Regulation
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.
Danny Park
Forkast
Regulation
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.
Danny Park
Altcoins
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.”
Lachlan Keller
Regulatory News
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.
Michael Shing
Bitcoin News
Bitcoin dipped below US$17,000 in Tuesday morning trading in Asia, as Ether and most other top 10 non-stablecoin cryptocurrencies lost ground.
Lachlan Keller
Altcoins
Bitcoin and Ether rose in Asian trading on Monday afternoon. Most other top 10 non-stablecoin cryptocurrencies strengthened, led by gains in Litecoin
Ningwei Qin
Regulation
When a crypto exchange fails, will your transaction records vanish, too? Here’s why investors should take responsibility over their own trading data.
Izzat-Begum Rajan
Altcoins
Seoul judge dismisses prosecutors’ request for arrest warrant for Terra’s Daniel Shin, derails their plan to investigate Shin in custody
Danny Park
Crypto Trading and Strategies
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.
Lachlan Keller
Bitcoin News
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.
Lachlan Keller
Regulation
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.
Timmy Shen
Altcoins
Wemade Co. Ltd. said its in talks to have Binance Institutional Services take custody of its native cryptocurrency, WEMIX.
Danny Park
Crypto Trading and Strategies
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.
Timmy Shen
Bitcoin News
Bitcoin traded above US$17,000 Monday morning in Asia, with all the top 10 non-stablecoin cryptocurrencies by market cap gaining ground.
Lachlan Keller
Altcoins
The exchange has gone silent since pausing withdrawals and liquidating all futures positions, with users fearing a repeat of the FTX collapse.
Dylan Butts
DeFi News
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
Ningwei Qin
Altcoins
Bitcoin and Ether fell in Asian trading on Thursday afternoon, with other top 10 non-stablecoin cryptocurrencies also mostly down
Ningwei Qin
Market Analysis
NFT investors seemingly see opportunities in a month full of surprises and headwinds for the broader cryptocurrency market.
Lachlan Keller
Regulation
Singapore-based crypto exchange MetaComp has been granted Singapore’s license, enabling it to offer digital asset exchange and custody services to institutional investors.
Ningwei Qin
Altcoins
Following a hearing on Friday, the court is expected to finalize its decision on an injunction Wemade filed against four exchanges.
Danny Park