A bear market may be painful, but it’s good for DAOs
When times are tough, a DAO must trim fat and focus on providing a better product or service to its community, writes Redmption of Harvest Finance.
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Crypto exchange Huobi Global announces advisory board
Crypto exchange Huobi Global announced the formation of a five-member global advisory board after Hong Kong-based asset management firm About Capital Management purchased a majority stake of the exchange. See related article: Huobi looks to sell stake that values exchange at US$3 bln, Bloomberg reports Fast facts See related article: Huobi is third global exchange…
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Markets: Bitcoin rises but remains below US$20,000; Ether gains, XRP leads crypto top 10
Bitcoin has gained slightly but was still trading below US$20,000 on Monday morning in Asia, having fallen below that support line late last week after fluctuating around that level for most of the past month. Ether and the rest of the crypto top 10 by market capitalization also rose slightly, with XRP seeing by far…
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RBI to begin CBDC pilots, outlines wholesale, retail concepts
The Reserve Bank of India (RBI) will soon begin to pilot the digital rupee for specific use cases, it said in a concept note on its central bank digital currency (CBDC). See related article: Sweden’s central bank to test use of retail CBDC for instant payments Fast facts India’s central bank said in the concept…
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Malaysia to get its own national public blockchain
MY E.G. Services Berhad (MYEG) and Mimos Technology Solutions Sdn Bhd (MTSSB) signed a memorandum of understanding (MOU) on Thursday to co-develop and operate Malaysia’s national blockchain infrastructure to onboard the nation’s private and public sectors to Web 3.0. See related article: Huobi Global talking to Malaysian regulator about being put on investor alert list…
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Game Space to launch a dozen games by mid 2023, says investor Livio Weng
The former CEO of Huobi Global has jumped into the GameFi space.
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Markets: Bitcoin, Ether fall with other top 10 crypto – BNB, Dogecoin lead losers
Bitcoin fell in Friday evening trading in Asia to dip below the US$20,000 support line as the top 10 cryptocurrencies by market capitalization lost ground, led by Dogecoin and BNB. See related articles: Markets: Bitcoin dips; BNB drops on chain glitch; Ether, XRP little changed Fast facts: Bitcoin lost 1.39% in the past 24 hours…
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Middle East & North Africa lead crypto adoption driven by inflation, remittance payments: Chainalysis
Emerging markets dominated the 2022 Global Crypto Adoption Index, with Latin America second in transaction volume growth.
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Markets: Bitcoin dips; BNB drops on chain glitch; Ether, XRP little changed
Bitcoin dipped under the US$20,000 support line in Friday morning trading in Asia, a price it has repeatedly fluctuated around for several weeks. Ether, the second largest token by market capitalization, was little changed and up about 2% on the week. Most other coins in CoinMarketCap’s top 10 by market capitalization were flat to lower.…
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Binance gets nod to operate in Kazakhstan
Binance has obtained a “permanent license” to operate a digital asset platform and provide custody services at Kazakhstan’s Astana International Financial Center, the world’s largest cryptocurrency exchange announced in a blog post on Thursday. See related article: Binance targets expansion in Philippines, Turkey, executive says Fast facts The license gives Binance the status of a…