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Bitcoin News
News of officials planning to shrink the Fed’s balance sheet by US$95 billion a month weighed on risk assets globally including Bitcoin which dropped about 5% Thursday early morning Asia time. See related article: Bitcoin, crypto market on the rise along with global markets Fast facts Bitcoin fell as much as 4.7% on sell off […]
Pradipta Mukherjee
Altcoins
Bored Ape Yacht Club creator Yuga Labs announced on Wednesday Asia time that it has raised US$450 million in a funding round, bringing the Web 3.0 company to a total valuation of US$4 billion. See related article: The future is decentralized: How Web3 can reshape the world Fast facts The funding round was led by […]
Pradipta Mukherjee
Regulation
MaiCoin, Taiwan’s largest cryptocurrency exchange, is considering a Nasdaq listing within two years, Bloomberg reported on Friday. See related article: Taiwan has a chance to develop crypto amid China’s clampdown, Filecoin Foundation director says Fast facts MaiCoin is also completing its Series C funding round which would value the company at US$400 million. MaiCoin expects […]
Timmy Shen
Bitcoin News
Bitcoin, the largest cryptocurrency by market capitalization, crossed the US$40,000-mark on Wednesday morning Asia time after a sudden surge before returning to its pre-surge price in less than two hours. See related article: Bitcoin leads market-wide downturn as Russia fears rise Fast facts Bitcoin’s price has remained steady for the past five days, and its […]
Pradipta Mukherjee
Regulation
Russia’s Ministry of Economic Development proposed to greenlight crypto mining in regions with steady electricity surplus, local media reported on Tuesday, days before Friday’s expected crypto regulation draft. Fast facts The ministry also suggested introducing taxes for realized profits on liquidated cryptocurrencies earned through mining. Last week, Russia’s central government agencies reached an agreement to […]
Timmy Shen
Regulation
Russia’s central government agencies reached an agreement to regulate cryptocurrencies by mandating licenses for exchanges and taxing large transactions on Tuesday, shelving concerns of a blanket ban proposed by the central bank last month. Fast facts Russian business newspaper Kommersant reported the government and the Bank of Russia are preparing a draft law by Feb. […]
Timmy Shen
Advanced Blockchain Technologies
Philippines-based Asian Development Bank (ADB) has launched a blockchain project to make cross-border securities transactions in Asia-Pacific more efficient. Fast facts The regional development bank of 68 member countries is aiming to use blockchain to directly connect central banks and securities depositories in the Association of Southeast Asian Nations region plus Japan, China and South […]
Monika Ghosh
NFT Marketplaces
K-pop fans are waging online campaigns against their favorite artists over NFTs, denouncing the technology’s carbon footprint. How polluting are NFTs?
Timmy Shen
NFT Marketplaces
Global NFT sales are exploding in 2022, but experts predict this is only the beginning of a bigger surge in Asia.
Lachlan Keller
Regulation
Russia needs new laws for a comprehensive ban on crypto and crypto-related activities within its borders, the Bank of Russia stated in a report published Thursday. Fast facts The recommendation is the latest in a global cryptocurrency crackdown from China and other Asian nations to the United States, as governments fear instability and loss of […]
Jeanhee Kim
