Altcoins
Japan’s blockchain group lobbies for tax change
Japan’s blockchain group urges tax change. Bitcoin NFT struggles but it may be a sleeping giant. Litecoin falls after halving.
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Most recent
Bitcoin News
Bitcoin, Ether fall, along with all top 10 cryptos, after Litecoin halving fails to lift market sentiment
Bitcoin and Ether slipped during Thursday afternoon trading in Hong Kong, along with all other top 10 non-stablecoin cryptocurrencies by market capitalization. Litecoin led the losers in the top 10, despite successfully completing its third quadrennial halving event yesterday.
Zoltan Vardai
Altcoins
Litecoin prices fall 6% after third halving event
Litecoin prices have lost over 6% since it completed its third halving event on Wednesday evening in Asia.
Tom Zuo
Regulation
Binance could face fraud charge from US Department of Justice
Officials at the U.S. Department of Justice (DOJ) are considering fraud charges against Binance, according to news site Semafor.
Tom Zuo
Bitcoin News
Bitcoin, Ether down; Litecoin slips after halving event
Bitcoin, Ether and all other top 10 non-stablecoin cryptocurrencies dipped in Thursday morning trading in Asia, including Litecoin following its halving event.
Danny Park
Altcoins
Litecoin completes third halving event
Litecoin has executed its third halving event on Wednesday, reducing block rewards for miners from 12.5 to 6.25 Litecoins per block.
Zoltan Vardai
Bitcoin News
Bitcoin Ordinals profitability falls in July, but total inscriptions pile on
Revenue for NFT services on the Bitcoin network, or the aggregate value of marketplace fees and creator royalties, declined over July even as total Ordinals inscriptions crossed 20 million.
Zoltan Vardai
Regulation
Kenya suspends Worldcoin over security concerns
The Republic of Kenya has suspended Worldcoin, a cryptocurrency project co-founded in 2019 by OpenAI chief Sam Altman, while the country’s security and data protection services look into the authenticity and legality of the project, the Ministry of the Interior and National Administration said on its Facebook page on Wednesday.
Pradipta Mukherjee
Bitcoin News
Bitcoin returns above US$29,000 support level, most top 10 tokens rise
Bitcoin was the day’s biggest gainer, rising 2.11% in the past 24 hours. Ether rose 1.11%.
Pradipta Mukherjee
Regulation
China is Binance’s largest market with US$90 billion despite crypto ban: WSJ
Binance users in China traded about US$90 billion worth of cryptocurrency-related assets in May despite the crypto ban since 2021.
Danny Park
Advanced Blockchain Technologies
Shanghai plans blockchain infrastructure hub to link with Hong Kong, Singapore by 2025
Shanghai plans to build a blockchain infrastructure by the end of 2025 and establish links with Hong Kong and Singapore.
Tom Zuo
Regulation
Tokenization could bring mass adoption to crypto — or trigger disaster: Opinion
Tokenization is having a breakout year, but providers must learn from the past to prevent another FTX or Celsius-level crisis, writes Philipp Pieper of Swarm.
Philipp Pieper
Altcoins
Cryptos show resilience; BNB gains on Binance Japan launch
Bitcoin, Ether and most other top ten tokens gained Wednesday morning in Asia, with BNB leading winners after Binance Japan launch.
Danny Park
NFTs and Art
The diversity in NFTs
NFT trading volumes continue to stay low but gaming NFTs gave traders some positive news this week.
Yehudah Petscher
Altcoins
Binance Japan launches with 34 tokens, BNB debuts in the country
Binance announced the launch of Binance Japan on Tuesday, offering 34 cryptocurrencies.
Zoltan Vardai
Bitcoin News
Bitcoin, Ether extend losses; most other top 10 cryptos fall
Bitcoin fell in Tuesday afternoon trading in Asia, dipping below the support level of US$29,000.
Pradipta Mukherjee
Regulation
Crypto’s latest inflection point an opportunity for Asia to lead, says Circle’s Yam Ki Chan
Speaking at the WebX Asia conference in Tokyo, Circle’s Singapore-based vice president of strategy and policy discusses U.S. regulation, growing pains in the crypto industry and Asia’s burgeoning role as a Web3 innovator.
Will Fee
Blockchain Security
Web3 has a big security problem, and the industry is not doing enough to protect users: Opinion
If Web3 wants to be an alternative to traditional finance, the industry must make itself less vulnerable to hacks and security breaches, writes Richard Meissner.
Richard Meissner
Bitcoin News
Bitcoin, Ether drop in Asia afternoon trading amid DeFi hack reports; most other leading tokens decline
Bitcoin and Ether fell in early Tuesday afternoon trading in Asia, with Bitcoin slipping below support at US$29,000. Ether fell more than 2%.
Danny Park
Altcoins
Tether says USDT excess reserves reached US$3.3 billion in Q2
Tether Holdings Limited, the issuer of stablecoin USDT, released its consolidated reserves report for the second quarter of 2023 on Monday, showing consolidated assets of at least US$86.5 billion against total liabilities of US$83.2 billion. Tether reported an increase of approximately US$850 million in its excess reserves, totaling around US$3.3 billion as of June 30, the close of the quarter.
Pradipta Mukherjee