Bitcoin News
Bitcoin dips over weekend, other top 10 cryptos mixed; US stock futures edge down
Bitcoin rose to trade at over US$30,300 on Monday morning in Asia, but the price fell over the weekend to around the pre-Ripple ruling level.
Danny Park
Contributor
Danny Park
Danny is a journalist at Forkast.News. Originally from South Korea, Danny has produced content for media companies in Korea, Hong Kong and China. He holds a Bachelor of Journalism and Business Marketing from the University of Hong Kong.
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Regulation
After U.S. court rules Ripple XRP is not a security, industry remains cautious
In a long-awaited decision, the U.S. court ruled in favor of Ripple Labs in its case against the Securities and Exchange Commission, providing a boost to most cryptocurrency prices. But industry participants remain wary.
Danny Park
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Regulation
Celsius founder Alex Mashinsky arrested, pleads not guilty to fraud
Alex Mashinsky, founder and CEO of Celsius Network, pleaded not guilty after being arrested in the U.S. Thursday on several fraud-related criminal charges.
Danny Park
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Altcoins
USDC issuer Circle trims workforce
Stablecoin issuer Circle has reduced its workforce and investment in non-core activities.
Danny Park
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Regulation
Seoul prosecutors chasing Do Kwon establish crypto investigations team
The Seoul Southern District Prosecutors’ Office announced that it will launch the Virtual Asset Joint Investigation Unit at the end of this month.
Danny Park
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Regulation
South Korea mandates new accounting rules for domestic crypto sector
South Korea’s FSC is requiring companies that issue or own cryptocurrencies to provide detailed crypto disclosures from 2024.
Danny Park
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Bitcoin News
Gamers can now earn Bitcoin rewards on Minecraft via Zebedee
Zebedee, a New Jersey-based payments technology firm, will allow Minecraft players to earn Bitcoin by completing in-game quests.
Danny Park
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Bitcoin News
Crypto ‘extremely speculative’ investment, not money, says Bank of England Governor Bailey
Bank of England governor Andrew Bailey said Bitcoin and other cryptocurrencies don’t meet standards to be recognized as money.
Danny Park
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Regulation
South Korea holds first court hearing for Terra co-founder Daniel Shin on crypto fraud charges
South Korea on Monday held the first preliminary hearing for Terraform Labs co-founder Daniel Shin and seven other former employees on charges related to the collapse of the Terra-Luna crypto project.
Danny Park
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Regulation
South Korea, Singapore, Thailand clarify crypto rules as U.S. in state of regulatory ‘warfare’
While Asia nations such as Singapore and Thailand seem to be following the U.S. regulator in frowning upon certain products offered by crypto exchanges, the approach in Asia so far seems to be clarity instead of court battles, in contrast with North America
Danny Park
