Japan’s financial regulator aims to lift ban on foreign stablecoins by June this year
Japan plans to introduce regulations by June this year that will allow domestic investors to trade certain stablecoins from overseas.
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Markets: Bitcoin, Ether dip as investors take profits; earnings reports, economic data rattle equities
Bitcoin and Ether fell in Wednesday morning trading in Asia, along with the other top 10 non-stablecoin cryptocurrencies as investors seemed to be taking profits after the strong gains in crypto prices since the start of the year.
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Regulators should not legitimize ‘purely speculative’ crypto activity: Singapore’s monetary authority chief
Regulators should not legitimize “purely speculative” activity in crypto markets following the collapse of FTX, said Monetary Authority of Singapore Chairmen.
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Markets: Bitcoin rises above US$23,000; Polkadot, BNB lead gains across top 10 cryptos
Bitcoin broke the US$23,000 resistance line in Tuesday afternoon trading in Asia, with most other top 10 non-stablecoin cryptocurrencies by market capitalization also higher.
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Bankrupt crypto lender Genesis ‘optimistic’ about resolving creditor dispute: Reuters
Genesis Global Capital’s lawyers are confident about resolving their disputes with creditors this week, with the goal of emerging from Chapter 11 in May.
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Ethereum’s Shanghai Mainnet moves one step closer as “Shadow Fork” goes live
Software developers for Ethereum, the world’s second-largest blockchain, on Monday said they successfully deployed a copy of the blockchain — or “shadow fork” — to run tests of the upcoming Shanghai hardfork upgrade scheduled for March.
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Why Islamic finance is thriving despite global market storms
While much of the world economy remains mired in winter doldrums, it’s springtime for the Islamic finance sector. Mohammed AlKaff AlHashmi of Islamic Coin explains why.
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Markets: Bitcoin edges higher, Ether little changed; XRP, Polkadot post strong gains in mixed market
Bitcoin edged higher to the US$23,000 resistance line, while Ether traded little changed in mixed early morning trading in Asia on Tuesday.
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India’s CoinDCX exchange says crypto tax rules are reducing government revenue
India announces its full year budget on Feb. 1, the last before general elections in 2024, and the cryptocurrency and digital asset industry is lobbying the government for changes in tax rules, among others.
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Binance says Signature Bank no longer supports crypto exchange transactions of under US$100,000
Signature Bank will not handle transactions of less than US$100,000 for crypto exchange customers starting in February, according to exchange giant Binance.