Infini Files Suit After $50M Theft, Issues Blockchain Legal Notice
Infini has taken legal action against a developer and other unknown individuals tied to a $50 million hack. The firm has sent an on-chain legal notice, warning the accused to…
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China AMC Launches ‘First’ Retail Tokenized Fund in APAC
China Asset Management has launched the first retail tokenized fund in the Asia Pacifi (APAC) region. Broadening Investor Base The Hong Kong investment firm China Asset Management recently launched a…
Infini Hacked: $49M in USDC Stolen, Admin Privileges Exploited
Infini, a Hong Kong stablecoin neobank, confirmed a $49 million hack due to exploited administrative privileges, just days after a massive breach at Bybit. Infini: Runway Still Solid The Hong…
Hong Kong-Listed HK Asia Holdings Increases Its Bitcoin Investment to 8.88 BTC
HK Asia Holdings Limited has announced a further investment in bitcoin, purchasing approximately 7.88 BTC for around $761,000 on February 20, 2025. This decision follows a previous investment disclosed on…
Standard Chartered, Animoca, and HKT to Develop HKD-Pegged Stablecoin
Standard Chartered Bank Hong Kong (SCBHK), Animoca Brands, and Hong Kong Telecommunications (HKT) have partnered to establish a joint venture (JV) focused on issuing a Hong Kong dollar-backed stablecoin. The…
Binance Teams up With Hong Kong Law Enforcement to Fight Digital Asset Threats
Binance is strengthening crypto security with Hong Kong police, enhancing collaboration to combat cybercrime and financial threats in the blockchain industry. Binance Strengthens Cybercrime Collaboration With Hong Kong Police Crypto…
Hong Kong Powerhouses Unite: Standard Chartered, Animoca Brands, HKT to Pursue Stablecoin License
Standard Chartered Bank, Animoca Brands, and HKT have formed a joint venture to pursue a stablecoin issuing license from the Hong Kong Monetary Authority. ‘Digital Assets Here to Stay’ Standard…
Hong Kong Accepts Crypto as Proof of Assets for Investment Immigration
Hong Kong has approved cryptocurrency as proof of assets for investor immigration, recognizing bitcoin and ethereum holdings in two cases under its HK$30 million residency requirement. Crypto as Proof of…
Crypto Court Order Goes Digital: Tokenized Notice Shakes up Legal World
A Hong Kong court successfully executed an injunction against two cryptocurrency wallets using tokenized technology. This precedent-setting move involved serving the order, which froze $2.66 million worth of tether stablecoins.…
UTXO Acquires Hong Kong-Listed Company to Lead Strategic Investments in Bitcoin and Web3
UTXO Management’s acquisition of HK Asia Holdings Limited aims to position the company as a force in Hong Kong’s dynamic financial ecosystem. UTXO Management Completes Strategic Expansion Into Hong Kong…