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DCG to buy $750M in GBTC

Digital Currency Group, the parent company of the digital asset manager Grayscale, has decided to up its purchase of Grayscale Bitcoin Trust (GBTC) by $500 million. The firm plans to purchase $750 million worth of GBTC shares instead of the initial $250 million. The GBTC has been trading at a premium for some months for […]

Binance Coin market cap hits new ATH, surpasses $100B

Binance Coin, or BNB, has set another record after posting a new all-time high above $660. The altcoin’s market cap first crossed the $50 billion benchmark in the first few days of April. However, the market cap jumped more than 100% in less than a month. As of this writing, BNB is trading around $661, […]

Digital dollar: Binance CEO warns of CBDC drawbacks

Changpeng Zhao, Binance CEO, has cautioned on the challenges that cryptocurrencies like Bitcoin could face upon the launch of the digital dollar. He made these comments during an interview. Zhao explained that the central bank digital currency (CBDC) would lack properties like “freedom of use” and “limited supply” that make cryptocurrencies unique. He added that […]

Mastercard survey: growing number of consumers eye crypto for shopping

A survey by credit card provider Mastercard shows that a growing number of consumers prefer using cryptocurrency when making their purchases. Mastercard’s New Payments Index polled more than 15,000 online respondents from North America, Latin America, the Asia Pacific region, The Middle East, Africa, and the Caribbean. The study shows 40% of those polled plan […]

SEC tries to block XRP holders from joining SEC v. Ripple lawsuit

In new court filings, the SEC says allowing XRP holders’ to join SEC v. Ripple lawsuit as third-party defendant would cause delays and ‘sow chaos.’

Argentina looks to crypto shelter amidst inflation turmoil

Struggling Argentines are looking to cryptocurrency for opportunities to stave off rising prices, a devaluing currency and US dollar shortage.

Crypto mining farms under investigation in Beijing

Bitcoin’s energy consumption has been a critical issue among experts, governments, and industry players. Reuters reported that Beijing officials are investigating crypto mining establishments to determine how much energy they consume. On April 27, the Beijing Municipal Bureau of Economy and Information has ordered the city’s data centers to report the amount of power consumed […]

Dogecoin price flies to moon on eToro listing and Elon Musk for rocket fuel

DOGE fans push Dogecoin price to all-time high (ATH) after eToro lists the joke coin for 20 million users, days before ‘Dogefather’ Musk appears on SNL.

XRP prices steady after court hearing, Ripple releases $1.6 billion XRP

XRP is up 600% since the start of the year and its holding steady as Ripple released one billion XRP over the weekend.

Ethereum prices soar over $3,200, making Vitalik Buterin a billionaire

As ETH prices hit a new ATH and continue to the moon, Ethereum’s visionary creator Vitalik Buterin becomes the youngest ever crypto billionaire.

Turkey’s Thodex exchange fraud case yields six new suspects

Turkish authorities arrested six individuals in connection with the Thodex exchange fraud case.

Singapore’s DBS Bank reports US$60 million crypto under custody

DBS Bank says it has over US$60 million in crypto under custody and plans to expand trading hours to 24/7.

Why more big investors are now seeking interest and yields in DeFi

As corporations plow billions into Bitcoin, a new business model involving decentralized finance is emerging for investors, says Alessio Quaglini of Hex Trust.

China’s crypto miners make hard choices to meet climate goals

With Inner Mongolia banning crypto-mining and Xinjiang expected to soon follow, China’s crypto miners are turning to green energy or moving overseas.

Stablecoin rush breaks out; JPM, DBS and Temasek launch Partior | The Daily Forkast

JPMorgan, DBS and Temasek launch Partior to digitize commercial money as stablecoin transaction volume surge in Asia-centric exchanges.

Ripple demands SEC to stop obtaining info on XRP dealings abroad

Ripple asks court to stop SEC from using MOU requests to get info on XRP from overseas regulators and pushes for access to SEC’s internal communications.

How to balance crypto investor protection and innovation in Hong Kong

US and Singapore have licensing laws that give investors more confidence in crypto firms. Stephen Richardson of Fireblocks urges Hong Kong to follow suit.

Japan sees record crypto deposits, nearly 7 times more than last year

Japan’s regulated crypto trading breaks new records in a land known to be the world’s most crypto-averse. Is the tide turning for crypto adoption in Japan?

The NFT revolution is underway, and here’s what our future will look like

More than selling art and basketball mementos in a new way, NFTs can also transform copyright enforcement, royalties, real estate and financial markets.

PancakeSwap and controversial SafeMoon turbo boost BSC past Ethereum

Is Binance Smart Chain’s meteoric rise from PancakeSwap and cryptocurrency SafeMoon sustainable, and is an ‘Ethereum killer’ now finally closer to reality?

World’s largest crypto exchange Binance to launch NFT market in June

Binance, the crypto exchange with more than 50 million users around the world, wants a piece of the fast-growing NFT minting, trading and auction business.

How blockchain technology can improve trust in democratic elections

Loss of faith in elections may be at an all-time high around the world. Here is how blockchain voting and decentralization can restore public trust.

Solana prices surge amid crypto crash as market seeks lower gas fees

Solana blockchain — a rising alternative to Ethereum for DeFi and NFTs — hit an all-time high this week while other cryptocurrencies stagnated. How come?

As Coinbase Pro adds USDT, Tether execs balk at continued scrutiny

Tether’s battle with New York may be resolved for now, but legal obligations have company on the defensive. Is Tether’s USDT regulated or just registered?

SEC sought info on Ripple and XRP from 20 foreign entities, including trading platforms

SEC says info on Ripple and XRP transactions overseas is important to lawsuit. But of the nine foreign regulators the SEC asked, two refused to help.

Taiwan set to roll out new AML regulations for crypto exchanges

Taiwan has enacted anti-money laundering regulations for cryptocurrency exchanges effective July 1. What will this mean for Taiwan’s growing crypto scene?

R3 Corda helping Thailand’s case for international trade dark horse

Thailand’s crypto adoption is often overlooked, but one of its largest commercial banks has been leveraging permissioned blockchain Corda of R3 to digitize trade finance in the Fourth Industrial Revolution.

SEC seeks to knock out Ripple defense, says no duty to warn over XRP

In a new legal filing, the SEC asks court to dismiss Ripple’s ‘lack of due process and fair notice’ defense that the XRP token could be deemed a security.

Korean crypto advocates cry foul and demand FSC chair’s resignation

Angered by cryptocurrency tax laws and a government official’s remarks on crypto investing, over 51,000 South Koreans are trying to push back via petitions.
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China tightens cryptocurrency oversight with new regulations

Beijing’s new warning against cryptocurrency comes days before regulations aimed at preventing illegal crypto fundraising take effect May 1.

Europe’s CoinShares launches XRP exchange traded product

XRP joins the growing list of cryptocurrencies now available as exchange traded products (ETP). What does this mean for crypto investors?

5 reasons why CBDCs and Facebook-backed Diem go hand-in-hand

When Diem launches and central banks roll out digital currencies, what role will each play? Here is a look at the world’s financial and payments future.

Global crypto alliance pushes renewable energy and greener digital assets

The Crypto Climate Accord — a joint effort that includes World Economic Forum, ConsenSys and Ripple — is aiming for net-zero crypto emissions by 2040.

Blockchain’s green efforts and crypto carbon-nomics in Asia | The Daily Forkast

From institutions wanting carbon neutral Bitcoins, to tokenizing carbon credits — these are the latest green crypto trends in this region.

Huobi Asset Management launches crypto tracker funds with SFC’s help

Huobi’s institutional-grade crypto funds will invest in Bitcoin, Ether and crypto mining now that Hong Kong’s ‘very friendly’ regulators gave their thumbs up.

How China’s DCEP digital yuan could reshape geopolitics and change the world

One year after China unveiled a digital currency via testing, its potential for displacing dollar diplomacy is becoming more understood. Is the US worried yet?

New ASEAN Blockchain Consortium forms to champion blockchain

Blockchain organizations from Australia and five Southeast Asian nations join forces for blockchain advocacy, public education and talent development.

While supporters rally to mark “Dogeday 4/20” – Here’s the weird history of Dogecoin

From controversial meme-coin to the 5th largest digital asset. Is Dogecoin a joke or the future of cryptocurrency?

12,600 XRP holders demand their day in court in SEC v. Ripple lawsuit

XRP investors and users ask to join SEC’s lawsuit against Ripple as third-party defendant. ‘Without our intervention, we are without a voice in the debate.’

China calls crypto an ‘investment’; Crypto demand bounces back in Asia

China gives the “alternative investment” label to crypto at this year’s Boao Forum for Asia, and hints at reserving a seat for digital assets in the country’s digital economy. Meanwhile, exchanges in Asia recover from crypto’s weekend price crash and see spikes in Bitcoin long orders. We’ll have more on that story — and other […]

Crypto assets should be regulated as “alternative investments”, China’s central bank officials said

China’s central bank is exploring a new stance towards Bitcoin and other cryptocurrencies, now calling them investment vehicles – but not currency

Coinbase sell-off triggers crypto market panic as Dogecoin prices soar

Were the weekend’s falling BTC, ETH and XRP prices a cryptocurrency market crash or just a correction — and why is DOGE escaping investors’ wrath?

Ripple accuses SEC of ‘intimidation tactic’ in seeking XRP info overseas

Battlefield for SEC v. Ripple lawsuit goes global as defense lawyers seek to stop SEC from obtaining information on Ripple and XRP from foreign regulators.

Dogecoin’s price no joke as DOGE rallies to become 8th largest cryptocurrency

The “joke” cryptocurrency has surged from less than a cent to hit a price of around US$0.25 today with a 24-hour trading volume of US$34.6 billion.

Ethereum’s Berlin upgrade goes live. What’s next for Ethereum?

ETH surged to a new all-time high with Ethereum’s Berlin hard fork. Will improving gas fees ward off Ethereum competitors like Binance Smart Chain?

Japan explores digital currency but is loathe to commit

Despite launching CBDC research, Bank of Japan is still not sure nation needs digital yen. Experts fear the caution could cost Japan its competitive edge.

Ripple partners with Novatti to use XRP for remittances in Asia Pacific

Despite its legal troubles in the US, Ripple expands XRP’s uses in Southeast Asia’s lucrative and fast-growing international money transfer market.

How new SEC chair Gary Gensler can reshape the crypto industry’s future

The former MIT blockchain professor and CFTC chair now sits atop a key regulator over crypto. How might his leadership affect SEC v. Ripple, or Bitcoin ETFs?

Coinbase listing on Nasdaq sets benchmark for other crypto exchanges

Coinbase’s estimated $100 billion direct listing debut could be the tipping point for crypto going mainstream. But is Coinbase really worth that much?

Binance Lists Coinbase Stock Token; Altcoins Reign Asian Crypto | The Daily Forkast

Bitcoin booms to new all-time highs but Asian retail investors are wooed by higher gains in altcoins while Binance tokenizes Coinbase.

Security exec allegedly steals $45M in Chinese government-owned crypto

A young executive with Beosin, tasked to protect cryptocurrency that police recovered from another crime, allegedly then lost it all in a Bitcoin bet gone bad.

Ripple executives file to dismiss SEC lawsuit as XRP prices soar

Tailwind of legal wins propel XRP’s market cap past US$70 billion as Ripple CEO and chairman ask court to drop SEC’s charges against them.

XRP price surges over 40% following another legal victory for Ripple

Court ruling favoring Ripple executives and slapping down SEC catapults XRP — now the world’s 4th most popular crypto — to its highest prices in 3 years.

How MPC can solve blockchain’s data privacy conundrum

Blockchain improves data protection but not confidentiality. Here’s why multi-party computation can be a solution, writes Kurt Nielsen of Partisia Blockchain.

Asian governments urge ‘extreme caution’ before buying cryptocurrency

As Bitcoin and crypto market swells beyond $2 trillion, even crypto-friendly Singapore is warning the public about risks. Are more regulations coming?

Korea’s BTC Premium Nosedives; Officials Take Aim at Crypto | The Daily Forkast

Government dismay at crypto frenzy in South Korea brings the country’s Bitcoin premium down a few notches. But despite threats and policy chills, it’s only got more South Koreans interested in the dizzying crypto world.

Lawyer for 11,000 XRP holders pushing to fight SEC in Ripple lawsuit

As Ripple and SEC intensify their legal battles, attorney John Deaton and his clients are trying to jump into the fray. Will XRP investors get their day in court?

Filecoin’s crypto top 10 stint. Coinbase wows with earnings for Nasdaq debut. Japan opens door to CBDC.

Other top blockchain and cryptocurrency news: Hong Kong is new test bed for China’s e-CNY digital currency. Decentraland’s token bridge to Polygon.

Will China’s rising crypto crimes prompt tighter regulation?

Rising Bitcoin prices have inspired a wave of crypto-related Ponzi schemes, fraudulent giveaways and other scams around the world — especially in China.

Why DeFi will be the next big thing in global finance

Traditional finance is costly and inefficient, and too many people are left out. Could decentralized finance (DeFi) be the answer?
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Coinbase Nasdaq listing set for April 14

Coinbase’s COIN ticker will go public after the exchange’s Q1 earnings results disclosure ahead its April listing.

Hoping to ride NFT wave, Taiwanese basketball team launches NFTs

Taking a page from NBA Top Shot’s playbook, the Lioneers of Hsinchu County are now selling NFT video clips of their basketball stars. How is the sale going?

India mandates new disclosure rules for cryptocurrency companies

Starting today, India’s crypto firms must report all cryptocurrency transactions to the government. What does this mean for India’s proposed crypto ban?
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What do Hong Kong’s crypto laws mean for exchanges and investors?

HashKey Group’s Angelina Kwan, a former regulator who helped write laws relevant to the crypto industry, also explains why Hong Kong leads the world in fintech regulations.

XRP holders step closer to joining Ripple in fighting SEC lawsuit

In a new ruling, the judge presiding over SEC v. Ripple Labs opens the door to allowing XRP holders to intervene as a third party in the government’s lawsuit.

SEC tries to block XRP holders’ bid to intervene in Ripple lawsuit

SEC tells court that allowing XRP holders to join as third parties would create an ‘avalanche’ of claims and ‘undue delay, complexity and confusion.’

World’s first major crypto art show opens in Beijing

Headlined by crypto art superstars Beeple and Robert Alice, the in-person exhibit also features works by Chinese artists. Next stop: Shanghai.

How does China see its CBDC and its use in cross-border payments?

China’s central bank says its DCEP project’s digital yuan, now in pre-launch testing across the nation, ‘will coexist and cooperate’ with Alipay and WeChat Pay.

Justin Sun: Next generation traders will prefer NFTs and DeFi

Gen Z and millennials will transform investing. Here’s why one of their own — TRON CEO Justin Sun — thinks NFTs and DeFi are the wave of the future.

How blockchain can power the growth of green finance

As interest in green bonds grow around the world, Asia is emerging as a hotbed of sustainable finance. Here’s why China will be leading the way.

KPMG: Virtual asset service providers ready to professionalize and grow

New KPMG report outlines opportunities for investors as well as traditional banks with the rise of VASPs like cryptocurrency exchanges and custody services.

World’s central banks come together to collaborate on CBDCs

As the world increasingly turns to Bitcoin, stablecoins and other cryptocurrencies, a brain trust of central bankers want to take back control.