Traditional banking, or “TradFi” in the cryptocurrency world’s vocabulary, is poised to take a bigger position in the cryptocurrency investing and trading infrastructure. For starters, the biggest funds will mostly come from traditional finance, even if some startups blazed the pathway, like Grayscale. They’ll either be bought out like BlackRock’s
BLK
purchase of Barclays’ iShares ETFs, or eventually dwarfed by a collection of newer crypto...
In the face of escalating energy expenses and mounting ecological concerns, the bitcoin mining sector is embracing a wave of innovation. This evolution is not just about survival; it's about pioneering a path to a sustainable and profitable future. Beyond endurance in a challenging market, today's bitcoin miners are flourishing. They're harnessing the power of state-of-the-art cooling solutions and innovative operational tactics to ensure pr...
Donald Trump holds $250,000 to $500,000 of assets in a cryptocurrency wallet, according to a financial disclosure released last month.
The asset, listed on Trump’s disclosure as “cryptocurrency wallet (Ethereum),” appears to be connected to a collection of non-fungible tokens, or NFTs, that he marketed after leaving the White House.
In December 2022, Trump announced that he was releasing a “limited edition collection” of 44,000 NFTs represe...
Friend.tech, the crypto industry’s trendiest new ‘marketplace for friends,’ has taken off on Coinbase’s
COIN
layer two Base protocol, surpassing over $35 million in purchased ‘shares’ just a little more than a week after launching earlier in August. Now it decided to rename its highlight feature ‘shares’ to ‘keys’ as users poke fun at the platform for allegedly offering unregistered securities. Even Coinbase CEO Brian Armstrong has acknowl...
Cryptocurrencies have yet to prove themselves anywhere near as useful as proponents claim and can be dangerous to the world’s financial system, but their use should be controlled rather than banned, global financial regulators said in a new report.
At the request of India, which holds the presidency of the Group of 20 leading industrial and developing economies, previous recommendations from two major financial agencies and other standard-se...
In 2021, 10% of early-stage startups worldwide were focused on blockchain. This deep-tech sector, encompassing such technologies, emerged as the fastest-growing segment within the early-stage company ecosystem, according to The Global Startup Ecosystem Report 2021. This annual survey is conducted by the policy advisory and research organization, Startup Genome.
Boys Club is no exception. Founded in the fall of that year, what began as a dinn...
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...
