Court denies SEC request for info on Ripple’s recent XRP transactions
A judge has denied the U.S. Securities and Exchange Commission’s request for documents related to Ripple’s XRP transactions and lobbying efforts that took place after the SEC filed its lawsuit last December, according to a new legal filing. Fast facts: “As discussed in the Court’s earlier Opinion and Order denying access to Ripple’s privileged communications, […]
ConsenSys, Hong Kong university launch Ethereum-powered Covid passport
The Chinese University of Hong Kong and Ethereum software company ConsenSys today announced the launch of a Covid-19 digital health passport.
Thailand tightens rules for crypto exchanges and bans meme, fan, NFT tokens
Thailand’s securities regulator has announced new rules for cryptocurrency exchanges in the country, including a ban on utility tokens and meme tokens.
Input Output Hong Kong announces launch of AlonzoBlue2.0 testnet
Input Output Hong Kong has announced on Twitter that it has launched AlonzoBlue2.0 to the Cardano testnet.
Ethereum sees record institutional outflows of US$12.7M
Ethereum saw its largest institutional outflows on record last week as outflows from Bitcoin eased, according to a report by CoinShares.
Bitcoin mining difficulty drops twice in a row to new 2021 low
On June 14, the difficulty of Bitcoin mining fell 5.3%, the first time this year that there have been two consecutive downward adjustments.
African P2P Bitcoin trading roars ahead of other regions
Africa has emerged as the region with the highest growth in P2P Bitcoin trading volume over the past six months.
Court gives Ripple execs go-ahead to obtain XRP info from 16 foreign exchanges
A judge overseeing discovery in the U.S. Securities and Exchanges Commission’s lawsuit against Ripple Labs has granted the SEC’s request to extend deadlines by 60 days as well as a request by co-defendants Ripple CEO Brad Garlinghouse and executive chairman Chris Larsen to obtain information from 16 cryptocurrency exchanges outside the United States. Fast facts: […]
Ant, Ping An, Tencent Cloud win top slots in Chinese blockchain ranking
Ant Group, Ping An Group and Tencent Cloud ranked as the top three among 50 leading Chinese industrial blockchain enterprises in 2020.
El Salvador’s BTC remittances in May quadruple from last year
Bitcoin transactions in El Salvador during May increased by more than four times compared to a year ago, yet fiat remittances still represent the vast majority of transactions in the country.
China reveals e-CNY wallet specifications
China’s central bank has unveiled four specifications of digital wallets for the country’s state-issued digital currency, the e-CNY.
Hundreds of Bitcoin mining rigs seized in Malaysia police raids
Four people have been arrested and more than 400 Bitcoin mining machines seized by police in the Malaysian city of George Town.
Huobi launches Blockchain Assets Center for token listings
Huobi Group has announced the launch of a Blockchain Assets Center to provide a standardized, streamlined process for projects seeking to list on its cryptocurrency exchange, Huobi Global.
Indian crypto exchange WazirX in probe over US$382M in suspect transactions
India’s Enforcement Directorate has issued a show cause notice to cryptocurrency exchange WazirX for alleged foreign exchange violations involving 27.9 billion rupees (US$382 million).
Twitter chief says integration of BTC Lightning Network “a matter of time”
Twitter’s founder and CEO says the integration of Bitcoin layer-2 payments — the Lightning Network — into the social media platform may be on the horizon.
Some cryptos unfit for payment, says Chinese central bank ex-governor
A former governor of the People’s Bank of China said today that some cryptocurrencies have forfeited their opportunity to return to use as methods of payment.
Foreign crypto exchanges eye India despite regulatory uncertainty
Despite regulatory uncertainty over cryptocurrency trading in India, some of the world’s largest crypto exchanges are looking to enter the market.
Is Chinese province Yunnan banning cryptocurrency mining?
Yunnan is getting prepared to ban cryptocurrency mining activities, BTC.top, one of the country’s major mining pools, today told Forkast.News, citing a screenshot of a notice.
Algorithm-generated NFT artwork sells at Sotheby’s for US$11.8M
Auction house Sotheby’s has sold a non-fungible token of a digital artwork known as “CryptoPunk, Alien #7523” for US$11.8 million.
Bitmain rallies crypto miners to ponder options as industry eyes China exit
Chinese crypto mining rig maker Bitmain is reportedly set to meet with miners and industry participants next week to discuss relocating mining operations overseas.
Australian serviced office firm to accept rent in crypto
Australian serviced office firm Business Hub will accept cryptocurrency as payment for rent on serviced office space and other business services as of July 1.
IMF targets El Salvador’s Bitcoin adoption, citing financial and legal concerns
The International Monetary Fund (IMF) will meet with El Salvador’s President Nayib Bukele to finalize discussions around a pandemic relief loan to support the Central American nation. In a Thursday press briefing, IMF spokesman Garry Rice also implied that El Salvador’s decision to make Bitcoin a national currency will be a focus of the meeting for the IMF team.
Singapore’s GIC takes 8% stake in HK’s digital asset company BC Group
GIC, Singapore’s sovereign wealth fund, is investing in BC Group—the parent company of OSL, Hong Kong’s first licensed cryptocurrency exchange.
Cross-chain NFTs coming with Polkadot’s Unique Network and RMRK
Unique Network, an NFT chain for Polkadot, and NFT protocol RMRK announced today that they are partnering on expanding the functionalities of NFTs across blockchains.
Basel Committee starts public consultation on banks’ crypto asset exposures
The Basel Committee on Banking Supervision has launched a public consultation on preliminary proposals for the treatment of banks’ crypto asset exposures.
Jump Trading partners with Solana-based DeFi protocol Oxygen
Jump Trading, a high-frequency trading firm, is joining Oxygen, a decentralized finance prime brokerage protocol, as a strategic partner and market-maker to provide liquidity on the Oxygen platform.
BIS, Swiss and French central banks team up for CBDC Project Jura
The BIS, together with the central banks of France and Switzerland, are collaborating on a wholesale central bank digital currency experiment for cross-border settlements.
Coinbase partners with 401(k) provider ForUsAll on crypto retirement plans
Retirement investment platform ForUsAll is partnering with Coinbase to expand access to cryptocurrencies through the U.S. 401(k) pension scheme.
South Korea cracks down on suspicious crypto exchange accounts
South Korea’s main finance sector regulator has launched an investigation of accounts operated by crypto exchanges under false or third-party names.
Singapore central bank says blockchain can boost Asia’s low-carbon future
Ravi Menon, managing director of the Monetary Authority of Singapore, says technologies such as blockchain will help Asian nations to reduce carbon emissions.
Crypto wallet firm Ledger closes US$380M funding round
Paris-based crypto hardware wallet provider Ledger announced today the completion of a US$380 million series-C fundraise.
U.S. millennial crypto fans want to spend their coins like cash, study shows
Ninety-three percent of millennial current or former cryptocurrency holders in the U.S. would consider using their digital coins for everyday purchases, according to a recent survey.
Asian crypto exchange Kikitrade wins funds from UK billionaire Alan Howard
Kikitrade today announced a US$12 million fund raise with investment from British hedge fund billionaire Alan Howard to accelerate its growth.
China’s biggest crypto exchanges blocked from internet searches, social media
Huobi, OKEx and Binance have been blocked by the country’s most popular internet search engines and social media platforms.
Ripple: Delaying SEC lawsuit would pose ‘existential threat’ to XRP
In a new court filing, Ripple describes the damage the SEC lawsuit has already done to XRP and the payment company’s now-frozen US business.
Moonstake ties up with Uzbekistan exchange in blockchain push
Staking service provider Moonstake has partnered with UzNEX to provide blockchain consulting services in Southeast Asia and the Middle East.
China’s Xinjiang and Qinghai regions ban cryptocurrency mining
Xinjiang and Qinghai regions in China are now banning cryptocurrency mining, after Inner Mongolia tightened its crypto mining ban last month.
New York State passes bill restricting Bitcoin mining
A bill restricting the granting of crypto mining permits on environmental ground has passed the New York State Senate.
Iranian president calls for crypto regulation to mitigate risks
Iran wants to “preserve and protect national interests” in the field of digital currencies and cryptocurrencies, Iranian President Hassan Rouhani says.
Cardano to roll out smart-contract tools in new product suite
Cardano is set to provide tools for developers, end users and businesses to execute smart contracts in financial agreements through a new suite of products.
Beijing Winter Olympics vendors begin to accept digital yuan
Shijingshan, a site for the upcoming Winter Olympics, has started supporting payments made using the state digital money, known as e-CNY.
Miami property deal breaks crypto real estate record
A Miami property has set a record for the highest price paid in cryptocurrency in a real estate transaction — US$22.5 million.
Chinese Bitcoin investors among most profitable globally
Bitcoin investors in China saw greater returns in 2020 than almost any other nation — second only to the US.
Australian crypto exchange Bitunivex plans to go green
Australian crypto exchange Bitunivex.com has announced plans to offset its carbon footprint by investing in green crypto initiatives.
Hong Kong eyes digital currency as part of new fintech plan
Hong Kong will be initiating a study on a digital Hong Kong dollar as part of its plans to “future proof” the city for central bank digital currencies.
Ripple proposes federated sidechains for XRP Ledger smart contracts
Ripple is inviting feedback from its developer community on a plan to introduce federated sidechains on the XRP Ledger.
KuCoin exchange in Ontario regulator’s sights after law breaches
The Ontario Securities Commission is set to take enforcement action against two companies behind the cryptocurrency exchange KuCoin for violating the province’s securities laws.
Indian crypto exchanges form self-regulatory body
Crypto exchanges in India have partnered with the Internet and Mobile Association of India to form a self-regulatory body.
Bitcoin worth millions recovered from Colonial Pipeline ransomware attack
Millions of dollars worth of Bitcoin paid to ransomware hackers who shut down the main fuel pipeline on the U.S. East Coast last month has been recovered.
Beijing looks to boost blockchain, create industry champions
China has released guidelines aimed at boosting the country’s blockchain development.
Four in 10 Australian millennials would buy crypto over real estate
Nearly 40% of Australians born between the early 1980s and mid-1990s would rather invest in cryptocurrencies than real estate, according to a nesurvey.
Crypto exchange Fasset expands to Southeast Asia
Cryptocurrency exchange Fasset has received three licenses from the Labuan Financial Services Authority in Malaysia for business operations in the country.
XRP sees robust institutional inflows; Ethereum ‘altcoin of choice,’ report says
XRP last week saw inflows of US$7 million into investment products, the most since April, according to CoinShares.
Bitcoin mining rig maker Canaan to open service center in Kazakhstan
Canaan, one of the largest crypto mining rig makers in the world, is opening its first-ever service center outside China—in Kazakhstan.
CoinShares lists Bitcoin, Ethereum and Litecoin ETPs on Germany’s Börse Xetra
CoinShares has announced that its Bitcoin, Ethereum and Litecoin physically-backed exchange traded products have cross-listed on Germany’s Börse Xetra exchange.
Binance launching NFT platform with ‘100 Creators’ campaign
Binance today announced a “100 creators” campaign featuring creative talents from around the world as part of the launch of its non-fungible token marketplace on June 24.
El Salvador poised to adopt Bitcoin as legal tender
El Salvador is proposing a bill to adopt Bitcoin as legal tender in the Central American nation. In a videotaped announcement shown at the Bitcoin 2021 Conference in Miami, President Nayib Bukele said he would submit the bill this week.
South Korean crypto exchange executives face ban from own platforms
South Korea’s Financial Services Commission has announced plans to ban executive employees and exchange operators from trading on their own platforms, prompting a chorus of complaints. Fast Facts: The FSC’s Financial Intelligence Unit recently met with officials from cryptocurrency exchanges to explain upcoming amendments to the Act on Reporting and Use of Certain Financial Transaction Information, […]
NortonLifeLock bids to turn users into home Ethereum miners
Users of cybersecurity product NortonLifeLock will soon be able to mine Ethereum on their home computers through a new feature named Norton Crypto.
Shanghai in US$3M e-CNY windfall ahead of Dragon Boat holiday
Following a digital yuan giveaway announced for Beijing last week, Shanghai will distribute 350,000 red envelopes to people across the city during next week’s Dragon Boat Festival.
Crypto mining rig maker Goldshell to launch ‘mine-at-home’ kits in Asia
Crypto mining equipment manufacturer Goldshell has announced that it will launch a new line of mining rigs designed specifically for home use in Asian markets.
Weibo blocks crypto accounts as Chinese clampdown continues
Microblog platform Weibo has blocked more than 30 influential Chinese cryptocurrency-related accounts amid a series of actions by Beijing against crypto mining and trading.
Australia’s first Bitcoin capital growth fund gaining interest
Australia’s first capital growth fund to offer institutional exposure to BTC has announced its received inquiries from some of the country’s largest companies.
Luno crypto exchange looks to expand into Indonesia and SE Asia
Global crypto exchange Luno is in talks with conglomerate Lippo Group to launch operations in Indonesia in order to enter the Southeast Asian market.
Prominent Chinese economist urges public to ‘avoid confusion’ between digital currency and cryptocurrencies
It is important to distinguish between developing a digital currency for currency digitalization and digitalization of assets or cryptocurrencies so that China can be more focused on preventing risks in the financial sector, said Fan Gang, a Peking University professor and a prominent advocate in China for economic reform. Fast Facts: In a keynote speech […]
Regulators in Hainan warn of illegal crypto fundraising schemes
Regulators Hainan province have issued a warning against illegal fundraising schemes using crypto or blockchain..
South Korea will tax overseas crypto assets starting next year
S. Korea residents with accounts in foreign crypto exchanges may have to report their crypto holdings starting in 2022. Above what amount is taxable?
UK watchdog: Crypto firms fall short on anti-money laundering rules
Many of Britain’s crypto firms are failing to meet required anti-money laundering and counter-terrorism financing laws, says the country’s watchdog.
BitFlyer to launch Bitcoin-Japanese yen pair for U.S. traders
BitFlyer announced today that it is launching a Bitcoin-to-Japanese yen pair for currency traders in the U.S.
NFT sales slump amid May crypto crash
The market for non-fungible tokens took a beating in May amid turmoil in the cryptocurrency sector, according to industry data.
South Korean crypto exchange Upbit in the dock over botched transfers
Eleven users of Upbit have filed a class action lawsuit against its owner, Dunamu Inc., seeking damages over a suspected technical failure.
Google to lift ban on ads for crypto wallets, exchanges
Google has announced plans to lift a ban on advertising cryptocurrency wallets and exchanges that has been in place for almost three years. A ban on advertising initial coin offerings will remain, however. Fast Facts: An advertising policy update on the company’s main webpage states that advertisers of crypto wallets and exchanges targeting the US […]