The Web3 Investment Summit 2023, organized by Digital Asset Wealth Tech Platform Aspen Digital - a subsidiary of Everest Ventures Group (EVG), concluded successfully on March 20, 2023 at the Grand Hyatt Hong Kong.

Paris-based cryptocurrency market data provider Kaiko will move its Asian headquarters to Hong Kong from Singapore as it sees growing opportunities amid the city’s recent regulation changes toward digital assets, its chief executive officer Ambre Soubiran told Bloomberg in a March 16 interview.

Silicon Valley Bank's parent company SVB Financial Group (SIVB) has filed for Chapter 11 bankruptcy protection.

Signum Digital, the joint venture of Coinstreet and Somerley, has announced that it has received an approval-in-principle from the Hong Kong Securities and Futures Commission (SFC) for its security token offering (STO) and subscription platform. 

Signum Digital, a joint venture of digital asset consultancy firm Coinstreet Holdings and Hong Kong-based financial group Somerley Capital Holdings, is the first company to win approval-in-principle in Hong Kong to operate a platform to trade security tokens, according to a Signum press release.

Cryptocurrency market data provider Kaiko plans to relocate its Asian headquarters to Hong Kong from Singapore, drawn by the city’s push to establish a global hub for the digital-asset industry.

Hong Kong welcomes you with full resumption of normal travel! Read below for details on the current entry requirements, or visit the Hong Kong Government’s webpage for the latest updates.

The leading fiat-crypto payment gateway, Alchemy Pay, has revealed that it has joined forces with ZD Group, the parent company of Mouette Securities, a reputable global investment fund. Within the frame of this strategic collaboration, ZD Group provides investment and shares its four financial licenses authorized by Securities and Futures Commission (SFC) and Insurance Authority (IA) of Hong Kong with Alchemy Pay, while Alchemy Pay commits to provide crypto payment solutions to all businesses in ZD Group. This collaboration aims to promote resource sharing and foster stronger business ties between the two entities.

According to Hong Kong police, in 2022 there were 2,336 reported crypto scam-related cases in which more than $216.6 million was lost. Although losses relating to crypto scams only constituted just over 10% of the nearly 23,000 reported technology crimes, they still accounted for more than half of the $407.7 million that was lost to online fraudsters.

Losses from crypto scams in Hong Kong amounted to 1.7 billion Hong Kong dollars ($216.6 million) last year, surging 106% from a year before, according to the local police.