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Bitcoin flat below US$26,000 as rate hike woes cool down

Bitcoin edged up on Monday morning in Asia but remained below US$26,000. Ether also stayed range-bound at around US$1,650.

SEC delays verdict on BlackRock’s ETF application; Will Bitcoin ETFs see light of day?

After Grayscale’s legal win, the SEC decided to postpone its decision on spot Bitcoin ETF applications. Will these proposals be greenlit? And when?

Bitcoin below US$26,000, most other top 10 cryptos extend losses

Bitcoin, Ether and other cryptos dropped on Friday afternoon in Asia. Toncoin and Tron gained.

How crypto can help Africa reap greater yields — of the agricultural kind

Assisted by blockchain and AI, small farmers can make better use of data for more bountiful harvests. But adapting to new technology isn’t always easy.

The rise and continuing fall of Sam Bankman-Fried: A step-by-step guide to his case so far

The 9 key pieces of information you need to know ahead of the FTX founder’s first trial on Oct. 2

Grayscale triumphs over SEC: A David v. Goliath win in the crypto arena

Top blockchain and crypto news: U.S. court compels SEC to review Grayscale’s ETF application. SEC zooms in on NFTs. Asia’s richest man eyes blockchain, CBDCs

Crypto market gets boost from favorable court ruling for Grayscale against U.S. SEC

Prices of all cryptocurrencies rose on Wednesday after a U.S. court backed Grayscale on its Bitcoin ETF application, compelling the SEC to review its rejection of the application.

Hong Kong grants SEBA Bank in-principle approval for crypto trading

The Hong Kong branch of SEBA Bank has received an in-principle approval from regulators to provide virtual asset trading services in the jurisdiction.

Green ink across crypto after Grayscale scores SEC win

A U.S. court’s landmark decision to side with Grayscale on its Bitcoin ETF application to the SEC sent crypto prices upward Wednesday morning in Asia.

Welcome to 2030: I own everything, and life’s actually pretty good

Here’s a look at a future where Web3 technology will allow us to have ownership stakes in all things and avoid a subscription-based consumerist hellscape.

Asia’s richest man bets on blockchain, CBDC

Mukesh Ambani, Asia’s richest man from India, said on Monday that his Reliance Industries Ltd. is exploring blockchain-based platforms and central bank digital currencies (CBDC).

Bitcoin dips below US$26,000, crypto faces downward pressure amid Fed’s rate hike signals

Bitcoin and other major cryptocurrencies face headwinds on the first trading day of the week in Asia following the U.S. central bank’s Jackson Hole Symposium remarks, while Tron bucks the trend with modest gains.

How dynamic NFTs can bring brand engagement to a new level

NFTs are now capable of being interactive and changing with the weather, user location and time of day. What are the downsides and challenges ahead?

DeFi revenue remains resilient despite Curve Finance hack

Even as the value of assets in DeFi dips, service provider revenues stand strong, undeterred by the US$73 million Curve Finance breach, Forkast Labs data shows.

If Chinese crypto holders sneeze, will global markets catch a cold?

Top blockchain and crypto news: China’s economic woes could spell trouble for crypto. Real fear in NFT markets. Can Friend.tech revive SocialFi?

It’s time for Web3 gaming to up its own game

Blockchain games are often touted as the next big thing. Joseph Cooper, CEO of Earn Alliance, takes a hard look at the industry’s challenges and how to overcome them.

Bitcoin back down to US$26,000 as investors await US Fed chair speech

Bitcoin dropped to around the US$26,000 level Friday morning in Asia, giving up much of the previous day’s gains. Ether also moved lower.

Tornado Cash founders charged with money laundering crypto, including proceeds from North Korean heists

The Tornado Cash mixer’s co-founders have been charged by the U.S. Department of Justice with money laundering and sanctions violations.

Bitcoin back at US$26,500 as crypto mirrors Wall Street gains

Bitcoin rose on Thursday morning in Asia to trade in the US$26,500 range. Ether also moved up. Solana led the winners in the top 10 non-stablecoin tokens.

Blockchain tech in Thailand gets boost from new pro-crypto leader

Blockchain technology in Thailand could soon receive a boost by new Prime Minister Srettha Thavisin, who had promised during his campaign to give 10,000 baht (US$300) through digital wallets to every Thai citizen aged 16 years and above.

Could Rishi Sunak’s blockchain dream live on without him?

This final installment of a 3-part series on the U.K. digital asset industry looks at the politics driving the British crypto conversation. PM Rishi Sunak is a believer, but an election’s coming up, and his rivals appear less keen on turning the U.K. into a global crypto hub.

Japan Nomura’s crypto custody firm Komainu bags Dubai license

announced Tuesday that it received an operating license from the Virtual Asset Regulatory Authority (VARA) in Dubai.

Bitcoin below US$26,000 with a new low of US$20,000 in the cards

Bitcoin fell Wednesday morning in Asia to trade below US$26,000. Ether also dropped as all other top 10 non-stablecoin tokens traded flat to lower.

‘Third category thing’ — untangling digital asset property law in England and Wales

How can we claim to own something that falls outside traditional categories of personal property? In this second installment in a 3-part series looking at the U.K. digital asset industry, Law Commissioner for England and Wales Sarah Green explains how.

Why FTX deserves a second chance

Despite the outrage against Sam Bankman-Fried and the now-bankrupt exchange, everyone would be better off with a relaunched FTX 2.0, writes Rachel Lin, CEO of SynFutures.

Bitcoin recovers after falling below $26,000 as the ETF excitement bubble bursts

Bitcoin stabilized Tuesday morning in Asia after dropping below the key US$26,000 support level over night. Ether also dipped but held the US$1,600 mark.

By royal decree — the UK moves toward regulating crypto

This first installment in a 3-part series on the U.K. digital asset industry looks at recent efforts to regulate crypto and expand the sector.

Weekly Market Wrap: Bitcoin falls below US$26,000 following Evergrande’s bankruptcy

Bitcoin fell over 10% this week and dipped to a two-month low following Evergrande’s bankruptcy filing.

XRP erases gains from Ripple’s partial victory as Bitcoin falls 10% in a week

Macroeconomic factors hit investor sentiment while a U.S. judge’s consent to SEC over its ongoing tussle with Ripple Labs affects crypto prices.

How blockchain-backed ID can lift up the lives of the unbanked masses: Opinion

Digital ID verified via blockchain can greatly expand economic opportunities for the world’s poor. But the market is fragmented and faces a rocky road of regulations, writes Tamas Kadar, CEO of SEON.

Over $1 billion in crypto market liquidations as Bitcoin hits 2-month low

Bitcoin traded at around US$26,800 on Thursday morning in Asia after hitting a two-month low of around US$25,400. Ether fell below US$1,700.

Will Singapore steady the stablecoin ship?

Top blockchain and crypto news: Singapore steps up stablecoin rules. DeGods decline. Hong Kong’s third crypto license.

PayPal to pause UK crypto sales from October for at least 3 months

PayPal will pause cryptocurrency sales in the United Kingdom for a minimum of three months starting October 1.

Coinbase cleared to offer crypto futures trading in the US

Coinbase, the largest cryptocurrency exchange in the U.S., has obtained regulatory approval to offer crypto futures trading services to eligible clients

Binance to shut crypto payment infrastructure as market dominance dips

Binance will shut down its cryptocurrency payment service Binance Connect on Aug. 16, a Binance spokesperson confirmed. 

TradFi has its eyes on crypto, and here’s the real reason why: Opinion

Wall Street thought crypto would be a passing fad. But more big institutions are having a change of heart, in spite of crypto’s protracted market woes.

Bitcoin, Ether dip amid low volatility; Solana gains

Bitcoin traded flat on Tuesday afternoon in Asia. Ether dipped, while most other top 10 non-stablecoin tokens traded flat to lower. Solana rose.

To read Hong Kong’s future as a crypto hub, look closely at its colorful paper money: Opinion

Most countries allow only government to mint currency, but in the land of public-private partnerships, legal tender HKD notes are issued by private banks.

Bitcoin trading sideways; NFT transactions soar; Nvidia leads Wall Street rally

Bitcoin edged higher on Tuesday morning in Asia. Ether also edged up, while other top 10 non-stablecoin tokens traded flat to higher. Solana led the winners.

BTC Markets CEO sees silver lining in Australian banks’ crypto clampdown

Australian banks are heightening scrutiny on digital asset exchanges and restricting crypto payments due to rising scams and frauds. Caroline Bowler, CEO of BTC Markets highlights the challenges and opportunities faced by the industry in the country.

Bitcoin inches up; Dogecoin, Solana lead losses

Bitcoin rose slightly in the past 24 hours while Ether lost. Dogecoin and Solana were the day’s biggest losers, both dropping by over 1%, although both posted gains on the week.

Shiba Inu surges; DeGods Season 3 unveiled; risk sentiment improves for US stocks

Bitcoin dipped slightly, having hovered around the $29,380 level throughout the weekend. Ether and most other top 10 crypto were little changed.

Why smart money is pushing the big idea of ‘purpose-bound money’: Opinion

Recently proposed by Singapore in collaboration with fintech heavy hitters, PBM can be a powerful tool for promoting accountability and efficiency, writes Anndy Lian. But it’s not without risks.

Slowing US inflation data inspires hope for a crypto price rally

Bitcoin and Ether dipped on Friday morning in Asia, while U.S. CPI data points to a potential rally in the crypto market.

Is PayPal’s new stablecoin a watershed moment for crypto?

PayPal launches stablecoin. Traditional gamers take on NFTs. Tough times ahead for Huobi.

Bitcoin, Ether rise near key levels, Sol leads gains across top 10 cryptos

Bitcoin and Ether rose during Wednesday afternoon trading in Hong Kong, along with all other top 10 non-stablecoin cryptocurrencies by market capitalization. With over 69% of Bitcoin supply inactive for over a year, long-term investors remain bullish on the world’s first cryptocurrency, industry experts told Forkast.

Bitcoin, Ether rise; Solana leads post-PayPal stablecoin launch rally; several US banks downgraded

Bitcoin rose on Wednesday morning in Asia to trade above US$29,700. Ether also logged gains along with all other top 10 non-stablecoin cryptocurrencies.

U.S. senators reintroduce crypto anti-money laundering bill

Two U.S. senators have re-introduced the ‘‘Digital Asset Anti-Money Laundering Act of 2023’’ after months of delay, which puts greater emphasis on industry participants such as miners and validators. If the bill is passed, all crypto participants will be required to report transactions of over US$10,000.

How AI, with blockchain, can transform everyday life: Opinion

Combining blockchain with AI, two of the greatest innovations of this era, will unlock myriad benefits for consumers and businesses alike, writes Eugen Kuzin.

Bitcoin up as market digests PayPal stablecoin launch

Bitcoin edged up on Tuesday morning in Asia after U.S. multinational payment giant PayPal launched a U.S. dollar-pegged stablecoin on Monday.

Blockchain is fast, direct and all too cryptic — can it reshape international aid?

As explored in the first installment of this two-part series, crypto funding is being used to provide small but important items to troops on the frontline. But beyond the battlelines, how can crypto help get aid to civilians in times of crisis?

Crypto’s fear and loathing: Will TradFi take over?

Moves by big financial institutions into digital assets are worrisome to crypto purists, but it could be just what crypto needs to shake off its doldrums, writes Konstantin Horejsi of Blocktrade.

First aid kits, boots and batteries — how small but significant crypto funds are used in global conflicts

As war rages in eastern Europe, this first installment in a two-part series looks at the growing use of crypto funding in global conflicts, focusing on the small but significant provision of supplies to pro-Russian mercenary groups in Ukraine.
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Weekly Market Wrap: Bitcoin plunges under US$30,000 amid market turbulence. Is US$27,000 next? 

Bitcoin dips below US$30,000 and Ether loses ground as a mix of bleak sentiment, SEC suits and recent hacks test investor nerves.

Bitcoin, Ether extend gains; top 10 cryptos mixed

Litecoin lost the most in the past 24 hours, followed by XRP, while Tron led gains.

HashKey Exchange and OSL licensed to serve retail investors

HashKey Exchange and OSL — the only two cryptocurrency exchanges licensed by the Hong Kong SFC — received license upgrades Thursday to service retail investors.

How the art world is embracing technology in the digital age: Opinion

From forays into the metaverse to blockchain-based sales and financing, the fine art world is now at the forefront of profound technological change.

Japan’s blockchain group lobbies for tax change

Japan’s blockchain group urges tax change. Bitcoin NFT struggles but it may be a sleeping giant. Litecoin falls after halving.

Binance could face fraud charge from US Department of Justice

Officials at the U.S. Department of Justice (DOJ) are considering fraud charges against Binance, according to news site Semafor.

Bitcoin, Ether down; Litecoin slips after halving event

Bitcoin, Ether and all other top 10 non-stablecoin cryptocurrencies dipped in Thursday morning trading in Asia, including Litecoin following its halving event.

Bitcoin Ordinals profitability falls in July, but total inscriptions pile on

Revenue for NFT services on the Bitcoin network, or the aggregate value of marketplace fees and creator royalties, declined over July even as total Ordinals inscriptions crossed 20 million.

Kenya suspends Worldcoin over security concerns

The Republic of Kenya has suspended Worldcoin, a cryptocurrency project co-founded in 2019 by OpenAI chief Sam Altman, while the country’s security and data protection services look into the authenticity and legality of the project, the Ministry of the Interior and National Administration said on its Facebook page on Wednesday.

Bitcoin returns above US$29,000 support level, most top 10 tokens rise

Bitcoin was the day’s biggest gainer, rising 2.11% in the past 24 hours. Ether rose 1.11%.

Shanghai plans blockchain infrastructure hub to link with Hong Kong, Singapore by 2025

Shanghai plans to build a blockchain infrastructure by the end of 2025 and establish links with Hong Kong and Singapore.

Tokenization could bring mass adoption to crypto — or trigger disaster: Opinion

Tokenization is having a breakout year, but providers must learn from the past to prevent another FTX or Celsius-level crisis, writes Philipp Pieper of Swarm.

Cryptos show resilience; BNB gains on Binance Japan launch

Bitcoin, Ether and most other top ten tokens gained Wednesday morning in Asia, with BNB leading winners after Binance Japan launch.

Binance Japan launches with 34 tokens, BNB debuts in the country

Binance announced the launch of Binance Japan on Tuesday, offering 34 cryptocurrencies.

Proving our humanity in an AI world is not an option — it’s a necessity: Opinion

As artificial intelligence becomes more human-like, it’s critical to distinguish real people from code and prevent Web3 from turning into a bot zoo, writes Khori Whittaker, executive director of Ethereum Name Service.

Bitcoin, Ether dip but remain range-bound following Curve Finance hack

Bitcoin and Ether prices dropped on Monday morning in Asia, but remained above key support levels. Altcoins fell on Curve Finance hack.

Crypto isn’t fixing the remittance travesty — but it could: Opinion

Blockchain technology has the potential to slash transaction fees, speed up money transfers and lift up the world’s poor. Why aren’t we doing that yet?

Bitcoin, Ether end week in interest rate, summer doldrums; Binance’s BNB token leads winners

Bitcoin and Ether prices were largely mixed but running into the red on Friday morning in Asia, looking to end the week with losses after a period of directionless trading.

US congressional committee passes crypto bill, steps closer to regulatory clarity

The U.S. House Financial Services Committee passed a bill Wednesday aimed at defining whether cryptocurrencies are securities or commodities.