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Stacks of Bitcoins sitting on a black desk next to U.S. cash. | Markets: Bitcoin, Ether drop as SEC’s Gensler says crypto firms running out of time to comply with securities laws

Markets: Bitcoin, Ether drop as SEC’s Gensler says crypto firms running out of time to comply with securities laws

Bitcoin fell below US$17,000 in Thursday morning trading in Asia. The other top 10 non-stablecoin cryptocurrencies also retreated.
Nearly half of Tether reserves are now in US Treasury bills

Tether launches offshore yuan-pegged stablecoin on Tron

Tether, the world’s largest stablecoin provider, will include the CNHT stablecoin on Justin Sun’s Tron network.
wemade in black and storm backdrop | S.Korea court dismisses Wemade’s injunction, local exchanges to delist WEMIX | wemade, wemix, south korea

S.Korea court dismisses Wemade’s injunction, local exchanges to delist WEMIX

A Seoul court has dismissed the injunction filed by Wemade Co. Ltd. to stop four local digital asset exchanges from delisting WEMIX cryptocurrency
FTX SBF AAX NFT China

AAX’s future in doubt amid staff exodus and FTX contagion

Top blockchain and crypto news: AAX teeters on the brink. SBF hints at Congressional hearing no-show. Chinese court boosts NFT legitimacy.
3AC founders moved money out of troubled hedge fund, allege liquidators

Judge approves subpoenas for 3AC cofounders 

A federal judge overseeing the bankruptcy proceedings of Three Arrows Capital (3AC) has approved the delivery of subpoenas to 3AC’s cofounders, Su Zhu and Kyle Davies.
Dogecoin price prediction for 2022 set lower than February peak

Markets: Bitcoin, Ether weaken; Dogecoin leads slump across top 10 cryptos

Bitcoin and Ether fell in Asian trading on Wednesday afternoon, with Dogecoin leading declines across top 10 non-stablecoin cryptocurrencies
Mark Cohen. Image: Cohen & Gresser

Sam Bankman-Fried hires attorney Mark Cohen amid probes of failed FTX exchange

Sam Bankman-Fried, founder and former chief executive officer of the bankrupt cryptocurrency exchange FTX, has hired white-collar crime specialist Mark Cohen to represent him, said a Bankman-Fried spokesman.

Markets: Bitcoin, Ether rise in slow trading, Solana gains on Web3 game partnership

Bitcoin edged up above US$17,000 in Wednesday morning trading, a level it has fluctuated around for much of the past week.
Bitcoin

Unfazed by FTX fiasco, Goldman Sachs eyes investments in crypto market

Goldman Sachs plans to spend millions of dollars to buy or invest in undervalued crypto companies in the post-FTX implosion market depression, as it sees long-term market opportunity, according to Reuters

Hong Kong’s race to launch first crypto-linked ETF begins

Three Hong Kong-based asset management firms have applied for exchange-traded funds (ETFs) tracking Bitcoin and Ethereum futures for retail investors.
Nexo trading platform

Crypto lender Nexo to quit U.S. market over ‘regulatory unclarity’

Cryptocurrency lender Nexo will pull out of the U.S. market “due to a lack of regulatory clarity.”
Polkadot is the top crypto held by VCs and hedge funds in Q4 2021

Markets: Bitcoin, Ether fall; Polkadot is biggest loser in top 10 cryptos

Bitcoin and Ether declined in Asian trading on Tuesday afternoon. All other top 10 non-stablecoin cryptocurrencies retreated, with the largest decline seen in Polkadot
Celsius repays over US$113 mln in debt; recovers US$122 mln in collateral

Bankrupt crypto lender Celsius gets court approval for extension to file restructuring plan

Cryptocurrency lender Celsius Network has received approval from the bankruptcy court of the Southern District of New York to extend the deadline to submit a restructuring plan
Bitcoin mining hardware. Image: Getty Images

Bitcoin mining difficulty drops more than 7% as cash crunch hits miners

Miners face a liquidity crunch as cryptocurrency prices slide, with the world’s largest publicly-listed miner, Core Scientific, saying it may run down its cash reserves by the end of this year.
Seoul Cityscape | S.Korea central bank puts hand up to regulate stablecoins | bank of korea, stablecoin, south korea, terra luna, crypto regulation

S.Korea central bank puts hand up to regulate stablecoins

The Bank of Korea (BOK) claimed it needs the authority to monitor and supervise stablecoins, according to the South Korean central bank’s report published on Monday.
bitcoin and korean won coins | Majority of ‘wealthy’ South Koreans say no plan to invest in crypto, cite lack of trust | south korea bitcoin crypto investment

Majority of ‘wealthy’ South Koreans say no plan to invest in crypto, cite lack of trust

The majority (58.3%) of South Koreans with assets of 1 billion Korean won (US$760,000) said they don’t plan to invest in cryptocurrencies.
Former FTX.com CEO Sam Bankman-Fried. | Bankman-Fried alleges new FTX CEO’s testimony is “false”

Bankman-Fried claims new FTX CEO’s testimony is ‘false’

Sam Bankman-Fried, the founder of the bankrupt cryptocurrency exchange FTX.com, alleged in an interview released on Monday that John J. Ray III, the new chief executive of the firm, has made statements that Bankman-Fried knows to be “false.”
DeFi word and gold coins

DeFi regulation: it’s not a matter of if, but when

The push to regulate DeFi is stronger than ever, and the sector would be wise not to fight but participate in that inevitability, writes Michael Shing of XREX.
Bitcoin and money sitting on a table. | Markets: Bitcoin, crypto top 10 retreat with equities on signs of inflation uptick in U.S.

Markets: Bitcoin, crypto top 10 retreat with equities on signs of inflation uptick in U.S.

Bitcoin dipped below US$17,000 in Tuesday morning trading in Asia, as Ether and most other top 10 non-stablecoin cryptocurrencies lost ground.
china

NFTs ruled virtual property in China, its sales protected by law

The Hangzhou Internet Court has ruled that non-fungible tokens (NFT) are virtual properties protected by law, according to the court’s summary of a recent case posted on its official Wechat account on Nov. 29. See related article: China’s diktat against NFT trading spawns an ingenious industry  Fast facts See related article: Tencent’s Huanhe allows NFT […]
dogecoin litecoin etheteum and bitcoin PS98VLU 4 scaled

Markets: Bitcoin, Ether rally; Litecoin sees most gains across top 10 cryptos

Bitcoin and Ether rose in Asian trading on Monday afternoon. Most other top 10 non-stablecoin cryptocurrencies strengthened, led by gains in Litecoin
man holding phone with FTX logo; downfall of FTT token shown on graph

Will the next wave of FTX victims be unwitting tax cheats?

When a crypto exchange fails, will your transaction records vanish, too? Here’s why investors should take responsibility over their own trading data.
daniel shin and seoul southern prosecutors office | S.Korean prosecutors mull second bid at arrest warrant for Terra cofounder Daniel Shin after judge dismisses first request | do kwon news, terraform labs, terra luna news

S.Korean prosecutors mull second request of arrest warrant for Terra cofounder Daniel Shin

Seoul judge dismisses prosecutors’ request for arrest warrant for Terra’s Daniel Shin, derails their plan to investigate Shin in custody
a swallow flies above the water. | Australia crypto exchange Swyftx cuts 40% of jobs amid fallout from FTX collapse

Australian crypto exchange Swyftx cuts 40% of jobs amid fallout from FTX collapse

Australian cryptocurrency exchange Swyftx cut 90 staff members — or 40% of its workforce — to prepare for a “worst-case scenario” in the market from the collapse of FTX.com.
Coinbase Global Inc. cheif executive officer Brian Armstrong. | Title

Coinbase CEO Armstrong says Bankman-Fried’s US$8 bln ‘accounting error’ doesn’t stand up

Coinbase Global Inc. Chief Executive Brian Armstrong said Sam Bankman-Fried’s explanation of sloppy accounting as the reason US$8 billion moved from his crypto exchange FTX to brokerage arm Alameda Research doesn’t stand up to scrutiny.
FTX founder Sam Bankman-Fried spoke virtually at the New York Times DealBook Summit on Nov. 30 in New York City. Image: Getty Images

Sam Bankman-Fried ‘not sure’ if he will testify before Congress on Dec. 13

Sam Bankman-Fried, founder and former chief executive officer of failed cryptocurrency exchange FTX, tweeted on Monday morning Hong Kong time that he may not testify before the U.S. Congress on Dec. 13.
wemix graphic | Binance Custody in talks with Wemade’s WEMIX cryptocurrency | wemade wemix henry chang binance custody

Wemade in talks with Binance for custody of WEMIX cryptocurrency

Wemade Co. Ltd. said its in talks to have Binance Institutional Services take custody of its native cryptocurrency, WEMIX.
Bybit BTC ETH XRP

Crypto exchange Bybit to cut 30% of staff to ‘navigate market slowdown’

Cryptocurrency exchange Bybit plans to cut 30% of its staff as part of a company reorganization, cofounder and chief executive officer Ben Zhou said in a statement shared with Forkast on Sunday.
Many golden Bitcoins in a pile. | Markets: Bitcoin back above US$17,000, Ether gains along with other top 10 crypto

Markets: Bitcoin back above US$17,000, Ether gains along with other top 10 crypto

Bitcoin traded above US$17,000 Monday morning in Asia, with all the top 10 non-stablecoin cryptocurrencies by market cap gaining ground.
AAX, alarm clock

Hong Kong crypto exchange AAX has lost most staff, unlikely to reopen, says former executive

The exchange has gone silent since pausing withdrawals and liquidating all futures positions, with users fearing a repeat of the FTX collapse.
ankrrr

DeFi protocol Ankr to buy US$5 mln of BNB to cover funds lost in exploit

Decentralized finance (DeFi) protocol Ankr will buy US$5 million worth of BNB – the token of cryptocurrency exchange Binance – to compensate liquidity providers affected by Friday’s exploit
Golden dogecoin coin. Cryptocurrency dogecoin. Doge cryptocurrency. | Markets: Bitcoin, Ether prices fall; Dogecoin, Shiba Inu bull run continues; BNB gains | bitcoin, eth, dogecoin, shiba inu, bnb, xrp

Markets: Bitcoin, Ether slip; Dogecoin leads decline across most top 10 cryptos

Bitcoin and Ether fell in Asian trading on Thursday afternoon, with other top 10 non-stablecoin cryptocurrencies also mostly down
y00t. | NFT sales rise for first time in 7 months in November despite crypto price slump

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

NFT investors seemingly see opportunities in a month full of surprises and headwinds for the broader cryptocurrency market.
singapore2

MetaComp becomes the latest crypto exchange to receive Singapore license

Singapore-based crypto exchange MetaComp has been granted Singapore’s license, enabling it to offer digital asset exchange and custody services to institutional investors.
Wemix token graphic | S.Korea court to settle MIR4 maker Wemade, WEMIX legal battle | wemade, wemix, upbit, wemade news

S.Korea court to settle MIR4 maker Wemade, WEMIX legal battle

Following a hearing on Friday, the court is expected to finalize its decision on an injunction Wemade filed against four exchanges.
Coinbase

Coinbase disables NFT transfer on iOS app, citing hefty in-app fees

Cryptocurrency exchange Coinbase has disabled its non-fungible token transfer feature for iOS users, citing a dispute over Apple’s in-app purchase policy.
open book with wooden court hammer / picture of Daniel Shin | Terra cofounder Daniel Shin makes court appearance for arrest warrant review | daniel shin, terraform labs, do kwon news

Terra cofounder Daniel Shin makes court appearance for arrest warrant review

Terra cofounder Daniel Shin attended a court hearing on Friday morning in South Korea that will decide on local prosecutors’ request to issue an arrest warrant.

Sam Bankman-Fried says not aware of any improper use of funds in FTX downfall

Sam Bankman-Fried, founder of failed cryptocurrency exchange FTX, said he did not know of any improper use of customer funds at his company, in an interview with ABC News. 
man wearing vr goggles mimes square at desk | S.Korea’s energy conglomerate builds US$84M metaverse fund | south korea metaverse, metaverse fund, daesung

S. Korea energy conglomerate builds US$84 mln metaverse fund

Daesung’s venture capital subsidiary recently established a fund worth 110 billion Korean won (US$84.5 million) for expanding investments into metaverse startups.
Bitcoin in the sand. | Markets: Bitcoin dips back below US$17,000, Ether falls, Dogecoin leads losers list

Markets: Bitcoin dips back below US$17,000, Ether falls, Dogecoin leads losers list

Bitcoin fell back below US$17,000 in Friday morning trading in Asia. Ether and all other non-stablecoin top 10 cryptocurrencies by market capitalization also lost ground.
Police form a cordon during a protest against China's strict zero-Covid measures on November 27 in Beijing, China. Image: Kevin Frayer/Getty Images

VPN in China may be at risk as users report connection issues on Twitter

VPN services, a reliable tool for Chinese internet users to bypass the Great Firewall, are reporting connectivity issues in the mainland after anti-lockdown protest content flooded Twitter.
Stack of Bitcoins on top of a laptop. Bitcoin, Ether prices rise, Polygon leads top 10 in gains, Doge, Shib retreat

Markets: Bitcoin, Ether rise with Polygon topping gains in most top 10 cryptos

Bitcoin and Ether increased in Asian trading Thursday afternoon, with all other top 10 non-stablecoin cryptocurrencies mixed
Sam Bankman-Fried spoke virtually at the 2022 New York Times DealBook on November 30, 2022. Image: Thos Robinson/Getty Images

Sam Bankman-Fried points blame for FTX collapse to Alameda, says he was blindsided

Bankman-Fried beamed into New York from the Bahamas to give his version of what happened at FTX, mentioning his own failure of oversight and being “frankly surprised” by what was going on at his company’s sister brokerage.
dprk flag and crypto hacker on computer | North Korea is another victim of FTX collapse, analyst says | lazarus, dprk, north korea crypto hack

FTX collapse will blunt activities of North Korea hackers, analyst says

The collapse of FTX.com and its far-reaching impacts will hinder North Korea’s ability to profit from cryptocurrency hacks, says one analyst.
Meta's CEO Mark Zuckerberg. | Meta’s Mark Zuckerberg is still optimistic about the metaverse

Meta’s Mark Zuckerberg is still optimistic about the metaverse

Meta’s Mark Zuckerberg said that he remains optimistic about the future of the metaverse over a “five-to-ten-year horizon” despite widespread skepticism of his company’s venture into the technology.
AAX exchange logo, Hong Kong city | AAX crypto exchange suspends withdrawals amid FTX fallout | aax crypto exchange, ftx, sam bankman fried

Troubled Hong Kong crypto exchange AAX unlikely to reopen, says former executive

Hong Kong-based crypto exchange AAX is likely to end operations and restructure, former head of communications, Ben Caselin, told CoinDesk TV on Wednesday.
shinamon metaverse | South Korea’s Shinhan Bank starts ‘metaverse’ services | south korea metaverse, shinhan

South Korea’s Shinhan Bank starts ‘metaverse’ services, according to local media

Shinhan has opened a metaverse to provide financial and non-financial services, claiming to be the first bank in the country to provide such a platform.
Kraken or octopus. | Kraken

U.S. crypto exchange Kraken to lay off 30% of its workforce, cites ‘market conditions’

U.S.-based crypto exchange Kraken said it will lay off 30% of its global workforce, or approximately 1,100 people, to “adapt to current market conditions.”
whitepaper of digital rupiah

Indonesia central bank releases whitepaper on digital rupiah, to develop wholesale CBDC first

Indonesia’s central bank has released a whitepaper detailing plans for its central bank digital currency (CBDC), as the country looks to “advance digital transformation.”
Telegram white paper airplane on a blue background

Telegram plans decentralized crypto exchange, wallets following FTX collapse

Telegram plans to build non-custodial wallets and decentralized exchanges for cryptocurrencies following the collapse of the FTX exchange says CEO Pavel Durov.
investor with projected profits on hand; Bitcoin scattered in the background

It’s time for more institutions to adopt blockchain and crypto: Opinion

Despite the myriad benefits of blockchain and cryptocurrency, institutional interest remains mixed in Asia Pacific. What lessons should the industry learn from 2022 to overcome the barriers to adoption?
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Two Bitcoins sitting on top of U.S. dollars. | Markets: Bitcoin, crypto, rise after Fed Chair Powell hints easing rate hikes.

Markets: Bitcoin, crypto, rise after Fed Chair Powell hints at easing rate hikes

Bitcoin and Ether rose as Fed Chair Jerome Powell said on Wednesday that the central bank may start easing interest rate hikes.

Binance re-enters Japan with acquisition of regulated Sakura Exchange BitCoin

Binance returned to the Japanese market with the acquisition of regulated crypto exchange Sakura Exchange BitCoin (SEBC), according to a blog post on Wednesday.  See related article: Binance to help S. Korea’s Busan build first city-backed exchange Fast facts See related article: Crypto exchange Binance in regulators’ crosshairs as scrutiny mounts 
Dr. Donal Lim on the left and Forkast's Joel Flynn on the right.

Philippine Blockchain Week: Blockchain adoption struggles in the Philippines as businesses ‘invest to survive’

Blockchain adoption in the Philippines is struggling because businesses are focused on survival, according to Dr. Donald Lim, lead convenor at Philippine Blockchain Week in Manila.
rayscale holdings probed amid investment giant’s silence

Grayscale holdings questioned amid crypto investment giant’s silence

Top blockchain and crypto news: Grayscale’s cryptic reserves. Binance rides to the rescue? China hit by protests and digital dissent.
Terraform Labs cofounders Daniel Shin (left) and Do Kwon (right) | S.Korea requests warrant to bring Terra-Luna cofounder Daniel Shin into custody | daniel shin, do kwon, terraform labs

S.Korea requests warrant to bring Terra-Luna cofounder Daniel Shin into custody

A court in South Korea will review if prosecutors are allowed to arrest and bring Terraform cofounder Daniel Shin and seven others into custody, for charges including fraud.
Ethereum's year-end price outlook lowered

Markets: Bitcoin rises, Ether leads gains across most top 10 non-stablecoin cryptos

Bitcoin and Ether strengthened in Asian trading on Wednesday afternoon, with Ether the biggest gainer among top 10 non-stablecoin cryptocurrencies that also generally increased.  See related article: Diverging paths of two CEOs running FTX’s Alameda Research may meet again in court  Fast facts See related article: Dominica releases ‘world’s first national’ crypto token with Huobi, […]
Protesters hold up a white piece of paper against censorship as they march during a protest against Chinas strict zero COVID measures on Nov. 27 in Beijing.

China activists use NFTs, decentralized technology to counter censorship

Many are minting NFTs and posting articles on Matters, a decentralized content-sharing platform, amid protests across China against Covid-19 lockdowns that turned political.
Alameda Research's former Co-CEOs Sam Trabucco (left) and Caroline Ellison (right)

Diverging paths of two CEOs running FTX’s Alameda Research may meet again in court

Employee accounts of life at Sam Bankman-Fried’s flagship cryptocurrency trading arm Alameda Research paint a picture of overworked and inexperienced millennials running a ship headed for the rocks: one seemingly escaped.
FTX logo and people in office under distress | FTX liquidity crunch leads to contagion fears; latest updates and commentary | ftx, sam bankman fried, ftx liquidity crisis

FTX’s LedgerX prepping US$175 mln for bankrupt parent firm

FTX subsidiary LedgerX is reportedly preparing US$175 million for its parent company’s bankruptcy proceedings, according to unnamed sources cited by Bloomberg on Wednesday.
Sony's Mocopi — user with Mocopi moving linked with virtual avatar | Sony launches motion capture wearables for the metaverse | sony, vtuber, metaverse

Sony launches motion capture wearables for the metaverse

Sony Japan unveiled Mocopi, a set of wearable motion-tracking sensors that captures user movements that are reflected by virtual avatars
Caribbean, Antilles, Dominica, Roseau, View of the city at dusk

Dominica releases ‘world’s first’ national crypto token with Huobi, Tron

The Commonwealth of Dominica in the Caribbean reportedly issued its national crypto token, DMC, on Tuesday, in partnership with crypto exchange Huobi Global, TronDAO and DMC Labs.
Flag of China and Hong Kong Waving with blue sky

Swiss crypto bank SEBA Bank expands to Hong Kong

Swiss crypto bank SEBA Bank announced on Wednesday the opening of its Hong Kong office to serve global institutional clients as part of its Asia-Pacific expansion. See related article: Hong Kong said it remains upbeat on digital assets after FTX debacle  Fast facts See related article: Hong Kong needs engineering talent to reclaim role as […]
Logos of Digital Currency Group and CoinDesk

Digital Currency Group receives offers to buy CoinDesk: report

CoinDesk, an online crypto news site, has attracted potential buyers to take over the media outlet from Digital Currency Group amid market turmoil, Semafor reported.
wemade logo and black background | S.Korea’s Wemade files injunction against country’s top 4 crypto exchanges | wemade, henry chang, wemix, upbit, wemix delisting, wemix price

S. Korea’s Wemade files injunction against country’s top 4 crypto exchanges

The blockchain game maker fights delisting of its symbolic WEMIX crypto token.
metaverse background and two hands shaking | S.Korea releases ethical guidelines for the metaverse | south korea, metaverse

S. Korea releases ethical guidelines for the metaverse

South Korea’s science ministry released a guideline of core ethical principles for metaverse application participants.
A woman holding open an empty wallet. | Coinbase wallet ends support for ETC, BCH, XRP, XLM

Coinbase wallet ends support for ETC, BCH, XRP, XLM

The largest U.S.-based cryptocurrency exchange Coinbase Global Inc. announced that its wallet will no longer be supporting Ethereum Classic (ETC), Bitcoin Cash (BCH), XRP and Stellar (XLM).
One Bitcoin standing up and another lying on its side on a grey desk. | Markets: Bitcoin, Ether gain as China eases Covid rules amid protests; Dogecoin jumps

Markets: Bitcoin, Ether gain as China eases Covid rules amid protests; Dogecoin jumps

Bitcoin and Ether both rose in Wednesday morning trading in Asia, with all other non-stablecoin top 10 cryptocurrencies also gaining ground as China on Tuesday said it will relax some Covid rules in response to protests.
Young indian business man holding phone reading bank receipt calculating taxes.

India to roll out retail CBDC on Dec. 1

India will launch its retail CBDC pilot on Thursday with plans to gradually expand trials, the RBI announced on Tuesday.
Tron founder Justin Sun | Debt, equity investment “on the table” for FTX rescue, Justin Sun says | justin sun, ftx, ftx tron, ftx news

CeFi must adopt DeFi’s transparency following FTX collapse, Justin Sun says

Justin Sun says CeFi must adopt DeFi’s transparency to regain public trust as 1inch Network cofounder Sergej Kunz sees crypto’s struggles as an opportunity for DeFi.
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Dogecoin price prediction for 2022 set lower than February peak

Markets: Bitcoin, Ether rise; top 10 crypto mostly higher with Dogecoin leading gains

Bitcoin and Ether rose in Asian trading on Tuesday afternoon. Top 10 non-stablecoin cryptocurrencies also mostly strengthened, led by gains in Dogecoin and Litecoin
Logo of FTX and mobile phone

FTX to resume paying wages

FTX Trading and its affiliates will resume paying wages to employees globally and to some non-U.S. contractors and service providers

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