Forkast
Regulation
U.S. prosecutors and the Securities and Exchange Commission (SEC) have started to investigate cryptocurrency-focused conglomerate Digital Currency Group (DCG), Bloomberg reported on Saturday, citing unnamed sources.
Timmy Shen
Bitcoin News
Bitcoin and Ether rose in Monday morning trading in Asia, rising with the rest of the top 10 non-stablecoin cryptocurrencies by market capitalization, with Cardano and BNB changing the most.
Lachlan Keller
Crypto Trading and Strategies
Seychelles-based crypto exchange company Huobi plans to lay off about 20% of its staff, according to a Friday report from Reuters.
Dylan Butts
Altcoins
LDO surged as Ethereum’s upcoming March upgrade is expected to resolve current risks in ETH staking. BitDAO also gained with its buyback plan.
Danny Park
Altcoins
Bitcoin and Ether dipped in Friday afternoon trading in Asia, with nearly all other top 10 non-stablecoin cryptocurrencies slipping. Dogecoin was the biggest loser, while Cardano’s ADA was the sole gainer in the top 10 cryptos.
Timmy Shen
Regulation
The U.S. SEC has objected to Binance’s U.S. affiliate’s proposed US$1 billion purchase of bankrupt crypto lender Voyager Digital’s assets.
Zoltan Vardai
Regulation
Hong Kong should make efforts to encourage the establishment of virtual assets rating agencies, and consider developing the e-HKD, the city’s central bank digital currency in the works, into a stablecoin, a Hong Kong lawmaker said in a recent media interview.
Timmy Shen
Investment Insights
Animoca Brands Corp. has scaled down the target amount for its Web 3.0 and metaverse investment fund to US$1 billion.
Danny Park
Bitcoin News
Cryptocurrency-focused conglomerate Digital Currency Group (DCG) is shutting down its wealth management unit called HQ, CoinDesk, a DCG-owned media outlet, reported on Friday.
Timmy Shen
Altcoins
Bitcoin and Ether traded little changed Friday morning in Asia, with most other top 10 non-stablecoin cryptocurrencies losing ground.
Danny Park
Altcoins
Slump in prices of some non-fungible tokens and other digital assets allows U.S. holders to take advantage of a loophole to reduce capital gains taxes.
Timmy Shen
Bitcoin News
Cryptocurrency bank Silvergate Capital has laid off 40% of its staff, or about 200 employees, after the collapse of FTX.com, which sparked mass withdrawals of around US$8.1 billion.
Zoltan Vardai
Altcoins
Bitcoin edged down and Ether remained unchanged on the day, in Thursday afternoon trading in Asia. Dogecoin was the biggest gainer among the top 10 non-stablecoin cryptocurrencies, while Litecoin recorded the largest loss.
Timmy Shen
Regulation
A Shanghai court ruled that investments in cryptocurrency-powered play-to-earn (P2E) games are not protected by law in China.
Tom Zuo
Regulation
U.S. prosecutors are moving to seize the US$460 million worth of Robinhood Markets Inc., shares linked to Sam Bankman-Fried, the former chief executive officer of Bahamas-based bankrupt cryptocurrency exchange FTX.com
Lachlan Keller
Regulation
MoneyGram has requested the court to seal certain portions of summary judgment materials in Ripple Labs’ ongoing lawsuit against the SEC.
Timmy Shen
Blockchain Security
What are ‘naming collisions,’ and why will unique user-owned identities play a pivotal role in Web3's future success? Matthew Gould explains.
Matthew Gould
Economic Impacts
Bitcoin and Ether rose in Thursday morning trading in Asia along with most other top 10 non-stablecoin cryptocurrencies. Cardano led the gainers, while Litecoin and Tron were the only ones on that list to fall.
Lachlan Keller
Regulation
India’s current cryptocurrency tax structure “may lead to a loss of approximately US$1.2 trillion of local exchange trade volume in the next four years,” according to research by Esya Centre, a technology policy think tank in India.
Pradipta Mukherjee
Altcoins
Cryptocurrency payments company Wyre is reportedly shutting down operations by the end of January, amid the broader crypto market downturn following the fall of FTX
Zoltan Vardai
