Welcome to the weekly Crypto Market Insights that touch on the latest news on digital assets developments and policy updates from across the Asia Pacific region.
Here are key events from last week:
Taiwan’s regulator outlines new key measures for crypto firms
Personal income tax will now include foreign crypto trading in Thailand
Tokenization of authorized investment products now a possibility in Hong Kong
Taiwan’s regulator outline...
Cryptocurrency markets experienced a sudden surge in bitcoin prices following a now-debunked report on a bitcoin ETF approval by the U.S. Securities and Exchange Commission. The erroneous report initially propelled bitcoin's value to the $30K mark. However, the momentum was short-lived as the digital currency's price soon plummeted to around $28K, stirring volatility within the market.
The now-deleted X post prompting this reaction came from...
I’ve been a fan of Taylor Swift for a few years now, but some of the savvy business moves she’s made in more recent times have caught my attention more than her music. You might remember that she was voraciously opposed to her old record label selling the recordings of her first six albums to a private equity firm. So, when she switched labels, she negotiated to own the master rights of all music going forward. Then, she went and re-recorded a...
The cryptocurrency market gained about $60 billion on Wednesday in New York as the price of bitcoin surpassed $30,000 for the first time in two months, following a slew of announcements that institutional players–including BlackRock, Invesco
IVZ
and Wisdom Tree–are seeking permission to offer exchange-traded funds based on the original digital asset.
“This vote of confidence has given some traders and investors the conviction that has be...
Bitcoin
BTC
, ethereum, XRP
XRP
and other major cryptocurrencies have been reinvigorated this year (with a game-changing China earthquake on the horizon).
Subscribe now to Forbes' CryptoAsset & Blockchain Advisor and successfully navigate the bitcoin and crypto market rollercoaster
The bitcoin price has almost doubled since the beginning of 2023, triggering a flurry of huge bitcoin price predictions that could be about to blow up ...
Roman Storm and Roman Semenov, who co-founded Tornado Cash, have been charged by the U.S. for their involvement in creating and developing this blockchain privacy tool.
The co-founders are facing counts of conspiracy to commit money laundering, conspiracy to violate sanctions, and conspiracy to operate an unlicensed money transmitting business, according to the Department of Justice indictment, unsealed on August 23, 2023. The two first char...
On September 7 I had the opportunity to attend the 7th annual Philly Fintech Summit hosted by the Federal Reserve of Philadelphia. The event featured a terrific lineup of speakers, including many crypto luminaries that I’ve covered and interviewed for this newsletter in recent years such as former OCC Comptroller Brian Brooks, former CFTC Chair Christopher Giancarlo, Circle Chief Strategy Officer Dante Disparte, Coinbase Chief Legal Officer Pa...
In one corner of the internet, self-proclaimed ‘degen’ cryptocurrency traders propel meme-based tokens like dogecoin
DOGE
to eye-watering valuations in the billions — nearly $9 billion in the case of doge.
For comparison, the United Nations is struggling to fund its plan to solve world hunger, which would require an estimated $6.6 billion — 27% less than dogecoin's current market capitalization. Imagine a world where, instead of dogeco...
Rep. Patrick McHenry, a known advocate for bitcoin, has assumed a temporary leadership role in the U.S. House of Representatives, providing a possible boost for pending legislation around bitcoin regulations. According to Reuters, McHenry takes the reins following the historic ouster of Speaker Kevin McCarthy, the first time a Speaker has ever been removed.
The House Republicans are searching for a permanent replacement for McCarthy, during...
