Report: 1.7 million DeFi users now on Ethereum, 50% more since Jan. 1
ConsenSys Codefi’s Q1 report on decentralized finance (DeFi) trends also saw 7x growth in stablecoins and predicts flashbots dominating the Ethereum network.
How fractionalized NFTs could be the next frontier of investing
Where is the NFT market headed, and has the bubble burst? Consider a world where any asset could be tokenized and sold fractionally to investors.
New York Giants ink partnership deal with Grayscale
Football team adds world’s biggest crypto asset manager to roster of corporate sponsors as sector firms make inroads into sports. The New York Giants have announced an exclusive partnership agreement with digital currency asset manager Grayscale Investments, which had $46.6 billion of assets under management as of April 30. The arrangement, a first in the […]
Crypto demand grows in Australia as rich families seek investment edge
Institutional interest propels cryptocurrencies into mainstream for wealthy investors looking to diversify portfolios. High net worth Australians are committing increasing sums in cryptocurrencies as digital assets move from the fringes of investment markets and become steadily more mainstream. Leigh Travers, executive director of technology investment firm DigitalX, says he has observed a growing trend toward […]
Nokia unveils blockchain-enabled marketplace for monetizing data exchange, analysis
Finland-based mobile phone manufacturer Nokia unveiled its blockchain-enabled Nokia Data Marketplace on Wednesday, said to offer monetized data exchange and analysis capabilities. In a statement, the company said the service would allow its partners from various industries to collaborate via private blockchain, leveraging AI and automated mechanisms in real time to address rapidly growing data […]
Ethereum and Dogecoin prices skyrocket. Andreessen Horowitz’s crypto talent search. Mastercard wants in on CBDCs.
Other top blockchain and cryptocurrency news: S&P Dow Jones launches Bitcoin and Ethereum indices. Will China crack down on more crypto miners?
How Uniswap V3 and smartBCH seek to streamline DeFi, save on gas
The days of ‘DeFi’ being an insider buzzword are over. But gas fees remain high and the road bumpy. Will Uniswap V3 and smartBCH change anything?
Dogecoin price jumps to new ATH with Gemini support for DOGE
Dogecoin’s price is now at an all-time high of 69 cents, and the joke crypto is now bigger than Ford and Nintendo. Are DOGE investors high on Gemini?
5 US digital dollar pilots launching to chase China’s CBDC lead
The private sector-led Digital Dollar Project is planning CBDC pilots for the US. How are central bank digital currency efforts and progress different in Asia?
Over 800 limited edition Star Wars collectibles in NFTs
Do you want to own a piece of Hollywood history? More than 800 limited edition collectibles from one of the most storied movie franchises in history are now up for auction in the Starcoll NFT marketplace beginning Tuesday (May 4), Starcoll announced on its website. “Over 800+ limited edition Star Wars collectible will be released […]
Spanish health care group Biziondo to accept Bitcoin payments
Biziondo, a Spanish medical group specializing in spinal health, announced plans to accept cryptocurrency payments, citing the start of the “Bitcoin revolution.” “It is clear that the Bitcoin revolution has already started in an economic context in which, in 2020, 60% of the world’s money was printed by European, United States, and Japanese central banks. […]
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, […]
Former US Treasurer joins Ripple board, Kristina Campbell is new CFO
U.S.-based payments solutions provider Ripple announced two key appointments on Monday, with former U.S. Treasurer Rosa “Rosie” Gumataotao Rios joining its board of directors and Kristina Campbell joining the firm as its new chief financial officer. Ripple chief executive officer Brad Garlinghouse said on the company’s official website, “These two exceptional leaders join Ripple at […]
Spanish healthcare group Biziondo to accept Bitcoin payments
Spanish spinal care specialist Biziondo says it will start accepting cryptocurrency payments, citing the “Bitcoin revolution.”
Intel and Microsoft form partnership to combat cryptojacking attacks
Microsoft has partnered with Intel to roll out a threat detection feature to protect endpoints from cryptojacking malware. The new feature extends Intel’s Threat Detection Technology (TDT) function on Microsoft Defender to flag suspicious activities. It also mitigates the threats before they occur on the computer. The boom of cryptocurrencies has brought about new threats […]
German regulators could fine Binance heavily
According to a report, Binance could face investigation from European regulators over the issued stock tokens. The largest crypto exchange issued its first tokenized stock early this month, starting with Tesla stocks. The U.K Financial Conduct Authority (FCA) had revealed last week that it is working to understand the product to know whether Binance has […]
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 […]
‘We should have bought Bitcoin, not gold’ — BNY Mellon fund
In its SEC filings, the asset management firm BNY Mellon revealed that the poor performance of its exchange-traded fund (ETF) was due to its non-exposure to assets invested in Bitcoin. The bank noted that its BNY Mellon Opportunistic Small Cap Fund (DSCVX) performance was partly because it had no exposure to MicroStrategy. MicroStrategy bought its […]
As DeFi swells past US$140 billion, FATF stokes worries over KYC/AML
Fast-growing DeFi — still a largely unregulated industry — gives FATF an earful over its proposed ‘travel rule’ and expanded anti-money laundering rules.
FinTech group: ‘digital footprints’ could help underbanked Philippines
Filipino-owned assets management company SAM Digital Technologies says adoption of blockchain could promote ‘digital footprints’ in the island nation. The country’s central bank is also interested in the technology.
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.
Thailand tightens grip on cryptocurrency, increases KYC requirements
Thailand has issued fresh orders to tighten regulations on new cryptocurrency accounts, requiring customers to appear in person.
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.
Singapore’s US$31 million RegTech grant to boost crypto compliance
The RegTech grant, although not directed towards cryptocurrency, could have a profound impact on the industry.
Why Binance stock tokens are drawing regulatory scrutiny
Are Binance stock tokens in Tesla, Coinbase and Apple mere tokens or company shares by a different name? Securities regulators are taking a close look.
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.
JPMorgan, DBS Bank and Temasek partner on ‘game-changer’ blockchain for payments
JPMorgan, DBS Bank and Temasek jointly form a new company, Partior, to develop a blockchain platform for cross-border payments and settlements.
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.
Tesla earnings soar from Bitcoin. PancakeSwap eclipses Ethereum. Coinbase delays Tether USDT listing.
Other top blockchain and crypto news: China’s internet giants JD.com and Ant Group reveal extent of digital yuan support. Turkey rethinks crypto ban.
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?
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.
Internet giants JD.com and Ant Group deepen support for China’s digital yuan
China intensifies its nationwide digital currency testing via JD.com paying employee salaries in digital yuan and Ant Group’s MYbank offering e-yuan services.
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?
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.
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.
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.
Bitcoin prices crash 12% in 24 hours; below $50,000 for first time since March
BTC is down more than 24% from its all-time high of US$64,787, set just last week with the Coinbase public offering. Will Bitcoin’s downward spiral continue?
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.
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 Singapore transformed from fishing village to crypto powerhouse
The Lion City’s status as Asia’s crypto haven was no accident, writes Shaun Djie of Digix. What can other countries learn from Singapore’s fintech success?
Is Dogecoin’s price boom over? Investors punish Bitcoin and crypto market. Edward Snowden’s $5 million NFT.
Other top blockchain and cryptocurrency news: Can China be warming up to digital assets and crypto investing? Ethereum ETFs roll out in Canada.
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.
Why Bitcoin’s carbon footprint may not be bad as you might think
As we observe Earth Day, let’s not scapegoat cryptocurrency. The truth about renewable energy and electricity use by banking and gold may surprise you.
What is Bitcoin’s environmental impact — and what are the solutions?
The recent steep rise in Bitcoin and Ethereum prices has also led to more crypto mining and energy-consumption, much of it still powered by coal.
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?
One year after China began testing its digital yuan, China watchers wonder how close it is to launching?
Look for nifty DCEP wallets to make a debut at the 2022 Beijing Olympics
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?
Justin Chow: Why Asian institutional investment in Bitcoin will only grow
Justin Chow of Cumberland DRW explains why Asia has lagged behind the US in institutional interest in crypto — and why that will likely change soon.
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.
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?
Bitcoin skyrockets past US$64,000, hits another all-time high
Ahead of Coinbase’s Nasdaq listing, Bitcoin surged to new highs in Asian trading hours. Ether, ADA and DOGE also reached new ATHs as altcoins soared.
IMF wants more crypto supervision in the Philippines | The Daily Forkast
IMF warns issues warnings against crypto exchanges in the Philippines as China extends tests of its digital yuan to its free trade zone, Hainan Province.
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.
Hong Kong-listed Meitu buys more Bitcoin, now has US$100 million in crypto
Shares are up 75% since the beauty selfie app company began investing in Bitcoin and Ether to try to boost its flagging fortunes.
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?
New art and fashion NFT platforms coming to Hong Kong, Singapore
Welcome to crypto’s latest catwalk. Publisher of Vogue Singapore and a Hong Kong exchange unveil plans to turn up the heat on Asia’s NFT market.
Bitcoin’s ‘kimchi premium’ plummets, Upbit exchange suspends services
After surging to 21%, the higher prices that South Koreans pay for Bitcoin are now plunging. What role did Korean regulators and overseas traders play?
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.