post newspaper reported on July 11. Zhou Xiaochuan, who stood down as head of the central bank in 2018 after 15 years, revealed the country may adopt a new approach for …

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Bitcoin Trades for a Premium in Hong Kong During Protests

<header class=”article__header”> </header> <strong>Right now, thousands of citizens from Hong Kong are protesting certain leaders and opposing a proposed extradition law. Alongside the protests, the country’s political issues are reportedly pushing wealthy Hong Kong residents to move their capital offshore. Since last week, the price of bitcoin core (<a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BTC” target=”_blank” rel=”noopener noreferrer”>BTC</a>) has …

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Kenetic Co-Founder: Bitcoin to Trade at $30,000 by Late 2019, Regardless of Bitcoin ETF

The co-founder at Hong Kong-based blockchain investment firm Kenetic has predicted that bitcoin (BTC) will rally as high as $30,000 by the end of 2019. Kenetic Capital’s Jehan Chu provided his stance on major issues around bitcoin in an interview with “Bloomberg Markets: Asia” published on May 28. According to Chu, bitcoin will continue its …

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Tesla rolls out Model S and X battery software update after Hong Kong fire

Sponsored Links Tesla Tesla has responded to reports about a Model S bursting in flames in Hong Kong by rolling out a software update to beef up its vehicles’ battery life and safety. The incident happened three weeks after a video of a parked Model S exploding in Shanghai made its way around Chinese social …

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Apple recalls older three-prong AC power adapters

SOPA Images via Getty Images Apple is recalling a batch of three-prong AC wall plug adapters. The company is aware of six incidents worldwide in which the adapters broke, creating a risk of electrical shock. As a precaution, Apple is allowing customers to exchange the potentially faulty plugs for a new version. It’s not clear, …

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Samsung has postponed Galaxy Fold launch events in China

Engadget The $2,000 Galaxy Fold is already off to a bumpy start no thanks to some broken review units (ours is fine, by the way), and though the April 26th launch in the US remains unaffected, folks on the other side of the world aren’t as lucky. Over the weekend, Samsung announced that it has …

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Bitmain Investors Could File a Class Action Lawsuit Against Company, Says Critic

A critic of cryptocurrency mining giant Bitmain, BTCKING555,  said that a group investors are preparing a class action lawsuit against the company in a tweet on March 26. BTCKING555 said in the post that a number of Bitmain’s investors are going to file a class action lawsuit against the company in Hong Kong, seeking to …

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Bitmain Says Now-Lapsed IPO Made Firm More Transparent, Reveals Appointment of New CEO

Chinese crypto mining titan Bitmain’s filing to list an initial public offering (IPO) on the Hong Kong Stock Exchange (HKEx) has officially expired, according to an updated list of now-lapsed applications on the HKEx website on March 26. In a blog post published the same day, the company acknowledged that its IPO application was now …

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Bitmain IPO Filing Set to Imminently Expire in Absence of HKEx Committee Hearing

Chinese crypto mining giant Bitmain’s filing to list its initial public offering (IPO) on the Hong Kong Stock Exchange (HKEx) will seemingly reach the end of its six-month expiration window today, as a crypto community member has noted in a tweet posted on March 25. As the South China Morning Post has previously outlined, HKEx …

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Previously Hacked Gatecoin Exchange Receives Liquidation Order Following Banking Problems

Gatecoin, a crypto exchange that was hacked in May 2016, has announced on March 13 that it has received a winding up (compulsory liquidation) order from an unspecified court. The company wrote that Gatecoin will have to cease operation with immediate effect, noting that the exchange will assist in the liquidation process in order to …

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