In crypto market, altcoins get a chance to shine
AVAX and SHIB outperform Bitcoin, which gained in price but shied from the $50K mark.
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China’s Inner Mongolia seeks out stealth crypto mining operations
China’s Inner Mongolia region — once a thriving cryptocurrency mining hub that has enacted a series of measures to rein in the sector — is tightening its crackdown by hiring a contractor to monitor and ferret out mining operations. Fast facts The Inner Mongolia Development and Reform Commission announced on Wednesday a bidding result for…
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El Salvador’s Bitcoin adoption, one week on
It’s hot on Bitcoin Beach and the Twitterverse, but the new legal tender doesn’t have uptake elsewhere in the Central American country.
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Crypto exchange Binance wants centralized headquarters amid regulatory heat
Under scrutiny around the world, the largest cryptocurrency exchange wants to do a better job engaging with regulators.
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Avalanche’s AVAX token surges to all-time high after $230M fundraise
AVAX — the native token of the Avalanche blockchain — today surged to a new all-time high of US$68.34, according to CoinGecko data, boosted by news of a US$230 million investment into the Avalanche ecosystem. AVAX has increased by 60% over the past seven days. Fast facts Launched in September 2020, Avalanche is an open,…
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Institutional DeFi poised to become a $1 trillion industry, Blockdata says
Blockchain research firm sees explosive growth in smart contract-based products that can replace existing financial services.
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Hong Kong-based crypto lender Babel Finance expands to Singapore
Babel Finance, a Hong Kong-based crypto lender and asset manager, today announced it is opening a business headquarters in Singapore named Babel Asia, as the company looks to serve more clients globally. Fast facts Babel Asia plans to serve as a base for future merger and acquisition activities, together with Babel Finance to drive mainstream…
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Canaan sees strongest ever quarterly sales results
Leading Chinese crypto mining hardware manufacturer attributes robust revenue to ‘substantial increase in total computing power sold.’
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NFT charity auction to benefit low-income families in Singapore
Blockchain Association Singapore (BAS) and Singapore’s National Trades Union Congress (NTUC) U Care Fund today announced their inaugural non-fungible token (NFT) charity auction event, Blockchain For Good, which will take place Oct. 4 to 10. Fast facts The charity initiative — supported by a wide range of companies including Singapore Airlines, Amazon Web Services Inc.,…
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South Korea’s finance minister stands by 20% crypto income tax plan
South Korea’s finance minister Hong Nam-ki gave a firm “no” at the National Assembly to lawmakers asking for crypto taxation to be delayed until the industry is fully prepared. Fast facts Minister Hong insisted the plan to tax capital gains from cryptocurrency transactions should be executed as planned. The amended tax law stipulates that crypto…