Bitcoin fell back below US$20,000 after moving above that resistance line on Tuesday, while Ether also lost ground in early morning trading in Asia on Wednesday amid signs broader macroeconomic concerns are keeping a lid on cryptocurrency markets. See related article: Markets: Bitcoin holds gains; Ether, Avalanche surge; Solana jumps Fast facts Bitcoin fell 2.5%…
Indonesia’s biggest tech firm GoTo Gojek Tokopedia (GOTO) has forayed into the cryptocurrency market with the purchase of local crypto exchange Kripto Maksima Koin for US$8.38 million. See related article: Indonesia’s wholesale CBDC to be ready for bank use by year end: report Fast facts GoTo has acquired 100% of Kripto Maksima Koin shares for…
Singapore-based crypto lender Hodlnaut has been placed under Interim Judicial Management (IJM), a form of creditor protection, and will now be managed and controlled by interim judicial managers appointed by court order. See related article: Singapore’s central bank says cryptocurrencies have ‘no fundamental value’ Fast facts Hodlnaut said its legal representatives attended the IJM hearing…
Binance Australia is tightening its sign-up process for new users, as part of renewed efforts to protect users considered most vulnerable to scams and cyber attacks, according to a report by Binance Australia. See related article: Binance to suspend ETH deposits, withdrawals during “The Merge” Fast facts According to the report, the company’s research and…
Despite the Indian government’s hostility towards cryptocurrencies, the CoinDCX exchange says more traditional financial products will shift to DeFi platforms.
CME Group — the world’s largest operator of financial derivatives markets, including the Chicago Mercantile Exchange — has launched euro-denominated futures on Bitcoin and Ether. See related article: New US crypto bill seeks to make CFTC top Bitcoin, Ethereum watchdog Fast facts See related article: Here comes the crypto derivatives boom
The ongoing battle between the U.S. Securities and Exchange Commission and Ripple Labs over the latter’s token XRP is playing out not just in a courtroom but in media channels as well. See related article: SEC files no objection to Ripple request to seal non-party identities in XRP lawsuit Fast facts Stu Alderoty, general counsel…
Dunamu, the owner of South Korea’s leading cryptocurrency exchange Upbit, reported an operating profit of 566.1 billion Korean won (about US$419 million) for the first half of this year, a 70% decrease compared to the same period last year. See related article: Dunamu denies making US$100 million off of LUNA Fast facts Dunamu’s consolidated operating…
Sam Bankman-Fried, CEO of crypto exchange FTX, denied on Tuesday that he has a plan to buy out another crypto exchange, Huobi, after a rumor circulating on Chinese social media said that FTX has acquired the exchange. See related article: FTX CEO: This is the canary in China’s crypto ban coal mine Fast facts “No,…
Crypto investors were blindsided when firms like Voyager suddenly froze their accounts. How can we improve digital asset protection in the future?