Nexchip begins trading in Hong Kong after raising $890M in share sale

Angola's yuan reserve inclusion reflects a strategic shift in global finance, reducing dollar reliance and aligning with China's economic influence. The post Angola allows banks to use China’s yuan for reserve requirements, signaling dollar diversification push appeared first on Crypto Briefing.

The post HSBC Launches Blockchain Structured Notes in Hong Kong. appeared on BitcoinEthereumNews.com. HSBC completes its first digitally native structured product issuance using blockchain technology in Hong Kong. Marketnode supports tokenisation and payments, improving structured product efficiency for institutions. The pilot highlights Hong Kong’s growing focus on blockchain-based capital markets innovation. HSBC has completed its first blockchain-based issuance of a digitally native structured product in Hong Kong. The pilot involved US dollar-denominated notes and tested blockchain technology for faster issuance, settlement, and servicing for institutional investors. HSBC Tests Tokenized Structured Product Issuance HSBC issued the structured notes through a private placement, marking its first digitally native structured product using blockchain infrastructure. The transaction was supported by Marketnode, which acted as the tokenisation agent and digital paying agent. Through the p

The legislation could strain US relations with major economies like China and India, while intensifying scrutiny on global crypto transactions. The post Senator Graham posts agreement to hold Russia energy buyers accountable with 500% tariff threat appeared first on Crypto Briefing.

The post India Gold Discounts Widen to $19 as China Buying Streak Hits 20 Months appeared on BitcoinEthereumNews.com. Indian jewelers are cutting gold prices by as much as $19 an ounce this week as sharp volatility freezes retail buying, while China’s central bank keeps adding to its reserves. The contrast highlights diverging gold strategies across Asia’s two largest markets during a volatile month for the metal. Spot prices dropped to a seven-month low in late June before rebounding, fueling the wide swings dealers cite this week. India’s Discounts Deepen as Buyers Hesitate Dealers in India cut prices by up to $19 an ounce this week, according to Reuters. Sharp volatility has discouraged fresh purchases, and many buyers are avoiding the market entirely. Retail activity has shifted toward exchanging old jewelry for new pieces, so jewelers do not need to restock as often. This shift lowers demand for freshly mined bullion and keeps discounts elevated. Indian jewelry volumes fell 19% ye

HSBC completes its first digitally native structured product issuance using blockchain technology in Hong Kong. Marketnode supports tokenisation and payments, improving structured product efficiency for institutions. The pilot highlights Hong Kong’s growing focus on blockchain-based capital markets innovation. HSBC has completed its first blockchain-based issuance of a digitally native structured product in Hong Kong. The […] The post HSBC Issues First Blockchain-Based Structured Notes in Hong Kong appeared first on Live Bitcoin News.

The post Hong Kong gives crypto platforms one year to ditch one-time passwords or cover user losses appeared on BitcoinEthereumNews.com. Hong Kong crypto platforms have until July 8, 2027, to ditch one-time passwords for client logins and device registration under new security rules. By then, licensed virtual asset service providers and internet brokers must use authentication that can resist phishing for client logins and the registration or binding of devices, according to a July 9 circular. The regulator said one-time passwords, or OTPs, do not meet that standard and should not be used for those two processes. The rule applies only when clients log in or link a new device, leaving other OTP uses unchanged. Firms do not have to make existing clients rebind devices that are already linked. Large internet brokers are expected to deploy the stronger methods immediately, while the broader group has a 12-month implementation period. Related Reading Hong Kong approves 4 new crypto trading

The post China: Growth slowdown with uneven momentum – DBS appeared on BitcoinEthereumNews.com. DBS economists Radhika Rao and Mo Ji project China’s Gross Domestic Product (GDP) growth to slow from 5.0% year-on-year in Q1 to 4.8% in Q2. They note resilient industrial production and strong export growth driven by AI-related electronics, but highlight weak retail sales, subdued household sentiment, and continued drag from declining property prices and falling fixed asset investment. AI exports offset weak consumption “Economic growth is expected to decelerate from 5.0% yoy in Q1 to 4.8% in Q2, amid uneven domestic momentum.” “Industrial production is expected to improve from 4.5% in April to 4.6% in June, amid resilient external demand.” “Exports growth should have maintained its momentum with growth of 20.4% in June, driven by regional AI-electronic demand.” “However, retail sales growth is projected to moderate to 0.5% in June 2026, partly due to a high base effect from last year’s tra

This situation could lead to stricter AI export regulations, impacting US firms' global market access and boosting China's domestic AI industry. The post OpenAI and Google caught selling AI models to Pentagon-blacklisted Chinese firms appeared first on Crypto Briefing.