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Bitcoin, Ether in red, XRP lone gainer in top 10

A downturn impacted Bitcoin and Ether, along with the majority of top 10 non-stablecoin cryptocurrencies in Wednesday’s Hong Kong trading session. XRP remained the sole exception, maintaining its positive performance from the morning.

Bitcoin, Ether flat; XRP jumps; U.S. equity futures mixed ahead of debt ceiling vote

Bitcoin traded flat on Wednesday morning in Asia, after briefly breaching US$28,000. Ether dipped while other top 10 non-stablecoin tokens traded mixed.

XRP edges past Bitcoin, Ether with Tuesday’s largest gains

Bitcoin and Ether inched up during Tuesday afternoon trading hours in Hong Kong, while the rest of the top 10 non-stablecoin cryptocurrencies by market capitalization were mixed.

Bitcoin, Ether dip; XRP rises; U.S. equity futures gain as debt ceiling worries fade

Bitcoin fell in Tuesday morning trading in Asia. Ether and most other top 10 non-stablecoin tokens also logged losses, while XRP gained.

Bitcoin drops below US$28,000, Tron’s deflation slows losses

Bitcoin couldn’t maintain its Monday morning gains as the world’s largest cryptocurrency dropped below US$28,000 in the afternoon.
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Beijing releases Web3 white paper, highlights challenges in talent, rules

Beijing’s local government on Saturday released a white paper outlining plans and challenges for development of the city’s Web 3.0 industry.

Bitcoin back above US$28,000 as cryptos rebound on positive debt ceiling talks

Bitcoin moved back above US$28,000 on Monday morning in Asia, leading a rally among all top 10 non-stablecoin tokens. Ether reclaimed the US$1,900 level.

Weekly Market Wrap: Bitcoin weighed down by debt ceiling uncertainty

Bitcoin traded above US$26,000 as the uncertainty around the U.S. debt ceiling negotiations caused global concerns over a potential governmental default. Crypto markets will stay muted until a deal is reached, Industry experts told Forkast.

Most top 10 cryptos up, despite looming fears of US default

Bitcoin and Ether rose during afternoon trading in Asia on Friday, along with most of the top 10 non-stablecoin cryptocurrencies by market capitalization, excluding the Solana and Tron tokens.

China: Zhengzhou City proposes metaverse plan

China’s Zhengzhou city issued a set of policy proposals Wednesday to support metaverse companies, including a 10 billion yuan (US$1.42 billion) metaverse fund.

Why GameFi is the future of the new player economy

Opinions about Web3 gaming remain divided, but it’s undeniable that NFTs and GameFi offer players big opportunities, writes Ramona Ciocea of Protokol.

Hong Kong Solidifies Crypto Regulations even as Malaysia bears down on Huobi

The launch of Hong Kong’s very own CBDC comes with new regulations for crypto trading platforms operating in the city.

Top 10 cryptos decline, except Matic, as debt ceiling negotiations erode risk appetite

Bitcoin and Ether fell during afternoon trading in Asia, along with all other top 10 non-stablecoin cryptocurrencies by market capitalization, excluding Polygon’s Matic token. Most Asian equities declined while most U.S. stock futures strengthened, despite Fitch Ratings placing America’s AAA rating on a negative watch, citing rising concerns that the government could default on its […]

Hong Kong’s new crypto rules covered by China state TV in rare move from Beijing

Analysts say the move could signal a bull run in cryptocurrencies.

Bitcoin drops near US$26,000 amid U.S. debt uncertainties

All top 10 non-stablecoin cryptocurrencies fell, as investors assess macro sentiment.

Japan to implement anti-money laundering rules for crypto: report 

Japan will introduce strict anti-money laundering rules on cryptocurrency transactions from June 1, the Southeast Asian nation’s cabinet decided on Tuesday.

Bitcoin drops below US$27,000, Dogecoin biggest loser

Bitcoin dropped 2.33% to US$26,671. Ether lost 2.15% but traded above US$1,800.
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China’s Nanjing city launches state-backed metaverse entity

China’s Nanjing City launched a state-backed organization on Monday to promote and enhance metaverse studies throughout the nation.

Crypto’s aversion to anti-money laundering standards is only hurting itself

For crypto to grow for the long term, the industry must show greater respect for global standards that combat crime, writes Slava Demchuk of AMLBot.

Bitcoin, Ether rise; Dogecoin falls despite record high transaction volume

Top 10 non-stablecoin cryptos traded mixed, while investors continue to assess U.S. debt talks.

Governments could access Ledger wallet private keys, says CEO

Cryptocurrency wallet Ledger’s new update allows governments to access users’ seed phrases via subpoena, said Pascal Gauthier, the chief executive officer of Ledger. 

All top 10 cryptos rise; Hotbit crypto exchange shuts down; U.S. stock futures drop

Bitcoin gained 1.71% and Ether climbed 2.35%. Polygon gained the most in 24 hours followed by Tron.
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Bitcoin, Ether, top 10 cryptos rise; US futures climb

The top 10 non-stablecoin cryptocurrencies, including Bitcoin and Ether, were up across the board as U.S. Fed rate talks and debt negotiation outcomes remain unpredictable.

Bitcoin, top 10 cryptos fall except Tron; U.S. futures slightly up; Asian equities rise

Bitcoin traded below US$27,000 in Monday afternoon trade in Asia.
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Bitcoin, Ether fall; Tron trades higher; Investors digest G7, U.S. debt ceiling implications

Bitcoin fell below US$27,000 on Sunday, dipping further Monday morning in Asia as wider macro developments continue to weigh.

Weekly Market Wrap: Bitcoin trades below US$27,000 amid U.S. debt ceiling negotiations

Bitcoin traded below the US$27,000 mark for most of the week, as investor sentiment was weighed down by the prospect of the U.S. government’s potential default. Investors will be closely monitoring the ongoing debt ceiling negotiations.

XRP lone gainer among top 10 cryptocurrencies

Bitcoin and Ether fell during afternoon trading in Asia, along all other top 10 non-stablecoin cryptocurrencies by market capitalization, excluding XRP.

Matic leads crypto rise despite Ledger security concerns

Cryptocurrencies rebounded on Thursday but wallet service provider Ledger’s latest update raised new security concerns.

Conflux Network, China Telecom unveil blockchain-based SIM card

Conflux Network and China Telecom on Tuesday unveiled their first blockchain-based SIM card, which will be piloted in Hong Kong.

Bitcoin, Ether mixed; Polygon leads gainers; Equity futures flat as U.S. debt default worries recede

Bitcoin prices rose on Thursday morning in Asia. Ether edged down, while other top 10 non-stablecoin cryptocurrencies by market capitalization gained.

Ordinals inscriptions slow down but Bitcoin congestion lingers

Ordinals inscriptions have slowed down this week but Bitcoin continues suffering from congestion issues due to the BRC-20 craze.

Bitcoin slips below US$27,000, XRP leads gains in top 10 cryptos

Bitcoin prices dropped below US$27,000 on Wednesday afternoon in Asia, while XRP gained the most after positive news for Ripple Labs on its lawsuit against U.S. Securities and Exchange Commission.
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Web3 needs to engage with local communities. Its future depends on it

Web3’s terrible user experience, scams and lack of diversity could be solved if its leaders take a cue from environmentalists and ‘act locally,’ writes Tim Williamson of NieuxCo.

Bitcoin, Ether fall, Solana leads declines; U.S. stock futures trade flat; Asian equities mixed

Bitcoin fell 0.58% while Ether dropped 0.36%. Solana was the biggest loser of the day, dropping 1.67%.
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Bitcoin, Ether gains; Litecoin continues bull run; optimism a solution to US debt crisis can be reached

Bitcoin prices rose along with Ether, while Litecoin continues to lead gainers among other top 10 non-stablecoin cryptocurrencies.

Bitcoin, Ether push higher, Litecoin biggest gainer in top 10 cryptos; U.S. stock futures, Asian equities gain

Bitcoin rose 2.07% to US$27,409 in 24 hours while Ether gained 1.27% to US$1,829. Litecoin was the biggest gainer of the day, rising 7.65%.
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Head of U.S. DOJ crypto enforcement eyes crackdown on non-compliant crypto exchanges: FT

The U.S. Department of Justice is aiming to crack down on cryptocurrency exchanges that help criminals facilitate money laundering

Tokenization is changing the world, from finance to art

Fractionalizing assets on the blockchain opens up investment opportunities for the public and the capital market’s access to liquidity, writes Bob Ras. Here’s what’s holding it back.

Bitcoin, Ether edge higher; Litecoin leads gainers; investors weigh impact of US debt crisis

Bitcoin prices rose on Monday morning in Asia to above US$27,000. Ether managed to rise above the US$1,800 support level as Litecoin leads gainers.

Looking to expand Web3 activities into Japan? Watch the biggest firms for clues, says gaming protocol founder.

While the community might be small, there’s a growing buzz around Web3 in Japan, with overseas companies now taking note. For clues on how to make it big in the land of the rising sun, follow the lead of the nation’s largest firms, says Sebastien Guillemot, co-founder of Paima Studios.

Weekly Market Wrap: Bitcoin dips to US$26,166 as memecoins flood the blockchain

Bitcoin briefly fell to US$26,166 this week, as BRC-20 memecoins flooded the blockchain, raising network congestion issues. Market analysts told Forkast that a weekly close under US$26,111 signals more bearish momentum

Memecoin frenzy fuels network congestion; China makes a surprise crypto move

Welcome to Forkast IQ, presented by Megha Chaddah, where we look beyond the headlines to get you insights that power smarter decisions. Coming up on today’s show:

Bitcoin, Ether fall along with most top 10 cryptos; U.S. futures rise ahead of debt ceiling negotiations

Bitcoin and Ether fell during Friday afternoon trading in Asia, along with most of the top 10 non-stablecoin cryptocurrencies by market capitalization, apart from the XRP token.
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Japan government’s crypto czar touts nation’s Web3 capabilities

Japan was an early believer in blockchain and cryptocurrencies until exchange hacks brought a crackdown. But that was then. Now the government has become a crypto cheerleader.

Bitcoin, Ether fall to month lows; Polygon leads losers; U.S. equity futures up as inflation cools

Bitcoin prices slid under US$27,000 on Friday morning in Asia. Ether fell below support at US$1,800 as all top 10 non-stablecoin tokens retreated.

Animoca Brands says it holds US$3.4 bln in assets

Animoca Brands revealed US$2.7 billion in off-balance sheet token reserves in its latest unaudited financial update.

Bitcoin congestion issues continue amid BRC-20 memecoin, Ordinals surge

Bitcoin network faces heightened congestion with over 5 million inscriptions, exacerbating block space demand as BRC-20 tokens achieve a market cap milestone of $1 billion, contributing to increased activity on the network.

Bitcoin, Ether fall along with most cryptos; U.S. futures strengthen as inflation in April slowed

Bitcoin and Ether fell during Thursday afternoon trading in Asia, along with most of the top 10 non-stablecoin cryptocurrencies by market capitalization, with Polygon’s Matic leading losses for a second consecutive session.

Japan looks to regain its place in the cryptocurrency world pecking order

The three-day NexTech Week trade show kicked off Wednesday in Tokyo, celebrating all things technology, including blockchain and Artificial Intelligence.

Bitcoin drops on liquidity concerns, Ether dips; Polkadot leads winners; U.S. equity futures gain

Bitcoin fell on Thursday morning in Asia to trade around the US$27,500 mark. Ether led the losers in the top 10 non-stablecoin cryptocurrencies.

How ChatGPT is propelling memecoins to a new stratosphere

Thanks to generative AI, a struggling artist with no coding skills created tokens now worth $70 million. What does this mean for the rest of the crypto world?

Bitcoin, Ether prices fall; Asian equities, U.S. stock futures drop ahead of key inflation data

Bitcoin lost 0.43% while Ether dipped 0.60% in 24 hours. Polygon’s Matic token was the biggest loser and dropped 2.16%.
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Hong Kong will have ‘tight’ crypto regulation, says HKMA chief Eddie Yue

Cryptocurrency firms moving to Hong Kong should expect tight regulations as part of the city-state’s new regulatory regime, said Eddie Yue.

Hong Kong’s OSL Asset Management wins license to offer blockchain, AI, Web3 investment products

Hong Kong-based OSL Asset Management Ltd said it won a local license to offer investment products in blockchain, Web3 and AI companies.

How blockchain gaming can break out of its niche and win over more people

It’s currently fashionable to publicly knock blockchain gaming, but behind closed doors, a growing number of developers are realizing its potential, writes Tim Dierckxsens of Venly.

Bitcoin, Ether edge up; Litecoin leads winners, Matic the losers; U.S. equity futures flat

Bitcoin edged higher on Wednesday morning in Asia to hold above the US$27,500 mark. Ether also gained. Other top 10 non-stablecoin tokens traded mixed.

Bitcoin, Ether fall; Polygon, Solana lead losers; Asian equities, U.S. stock futures drop

Bitcoin dropped 1.25% and Ether fell 0.25% in Tuesday afternoon trade in Asia. All other top 10 non-stablecoin cryptocurrencies also dropped.
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Bitcoin transaction fees surge, El Salvador users suffer consequences

Skyrocketing activity has led to a surge in average Bitcoin transaction fees — which rose to US$31.15 as of March 8 — exerting increasing pressure on users in low- and middle- income economies including Bitcoin-reliant communities in El Salvador, the first country to implement mass adoption of the digital currency.

Bitcoin falls below US$28,000, Ether declines, Litecoin slips further, US equity futures stall

Bitcoin fell below US$28,000 on Tuesday morning in Asia as memecoin hype clogged the network and drove up transaction fees. Ether and all other top 10 non-stablecoin tokens dropped.

Bitcoin, Ether drop; Polkadot, XRP biggest losers; Asian equities gain 

Bitcoin, Ether fell in Monday afternoon trade in Asia, along with all other top 10 non-stablecoin cryptocurrencies by market capitalization. Polkadot and XRP led the losers in that list.
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Bitcoin, Ether fall; XRP leads losers as top 10 tokens lose steam; US equity futures flat

Bitcoin fell in Monday morning trading in Asia after failing to breach the US$30,000 ceiling over the weekend. Ether dropped below the US$1,900 mark.

Weekly Market Wrap: Bitcoin rises above US$29,000, Ether recaptures US$1,900

Bitcoin inched above US$29,000 on Friday, as concerns over the health of the banking system have been reignited. Industry experts tell Forkast that banking troubles could fuel Bitcoin values, which face significant resistance above US$29,500.

Central Banks’ actions move Crypto; Standard Chartered eyes $100K Bitcoin

Welcome to Forkast IQ, presented by Forkast Editor-in-Chief Angie Lau, where we look beyond the headlines to get you insights that power smarter decisions. Coming up on today’s show: JPMorgan Chase set to rescue First Republic Bank. CITI cuts Coinbase stock Weekly crypto market wrap; “US$100K for Bitcoin” – Standard Chartered report; Weekly NFT market […]

Bitcoin rises, Solana leads losses across top 10 cryptos, U.S. dollar slides amid banking sector concerns

Bitcoin rose while Ether fell in Thursday afternoon trade in Asia, with declines across most of the other top 10 non-stablecoin cryptocurrencies by market capitalization. Solana’s SOL token was the biggest loser of the day.

China’s Henan state-owned investment group sets up US$22 mln metaverse fund

Henan Cultural Tourism Investment Group, a state-owned investment enterprise in Central China’s Henan province, has set up a 150 million yuan private equity investment fund to finance metaverse ventures.

How standardized smart financial contracts could prevent crypto’s next black swan

Many tokenized platforms have grave shortcomings, but if better standards could be adopted, the improved transparency can avert future crises, writes Ralf Kubli of the Casper Assn.

Bitcoin, Ether dip following Europe’s rate hikes; US equity futures edge up despite banking woes

Bitcoin dipped below US$29,000 in Friday morning trading in Asia as rate hikes in Europe sent uncertainty to investors. Ether fell below US$1,900.

What JPMorgan’s First Republic takeover means for the crypto industry

Top blockchain and crypto news: JPMorgan swoops as another bank falls. NFT market rivalry heats up. Bitget seeks Hong Kong exchange license.

Bitcoin, Ether rise; ADA is day’s biggest gainer; investors await European Central Bank’s interest rate decision 

Bitcoin and Ether rose in Thursday afternoon trade in Asia, along with all other top 10 non-stablecoin cryptocurrencies by market capitalization. Cardano’s ADA token saw the day’s biggest gains.

Bitcoin back above $29,000, Ether gains; Matic leads winners on Polygon tools update

Bitcoin and Ether rose in early Thursday morning trading in Asia, with most other top 10 non-stablecoin cryptocurrencies mixed.

Bitcoin, Ether gain most among top 10 cryptos; U.S. stock futures mixed ahead of Fed’s rate decision 

Bitcoin gained 2.18% in 24 hours while Ether rose 1.67%.
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Bitcoin, Ether, Litecoin rise, BNB stumbles; US equity futures flat ahead of Fed interest rate decision

Bitcoin and Ether gained ground in Wednesday morning trading in Asia, with most other top 10 tokens mixed. Litecoin gained, BNB was the biggest loser.