Archives
Bitcoin mining’s green mile: 54.5% sustainable energy use
Bitcoin mining now more eco-friendly than ever, reaching a 54.5% sustainable energy usage.
Bitcoin spot ETFs break US$10 bln trading barrier
Investors flock to Bitcoin spot ETFs, pushing trading volumes past the US$10 billion milestone.
Solana to launch second crypto smartphone
Solana Mobile hints at second smartphone following surprise success of Saga.
HashKey joins unicorn club after US$100 mln raise
HashKey Group achieves unicorn status following a US$100 million funding round, reaching a US$1.2 billion valuation.
Petro cryptocurrency era ends in Venezuela
The controversial Petro cryptocurrency is now defunct as Venezuela pulls the plug.
USDT rises as money laundering tool in SEA, UN says
A UN report reveals USDT’s growing role in money laundering and underground banking in Southeast Asia
CoinShares acquires Valkyrie expands ETF offerings
With the acquisition of Valkyrie Funds, CoinShares aims to strengthen its position in the competitive ETF market.
Ethereum ETFs gain support from BlackRock’s CEO
Support from BlackRock CEO Larry Fink boosts prospects for Ethereum ETFs.
Ethereum outperforms Bitcoin despite ETF debut
Ether’s price rises sharply, contrasting with Bitcoin’s stagnant performance despite recent ETF launches.
Bitfinity valued at US$130 mln ahead of launch
With its recent US$7 million funding, Bitfinity wants to enhance Bitcoin’s utility in DeFi and NFTs.
Hedera, Algorand unite for wallet recovery
The DeRec Alliance, involving HBAR and Algorand Foundations, aims to solve digital asset recovery challenges with a new protocol.
Spot Bitcoin ETFs launch in U.S. markets
Grayscale and BlackRock’s ETFs lead a bullish debut for newly listed Bitcoin ETFs.
USDC issuer Circle attempts public listing again: report
With the filing for an IPO, Circle aims to capitalize on the growing interest in crypto assets, despite recent industry setbacks.
Musk’s social media X halts NFT hexagon avatars
Social media platform X, under Elon Musk, quietly removes NFT profile picture feature, aligning with broader tech industry trends.
Crypto milestone: SEC approves spot Bitcoin ETFs
SEC’s landmark decision approves 11 Bitcoin ETFs, heralding a new era for digital asset investments.
Ripple to be valued at US$11.3 bln following share repurchase
Ripple Labs’ tender offer aims to repurchase US$285 million shares, valuing the firm at US$11.3 billion and fortifying financial standing.
Restey immortalizes Gensler’s tweet on the Bitcoin blockchain
Billy Restey inscribes SEC’s Gensler tweet on Bitcoin blockchain, ensuring clarity after a false ETF approval claim rattles the crypto market.
Apple removes Binance, KuCoin apps in India
Major crypto exchanges vanish from Apple’s App Store in India, adhering to FIU mandates.
SEC decision looms: Cboe pushes for Bitcoin ETFs
Cboe appeals to SEC for fast-tracking Bitcoin ETFs.
SEC’s cybersecurity in question after ETF tweet blunder
Following a misleading tweet about Bitcoin ETFs, Senators Vance and Tillis demand answers from the SEC regarding its cybersecurity measures.
Valkyrie CIO eyes US$400 mln inflow in the first week of Bitcoin ETF launch: The Block
Steven McClurg says Valkyrie Investments may be poised for a historic ETF launch this week, with the potential to inject up to US$400 million into the market.
Bitcoin ETF applicants make swift amendments to filings following SEC’s response
Imminent SEC decision on Bitcoin ETFs could mark a watershed moment for crypto, spearheaded by industry giants BlackRock and VanEck, reshaping the investment world.
BNB Chain Fusion may unify BEP-2 and BEP-20 by 2024
BNB Chain’s merger plans aims for a seamless and secure blockchain by April 2024
Upbit Singapore secures coveted MPI license
Upbit joins 15 other crypto firms permitted to provide digital payment token services in Singapore.
SEC’s Gensler warns of crypto risks amid Bitcoin ETF buzz
SEC Chair Gary Gensler cautions about cryptocurrency volatility, highlighting investor protection concerns, as his agency nears a decision on spot Bitcoin ETF applications.
MakerDAO’s Christensen wants to make DAOs fun again. He’s not alone.
Projects are rethinking how to make DAOs more fun and less disappointing.
Let’s use Web3 to grow projects that fight climate change
The most promising carbon offset programs can still wither and die from financing distress. Blockchain technology can help them survive and bear fruit.
What asset tokenization will look like in 2024 and beyond
Tokenization is on the rise not only in the private sector. In Asia, governments are leading the charge to use this technology for the greater public good.
From Silicon Valley to Sand Dunes: Why Indian crypto firms eye Dubai expansion
Indian crypto companies flock to Dubai, escaping high local taxes and finding solace in the emirate’s favorable regulatory environment.
Blockchain can transform the real estate business — if we remove the roadblocks in its way
From reducing paperwork to verifying title quickly, blockchain technology promises to overhaul the age-old industry. But it faces regulatory hurdles and resistance by those who profit from inefficiency.
How ancient battles are shaping our global financial future
Our 21st century economy still rides on old, slow and costly financial rails. Here’s how blockchain technology can build a network of monetary superhighways.
Is Ethereum once again a victim of its own success?
A year after the Merge made Ethereum even more popular, the network now faces the perils of a staking-fueled liquidity crunch. What are the alternatives?
UBS allows crypto ETFs for Hong Kong investors with at least US$2 mln assets
Three SFC-authorized crypto ETFs will be available on UBS’ Hong Kong platform.
ICBC forced to trade with USB drive due to ransomware attack
ICBC was disconnected from its trading partners after a cyberattack.
Blackrock files for Ether ETF: ETH tops US$2,100
BlackRock’s Ether ETF filing comes as the U.S. SEC entered an eight-day window to potentially approve pending Bitcoin ETF applications.
Ether breaches US$2,000 as BlackRock registers iShares Ethereum Trust entity
Ether rose to an over six-month high of US$2,045.
FTT up 65% after SEC’s Gensler hints FTX restart
FTT rose over 65% despite FTX founder Sam Bankman-Fried’s guilty verdict last week.
SEC in talks with Grayscale for Bitcoin ETF: CoinDesk
The SEC has reportedly been in contact with Grayscale since its court victory in August.
Taiwan identifies new suspects in alleged JPEX fraud case: report
Prosecutors have reportedly identified new suspects after searching nine locations related to JPEX.
Can spot Bitcoin ETFs push Hong Kong to the crypto throne?
Top blockchain and crypto news: Hong Kong mulls Bitcoin ETFs, Ordinals flip Ethereum NFTs, IPO comes full circle.
Grassroots crypto adoption to follow real-world use cases, says Chainalysis APAC policy lead
Blockchain-based gaming and remittances among top drivers toward adoption in central and South Asia.
Standard Chartered’s SC Ventures, SBI Holdings launch crypto investment firm in UAE
The move is part of SC Ventures’ expansion into the United Arab Emirates.
Bitcoin breaks US$36,000 as SEC enters potential ETF approval period
Bitcoin is up over 32% in the past month.
EBA proposes new liquidity guidelines for stablecoin issuers
The proposed guidelines will work as a liquidity stress test for stablecoin issuers, according to the EBA.
HSBC plans tokenized securities custody service with Ripple’s Metaco
HSBC’s new service is expected to launch in 2024.
Binance introduces self-custody Web3 wallet
Binance said it aims to onboard the next billion Web3 users with its new wallet.
Circle reportedly considering 2024 IPO: Bloomberg
Circle has previously tried to go public through a blank-check deal back in 2022.
Ripple partners with Onafriq for African cross-border payment channels
The partnership aims to reduce the high costs and lengthy transfer times associated with traditional remittance payments.
SEBA crypto bank receives license in Hong Kong
Hong Kong’s legal system provides a solid foundation for crypto-related services, said SEBA Group CEO Franz Bergmueller.
NFTs are mainstream again?
The Simpsons dedicates its annual Halloween special to NFTs, as data signals continued uptrend in the NFT market.
What we can learn from the sunsetting of Reddit’s crypto rewards program
Reddit’s shortsightedness and fixation on profits ultimately led it to pull the plug on Community Points. But here’s why Reddit should still be commended.
Dubai calls on crypto firms to finalize applications by Nov. 17
Over 1,000 crypto firms will have to complete their applications by Nov. 17 to avoid regulatory consequences.
Mitsubishi UFJ launches joint stablecoin study with Ginco, Progmat
The joint study aims to create the infrastructure for issuing regulatory-compliant stablecoins for improved cross-border settlement.
Bitcoin transaction fees reach 5-month high, Ordinals surpass 38 mln inscriptions
The last time Bitcoin transaction fees were this high was on June 6.
Dubai’s ascent to fintech, Web3 and AI dominance
While Hong Kong and Singapore compete for the top spot, Dubai is already shaping the future of fintech and Web3, writes Mohammad Alblooshi, chief executive officer of the DIFC Innovation Hub.
Moody’s unveils AI that predicts stablecoin depegging
The artificial intelligence service is designed to predict the depegging of stablecoins in 24-hours.
Proof Group among three top bidders for FTX relaunch: report
Proof Group is also part of the group that won the bid for bankrupt crypto lender Celsius.
Bank of England, FCA to regulate sterling-denominated stablecoins
The central bank expects to release the final set of regulations by 2025.
Yuga Labs, Magic Eden to launch Ethereum NFT marketplace with enforced royalties
Magic Eden Ethereum will be the first major marketplace to contractually obligate creator royalties.
SBF conviction closes “dark chapter” in crypto: Yat Siu
Siu said this marks the crypto industry’s evolution from the FTX collapse and the Terra-Luna meltdown.
Is Hong Kong really in the forefront of the global digital money race?
Hong Kong is charging ahead in its digital currency initiatives, but more must be done to address the e-HKD’s environmental impact and security concerns.
Bitcoin up 0.25% as U.S. jobs creation slows
Bitcoin was trading above US$34,000, as the decreasing job creation in the U.S. fueled hopes of another interest rate pause.
Okto pledges US$5 mln to support Vauld users
The US$5 million fund aims to help Vauld users who can’t withdraw their assets from the platform.
SOL up over 21% in a year since Alameda’s balance sheet hole came to light
SOL rose over 319% in 2023 so far, despite concerns around FTX’s lawsuit.
XRP approved by Dubai’s Financial Services Authority
The XRP token now stands to benefit from legal and regulatory clarity in the DIFC, according to the announcement.
Sam Bankman-Fried found guilty on all charges
Bankman-Fried’s sentencing hearing is scheduled for March 28, 2024.
PayPal subpoenaed by SEC over PYUSD Stablecoin
PayPal said that it is collaborating with the SEC’s request.
ProShares launches short Ether ETF
The new ETF will offer investors short exposure to Ether.
PayPal registers crypto service with UK FCA
The registration enables PayPal to advertise its crypto services to U.K. customers.
Tether offers US$610 mln debt financing facility to German Bitcoin miner Northern Data
Tether extends US$610 million loan to boost Northern Data’s AI and Bitcoin mining operations.
SBF trial drama fails to dampen Bitcoin’s meteoric October
Top blockchain and crypto news: Bankman-Fried’s memory lapses, betting on the return of NFTs, ETF dreams and Bitcoin’s Uptober
SBF trial enters final stage; Bankman-Fried lied about spending customer funds, prosecutors say in closing arguments
Bankman-Fried trial nears end: defense claims good faith as prosecution alleges misuse of funds.
