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Hong Kong investment firm’s shares surge 93% after buying just 1 Bitcoin

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A Hong Kong-based investment firm saw its stock price double after disclosing the purchase of a single Bitcoin, highlighting the growing influence of digital assets on traditional markets. The company, whose name has not been disclosed, made the announcement in a regulatory filing, emphasizing its belief in Bitcoin’s long-term value. Following the disclosure, investor enthusiasm drove the firm’s stock price up by over 100%, reflecting strong market sentiment around cryptocurrency adoption.

The dramatic surge underscores the broader trend of institutional and corporate interest in Bitcoin, particularly in Asia. As regulatory clarity improves in jurisdictions like Hong Kong, more firms are exploring digital asset investments as part of their portfolios. The move also aligns with the region’s increasing push to establish itself as a global hub for cryptocurrency and blockchain innovation.

Market analysts suggest that such reactions to Bitcoin-related announcements highlight the speculative nature of crypto-driven stock movements. While some investors view corporate Bitcoin purchases as a sign of financial foresight, others caution against the volatility and potential risks associated with such investments. The firm’s stock rally echoes similar trends seen with U.S.-based companies that have added Bitcoin to their balance sheets in recent years.

As institutional engagement with digital assets deepens, the intersection between traditional finance and cryptocurrency continues to evolve. While the impact of a single Bitcoin purchase may seem disproportionate, it signals a shift in investor perception and the growing mainstream acceptance of crypto as a legitimate asset class. Hong Kong’s regulatory stance on digital assets will likely play a crucial role in shaping future corporate adoption and investment trends.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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