The low artificial intelligence (AI) literacy and slow adoption of new technology in Hong Kong’s tourism industry may be holding the city back from realising its full potential as a world-class destination, according to an expert panel at the Redefining Hong Kong conference on culture, sports and tourism, recently hosted by the Post. In 2024,…
Yunfeng Financial Group, backed by Alibaba Group Holding founder Jack Ma, said it was investing in the cryptocurrency ether as part of its reserve assets, as the company expands into Web3 amid Hong Kong’s digital asset initiative. To date, Hong Kong-listed Yunfeng has invested US$44 million to acquire 10,000 ether for its “strategic reserve”, according…
By Ateev Bhandari and Pritam Biswas (Reuters) -Figure Technologies is targeting a valuation of up to $4.13 billion in its initial public offering, the blockchain lender said on Tuesday, becoming the latest crypto firm to capitalize on revived investor interest in new listings. Renewed regulatory clarity and strong inflows into crypto-focused exchange-traded funds have accelerated…
Leather goods manufacturer China International Development Corporation (CIDC) has invested HK$100 million (US$13.9 million) to acquire a 20 per cent stake in Hong Kong-based asset tokenisation start-up NVT, signalling growing enthusiasm for digital assets in the city. The partnership would allow CIDC to use NVT’s tokenisation infrastructure, positioning itself as a “global first mover” in…
Bitcoin (BTC-USD) held firm above $113,600 (£84,424) as traders looked ahead to Federal Reserve chair Jerome Powell’s address at the Jackson Hole Economic Symposium on Friday, an event that could set the tone for markets heading into the autumn. The world’s largest cryptocurrency by market capitalisation rose around 1% on Thursday, rebounding from a two-day…
Alpha Edge Media, a subsidiary of Aether Holdings (NASDAQ: ATHR), will host the Alpha Edge Summit Hong Kong 2025 on August 27, 2025, during Bitcoin Asia Week. The exclusive, invitation-only event will be held at Cloud 39, The Henderson building in Hong Kong. The Summit, themed “Where…
Cryptocurrency exchange operator Bullish (BLSH) is set to go public on Wednesday at a valuation north of $5 billion as the IPO market looks set to continue a strong summer. The company, which operates a crypto exchange and owns the prominent trade publication CoinDesk, said Tuesday that it had priced its IPO at $37 per…
Eric Trump, the second-born son of US President Donald Trump, will attend next month’s Bitcoin Asia 2025 conference in Hong Kong as a headline speaker, as the city strives to position itself as a leading hub for digital assets, competing with the US. Trump would discuss bitcoin’s “long-term potential” and its impact on global finance,…
CMB International Securities (CMBI), the brokerage arm of China Merchants Bank, said it received a virtual asset licence from Hong Kong’s Securities and Futures Commission, making it the first mainland broker to conduct cryptocurrency trading services and other activities in the city. The licence, issued on Monday, allowed CMBI to engage in a variety of…
Bitcoin’s (BTC-USD) price headed to fresh heights against the US dollar on Monday as the US looks ahead to a potentially big week of legislative change for the crypto industry with key votes on the agenda. Bitcoin was changing hands above the $122,000 mark on Monday morning, up 3.3%, having hit all-time highs earlier. Year-on-year…