Bitcoin follows blue chips south amid market turmoil
Top blockchain and crypto news: Market contagion hits crypto. Ethereum developer pays price for bad Korea move. China whacks more crypto miners.
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Coinbase snafu sets the cat among the crypto pigeons in India
Coinbase’s showcasing of support by government-backed National Payments Corporation of India (NPCI) set the ball rolling on the cryptocurrency exchange being yanked from the ubiquitous Unified Payments Interface (UPI).
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DTCC unveils prototype to support Fed-issued digital dollar
The Depository Trust & Clearing Corporation (DTCC), one of the largest financial service providers in the U.S., unveiled “Project Lithium” to test infrastructure in support of a U.S. digital currency using blockchain technology. See related article: 5 US digital dollar pilots launching to chase China’s CBDC lead Fast facts Project Lithium is based on blockchain…
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Former Ethereum developer Virgil Griffith gets 63 months in prison
Former Ethereum developer Virgil Griffith was sentenced to prison and fined US$100,000 for violating international sanctions against North Korea by speaking at a cryptocurrency conference in the Hermit Kingdom in April 2019. See related article: North Korea hacked US$400M of crypto in 2021, says Chainalysis Fast facts At the conference, Griffith explained blockchain technology’s use…
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SFC allows HK’s MaiCapital to manage 100% digital-assets portfolio
The development allows the city to emerge as a top destination for asset managers looking to launch cryptocurrency-themed funds for professional investors. See related article: More traditional investors are eyeing cryptocurrency to diversify their portfolios Fast facts The Securities and Futures Commission (SFC)-licensed blockchain and virtual assets manager can manage portfolios that may comprise up…
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Cryptos slump over inflation, Shanghai lockdown and war concerns
Bitcoin and Ethereum were down more than 5% each in Asian trading hours as cryptocurrency markets slumped in lockstep with traditional assets.
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T Scientific to acquire 60% of S.Korean crypto exchange Hanbitco for $19.5 mln
South Korean mobile services company T Scientific announced Monday it will purchase a 60.36% stake in PlutusDS, the operator of local cryptocurrency exchange Hanbitco. See related article: South Korea crypto exchange underdogs: Where are they now? Fast facts T Scientific, a South Korean company specializing in the provision of mobile coupons and mobile commerce services,…
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China’s Xpeng joins the bandwagon in selling NFTs on Alibaba
Chinese electric vehicle maker Xpeng is selling “digital collectibles” as part of its marketing campaign to mark the 100,000th rollout of a complete vehicle. See related article: Lamborghini’s last all-gas Aventador to be auctioned with NFT Fast facts See related article: China’s Communist Party wants to regulate NFTs
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How Southeast Asia’s NFT ecosystem lifts up local artists
Providing access to global customers and higher income, NFTs are changing lives in some of the poorest places in the world, writes Katherine Ng.