Bitcoin rises past US$26,500. All other top 10 cryptos gain, except BNB.
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 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 couldn’t maintain its Monday morning gains as the world’s largest cryptocurrency dropped below US$28,000 in the afternoon.
Bitcoin traded below US$27,000 in Monday afternoon trade in Asia.
Bitcoin fell below US$27,000 on Sunday, dipping further Monday morning in Asia as wider macro developments continue to weigh.
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.
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.
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’ delegate urges stronger supervision in the metaverse industry, as metaverse fever continues.
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, the world’s largest stablecoin provider, will include the CNHT stablecoin on Justin Sun’s Tron network.
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.
Amid the current crypto market carnage, Web3’s appeal for investors remains solid — and perhaps even stronger — says CVP NoLimit Holdings founder Gin Chao.
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.
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 blockchain fintech startup Ettle Pty Ltd. has completed the first transaction on its recently launched Australian dollar-pegged stablecoin, AUDE.
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 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 is recruiting chief technical officers (CTOs) to lead the company’s growing Web3 business.
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 […]
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 […]
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 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 […]
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 […]
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.
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 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 […]
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. […]
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 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 […]
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 […]
Supply chain woes are deepening as seasonal consumer demand meets a logistics logjam. Dennis Delgado of SyncFab explains how blockchain can help.
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.’
Leading Chinese crypto mining hardware manufacturer attributes robust revenue to ‘substantial increase in total computing power sold.’
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 […]
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 […]
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. […]
Case could be first fatality associated with mining, although hot-running equipment has history of starting fires.
Other top blockchain and cryptocurrency news: Ethereum 2.0’s pre-launch hits turbulence. China taps Lakala for DCEP digital yuan’s payment system.
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.
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.
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.
International tug of war over Kwon’s fate takes a new turn with Montenegro court’s reversal on extradition.
With the filing for an IPO, Circle aims to capitalize on the growing interest in crypto assets, despite recent industry setbacks.
Ripple Labs’ tender offer aims to repurchase US$285 million shares, valuing the firm at US$11.3 billion and fortifying financial standing.
Projects are rethinking how to make DAOs more fun and less disappointing.
Indian crypto companies flock to Dubai, escaping high local taxes and finding solace in the emirate’s favorable regulatory environment.
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.
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?
Three SFC-authorized crypto ETFs will be available on UBS’ Hong Kong platform.
ICBC was disconnected from its trading partners after a cyberattack.
Ether rose to an over six-month high of US$2,045.
The SEC has reportedly been in contact with Grayscale since its court victory in August.
Prosecutors have reportedly identified new suspects after searching nine locations related to JPEX.
Top blockchain and crypto news: Hong Kong mulls Bitcoin ETFs, Ordinals flip Ethereum NFTs, IPO comes full circle.
Blockchain-based gaming and remittances among top drivers toward adoption in central and South Asia.
The move is part of SC Ventures’ expansion into the United Arab Emirates.
Bitcoin is up over 32% in the past month.
The proposed guidelines will work as a liquidity stress test for stablecoin issuers, according to the EBA.
HSBC’s new service is expected to launch in 2024.