Places Asia

It purchased another $17 million in Bitcoin and became the first public company to put Ethereum on its treasury books. Buying Bitcoin…and Ethereum You may have not heard of Meitu yet, but the Chinese photo app is making quite the ripples on the online Ethereum community. The Chinese photo editing app is listed on the Hong […]

The nation is leading in the development of a state-backed digital currency and banks are joining that cause. China’s private banks step up Some Chinese private banks are joining in on the nation’s rollout of its upcoming digital currency, as per local reports. Officially the “Digital Currency, Electronic Payment” (DCEP), the so-termed digital yuan is […]

After less than a year of Indian cryptocurrency users enjoying unfettered access to the cryptocurrency markets, it now looks likely that the authorities will intervene once again. The Indian government is set to push through the Cryptocurrency and Regulation of Official Digital Currency Bill 2021 in the latest budget session of Parliament. Although the Bill’s […]

Hong Kong’s crypto users could shift to “unregulated” and riskier venues to trade their digital assets should the government move forward with tighter controls on the rising sector, a group of crypto exchange owners said over the weekend. The way out of regulation The statements came months after Hong Kong’s Financial Services and the Treasury […]

Twitter boss Jack Dorsey and rapper Shawn Carter, also known as Jay-Z, are funding a Bitcoin trust. Both will pool together 500 BTC, approximately $24 million, to make this happen. ₿trust will operate as a blind irrevocable trust and will focus on Bitcoin development initially in Africa and India. Dorsey has opened applications for three […]

One of the only state-recognized blockchain networks in China will now officially work with a major Ethereum development lab. Ethereum for the Chinese public Ethereum venture fund and development lab ConsenSys announced Monday it would officially work with China’s Blockchain Service Network (BSN), as per a release. The partnership would see further development of the […]

Bitcoin has undergone an extremely strong rally over recent months, despite the ongoing drop. The cryptocurrency, which trades for $36,000, is up around 100 percent in the past six weeks, and even more over the past six months. Other cryptocurrencies aside from BTC have also done well. But what is behind the ongoing bull market? […]

Finally, the world’s eyes are on Bitcoin. Over the past 36 hours, the leading cryptocurrency has enjoyed a jaw-dropping rally that has brought it from $19,000 to as high as $23,800 on leading spot and futures exchanges. Bitcoin is primed to move even higher, analysts say, as there exist no technical resistance levels above the […]

IOHK, the company behind Cardano, has entered into a partnership with Nervos, a multi-asset blockchain network based in China. The two have jointly launched a research initiative around UTXO ledgers and smart contracts that’s set to create a secure and scalable alternative to Ethereum’s account model. IOHK and Nervos announce an unlikely PoW/PoS partnership Nervos, […]

A cold war is brewing in the financial world. America is losing its dominant position to countries exploring alternative currencies. Both CBDCs and the Euro are poised to make their mark on the industry. From Innocent Beginnings… Everyone looks at the world’s leading economy for guidance, yet the United States may lose that situation in […]

China has been a long time critic of Bitcoin despite its unwavering support for digital finance and payments. It even started the grassroots development for its own digital currency—to prevent the proliferation of Bitcoin—back in 2015 that is close to an official launch. But observers say the digital Yuan, officially the Digital Currency Electronic Payment […]

According to a report from CoinDesk, the Chinese government has seized $4.2 billion worth of cryptocurrencies. Among them is 194,775 BTC, worth $3.2 billion. Albeit the size of the Bitcoin seizure is large, an argument can be made that it is not a big deal. Two reasons why the Bitcoin seizure was expected and could […]

Masayoshi Son’s not having the greatest of years in recent times. His storied $50 billion venture fund saw massive losses in 2019, with budding startups WeWork and Uber seeing devaluations of billions of dollars on their mark up prices. But Son’s personal investments didn’t do so well either. As per a new report by Business […]

Bitcoin has been on a tear over the past month, rallying from the low-$11,000s to highs around 36 hours ago at $18,500. This move has been marked by an uptick in mentions of the cryptocurrency by media, along with prominent investors and celebrities. Chinese media, despite the Chinese government’s aversion to cryptocurrencies (at least decentralized […]

Nervos, one of China’s biggest blockchain and crypto projects, announced the launch of its own token standard, the sUDT, today as per a release shared with CryptoSlate. Since its launch last year, Nervos has made significant improvements to its infrastructure to support a wide range of DeFi applications, from payments and lending solutions to decentralized […]

China Construction Bank (CCB), one of the country’s “big four” financial players, is planning to raise up to $3 billion from a sale of bonds that individuals and institutions can trade in and out of using Bitcoin and the US dollar, financial publication WSJ reported Wednesday. SCMP reports China Construction Bank will sell US$3 billion […]

Changing policies and financial regulations in Hong Kong have now targeted the burgeoning crypto space.  As per a statement by the city’s securities watchdog on Tuesday, Hong Kong will now require all cryptocurrency trading platforms to be regulated whether or not they trade securities. Unregulated crypto exchanges may commit an “offense” As per Reuters that […]

US-based Fidelity Investments, a trillion-dollar fund manager with a deep interest in the cryptocurrency market, is targeting rich Asian investors by way of a new partnership with a fund in Singapore, financial publication Bloomberg reported Thursday. Asian family offices are FOMOing into crypto Stack, the Singapore fund that provides access to crypto products and similar […]