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Bitcoin. | U.S. Congress, not the SEC, will set cryptocurrency regulations, says Blockchain Association

U.S. Congress, not the SEC, will set cryptocurrency regulations, says Blockchain Association

The Blockchain Association Chief Policy Officer Jake Chervinsky said the U.S. Congress will ultimately set the laws in the country to govern the cryptocurrency industry and not the Securities and Exchange Commission
Binance CEO Changpeng Zhao. Image: Binance

Binance CEO says more non-USD stablecoins may emerge

The intensifying regulatory oversight in the U.S. is highlighting the increasing need for non-U.S. dollar-pegged stablecoins in the cryptocurrency industry, Binance Chief Executive Officer Changpeng Zhao said on Tuesday.  See related article: Be careful what you wish for? Regulators pick up pace in the crypto industry crackdown Fast facts See related article: SEC may make […]
SEC and cryptocurrencies | SEC may make it harder for hedge funds to work with crypto firms: Bloomberg | crypto news, hedge fund, paxos, coinbase, U.S. SEC

SEC may make it harder for hedge funds to work with crypto firms: Bloomberg

The U.S. Securities and Exchange Commission (SEC) plans to propose rule changes that would make it difficult for cryptocurrency firms to hold digital assets.
Bitcoin and U.S. cash. | Markets: Bitcoin, Ether, other major tokens rise despite hotter-than-expected CPI reading

Markets: Bitcoin, Ether, other major tokens rise despite hotter-than-expected CPI reading

Bitcoin rose in Wednesday morning trading in Asia to move back above US$22,000 as investors shrugged off a seeming U.S. regulatory crackdown on digital assets and data showing U.S. inflation for January was above forecasts.
Hong Kong hopes to raise US$102 mln from digital green bonds debut: Bloomberg

Hong Kong hopes to raise US$102 mln from digital green bonds debut: Bloomberg

The Hong Kong government is looking to raise US$102 million through the pilot issuance of its digital green bonds, according to a Monday report from Bloomberg. 
transport truck driving on the road, green meadow with blue sky

Truck industry as real-world crypto use case? How blockchain could replace system that leaves U.S. truckers out of pocket 

The current payment system relied on by truck drivers runs through third parties and adds costs to supply chains and consumers. Could blockchain tech provide an alternative, and would truckers trust it?
Golden bitcoin coins

Markets: Bitcoin, Ether drop; BNB biggest loser in top 10 cryptos

Bitcoin and Ether dropped in Tuesday afternoon trade in Asia, along with all other top 10 non-stablecoin cryptocurrencies by market capitalization. Binance’s native token BNB led the day’s decline across the top 10 cryptos.
U.S. Securities and Exchange Commission Chairman Gary Gensler. | Be careful what you wish for? Regulators pick up pace in the crypto industry crackdown

Be careful what you wish for? Regulators pick up pace in the crypto industry crackdown

Last year was memorable in the emerging world of digital assets for the sheer number of corporate failures. The industry itself has been asking for clearer legal guidelines to help development. Is that what’s happening now?
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pile of cryptocurrency coins under the word transparency

Why the crypto sector needs radical transparency in the post-FTX world

Self-custody is cumbersome and carries risks of seed phrases getting lost, but how can we ensure if a third-party custodian can be trusted?
BNB among pile of gold coins. | Markets: Bitcoin rises amid market jitters as Paxos stablecoin issuer next regulator target after Kraken clampdown

Markets: Bitcoin rises amid market jitters as Paxos stablecoin issuer next regulator target after Kraken clampdown

Bitcoin was the only top 10 non-stablecoin cryptocurrency to gain in Tuesday morning trading in Asia in a market unsettled by regulators in the U.S. targeting digital asset companies.
DBS Bank logo and Bitcoin, Ethereum and XRP cryptocurrencies

Singapore’s DBS bank plans to apply for crypto license in HK: report

Singapore’s DBS Group plans to apply for a license to offer crypto to Hong Kong customers as the city pushes to become a hub for digital assets.
Nirmala Sitharaman

India discussing crypto, regulation with G20, says finance minister

As India moves forward with its one-year presidency of the Group of 20 (G20), it is discussing cryptocurrency and regulation with the group’s members, India’s Finance Minister Nirmala Sitharaman said. 
American judge beats with the gavel and gives the sentence in the courtroom.Head of crypto, FX trading platform EminiFX pleads guilty to US$248 million of fraud charges

Head of crypto, FX trading platform EminiFX pleads guilty to US$248 million fraud charges

Mastermind of the EminiFX fraud has pleaded guilty to soliciting investments worth more than US$248 million from tens of thousands of investors, says US DOJ.
Close up of metal shiny bitcoin crypto currency coins on US dollar bills.

Markets: Bitcoin, Ether prices extend losses; Dogecoin sole gainer among top 10 cryptos

Bitcoin continued to trade below US$22,000 in Monday afternoon trading in Asia. All other top 10 non-stablecoin cryptocurrencies dropped except Dogecoin.
UAE / United Arab Emirates Flag with fine texture in angled view close-up

UAE central bank to issue CBDC, promote digital asset growth

The United Arab Emirates plans to launch a central bank digital currency (CBDC), among other initiatives, to become a financial and digital payment hub.
BUSD reserves consist of 60.5% US Treasury bills, 4.21% cash

Paxos ordered to stop issuing Binance USD stablecoin: report

Paxos Trust Company has been ordered by the New York Department of Financial Services (NYDFS) to stop issuing the U.S. dollar-pegged Binance USD (BUSD) stablecoin
Red Date Technology showcased BSN Spartan in Dubai in September. Image: BSN Twitter

China’s international blockchain BSN Spartan gets new push in Middle East, Africa

Red Date Technology, the developer of China’s state-backed blockchain infrastructure Blockchain-based Service Network, has partnered Dubai-based Singularity Innovations to offer blockchain infrastructure services in the Middle East and Africa, as the Chinese blockchain network continues to go global.
A Bitcoin logo, on a smartphone, held in someone's hand, in front of a busy road

What is the outlook for crypto in 2023 and beyond?

Tokenization, stablecoins and DeFi will be growth areas, but regulatory uncertainty is still holding back adoption, writes John Avery of FIS.
Coinbase CEO Brian Armstrong | Coinbase CEO says he will “happily defend” crypto staking service against claim it’s a securities product | coinbase, staking, crypto, u.s. sec, binance usd, busd, kraken

Coinbase CEO says he will “happily defend” crypto staking service against claim it’s a securities product

CEO Brian Armstrong said that the company will defend its staking services in court against claims that they need to be classified as securities.
bitcoin gold token and dollar bills | Markets: Bitcoin dips to US$23,500; Ether inches up, other top 10 cryptocurrencies mixed | bitcoin price today, bitcoin news, ether price today, ether news, apple earnings, amazon earnings, alphabet earnings, dogecoin, elon musk

Digital Currency Group plans restructuring to pay creditors of bankrupt Genesis unit

Digital Currency Group (DCG), the parent firm of failed crypto broker Genesis Global Capital, plans to transfer equity in another unit, Genesis Global Trading, to Genesis Global Holdco and eventually sell both companies to raise capital to pay back creditors.
Row of bitcoin miners set up on the wired shelfs

Bitcoin mining difficulty dips 0.5% over two weeks after hitting record high

Bitcoin’s mining difficulty level edged down 0.5% in the two weeks through Sunday after hitting an all-time high in the previous adjustment, according to data from BTC.com.
busd and US SEC logo | Securities and Exchange Commission may sue BUSD stablecoin issuer Paxos, WSJ reports | paxos, kraken, coinbase, us sec, binance stablecoin, binance usd

Securities and Exchange Commission may sue BUSD stablecoin issuer Paxos, WSJ reports

The U.S. SEC may sue the Paxos Trust Company for allegedly violating investor protection laws in its issue of the Binance USD (BUSD) stablecoin.
Bitcoin. | Markets: Bitcoin treads water under US$22,000 following SEC action on Kraken, Ether falls

Markets: Bitcoin treads water under US$22,000 following SEC action on Kraken, Ether falls

Bitcoin was little changed in Monday morning trading in Asia in a mixed morning for the top 10 non-stablecoin cryptocurrencies by market capitalization.
Huobi logo, Justin Sun photo

Huobi to expand in Hong Kong as it bets on China

Huobi Global plans to expand its operations in Hong Kong, anticipating that Mainland China will soon follow the city’s recent pro-crypto shift, says Justin Sun.
Paxos Brand Logo

Stablecoin issuer Paxos probed by New York regulator

Paxos Trust, the issuer of Binance’s BUSD stablecoin, is reportedly being investigated by the New York State Department of Financial Services (NYDFS).
Bitcoin with a bar graph and an arrow showing upward trend

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?
A scale signaling The Flippening by equally weighing Bitcoin and Ethereum

Markets: Bitcoin, Ether fall along with top 10 cryptos; SOL biggest loser

Bitcoin and Ether fell during Asian trading hours on Friday, along with the rest of the top 10 non-stablecoin cryptocurrencies by market capitalization. Solana’s native token notched the biggest loss, following rumors of a potential ban on crypto staking for retail investors in the U.S.
SEC Commissioner Hester Peirce (left), SEC Chair Gary Gensler. Images: SEC, Getty Images

A house divided? SEC Commissioner Peirce attacks agency’s fines against Kraken exchange

Hester Peirce said using enforcement action to dictate law in an emerging industry is the act of a “lazy” regulator, after the SEC fined the U.S.-based Kraken crypto exchange for failing to register staking programs.
China emblem and word "blockchain" | China to set up national blockchain technology research center in Beijing | China, blockchain, DLT-Distributed Ledger Technology

China to set up national blockchain technology research center in Beijing

China has given the go-ahead to set up the National Blockchain Technology Innovation Centre in Beijing to run blockchain research and development, according to local media.
stock market showing downward trajectory with dice implying risks

Lessons from FTX: crypto investment risks and how to avoid them

The recent spate of crypto exchanges freezing customer accounts should be a wake-up call to investors everywhere. What can you do to better protect yourself?
Set of cryptocurrencies

Markets: Bitcoin slumps in broad sell off amid SEC charges against Kraken, regulation worries

Bitcoin sank below US$22,000 on Thursday morning in Asia after the U.S. SEC slapped a fine on the Kraken exchange, sparking concerns that regulators are set to take a tougher line on crypto trading.
Jury sides with fashion giant Hermès in MetaBirkins NFT case

Jury sides with fashion giant Hermès in MetaBirkins NFT case

Luxury fashion house Hermès International won its lawsuit against NFT artist Mason Rothschild on Wednesday for violating its Hermès’ Birkin trademark.
Pile of golden bitcoin tokens laid out

Markets: Bitcoin, Ether fall; Matic sees biggest gain as top 10 cryptos decline

Bitcoin and Ether fell during Asian trading hours on Thursday, along with the rest of the top 10 non-stablecoin cryptocurrencies by market capitalization, with Polygon’s Matic posting the biggest gains.
Baidu logo on a robotic hand | China tech giant Baidu reveals AI chatbot to rival ChatGPT | Artificial Intelligence (AI), China

China tech giant Baidu reveals AI chatbot to rival ChatGPT

The AI chat bot party is heating up in China, with Baidu revealing its ChatGPT rival – ERNIE Bot.
Data Centre. | Blockchain developers have taken a decentralized interest in cloud storage – will it shake up the industry?

Blockchain developers have taken a decentralized interest in cloud storage – will it shake up the industry?

Blockchain developers want a piece of the multi-billion dollar cloud computing pie. Do current heavyweights in the industry – Amazon, Google and Microsoft – have cause for concern?
Coinbase Global Inc. cheif executive officer Brian Armstrong. | Title

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.
Robinhood

Robinhood aims to buy-back its shares seized by Department of Justice in FTX failure

Robinhood Markets Inc., the U.S.-based financial services company, aims to purchase the 55 million of its shares that FTX-linked Emergent Fidelity Technologies bought in May 2022, according to its earnings report released Wednesday.
holographic technology with the inscription CBDC; good or bad checklist

CBDCs are coming. Here’s why you should worry

Governments are pushing central bank digital currencies to exert more control over macro policy, writes Josef Tětek of Trezor. But your money and privacy are also at stake.
Bitcoin and U.S. Cash. | Markets: Bitcoin falls under US$23,000 as Fed says inflation remains stubborn. Most top 10 crypto decline

Markets: Bitcoin falls under US$23,000 as Fed says inflation remains stubborn. Most top 10 crypto decline

Bitcoin slipped back below US$23,000 on Thursday morning in Asia, tracking the fall in U.S. equity markets overnight amid comments from Federal Reserve officials that the fight to curb inflation is far from over.
Alameda wallets activate, transfers millions in FTT tokens

Alameda wallets activate, transfer millions in FTT tokens 

Wallets linked to Alameda Research became active over the past week, transferring millions worth of FTX’s native token, FTT, according to Arkham Intelligence. 
Close up of metal shiny bitcoin crypto currency coins on US dollar bills.

Markets: Bitcoin, Ether extend gains; Polygon leads top 10 cryptos

Bitcoin and Ethereum extended gains on Wednesday afternoon in Asia along with all other top 10 non-stablecoin cryptocurrencies by market capitalization.
Binance makes Korea comeback with GOPAX acquisition

Binance makes Korea comeback with GOPAX acquisition

Top blockchain and crypto news: GOPAX deal sees Binance return to South Korea. Inflation fight spooks crypto markets. Chinese liquor giant gives cheers to NFTs.
GLEO on the website of Shucangbao | Beijing’s football club launches NFTs ahead of its virtual stadium launch | China, NFT - Non-fungible Token, Metaverse, sports

Beijing football club launches NFTs ahead of its virtual stadium launch

China’s Beijing Guoan Football Club has launched its first NFT collection, while building a virtual replica of its stadium.
Do Kwon and flags of South Korea and Serbia | South Korea prosecutors say Serbia ready to help fraud investigation into Terra’s Do Kwon | do kwon, south korea, stablekwon, terra luna

South Korea prosecutors say Serbia ready to help fraud investigation into Terra’s Do Kwon

Prosecutors flew to Serbia earlier this month as part of an investigation into Terraform Labs chief Do Kwon, who faces fraud accusations related to the US$40 billion collapse of his Terra-Luna cryptocurrency project in May last year.
China NFT

Beijing regulator warns about NFT speculation, illegal fundraising. Crackdown coming?

Beijing’s market regulator warned that projects marketed in the country as non-fungible tokens or with metaverse-related concepts risk being involved in illegal fundraising or fraudulent activities.
Bitcoins sitting on a pile of U.S. cash. | Markets: Bitcoin rises above US$23,000 as Fed says “disinflation” started. All top 10 tokens gain.

Markets: Bitcoin rises above US$23,000 as Fed says ‘disinflation’ started. All top 10 tokens gain

Bitcoin traded back above US$23,000 on Wednesday morning in Asia after U.S. Federal Reserve Chairman Jerome Powell overnight said the “disinflationary process” has started in the economy.
Digital Currency Group sells holdings in Grayscale at a discount to pay creditors: Financial Times

DCG to sell Grayscale holdings at a discount to pay creditors: report

Digital Currency Group has started to sell shares of its cryptocurrency funds at a significant discount, according to a Tuesday report from the Financial Times.
Gemini Falling stars

Gemini agrees to put US$100 mln to Earn asset recovery efforts

Gemini has agreed to put up US$100 million to the asset recovery of Earn users as part of bankrupt crypto lender Genesis Capital’s in-principle agreement with parent firm DCG and other creditors.
Gold bitcoin on hundred dollar bills

Markets: Bitcoin rises as Polygon gains most in top 10 cryptos

Bitcoin prices gained in Tuesday afternoon trading in Asia while Ethereum dropped with most other top 10 non-stablecoin cryptocurrencies by market capitalization.
Digitalization of a futuristic artificial intelligence. Colorful visualization of machine learning, computer technology concept.

JPMorgan report shows institutional trader interest shifting to AI from blockchain after crypto slump

Nearly three out of four institutional traders surveyed “have no plans to trade crypto,” while most see Artificial Intelligence as the next big disrupter.
BAYC. | Yuga Labs says it wins first Bored Ape trademark lawsuit against RR/BAYC project

Yuga Labs says it won first Bored Ape trademark lawsuit against RR/BAYC project

Yuga Labs, the company behind the leading non-fungible token (NFT) project, Bored Ape Yacht Club (BAYC), won a settlement on Monday in a trademark infringement lawsuit against Thomas Lehman, a collaborator in the controversial RR/BAYC project headed by artist Ryder Ripps.
Korean drama Crash Landing on You. Image: Studio Dragon

NFTs inspired by K-drama Crash Landing on You coming from Crypto.com, Studio Dragon

Singapore-based cryptocurrency exchange Crypto.com has partnered with Korean drama distributor Studio Dragon to issue NFTs inspired by popular Korean drama series, including the hit Crash Landing on You, the exchange said on Monday.
plants growing on a light bulb showing renewable energy sources concept and a globe with words "blockchain technology"

How regenerative finance can ease climate change and boost the bottom line

Renewable energy is plagued by financing difficulties, but blockchain technology can bridge the sector’s funding gaps, writes Brianna Welsh of Reneum.
Binance CEO Changpeng Zhao | Binance suspends international U.S. dollar transfers, CEO indicates issues with banks | binance, changpeng zhao, binance cz, cz

Binance suspends international U.S. dollar transfers, CEO indicates issues with banks

Binance, the world’s largest crypto exchange, will suspend all deposits and withdrawals of U.S. dollars at its international exchanges from Feb. 8.
Stack of gold Bitcoins on a red background. | Markets: Bitcoin, Ether fall with bearish U.S. equities, but Bitcoin long bets hit new high

Markets: Bitcoin, Ether fall with bearish U.S. equities, but Bitcoin long bets jump

Bitcoin and Ether dipped in Tuesday morning trading in Asia along with all other top 10 non-stablecoin cryptocurrencies as Wall Street fell overnight on concern the Fed may crank up interest rates for longer than expected.
bitcoin and piles of bitcoins

Markets: Bitcoin, Ether extend losses: Solana, Polygon biggest losers

Bitcoin and Ethereum prices dropped in afternoon trading on Monday in Asia, along with all other top 10 non-stablecoin cryptocurrencies by market capitalization. Bitcoin continued trading under US$23,000, while Solana and Polygon led losses. 
Wine bottle beneath words "NFT" | Chinese liquor giant Moutai unveils NFTs linked to liquor bottles | China, NFT-Non-fungible Token, tokenization

Chinese liquor giant Moutai unveils NFTs linked to liquor bottles

Moutai launched NFTs that gives owners to purchase limited edition liquor.
Juan Benet, chief executive officer of Protocol Labs. Image: Protocol Labs' Twitter account

Filecoin developer Protocol Labs cuts 21% staff amid ‘crypto winter’

Crypto layoffs last month matching 41% of the total industry job cuts in 2022, a new study finds.
Former FTX chief executive, Sam Bankman-Fried. | FTX threatens legal action to get back political, charity donations made by bankrupt company

Bankrupt FTX threatens legal action to claw back donations to politicians, charities

The move marks a shift in tone from December when recipients of FTX donations were requested to “voluntarily” return the funds.
financial technology and cryptocurrency abstract concepts

What is CeDeFi, and why it is the future of finance

CeDeFi offers the benefits of CeFi and DeFi without their shortcomings, writes Alexander Tkachenko of VNX. Here’s how it works.
people inside South Korean subway train in Seoul | South Korea issues guideline on cryptocurrencies as securities tokens ahead of planned legalization | south korea sto security token securities token

South Korea issues guideline on cryptocurrencies as securities tokens ahead of planned legalization

South Korea published guidelines on Monday for defining what specific cryptocurrencies would fall under regulations applicable to financial securities.
Bitcoins sitting on top of U.S. cash. | Markets: Bitcoin falls below US$23,000, Ether drops as crypto market follows equities lower

Markets: Bitcoin falls below US$23,000, Ether drops as crypto market follows equities lower

Bitcoin traded below US$23,000 on Monday morning in Asia, tracking a decline in U.S. equities as unexpectedly strong job growth numbers on Friday raised concerns markets may face more interest rate hikes to slow the economy and inflation.
wazirx

Binance tells Indian crypto exchange WazirX to remove funds from its platform as feud escalates

Binance has stopped providing wallet services to Indian crypto exchange WazirX, asking it to withdraw any remaining assets held in Binance wallets by Feb. 3.
Bitcoin coins on keyboard computer with trading exchange graph

Weekly Market Wrap: Bitcoin breaches US$23,000 in best monthly performance since October 2021

Bitcoin climbed more than 39% in January to break through the US$23,000 resistance ceiling in its best monthly performance since October 2021. Can the world’s first and biggest cryptocurrency maintain the upward momentum? Industry commentators share their views with Forkast.
binance gopax logo, dark South Korean flag in the back | Binance declines comment on speculation it may buy South Korean crypto exchange GOPAX | binance gopax south korea changpeng zhao cz binance

Binance re-enters S. Korea through GOPAX equity purchase: report

Binance has returned to South Korea after a two-year break by acquiring a majority stake in the local cryptocurrency exchange GOPAX, Bloomberg reported Friday.
Red Fort (Lal Qila). Delhi, India

India working with IMF, FSB on crypto regulations, says economic affairs secretary

India, the current holder of the G20 presidency, has been working with the IMF and the Financial Stability Board FSB to develop a regulatory approach for cryptocurrencies.
AI chip

Crypto exchange PayBito begins to integrate ChatGPT into its platform

Cryptocurrency exchange PayBito announced its plans to integrate ChatGPT, an artificial intelligence (AI) chatbot developed by research firm OpenAI, on Friday.
Pile of golden bitcoin tokens laid out

Markets: Bitcoin and Ether down, Polkadot biggest winner among top 10 cryptos

Bitcoin and Ether fell during Asian trading hours on Friday, along with the rest of the top 10 non-stablecoin cryptocurrencies by market capitalization, with Polkadot’s DOT posting the biggest gains.
Bicoin on China's flag | China should reconsider its ban on cryptocurrencies, says former central bank official | China, China crypto ban, cryptocurrency trading, digital yuan

China should reconsider its ban on cryptocurrencies, says former central bank official

China’s blanket ban on cryptocurrency trading can have the country miss critical opportunities for technological development, says former PBOC official.
Japan flag in front of blockchain backdrop, Japan Prime Minister Fumio Kishida | Prime Minister Fumio Kishida says NFTs and DAOs can bolster ‘Cool Japan’ strategy | japan web3, japan news, japan crypto, japan nft, japan metaverse, fumio kishida, japan dao, cool japan, japan news today

Prime Minister Fumio Kishida says NFTs and DAOs can bolster ‘Cool Japan’ strategy

NFTs and DAOs can help support Japan’s national strategy dubbed ‘Cool Japan’ to attract investment and expand the economy.
silvergate logo

Silvergate probed by US prosecutors over FTX, Alameda accounts: Bloomberg

U.S. prosecutors are investigating California-based cryptocurrency bank Silvergate Capital Corp. for how it handled accounts tied to now-bankrupt crypto exchange FTX and its brokerage arm Alameda Research, Bloomberg reported on Thursday, citing sources familiar with the matter.
concept of DeFi and blockchain

Why DeFi remains niche and what might get it out of its market rut

DeFi is still a Wild West, and many would-be users are wary of its lawlessness and anonymity. Could decentralized IDs foster greater trust and growth in the sector?

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