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Asia’s largest metaverse Zepeto targets sex abuse, exploitation
Naver Z Corp. announced its partnership with INHOPE to protect youth from sexual abuse and exploitation on the virtual platform.
Danny Park
Forkast
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Most recent
Regulation
USDC stablecoin issuer Circle wins Singapore digital payment license
The issuer of the world’s second-largest stablecoin is joining a fleet of companies in the digital asset industry moving into Singapore. What’s the attraction?
Pradipta Mukherjee
Altcoins
Markets: Bitcoin, Ether prices flat; Dogecoin, SHIB lead gains in crypto top 10
Bitcoin and Ether were little changed in Wednesday morning trading in Asia along with most of the cryptocurrency top 10 by market capitalization, excluding stablecoins.
Lachlan Keller
Regulatory News
Regulators are your friend, IMF official tells crypto industry
Deputy director of monetary and capital markets at the IMF, Dong He, said at Hong Kong Fintech Week on Tuesday that his message to the crypto industry is to embrace regulation.
Oisin Mcilroy
Market Trends
Web 3.0 suffers from hype, fragmentation, say industry experts
Interconnectivity is on the way, even as various segments of the Web 3.0 ecosystem are largely disconnected from reality and one another, said Web 3.0 experts at Hong Kong Fintech Week on Tuesday.
Oisin Mcilroy
Regulation
mBridge participants to end domestic payments of foreign CBDCs
Bank of Thailand's Vachira Arromdee said on Tuesday the four central banks in the mBridge CBDC trials agreed to end use of foreign CBDCs domestically.
Ningwei Qin
Altcoins
Markets: Bitcoin, Ether rise; Dogecoin, Shiba Inu biggest gainers in top 10 crypto
Bitcoin and Ether traded up in Tuesday afternoon trading in Asia, while memecoins Dogecoin and Shiba Inu were the biggest gainers among the top 10 coins by market capitalization excluding stablecoins.
Timmy Shen
Regulation
India seeks info from crypto exchanges as it mulls GST on asset class: report
India’s Central Board of Indirect Taxes & Customs (CBIC), responsible for policy formulation and collection of indirect taxes like the goods and services tax (GST), has asked major cryptocurrency exchanges to provide details on the type of digital coins and tokens being traded and their valuation.
Pradipta Mukherjee
Regulation
Coinbase seeks to weigh in on XRP lawsuit to support Ripple against SEC
Crypto exchange Coinbase has requested to file an amicus brief in support of Ripple to weigh in on the ongoing lawsuit between the SEC and Ripple.
Timmy Shen
Bitcoin News
JP Morgan, Standard Chartered execs disagree over Bitcoin’s significance
JPMorgan Chase and Standard Chartered execs were in disagreement at Hong Kong Fintech Week over how significant Bitcoin and the wider crypto industry are.
Oisin Mcilroy
Regulation
S.Korea sees passing crypto investor protection as a priority: report
The country looks to pass an initial bill that focuses on protecting digital asset investors and preventing unfair trade acts, ahead of wider legislation.
Danny Park
Regulation
Singapore’s Tokenize crypto exchange opens platform for institutional investors
Cryptocurrency exchanges in Singapore are shifting focus to heavy-hitter investors, such as family offices and financial institutions, in line with the central bank’s warnings about the risks in retail crypto trading.
Pradipta Mukherjee
Regulation
Bankman-Fried calls wealth-based barriers to crypto investment classist, racist
The billionaire founder of crypto exchange FTX, Sam Bankman-Fried, criticized regulations in Hong Kong and elsewhere that limit access to crypto investment to wealthy investors.
Dylan Butts
Investment Insights
Hong Kong to boost funding, investor pool for fintech startups
Hong Kong will increase funding for startups, including fintech companies, Secretary for Commerce and Economic Development Algernon Yau said on Tuesday.
Ningwei Qin
DAO Governance
Why DAOs need a more accountable governance model
Many DAOs suffer from voter apathy and are hobbled by too much decentralization. What can help DAOs make better decisions?
Sasha Ivanov
Altcoins
Markets: Bitcoin, Ether prices fall; Dogecoin, Shiba Inu bull run continues; BNB gains
Bitcoin and Ether prices fell in Tuesday morning trading time in Asia, while memecoin Dogecoin and Shiba Inu had the biggest gains among the top 10.
Danny Park
Regulation
India shortlists nine banks to start CBDC trial from Nov. 1
India’s central bank, the Reserve Bank of India (RBI), will pilot the country’s first digital rupee in the wholesale segment (e₹-W) from Nov. 1 and has identified nine banks for participation in the trial.
Pradipta Mukherjee
Advanced Blockchain Technologies
Web 2.5 is new Web 3.0, says co-founder of blockchain VC firm Kenetic Capital
A hybrid middle ground between Web 2.0 and Web 3.0 is necessary before full Web 3.0 integration, argued Jehan Chu, co-founder and managing partner of blockchain venture capital firm Kenetic Capital, adding that “it’s not the fully decentralized future we were promised, but it's the one we’re going to get first.”
Oisin Mcilroy
Altcoins
Singapore’s digital marketplace Alta buys Hg Exchange
Singapore-based Alta, a digital marketplace for alternative investments, has acquired private digital securities exchange Hg Exchange (HGX) for an undisclosed amount.
Pradipta Mukherjee
Regulation
Hong Kong announces policies to win back role as digital asset hub
Hong Kong reveals digital asset policies to distinguish itself from China, where cryptocurrency trading was banned in September last year.
Ningwei Qin