Bitcoin drops below US$28,000, Tron’s deflation slows losses
Bitcoin couldn’t maintain its Monday morning gains as the world’s largest cryptocurrency dropped below US$28,000 in the afternoon.
Bitcoin, top 10 cryptos fall except Tron; U.S. futures slightly up; Asian equities rise
Bitcoin traded below US$27,000 in Monday afternoon trade in Asia.
Bitcoin, Ether fall; Tron trades higher; Investors digest G7, U.S. debt ceiling implications
Bitcoin fell below US$27,000 on Sunday, dipping further Monday morning in Asia as wider macro developments continue to weigh.
SEC warns Coinbase of potential legal action over staking, separately targets Tron founder Sun
The Securities and Exchange Commission has warned Coinbase, the largest cryptocurrency exchange in the U.S., it may face legal charges related to staking services and digital asset listings.
Janet Yellen urges strong regulatory framework for crypto as India leads G20 push for regulation
U.S. Treasury Secretary Janet Yellen told Reuters after the G20 meeting in India on Saturday that while the U.S. has not indicated any outright bans, it is critical to put in place a strong regulatory framework for the cryptocurrency industry.
Asia’s Opportunity to Lead Crypto Regulations
Crypto industry’s interaction with regulators is important and quite common in Asia but missing in the US, says Brooks Entwistle of Ripple Labs.
Weekly Market Wrap: Bitcoin retreats below US$22,000 after a record January. Is the strong start to 2023 reversing?
After the strongest January price increase since 2013, Bitcoin gave up some of its gains this week to dip below the US$22,000 support line on Friday. The crypto market was buffeted by bearish comments on interest rates by U.S. Federal Reserve officials this week, along with concerns about a regulatory crackdown. Is this the start of a downtrend, a healthy correction, or the beginning of a so-called “crab” market moving sideways?
Coinbase CEO Brian Armstrong says SEC has ‘terrible’ idea to ban crypto staking for U.S. retail customers
The U.S. Securities and Exchange Commission is considering a ban on cryptocurrency staking for retail customers in the country, said Brian Armstrong, the chief executive of Coinbase Global Inc.
Markets: Bitcoin edges higher, Ether little changed; XRP, Polkadot post strong gains in mixed market
Bitcoin edged higher to the US$23,000 resistance line, while Ether traded little changed in mixed early morning trading in Asia on Tuesday.
Shanghai Two Sessions: metaverse development requires stronger supervision
Shanghai Two Sessions’ delegate urges stronger supervision in the metaverse industry, as metaverse fever continues.
Hong Kong’s SFC appoints new chief who calls for stronger crypto regulation
Julia Leung, the next chief executive of Hong Kong’s Securities and Futures Commission (SFC) due to start her three-year term on Jan. 1, called for stricter crypto regulation when speaking at the city’s Fintech Week last month.
Tether launches offshore yuan-pegged stablecoin on Tron
Tether, the world’s largest stablecoin provider, will include the CNHT stablecoin on Justin Sun’s Tron network.
Coinbase CEO Armstrong says Bankman-Fried’s US$8 bln ‘accounting error’ doesn’t stand up
Coinbase Global Inc. Chief Executive Brian Armstrong said Sam Bankman-Fried’s explanation of sloppy accounting as the reason US$8 billion moved from his crypto exchange FTX to brokerage arm Alameda Research doesn’t stand up to scrutiny.
Cold comfort: Is Crypto Winter the right time to invest in Web3?
Amid the current crypto market carnage, Web3’s appeal for investors remains solid — and perhaps even stronger — says CVP NoLimit Holdings founder Gin Chao.
Dominica releases ‘world’s first’ national crypto token with Huobi, Tron
The Commonwealth of Dominica in the Caribbean reportedly issued its national crypto token, DMC, on Tuesday, in partnership with crypto exchange Huobi Global, TronDAO and DMC Labs.
Coinbase wallet ends support for ETC, BCH, XRP, XLM
The largest U.S.-based cryptocurrency exchange Coinbase Global Inc. announced that its wallet will no longer be supporting Ethereum Classic (ETC), Bitcoin Cash (BCH), XRP and Stellar (XLM).
Australian fintech firm launches new AUD stablecoin, AUDE
Australian blockchain fintech startup Ettle Pty Ltd. has completed the first transaction on its recently launched Australian dollar-pegged stablecoin, AUDE.
China’s foreign exchange bureau urges stronger legislation to regulate crypto trade
China should integrate legislation on cryptocurrencies in order to better regulate crypto tradings, said Huang Hui, a deputy director of the Supervision and Inspection Department of State Administration of Foreign Exchange.
Tron’s Justin Sun stresses ‘due diligence’ needed before considering FTX bailout
Tron founder Justin Sun’s plans to save FTX include debt, equity investments and a full takeover, he told BloombergTV on Friday, Asia time.
LG Electronics seeks Web3 talent for blockchain, NFT efforts
LG Electronics is recruiting chief technical officers (CTOs) to lead the company’s growing Web3 business.
Markets: Bitcoin back above US$19,000 while Ether posts strongest gains since post-Merge
Bitcoin rose above US$19,000 in early Tuesday morning trading in Asia after falling below that resistance level overnight for the first time in almost two weeks. Ethereum showed signs of shaking off the post-Merge slump as it gained along with the rest of the top 10 cryptocurrencies by market capitalization. See related article: Ethereum’s PoW […]
LG Electronics to launch Hedera-based crypto wallet
South Korea-based LG Electronics is reportedly preparing to release its first crypto wallet application named “Wallypto” in the third quarter of 2022. See related article: S. Korea’s Danal, LG CNS to build ‘one-for-all’ Web3 payments platform Fast facts LG Electronics has been running a beta test of the application with developers since August and is […]
Bitcoin miner Stronghold to return mining rigs to cut debt; shares plunge as losses widen
Shares of Bitcoin miner Stronghold Digital Mining Inc. plunged more than 25% in U.S. trading on Wednesday after the company said losses in the second quarter widened from a year earlier despite a restructuring plan that included the return of about 26,200 Bitcoin mining machines to slash debt in half. See related article: Bitcoin miner […]
Bitcoin flat, Ether gains in late Asia trade; BNB still going strong on expanded staking
Bitcoin was largely flat in Friday afternoon trading in Asia, while Ethereum gained. However, both of the two major coins on the top 10 list by capitalization were trading more than 3% lower week-on-week. BNB’s gains ran into a second day, while Polkadot and Dogecoin rose. See related article: Ethereum Classic’s ‘Merge’ surge not expected […]
Solana an investor favorite as July registers strongest crypto inflows year-to-date: report
Crypto investments totaled US$474 million in July, mostly reversing outflows of US$481 million in June, even as Solana (SOL) witnessed year-to-date inflows of US$114 million, a report by Coinshares said. See related article: Ethereum needs scalability to retain market share: report Fast facts See related article: ETH crosses Bitcoin in options market for first time […]
Tron bolsters reserves again; Fed decision market wobbles
The USDD reserves sees US$500 million worth of USDC added to it. Meanwhile, the US Federal Reserve’s rate decision has the crypto market bracing for itself.
US$500 mln in USDC added to TRON DAO USDD reserve
TRON DAO announced it has added US$500 million in USDC to its reserve to bolster its algorithmic stablecoin’s dollar parity, but USDD has been off its peg to the greenback for about two days. See related article: Michael Saylor, MicroStrategy stick to their guns on Bitcoin Fast facts See related article: Bitcoin, Ether bear brunt […]
TRON founder pledges US$2B defense fund after USDD stablecoin loses dollar parity
TRON founder Justin Sun on Monday said he will set up a US$2 billion fund to support the dollar peg of the project’s stablecoin USDD and “fight” against short sellers, after the stablecoin’s price fell to US$0.97. See related article: Binance resumes Bitcoin withdrawals Fast facts USDD uses an algorithmic mechanism to keep its dollar […]
Sinking TRON takes DeFi TVL to US$63B, lowest since April 2021
The total value locked (TVL) in decentralized finance (DeFi) fell to US$63.12 billion as prices across the broad crypto market fell. The declines were highlighted by the TRON algorithmic stablecoin USDD losing parity with the U.S. dollar on Monday, along with a 17% drop in the TRON native token TRX over the past 24 hours. […]
Crypto market reverses course after strong start to the week
Bitcoin dropped more than 6.5% in the past 24 hours to trade below US$30,000 as the world’s largest cryptocurrency by market capitalization gave up most of the gains made over the U.S. holiday weekend. It was trading at US$29,850 at the time of publishing. See related article: Bitcoin, Ethereum, crypto at 2022’s lowest point Fast […]
Coinbase halted India services due to RBI’s ‘informal pressure’: Armstrong
Coinbase CEO Brian Armstrong admitted in Tuesday’s earnings call that the exchange disabled the unified payments interface (UPI) in India because of the central bank’s “informal pressure.” See related article: Coinbase snafu sets the cat among the crypto pigeons in India Fast facts Armstrong’s comments come a month after Coinbase suspended its India services three […]
Terra inspires Tron to pursue US$10B in crypto-backed stablecoin
TRON founder Justin Sun announced on Thursday a new decentralized dollar-pegged algorithmic stablecoin on the Tron blockchain called USDD. See related article: What are stablecoins, and why are some governments so afraid of them? Fast facts The TRON Decentralized Autonomous Organization (DAO) intends to raise US$10 billion within the next year to fund a crypto […]
How blockchain tech can be the supply chain’s strongest link
Supply chain woes are deepening as seasonal consumer demand meets a logistics logjam. Dennis Delgado of SyncFab explains how blockchain can help.
Crypto.com on a price tear as Cardano, TRON plummet on eToro delist news
Cardano ADA and Tron TRX will no longer be available to eToro’s US customers next year while CRO reflects Crypto.com ‘going from strength to strength.’
Canaan sees strongest ever quarterly sales results
Leading Chinese crypto mining hardware manufacturer attributes robust revenue to ‘substantial increase in total computing power sold.’
Solana funds attract strong inflows of $50M despite crypto market correction last week
Institutional investors continued to buy into Solana investment products despite the market correction last week, according to a report by digital asset manager CoinShares. Fast facts Solana prices, which have soared by over 13,000% this year, reached an all-time high of US$213.47 on Sept. 9, according to CoinGecko data. Solana briefly overtook XRP to become […]
Cambodian state digital currency sees strong uptake
Since its launch in October 2020, Cambodia’s central bank digital currency project, Bakong, has reached 5.9 million users across the country, according to a report by Nikkei Asia. Fast facts The figure includes users of member bank mobile apps, with the number of Bakong electronic wallet addresses doubling in June from three months before to […]
Japan’s Monex and SBI report strong Q2 results
Two of Japan’s largest crypto firms, Monex and SBI Groups, have seen strong performances in the second quarter of the year, according to the groups’ respective Q2 reports. Fast facts SBI operates two domestic exchanges, SBI VC Trade and the TaoTao platform, as well as the mining arm SBI Crypto and U.K.-based liquidity provider B2C2. […]
Thai crypto miner found dead after suspected electronics accident
Case could be first fatality associated with mining, although hot-running equipment has history of starting fires.
Bitcoin soars to new highs as Bitcoin Cash hard forks into two. Tron blows past Ethereum.
Other top blockchain and cryptocurrency news: Ethereum 2.0’s pre-launch hits turbulence. China taps Lakala for DCEP digital yuan’s payment system.
Astronaut Chris Hadfield on blockchain’s next frontier: nodes in orbit, and settling the moon
The former International Space Station commander also discusses how blockchain can lower space exploration costs, and more. Bonus: advice on enduring Covid and social isolation with grace.
Will the glare of Justin Sun blind the public to TRON 4.0?
Ahead of the revamped blockchain platform’s July 7 launch, TRON’s flamboyant founder woos fans with gifts. But some netizens find him hard to love.
Ep. 14 | Was that Satoshi? TRON 4.0 gets lukewarm reception. Blockchain Bill of Rights.
More top news: China pours billions into blockchain and other infrastructure. Ant Financial’s new smart contracts. VC in Singapore and India.
Ep. 9 | U.S. rethinks ‘digital dollar.’ China’s new national blockchain platform. Is Libra now a stronger rival to China’s CBDC?
Other top news: Bitcoin halving frenzy. New Huawei tech zone. Blockchain company busted for defective face masks. VC in Hong Kong and Canada.
SEC sues Coinbase for violating securities rules a day after Binance lawsuit
The U.S. SEC has sued Coinbase, the largest cryptocurrency exchange in the U.S., for allegedly breaching securities rules, less than 24 hours after the regulator sued Binance on similar charges.
Crypto industry reacts to SEC’s lawsuit against Binance
The SEC sued Binance on Monday, amid mounting regulatory scrutiny on the crypto space. Industry experts shared their insights on what this could mean for Binance and how it could drive crypto innovation off the U.S. shore.
MUFG enables bank-backed stablecoin issuance amid new Japanese regulations
MUFG, Japan’s leading bank, is pioneering the crypto industry by supporting stablecoin issuance on the Progmat Coin platform, offering an alternative route for entry and exit in the volatile cryptocurrency market.
SEC targets US$115 billion of crypto following lawsuit against Binance: Bloomberg
The U.S. SEC has extended the list of cryptocurrencies it considers unregistered securities to cover US$115 billion worth of tokens following its Monday lawsuit against crypto exchange Binance, Bloomberg reported on Tuesday.
Ledger is proving the perils of sacrificing security on the altar of user experience
Ledger’s attempt to simplify self-custody and key recovery triggered a community revolt. Was this inevitable or could Ledger have sidestepped this fiasco?
Bitcoin, Ether skid; BNB drops more than 10% after U.S. securities regulator sues Binance
All top 10 non-stablecoin cryptocurrencies took a sharp fall Tuesday morning in Asia, after the SEC sued Binance over alleged securities violations.
Binance, US platform, CEO face SEC lawsuit over alleged securities violations
The U.S. regulator alleges Binance and its leader of unregistered offers, sale of tokens, defrauding investors and manipulating trade volumes.
JPMorgan teams up with Indian banks for blockchain-based settlements: Bloomberg
JPMorgan has reportedly launched a pilot project with top private lenders in India for interbank dollar transaction settlements through its blockchain platform, Onyx.
Bitcoin dips below US$27,000, Litecoin biggest loser
Bitcoin drops below US$27,000 on Monday amid mixed crypto market. Litecoin, BNB see losses while XRP, Tron, Solana gain.
Bitcoin NFTs raise unique legal issues. Here’s what you need to know
Bitcoin Ordinals are also called NFTs, but intellectual property laws may not treat them the same as Ethereum- and Solana-minted NFTs, writes Cameron Pick.
Montenegro court approves second bail request for Terra-Luna founder Do Kwon
A court in Montenegro approved a second bail request for Terraform Labs co-founder Do Kwon, who faces allegations of using fake passports.
Bitcoin little-changed around US$27,000, Ether treads water; Solana, XRP gain
Bitcoin, Ether traded little changed Monday morning in Asia, along with most other top 10 non-stablecoin cryptocurrencies. However, both Solana and XRP rose.
Return of the NFTs?
NFTs reach new heights as May sees record-breaking transactions, hinting at widespread adoption.
Hong Kong’s crypto rules offer level playing field, investor protection, says OSL exchange executive
OSL is one of only two digital assets trading platforms in Hong Kong licensed to offer services to professional investors.
Solana’s NFT sales dive as Bitcoin Ordinals surge
A significant drop in Solana’s monthly NFT sales coincides with a boom in Bitcoin NFTs. Experts believe Bitcoin could soon challenge Ethereum’s dominance in the market.
Bitcoin rises above US$27,000, Litecoin leads gains among top 10 cryptos
Bitcoin gained 1.08% on Friday afternoon and Ether strengthened 1.78%.
Japan’s ANA airline launches NFT marketplace, sees future in metaverse projects
Japan’s All Nippon Airways, or ANA Group, has launched a non-fungible token platform known as “ANA GranWhale NFT MarketPlace” to trade art and photograph collectibles through its metaverse subsidiary ANA NEO, the company tweeted on Thursday.
What’s holding back DeFi and keeping the masses away
DeFi has the potential to revolutionize finance, but hacks, poor user experience, and a lack of a regulations make many wary, writes Arthur Firstov of Mercuryo.
Bitcoin dips under US$27,000, Ether falls, Litecoin leads winners, U.S. equities bounce back
Bitcoin fell Friday morning in Asia to trade below US$27,000. Ether and most other top 10 non-stablecoin tokens traded flat to lower. Litecoin gained.
What’s next for crypto miners after US debt ceiling deal?
Top blockchain and crypto news: Miners dodge tax bullet. Blur, Binance heat up NFT lending. Chinese cities’ plans reveal nationwide Web3 ambition.
Bitcoin drops below US$27,000 with Cardano leading losses
Bitcoin fell 1.36% to US$26,805 in 24 hours. Ether slipped 0.82% to US$1,854.
Bitcoin mining difficulty rises 3.4% to all-time high as hashrate jumps
Bitcoin’s mining difficulty level rose 3.4% on Thursday to an all-time high, as the network’s hashrate also increased to a record high.
What if troubled companies like Twitter can be run by a DAO?
Decentralized autonomous organizations are the future of business, writes Lomesh Dutta. The key is designing them to avoid management and voting pitfalls.
Bitcoin logs monthly loss, Ether retreats, XRP leads losers, U.S. equities slide
Bitcoin fell on Thursday morning in Asia to post the first monthly loss of the year. Ether and all other top 10 non-stablecoin tokens also traded lower.
Hong Kong to be digital asset rules sandbox for China, says former city regulator
Virtual assets will receive the same regulatory clarity in Hong Kong as their real-world counterparts, says former Hong Kong SFC regulator Angelina Kwan.
Bitcoin, Ether in red, XRP lone gainer in top 10
A downturn impacted Bitcoin and Ether, along with the majority of top 10 non-stablecoin cryptocurrencies in Wednesday’s Hong Kong trading session. XRP remained the sole exception, maintaining its positive performance from the morning.
Tether stablecoin issuer taps Uruguay for Bitcoin mining using renewable energy
Tether, the issuer of the world’s most traded stablecoin, will invest in power generation and Bitcoin mining in Uruguay to tap the country’s renewable energy resources, the company said on Tuesday.
UAE and Hong Kong central banks to collaborate on crypto regulation
The Central Bank of the United Arab Emirates and the Hong Kong Monetary Authority have agreed to strengthen cooperation in regulating virtual assets.