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:
BIS announced Projects Mariana and Mandala with Asian central banks
UBS launched its first tokenized VCC fund pilot in Singapore
HKEX builds a smart contract based settlement platform on Stock Connect
BIS announced Projects Mariana and Ma...
Welcome to the weekly Asia Crypto Insights that touch on the latest news on digital assets developments and policy updates from across the Asia Pacific region. Click here for the weekly 2-min podcast.
Here are key events from last week:
Bhutan introduces National Digital Identity on blockchain
South Korea establishes new regulation and SK Telecom launches crypto wallet
Australia Treasury released proposal to regulate digital asset platf...
Bitcoin
BTC
distinguishes itself from conventional, central bank regulated currencies by operating on a fixed supply. Specifically, only 21 million bitcoins will ever exist, with just under 2 million yet to be mined. This scarcity is managed through a mechanism known as "halving," designed to curb inflation and increase the asset's value over time.
Every four years, bitcoin's mining rewards are slashed in half, a feature embedded in it...
Despite assertions by Securities and Exchange Commission Chair Gary Gensler that when it comes to crypto regulation, the existing rules are adequate and sufficient, a new report by the U.S. Government Accountability Office outlines significant gaps, raises concerns regarding consumer and investor protections, and calls for legislative and regulatory action.
This news raised eyebrows across the financial services spectrum because it is not j...
A Texas judge decided in favour of the sanctions of the Office of Foreign Assets Control against the blockchain privacy tool Tornado Cash. As a result of the sanctions, using this tool has become illegal for US persons and practically impossible for others.
The Coinbase-backed case claimed that the Treasury exceeded its statutory authority by overstepping the requirements of the International Emergency Economic Powers Act, a law used by OFAC...
Bitcoin
BTC
and crypto could be heading into its biggest ever couple of months, with one well-respected investigator predicting September is going to be "crazy."
Subscribe now to Forbes' CryptoAsset & Blockchain Advisor and successfully navigate the bitcoin and crypto market rollercoaster
The bitcoin price has swung wildly—dragging etheruem and other major cryptocurrencies including XRP
XRP
, BNB
BNB
, cardano, dogecoin, solana...
Merchants could soon be paying an extra $502 million annually in payment processing costs according to a recent article by The Wall Street Journal. The reporting predicts that merchants will pass along at least some of those costs to consumers, an unfortunate development in the face of rising inflation.
The WSJ article also mentioned that more small businesses are beginning to offer discounts to shoppers who pay by debit card, cash, or check...
The U.S. Securities and Exchange Commission has postponed several decisions on spot bitcoin Exchange-Traded Fund applications in a move catching financial markets off guard. Among the high-profile candidates impacted are BlackRock
BLK
, Invesco
IVZ
, Bitwise, and Valkyrie.
Contrary to market expectations, the SEC's latest delays occurred two weeks earlier than the scheduled October 16 to 19 deadlines. The regulator’s decision appears t...
The unfolding situation with the bitcoin spot ETF has reached a critical point, with open letters from Congress ramping up pressure on the SEC and recent developments from BlackRock
BLK
indicating positive news is on the horizon.
Bloomberg's Senior ETF Analyst, Eric Balchunas, has gone on record stating, "The fact that SEC is actively engaging with spot bitcoin issuers on their current applications — which hasn’t ever happened before — w...
Bitcoin
BTC
and other major cryptocurrencies including ethereum and XRP
XRP
have suddenly rocketed as BlackRock and JPMorgan quietly lay the groundwork for the next bitcoin price bull run.
Subscribe now to Forbes' CryptoAsset & Blockchain Advisor and successfully navigate the bitcoin and crypto market rollercoaster ahead of next year's historical bitcoin halving!
The bitcoin price has rocketed over $30,000 per bitcoin, adding 10%...
