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Asia's first spot bitcoin, ether ETFs start trading in Hong Kong
Asia's first spot bitcoin, ether ETFs start trading in Hong Kong
Technology
by  AFP

Hong Kong on Tuesday launched trading of Asia's first spot bitcoin and ether exchange-traded funds (ETFs), moving forward in the city's race to become a regional virtual asset investment hub. Each company issued a spot bitcoin and a spot ether ETF, which can be traded in both Hong Kong and US dollars, while ChinaAMC (HK) also allowed trading in Chinese yuan.

Ex-Binance chief set for sentencing in US court
Ex-Binance chief set for sentencing in US court
Technology
by  AFP

US federal prosecutors are calling for ex-Binance chief Changpeng Zhao to be sent to prison when he appears Tuesday for sentencing on money laundering charges. Zhao pleaded guilty to violating US anti-money laundering laws and Binance agreed in February to pay $4.3 billion to settle charges.

Samsung says Q1 operating profits soar nearly tenfold on-year
Samsung says Q1 operating profits soar nearly tenfold on-year
Technology
by  AFP

Samsung Electronics said Tuesday that its first-quarter operating profits had risen nearly tenfold year-on-year -- a 931.8 percent increase -- amid recovering chip prices and growing demand. However, the semiconductor market had been predicted to recover this year and grow 11.8 percent, according to industry monitor World Semiconductor Trade Statistics.