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US chip giant Intel abandons Bitcoin ASIC production
Intel has announced it would shut down its Bitcoin mining chip production a year after launch.
Bitcoin gains, holds above US$30,000; Solana, BNB biggest losers in top 10 cryptos
Bitcoin rose and traded above US$30,000 on Wednesday afternoon in Asia, while Ether fell along with most top 10 non-stablecoin cryptocurrencies by market capitalization. Solana lost the most, followed by Binance’s BNB token.
U.K. could push out crypto regulation within a year: lawmaker Andrew Griffith
The U.K. could see digital asset regulation in the next 12 months as part of a push to turn the nation into a hub for digital assets, said economic secretary to the Treasury, Andrew Griffith
Bitcoin to peak at US$42,000 in 2023, end the year above US$35,000: Finder survey
Bitcoin is expected to hit a high of US$42,225 in 2023 and close the year around US$35,485, according to a survey by Finder.
United Arab Emirates opens licensing applications for cryptocurrency companies
UAE’s Securities and Commodities Authority said Monday it has started accepting applications for operating licenses from cryptocurrency businesses.
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.
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
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’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.
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 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.
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, 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.
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.
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 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, 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 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 […]
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. 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.
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 ‘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 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.
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.
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.
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.
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.
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?
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.
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.
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.
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.
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 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.
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’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.
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 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.
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 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.
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?
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 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.
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.
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.
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.
France to develop local metaverses against global giants
The French government announced a public consultation on “virtual immersive universes,” or the metaverse.
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 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 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.”
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.
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.
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%.
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 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.
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 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 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.
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.
Bitcoin surpasses 1 mln Ordinals inscriptions
The Bitcoin Network has recorded over 1.05 million Ordinals inscriptions within the first three months since launch.
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.
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.
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 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.
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’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.
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.
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.
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 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 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
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.