What Singapore’s novel crypto license scheme means for the future of payments
In a special Q&A, CEO Louis Liu describes the hoops FOMO Pay jumped through to win Singapore’s first crypto license and calls its regulator a ‘collaborator.’
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Blockchain gaming unicorn Animoca Brands closes $65M capital raise at $2.2B valuation
Animoca Brands, a Hong Kong-based blockchain gaming, metaverse and non-fungible token (NFT) company, has closed a capital raise for US$65 million at a pre-money valuation of US$2.2 billion, according to a company statement. Fast facts Investors in the round included Liberty City Ventures, Ubisoft Entertainment, Sequoia China, Dragonfly Capital, Token Bay Capital and Justin Sun,…
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China’s crypto presence shrinks, while the U.S. rides the tide
More industry players are exiting the Chinese mainland market amid tougher crackdown.
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China’s crypto investors get creative to bypass domestic trading ban
Some are registering companies overseas, via — you guessed it — Taobao vendors.
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Where are Bitcoin prices heading as 2021 ends? 50 experts offer predictions
As the price of Bitcoin hovers just under its all-time high, a report released today by Australia-based comparison site Finder.com is predicting that the world’s largest cryptocurrency will peak at US$80,021 later in 2021 before ending the year slightly lower at US$71,415. Fast facts Bitcoin was trading at US$62,294 at publishing time, just below its…
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China fuels blockchain development despite stricter crypto ban
Authorities encourage new ways to apply blockchain across various industries, although there’s no room for crypto
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Chinese President Xi Jinping underscores blockchain importance in transport
Chinese President Xi Jinping said on Thursday at the United Nations Global Sustainable Transport Conference the country needs to uphold an innovation-driven approach and create more drivers for development. He specifically mentioned in his remarks the integration of blockchain. Fast facts Xi said more should be done to develop smart transport and smart logistics and…
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East Asia falls from 1st to 4th place in share of global crypto transaction volume
East Asia’s share of global cryptocurrency transactions plunged to 14% in June 2021 from 31% in April 2019 when it was by far the world’s largest crypto economy, according to blockchain data provider Chainalysis’ 2021 Eastern Asia Report published today. Fast facts China’s crypto crackdown in May saw East Asia — with China the biggest…