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Decentralized • November 14-16, 2018

After the huge success of Decentralized 2017, the University of Nicosia is proud to announce that Decentralized 2018 will take…

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Tag: Hong Kong

Bitfinex Updates Fiat Withdrawal Fee Structure, $30,000 Fee to Withdraw $1 Million

Category: Bitcoin, Blockchain, Exchange, Finance, News, Platform, Tech

Bitfinex Updates Fiat Withdrawal Fee Structure, $30,000 Fee to Withdraw $1 Million

Hong Kong-based cryptocurrency exchange platform Bitfinex announced its updated fee structure for high frequency/size fiat withdrawals, through a blog post published November 11, 2018. Notably, regular withdrawals are unaffected by this change. A Step Backward? One of the characteristics that make cryptocurrencies tower over the conventional medium of exchanges is their low cost of transaction compared to payment services like…

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Hong Kong Exchanges and Clearing Adopts Blockchain Technology

Category: Adoption, Blockchain, Business, Finance, News

Hong Kong Exchanges and Clearing Adopts Blockchain Technology

Hong Kong Exchanges and Clearing (HKEX), China’s publicly-traded holding company that claims to be one of the most extensive market operations in the world, is developing a distributed ledger technology (DLT) powered platform aimed at helping international investors trade mainland Chinese shares via the Hong Kong Stock Connect platform, reported Channel NewsAsia on October 30, 2018. HKEX Joins the Blockchain…

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Promotion company “KINGS ASIA” Being Incorporated in Hong Kong

Category: Press Releases

Promotion company “KINGS ASIA” Being Incorporated in Hong Kong

“KING” is scheduled to be listed on Exchange in mid-October.  KINGS GROUP, which engages in the development of resorts and exclusive membership sales in Asia region, has set up a new entity in Hong Kong to help promote “KINGS.” The announcement was made at the privately held event in Beijing in relation to the October listing of “KING” token on…

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Hong Kong: Cryptocurrency Startups Splurge on Rent to Attract top Talent

Category: Bitcoin, Business, Exchange, Finance, News, Platform

Hong Kong: Cryptocurrency Startups Splurge on Rent to Attract top Talent

Despite the bearish cryptocurrency market, cryptocurrency exchanges and investment funds are proliferating and keen to attract talent by renting out the priciest top-tier office buildings in Hong Kong. According to a South China Morning Post report published on September 28, 2018, these offices in Hong Kong’s Central District are even more expensive than offices on Beijing’s Finance Street or London’s…

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The Journey of Brendan Blumer: From Magic Swords to EOS Founder

Category: Altcoins, Blockchain, Finance, News

The Journey of Brendan Blumer: From Magic Swords to EOS Founder

As a co-founder of the world’s largest initial coin offering (ICO), Brendan Blumer is a familiar name in the global blockchain and crypto community. The fact that his barely two-year-old startup Block.one has so far managed to raise approximately $4 billion in an ICO is in itself a testimony to his business acumen and a deep understanding of the true…

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Hong-Kong Based Blockchain Firm Set to Raise $12.7 Million to Finance Yen-backed Stablecoin

Category: Altcoins, Blockchain, Business, Finance, News, Regulation

Hong-Kong Based Blockchain Firm Set to Raise $12.7 Million to Finance Yen-backed Stablecoin

Grandshores Technology Group, a Hong-Kong based real estate firm turned blockchain investor, is set to raise HKD 100 million ($12.7 million) to finance a Japanese Yen backed cryptocurrency project The South China Morning Post reported on September 18, 2018. From Real Estate to Blockchain Investment Formerly known as SHIS Ltd., Grandshores Technology entered into the blockchain foray as a result…

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Blockchain Incubator SmartUp Receives Funding from D Capital and Soul Capital

Category: Blockchain, Development, Investment, News, Tech

Blockchain Incubator SmartUp Receives Funding from D Capital and Soul Capital

SmartUp, a Hong Kong-based blockchain incubation platform announced on September 13, 2018, that they received an undisclosed sum from D Capital and Soul Capital. The additional funding will help SmartUp build a global blockchain incubating ecosystem to aid blockchain-related startups with support, financing, consulting, and lead investing. Investment from Institutional Investors in APAC Will Help SmartUp Expand According to e27,…

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Asia’s First Cryptocurrency Visa Debit Card Set to Launch in Singapore

Category: Adoption, Altcoins, Bitcoin, Business, Finance, Investment, News

Asia’s First Cryptocurrency Visa Debit Card Set to Launch in Singapore

Hong Kong-based blockchain start-up named Crypto.com is set to launch Asia’s first cryptocurrency enabled Visa debit card. Per a report on South China Morning Post on September 5, 2018, the firm’s partner bank has plans to issue 100,000 cards globally over the next two months, starting with Singapore. The debit card will be linked to fiat and crypto wallets supporting…

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Chinese Bitcoin Mining Rig Makers Set to Make Billions with IPO Plans

Category: Altcoins, Bitcoin, Business, Finance, Investment, News

Chinese Bitcoin Mining Rig Makers Set to Make Billions with IPO Plans

The big three in the world of bitcoin mining equipment manufacturers are all planning to list in Hong Kong and raise billions of dollars in the process. An August 27, 2018, Reuters report examined how Bitmain, Canaan Creative, and Ebang are going about their billion dollar IPO plans. At a time when other participants in the space are reporting low…

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Beijing-Based Bitmain Loses Its Edge, While BitMEX Rents out the World’s Most Expensive Office

Category: Altcoins, Bitcoin, Business, Mining, News

Beijing-Based Bitmain Loses Its Edge, While BitMEX Rents out the World’s Most Expensive Office

Bitmain, China’s cryptocurrency mining manufacturing giant will be facing fierce competition from makers of rival cryptocurrency mining equipment. While the company eyes a landmark initial public offering (IPO), Bitmain may be in trouble as the demand for cryptocurrency mining falls and new competitors emerge in the market. Although the cryptocurrency mining industry faces difficult times ahead, BitMEX is, however, performing…

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