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HK blockchain stocks jump in Bitcoin frenzy


(MENAFN - Asia Times) HONG KONG – 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. ....

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HKSAR government administrator predicts jobless rate to exceed 7 percent


( MENAFN )Law Chi-kwong, secretary for labor and welfare of the Hong Kong Special Administrative Region government, expected on Sunday, February 14, that the forthcoming jobless rate for the last three months will exceed 7 percent and promised job creation and training to undertake the deteriorating labor market.
Hong Kong s redundancy rate increased to 6.6 percent in the October-December period because of the coronavirus impact, reaching a 16-year high.
In the face of the harsh situation, Law stated on a Commercial Radio program that the government has provided more provisional jobs and will start job training plans for those trying to change their careers, adding that such policies are more effectual than cash handouts. ....

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