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.
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.