Chinese law enforcement has disrupted a covert banking network that leveraged cryptocurrencies to execute unauthorized foreign exchange transactions totaling around 2.14 billion yuan ($295.8 million). This illicit operation mainly converted the Chinese yuan into the South Korean won, evading the established legal frameworks for currency exchange. Uncovering The Shadow Crypto Banking Network In Jilin province, […]
Harvest Global Investments, a Chinese fund house and one of the issuers of Hong Kong’s first spot Bitcoin and Ethereum exchange-traded funds (ETFs), has confirmed plans to potentially open these funds to mainland Chinese investors through the Hong Kong Stock Connect. This development could vastly expand the investor base and significantly impact the cryptocurrency market […]
Hong Kong is poised to become a leader with its new spot Bitcoin and Ether Exchange Traded Funds (ETFs), but how can they fare up against their US peers which have drawn more than $28 billion in the first three months? Bloomberg ETF analyst Eric Balchunas has updated his projections, now estimating these ETFs could […]
Hong Kong is on the cusp of approving its first spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) with potential final approvals as early as Monday, according to Bloomberg, citing two people familiar with the matter. This move positions Hong Kong as a pivotal player in the Asian cryptocurrency market and underscores its ambition […]
Cryptocurrency investors in China have defied government restrictions to emerge as the fourth-largest earners globally in 2023, according to a report by blockchain research firm Chainalysis. Despite the government’s stringent stance on cryptocurrency-related activities, Chinese investors managed to accumulate an impressive $1.15 billion in gains, contributing to a total global crypto earnings of nearly $38 […]
Blockchain technology emerged in the spotlight at the “Two Sessions” event, a prominent annual gathering of China’s political and industry leaders in Beijing. At this event, National People’s Congress (NPC) member Dong Jin proposed expediting this technology’s development nationwide. Blockchain’s Role In China’s Digital Ambition The call to action emphasizes enhancing China’s blockchain infrastructure to […]
In 2021, the COVID-19 pandemic pushed the world government to inject liquidity, positively impacting Bitcoin and legacy markets. Today, the financial world might be on the cusp of experiencing a similar capital injection, potentially setting the stage for a crypto bull run. China’s Play Could Benefit Bitcoin And Crypto Prices According to a report from […]
Approximately asset management companies are preparing to launch spot Bitcoin and crypto Exchange-Traded Funds (ETFs) in Hong Kong. This information was revealed by Livio Weng, the Chief Operating Officer (COO) of HashKey Group, in an exclusive interview with Chinese local media outlet Caixin. Spot Bitcoin And Crypto ETFs Set To Launch In Hong Kong Weng […]