EU’s MiCA crypto rules published in official journal
The Official Journal of the European Union published on Friday the European Union’s landmark Markets in Crypto Assets law (MiCA), stating that the regulation would enter into force in 20 days from the date of publication.
Binance.US suspends U.S. dollar deposits, to pause fiat withdrawal channels
Binance.US, a cryptocurrency trading platform set up by Binance chief Changpeng Zhao to serve U.S. clients, said on Friday that it has suspended U.S. dollar deposits to protect customers amid intensifying regulatory pressure.
The Moment3 to launch NFTs with Alibaba’s e-commerce platform AliExpress
AliExpress, the global online platform of China’s e-commerce giant Alibaba Group, will launch NFTs on June 25 working with NFT project “the Moment3!”.
The grand experiment in crypto compliance: What will the future look like?
From US crackdowns on Binance and Coinbase to new business-friendlier frameworks in Hong Kong and Europe, seismic shifts in crypto regulations are under way.
Why the US is waging war on Binance, Coinbase
Top blockchain and crypto news: Binance, Coinbase in SEC firing line. Solana NFTs slump as Bitcoin’s surge. New dawn in Hong Kong crypto regulations.
Swift, Chainlink to test blockchain token transfers with at least 12 major banks
The Society for Worldwide Interbank Financial Telecommunication (Swift) and blockchain data provider Chainlink will work with more than 12 major banks across the world to test the use of existing Swift infrastructure to transfer tokenized assets across public and private blockchain networks, Swift said on Tuesday. See related article: SWIFT, Chainlink announce cross-chain interoperability partnership […]
USDC stablecoin issuer Circle obtains Singapore license for digital payments, others
Circle Singapore said Wednesday it has received a Major Payment Institution license from the Monetary Authority of Singapore.
Why lack of diversification is cripping to the crypto market
Small cryptos often rise and fall with BTC and ETH — the market’s two biggest players. The concentration risk is profound, and here’s why you should care.
Apple’s VR/MR Brings the metaverse back into focus
Apple’s Vision Pro VR is the new door to the metaverse. This headset may not be the first, but like CryptoPunks, it’s set to redefine how we see and use NFTs
JPMorgan teams up with Indian banks for blockchain-based settlements: Bloomberg
JPMorgan has reportedly launched a pilot project with top private lenders in India for interbank dollar transaction settlements through its blockchain platform, Onyx.
Bitcoin dips below US$27,000, Litecoin biggest loser
Bitcoin drops below US$27,000 on Monday amid mixed crypto market. Litecoin, BNB see losses while XRP, Tron, Solana gain.
Why G7’s proposed crypto regulations will be bad for DeFi
FATF’s travel rule is looming over the crypto industry as an existential threat, writes Jack Jia of Unlimit. Here’s why it’s especially worrying to DeFi and self-custody wallet users.
Bitcoin little-changed around US$27,000, Ether treads water; Solana, XRP gain
Bitcoin, Ether traded little changed Monday morning in Asia, along with most other top 10 non-stablecoin cryptocurrencies. However, both Solana and XRP rose.
Return of the NFTs?
NFTs reach new heights as May sees record-breaking transactions, hinting at widespread adoption.
Hong Kong’s crypto rules offer level playing field, investor protection, says OSL exchange executive
OSL is one of only two digital assets trading platforms in Hong Kong licensed to offer services to professional investors.
Solana’s NFT sales dive as Bitcoin Ordinals surge
A significant drop in Solana’s monthly NFT sales coincides with a boom in Bitcoin NFTs. Experts believe Bitcoin could soon challenge Ethereum’s dominance in the market.
Bitcoin rises above US$27,000, Litecoin leads gains among top 10 cryptos
Bitcoin gained 1.08% on Friday afternoon and Ether strengthened 1.78%.
Japan’s ANA airline launches NFT marketplace, sees future in metaverse projects
Japan’s All Nippon Airways, or ANA Group, has launched a non-fungible token platform known as “ANA GranWhale NFT MarketPlace” to trade art and photograph collectibles through its metaverse subsidiary ANA NEO, the company tweeted on Thursday.
What’s holding back DeFi and keeping the masses away
DeFi has the potential to revolutionize finance, but hacks, poor user experience, and a lack of a regulations make many wary, writes Arthur Firstov of Mercuryo.
Bitcoin dips under US$27,000, Ether falls, Litecoin leads winners, U.S. equities bounce back
Bitcoin fell Friday morning in Asia to trade below US$27,000. Ether and most other top 10 non-stablecoin tokens traded flat to lower. Litecoin gained.
What’s next for crypto miners after US debt ceiling deal?
Top blockchain and crypto news: Miners dodge tax bullet. Blur, Binance heat up NFT lending. Chinese cities’ plans reveal nationwide Web3 ambition.
Bitcoin drops below US$27,000 with Cardano leading losses
Bitcoin fell 1.36% to US$26,805 in 24 hours. Ether slipped 0.82% to US$1,854.
Bitcoin mining difficulty rises 3.4% to all-time high as hashrate jumps
Bitcoin’s mining difficulty level rose 3.4% on Thursday to an all-time high, as the network’s hashrate also increased to a record high.
Bitcoin logs monthly loss, Ether retreats, XRP leads losers, U.S. equities slide
Bitcoin fell on Thursday morning in Asia to post the first monthly loss of the year. Ether and all other top 10 non-stablecoin tokens also traded lower.
Hong Kong to be digital asset rules sandbox for China, says former city regulator
Virtual assets will receive the same regulatory clarity in Hong Kong as their real-world counterparts, says former Hong Kong SFC regulator Angelina Kwan.
Bitcoin, Ether in red, XRP lone gainer in top 10
A downturn impacted Bitcoin and Ether, along with the majority of top 10 non-stablecoin cryptocurrencies in Wednesday’s Hong Kong trading session. XRP remained the sole exception, maintaining its positive performance from the morning.
UAE and Hong Kong central banks to collaborate on crypto regulation
The Central Bank of the United Arab Emirates and the Hong Kong Monetary Authority have agreed to strengthen cooperation in regulating virtual assets.
Bybit crypto exchange follows Binance in exiting Canada amid tightened rules
Dubai-headquartered Bybit said it will exit the Canadian crypto market and stop accepting new accounts from Wednesday, citing a “recent regulatory development.”
Bitcoin, Ether flat; XRP jumps; U.S. equity futures mixed ahead of debt ceiling vote
Bitcoin traded flat on Wednesday morning in Asia, after briefly breaching US$28,000. Ether dipped while other top 10 non-stablecoin tokens traded mixed.
XRP edges past Bitcoin, Ether with Tuesday’s largest gains
Bitcoin and Ether inched up during Tuesday afternoon trading hours in Hong Kong, while the rest of the top 10 non-stablecoin cryptocurrencies by market capitalization were mixed.
Bitcoin, Ether dip; XRP rises; U.S. equity futures gain as debt ceiling worries fade
Bitcoin fell in Tuesday morning trading in Asia. Ether and most other top 10 non-stablecoin tokens also logged losses, while XRP gained.
How NFT-financing can reshape the landscape of lending and borrowing
NFT-backed lending and borrowing can unlock liquidity and expand investment opportunities. Here are the best practices — and risks.
Hong Kong Web3 industry forms new associations to push crypto hub ambition
Leaders in Hong Kong’s Web3 industry announced the formation of two new associations, Hong Kong Licensed Virtual Assets Association (HKLVAA) and Web3 Harbour, on Monday.
Singapore’s Temasek cuts employee compensation for failed FTX investment decision
Temasek, Singapore’s state-owned investment firm, said on Monday that it has cut the pay of senior management and the investment team involved in the decision to invest in the now-bankrupt FTX cryptocurrency exchange.
Bitcoin drops below US$28,000, Tron’s deflation slows losses
Bitcoin couldn’t maintain its Monday morning gains as the world’s largest cryptocurrency dropped below US$28,000 in the afternoon.
Why are so many VCs and startups flocking back to banks?
The collapse of Silicon Valley Bank and others led to predictions of big shifts away from centralized finance. James Wo examines why that hasn’t happened yet.
Beijing releases Web3 white paper, highlights challenges in talent, rules
Beijing’s local government on Saturday released a white paper outlining plans and challenges for development of the city’s Web 3.0 industry.
Bitcoin back above US$28,000 as cryptos rebound on positive debt ceiling talks
Bitcoin moved back above US$28,000 on Monday morning in Asia, leading a rally among all top 10 non-stablecoin tokens. Ether reclaimed the US$1,900 level.
Bitcoin and Ethereum: Two titans battle for NFT supremacy
Unpacking the NFT disparity at Veecon & BTC Miami 2023: established ETH vs emerging BTC. CryptoSlam seeks to bridge the gap.
Weekly Market Wrap: Bitcoin weighed down by debt ceiling uncertainty
Bitcoin traded above US$26,000 as the uncertainty around the U.S. debt ceiling negotiations caused global concerns over a potential governmental default. Crypto markets will stay muted until a deal is reached, Industry experts told Forkast.
Most top 10 cryptos up, despite looming fears of US default
Bitcoin and Ether rose during afternoon trading in Asia on Friday, along with most of the top 10 non-stablecoin cryptocurrencies by market capitalization, excluding the Solana and Tron tokens.
Warren Buffet-backed Nubank, Visa, Mastercard to join Brazil’s CBDC pilot
Banco Central do Brasil, the central bank of Brazil, has selected 14 institutions to participate in the pilot run of the country’s central bank digital currency (CBDC) named Real Digital.
China: Zhengzhou City proposes metaverse plan
China’s Zhengzhou city issued a set of policy proposals Wednesday to support metaverse companies, including a 10 billion yuan (US$1.42 billion) metaverse fund.
Binance launches NFT loan service to rival Blend
Binance Marketplace, Binance’s NFT trading platform, is launching a new service Friday where users can loan Ether by using NFTs as collateral.
South Korea: Former Coinone executive pleads guilty to bribery
A former executive at Coinone pleaded guilty on Thursday to accepting bribes in exchange for listing certain cryptocurrencies on the platform.
AI-themed cryptos rise; NFT lenders duke it out; US debt talks continue
Surge of interest in AI chipmaker Nvidia extends to crypto, Binance and Blur vie for top NFT lender spot, while uncertainty abounds over U.S. debt talks.
Hong Kong Solidifies Crypto Regulations even as Malaysia bears down on Huobi
The launch of Hong Kong’s very own CBDC comes with new regulations for crypto trading platforms operating in the city.
In battle to be Asia’s crypto hub, which city will emerge victorious?
Top blockchain and crypto news: Asia’s crypto hub race. Is US debt ceiling fight a boon or a bane for crypto? China’s red carpet for metaverse investment.
Hong Kong is world’s most crypto-ready jurisdiction, new study claims
Hong Kong is the most crypto-ready jurisdiction in the world, based on the number of blockchain startups per 100,000 people and the number of crypto ATMs proportional to the population, according to a new study by forex education platform Forex Suggest.
Top 10 cryptos decline, except Matic, as debt ceiling negotiations erode risk appetite
Bitcoin and Ether fell during afternoon trading in Asia, along with all other top 10 non-stablecoin cryptocurrencies by market capitalization, excluding Polygon’s Matic token. Most Asian equities declined while most U.S. stock futures strengthened, despite Fitch Ratings placing America’s AAA rating on a negative watch, citing rising concerns that the government could default on its […]
South Korea will require all public officials to disclose crypto holdings from 2024
South Korean lawmakers unanimously approved a new bill requiring public officials to disclose their crypto holdings to be implemented in December.
Hong Kong’s new crypto rules covered by China state TV in rare move from Beijing
Analysts say the move could signal a bull run in cryptocurrencies.
Terraform CEO Do Kwon’s bail revoked in Montenegro
The high court of Montenegro’s capital city Podgorica has revoked its decision to grant bail to Terraform Labs chief executive officer Do Kwon.
Bitcoin drops near US$26,000 amid U.S. debt uncertainties
All top 10 non-stablecoin cryptocurrencies fell, as investors assess macro sentiment.
Singapore’s OCBC Bank, ADDX exchange launches tokenized structure notes
OCBC Bank will offer tokenized equity-linked structured notes to accredited investors, in a partnership with private market exchange ADDX.
Bitcoin drops below US$27,000, Dogecoin biggest loser
Bitcoin dropped 2.33% to US$26,671. Ether lost 2.15% but traded above US$1,800.
China’s Nanjing city launches state-backed metaverse entity
China’s Nanjing City launched a state-backed organization on Monday to promote and enhance metaverse studies throughout the nation.
Only 4% of South Koreans use metaverses, survey reveals
Only 4.2% of South Korean citizens have said that they regularly use metaverse services, a recent survey results show.
Crypto’s aversion to anti-money laundering standards is only hurting itself
For crypto to grow for the long term, the industry must show greater respect for global standards that combat crime, writes Slava Demchuk of AMLBot.
Bitcoin, Ether rise; Dogecoin falls despite record high transaction volume
Top 10 non-stablecoin cryptos traded mixed, while investors continue to assess U.S. debt talks.
VeeCon: Rekindling the NFT Community’s Fire
VeeCon 2023 NFT conference inspires and strengthens the market with community focus and innovation. Gary Vaynerchuk’s keynote resonates with fans worldwide.
Hong Kong? Singapore? Tokyo? Seoul? Dubai? The race is on for the Web3 hub of Asia | Part 2
While U.S. regulators continue debating over whether cryptocurrencies are securities or commodities, the digital assets industry is being pleasantly welcomed by several Asian cities. And the competition is really hotting up now.
Bitget crypto exchange registers in Poland
Seychelles-headquartered cryptocurrency exchange Bitget announced on Tuesday that it successfully registered as a virtual asset service provider in Poland.
Hong Kong to open crypto to retail traders, plans guardrails
Hong Kong will allow licensed cryptocurrency trading platforms to offer services to retail investors and will implement a slew of measures to protect individual traders, the Securities and Futures Commission (SFC) said on Tuesday.
Governments could access Ledger wallet private keys, says CEO
Cryptocurrency wallet Ledger’s new update allows governments to access users’ seed phrases via subpoena, said Pascal Gauthier, the chief executive officer of Ledger.
All top 10 cryptos rise; Hotbit crypto exchange shuts down; U.S. stock futures drop
Bitcoin gained 1.71% and Ether climbed 2.35%. Polygon gained the most in 24 hours followed by Tron.
Bitcoin, Ether, top 10 cryptos rise; US futures climb
The top 10 non-stablecoin cryptocurrencies, including Bitcoin and Ether, were up across the board as U.S. Fed rate talks and debt negotiation outcomes remain unpredictable.
Hong Kong? Singapore? Tokyo? Seoul? Dubai? The race is on for the Web3 hub of Asia | Part 1
As U.S. regulators file lawsuits against cryptocurrency platforms, prompting some digital asset companies to seek more favorable jurisdictions, a fleet of cities in Asia are putting out the welcome mat, seeking to attract the jobs and investment that Web3 technologies promise. Right now, Hong Kong seems to be grabbing the limelight, but it has competition.
Malaysian regulator orders Huobi crypto exchange to cease local operations
The Securities Commission Malaysia (SC), the capital markets regulator, has charged cryptocurrency exchange Huobi Global and its chief executive officer Leon Li for operating a digital asset exchange (DAX) without registration.
Bitcoin, top 10 cryptos fall except Tron; U.S. futures slightly up; Asian equities rise
Bitcoin traded below US$27,000 in Monday afternoon trade in Asia.
Are deposit tokens the new stablecoins — or a wolf in sheep’s clothing?
Stablecoins are a key part of the crypto ecosystem, but banks like JPMorgan are now exploring deposit tokens as an alternative. Which is better, and why?
S.Korean lawmakers propose public officials disclose crypto holdings
A South Korean ruling party lawmaker proposed all public officials and candidates disclose their crypto holdings in a new bill unveiled last Friday.