(MENAFN - Asia Times) HONG KONG â Several Hong Kong-listed stocks with blockchain businesses or concepts jumped significantly on the first trading day of the Year of the Ox after Bitcoin hit a new high in the past two days.
On Sunday, Bitcoin reached $49,375 for the first time, almost meeting the forecast made by Nicholas Pelecanos, the head of trading at cryptocurrency firm NEM, who said on January 2 that the cryptocurrency could rise to $50,000 by Valentine s Day.
The recent surge in Bitcoin, together with US-listed Bitcoin miners such as Bit Digital and Riot Blockchain, came after Tesla announced on February 8 that it bought $1.5 billion in Bitcoin and would accept customer payments in the cryptocurrency.
[HONG KONG] Fidelity has increased its stake in Hong Kong cryptocurrency company BC Technology Group to 6.29 per cent after investing US$6.71 million, according to an exchange filing published on Tuesday. Read more at The Business Times.
BC Technology Group Enters Into Agreement to Raise HKD697 Million in Share Placement, with Morgan Stanley Appointed as Sole Placing Agent
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HONG KONG, Jan. 5, 2021 /PRNewswire/ BC Technology Group (stock code: 863 HK), Asia s leading public technology and digital asset company, is pleased to announce that it has entered into an agreement to raise HKD697 million (approximately USD90 million) in a top-up share placement, with Morgan Stanley appointed as the sole placing agent, and participation from a strong roster of institutional investors.
With completion of the placement, the Group will continue to expand the reach and capability of its leading institutional digital asset platform OSL, which provides prime brokerage, custody, exchange and software-as-a-service (SaaS) to institutions and professional investors. The transaction further affirms the Group s institutional-focused strategy, positioning it to lead the digital as
OSL does not provide services to retail investors, with its clientele restricted to institutions, high net worth individuals (over US$1 million and above) and family offices.
Hong Kong Grants First License to Cryptocurrency Trading Platform
Hong Kong now has its first regulated cryptocurrency trading platform. The Securities and Futures Commission has just given out the first-ever crypto license to OSL Digital Securities which will soon commence trading for several cryptocurrencies, including bitcoin.
Hong Kong Gives Out First Crypto License
Hong Kong’s Securities and Futures Commission (SFC) has licensed the first crypto trading platform in Hong Kong. The securities regulator announced Wednesday:
It has granted the first licence to a virtual asset trading platform in Hong Kong.
The SFC website shows that OSL Digital Securities Ltd. was licensed on Dec. 15. The Asian digital asset platform, a member of the Hong Kong stock exchange-listed BC Technology Group, is licensed for Type 1 (dealing in securities) and Type 7 (providing automated trading services) regulated activities. The regulator explained that the platform will only “