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USDC stablecoin issuer Circle obtains Singapore license for digital payments, others | Singapore's Garden by the Bay, Circle Internet Financial Logo | stablecoin, usdc, monetary authority of singapore, MAS

USDC stablecoin issuer Circle obtains Singapore license for digital payments, others

Circle Singapore said Wednesday it has received a Major Payment Institution license from the Monetary Authority of Singapore.
Ethereum and Bitcoin crypto coins

Why lack of diversification is cripping to the crypto market

Small cryptos often rise and fall with BTC and ETH — the market’s two biggest players. The concentration risk is profound, and here’s why you should care.
Cryptocurrency golden bitcoin image for crypto currency

Bitcoin, Ether most other top crypto bounce back even as Coinbase joins Binance as SEC lawsuit target

Nearly all top 10 tokens rebounded as investors look beyond U.S. regulator’s lawsuits against two of the world’s most influential crypto exchanges.
The new Apple Vision Pro headset is displayed during the Apple Worldwide Developers Conference on June 05, 2023 in Cupertino, California.

Apple’s VR/MR Brings the metaverse back into focus

Apple’s Vision Pro VR is the new door to the metaverse. This headset may not be the first, but like CryptoPunks, it’s set to redefine how we see and use NFTs
Gary Gensler SEC Coinbase

SEC sues Coinbase for violating securities rules a day after Binance lawsuit

The U.S. SEC 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. 
Binance website. | Binance’s BUSD stablecoin has not always been fully collateralized: report

Crypto industry reacts to SEC’s lawsuit against Binance

The SEC sued Binance on Monday, amid mounting regulatory scrutiny of crypto exchanges. Industry experts shared insights on what this could mean for Binance and how it could drive crypto innovation out of the U.S.
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Japanese digital currency plan

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 building

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 hardware wallets

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?
Binance

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

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

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 and cryptocurrency investing concept - Physical metal Bitcoin coins with global trading exchange market price chart in the background

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.
G7 countries and crypto regulation concept

Why G7’s proposed crypto regulations will be bad for DeFi

FATF’s travel rule is looming over the crypto industry as an existential threat, writes Jack Jia of Unlimit. Here’s why it’s especially worrying to DeFi and self-custody wallet users.
Flag of Montenegro, Do Kwon | Montenegro court approves second bail request for Terra-Luna founder Do Kwon

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.
Set of cryptocurrencies with a golden bitcoin on the middle

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.
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Return of NFTs

Return of the NFTs?

NFTs reach new heights as May sees record-breaking transactions, hinting at widespread adoption.
Hong Kong building

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.
y00t. | NFT sales rise for first time in 7 months in November despite crypto price slump

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 crypto currency diagram

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%.
Image: ANA GranWhale NFT MarketPlace

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.
DeFi hacks, poor user experience, and a lack of a regulations

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.
Litecoin | Bitcoin dips under US$27,000, Ether falls, Litecoin leads winners, U.S. equities bounce back | Markets, BTC - Bitcoin, ETH - Ethereum, NFT - Non-Fungible Token, Inflation

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.
unnamed

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.
World cryptocurrency. Bitcoin in red neon light close-up. The financial system of the future

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.
btc mining

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.
DAO jigsaw puzzle

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 up, Ether down, most top 10 cryptos start recovery after SEC crackdown

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.
Angelina Kwan | Hong Kong to be digital assets regulatory sandbox for China, says former SFC regulator | Hong Kong, CHina, Regulation & Law, virtual asset service provider (VASP)

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.
3 different colored bitcoin digital currency on computer keyboard with blurred background of investing chart stock market trading in monitor, future financial currency concept

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 logo

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.
Eddie Yue, Chief Executive of the Hong Kong Monetary Authority (right), H.E. Khaled Mohamed Balama, Governor of the Central Bank of the United Arab Emirates (left) | UAE and Hong Kong central banks to collaborate on crypto regulation

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.
Bybit logo, Canada flag

Bybit crypto exchange follows Binance in exiting Canada amid tightened rules

Dubai-headquartered Bybit said it will exit the Canadian crypto market and stop accepting new accounts from Wednesday, citing a “recent regulatory development.”
Ripple coin | Bitcoin, Ether flat; XRP jumps; U.S. equity futures mixed ahead of debt ceiling vote | Markets, BTC- Bitcoin, ETH - Ethereum, XRP, NFT

Bitcoin, Ether flat; XRP jumps; U.S. equity futures mixed ahead of debt ceiling vote

Bitcoin traded flat on Wednesday morning in Asia, after briefly breaching US$28,000. Ether dipped while other top 10 non-stablecoin tokens traded mixed.
A scale signaling The Flippening by equally weighing Bitcoin and Ethereum

The Flippenings: Bear to Bull Market and Ethereum NFTs to Bitcoin Ordinals

China’s possible entry into NFTs, Russia’s crypto payments, and new token standards fuel market optimism.
A screenshot of Bitcoin Punks, on the Ordinals.Market NFT marketplace

Ethereum NFTs now transferable to Bitcoin

Ordinals’ BRC-721E token standard is set to introduce NFT transfers from Ethereum to Bitcoin through a burn and claim process.
Ethereum and Bitcoin crypto coins

XRP edges past Bitcoin, Ether with Tuesday’s largest gains

Bitcoin and Ether inched up during Tuesday afternoon trading hours in Hong Kong, while the rest of the top 10 non-stablecoin cryptocurrencies by market capitalization were mixed.
Bitcoin and crypto mining farm. Big data center.

U.S. congressman says crypto mining tax scrapped in debt ceiling deal

A proposed tax on electricity used by cryptocurrency miners in the U.S. has been scrapped in the deal to raise the country’s debt ceiling, according to Republican congressman Warren Davidson.
Bitcoins | Bitcoin, Ether dip; XRP rises; U.S. equity futures gain as debt ceiling worries fade | Markets, BTC - Bitcoin, ETH - Ethereum, XRP, NFT

Bitcoin, Ether dip; XRP rises; U.S. equity futures gain as debt ceiling worries fade

Bitcoin fell in Tuesday morning trading in Asia. Ether and most other top 10 non-stablecoin tokens also logged losses, while XRP gained.
NFT Financing

How NFT-financing can reshape the landscape of lending and borrowing

NFT-backed lending and borrowing can unlock liquidity and expand investment opportunities. Here are the best practices — and risks.
Hong Kong

Hong Kong Web3 industry forms new associations to push crypto hub ambition

Leaders in Hong Kong’s Web3 industry announced the formation of two new associations, Hong Kong Licensed Virtual Assets Association (HKLVAA) and Web3 Harbour, on Monday.
Singapore City Skyline

Singapore’s Temasek cuts employee compensation for failed FTX investment decision

Temasek, Singapore’s state-owned investment firm, said on Monday that it has cut the pay of senior management and the investment team involved in the decision to invest in the now-bankrupt FTX cryptocurrency exchange.
Bitcoins coins background. Crypto currency, bitcoin, BTC,

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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banking concepts

Why are so many VCs and startups flocking back to banks?

The collapse of Silicon Valley Bank and others led to predictions of big shifts away from centralized finance. James Wo examines why that hasn’t happened yet.
Beijing Municipal Science and Technology Commission released the Web 3.0 whitepaper at the Zhongguancun Forum on Saturday in Beijing. Image: Beijing Municipal Science and Technology Commission / WeChat

Beijing releases Web3 white paper, highlights challenges in talent, rules

Beijing’s local government on Saturday released a white paper outlining plans and challenges for development of the city’s Web 3.0 industry.
Bitcoin stack | Bitcoin back above US$28,000 as cryptos rebound on US debt ceiling talks | Markets, BTC - Bitcoin, ETH - Ethereum, Inflation

Bitcoin back above US$28,000 as cryptos rebound on positive debt ceiling talks

Bitcoin moved back above US$28,000 on Monday morning in Asia, leading a rally among all top 10 non-stablecoin tokens. Ether reclaimed the US$1,900 level.
Top view crypto currency Silver Bitcoin,Ethereum and blank mobile screen on dollar banknote on black table,Virtual digital money.mock up screen for display design

Bitcoin and Ethereum: Two titans battle for NFT supremacy

Unpacking the NFT disparity at Veecon & BTC Miami 2023: established ETH vs emerging BTC. CryptoSlam seeks to bridge the gap.
bitcoin on downtrend red candlestick graph background

Weekly Market Wrap: Bitcoin weighed down by debt ceiling uncertainty

Bitcoin traded above US$26,000 as the uncertainty around the U.S. debt ceiling negotiations caused global concerns over a potential governmental default. Crypto markets will stay muted until a deal is reached, Industry experts told Forkast.
Bitcoin on blue chart | Bitcoin drops on liquidity concerns, Ether dips; Polkadot leads winners; U.S. equity futures gain | Markets, BTC - Bitcoin, ETH - Ethereum, DOT - Polkadot, Inflation

Most top 10 cryptos up, despite looming fears of US default

Bitcoin and Ether rose during afternoon trading in Asia on Friday, along with most of the top 10 non-stablecoin cryptocurrencies by market capitalization, excluding the Solana and Tron tokens.
Brazilian money

Warren Buffet-backed Nubank, Visa, Mastercard to join Brazil’s CBDC pilot

Banco Central do Brasil, the central bank of Brazil, has selected 14 institutions to participate in the pilot run of the country’s central bank digital currency (CBDC) named Real Digital.
China Metaverse | China: Zhengzhou City proposes metaverse plan | China, Metaverse, blockchain

China: Zhengzhou City proposes metaverse plan

China’s Zhengzhou city issued a set of policy proposals Wednesday to support metaverse companies, including a 10 billion yuan (US$1.42 billion) metaverse fund.
Computer screen with Binance website | Binance launches NFT loan service amid Blend’s growing popularity

Binance launches NFT loan service to rival Blend

Binance Marketplace, Binance’s NFT trading platform, is launching a new service Friday where users can loan Ether by using NFTs as collateral.
Coinone logo and bribery image | South Korea: Former Coinone executive pleads guilty to bribery

South Korea: Former Coinone executive pleads guilty to bribery

A former executive at Coinone pleaded guilty on Thursday to accepting bribes in exchange for listing certain cryptocurrencies on the platform.
AI chip

Nvidia chip boom a boost for AI-related cryptos

The stock price boost for tech giant Nvidia on the back of an AI chip boom has sent AI-related cryptocurrencies on a surge.
Alien Worlds Community

Why GameFi is the future of the new player economy

Opinions about Web3 gaming remain divided, but it’s undeniable that NFTs and GameFi offer players big opportunities, writes Ramona Ciocea of Protokol.
Nvidia

AI-themed cryptos rise; NFT lenders duke it out; US debt talks continue

Surge of interest in AI chipmaker Nvidia extends to crypto, Binance and Blur vie for top NFT lender spot, while uncertainty abounds over U.S. debt talks.
In battle to be Asia crypto hub, which city will emerge victorious

In battle to be Asia’s crypto hub, which city will emerge victorious?

Top blockchain and crypto news: Asia’s crypto hub race. Is US debt ceiling fight a boon or a bane for crypto? China’s red carpet for metaverse investment.
Hong Kong flag with Bitcoin at the corner | Hong Kong’s new crypto regulation may lure Web3 firms back, experts say | Hong Kong, Web 3.0, Regulation & Law, virtual asset service providers (VASP), SFC - Securities and Futures Commission

Hong Kong is world’s most crypto-ready jurisdiction, new study claims

Hong Kong is the most crypto-ready jurisdiction in the world, based on the number of blockchain startups per 100,000 people and the number of crypto ATMs proportional to the population, according to a new study by forex education platform Forex Suggest. 
Coins with bitcoin symbol on red light and crypto stocks chart b

Top 10 cryptos decline, except Matic, as debt ceiling negotiations erode risk appetite

Bitcoin and Ether fell during afternoon trading in Asia, along with all other top 10 non-stablecoin cryptocurrencies by market capitalization, excluding Polygon’s Matic token. Most Asian equities declined while most U.S. stock futures strengthened, despite Fitch Ratings placing America’s AAA rating on a negative watch, citing rising concerns that the government could default on its […]
Inside South Korea's National Assembly | South Korea will require public officials to disclose crypto holdings from 2024

South Korea will require all public officials to disclose crypto holdings from 2024

South Korean lawmakers unanimously approved a new bill requiring public officials to disclose their crypto holdings to be implemented in December.
Flag of Hong Kong and China | Hong Kong’s new crypto rules covered by China state TV in rare move from Beijing | Hong Kong, China, Regulation & Law, virtual asset service provider (VASP), Cryptocurrency Assets

Hong Kong’s new crypto rules covered by China state TV in rare move from Beijing

Analysts say the move could signal a bull run in cryptocurrencies.
Terraform CEO Do Kwon’s bail revoked in Montenegro

Terraform CEO Do Kwon’s bail revoked in Montenegro

The high court of Montenegro’s capital city Podgorica has revoked its decision to grant bail to Terraform Labs chief executive officer Do Kwon.
cryptocurrencies

Bitcoin drops near US$26,000 amid U.S. debt uncertainties

All top 10 non-stablecoin cryptocurrencies fell, as investors assess macro sentiment.
Byodo-in temple, Japan.

Japan to implement anti-money laundering rules for crypto: report 

Japan will introduce strict anti-money laundering rules on cryptocurrency transactions from June 1, the Southeast Asian nation’s cabinet decided on Tuesday.
Toyota and Uniswap DAO webs

DAO communities – we need to talk about decentralization

Just how decentralized are today’s DAOs? When compared to the world’s largest transnational corporations, not so much, says Pat Rawson, co-founder of Web3 innovation network Curve Labs.
Human hand stacking generic coins over black background with hexagonal golden shapes. Concept of angel investor and investing in startup companies. Composite image between a hand photography and a 3D background.

Singapore’s OCBC Bank, ADDX exchange launches tokenized structure notes

OCBC Bank will offer tokenized equity-linked structured notes to accredited investors, in a partnership with private market exchange ADDX.
bitcoin on downtrend red candlestick graph background

Bitcoin drops below US$27,000, Dogecoin biggest loser

Bitcoin dropped 2.33% to US$26,671. Ether lost 2.15% but traded above US$1,800.
and
Nanjing City & Woman wearing VR gear | China Nanjing city launches metaverse organization | China, Metaverse, Web 3.0

China’s Nanjing city launches state-backed metaverse entity

China’s Nanjing City launched a state-backed organization on Monday to promote and enhance metaverse studies throughout the nation.
man with VR goggles making hand gestures | Only 4% of South Korea use the metaverse, survey reveals

Only 4% of South Koreans use metaverses, survey reveals

Only 4.2% of South Korean citizens have said that they regularly use metaverse services, a recent survey results show.
anti-money laundering in global standards

Crypto’s aversion to anti-money laundering standards is only hurting itself

For crypto to grow for the long term, the industry must show greater respect for global standards that combat crime, writes Slava Demchuk of AMLBot.
Several golden cryptocurrencies highlighting the Dogecoin coin with graphics in blue color

Bitcoin, Ether rise; Dogecoin falls despite record high transaction volume

Top 10 non-stablecoin cryptos traded mixed, while investors continue to assess U.S. debt talks.
A shot of VeeCon

VeeCon: Rekindling the NFT Community’s Fire

VeeCon 2023 NFT conference inspires and strengthens the market with community focus and innovation. Gary Vaynerchuk’s keynote resonates with fans worldwide.

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The Current Forkast

An unmissable weekly round up of the biggest stories in emerging tech from an Asian perspective, featuring commentary from Forkast Editor-in-Chief Angie Lau. Check out recent editions.