Altcoins
Markets: Bitcoin, Ether extend losses; Polygon, Solana biggest losers
Bitcoin and Ether fell in Wednesday afternoon trade in Asia, along with all other top 10 non-stablecoin cryptocurrencies by market capitalization.
Pradipta Mukherjee
Forkast
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Most recent
Regulation
Hong Kong to invest US$6.37 million to spur Web3 growth
Hong Kong is allocating HK$50 million (US$6.37 million) to develop its Web3 sector, the Financial Secretary Paul Chan announced Wednesday.
Danny Park
Bitcoin News
Coinbase reports growth in Q4 earnings despite decline in users
Coinbase reported an increase in its Q4 earnings on Tuesday, even as overall users declined throughout the period.
Lachlan Keller
Altcoins
Ankr token surges 60%, partners Microsoft for enterprise-grade node service
ANKR surged by more than 60% after the blockchain infrastructure startup announced a partnership on Tuesday with Microsoft.
Danny Park
Economic Impacts
Markets: Bitcoin, Ether fall as 2-year bond nears 15-year high
Bitcoin and Ether fell on Wednesday morning trading in Asia along with all other top 10 non-stablecoin cryptocurrencies by market cap.
Lachlan Keller
Crypto Trading and Strategies
Centralized crypto exchanges are dying, so long live centralized crypto exchanges?
Multi-billion dollar bankruptcies, fraud allegations, scandal, and plunging cryptocurrency prices in 2022 all characterized why investors came to distrust centralized exchanges. Yet, some commentators expect platforms to become ever more centralized … and regulated.
Danny Park
Altcoins
Polygon Labs cut 20% of workforce
Polygon Labs is firing 20% of its workforce, or about 100 positions, as part of its business consolidation.
Zoltan Vardai
Altcoins
Bitcoin exceeds 154,000 inscriptions in a month as Litecoin Ordinals launches
The Bitcoin Network has recorded over 154,554 inscriptions since the launch of Bitcoin Ordinals on Jan. 21, a fork that enables digital assets to be inscribed on satoshis (sats)
Zoltan Vardai
Regulation
FTX Japan resumes withdrawals through Liquid Japan web platform
FTX Japan, the Japanese subsidiary of Sam Bankman-Fried’s bankrupt FTX, resumed withdrawal of customer holdings on Tuesday.
Dylan Butts
Bitcoin News
Markets: Bitcoin gains, returns to US$25,000; XRP biggest winner in top 10 cryptos
Bitcoin and Ether prices rose in Tuesday afternoon trade in Asia, while all other top 10 non-stablecoin cryptocurrencies were mixed. XRP led gains at 2.37%, while Solana and Polygon dropped saw the largest declines.
Pradipta Mukherjee
Advanced Blockchain Technologies
China’s Shenzhen city to stamp data ownership on blockchain
Shenzhen is adopting blockchain technology to safeguard data ownership, as China seeks to build a regulated data economy.
Tom Zuo
Crypto Trading and Strategies
Crypto hedge fund Galois Capital to close after losing US$40 mln in FTX
Cryptocurrency-focused hedge fund Galois Capital will close and return the remaining funds to investors after losing US$40 million worth of assets in the collapse of crypto exchange FTX.com
Lachlan Keller
Regulation
Huobi plans to move headquarters to Hong Kong from Singapore
Cryptocurrency exchange Huobi Global is seeking to relocate its Asia headquarters from Singapore to Hong Kong.
Danny Park
Regulation
How Web3 in China is taking shape — with ‘Chinese characteristics’
What makes Web3 compelling to many is its promise to shift power from centralized players to individual users, but China is doing the opposite, writes Lily King.
Lily Z. King
Altcoins
Markets: Bitcoin, Ether up, Solana, Helium rise after merge announcement
Bitcoin and Ether rose in a mixed morning for the top 10 non-stablecoin cryptocurrencies. Solana posted the biggest gains while Polygon’s Matic led losses Tuesday morning in Asia.
Lachlan Keller
Advanced Blockchain Technologies
Philippine province taps blockchain technology, eyes tokenization
The Philippines' Bataan province wants to streamline systems and procedures of government services through blockchain technology and tokenization, Bataan Governor Joet Garcia told Forkast.
Jenny Ortiz
Bitcoin News
Bitcoin surpasses Visa’s market cap to be 11th largest asset in the world
Zoltan Vardai
Regulation
Hong Kong begins public consultation on crypto licensing regime
The Hong Kong Securities and Futures Commission is calling for public feedback on its new proposals to regulate the crypto industry set to take effect in June.
Dylan Butts
Bitcoin News
Markets: Bitcoin rises above US$24,000; Solana gains most in top 10 cryptos
Bitcoin rose above US$24,000 in Monday afternoon trade in Asia while all other top 10 non-stablecoin cryptocurrencies were mixed. Ether gained 0.18%, while Solana strengthened the most across the top 10 cryptos.
Pradipta Mukherjee