September 2023
Top 10 cryptos mixed, SEC again delays decision on Ark Invest ETF filing
Toncoin led losses among top 10 cryptos. Bitcoin dropped while Ether rose marginally.
Bitcoin, Ether fall with Toncoin leading losses in top 10 cryptos
Bitcoin fell below US$26,500 while Ether dipped below US$1,600 in the past 24 hours.
U.S. SEC denied immediate access to Binance.US software
A U.S. federal judge has denied the U.S. Securities and Exchange Commission immediate access to Binance.US’ software, in response to the regulator’s motion demanding more detailed information from Binance and greater availability of its executives for depositions.
Citigroup debuts digital token service for institutional clients
Citigroup announced Monday the launch of its new blockchain-based cross-border payments solution for institutional clients.
Most top 10 cryptos rise; Tron, Toncoin biggest gainers
Bitcoin rises past US$26,500. All other top 10 cryptos gain, except BNB.
Korea Blockchain Week: diverging crypto paths for the US and Asia
The annual Korea Blockchain Week conference in Seoul is running from Sept. 4 to 10. Crypto industry leaders and advocates from around the world have gathered in the South Korean capital to discuss all things blockchain, including the growing regulatory gap between the U.S. and Asia.
US regulation could stifle blockchain innovation, says former White House cybersecurity director
Blockchain innovation in the U.S. could suffer from over-regulation of the crypto industry, cybersecurity expert Carole house said.
Bitcoin flat below US$26,000 as rate hike woes cool down
Bitcoin edged up on Monday morning in Asia but remained below US$26,000. Ether also stayed range-bound at around US$1,650.
August 2023
Uniswap securities violation charges dismissed by US court
A U.S. district court on Wednesday dismissed charges against a group of five firms for alleged securities violations on the Uniswap DeFi platform.
All top 10 cryptos fall except Dogecoin, as boost from Grayscale ETF ruling fades
Bitcoin, Ether and most other top 10 cryptos dropped on Thursday after a Wednesday rally on news of Grayscale receiving a favorable ruling against the SEC.
Bitcoin, Ether gain; traders cautious as U.S. regulator goes after NFT firm
Bitcoin, Ether rose less than 1% in the past 24 hours while posting losses on the week. Polkadot led gains among top 10 cryptos.
Bitcoin dips below US$26,000, crypto faces downward pressure amid Fed’s rate hike signals
Bitcoin and other major cryptocurrencies face headwinds on the first trading day of the week in Asia following the U.S. central bank’s Jackson Hole Symposium remarks, while Tron bucks the trend with modest gains.
XRP erases gains from Ripple’s partial victory as Bitcoin falls 10% in a week
Macroeconomic factors hit investor sentiment while a U.S. judge’s consent to SEC over its ongoing tussle with Ripple Labs affects crypto prices.
Bitcoin steady at US$28,500; Dogecoin leads market decline in Asia
Global institutional intrigue in digital currencies grows but the cryptocurrency market shows no signs of rallying.
Bitcoin extends losses as BNB falls after Binance closes payment service
Bitcoin extends the day’s losses but keeps above US$29,000, while Binance’s BNB drops amid exchange’s payment service closure.
Bitcoin inches up; Dogecoin, Solana lead losses
Bitcoin rose slightly in the past 24 hours while Ether lost. Dogecoin and Solana were the day’s biggest losers, both dropping by over 1%, although both posted gains on the week.
FTX founder Sam Bankman-Fried jailed for witness interference
Sam Bankman-Fried, founder of the collapsed crypto exchange FTX, was jailed Friday and his bail revoked ahead of his trial for fraud scheduled for October 2.
U.S. senators reintroduce crypto anti-money laundering bill
Two U.S. senators have re-introduced the ‘‘Digital Asset Anti-Money Laundering Act of 2023’’ after months of delay, which puts greater emphasis on industry participants such as miners and validators. If the bill is passed, all crypto participants will be required to report transactions of over US$10,000.
Bitcoin, Ether extend gains; top 10 cryptos mixed
Litecoin lost the most in the past 24 hours, followed by XRP, while Tron led gains.
Binance could face fraud charge from US Department of Justice
Officials at the U.S. Department of Justice (DOJ) are considering fraud charges against Binance, according to news site Semafor.
Bitcoin, Ether extend losses; most other top 10 cryptos fall
Bitcoin fell in Tuesday afternoon trading in Asia, dipping below the support level of US$29,000.
July 2023
How Asia is emerging as a safe haven for digital assets: Opinion
As the US is engulfed in regulatory strife, Asian countries are rolling out legal frameworks that attract crypto investment, protect consumers and encourage innovation.
SEC accepts BlackRock’s Bitcoin ETF application for review
The U.S. SEC has accepted BlackRock’s application for a spot Bitcoin ETF, a major step for the potential launch of the country’s first spot Bitcoin ETF.
Bitcoin, Ether fall; all other top 10 cryptos mixed
Bitcoin prices fell below US$30,500 in the past 24 hours while its trading volume has gained over 20%. Ether also fell. Cardano and BNB were the day’s biggest losers.
Bitcoin inches up, holds above US$30,500; all other top 10 cryptos mixed
Bitcoin trade volumes dropped in the last 24 hours but the token is holding steady above US$30,500. Binance’s BNB token posted the biggest gain while most other top 10 cryptocurrencies traded mixed.
Bitcoin steady above US$30,000, all top 10 cryptos rise on market optimism
Bitcoin breached US$31,000 level in the past 24 hours after falling back to hold above US$30,000. Ether and all other top 10 cryptos gained.
Bitcoin dips but holds above US$30,000, all other top 10 cryptos drop
All top 10 cryptocurrencies, including Bitcoin and Ether, drop over the last 24 hours while investors brace for more interest rate hikes in the U.S.
June 2023
Bitcoin, Ether rise along with all other top 10 cryptos
Cyptocurrency investor sentiment continues to improve with Litecoin posting strong gains as its halving event in August gets closer.
Bitcoin gains with all top 10 crypto, Fidelity confirms Bitcoin ETF bid, U.S. economy rebounds
All top 10 cryptocurrencies rose, led by Solana, as another financial heavyweight applied to offer a Bitcoin exchange-traded fund and data showed the U.S. economy in good health. Stocks rose.
Bitcoin dips but holds above US$30,000, all top 10 cryptos drop
Despite a slight dip in crypto prices, positive investor sentiment persists, buoyed by the potential of Bitcoin ETFs, rising institutional adoption, and recovery from regulatory concerns.
Bitcoin, other top 10 cryptos rise; Fidelity said to plan spot Bitcoin ETF application in U.S.
Bitcoin rose along with other major cryptocurrencies. Fidelity reportedly plans a second spot Bitcoin ETF application in the U.S. following BlackRock’s move earlier this month. A strong day on Wall Street also offered support.
Ripple gets in-principle approval for Singapore digital payment license
The Asia-Pacific arm of San Francisco-based technology firm Ripple Labs saidThursday it received in-principle approval to start offering digital payment services in Singapore.
Hong Kong is the crypto industry’s beacon amid the current storm: Opinion
The relationship between Hong Kong and crypto will likely only grow stronger over time, as it’s based on mutual respect as well as need, writes Lily King.
Citadel, Fidelity, Schwab-backed crypto exchange launches amid U.S. crackdown
EDX Markets, a cryptocurrency exchange with backing from major Wall Street players such as Citadel Securities, Fidelity and Charles Schwab, officially launched on Tuesday.
How Dubai and Hong Kong are shifting crypto’s power dynamics: Opinion
As the US grapples with crypto regulation, Hong Kong and Dubai are emerging as leaders in the global digital economy, writes Ben Caselin of MaskEX.
Bitcoin remains above US$25,000; NFT sales down; Asian, European markets gain with U.S. futures mixed
Bitcoin, Ether and most top 10 non-stablecoin cryptos rose in Friday afternoon trading in Asia after weeklong slump.
Bitcoin below US$25,000; all top 10 cryptos fall
Bitcoin and Ether extended losses in Thursday afternoon trade in Asia amid U.S. regulator’s clampdown on top crypto exchanges.
Bitcoin, Ether extend losses; XRP drops most among top 10 cryptos
Bitcoin and Ether continued to slide amid lawsuits against top crypto exchanges in the U.S.
XRP reverses gains after document release in SEC lawsuit vs Ripple
Prices of XRP, which powers some of Ripple Labs’ payment services, reversed gains that followed the release of internal SEC documents related to the lawsuit against Ripple.
How American courts have become central to crypto law
To date, none of the 30-plus crypto bills in Congress have become law, so judges are stepping up to fill the void. What does this mean for crypto in America?
Bitcoin rises above US$26,000; all other top 10 cryptos gain as U.S. regulatory battle rumbles on
All top 10 cryptos, including Binance’s BNB, gained on Tuesday afternoon trade in Asia for the first time this week amid ongoing lawsuits with the U.S. SEC.
Binance.US says SEC’s motion to freeze exchange’s assets may end its operations
The operations of cryptocurrency trading platform Binance.US, “would quickly grind to a halt” if a court rules in favor of an SEC request last week to freeze the firm’s assets, the company said Monday in a court filing.
The SEC has spoken: The future of finance is not in America
The SEC’s one-two punch of Coinbase and Binance couldn’t have come at a better time for Hong Kong and Singapore, as US crypto firms look to shift to friendlier shores, writes Hamilton Keats of Krayon Digital.
Bitcoin stays below US$26,000 in mixed market, Binance’s BNB biggest loser in 24 hours
BNB token of crypto exchange Binance dropped 5.5% in 24 hours amid lawsuits against the exchange by the U.S. SEC.
Bitcoin NFTs raise unique legal issues. Here’s what you need to know
Bitcoin Ordinals are also called NFTs, but intellectual property laws may not treat them the same as Ethereum- and Solana-minted NFTs, writes Cameron Pick.
Binance.US suspends U.S. dollar deposits, to pause fiat withdrawal channels
Binance.US, a cryptocurrency trading platform set up by Binance chief Changpeng Zhao to serve U.S. clients, said on Friday that it has suspended U.S. dollar deposits to protect customers amid intensifying regulatory pressure.
The grand experiment in crypto compliance: What will the future look like?
From US crackdowns on Binance and Coinbase to new business-friendlier frameworks in Hong Kong and Europe, seismic shifts in crypto regulations are under way.
SEC Chair Gary Gensler offered to advise Binance in 2019: CNBC
The U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler allegedly offered to serve as an advisor to Binance, the world’s largest cryptocurrency exchange, in 2019, according to a CNBC report on Wednesday that cited documents filed by the regulator.
Binance moved billions of dollars in client funds to accounts of company officials, SEC says in new filing
The U.S. Securities and Exchange Commission (SEC) has submitted a new court filing to support its lawsuit against the world’s largest cryptocurrency exchange, Binance.
Why the US is waging war on Binance, Coinbase
Top blockchain and crypto news: Binance, Coinbase in SEC firing line. Solana NFTs slump as Bitcoin’s surge. New dawn in Hong Kong crypto regulations.
U.S. court orders SEC to respond to Coinbase’s rulemaking petition
The U.S. Securities and Exchange Commission (SEC) has been ordered on Tuesday by the United States Court of Appeals for the Third Circuit to respond to cryptocurrency exchange Coinbase’s pending petition for rulemaking within seven days.
SEC sues Coinbase for violating securities rules a day after Binance lawsuit
The U.S. SEC sued Coinbase, the largest cryptocurrency exchange in the U.S., for allegedly breaching securities rules, less than 24 hours after the regulator sued Binance on similar charges.
Bitcoin, Ether skid; BNB drops more than 10% after U.S. securities regulator sues Binance
All top 10 non-stablecoin cryptocurrencies took a sharp fall Tuesday morning in Asia, after the SEC sued Binance over alleged securities violations.
What’s next for crypto miners after US debt ceiling deal?
Top blockchain and crypto news: Miners dodge tax bullet. Blur, Binance heat up NFT lending. Chinese cities’ plans reveal nationwide Web3 ambition.
May 2023
U.S. congressman says crypto mining tax scrapped in debt ceiling deal
A proposed tax on electricity used by cryptocurrency miners in the U.S. has been scrapped in the deal to raise the country’s debt ceiling, according to Republican congressman Warren Davidson.
Hong Kong Web3 industry forms new associations to push crypto hub ambition
Leaders in Hong Kong’s Web3 industry announced the formation of two new associations, Hong Kong Licensed Virtual Assets Association (HKLVAA) and Web3 Harbour, on Monday.
Bitcoin drops below US$28,000, Tron’s deflation slows losses
Bitcoin couldn’t maintain its Monday morning gains as the world’s largest cryptocurrency dropped below US$28,000 in the afternoon.
In battle to be Asia’s crypto hub, which city will emerge victorious?
Top blockchain and crypto news: Asia’s crypto hub race. Is US debt ceiling fight a boon or a bane for crypto? China’s red carpet for metaverse investment.
Bitcoin drops below US$27,000, Dogecoin biggest loser
Bitcoin dropped 2.33% to US$26,671. Ether lost 2.15% but traded above US$1,800.
Hong Kong? Singapore? Tokyo? Seoul? Dubai? The race is on for the Web3 hub of Asia | Part 2
While U.S. regulators continue debating over whether cryptocurrencies are securities or commodities, the digital assets industry is being pleasantly welcomed by several Asian cities. And the competition is really hotting up now.
Big buys fail to lift NFT markets as regulatory uncertainty weighs heavy on crypto
Investors remain cautious as U.S. debt talks continue despite slowing inflation and large NFT purchases.
Crypto and NFT Market Updates – May 18th
Welcome to The Daily Forkast, May 18, 2023, presented by Megha Chaddah for the latest in the crypto markets. The US debt ceiling could be raised after hopes of reaching an agreement to avoid a default triggered gains across the board. As the Asian equities markets trade green by noon Hong Kong time, the crypto […]
XRP lawsuit: Judge denies SEC motion to seal documents in win for Ripple
A U.S. federal judge has denied a motion by the SEC to seal internal documents related to a speech given by the SEC’s former director on whether cryptocurrencies are securities.
Bitcoin, Ether fall, Solana leads declines; U.S. stock futures trade flat; Asian equities mixed
Bitcoin fell 0.58% while Ether dropped 0.36%. Solana was the biggest loser of the day, dropping 1.67%.
SEC in no rush to respond to Coinbase calls for regulatory clarity
As part of the ongoing legal dispute between the two, the U.S. Securities and Exchange Commission said it would not be hurried into a response to Coinbase demands.
Bitcoin, Ether gains; Litecoin continues bull run; optimism a solution to US debt crisis can be reached
Bitcoin prices rose along with Ether, while Litecoin continues to lead gainers among other top 10 non-stablecoin cryptocurrencies.
Bitcoin, Ether push higher, Litecoin biggest gainer in top 10 cryptos; U.S. stock futures, Asian equities gain
Bitcoin rose 2.07% to US$27,409 in 24 hours while Ether gained 1.27% to US$1,829. Litecoin was the biggest gainer of the day, rising 7.65%.
Binance.US may reduce founder Changpeng Zhao’s ownership stake: The Information
Binance.US is reportedly exploring ways to cut founder Changpeng Zhao’s ownership stake in the company, The Information reported on Thursday, citing two sources familiar with the matter.
Bitcoin network buckles under weight of BRC-20’s runaway success
Top blockchain and crypto news: Memecoin fever strains BTC network. Binance slams brakes on Bitcoin withdrawals. Chinese court allows crypto for repaying debt.
Bitcoin, Ether prices fall; Asian equities, U.S. stock futures drop ahead of key inflation data
Bitcoin lost 0.43% while Ether dipped 0.60% in 24 hours. Polygon’s Matic token was the biggest loser and dropped 2.16%.
Bitcoin, Ether fall; Polygon, Solana lead losers; Asian equities, U.S. stock futures drop
Bitcoin dropped 1.25% and Ether fell 0.25% in Tuesday afternoon trade in Asia. All other top 10 non-stablecoin cryptocurrencies also dropped.
Bittrex’s U.S. crypto exchange unit files for bankruptcy following closure, SEC lawsuit
U.S. crypto exchange Bittrex Inc. has filed for bankruptcy just days after closing operations following an SEC lawsuit and citing unclear crypto laws.