What are the biggest challenges for institutions that adopt crypto?
What does it mean to provide ‘institutional’ crypto services, and what role does blockchain technology play? Robert Cooper of Digivault explains.
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Petitioners oppose looming 20% crypto tax in South Korea
Crypto investors say virtual asset gains will be taxed on uneven grounds compared to stock capital gains.
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TikTok makes high-profile entry into NFT market with NY Times ad buy
TikTok, an app that is popular for making and sharing short videos, is jumping onto the non-fungible token (NFT) bandwagon. TikTok placed a full-page advertisement in the New York Times to promote its entry into that market. Fast facts The fast-growing social media platform, which has just surpassed 1 billion monthly users worldwide, announced plans…
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Axie Infinity revenue plunges, while AXS price breaks new ground
It’s been quite a run for the world’s leading play-to-earn game, but as its monthly revenue takes a hit, what’s in store for the future of the game?
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What is Hong Kong’s future as a crypto hub?
Hong Kong, a hotbed for crypto startups and exchanges, is at a crossroads, writes Jeremy Ng of Gemini. Here’s how the industry can better secure its future.
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Central and Southeast Asia among fastest-growing regions in global crypto adoption: Chainalysis
Much of the growth in the region is driven by strong grassroots adoption rates led by Vietnam, India and Pakistan, new data from Chainalysis shows
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Bitcoin funds lead 7th consecutive week of inflows: CoinShares data
Bitcoin investment products saw inflows of US$69 million last week amid improving investor sentiment, according to digital assets fund manager CoinShares. Fast facts “We believe this decisive turnaround in sentiment is due to growing confidence in the asset class amongst investors and more accommodative statements from the U.S. Securities [and] Exchange Commission and the Federal…
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Laos hires Tokyo blockchain startup to explore CBDC
Laos enlisted Soramitsu, a blockchain company headquartered in Tokyo, Japan, to explore a central-bank backed digital currency (CBDC). The Lao Central Bank and Soramitsu’s research will begin as early as this month. Fast facts The Central Bank of Laos reportedly has recently signed a memorandum with the Japan International Cooperation Agency to discuss the development…
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Hong Kong issues technical white paper on e-HKD
The Hong Kong Monetary Authority (HKMA) on Monday released a white paper proposing potential technical architecture and design for the infrastructure of a digital Hong Kong dollar. The paper is one of the deliverables described in Project e-HKD, a feasibility study the HKMA announced in June 2021. Fast facts Hong Kong began its exploration of…