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BC Technology says statements in Bloomberg’s article are ‘factually inaccurate and highly misleading.’ Hong Kong’s BC Technology Group Ltd. has denied recent reports saying that the company is exploring the sale of its licensed crypto platform OSL. In a recent Hong Kong stock exchange filing, the firm said that the “contents and statements” made in Bloomberg’s article are “factually inaccurate and highly misleading,” the South China Morning Post reports . In the article that surfaced on Oct. 16, Bloomberg said, referring to people familiar with the matter, that BC Technology Group had “gauged interest” in OSL from buyers at a HK$1 billion ($128 million) valuation. After the news broke, BC Technology’s shares dropped by over 34% to HK$2.8, according to data from Google Finance. You might also like: Russians and Ukrainians turn to Hong Kong to store money in crypto The news came amid reports that two ...

The HKVAC index , unveiled by the Hong Kong Virtual Assets Consortium (HKVAC), adds XRP, SHIB and ADA to its list of recognized cryptocurrencies. This newly introduced index , which assesses 30 prominent digital assets, places significant emphasis on market capitalization as the primary criterion for evaluation. Top 30 on the index The Hong Kong Virtual Assets Consortium (HKVAC) introduced the index with the aim to provide investors and regulators with a dependable benchmark to assess the performance and risks associated with virtual assets. JUST IN: $SHIB & $XRP have been recognized in Hong Kong’s HKVAC Index! — Shiba Archives (@ShibaArchives) June 28, 2023 HKVAC’s official website reveals two versions of the index. The first version assigns weights to crypto assets based on their market capitalization, while the second version incorporates risk ratings into the weighting methodology. These variations offer different perspectives on the composition and evaluati...