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Markets: Bitcoin edges up, Ether posts biggest gain among top 10 tokens

Bitcoin made up some ground, while Ethereum posted the largest gain among the top 10 coins by market capitalization in Tuesday afternoon trading in Asia. Dogecoin was the second-largest gainer among the top 10. See related article: Markets: Bitcoin, Ether mixed; Solana hit six-week low overnight, Dogecoin dips Fast facts Bitcoin gained 0.62% in the […]
Chalmers2

Australia’s crypto industry split on Treasury’s ‘token mapping’ scheme

The Treasury Department says its plan for how to regulate cryptocurrencies is unlike anything else in the world, but the country’s crypto industry isn’t sure that’s a good thing.
Tencent building | Tencent says “personnel reshuffle” underway at Metaverse unit, denies job cuts | Tencent, Metaverse, China, Virtual Reality (VR), Augmented Reality (AR)

Tencent gets patent nod to use blockchain for missing persons’ notices

Chinese tech giant Tencent has received a patent for blockchain-based notices for missing persons, as the tech firm continues to explore blockchain applications despite shutting one of its non-fungible token (NFT) platforms recently. See related article: Tencent’s Huanhe allows NFT refunds, halts further sales Fast facts Tencent’s design could enhance the efficiency of publishing such […]
Bitcoin cryptocurrency, blockchain technology decentralized currency coin, conceptual image with selective focus

Hodlnaut owes US$200 mln debt to 17,000 creditors: report

The Singapore and Hong Kong-based Hodlnaut has a funding gap of about US$193 million, and potentially 17,513 creditors, crypto media outlet The Block reported citing an affidavit the troubled crypto lender filed with the court last week. See related article: India authorities freeze Vauld exchange’s assets worth $46.5 mln Fast facts See related article: Hodlnaut […]
Golden bitcoins and South Korea flag

S. Korea tax authority says crypto airdrops subject to gift tax: report

Virtual asset airdrops could be subject to gift taxes in South Korea, local publication Yonhap News Agency reported on Monday, citing tax authorities. See related article: S. Korea’s 20% crypto tax delayed by two more years Fast facts In response to a tax law interpretation inquiry, a government official said recipients of free virtual asset […]
Crypto Fraud and Asset Recovery Network in U.K. launches Hong Kong chapter, Bitcoin regulated by international monetary laws, gold coin next to gavel, Crypto Fraud and Asset Recovery Network in U.K. launches Hong Kong chapter

Celsius ‘withhold’ account depositors lawyer up to seek claims

Another group of claimants against bankrupt crypto lender Celsius Network LLC is banding together to retain legal representation and seek to form an ad hoc group in bankruptcy hearings to get their money back. See related article: Celsius says it owes its users US$4.72B amid a US$1.19B balance sheet deficit Fast facts See related article: […]
blockchain

India blockchain forum plans to chart future with governments, regulators

Stakeholders in India’s blockchain space have created a new forum with more than 40 influencers to liaise with governments and regulators for blockchain and Web 3.0 adoption in the country. See related article: India’s latest tax assault on crypto exchanges starts Friday Fast facts According to a local media report, India Blockchain Forum is setting […]
screenshot of Uniswap's website

Uniswap blocks over 250 wallet addresses from front end in sanction compliance

Decentralized exchange Uniswap has appeared to block 253 wallet addresses linked to illicit financial activities on its front end after the U.S. government imposed sanctions on Tornado Cash earlier this month. See related article: Largest Ether mining pool Ethermine stops processing Tornado Cash transactions Fast facts DeFi platform Yearn developer Banteg tweeted on Saturday that […]
A laptop and icons of real estate concepts

Problems with tokenizing real estate and how to fix it

Real estate as an investment is not very liquid, composable or accessible, writes Joel Lin of CitaDAO. Can tokenization and DeFi transform this market?
Bitcoin coins on black background, top view

Markets: Bitcoin, Ether mixed; Solana hit six-week low overnight, Dogecoin dips

Bitcoin and Ether were mixed Tuesday morning in Asia, while Solana led the downturn in the rest of the cryptocurrencies in the top 10 by market capitalization. Most of the Top 10 are seeing double-digit price declines over the last seven days.   See related article: Markets: Bitcoin, Ether dip; DOGE, SHIB slide; Jackson Hole, […]
australia

Australia to keep pace with crypto laws with “token mapping”

The Australian Treasury under the ruling Albanese Government will prioritize “token mapping” in 2022 to help regulations Down Under keep pace and adapt with the crypto sector.  See related article: Singapore’s MAS to further strengthen crypto regulations Fast facts “Token mapping”, the primary step in the government’s reform agenda, intends to identify the appropriate direction […]
Poly Network hackers delay handover of stolen assets

Ronin hackers converted stolen ETH to BTC using sanctioned mixers: report

The hackers responsible for stealing US$610 million worth of crypto from Axie Infinity’s Ronin bridge back in March have since transferred most funds from ETH into BTC using renBTC and privacy tools like Blender, ChipMixer, and TornadoCash, according to a report. See related article: Axie Infinity blockchain Ronin hacked for over $600M Fast facts The […]
Close up of metal shiny bitcoin crypto currency coins on US dollar bills. Electronic decentralized money concept.

Markets: Bitcoin, Ether dip; DOGE, SHIB slide; Jackson Hole, Merge in focus

Bitcoin and Ethereum edged down again in Monday afternoon trading in Asia, after both posted sharp declines on Friday and had a bit of a rollercoaster over the weekend that drove most other tokens lower. Dogecoin was the biggest mover today among the top 10 coins by market capitalization and logged a 3.09% fall in […]
A robot and a man's index fingers pointing at each other with Ethereum logo in the middle

If successful, Ethereum’s Merge will cause a sea change in ETH supply and value

The Merge, one of this year’s biggest crypto events, is now due to happen next month. Why is it so hotly anticipated — and feared?
BAYC

Liquidity crunch may loom for Bored Ape-collateralized loans as floor price slides

Not every NFT collection is facing the same issue, but due to the collection’s outsized influence it could have a significant impact on the rest of the Ethereum NFT ecosystem.
Ethereum and Bitcoin gold tokens

Largest Ether mining pool Ethermine stops processing Tornado Cash transactions

The largest Ethereum mining pool, Ethermine, stopped processing transactions from crypto mixer Tornado Cash-related addresses around Aug. 11, according to crypto analyst @takenstheorem. See related article:  U.S. Treasury overstepping authority in Tornado Cash sanction, says advocacy group Coin Center Fast facts See related article: Ronin hack proceeds seen headed to Tornado Cash
Questions over Circle’s USDC reserves linger despite assurances

USDC whales leave, trading volume soars

The percentage of stablecoin USD Coin (USDC) supply held by the top 1% addresses dropped to a 22-month low on Monday, while USDC average trading volume in seven days surged to an all-time high on the same day, according to crypto data dashboard Glassnode. See related article: Vitalik Buterin says he used Tornado Cash to […]
FTX sam bankman-fried

FTX revenue grew 1,000% in 2021 amid booming crypto market: SBF

FTX chief executive officer Sam Bankman-Fried (SBF) has confirmed media outlet CNBC’s report that FTX’s revenue grew 1,000% in 2021 on the back of a booming crypto market and a host of acquisitions.  See related article: Sam Bankman-Fried lashes out at Voyager for rejecting FTX’s proposal  Fast facts In a Twitter post, SBF said, “Fwiw […]
FDIC

FTX.US among 5 companies cited by FDIC for ‘false, misleading’ claims to consumers

The Federal Deposit Insurance Corporation (FDIC), one of the two federal agencies insuring savings in American depository institutions, has sent cease-and-desist letters to five companies, including FTX.US, for making false statements about deposit insurance. See related article: FDIC clarifies that cryptocurrencies are not insured Fast facts In a press release, the FDIC said it has […]
Voyager logo on a purple background

Creditors object to bankrupt crypto lender Voyager paying out bonuses

Creditors of cryptocurrency lender Voyager Digital Holdings are objecting to the company’s request for funds to payout bonuses to staff, saying the employees are already “well-compensated.” See related article: Court allows Voyager Digital to return US$270 mln in custodial account to customers Fast facts The creditors’ objection came after Voyager, which filed for Chapter 11 […]
Bitcoin

Markets: Bitcoin, Ether gain; BNB best performer among top 10 tokens

Bitcoin and Ether rose with most of the top 10 cryptocurrencies by market capitalization in Monday morning trading in Asia. The gains follow a flash crash last Friday afternoon that dragged the world’s leading cryptocurrency below US$21,000 on Saturday for the first time in almost a month. Bitcoin is still down about 12% in the […]

Hodlnaut exploring option to allow withdrawal of deposits with interest before closing accounts

The Singapore and Hong Kong-based crypto lender said it was exploring options to allow users to withdraw deposits at an undisclosed discount rate, while seeking Singapore court approval to appoint a judicial manager for the company, according to a post on its blog on Friday. See related article: How a market slump may be helping […]
Bitcoin price movement on Friday. Image: screenshot of CoinMarketCap's website

Markets: Bitcoin below $22,000; Ether extends decline; Cardano, Solana, DOGE slide

Bitcoin fell below US$22,000 in Friday afternoon trading in Asia as investors after a nervous week seemed to be trimming portfolios ahead of the weekend. Ethereum fell back despite the buzz around its upcoming blockchain Merge. Cardano, Solana, Dogecoin and Polkadot dropped over 10% in the past 24 hours. See related article: Bitcoin, Ether fall […]
cybercrime

Who fared worse in cryptocurrency slump: criminals or legitimate users?

Report by Chainalysis says both use cases fell in dollar terms in first half of year and while legitimate usage by value far exceeds criminal, illicit activities fell by a much narrower margin.The report attempts to explain why.
Crypto exchange Gemini Winklevoss twins founders

Crypto exchange Gemini launches MATIC, ETH, SOL and DOT staking

The New York-based crypto exchange said its staking service will allow customers to stake their cryptocurrencies and receive rewards within their Gemini account.  See related article: Gemini sued over US$36 mln Bitcoin and Ethereum hack Fast facts Gemini Staking will be available for users across the U.S. (excluding New York), Singapore, and Hong Kong, the […]
Soccer players

Run-to-earn protocol Stepn announces NFT project colab with Atlético de Madrid

Web3 lifestyle app Stepn is releasing a non-fungible token (NFT) running shoe collection in partnership with crypto exchange WhaleFin and Spanish soccer club Atlético de Madrid, the company announced on Thursday. See related article: Play-to-earn game developers pivot to engaging fans Fast facts This collection will feature 1,001 Atlético de Madrid shoes that grant the […]
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ETHPoW token price drops to all-time-low on Thursday

ETHPoW, the token that will run on a potential Ethereum PoW fork, fell to an all-time low of US$50.36 on Thursday, down 64% from its Aug. 2 peak, according to CoinMarketCap.  See related article: Chandler Guo tells why he is the man who would hard fork Ethereum Fast facts The ETHPoW token is currently only […]
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What’s in a name? Ethereum domain name creation doubles in four months

With all the excitement surrounding the Ethereum merge scheduled for next month, the number of Ethereum Name Service (ENS) addresses created have surpassed the 2 million mark, according to a Twitter post by ENS Domains.  See related article: Ethereum will soon turn 7 — and its upcoming ‘Merge’ will be well worth the wait Fast […]
canaan mining rigs

Mining rig maker Canaan shares nudge up, profit expanded in Q2

Shares of cryptocurrency mining rig maker Canaan traded up 0.77% in U.S. trading on Thursday after the company said net income expanded in the second quarter from a year earlier despite the fallout from Covid-19 lockdowns in China and challenging market conditions. See related article: Chinese mining rig maker Canaan says global expansion on track […]
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South Korea to block access to 16 unregistered crypto companies

The Korea Financial Intelligence Unit (KoFIU) has requested investigative authorities to block 16 unregistered foreign-based Virtual Asset Service Providers (VASPs) that reportedly targeted domestic consumers by offering services in Korean. See related article: South Korea’s all-encompassing crypto law is coming — what we know so far Fast facts According to a press release, these unregistered […]
CME to launch Micro Ether Futures in December

CME, world’s biggest derivatives exchange, to offer Ether options in September

CME Group – the world’s biggest operator of financial derivative markets, including the Chicago Mercantile Exchange –  on Wednesday said it will offer options on Ether futures starting Sept. 12, pending regulatory review. See related article: New US crypto bill seeks to make CFTC top Bitcoin, Ethereum watchdog Fast facts See related article: ETH futures […]
Bitcoin and others cryptocurrencies mining farm. GPU graphic cards rig for cryptocurrency mining

Bitcoin mining difficulty rises 0.63% in latest adjustment

Bitcoin mining difficulty rose by 0.63% on Thursday, marking the second increase in a row in latest adjustments, according to data from BTC.com. See related article: Bitcoin miner Stronghold to return mining rigs to cut debt; shares plunge as losses widen Fast facts The mining difficulty reading was at 28.35 trillion, as of block height […]
Bitcoin

Bitcoin, Ether fall in broad crypto pull back; memecoins reverse gains

Bitcoin and Ether continued their weekly slide, while all other top 10 cryptocurrencies by market capitalization fell in Friday morning trading in Asia. The world’s number one cryptocurrency fell below US$23,000 for the first time in over a week. Investors remain tentative about macroeconomic trends – inflation and interest rates in the U.S. and a […]
Ukraine flag, President of Ukraine returns cryptocurrency bill to parliament for modification

Ukraine spends US$54 mln in crypto donations towards war supplies

The embattled Ukrainian government has spent US$54 million, raised through donations in cryptocurrencies, to supply defenders with military equipment, armor, clothing, medicines and vehicles, a senior minister said.  See related article: Vitalik Buterin says he used Tornado Cash to donate to Ukraine Fast facts See related article: Ukraine’s NFT museum of Russian conflict goes live
Tether coin

Tether to release monthly USDT reserves report with new auditor BDO Italia

Tether Holdings Limited, the issuer of USDT, the world’s largest stablecoin by market capitalization, has roped in accounting firm BDO Italia for its regular reports of USDT reserves. See related article: Tether says USDT reserves have no Chinese commercial paper Fast facts Tether said in a statement shared with Forkast that it began working with […]
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dWallet raises US$5 mln in pre-seed funding led by Node Capital, DCG

dWallet Labs, a cybersecurity company specializing in blockchain technology, has raised US$5 million in pre-seed funding led by Node Capital and Digital Currency Group (DCG), the company said in a statement. See related article: Why DeFi remains attractive to institutions in a bear market Fast facts The funding round also included investors Amplify Partners, Lightshift […]
bitcoin

EU seeks to limit banks’ crypto exposure

European Union (EU) banks with exposure to highly volatile cryptocurrencies like Bitcoin should face higher capital requirements, according to a proposed amendment to a European financial services law.  See related article: Bitcoin miner Stronghold to return mining rigs to cut debt; shares plunge as losses widen Fast facts Crypto assets like Bitcoin, which are considered […]
Brian Armstrong Coinbase 2

Coinbase would shut down ETH staking under regulatory threat, says CEO

Responding to a hypothetical scenario on Twitter, Coinbase CEO Brian Armstrong said that the company would shut down its Ethereum staking services to preserve the blockchain network’s integrity, in the event of a regulatory crackdown. See related article: BlackRock, Coinbase partner to extend crypto trading to institutional investors Fast facts The hypothetical question was posted […]
Cryptocurrencies hanging on rope with clothes pins

Markets: Bitcoin, Ether fall; Solana, DOGE extend their declines

Bitcoin and Ether traded lower in Thursday afternoon trading in Asia. Solana saw the largest fall among the top 10 tokens by market capitalization, followed by Dogecoin. Asia equity markets were softer after minutes from the U.S. Federal Open Market Committee showed Fed Reserve officials saw little sign of inflation slowing. See related article: Markets: […]
bank of england

U.K. consortium to test stablecoin payments

Digital FMI Consortium, a group of private-sector companies, plans to examine cross-border payments and make recommendations to the Bank of England using its own sterling-backed coin, dSterling. See related article: Next step for spot Bitcoin ETF in the US may be a courtroom battle Fast facts The consortium announced Project New Era, which will deploy […]
chandler guo

Chandler Guo tells why he is the man who would hard fork Ethereum

In a Q&A, the former cryptocurrency miner explains his methods for trying to pull together a band of Ethereum mining brethren in order to keep their rigs running. The idea started at a party at his house.
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BAYC

BAYC NFT sells for 777 Eth, worth US$1.4 million, amid crypto downturn

Non-fungible token (NFT) Bored Ape Yacht Club (BAYC) #5383 sold for 777 Eth on Wednesday, worth some US$1.4 million, amid a crypto downturn. See related article: Bored Apes — NFTs take over the planet | NFT Moments in History Ep. 11 Fast facts Following the sale, the floor price for BAYC on Thursday sank its […]
Sen. Pat Toomey

U.S. federal deposit insurer allegedly deterring banks from doing business with crypto firms

The Federal Deposit Insurance Corporation (FDIC), one of the two federal agencies insuring savings in American depository institutions, may be asking banks to refrain from providing services or extending credit to cryptocurrency companies, Republican Senator Pat Toomey alleged. See related article: New US bill to give CFTC oversight of cryptocurrencies may speed up crypto legislation […]
Petrol

Australians can now use crypto to buy gasoline, Krispy Kreme donuts

Australian consumers can use cryptocurrency to pay for gasoline and other goods — including Krispy Kreme donuts — at 175 OTR service stations through a partnership with Crypto.com and payment terminal provider DataMesh Group Pty Ltd. See related article: Crypto.com inks AU$27M deal with the Australian Football League Fast facts The service stations allow Crypto.com […]

Venture capital rallies for CoinFund, Shima Capital crypto investment funds

Venture capital for two new investment funds from CoinFund and Shima Capital were announced, with amounts reaching US$300 million and US$200 million, respectively. See related article: New Investors and Investments Fast facts The Ventures I fund, announced Thursday by CoinFund, will focus on backing blockchain startups, including both existing portfolios and new startup teams. The […]

Crypto lender Genesis cuts staff, CEO exits amid executive shuffle

Cryptocurrency brokerage Genesis announced its CEO Michael Moro will step down as it reshuffles its executive team, while a 20% layoff of its 260-person workforce is being widely reported. See related article: BIS, HKMA partner on Project Genesis to tokenize green bonds Fast facts Chief operating officer Derar Islim will take over as CEO on […]
Stronghold's mining facility. Image: screenshot of Stronghold's YouToube video

Bitcoin miner Stronghold to return mining rigs to cut debt; shares plunge as losses widen

Shares of Bitcoin miner Stronghold Digital Mining Inc. plunged more than 25% in U.S. trading on Wednesday after the company said losses in the second quarter widened from a year earlier despite a restructuring plan that included the return of about 26,200 Bitcoin mining machines to slash debt in half. See related article: Bitcoin miner […]
Hacker

Despite crypto downturn, illicit activity outpaces legitimate uses

Criminal activity in cryptocurrency was more resilient than legitimate uses despite the downturn in the crypto market in 2022, according to a new report by blockchain data aggregation firm Chainalysis. See related article: Chainalysis says $2 bln stolen in cross-chain bridge hacks this year, more expected Fast facts Illicit transaction volumes are down just 15% […]
The word DEFI in gold font color with silver coins

Crypto winter may be just what DeFi needs to grow and thrive

The decentralized finance sector is now a fraction of its former self. What will help companies survive this bear market and emerge stronger?
Bitcoin

Markets: Bitcoin, Ether decline; memecoins fall back, XRP holds gains

Bitcoin and Ether fell in Thursday morning trading in Asia, along with all other cryptocurrencies on the top 10 list by capitalization, with the exception of XRP.  U.S. equities were weaker overnight as Federal Open Market Committee minutes released on Wednesday indicated interest rates in the U.S. will continue rising until inflation is brought under […]
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Eqonex closes crypto exchange as market woes prompt cost-cutting

Top blockchain and crypto news: Eqonex shutters exchange operation. Huobi denies sale report. Taiwan beefs up cyber defenses.
Cryptocurrency golden bitcoin image for crypto currency

Markets: Bitcoin, Ether little changed; DOGE, XRP climb in Asia afternoon trade

Bitcoin and Ether traded little-changed in Wednesday afternoon trading in Asia. Dogecoin (DOGE) and XRP both gained and were the biggest movers among the top 10 coins by market capitalization. See related article: Markets: Bitcoin, Ether fall; Dogecoin outperforms, Cardano edges higher Fast facts Bitcoin was trading at US$23,829, off 0.77% in the past 24 […]
coinhako

Coinhako crypto exchange sees Asia expansion opportunity as rivals stumble

Cross currents: BlackRock Inc, the world’s biggest money manager, is talking about Bitcoin opportunities amid a market slump. Singapore’s Coinhako looks to have similar ideas.
blockchain

Top firms invest US$6B in blockchain startups: Blockdata research

Forty top corporations invested about US$6 billion into blockchain startups between September 2021 and June 2022, according to an analysis by blockchain data platform Blockdata. As some investments involved participation from multiple investors, Blockdata said it was not clear how much each company invested in one particular project. See related article: Korea Blockchain Week points […]
Melbourne

Australian superannuation and institutions await clarity to invest in crypto

There’s growing interest from Australian self-managed super [retirement] funds (SMSF) to invest in crypto but are being let down by a lack of regulatory clarity, Caroline Bowler, chief executive officer of Australian exchange BTC Markets said at an industry panel on Wednesday. See related article: Australia’s Holon Global got ahead of BlackRock with funds shrugging […]
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Jump Crypto to revamp core part of Solana’s infrastructure

Jump Crypto, the crypto arm of high-frequency trading firm Jump Trading Group, announced on Tuesday plans to develop a new open source validator client for the Solana network to boost throughput and reliability. See related article: Solana validators complete restart; Laos ends crypto ban Fast facts Jump Crypto will “propose a major upgrade to Solana’s […]
Wellington

Huobi to end crypto derivatives trading in New Zealand

Seychelles-based cryptocurrency exchange Huobi Global will cease crypto derivatives trading services in New Zealand from Tuesday next week — only months after launching in the country – according to a company blog post. See related article: Huobi closes Thai crypto unit, regulator revokes license Fast facts From Aug. 23, Huobi will classify New Zealand as […]
Image: William Hinman, former director of the SEC’s Division of Corporation Finance

SEC files brief on Hinman speech as XRP lawsuit drags on

The U.S. Securities and Exchange Commission has fought back in its lawsuit against Ripple Labs with a reply brief in support of its objections to orders that asked the SEC to disclose drafts of a 2018 speech made by former SEC director William Hinman. See related article: Judge grants Ripple’s request to review videos of […]
Tencent's marketplace Huanhe's refund announcement, and Huanhe's logo

Tencent’s Huanhe allows NFT refunds, halts further sales

Tencent’s non-fungible token (NFT) marketplace Huanhe says it will allow buyers to refund purchased NFTs but will no longer issue the digital assets, citing a “focus on the company’s core strategic considerations.” See related article: Chinese e-commerce giant JD.com offers NFTs despite state media criticisms Fast facts The marketplace’s app will remain, but it will […]

Fed issues guidelines for crypto banks to enter central banking system

The U.S  Federal Reserve published what it called “final guidelines” for how crypto banks could be granted “master accounts” that are needed to transact directly with the Fed and the broader global banking system.  See related article: Federal Reserve to taper bond purchases, prompting concerns over BTC impact  Fast facts The Fed referred to these […]
screenshot of PrimeBlock's website

Bitcoin miner PrimeBlock ditches SPAC listing plan

Bitcoin miner Prime Blockchain Inc., also known as PrimeBlock, has dropped its public listing plan via a blank-check company merger valued at US$1.25 billion, joining a number of crypto firms that have delayed or canceled similar listing plans. See related article: Markets: Bitcoin, Ether fall; Dogecoin outperforms, Cardano edges higher Fast facts PrimeBlock and 10X […]
Bitcoin cryptocurrency

Markets: Bitcoin, Ether fall; Dogecoin outperforms, Cardano edges higher

Bitcoin and Ether fell amid a mixed performance from the rest of the tokens in the top 10 by market capitalization on Wednesday morning in Asia. Leading memecoin Dogecoin outpaced the rest on the list, continuing its recent price run-up that took it back into the top 10. See related article: Markets: Bitcoin, Ether fall […]
acala

Polkadot Defi hub Acala burns some 1.3 bln mis-minted stablecoins

Acala Dollar (aUSD) burned over 1.29 billion aUSD minted in its liquidity pool and traded higher on the day at US$0.91 at 5 p.m. Hong Kong time on Tuesday, up from a low of nearly zero on Monday. See related article: Polkadot-based stablecoin Acala Dollar depegs after a breach Fast facts Over the weekend, exploiters […]
eqonex

Crypto exchanges’ race to the bottom on fees scalps Eqonex

Nasdaq-listed Eqonex’s decision to shutter its low-fee crypto exchange business to focus on asset management and custodial services may prompt similar moves in the highly commoditized industry.
Tornado

U.S. Treasury overstepping authority in Tornado Cash sanction, says advocacy group Coin Center

The U.S. Treasury may have overstepped its legal authority by sanctioning cryptocurrency mixer Tornado Cash, said crypto advocacy group Coin Center. See related article: Circle freezes smart contract addresses linked to blacklisted Tornado Cash Fast facts See related article: Ronin hack proceeds seen headed to Tornado Cash
Celsius pays off USDC loan on Aave, unlocks over US$41 7 million in collateral

Celsius has US$2.8B in crypto liabilities: court filings

Recent court filings from law firm Kirkland & Ellis show that crypto lending platform Celsius has US$2.8 billion in crypto liabilities. The documents suggest that the crypto lender might run out of operational cash by October. See related article: Celsius on thin ice well before its bankruptcy: CNBC report Fast facts Celsius filed for Chapter […]
screenshot of Hodlnaut's website

Crypto lender Hodlnaut seeks judicial management for protection against creditors

Singapore-based cryptocurrency lender Hodlnaut has filed an application with the Singapore High Court to be placed under judicial management, which could provide the company “the breathing space to focus our efforts on the recovery plan to rehabilitate the company,” Hodlnaut said on Tuesday. See related article: Crypto lender Hodlnaut halts withdrawals, ends token swap feature […]
Bitcoin

Markets: Bitcoin, Ether fall in Asia trade amid growing concern about China’s economy

Bitcoin and Ether fell along with most other cryptocurrencies on the top 10 list by market capitalization as concerns spread across capital markets about the housing slump in China, where real estate prices have fallen for 11 months and threaten to undermine the world’s second largest economy. See related article: Markets: Bitcoin, Ether fall; memecoins […]
zipmex bankrupt

Shareholders ask Zipmex CEO to step down amid restructuring

The chief executive officer of troubled crypto exchange Zipmex is being asked to resign by shareholders and potential investors, citing Marcus Lim’s management decisions that led to a severe cash crunch, while the company was granted a three-month moratorium to try to restructure. See related article: Why Singapore may be the ideal place for companies […]
Nur-Sultan, the capital city of Kazakhstan.

Binance receives in-principal approval to operate in Kazakhstan

The world’s largest cryptocurrency exchange, Binance, has received in-principal approval to operate a digital asset trading facility and provide custody services in Kazakhstan from the Astana Financial Services Authority (AFSA), the company announced on Monday. See related article: Crypto mining’s Great Migration continues — out of Kazakhstan Fast facts Binance is still required to complete […]
Woman wearing VR glass looks at globe hologram in Metaverse

Establishing standards will be key to the metaverse’s future success

Virtual worlds currently exist in silos, and there is no easy way to communicate between ecosystems — which limits their value, writes Witek Radomski of Enjin.
Cryptocurrency golden bitcoin image for crypto currency

Investors yank out US$29 mln this month from Bitcoin: CoinShares

Bitcoin outflows totaled US$21 million, bringing month-to-date outflows to US$29 million, even as short-Bitcoin positions witnessed minor inflows of US$2.6 million, according to digital asset manager CoinShares. See related article: Markets: Bitcoin, Ether fall; memecoins lose steam, BNB edges higher Fast facts Investors pulled out US$17 million from digital asset investment products last week, James […]

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