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.
Ethereum had over US$635 mln in NFT wash trades in April, CryptoSlam reveals
Nearly 60% of April NFT sales on Ethereum have been flagged as wash trades, with Blur marketplace’s token farming incentivizing the activity, CryptoSlam data shows.
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%.
Crypto miner Bitdeer expands to Bhutan, partners state-owned investment arm
Singapore-headquartered cryptocurrency miner Bitdeer Technologies is planning to expand its mining operations to Bhutan and raise up to US$500 million for a fund through a new partnership with the Himalayan kingdom’s state-owned investment company Druk Holding and Investments.
Coinbase opens Bermuda-based crypto derivatives exchange amid conflict with U.S. regulators
Coinbase, the publicly listed largest cryptocurrency exchange in the U.S., opened its offshore derivatives exchange in Bermuda on Tuesday.
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.
Bitcoin, Ether drop; BNB, Polkadot biggest losers in top 10 cryptos; U.S. stock futures weaken
Bitcoin dropped 2.09% in Tuesday afternoon trade in Asia while Ether lost 0.81%. BNB fell 2.93% and Polkadot declined 2.66%.
Bitcoin, Ether fall amid renewed banking sector concerns; BNB is sole gainer in top 10 cryptos
Bitcoin dropped below US$29,000, while Ether fell below US$1,900 on Monday afternoon in Asia. Binance’s BNB was the only token in the top 10 cryptocurrencies to rise.
Bitcoin up on bank jitters, price forecasts; Ether dips, U.S. equity futures flat
Bitcoin edged up on Monday morning in Asia to hold above US$29,000. Ether fell below US$1,900. Most other top 10 non-stablecoin tokens traded lower except BNB.
Coinbase says SEC’s legal threats punish transparency, undermine public listing process
Coinbase said the Securities and Exchange Commission seems to be undermining its own role as the monitor of companies registering to sell shares to the public
Bitcoin, Ether rebound after early morning fall; U.S. equity futures gain on Meta outlook
Bitcoin rose above US$29,000 on Thursday morning in Asia, rebounding from an earlier drop. Ether gained. Other top 10 non-stablecoin tokens traded mixed.
Mythical Games CEO says U.S. regulatory uncertainty accounted for firm’s conservative stance on crypto
The lack of clarity in crypto rules in the U.S. not only affects exchanges but also this U.S.-based blockchain gaming company, John Linden said.
Bitcoin bounces back to US$28,000, Ether gains; U.S. equity futures up on tech earnings
Bitcoin rose in Wednesday morning trading in Asia to reclaim the US$28,000 mark, with Ether and all other top 10 non-stablecoin cryptocurrencies moving higher.
Declaring proof of reserves is important, but it’s not enough
‘Proof of reserve’ is the new catchphrase and promise by crypto leaders eager to allay investor fears. But loopholes remain and audits might not mean what you think, writes Anndy Lian.
Bittrex in SEC’s crosshairs as compliance lawsuits keep coming
Top blockchain and crypto news: Bittrex in SEC line of fire. Bored Apes fall after whale sale. Chinese banks court crypto clients.
Crypto miner Bitdeer falls 35% since Nasdaq debut, reports net loss in 2022
Shares of Singapore-based cryptocurrency miner Bitdeer have slid more than 35% since their Nasdaq debut on April 14, and were trading at US$6.41 at closing on Wednesday.
Bitcoin gains, holds above US$30,000; Solana, BNB biggest losers in top 10 cryptos
Bitcoin rose and traded above US$30,000 on Wednesday afternoon in Asia, while Ether fell along with most top 10 non-stablecoin cryptocurrencies by market capitalization. Solana lost the most, followed by Binance’s BNB token.
United Arab Emirates opens licensing applications for cryptocurrency companies
UAE’s Securities and Commodities Authority said Monday it has started accepting applications for operating licenses from cryptocurrency businesses.
The true cost of zero-fee crypto trading is anything but zero
Nothing in life is free. Be wary of crypto exchanges that offer ‘free trading,’ and ask hard questions about how they make money, writes Ben Caselin of MaskEX.
Bitcoin slips, Ether inches above US$2,100
Bitcoin dropped on Tuesday afternoon in Asia but remained above US$29,000, while Ether and most top 10 non-stablecoin cryptocurrencies gained. Dogecoin and Solana fell on the day and rose on the week.
Bitcoin, Ether, other crypto fall as SEC waves big stick; Dogecoin gains; U.S. equity futures flat
Bitcoin, Ether and most other top 10 non-stablecoin cryptocurrencies dipped Tuesday morning in Asia after the SEC sued crypto exchange Bittrex on Monday.
Bitcoin, Ether extend losses; Solana gains most in mixed market
Bitcoin dropped on Monday afternoon in Asia and continued to trade below US$30,000. Cardano led losers among top 10 non-stablecoin cryptocurrencies in a mixed market. Solana led gains, followed by Binance’s BNB token and memecoin Dogecoin.
Bittrex cryptocurrency exchange rejects U.S. SEC charges it offered unregistered securities
Seattle-based crypto exchange Bittrex Inc. has rejected charges by the U.S. Securities and Exchange Commission (SEC) that it and co-founder Bill Shihara operated an unregistered national securities exchange, broker and clearing agency. The SEC filed the charges on Monday. See related article: U.S.-based cryptocurrency exchange Bittrex lays off 83 employees Fast facts See related article: U.S. SEC […]
SEC ‘crypto mom’ Hester Peirce attacks U.S. regulator’s new exchange definition on DeFi
SEC member Hester Peirce has criticized the regulatory agency for its proposal that seeks to expand the definition of an “exchange” to DeFi platforms.
Bitcoin heads higher, Ether breaches US$2,000, U.S. equities rally on weak inflation readings
Bitcoin rose higher in the US$30,000 band on Friday morning in Asia amid strong gains among the top 10 non-stablecoin cryptocurrencies. Ether led the winners.
Bitcoin fluctuates at US$30,000; Ether gains; Litecoin, XRP drop; U.S. equities fall on recession concern
Bitcoin dipped but held above US$30,000 in Thursday morning trading in Asia that saw mixed performances among the top 10 non-stablecoin cryptocurrencies.
Crypto firms hardpressed to find U.S. bank partners as industry blames ‘Operation Choke Point 2.0’
NYDFS superintendent Harris called the idea of Operation Choke Point 2.0 “ludicrous,” but industry participants largely disagree. Was the shutdown of the three largest crypto-friendly institutions a coordinated effort to unbank crypto?
Ethereum rolls out Shapella upgrade amid worries over price pressures
Top blockchain and crypto news: Ethereum fork prompts price fall fears. Satoshi is found — in Apple software. Hong Kong ramps up Web3 plans.
Crypto miner Bitdeer to go public on Nasdaq via SPAC deal
Singapore-headquartered crypto mining firm Bitdeer Technologies is set to go public on Nasdaq on April 14 via a SPAC merger following multiple delays in closing the US$4 billion deal.
U.S. SEC committee urges ‘aggressive enforcement’ on crypto, says most tokens are securities
The U.S. SEC Investor Advisory Committee urged the federal agency to continue its aggressive enforcement on crypto players that offer unregistered securities.
Arkansas joins Montana, Texas with bills on guidelines, protection for Bitcoin miners
Arkansas has joined Montana and Texas this year in proposing legislation to offer legal protections to companies operating crypto mining sites.
Local prosecutors say Terra-Luna’s Do Kwon has no identifiable assets in South Korea
The arrested crypto fugitive Kwon Do-hyung has “zero ” identifiable assets in his native South Korea, prosecutors said on Friday.
US Treasury warns DeFi is being used for illicit transfers
DeFi services threaten U.S. national security and need to comply with anti-money laundering and terrorist financing laws, the U.S. Treasury said on Thursday.
Ethereum’s Shapella upgrade is imminent – and investors are excited
Ethereum is set for a few upgrades which will see quality of life improvements and aproof-of-stake protocol.
MicroStrategy buys 1,045 Bitcoin, holds 140,000 BTC in total
MicroStrategy acquired 1,045 Bitcoin for around US$29.3 million, at an average price of US$28,016 per coin, between March 24 and April 4, 2023
Arbitrum’s AIP-1 proposal to be split after community backlash
Top blockchain and crypto news: Arbitrum to segment AIP-1. DeGods NFT collection moves to Ethereum. Crypto on the agenda at ‘China’s Davos.’
Bitcoin pushes beyond US$28,000; Polygon’s Matic leads gainers, same chain sees surge in NFT trades
Bitcoin rose on Wednesday, moving above US$28,000. Ether, Matic and most other top 10 non-stablecoin tokens gained.
Paxful shuts Bitcoin exchange due to regulatory challenges, staff departures
Paxful Bitcoin exchange announced the indefinite suspension of the marketplace on Tuesday, citing regulatory challenges and staff departures.
Bitcoin drops below US$28,000, Dogecoin biggest loser in top 10 cryptos
Bitcoin fell and traded below US$28,000 in Monday afternoon trade in Asia. Ether and most other top 10 non-stablecoin cryptocurrencies by market capitalization also declined.
Bittrex crypto exchange to shutter U.S. operations due to regulatory uncertainty
Seattle-based crypto exchange Bittrex, Inc. will wind down its U.S. operations from April 30, citing continued regulatory uncertainty in the region.
Bitcoin, Ether drop; US equities rise as inflation cools
Bitcoin dipped on Monday morning in Asia but held above US$28,000. Most top 10 non-stablecoin cryptos dropped following a week unsettled by regulatory woes.
Crypto investors remain optimistic despite crackdown
Most cryptocurrencies remained calm in spite of the CFTC-Binance lawsuit.
Bitcoin, Ether fall; top 10 cryptos mixed; gold closes March 8% higher
Bitcoin and Ether fell during Asian trading hours on Friday, while the rest of the top 10 non-stablecoin cryptocurrencies by market capitalization were mixed, amid mounting allegations against Binance
Bitcoin keeps its head held high despite options expiration
Welcome to The Daily Forkast – March 31, 2023 – presented by Megha Chaddah. Bitcoin holds above US$28,000 even as over US4 billion dollars worth of bitcoin option are set to expire later in the day. BNB prices saw a dip mid-week as news regarding the Binance-CFTC lawsuit came to light, but saw a slight […]
South Korea court rejects second arrest warrant request for Terraform Labs’ Daniel Shin
A South Korean court dismissed for the second time a request by prosecutors for an arrest warrant for Terraform Labs co-founder Daniel Shin.
Bitcoin climbs above US$28,000, XRP leads winners for the week, U.S. equities jump
Bitcoin edged above US$28,000 in Thursday morning in Asia amid a broad rally in most top 10 non-stablecoin cryptocurrencies.
SEC Chair urges more resources to regulate crypto and technology at House Subcommittee hearing
SEC Chair urges for increased funding to address challenges posed by crypto markets and rapid technological innovation during House Subcommittee testimony.
Ripple exec says innovation is leaving the US.
As US authorities continue to police crypto regulations, we take a look at the direction the country’s crypto innovation is headed.
Bitcoin rebounds above US$28,000, XRP leads gains among top 10 cryptos
Bitcoin rallied above US$28,000 in Wednesday afternoon trade in Asia after losing ground earlier in the week when U.S. regulators filed a lawsuit against Binance, the world’s biggest crypto exchange, for allegedly breaching trading rules.
Bitcoin rises, most top 10 cryptos drop, amid mixed signals on state of banking sector
Bitcoin rose while Ether and most of the other top 10 non-stablecoin cryptocurrencies fell during afternoon trading in Asia on Monday.
Bitcoin, Ether, Forkast 500 NFT index fall, gold rises, as Janet Yellen rules out broad bank deposit insurance
Bitcoin and Ether fell during Asian trading hours on Friday, along with most of the top 10 non-stablecoin cryptocurrencies by market capitalization, with Binance’s BNB sustaining the biggest loss in the top 10.
Bitcoin buoyed as bank busts spook investors
Top blockchain and crypto news: Banking woes boost Bitcoin. Arbitrum counts down to launch. Chinese billionaire faces US crypto scam charges.
K-pop star G-Dragon launches NFT on OpenSea with Fandom Studio, BNB Chain
South Korean singer G-Dragon has launched an NFT collection on OpenSea in collaboration with Fandom Studio.
Singapore-based Crypto.com gets preparatory license to expand services in Dubai
Singapore-based cryptocurrency exchange Crypto.com will soon be able to extend its services in Dubai, after it received a Minimal Viable Product (MVP) Preparatory License from Dubai’s Virtual Assets Regulatory Authority (VARA).
Bitcoin, Ether, other crypto gain with equities amid global fund injections to support banks
Bitcoin neared the US$25,000 mark on Friday morning in Asia. Cryptocurrencies gained as the U.S. and Europe moved to backstop troubled banks with cash.
Bitcoin, Ether, Forkast 500 NFT index fall; euros rises amid Credit Suisse’s loan
Bitcoin and Ether declined by the end of Asian trading hours on Thursday afternoon, with all the top 10 non-stablecoin cryptocurrencies also falling, apart from Binance’s BNB.
Bitcoin, Ether drop, other top cryptocurrencies retreat as bank liquidity concerns rise
Bitcoin and Ether dropped in Thursday morning trading in Asia along with most other leading tokens amid broader concerns about bank liquidity.
Web3 crowdfunding launchpad Poolz Finance hacked for US$390,000 on BSC, Polygon
Poolz Finance, a cross-chain crowdfunding launchpad for Web3 projects, has been exploited for US$390,000 worth of digital assets
Circle’s USDC bounces back after Silicon Valley Bank bust
Top blockchain and crypto news: USDC stabilizes after SVB collapse. Silvergate closes shop. China tightens financial supervision.
Bitcoin, Ether, Forkast 500 NFT index extend gains; U.S. banking crisis concerns ease as inflation slows to 6%
Bitcoin and Ether rose on Wednesday afternoon in Asia, along with all other top 10 non-stablecoin cryptocurrencies by market capitalization. Solana and Polygon were the biggest gainers, both rising above 5% in the last 24 hours.
Anchorage Digital lays off 20% of staff amid low NFT demand, says bank unit not affected
Digital asset platform Anchorage Digital will lay off 75 employees as it restructures to meet regulation challenges.
Bitcoin, Ether continue run up; Solana, Dogecoin lead gainers; U.S. equities rebound
Bitcoin and Ether continued strong price gains, with most of the top 10 non-stablecoin cryptocurrencies logging advances for the past seven days.
India imposes money laundering regulations on crypto industry
India’s crime fighting agencies have been investigating crypto exchanges and individuals on money laundering charges and have now put the onus on exchanges to report suspicious transactions.
Bitcoin jumps above US$24,000, leading crypto gains as U.S. acts to backstop banks
Bitcoin continued to gain in morning trading in Asia, as regulators acted to backstop the U.S. banking industry. Most of the top 10 cryptocurrencies gained.
Euler Finance loses nearly US$200 mln in exploit
Euler Finance, a decentralized finance lending protocol has lost approximately US$197 million in an exploit, according to online crypto security analysts.
U.S. regulators shutter Signature Bank, lender to Paxos, Coinbase, citing systemic risk
U.S. regulators closed New York-based Signature Bank, one of the biggest lenders in the crypto industry, due to risks of a systemic failure.
CFTC chair calls Ethereum a commodity, in contrast to SEC chair Gensler’s position
CFTC chair Rostin Behnam has called Ethereum a commodity and not a security, in apparent contrast to past statements from SEC Chairman Gary Gensler.
Silvergate teeters as regulators circle and crypto firms cut ties
Top blockchain and crypto news: Silvergate woes spark bankruptcy talk. LDO dips on false enforcement rumors. Chinese leaders push digital development.
Hong Kong’s crypto scam losses in 2022 more than double from 2021: SCMP
Crypto scams accounted for over half of Hong Kong’s losses from computer-related crimes in 2022.
Bitcoin gains, all other top 10 cryptos in the red amid Silvergate fallout
Bitcoin gained in Monday afternoon trade in Asia while all other top 10 non-stablecoin cryptocurrencies by market capitalization posted losses.
Ethereum core developers delay Shanghai hard fork to early April
The expected launch of the Shanghai hard fork has been delayed from late March to the first two weeks of April, according to Ethereum developers on Thursday.
Bitcoin, Ether fall; Polkadot leads losers among top ten tokens
Bitcoin fell in Wednesday morning trading in Asia, although held above the US$23,000 lower resistance line. Polkadot led the losers, while Litecoin rose.