Blockchain/Bitcoin

Hong Kong’s HashKey Group Secures US$360 Million for Blockchain Fund

HashKey Group, a Hong Kong-based digital asset financial services group, announced that its asset management subsidiary has completed an initial closing of its new fund in December 2021 with commitments of US$360 million. The fund seeks to invest in companies

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Babel Finance Raises US$40 Million From Tiger Global Management, Sequoia China

Babel Finance, a Hong Kong-based crypto financial-services startup, has raised US$40 million from a slew of global investors. The investors include Tiger Global Management, Sequoia Capital China, Sequoia-affiliated Dragonfly Capital, Bertelsmann through its Asia-focused investment arm BAI Capital, and Zoo

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Hong Kong Seeks to Regulate Stablecoins by 2024

Though crypto-assets do not pose a risk to financial stability just yet, they very well might in the near future as this new asset class continues to develop at a rapid pace. The fast-growing cryptocurrency ecosystem, the rising prevalence of

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Animoca Brands’ The Sandbox Invests US$50 Million in Metaverse Accelerator

The Sandbox, a decentralised gaming metaverse and a subsidiary of Animoca Brands, has committed US$50 million to global venture accelerator Brinc for The Sandbox Metaverse Accelerator Programme, which will target 100 startups to enhance the open metaverse. With applications now

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Animoca Brands Now Valued at US$5 Billion With US$358.8 Million Fundraise

Animoca Brands, the company driving digital property rights via NFTs and gaming to build the open metaverse, announced that it has raised about US$358.8 million at a pre-money valuation of US$5 billion. The round was led by Liberty City Ventures,

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Metaverse Frenzy Spreads to Asia

The metaverse frenzy is sweeping across Asia, attracting interest from tech giants, electronics manufacturers and investors. At CES 2022, an annual consumer electronics trade show that took place earlier this month, Asian firms ranging from LG and Panasonic to automotive

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FIS: Over One-Third of Hong Kongers Open to Use Digital Currencies in the Next 5 Years

35 percent of Hong Kong citizens said they are open to use cryptocurrencies or central bank digital currencies (CBDCs) as a payment method in the next five years, according to new research from FIS. More than 1,000 Hong Kong consumers

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Hong Kong Insurer OneDegree Offers Digital Assets Protection for HKbitEX

Hong Kong’s multi-line insurer OneDegree announced a partnership with digital asset exchange HKbitEX to offer protection for its sister company ON1ON’s custody platform. The partnership will ensure that US$100 million of digital assets under management will be protected. OneDegree will

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Hex Trust Appoints HKEX’s Former Advisor James Fok to Its Board

Hong Kong-based digital asset custody service provider Hex Trust announced that James Fok has joined its advisory board. James brings with him over 20 years of experience in capital markets and the financial services industry across several key management positions,

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How Will Hong Kong’s Digital Currency E-HKD Work?

The Hong Kong Monetary Authority (HKMA) has released a technical whitepaper on a retail central bank digital currency (CBDC), proposing an architecture that would follow the key principles of safety, efficiency, and openness. The paper, titled e-HKD: A technical perspective,

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