The post Hong Kong Crypto Security Tightens With OTP Ban appeared on BitcoinEthereumNews.com.
Hong Kong’s push to strengthen crypto security just took a concrete and consequential step. The city’s Securities and Futures Commission has issued a circular banning one-time password logins across all crypto trading platforms and internet brokers — a direct response to a phishing epidemic that is quietly draining user accounts and overwhelming the region’s cybersecurity infrastructure. Key takeaways Hong Kong’s SFC has banned SMS, email, and app-based OTP logins for crypto platforms and internet brokers, requiring passkeys or other phishing-resistant methods instead. Operators have a 12-month deadline to comply; large brokers must act immediately. Hong Kong recorded 15,877 cybersecurity incidents in 2025 — a 27% jump from the prior year — with phishing accounting for 57% of cases. Senior management at licensed platforms now face direct personal liability for client losses tied to weak authen
The post LTP Launches the World’s First AI Agent Live Trading Championship — 200+ Teams, $300K+ in Prizes appeared on BitcoinEthereumNews.com.
LTP today announced Liquidity Arena 2026, the world’s first live quantitative trading championship built specifically for AI agents and autonomous trading systems. With kickoff on July 20, the competition has already drawn 200+ registered teams globally, backed by 20+ academic and institutional partners, 20+ media partners, and multiple quantitative platforms and communities — making it the largest AI-native trading event to date. The bottleneck for AI agents in trading has never been the model — it’s the infrastructure. Multi-asset execution, real liquidity, institutional-grade clearing: that’s what serious autonomous trading requires, and that’s exactly what LTP was built to provide. Liquidity Arena is the live test. — Jack Yang, Founder & CEO at LTP Proven Infrastructure, Real Stakes Liquidity Arena runs on LTP’s institutional-grade stack — p
The theft highlights vulnerabilities in crypto security, potentially undermining trust in blockchain networks and affecting investor confidence.
The post Solana wallet linked to genesis distribution loses $14.2M in theft appeared first on Crypto Briefing.
The post LTP Launches the World’s First AI Agent Live Trading Championship — 200+ Teams, $300K+ in Prizes appeared on BitcoinEthereumNews.com.
Hong Kong, July 10th — LTP today announced Liquidity Arena 2026, the world’s first live quantitative trading championship built specifically for AI agents and autonomous trading systems. With kickoff on July 20, the competition has already drawn 200+ registered teams globally, backed by 20+ academic and institutional partners, 20+ media partners, and multiple quantitative platforms and communities — making it the largest AI-native trading event to date. “The bottleneck for AI agents in trading has never been the model — it’s the infrastructure. Multi-asset execution, real liquidity, institutional-grade clearing: that’s what serious autonomous trading requires, and that’s exactly what LTP was built to provide. Liquidity Arena is the live test.” — Jack Yang, Founder & CEO at LTP Proven Infrastructure, Real Stakes Liquidity Arena runs on LTP’s inst
The post Hong Kong Crypto Phishing Regulation Mandates Phishing-Resistant Logins appeared on BitcoinEthereumNews.com.
Crypto investors in Hong Kong are about to see the way they log into trading platforms change dramatically. The Hong Kong Securities and Futures Commission has issued sweeping new Hong Kong crypto phishing regulation requirements, ordering all virtual asset trading platforms and online brokers in the city to eliminate one-time passwords and replace them with stronger, phishing-resistant login methods — all within 12 months. Key takeaways The SFC has banned OTP-based logins via SMS, email, and app-based methods for crypto platforms and online brokers, with a 12-month implementation deadline. Approved alternatives include passkeys, registered devices with cryptographic verification, and hardware security keys. Phishing attacks and social engineering scams caused $306 million in losses across the crypto industry in Q1 2026 alone, out of total losses of $482 million. Counte
The post HSBC’s Pioneering Blockchain Move Brings New Era to Finance appeared on BitcoinEthereumNews.com.
HSBC has achieved a significant milestone by issuing its first digital structured products using blockchain, marking an innovative leap for finance in Hong Kong. These US dollar-denominated bonds were distributed and maintained via blockchain networks under a private institutional placement, symbolizing a fusion of traditional finance with modern digital tokenization in the region. Continue Reading:HSBC’s Pioneering Blockchain Move Brings New Era to Finance Source: https://en.bitcoinhaber.net/hsbcs-pioneering-blockchain-move-brings-new-era-to-finance
The post HSBC completes first tokenized structured product pilot for institutional investors appeared on BitcoinEthereumNews.com.
HSBC has completed its first blockchain-based issuance of a digitally native structured product, using tokenized U.S. dollar-denominated notes in a private placement for institutional investors in Hong Kong. Summary HSBC completed its first blockchain based issuance of a digitally native structured product through a private placement in Hong Kong. Marketnode supported the transaction by issuing the notes on blockchain and managing digital payment flows between HSBC and the investor. The pilot builds on Hong Kong’s growing tokenization efforts as financial institutions continue testing blockchain for capital markets. According to HSBC, the pilot transaction involved U.S. dollar-denominated structured notes issued in Hong Kong with support from Asia-Pacific digital market infrastructure operator Marketnode, which acted as both the tokenisation agent and digita
HSBC has completed its first blockchain-based issuance of a digitally native structured product, using tokenized U.S. dollar-denominated notes in a private placement for institutional investors in Hong Kong. According to HSBC, the pilot transaction involved U.S. dollar-denominated structured notes issued…
The post Hong Kong Bans SMS and Email Logins for Crypto Platforms: Will Other Regulators Follow? appeared on BitcoinEthereumNews.com.
Hong Kong’s securities regulator has banned one-time password logins for crypto trading platforms. The rule targets phishing scams behind a surge in the region’s cybersecurity incidents. The Securities and Futures Commission issued a circular. It orders internet brokers and crypto trading platforms to drop SMS, email, and app-based OTPs. Platforms must switch client logins and device binding to passkeys and other phishing-resistant methods. Operators have 12 months to comply, though large brokers must switch immediately. The SFC flagged OTP risks back in February 2025 guidance. This circular now makes that shift mandatory. Phishing Fuels a Record Year for Cyber Incidents Hong Kong logged 15,877 cybersecurity incidents in 2025. The SFC says that marks a 27% jump from the prior year. Phishing accounted for 57% of those cases. Botnet attacks followed at 18%
