The Hong Kong Monetary Authority (HKMA) has partnered with 16 companies from the financial payment and technology sectors to conduct trials on the feasibility of a Hong Kong dollar central bank digital currency (e-HKD). The digital Hong Kong dollar will start off with six potential use cases, including comprehensive payments, programmable payments, and tokenized asset settlements. The CBDC is scheduled for a three-stage approach, with the novel pilot program being an important aspect of the second stage.
Cryptocurrency exchange Bitget has reached $59 billion and $658 billion in spot and futures traded, respectively, representing growth rates of 8% and 27% from Q4 2022. The exchange’s proof-of-reserves increased from 223% on December 20, 2022, to 246% on April 3, 2023, as it completed listings for 105 coins, bringing the total to over 500 listings. Bitget is committing $10 million over five years in a novel Blockchain4Youth initiative to offer blockchain courses and certifications through Bitget Academy.
Justin Sun, the founder of Tron blockchain and owner of cryptocurrency exchange Huobi Global, has accused Wei Li, the brother of Huobi Global co-founder Leon Li, of receiving millions of Huobi (HT) tokens through “abnormal means” at zero cost and consistently selling off these HT tokens and cashing out. Sun claims that “Li Wei has not made any substantial contributions to our community” and would therefore seek disgorgement of any profits related to Wei Li’s sale of the tokens and send them to a null address for a token burn.
