Markets: Bitcoin edges up; U.S. stocks, bonds post worst returns in 5 decades

Bitcoin and Ether made up some ground, with most other tokens in the crypto top 10 little changed in early Thursday morning trading in Asia. Bitcoin traded back above US$20,000 after falling through that resistance level overnight. Global macroeconomic headwinds continue to drag on both crypto and capital markets. See related article: Markets: Bitcoin trades […]

Ukraine National Police takes down crypto fraud cybercrime group

The National Police of Ukraine (NPU) said on Tuesday it took down a network of call centers targeting Ukrainian and European Union citizens, who have already been duped by crypto scams. See related article: Ukraine seizes funds from crypto wallet funding Russian forces Fast facts According to NPU’s official announcement, the cybercrime network was disguised […]

Ethereum’s Vitalik Buterin to release book on proof of stake

Vitalik Buterin will release a book on proof-of-stake consensus on Sept. 27, compiling various writings by the Ethereum founder over the last 10 years, according to his recent Twitter post. See related article: Vitalik Buterin says he used Tornado Cash to donate to Ukraine Fast facts The book, titled “Proof of Stake, The Making of […]

Markets: Bitcoin trades above US$20,000, Ether slides, Cardano gains

Bitcoin held on to the US$20,000 mark, but was trending weaker in late Wednesday afternoon trading in Asia. Ether was also moving lower, along with most other top 10 coins by market capitalization. Cardano was the standout on the list with a marginal gain. See related article: Markets: Bitcoin dips back below US$20,000, Ether falls […]

Asia crypto advocates look beyond English to promote digital assets

Cryptocurrency advocates and exchanges in Asia say they are teaching the ins and outs of digital assets and blockchain in regional languages to help promote crypto investments and protect people against scams. See related article: Crypto is based on the greater fool theory: Philippines’ incoming central bank chief Fast facts Philippine crypto exchange Coins.ph, which […]

Bitcoin mining difficulty at its second highest on record, rises over 9%

Bitcoin mining difficulty rose by 9.3% on Wednesday, marking the biggest jump since January and the second highest level on record, according to data from BTC.com. See related article: Chinese mining rig maker Canaan says global expansion on track despite ‘crypto winter’ Fast facts The mining difficulty reading was at 30.98 trillion, as of block […]

Tether pushes back at WSJ doubts on its reserves

In response to the Wall Street Journal alleging that Tether’s USDT stablecoin is not adequately backed by reserves, Tether called the report a series of “unsubstantiated conclusions” that tried to “discredit Tether’s work on transparent and honest communications to the public.” See related article: Should Tether’s shrinking cash reserves be cause for investor worry? Fast […]

Crypto.com refunded user US$7 million instead of US$68 – took 7 months to realize

Singapore-based cryptocurrency exchange Crypto.com in May 2021 transferred AU$10.4 million (US$7.15 million) to an Australian woman instead of an intended refund of AU$100 (US$68), and took seven months to recognize the mistake, the Herald Sun newspaper reported. See related article: Bitcoin sent by mistake, recipient will not be punished for keeping it: South Korea ruling […]

South Korea’s capital city launches first stage of “Metaverse Seoul”

Seoul is launching a closed test run of the first stage of its metaverse project on Wednesday. See related article: ​​South Korea wants to be the physical home of the metaverse Fast facts The test run will feature the virtual reconstruction of Seoul city hall and the Seoul Plaza, where participants can participate in interactive […]

FTX agrees to help South Korea’s Busan build its own crypto exchange

Busan, South Korea’s second most populous city, Tuesday signed a memorandum of understanding (MOU) with global cryptocurrency exchange FTX to help develop a digital asset exchange. See related article: Binance to help S. Korea’s Busan build first city-backed exchange Fast facts FTX will provide technical and infrastructure assistance to Busan city in establishing the digital […]

Markets: Bitcoin dips back below US$20,000, Ether falls in boxed-in crypto market

Bitcoin fell back below US$20,000 after moving above that resistance line on Tuesday, while Ether also lost ground in early morning trading in Asia on Wednesday amid signs broader macroeconomic concerns are keeping a lid on cryptocurrency markets. See related article: Markets: Bitcoin holds gains; Ether, Avalanche surge; Solana jumps Fast facts Bitcoin fell 2.5% […]

Indonesia’s biggest tech firm buys local crypto exchange

Indonesia’s biggest tech firm GoTo Gojek Tokopedia (GOTO) has forayed into the cryptocurrency market with the purchase of local crypto exchange Kripto Maksima Koin for US$8.38 million. See related article: Indonesia’s wholesale CBDC to be ready for bank use by year end: report Fast facts GoTo has acquired 100% of Kripto Maksima Koin shares for […]

Temasek to lead US$100M funding round in Animoca Brands: report

Singapore state-backed fund is leading a US$100 million funding round into Hong Kong-based blockchain and game venture Animoca Brands, Bloomberg reported.  See related article: Singapore’s Temasek says doesn’t own Bitcoin, but prepping for tokenized assets Fast facts Temasek will make the investment through convertible bonds, according to unnamed sources cited by Bloomberg. Temasek has been […]

Fed expects to launch long-awaited Faster Payments System by 2023  

The new payments system will allow faster payments of bills, paychecks and other transfers around-the-clock instead of days. See related article: Fed issues guidelines for crypto banks to enter central banking system Fast facts The U.S. Federal Reserve expects to launch the payments system between May and July of 2023, after a testing phase beginning […]

Crypto lender Hodlnaut placed under creditor protection by Singapore court

Singapore-based crypto lender Hodlnaut has been placed under Interim Judicial Management (IJM), a form of creditor protection, and will now be managed and controlled by interim judicial managers appointed by court order. See related article: Singapore’s central bank says cryptocurrencies have ‘no fundamental value’ Fast facts Hodlnaut said its legal representatives attended the IJM hearing […]

Binance Australia strengthens user protection: report

Binance Australia is tightening its sign-up process for new users, as part of renewed efforts to protect users considered most vulnerable to scams and cyber attacks, according to a report by Binance Australia. See related article: Binance to suspend ETH deposits, withdrawals during “The Merge” Fast facts According to the report, the company’s research and […]

Markets: Bitcoin holds gains; Ether, Avalanche surge; Solana jumps

Bitcoin and Ether added to morning gains in Tuesday afternoon trading in Asia, as most other top 10 coins by market capitalization also rose. Avalanche rebounded after a slump over the weekend following whistleblower allegations that the company paid a law firm to stage litigations and class-action lawsuits against its rivals. See related article: Markets: […]

Bank of Korea to institutionalize ICOs in new crypto law

South Korea will have to institutionalize initial coin offerings (ICO) when establishing its new crypto law, tentatively named the Digital Asset Basic Act, according to the Bank of Korea (BOK). See related article: South Korea’s all-encompassing crypto law is coming — what we know so far Fast facts South Korea’s Financial Services Commission banned ICOs […]

CME Group launches euro-denominated Bitcoin, Ether futures

CME Group — the world’s largest operator of financial derivatives markets, including the Chicago Mercantile Exchange — has launched euro-denominated futures on Bitcoin and Ether. See related article: New US crypto bill seeks to make CFTC top Bitcoin, Ethereum watchdog Fast facts Six euro-denominated Bitcoin futures contracts were sold on Monday, while Ethereum futures sold […]

SEC, Ripple take XRP lawsuit battle to media as well

The ongoing battle between the U.S. Securities and Exchange Commission and Ripple Labs over the latter’s token XRP is playing out not just in a courtroom but in media channels as well. See related article: SEC files no objection to Ripple request to seal non-party identities in XRP lawsuit Fast facts Stu Alderoty, general counsel […]

Operating profit at Upbit parent Dunamu drops 70%

Dunamu, the owner of South Korea’s leading cryptocurrency exchange Upbit, reported an operating profit of 566.1 billion Korean won (about US$419 million) for the first half of this year, a 70% decrease compared to the same period last year. See related article: Dunamu denies making US$100 million off of LUNA Fast facts Dunamu’s consolidated operating […]

FTX CEO: no plan to buy crypto exchange Huobi

Sam Bankman-Fried, CEO of crypto exchange FTX, denied on Tuesday that he has a plan to buy out another crypto exchange, Huobi, after a rumor circulating on Chinese social media said that FTX has acquired the exchange. See related article: FTX CEO: This is the canary in China’s crypto ban coal mine Fast facts “No, […]

Argentine province Mendoza to accept cryptocurrency as payment for taxes

The western Argentine province of Mendoza — the fifth most populous in the country — now accepts cryptocurrency as a payment option for taxes, the Mendoza Tax Administration (ATM) announced on Saturday. See related article: El Salvador’s Bitcoin adoption, one week on Fast facts Mendoza’s roughly 2 million residents will now be able to pay […]

S.Korea’s internet-only KakaoBank partners with crypto exchange Coinone

South Korea’s internet-only bank KakaoBank has signed a contract with local cryptocurrency exchange Coinone to provide withdrawal and deposit accounts to investors under their real names, per local regulations. See related article: South Korea’s crypto crackdown: What you need to know Fast facts While the partnership deal has been settled, it has not been announced […]

Markets: Bitcoin back above US$20,000; Ether, Ether Classic jump ahead of merge

Bitcoin broke back above US$20,000 in Tuesday morning trading in Asia, with most of the top 10 cryptocurrencies by market capitalization gaining. Ether rebounded, while Avalanche also recovered from a drop-off following whistleblower allegations that the company “weaponized” litigation against its rivals. See related article: Markets: Bitcoin fails to hold above US$20,000, Ether slumps, SHIB […]

Most crypto “still junk”, JPMorgan’s blockchain lead claims

Excluding a few dozen tokens, most cryptocurrencies are bound to “go away,” according to Umar Farooq, Chief Executive Officer of JPMorgan’s blockchain unit. See related article: Singapore’s MAS says needs to do better job explaining crypto policy Fast facts “Most of crypto is still junk,” he said at the Monetary Authority of Singapore’s Green Shoots […]

Bitcoin miners, investors still active in BTC despite price fluctuations

Although the price of Bitcoin fell below US$20,000 for the first time since mid-June after sliding 7% in the 24 hours following Federal Reserve Chairman Jerome Powell’s hawkish speech, the number of addresses holding over 0.1 bitcoin hit all-time-high on Sunday. This was despite mining difficulty for the crypto likely to see its third-highest ever […]

Markets: Bitcoin fails to hold above US$20,000, Ether slumps, SHIB slides

Bitcoin traded below US$20,000 and Ether fell further in Monday afternoon trading in Asia. Solana fell, along with memecoins Dogecoin (DOGE) and Shiba Inu (SHIB), with SHIB dropping below Dai and Polygon by market capitalization. See related article: Bitcoin stays below US$20,000 Monday morning after Friday Fed shock Fast facts Bitcoin traded down 0.83% in […]

ENS domain name expires as developer is in prison, becomes up for grabs in Sept.

The domain for the Ethereum Name Service Decentralized Autonomous Organization (ENS DAO), eth.link, now displays an empty page with a banner saying the domain has expired, as the only person with authority to renew it is in prison. See related article: What is ENS (Ethereum Name Service) and how does it work? Fast facts Ethereum […]

China exploring blockchain for energy trading

The National Energy Administration (NEA) will explore blockchain-based power trading platforms to facilitate electricity trading between self-contained power generation units and the state and national grids, according to a policy document released last Friday. see related article: The Bitcoin-energy connection intensifies Fast facts Blockchain technology’s immutable characteristic can provide transparent and reliable electricity metering and proof […]

SEC files no objection to Ripple request to seal non-party identities in XRP lawsuit

The U.S. Securities and Exchange Commission has decided not to object to Ripple Lab’s request to seal identities of certain non-parties and Ripple employees in the Daubert motions, as its lawsuit against Ripple drags on. See related article: SEC seeks to file up to 90-page long reply to motion in XRP lawsuit Fast facts The […]

S.Korea’s science ministry announces ethical principles for the metaverse

South Korea’s Ministry of Science and ICT (MSIT) has recently unveiled the first draft of core ethical principles that are fundamental for growing and participating in the metaverse. See related article: South Korea places $185M bet on the metaverse Fast facts The science ministry’s three values for the metaverse participants are an intact self-identity, safe […]

Grayscale says XLM, ZEC and ZEN may be securities after SEC inquiry

In recent filings, the crypto asset management firm has said Stellar (XLM), Zcash (ZEC) and Horizen’s (ZEN) native cryptocurrencies may be securities. Grayscale was responding to questions from the U.S. Securities and Exchange Commission (SEC) regarding the company’s crypto trusts. See related article: Grayscale sues SEC over spot Bitcoin ETF rejection Fast facts In its […]

Markets: Bitcoin stays below US$20,000 Monday morning after Friday Fed shock

Bitcoin and Ether fell Monday morning in Asia, along with all other cryptocurrencies in the top 10 by market capitalization. The slump continues a slide over the weekend after U.S. Federal Reserve Chairman Jerome Powell rocked crypto and equity markets on Friday with comments about economic pain ahead as the Fed raises interest rates to […]

Markets: Bitcoin, Ether fall; Solana, BNB slip, while Cardano rises

Bitcoin and Ether reversed from morning gains in Friday afternoon trading in Asia. Solana was the biggest loser among the top 10 coins by market capitalization, followed by BNB. See related article: Markets: Ethereum, Ethereum Classic lead crypto gains as Bitcoin posts modest gains Fast facts Bitcoin traded down 1.34% in the past 24 hours […]

Thailand’s SCBX scraps plan to buy 51% stake in crypto exchange Bitkub

Thailand’s oldest lender SCBX Pcl has announced it is withdrawing from an earlier decision to purchase a 51% stake in the crypto exchange Bitkub for US$500 million, citing regulatory issues. See related article: Thailand’s central bank to get more power in crypto regulation overhaul: report Fast facts In a statement addressed to the Stock Exchange […]

Binance to help S. Korea’s Busan build first city-backed exchange

Global crypto exchange Binance and the city of Busan in South Korea announced a memorandum of understanding (MOU) on Friday to promote the growth of the blockchain ecosystem in the city and the development of the Busan Digital Asset Exchange. See related article: Issue tokens later for growth, not for initial fundraising, advises Binance chief […]

Taiwan to launch digital ministry, use Web 3.0 against Chinese cyberattacks

Taiwan’s Ministry of Digital Affairs will officially launch on Aug. 27, with information security and Web 3.0 technology as key focus areas to protect against Chinese cyberattacks amid escalating tensions between China and Taiwan. See related article: Taiwan completes trials of its prototype CBDC for retail use Fast facts The new ministry will be in […]

India financial crime-fighters search CoinSwitch crypto exchange

India’s Enforcement Directorate (ED) has searched five premises connected with cryptocurrency company CoinSwitch on alleged money laundering charges, according to a media report. See related article: India’s WazirX says it has no-tolerance policy on illegal activities Fast facts The country’s central agency fighting financial crime conducted searches at residences of CoinSwitch directors and the official […]

Animoca Brand’s Japan subsidiary raises US$45 Mln to invest in NFT

Animoca Brands KK, the Japanese unit of Hong Kong blockchain investment firm Animoca Brands, Friday said it raised US$45 million from the world’s second-largest financial group Mitsubishi UFJ Financial Group (MUFG), and parent Animoca Brands. See related article: Japan’s Mitsubishi UFJ to issue yen-pegged stablecoin: report Fast facts MUFG and Animoca Brands each invested US$22.5 […]

SBF denies FTX Ventures merger with Alameda’s crypto VC

Sam Bankman-Fried, chief executive officer of FTX exchange, denied a recent report by Bloomberg which stated that the venture capital subsidiary under FTX would merge with the VC operations under Alameda Research, a sister company of FTX. See related article: FTX revenue grew 1,000% in 2021 amid booming crypto market: SBF  Fast facts “This seems […]

Binance to suspend ETH deposits, withdrawals during “The Merge”

Binance, the world’s largest cryptocurrency exchange by trading volume, said it will suspend deposits and withdrawals for ETH and ERC-20 during “The Merge,” in support of Ethereum’s migration to the proof-of-stake (PoS) model. See related article: Ethereum finalizes start date for Bellatrix upgrade Fast facts Binance said on Thursday that it will do so on […]

BTC miner Whinstone countersues Japan’s GMO Internet for US$15 mln

Riot Blockchain (RIOT)’s Bitcoin mining facility Whinstone is seeking at least US$15 million in damages from Japanese tech company GMO Internet in a four-year-long dispute over usage of mining equipment, according to a document filed in the U.S. District Court for the Southern District of New York on Monday. See related article: Crypto miners plan […]

Markets: Ethereum, Ethereum Classic lead crypto gains as Bitcoin posts modest gains

Ethereum and Ethereum Classic headlined the day’s top gainers among the crypto top 100 while Bitcoin traded sideways during early Friday morning trading in Asia. The total crypto market was up 1.3% to US$1.04 trillion while U.S. investors remain shaky as they await guidance on possible interest rate rises from the Federal Reserve. See related […]

Crypto ATM Bitcoin Depot unveils US$885 mln SPAC listing plans

Bitcoin Depot has announced its backdoor listing plans on the Nasdaq by the first quarter of 2023 via a merger with special purpose acquisition company (SPAC) GSR II Meteora at an estimated equity value of US$885 million, the crypto ATM operator said in a statement. See related article: Bitcoin ATMs face existential threat in Hong […]

Each NFT scam perpetrator gained average of $300,000 in past year: Elliptic report

More than US$100 million worth of NFTs were scammed between July 2021 and July 2022, with each scam perpetrator making an average of US$300,000, according to a report released on Wednesday by crypto analysis firm Elliptic. See related article: Who fared worse in cryptocurrency slump: criminals or legitimate users? Fast facts Crypto mixer Tornado Cash […]

Shanghai Data Exchange launches untradeable NFTs

The Shanghai Data Exchange has debuted blockchain-based digital assets without allowing secondary trading, a day after the exchange began digital asset trading on Wednesday.  See related article: Ant Group, JD.com, Tencent pledge to resist speculation of ‘digital collectibles’ Fast facts The debut occurred despite the Chinese government’s consistent warnings against NFT hype, and as Shanghai’s […]

Markets: Bitcoin, Ether bounce back; XRP climbs, Ether Classic jumps, Ankr gains on staking

Bitcoin and Ether staged a rebound Thursday afternoon in Asia, with most other tokens in the top 10 cryptocurrencies by market capitalization following them higher in a tentative recovery from last week’s slump. See related article: Markets: Bitcoin treads water, Ether Classic gets a bump, Cosmos gains on Kujira news Fast facts Bitcoin gained 1.97% […]

Alleged Tornado Cash Developer Alexey Pertsev to stay in jail

Alleged Tornado Cash developer, Alexey Pertsev, was accused of facilitating money laundering through the now-sanctioned crypto mixer. Pertsev will stay in jail for at least another 90 days, a judge in the Netherlands ruled on Wednesday. The developer has not been officially charged with any crime. See related article: Tornado Cash arrest heralds storm season […]

Crypto trader donates US$100,000 to YouTuber fighting defamation suit

Crypto trader Cobie has donated US$100,000 to YouTuber Erling Mengshoel “Atozy” to fight a lawsuit filed against him by Ben Armstrong “BitBoy Crypto”. See related article: Crypto ‘finfluencers’ are attracting a new following — of regulators Fast facts In a Twitter post, Atozy said he was being sued by BitBoy Crypto for a video Atozy […]

Ethereum finalizes start date for Bellatrix upgrade

The “Bellatrix” upgrade ahead of the Ethereum merger will activate on Sept. 6, followed by the Ethereum mainnet merge between Sept.10-20, according to a blog published on Thursday by the Ethereum Foundation. See related article: Fast facts “The Merge” intends to shift the Ethereum blockchain from its current proof-of-work  (PoW) mechanism to a proof-of-stake (PoS) […]

SEC seeks to file up to 90-page long reply to motion in XRP lawsuit

The U.S. Securities and Exchange Commission is requesting to file a lengthy reply to its motion that seeks to exclude the testimony of Ripple Labs’ witnesses, as the SEC’s lawsuit against Ripple drags on. See related article: Judge grants Ripple’s request to review videos of SEC officials Fast facts The SEC filed the request on […]

Ant Group, Malaysian investment bank Kenanga develop crypto wealth app

Ant Group, Chinese tech giant Alibaba’s fintech affiliate, has partnered with Malaysian investment bank Kenanga to launch a wealth management app with features to trade cryptocurrencies. See related article: Tencent gets patent nod to use blockchain for missing persons’ notices Fast facts Kenanga Investment Bank Berhad announced on Wednesday that it signed a memorandum of […]

Tether says didn’t freeze sanctioned Tornado Cash addresses so as to not interfere in investigations

Tether Holdings Ltd.,the issuer of USDT, the world’s largest stablecoin by market capitalisation, Wednesday said freezing the sanctioned addresses might interfere with ongoing investigations despite no clear instruction to do so by law enforcement. See related article: Bad actors in North Korea, Russia send record-high funds to crypto mixers Fast facts The U.S. Treasury Department’s […]

Markets: Bitcoin treads water, Ether Classic gets a bump, Cosmos gains on Kujira news

Bitcoin and Ether were little changed in Asia on Thursday morning, though Ether Classic rose. Solana and Cardano lost ground along with most other top 10 tokens by capitalization, though the global cryptocurrency market cap edged up 0.23% to US$1.03 trillion. Investors across all financial markets remain on edge about the direction of interest rates […]

Markets: Dogecoin still in the dog house; Bitcoin, Ether make up some ground

Bitcoin and Ether traded higher in Wednesday afternoon trading in Asia, as the two biggest cryptocurrencies in the top 10 by market capitalization made up some marginal ground from the recent slump. Dogecoin fell, marking a 20% loss over the past seven days. See related article: Markets: Bitcoin, Ether gain with most of crypto top […]

Ukraine seizes funds from crypto wallet funding Russian forces

The Security Service of Ukraine (SSU) seized and blocked a cryptocurrency wallet used to fund the Russian military campaign in the country. The agency is working on tracking the funds and transferring them under Ukrainian jurisdiction, according to the SSU. See related article: Vitalik Buterin says he used Tornado Cash to donate to Ukraine Fast […]

Nike becomes highest-earning brand for NFT sales

Footwear giant Nike’s non-fungible token (NFT) projects have brought the company’s revenue to US$185.34 million, more than seven times that of luxury fashion brand Dolce & Gabbana, which ranks second in NFT profits, according to the data published on crypto analysis platform Dune. See related article: Touchdown: How ex-NFL players are helping college athletes score […]

Crypto exchange Bitfinex plans new chain split tokens

iFinex Financial Technologies Limited, which operates the Bitfinex cryptocurrency exchange, has announced Ethereum chain split tokens (CSTs) to help prepare for all eventualities as the Ethereum merge nears.  See related article: ‘The Merge’ can make crypto payments mainstream again: Vitalik Buterin Fast facts “The Merge” upgrade involves the Ethereum blockchain’s transition from the proof-of-work (PoW) […]

Huobi Global talking to Malaysian regulator about being put on investor alert list

Huobi Global told Forkast it is working towards being in compliance with Malaysia after its securities regulator put the Seychelles-based cryptocurrency exchange on its investor alert list for operating the digital asset business without proper registration. See related article: Huobi to end crypto derivatives trading in New Zealand Fast facts “We are currently in discussions […]

NFT platform SudoRare vanishes with 519 Ethereum

Non-fungible token (NFT) platform SudoRare has allegedly run off with US$815,000 in user funds and deleted its social media accounts, raising alarms over investor protection.  See related article: Klaytn chief says reducing ‘human elements’ can prevent hacks Fast facts According to PeckShield Inc., a blockchain security and data analytics company, SudoRare took off with 519 […]

Beijing, Hengqin ramp up metaverse amid struggling economy

Following Shanghai’s plan to develop its metaverse industry, additional local Chinese governments are adding the metaverse to their economic blueprints. Two recent plans come from Beijing’s Tongzhou District and Hengqin near neighboring Macau, just as some of China’s tech companies are shrinking their businesses to face an economic downturn. See related article: Shanghai sees its […]

Coinbase hit with lawsuit over allegedly poor security

U.S.-based cryptocurrency exchange Coinbase has been hit with a class action lawsuit last week over claims the firm allegedly failed to properly secure customers’ accounts, leaving them vulnerable to unauthorized activity. See related article: Coinbase under investigation by SEC, quarterly report reveals Fast facts Filed in the U.S. District Court for the Northern District of […]

Philippines central bank approves two more digital banks

A total of six digital banks are now allowed to operate in the Philippines after the Bangko Sentral ng Pilipinas (BSP) issued Certificates of Authority to UnionDigital Bank, Inc. (UDB) and GoTyme Bank Corporation (GTYME). Read more: Philippine central bank governor says no plan to ban crypto BSP earlier authorized four digital banks namely Tonik […]

Markets: Bitcoin, Ether gain with most of crypto top 10; BNB slips, U.S. equities flat

Bitcoin gained along with most other top 10 tokens by market capitalization in early morning trading in Asia, though Ether was the pace leader with the larger climb. U.S. equities were little changed overnight. See related article: Markets: Bitcoin edges up, Ether posts biggest gain among top 10 tokens Fast facts Bitcoin added 0.6% to […]

Bitcoin has been mounting in DBS Digital Exchange in volatile June

Bitcoin custodied by Singapore-based DBS Digital Exchange (DDEx) grew by 30% from April 30 to June 30 this year while Ethereum under custody grew by 3% during the same period.  See related article: DBS Bank slams brakes on retail crypto trading Fast facts Bitcoin bought on DDEx in June was nearly four times that of […]

More than half of Indian crypto investors want to increase investments: report

Over 50% of Indian crypto investors intend to increase their investments over the next six months as they view the asset class as a long-term investment rather than hype, according to a report by cryptocurrency exchange Kucoin.  See related article: Most Indian traders impacted by India’s crypto tax: survey Fast facts While 56% of crypto […]

Markets: Bitcoin edges up, Ether posts biggest gain among top 10 tokens

Bitcoin made up some ground, while Ethereum posted the largest gain among the top 10 coins by market capitalization in Tuesday afternoon trading in Asia. Dogecoin was the second-largest gainer among the top 10. See related article: Markets: Bitcoin, Ether mixed; Solana hit six-week low overnight, Dogecoin dips Fast facts Bitcoin gained 0.62% in the […]

Tencent gets patent nod to use blockchain for missing persons’ notices

Chinese tech giant Tencent has received a patent for blockchain-based notices for missing persons, as the tech firm continues to explore blockchain applications despite shutting one of its non-fungible token (NFT) platforms recently. See related article: Tencent’s Huanhe allows NFT refunds, halts further sales Fast facts Tencent’s design could enhance the efficiency of publishing such […]

Hodlnaut owes US$200 mln debt to 17,000 creditors: report

The Singapore and Hong Kong-based Hodlnaut has a funding gap of about US$193 million, and potentially 17,513 creditors, crypto media outlet The Block reported citing an affidavit the troubled crypto lender filed with the court last week. See related article: India authorities freeze Vauld exchange’s assets worth $46.5 mln Fast facts Hodlnaut currently has S$391 […]

S. Korea tax authority says crypto airdrops subject to gift tax: report

Virtual asset airdrops could be subject to gift taxes in South Korea, local publication Yonhap News Agency reported on Monday, citing tax authorities. See related article: S. Korea’s 20% crypto tax delayed by two more years Fast facts In response to a tax law interpretation inquiry, a government official said recipients of free virtual asset […]

Celsius ‘withhold’ account depositors lawyer up to seek claims

Another group of claimants against bankrupt crypto lender Celsius Network LLC is banding together to retain legal representation and seek to form an ad hoc group in bankruptcy hearings to get their money back. See related article: Celsius says it owes its users US$4.72B amid a US$1.19B balance sheet deficit Fast facts “A F,” an […]

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