Bitcoin holds above US$28,000, Dogecoin rises most in top 10 cryptos
Bitcoin and Ether rose in Monday afternoon trade in Asia, along with most other top 10 non-stablecoin cryptocurrencies by market capitalization.
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DeFi has a trust gap. What can rebuild its credibility?
Traditional institutions are testing crypto waters, but given last year’s market carnage, it’s not easy to gain their confidence, writes Simon Schaber of Spool.
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Hong Kong financial secretary eyes Web3 push despite market fluctuations
Paul Chan said it is the right time for the city’s Web3 push ahead of Hong Kong’s busy week of blockchain and finance gatherings.
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Bitget exchange starts US$100 mln fund to support ‘next-generation’ crypto projects
Bitget on Monday said it had launched a Web3 Fund with an initial investment of US$100 million to support development of cryptocurrency projects.
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FTX’s lack of financial controls complicates bankruptcy asset recovery, says legal filing
Former executives of the bankrupt crypto exchange FTX failed to install appropriate financial controls in the company, complicating the asset recovery process, the restructuring team of the failed exchange said.
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Arkansas joins Montana, Texas with bills on guidelines, protection for Bitcoin miners
Arkansas has joined Montana and Texas this year in proposing legislation to offer legal protections to companies operating crypto mining sites.
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Bitcoin resumes rise, Ether gains ahead of upgrade, Dogecoin makes up some lost ground
Bitcoin resumed its rise above US$28,000 in Monday morning trading in Asia, a support level it has fluctuated around for most of April.
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Thai opposition pledges US$15 bln in digital tokens: Bloomberg
Thailand’s main opposition party said it would distribute US$15 billion worth of digital tokens to citizens if it wins the general election
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Solana introduces ‘state compression’ to lower NFT storage costs
Solana has introduced a solution that aims to reduce on-chain storage costs for non-fungible tokens (NFT). See related article: Solana NFT sales surge as traders farm for Tensor rewards Fast facts See related article: DeGods begins migration to Ethereum
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Weekly Market Wrap: Bitcoin stuck at US$28,000 amid signs of slowing economies
Bitcoin bounced around the US$28,000 mark as worries about bank failures were replaced by concerns about a recession in the U.S. Just for good measure, the IMF forecast the global economy will see its slowest growth in two decades.