Samsung Asset Management launches metaverse fund
Samsung Asset Management, South Korea’s biggest asset manager, has launched a fund tied to a virtual world known as the metaverse.
Mexican finance minister reiterates crypto ban after bank unveils Bitcoin plan
Mexico’s finance minister reiterated his country’s ban on cryptocurrencies on Monday, saying they are not legal tender and are not to be treated as currencies within the country
Bitcoin hashrate falls to lowest in 22 months amid China mining clampdown
Bitcoin’s hashrate fell to 58.7971 exa hashes per second on Sunday — the lowest point since August 2019.
Singapore central bank joins IMF, World Bank to push state digital currencies
The Monetary Authority of Singapore is inviting proposals for retail central bank digital currency innovations to improve payment services.
Hong Kong to press ahead with digital dollar, e-CNY plans
Hong Kong’s financial secretary has reiterated the city’s determination to develop digital versions of the Hong Kong dollar and the mainland Chinese yuan.
Lawmaker clarifies Paraguay won’t try to make Bitcoin legal tender
Lawmaker Carlos Rejala tamped down speculation that Paraguay might follow El Savador’s footsteps in making Bitcoin legal tender.
Shiba Inu price jumps 25% after Elon Musk throws new Twitter bone on dog
Elon Musk set off a new SHIB price rally after tweeting that he would name his Shiba Inu—the dog breed that the joke meme coin is named after—’Floki.’
Crypto exchange Gemini buys carbon offsets, pledges carbon-neutrality
Crypto exchange Gemini has bought US$4 million in carbon credits to offset the environmental impact of its Bitcoin holdings
Australian blockchain project targets construction sector traceability
Accountancy giant KPMG is partnering with Australian property group Mirvac to create a blockchain platform to track the provenance of buildings.
Palestine looks to launch central bank digital currency
Following Israel’s recent tests of a digital shekel, the Palestinian Monetary Authority is looking to launch its own central bank digital currency.
Mining rig maker Bitmain halts sales amid flood of second-hand machines
Chinese crypto mining rig maker Bitmain has decided to suspend global spot sales of its Antminer machines, as some of its clients are reselling their rigs.
Blockchain data cruncher Chainalysis raises $100M to expand in Asia Pacific
Chainalysis, the blockchain and cryptocurrency data analytics firm, announced today that it has raised US$100 million in a Series E funding round with a US$4.2 billion valuation. Fast facts: Headquartered in New York, Chainalysis provides blockchain-based software that enables governments and businesses to detect and prevent cryptocurrency crime and money laundering. Chainalysis’ series E round […]
Tesla, Facebook and Netflix stock tokens launch on Solana blockchain
Swiss-based Digital Assets AG, a firm focused on the design of tokenized stock infrastructure, has launched over 50 tokenized stocks on the Solana public blockchain.
Suspects arrested in US$500M ransomware crypto laundering case
Law enforcement agencies in several countries have arrested suspected members of a crypto-linked cybercrime group believed to be responsible for laundering more than US$500 million from ransomware attacks.
Paraguay university to accept crypto for tuition fees
A university in Paraguay has announced that it will begin accepting cryptocurrency as payment for tuition starting from August.
Bitcoin ETFs start trading on Brazil, Dubai stock exchanges
QR Capital’s Bitcoin exchange-traded fund — the first Bitcoin ETF in Latin America — has been listed on Brazil’s stock exchange.
Israeli central bank tests digital shekel using Ethereum
The Bank of Israel is testing its central bank digital currency, the digital Shekel, in a private permissioned ecosystem using Ethereum.
Following forced closure, Hong Kong’s Apple Daily preserved on blockchain
A tech-savvy activist is using blockchain technology to preserve content from Hong Kong’s Apple Daily, which was yesterday forced by the government to shut down.
China’s Ant Group launches blockchain-boosting transmission network
Ant Chain, Ant Group’s technology brand, has launched a new blockchain communication technology at Ant Chain’s first developer conference.
South Korea points to crypto regulation efforts after calls for watchdog to quit
South Korea’s presidential office has reacted defensively to a petition calling for the chief of the country’s main finance sector regulator to step down over comments he made about cryptocurrencies.
Survey: 32% of novice traders only invested in crypto in past year
Nearly one in three novice traders reported making no traditional investments outside crypto over the past year, according to a survey published today by Overbit, a Singapore-based cryptocurrency exchange. In contrast, 85.3% of professional traders reported diversifying their investment portfolios to stock, real estate or other traditional assets. Fast facts: The survey of 3,000 traders […]
Australian auction house begins accepting crypto for all items
Auction house Lloyds Auctions Australia has begun accepting cryptocurrency for all purchases on its marketplace.
Rig maker Bitmain offers help to Chinese miners looking to relocate abroad
Chinese mining rig maker Bitmain is offering assistance to clients that want to relocate their cryptocurrency mining operations from China to other countries.
Binance NFT marketplace launches with auction of Dali, Warhol
Crypto exchange Binance is launching a non-fungible token marketplace, auctioning NFTs of artworks by Andy Warhol and Salvador Dali.
Court grants Ripple access to SEC’s internal trading policies on XRP
A judge has granted Ripple’s request to force the U.S. Securities and Exchange Commission to reveal its non-public policies regarding whether agency employees may buy and sell XRP and other cryptocurrencies, according to a screenshot of a new legal filing shared by the lawyer representing XRP holders. Fast facts: Earlier this month, Ripple sought the […]
John McAfee dead by suicide in Spanish jail before extradition to US
John McAfee has died by suicide in a prison cell in Barcelona after a Spanish court authorized his extradition to the US where he faced tax evasion charges.
Chinese crypto mining rig maker Bitmain suspends sales as prices drop
Chinese mining rig maker Bitmain has stopped selling in-stock cryptocurrency mining equipment amid a plunge in the prices following a shutdown of major mining pools in China.
Bitcoin mining rig maker Canaan breaks ground in Kazakhstan
Canaan, one of the world’s biggest crypto mining rig makers, has launched its own crypto mining business in Kazakhstan.
South Korean crypto exchange Upbit in dock in trading tech case
South Korean crypto exchange Upbit — the country’s biggest — is facing a lawsuit filed by a university foundation alleging patent infringement.
Taiwan developing Covid-19 blockchain platform to track jab history
A team of doctors and engineers in Taiwan is developing a blockchain-based platform that could keep track of residents’ vaccination histories and health conditions.
U.S. SEC settles with Loci over unregistered securities offering
The U.S. SEC has settled charges against Loci and its CEO, John Wise, for allegedly making false statements in connection with a sale of digital asset securities.
Indian crypto investors could be stung by 2% foreign operator levy
Indian cryptocurrency investors could face a 2% levy on transactions made through foreign-owned crypto exchanges operating in the country.
Iran seizes record haul of 7,000 crypto mining machines
Iranian police have confiscated 7,000 cryptocurrency mining machines from an abandoned factory in western Tehran, the largest batch discovered in recent days.
Chinese payment giant Alipay starts selling NFTs
Chinese payment app Alipay has started selling non-fungible token artwork, finding buyers for a combined 8,000 editions of two artworks within one day.
U.S. Treasury nominees pledge beefed-up crypto AML enforcement
Two nominees to the U.S. Treasury Department have promised, if they are confirmed in their posts, to implement new regulations relating to cryptocurrency.
Report: US cryptocurrency crimes surging by 300% a year
Crypto-related crime in the US increased an average of over 300% per year from 2017 to 2020with a total of 82,135 cases last year alone.
Polkadot DeFi hub Acala’s Karura network wins first Kusama auction
Decentralized finance hub Acala Network’s sister network, Karura, has won the first parachain lease auction on Kusama, Polkadot’s pre-production network, and is now successfully producing blocks, according to an announcement today. Fast facts: The successful completion of Kusama’s first parachain slot auction and Karura’s launch brings Polkdot ever closer to its rollout. Karura raised more […]
South Korean crypto exchange Upbit to sue Pica Project after delisting coin
South Korean cryptocurrency exchange Upbit is preparing legal action against crypto coin issuer Pica Project, whose tokens it has delisted from its platform.
French central bank, SEBA Bank wrap CBDC securities settlement test
France’s central bank has successfully completed a central bank digital currency experiment involving the settlement of listed securities with Switzerland’s SEBA Bank.
Bearish crypto sentiment focused on Bitcoin, CoinShares says
Bitcoin is in its sixth consecutive week of institutional outflows, with US$89 million exiting the coin, according to a weekly fund flows report.
Bybit joins growing list of crypto exchanges in Canadian regulator’s crosshairs
The Ontario Securities Commission (OSC) is seeking to bring enforcement action against Singapore-based crypto derivatives exchange Bybit for allegedly violating the Canadian province’s securities laws, according to a statement. Fast facts: “Bybit, incorporated in the British Virgin Islands, is operating an unregistered crypto asset trading platform, encouraging Ontarians to use the platform, and allowing Ontario […]
Sotheby’s will accept Bitcoin and Ether for 101-carat diamond auction
Sotheby’s has announced it will be accepting cryptocurrency as payment in an upcoming auction for a 101.38-carat diamond with flawless clarity.
Chinese central bank orders lenders to cut cryptos’ financial lifelines
The People’s Bank of China has told the country’s big banks and other finance sector heavyweights to cut off financing sources for cryptocurrency transactions.
Iran bans blockchain association, citing regulatory breaches
Iran’s interior ministry has suspended the Iran Blockchain Association over alleged breaches of government regulations.
Over 3,000 ATMs in Beijing now support digital yuan withdrawals
Two of China’s largest state-owned banks, the Industrial and Commercial Bank of China (ICBC) and the Agricultural Bank of China (ABC), are now offering two-way exchange between fiat cash yuan and e-CNY digital currency through more than 3,000 ATMs in Beijing, according to reports in local media. Over 3,000 ATMs in Beijing managed by ICBC […]
S. Korean banks start crypto exchange reviews as contract renewals loom
South Korean lenders have started money laundering risk assessments of the country’s “big four” cryptocurrency exchanges, with which they have contracts to provide real-name accounts.
CoinShares partners with Germany’s Finanzen Zero on crypto ETPs
European digital asset manager CoinShares hasannounced a partnership with German financial news portal Finanzen.net to bring crypto exchange traded products to investors with no trading fees.
Bitcoin hashrate plunges as Chinese crypto mining crackdown hits Sichuan
The Bitcoin hashrate plunged over the weekend following a clampdown on cryptocurrency mining by the southwestern Chinese province of Sichuan.
Paraguay may adopt Bitcoin as lawmaker seeks to follow El Salvador
Following El Salvador’s move to become the first country in the world to recognize Bitcoin as legal tender, a Paraguayan congressman has announced plans to do the same in the South American nation next month.
Survey: Crypto investing gender gap is narrowing in Australia
The number of Australian women investing in cryptocurrency has grown this year from 7% in January to 11% in June.
Miami woos crypto miners fleeing China
The city’s mayor says it welcomes an exodus of miners from China amid a generalized clampdown on the industry.
U.S. securities watchdog’s regulatory agenda turns blind eye to crypto
Dashing hopes of greater regulatory clarity for the cryptocurrency industry, the U.S. Securities and Exchange Commission’s recently released annual regulatory agenda does not mention Bitcoin or cryptocurrency regulations.
MSCI to launch cryptocurrency index
Global securities index MSCI plans to launch a cryptocurrency index, according to CEO Henry Fernandez.
Grayscale eyes 13 more crypto assets including Polygon, Bancor
Institutional digital asset manager Grayscale announced today that it is exploring 13 more assets for its trusts, mainly related to decentralized finance.
‘China’s Robinhood’ halts CME crypto futures services amid sector clampdown
Chinese stock trading app Futu Niuniu has suspended Chicago Mercantile Exchange cryptocurrency futures services and stopped supplying crypto market information.
New Singapore telco to offer contract-free, blockchain-backed services
Gorilla Mobile, Singapore’s newest mobile virtual network operator, is set to roll out blockchain technology to offer contract-free services.
Angry Aussie crypto investors eye Binance class action
Australian investors adversely impacted by repeated system failures on Binance are considering taking a class action lawsuit to recoup their losses.
U.S. Republican Party to accept donations in cryptocurrency
The National Republican Congressional Committee in the US will begin accepting donations in cryptocurrency.
South Korean crypto exchanges face ban on listing own tokens
South Korea’s Financial Services Commission today revealed plans to ban cryptocurrency exchanges in the country from listing their own coins.
Chinese blockchain behind financial SOEs to set up new HQ in Chongqing
Yunphant is set to build a second headquarters for its blockchain company in the southwestern Chinese city of Chongqing, according to a report by China News.
Singapore DeFi derivatives exchange SynFutures closes US$14M fund raise
SynFutures, a Singapore-based decentralized derivatives exchange, today announced the closure of a US$14 million series series-A funding round led by Polychain Capital.
Singapore’s PSB Academy launches Ethereum-hosted blockchain diploma
PSB Academy, a private education institution in Singapore, ACCESS, a crypto non-profit, and learning platform Skilltree today announced the launch of a blockchain diploma program.
Airbnb to face decentralized rival as Dtravel launches
Former executives from online travel platforms have partnered with Binance-backed Travala.com to launch an Airbnb-like decentralized home-sharing platform.
El Salvador feels confused over salary payments in Bitcoin
The El Salvadorean Department of Labor and Social Welfare has had to clarify it is not within its purview to determine whether salaries can be paid in Bitcoin.
Blockchain-powered air quality sensor test launches in Hong Kong
France-based PlanetWatch, which records air quality data on Algorand’s blockchain, has launched its first test sensor in Hong Kong.
China’s public Chang’An Chain gets upgrade to accelerate processing
Chinese homegrown public blockchain platform Chang’An Chain has been equipped with 96-core blockchain-specific chips, and 23 companies joined its ecosystem yesterday.
BitDAO raises US$230M with Peter Thiel, VCs to drive DeFi adoption
BitDAO — a new decentralized autonomous organization that aims to promote and propel the mass adoption of open finance and the decentralized tokenized economy — has announced the completion of a US$230 million private sale.
Diginex and crypto exchange EQUOS rebrand as EQONEX
Nasdaq-listed Diginex, a Singapore-based digital asset financial services company, today announced a rebranding of its businesses, including the EQUOS cryptocurrency exchange, as EQONEX.
India reviews cryptocurrency ‘ban’ legislation
The Indian government and leading industry stakeholders are reviewing elements of legislation that proposed a ban on cryptocurrencies.
South Korean crypto exchanges race to comply with strict new rules
Fifty South Korean crypto exchanges have applied for certification under the country’s Information Security Management System — the first step in meeting stringent new crypto exchange regulations.
R3 and ASEAN network partner on CBDC sandbox for banks and fintechs
The ASEAN Financial Innovation Network (AFIN) is partnering with enterprise software firm R3 on a central bank digital currency (CBDC) sandbox.
Coinbase Pro adds Shiba Inu, Chiliz and Keep, causing prices to spike
Coinbase will add Shiba Inu, Chiliz and Keep Network to its professional trading platform with full trading beginning at 9am PT if liquidity conditions are met.