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Dune Analytics expands blockchain data with Tron integration

Dune Analytics partners with TRON, enhancing data access and offering a $650,000 prize for HackaTRON developers.

Circle ends USDC support on TRON network

USDC halts TRON support, aligning with Circle’s IPO plans.

Most top 10 cryptos rise; Tron, Toncoin biggest gainers

Bitcoin rises past US$26,500. All other top 10 cryptos gain, except BNB.

Bitcoin, Ether slip, top 10 cryptos fall led by Tron

Bitcoin and Ether slipped during Monday afternoon trading in Hong Kong along with all other top 10 non-stablecoin cryptocurrencies by market capitalization, except the BNB token, with crypto markets poised for an uneventful month ahead, industry experts told Forkast.

Bitcoin dips after reclaiming US$26,000, Ether falls; XRP gains, Tron leads losers in crypto top 10

Bitcoin dipped on Monday morning in Asia after reclaiming US$26,000 support over the weekend. Ether also fell back but held above US$1,700.

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.
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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.
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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.
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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.

Fidelity adjusts Ethereum ETF plan, excludes staking rewards

Fidelity’s updated ETF filing drops staking options amid regulatory concerns, impacting the crypto investment landscape.

CryptoPunks leads daily NFT sales with over US$1.39 million

CryptoPunks tops daily NFT sales, Ethereum blockchain sees significant activity, and DMarket maintains strong buyer engagement.

CryptoPunks leads NFT sales for the second straight day

The iconic CryptoPunks collection tops daily NFT sales, but this isn’t enough to keep Ethereum above Bitcoin.

Chainalysis sets up Dubai HQ, bolsters UAE’s crypto ambitions

Blockchain analytics firm Chainalysis has launched its regional headquarters in Dubai, advancing the UAE’s goal to be a top cryptocurrency hub.

Tether nets US$4.52 bln Q1 profit from investments

Stablecoin leader Tether’s Q1 earnings soar to $4.52 billion, buoyed by US Treasury and Bitcoin.

US senators unveil stablecoin regulation bill

New legislation aims to enhance financial stability by imposing strict rules on stablecoin issuers.

Agora secures US$12 mln for new stablecoin AUSD

Agora’s AUSD stablecoin launch attracts $12M in seed funding, signaling strong market confidence.

Binance faces ban in Philippines

Binance gets blocked by Philippines financial watch dog as the exchange drops Tron USDC.

Ethereum leads NFT sales despite market dip

Ethereum remains the top NFT platform despite a 63% sales dip in the last 24 hours, followed by Bitcoin and Solana.

Hong Kong central bank unveils Project Ensemble for tokenization

The Hong Kong Monetary Authority launches a wholesale CBDC project to support tokenized asset transactions and financial innovation.

Tether’s USDT becomes the first stablecoin to US$100 bln

Tether’s USDT stablecoin reaches a market capitalization milestone.

FTX cautions against unauthorized asset sales

FTX warns public about unauthorized parties soliciting bids for its digital assets, reaffirming Galaxy Asset Management’s exclusive role.

Bitcoin gets closer to all-time high, breaks US$67,000 barrier

Bitcoin approaches its record peak, signaling strong investor confidence in the cryptocurrency market.

UK moves to classify cryptocurrencies as property

The UK Law Commission proposes a new legal framework to recognize cryptocurrencies as property, aiming to provide clarity and protection for digital assets.

Andreessen Horowitz backs EigenLayer with US$100 mln investment

Venture capital firm Andreessen Horowitz invests $100 million in Ethereum restaking protocol EigenLayer, signaling strong support for blockchain innovation.

Montenegro court overturns extradition of Terra founder Do Kwon

International tug of war over Kwon’s fate takes a new turn with Montenegro court’s reversal on extradition.

Monero sinks as Binance announces delisting

Privacy coins face a setback as Binance removes Monero, impacting its market price.

USDC issuer Circle attempts public listing again: report

With the filing for an IPO, Circle aims to capitalize on the growing interest in crypto assets, despite recent industry setbacks.

Ripple to be valued at US$11.3 bln following share repurchase

Ripple Labs’ tender offer aims to repurchase US$285 million shares, valuing the firm at US$11.3 billion and fortifying financial standing.

MakerDAO’s Christensen wants to make DAOs fun again. He’s not alone.

Projects are rethinking how to make DAOs more fun and less disappointing.

From Silicon Valley to Sand Dunes: Why Indian crypto firms eye Dubai expansion

Indian crypto companies flock to Dubai, escaping high local taxes and finding solace in the emirate’s favorable regulatory environment.

Blockchain can transform the real estate business — if we remove the roadblocks in its way

From reducing paperwork to verifying title quickly, blockchain technology promises to overhaul the age-old industry. But it faces regulatory hurdles and resistance by those who profit from inefficiency.

Is Ethereum once again a victim of its own success?

A year after the Merge made Ethereum even more popular, the network now faces the perils of a staking-fueled liquidity crunch. What are the alternatives?