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Bitcoins stack up | Bitcoin reclaims US$30,000, Ether heads higher after SEC’s Gensler grilled, XRP leads winners | Markets, BTC - Bitcoin, ETH - Ethereum, Gary Gensler, SEC - Securities and Exchange Commission

Bitcoin reclaims US$30,000, Ether heads higher after grilling of SEC’s Gensler; Polkadot leads winners

Bitcoin rebounded above US$30,000 on Wednesday morning in Asia. All top 10 tokens rose after SEC chair Gary Gensler was criticized at a congressional hearing for his approach to digital assets.
stock and trading graph

The true cost of zero-fee crypto trading is anything but zero

Nothing in life is free. Be wary of crypto exchanges that offer ‘free trading,’ and ask hard questions about how they make money, writes Ben Caselin of MaskEX.
Politics will be Trojan Horse for NFTs

Politics will be Trojan Horse for NFTs

Former President Donald Trump’s NFT collection’s floor price may be dropping, but media coverage may extend his profits from the digital trading cards.
SEC Chair Gensler

SEC’s Gary Gensler dodges question on whether Ethereum is a security

SEC Chair Gary Gensler did not give a direct answer when asked whether Ether is a security or a commodity at a congressional oversight hearing on Tuesday. 
Former President Donald Trump Holds A Press Conference At Mar-a-Lago After Being Arraigned In New York

Trump announces more NFTs but the first collection’s price tanks

Former U.S. President Donald Trump has announced a second drop of his NFT trading cards, but the first collection’s price is sinking.
Bitcoin cryptocurrency gold coin. Trading on the cryptocurrency exchange.

Bitcoin slips, Ether inches above US$2,100

Bitcoin dropped on Tuesday afternoon in Asia but remained above US$29,000, while Ether and most top 10 non-stablecoin cryptocurrencies gained. Dogecoin and Solana fell on the day and rose on the week.
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Ethereum

Ethereum inflows slow following Shanghai upgrade, exchanges see Ether influx

CoinShares data showed Ethereum-linked products saw little investment interest with inflows of around US$300,000 in the week ending April 14, accounting for a tiny portion of the total US$114 million weekly inflow into digital assets and despite the blockchain’s milestone upgrade last week.
Bitcoin on red background | Bitcoin, Ether, other crypto fall as SEC waves big stick; Dogecoin gains; U.S. equity futures flat | Markets, BTC - Bitcoin, ETH - Ethereum, SEC - Securities and Exchange Commission, Gary Gensler

Bitcoin, Ether, other crypto fall as SEC waves big stick; Dogecoin gains; U.S. equity futures flat 

Bitcoin, Ether and most other top 10 non-stablecoin cryptocurrencies dipped Tuesday morning in Asia after the SEC sued crypto exchange Bittrex on Monday.
abstract Web3 technology concept

Why trustless oracles are vital to Web3’s future

What are ‘trustless oracles,’ and how will they shape the development of the metaverse and Web3? Markus Levin of XYO and XY Labs explains.
Central bank of the UK

Bank of England says stablecoins need limits on use to prevent financial instability

The Bank of England may set limits on use of stablecoins, citing concern rapid introduction of such digital currencies could lead to financial instability, Deputy Governor Jon Cunliffe said in a speech on Monday.
Do Kwon and Terra logo | South Korea’s investigation of Do Kwon ‘unfair’: Terraform Labs | do kwon terra, do kwon investigation, do kwon news, do kwon latest news

Do Kwon retained law firm in South Korea before Terra collapse: Bloomberg

The founder of Terraform Labs, Do Kwon, reportedly retained a law firm in South Korea before the April 14 wipeout in TerraUSD’s value, according to a Bloomberg report.
Bitcoin on Chinese currency

Bitcoin, Ether extend losses; Solana gains most in mixed market

Bitcoin dropped on Monday afternoon in Asia and continued to trade below US$30,000. Cardano led losers among top 10 non-stablecoin cryptocurrencies in a mixed market. Solana led gains, followed by Binance’s BNB token and memecoin Dogecoin.
Bittrex logo and U.S. flag | Bittrex crypto exchange shutters US operations due to regulatory uncertainty | bittrex, binance, kraken, paxos, sec, cftc, crypto regulation

Bittrex cryptocurrency exchange rejects U.S. SEC charges it offered unregistered securities

Seattle-based crypto exchange Bittrex Inc. has rejected charges by the U.S. Securities and Exchange Commission (SEC) that it and co-founder Bill Shihara operated an unregistered national securities exchange, broker and clearing agency. The SEC filed the charges on Monday. See related article: U.S.-based cryptocurrency exchange Bittrex lays off 83 employees Fast facts See related article: U.S. SEC […]
history book and blockchain network concept

How blockchain can counter fake news and preserve history

In this era of disinformation and deep fakes, what can blockchain technology do to safeguard the truth about humanity’s shared past?
U.S. Capitol building. Image: Envato Elements

U.S. House Financial Services Committee releases draft stablecoin bill for Wednesday hearing

The U.S. House Financial Services Committee is set to hold a hearing on April 19 to discuss a draft bill released over the weekend on regulating stablecoins, a class of digital currency designed to offer price stability by being pegged to another asset’s value.
DAO Tokyo logo, image of Tokyo Tower | East meets West at DAO Tokyo conference as Japan plays catch up | tokyo web3, crypto, decentralized autonomous organization, japan crypto

East meets West at DAO Tokyo conference as Japan plays catch up

The global culture of decentralized autonomous organizations arrived in Japan last week for DAO Tokyo, the first event of its kind in Asia according to the organizers, drawing over 350 founders and contributors from all corners of the world for discussions on all things DAO.
SEC commissioner Hester Peirce and cryptocurrencies | SEC ‘Crypto mom’ Hester Peirce attacks U.S. regulator’s new exchange definition

SEC ‘crypto mom’ Hester Peirce attacks U.S. regulator’s new exchange definition on DeFi

SEC member Hester Peirce has criticized the regulatory agency for its proposal that seeks to expand the definition of an “exchange” to DeFi platforms.
Bitcoin on U.S. dollars | Bitcoin dips under US$30,000; Ether takes a breather; Binance, Solana lead gainers | Markets, BTC - Bitcoin, ETH - Ethereum, SOL - Solana, Binance

Bitcoin dips under US$30,000; Ether takes a breather; Binance, Solana lead gainers

Bitcoin dipped below US$30,000 in early Monday morning trading in Asia. Ether stalled after strong gains that followed last week’s blockchain upgrade.
Bitcoin on green background | Bitcoin climbs above US$28,000, XRP leads winners for the week, U.S. equities jump | Markets, BTC -Bitcoin, ETH - Ethereum, Binance, SEC - Securities and Exchange Commission

Weekly Market Wrap: Bitcoin tests upper US$30,000, Ether rises past US$2,000 after Shanghai upgrade

Bitcoin moved within a couple of hundred dollars of the US$31,000 ceiling in trading later in the week as market sentiment improved after Ethereum’s successful upgrade to unlock staked Ether. The Ethereum token broke above US$2,000 on Friday. Weaker inflation readings out of the U.S. later in the week pushed recession worries off center stage and generated some demand for “risk-on” assets, including Bitcoin, with some crypto enthusiasts seeing US$32,000 as the next barrier to break.
Cryptocurrencies | Bitcoin rises to near US$31,000, Ether leads gains across top 10 cryptos | Markets, BTC - Bitcoin, ETH - Ethereum, Cardano, China

Bitcoin rises to near US$31,000, Ether leads gains across top 10 cryptos

Bitcoin continued its rally to near the US$31,000 mark in Friday afternoon trading in Asia. All other top 10 non-stablecoin cryptos gained, led by Ethereum.
Image: Kraken/Twitter

Kraken to withdraw US$1.17 bln of staked Ether in line with SEC ruling, settlement

As part of its February settlement with the Securities and Exchange Commission (SEC), the U.S.-based Kraken crypto exchange has submitted the largest Ether withdrawal request since Wednesday’s upgrade to the Ethereum blockchain. The SEC ordered Kraken to shut down what it called unregistered staking programs.
Ethereum and Bitcoin | Bitcoin heads higher, Ether breaches US$2,000, U.S. equities rally on weak inflation readings | Markets, China, BTC - Bitcoin, ETH - Ethereum, DOGE - Dogecoin

Bitcoin heads higher, Ether breaches US$2,000, U.S. equities rally on weak inflation readings

Bitcoin rose higher in the US$30,000 band on Friday morning in Asia amid strong gains among the top 10 non-stablecoin cryptocurrencies. Ether led the winners.
cyber security and crypto wallet phone app

Can crypto wallets be both accessible and hacker-proof?

Securing keys is an issue that has bedeviled the crypto world, as the $600M Ronin and $300M Wormhole heists have painfully shown. Is there a better way?
Physical representation of Cardano's ADA cryptocurrency propped on a sandy surface.

Cardano NFTs slump as users trade top-tier projects in favor of newer ones

Cardano NFT ecosystem sees a significant decline as users sell off top-tier projects for newer ones, according to Forkast CAR NFT Composite.
y00ts-group

Forkast NFT indexes reveal the hidden costs of y00ts, DeGods’ moves across blockchains

Forkast Labs’ NFT indexes reveal Polygon’s US$3 million incentive to move y00ts over to its blockchain may have cost its users.
Intruder gains access to secrets. Hacker hacking into the security system. Data leakage, industrial espionage. Crypto theft, computer viruses. Authentication. Electronic encryption key.

Hacker exploits old Yearn Finance contract, steals $11.6 mln in stablecoins

A hacker took advantage of an old contract from Yearn Finance on Thursday to steal US$11.6 million in stablecoins.
Elon Musk and physical representation of Bitcoin.

Musk’s Twitter partners with eToro to offer crypto and stocks to users

Twitter users will soon have access to stocks and cryptocurrency through a new partnership with eToro, a trading platform. 
Ethereum coin with stock graph background

Bitcoin inches up, remains above US$30,000; Ether gains after Shapella upgrade

Bitcoin and Ether rose during Asian trading hours on Thursday, along with all of the top 10 non-stablecoin cryptocurrencies by market capitalization. Ether rose the most, following the successful completion of the Shapella upgrade.
Binance CEO Changpeng Zhao spoke virtually at Hong Kong Web3 Festival on April 12. Image: Hong Kong Web3 Festival 2023

Binance chief says unclear crypto regulation ‘the worst’

Binance CEO Changpeng Zhao said regulators need to come up with clear crypto regulations and should understand that the crypto industry is different from the traditional financial industry.
Image: Ethereum Foundation

Ethereum Shanghai upgrade prompts Ether withdrawals, but no stampede for exits

Ether holders withdrew more than US$102 million worth of Ether in the first six hours after the Shanghai upgrade opened the door to cash out the staked token, though analysts see the amount as within expectations.
Hong Kong and China flags | Hong Kong’s ZA Bank starts offering crypto-fiat conversion services: Bloomberg | Hong Kong, China, Bank, OSL

Hong Kong’s ZA Bank starts offering crypto-fiat conversion services: Bloomberg

ZA Bank, the largest virtual bank in Hong Kong, has started offering cryptocurrency conversion services through licensed crypto exchanges.
photo illustration the FTX logo and mobile app adverts are displayed on screens

Bankrupt FTX recovers US$7.3 billion in assets, considers resurrection of operations

The failed FTX cryptocurrency exchange has recovered around US$7.3 billion in assets and is considering the option of restarting its business.
Bitcoin | Bitcoin fluctuates at US$30,000; Ether gains; Litecoin, XRP drop; U.S. equities fall on recession worries | Markets, BTC - Bitcoin, ETH - Ethereum, XRP, Ripple

Bitcoin fluctuates at US$30,000; Ether gains; Litecoin, XRP drop; U.S. equities fall on recession concern

Bitcoin dipped but held above US$30,000 in Thursday morning trading in Asia that saw mixed performances among the top 10 non-stablecoin cryptocurrencies.
limit sign with stock market chart marks

How decentralized limit orders can transform crypto trading

On-chain limit orders offer an alternative to centralized exchanges by improving transparency and security, writes Ramani Ramachandran of Dfyn. What are the drawbacks?
G7 flags

G7 plans to help developing countries introduce CBDCs

Japan’s top finance diplomat, Masato Kanda, announced on Tuesday that the G7 nations will work together to help developing countries introduce CBDCs in line with international standards. 
Gavel in front of American Flag

Crypto firms hardpressed to find U.S. bank partners as industry blames ‘Operation Choke Point 2.0’

NYDFS superintendent Harris called the idea of Operation Choke Point 2.0 “ludicrous,” but industry participants largely disagree. Was the shutdown of the three largest crypto-friendly institutions a coordinated effort to unbank crypto?
1

Ethereum rolls out Shapella upgrade amid worries over price pressures

Top blockchain and crypto news: Ethereum fork prompts price fall fears. Satoshi is found — in Apple software. Hong Kong ramps up Web3 plans.
Bitcoin cryptocurrency gold coin. Trading on the cryptocurrency exchange.

Bitcoin slips but remains above US$30,000 ahead of U.S. inflation data

Bitcoin slipped in Wednesday afternoon trade in Asia but remained above the US$30,000 mark. Ether prices sank, along with all top 10 non-stablecoin cryptocurrencies by market capitalization, with Cardano and Dogecoin as the biggest losers.
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Image: Bitmain/Twitter

China fines crypto mining rig giant Bitmain US$3.6 million for tax violations

China has fined Bitmain, one of the world’s biggest producers of cryptocurrency mining rigs, nearly US$3.6 million for alleged tax violations, according to the Beijing tax authorities.
Bitdeer's mining facility in Texas, U.S. Image: Bideer

Crypto miner Bitdeer to go public on Nasdaq via SPAC deal

Singapore-headquartered crypto mining firm Bitdeer Technologies is set to go public on Nasdaq on April 14 via a SPAC merger following multiple delays in closing the US$4 billion deal.
Tron founder Justin Sun | Debt, equity investment “on the table” for FTX rescue, Justin Sun says | justin sun, ftx, ftx tron, ftx news

Binance.US to delist TRX, price drops 5.4%

Binance.US, a unit cryptocurrency exchange Binance set up to serve U.S. customers, will delist the native token of the Tron blockchain, TRX, on April 18.
French President Emmanuel Macron at the G7 Summit at Schloss Elmau | France to develop local metaverses against global giants | france metaverse emmanuel macron china u.s.

France to develop local metaverses against global giants

The French government announced a public consultation on “virtual immersive universes,” or the metaverse.
Adam Sullivan

US crypto miner Core Scientific appoints new president amid bankruptcy

Adam Sullivan, whose most recent role was managing director of XMS Capital Partners, will will work on financial and strategic matters while assisting with the negotiation of a reorganization plan.
Bitcoin on blue background | Bitcoin maintains US$30,000, Solana jumps, U.S. equities trade mixed | Markets, BTC - Bitcoin, ETH - Ethereum, SOL - Solana

Bitcoin maintains US$30,000, Solana jumps, U.S. equities trade mixed

Bitcoin held above US$30,000 in Wednesday morning trading in Asia, while most other top 10 non-stablecoin cryptocurrencies moved higher.
NFT NYC event sign in New York

NFT.NYC is back to deliver the Woodstock of NFTs

The NFT industry is gathering at New York for NFT.NYC, but the overloading frequency of events could be causing “event fatigue.”
nick agus arya 5i3oyOrojvk unsplash 1 scaled

Equinix, Astra in pact to advance Indonesia’s digital infrastructure needs

Nasdaq-listed Equinix and Indonesian conglomerate Astra International have set up a joint venture to help local businesses and multinationals capitalize on emerging technologies.
India Finance Minister Nirmala Sitharaman (left) and Adam Posen, President of Peterson Institute for International Economics.

Common regulatory framework for crypto to come during India’s G20 presidency, finance minister says

A common regulatory framework for all countries is underway, India’s Finance Minister Nirmala Sitharaman said on Monday.
Close-up of a golden Bitcoin on a dark reflective surface and the histogram of decreasing crypto in the background

Bitcoin rises above US$30,000, Solana leads gains across top 10 cryptos

Bitcoin continued to rally past US$30,000, with Ether and all other top 10 non-stablecoin cryptocurrencies gaining in Tuesday afternoon trade in Asia. Solana was the biggest gainer at 11.09%.
and
Gyeongbok-gung of South Korea, Do Kwon and frozen graphic | South Korean prosecutors to freeze US$5.36 million of Do Kwon’s assets, some in Switzerland | terraform labs, terra luna, montenegro

South Korean prosecutors to freeze US$5.36 million of Do Kwon’s assets, some in Switzerland

Seoul Southern District Prosecutors’ Office is in the process of freezing 7.1 billion won worth of assets that belong to Terraform Labs CEO Do Kwon.
U.S. SEC building | U.S. SEC committee urges ‘aggressive enforcement’ on crypto, says virtually all tokens are securities | crypto, sec crypto regulation, gary gensler

U.S. SEC committee urges ‘aggressive enforcement’ on crypto, says most tokens are securities

The U.S. SEC Investor Advisory Committee urged the federal agency to continue its aggressive enforcement on crypto players that offer unregistered securities.
Hong Kong flag on "Web 3.0" | Ex-chief of HKMA heads Hong Kong’s new Web3 institute | Hong Kong, China, Web 3.0

Ex-chief of HKMA heads Hong Kong’s new Web3 institute

Hong Kong has established the Institute of Web 3.0 to facilitate the development of the crypto ecosystem in the city, directed by a former head of HKMA.
Ethereum

Ethereum blockchain upgrade unlocks US$34 billion in Ether, what does it mean for crypto prices?

The upcoming upgrade to the Ethereum blockchain will allow users to withdraw millions of “staked” Ether, the native cryptocurrency, for potential sale. That would typically indicate a flood of selling pressure awaits the token, but not everyone is buying that.
Bitcoin | Bitcoin pops above US$30,000, Ether jumps, Solana gains, U.S. equities trade mixed | Markets, BTC - Bitcoin, ETH - Ethereum, SOL - Solana, Forkast 500 NFT

Bitcoin pops above US$30,000, Ether jumps, Solana gains, U.S. equities trade mixed

Bitcoin surged above US$30,000 on Tuesday morning in Asia to the highest in about 11 months, leading a rally of all top 10 non-stablecoin cryptocurrencies.
network security and privacy system

The Web3 dilemma of data transparency vs. the need for user privacy — and a way to solve it

Storing personal information in a centralized place has been a honeypot for hackers, while decentralized identity allows for greater trust and data security, writes Caria Wei of Nuvo.
A screenshot of Bitcoin Punks, on the Ordinals.Market NFT marketplace

Bitcoin surpasses 1 mln Ordinals inscriptions

The Bitcoin Network has recorded over 1.05 million Ordinals inscriptions within the first three months since launch.
hacked-computer-binary-number-stream-blurred-conc-2022-08-01-04-12-45-utc

S. Korean exchange GDAC hacked, loses around 23% of its assets

South Korean exchange GDAC has suspended withdrawals and deposits after losing over US$13.1 million in Bitcoin, Ether, Wemix and USDT in a hack.
Overhead view of Bitcoin on digital tablet with graph by various crypto coins.

Bitcoin holds above US$28,000, Dogecoin rises most in top 10 cryptos

Bitcoin and Ether rose in Monday afternoon trade in Asia, along with most other top 10 non-stablecoin cryptocurrencies by market capitalization.
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crypto coins and trust puzzle piece

DeFi has a trust gap. What can rebuild its credibility?

Traditional institutions are testing crypto waters, but given last year’s market carnage, it’s not easy to gain their confidence, writes Simon Schaber of Spool.
Hong Kong flag and Bitcoins with urban background

Hong Kong financial secretary eyes Web3 push despite market fluctuations

Paul Chan said it is the right time for the city’s Web3 push ahead of Hong Kong’s busy week of blockchain and finance gatherings.
Untitled design 23

Bitget exchange starts US$100 mln fund to support ‘next-generation’ crypto projects

Bitget on Monday said it had launched a Web3 Fund with an initial investment of US$100 million to support development of cryptocurrency projects.
FTX founder Sam Bankman-Fried departed Manhattan Federal Court after a hearing on March 30, 2023, in New York City. Image: Getty Images

FTX’s lack of financial controls complicates bankruptcy asset recovery, says legal filing

Former executives of the bankrupt crypto exchange FTX failed to install appropriate financial controls in the company, complicating the asset recovery process, the restructuring team of the failed exchange said.
Bitcoin Mining graphic and Arkansas state flag | Arkansas joins Montana, Texas with bills on guidelines, protection for Bitcoin miners | bitcoin mining texas montana

Arkansas joins Montana, Texas with bills on guidelines, protection for Bitcoin miners

Arkansas has joined Montana and Texas this year in proposing legislation to offer legal protections to companies operating crypto mining sites.
Macro photo of bitcoin cryptocurrency in the dark close up | Bitcoin resumes rise, Ether gains ahead of upgrade, Dogecoin makes up some lost ground | crypto bitcoin ether shanghai hardfork

Bitcoin resumes rise, Ether gains ahead of upgrade, Dogecoin makes up some lost ground

Bitcoin resumed its rise above US$28,000 in Monday morning trading in Asia, a support level it has fluctuated around for most of April.
Thailand to offer tax breaks to companies issuing investment tokens

Thai opposition pledges US$15 bln in digital tokens: Bloomberg

Thailand’s main opposition party said it would distribute US$15 billion worth of digital tokens to citizens if it wins the general election
Blur OpenSea

Blur nemesis OpenSea releases OS Pro trading tools, Gemesis NFT

OpenSea has reignited the marketplace battle by introducing its own pro tool. What’s in it for NFT traders?
Solana logo, Solana becomes the hottest blockchain at the moment

Solana introduces ‘state compression’ to lower NFT storage costs

Solana has introduced a solution that aims to reduce on-chain storage costs for non-fungible tokens (NFT).  See related article: Solana NFT sales surge as traders farm for Tensor rewards Fast facts See related article: DeGods begins migration to Ethereum
Physical representation of a Bitcoin in front of a financial graph.

Weekly Market Wrap: Bitcoin stuck at US$28,000 amid signs of slowing economies

Bitcoin bounced around the US$28,000 mark as worries about bank failures were replaced by concerns about a recession in the U.S. Just for good measure, the IMF forecast the global economy will see its slowest growth in two decades.
Christine Lagarde, President of the European Central Bank

ECB’s Lagarde gets pranked, reveals digital euro will have ‘limited’ control

ECB President Christine Lagarde said the digital euro would have “limited control” in a prank call.
Stacked bitcoin cryptocurrencies and 100 dollar bills

Bitcoin trades under US$28,000, Dogecoin biggest loser

Bitcoin rose as Ether fell during Asian trading hours on Friday, with most of the top 10 non-stablecoin cryptocurrencies by market capitalization dropping. XRP rose the most, while Dogecoin was the biggest loser.
Do Kwon and person showing empty pocket | Local prosecutors say Terra-Luna’s Do Kwon has no identifiable assets in South Korea | do kwon, daniel shin, terra luna, terraform labs, montenegro

Local prosecutors say Terra-Luna’s Do Kwon has no identifiable assets in South Korea

The arrested crypto fugitive Kwon Do-hyung has “zero ” identifiable assets in his native South Korea, prosecutors said on Friday.
Web3 in enter key

Web3 is not all about ‘ownership’ — it’s so much more

Ownership is only one feature of Web3. The more important and defining characteristic is ‘verifiability,’ writes Jonathan Victor of Protocol Labs.
WASHINGTON - MARCH 23: The Washington Monument can be seen past the U.S. Treasury Department building March 23, 2009 in Washington, DC. Treasury Secretary Timothy Geithner revealed the Obama Administration's plan today to buy $75 to $100 billion of toxic assest off the books of banks with existing TARP funds so they can quickly and effectively return to normal lending. (Photo by Chip Somodevilla/Getty Images) | Bitcoin holds US$28,000 in choppy trading; Ether falls after US Treasury warns against DeFi risk

Bitcoin holds US$28,000 in choppy trading; Ether falls after US Treasury warns against DeFi risk

Bitcoin moved in a narrow range above the support line at US$28,000 in Friday morning trading in Asia, while most other top 10 crypto declined.

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