Overview
The consumer price index rose 0.6% in August, its biggest monthly gain in 2023. Gasoline prices, which had a 10.6% jump, were the primary culprit. Despite this seemingly ominous news, stocks, indexes, bitcoin, and other digital asset prices reacted positively in the immediate aftermath - bitcoin broke over $27,000 on September 18th. This somewhat surprising market reaction shows an expectation that the next Federal Open Market Commit...
Chainalysis is laying off approximately 150 employees, or slightly more than 15% of its staff of 900, CEO Michael Gronager told employees in an email Monday evening as the company broadens its retreat from the commercial market while concentrating on more stable government contracting.
This is the second round of cuts for the company, which was valued at $8.6 billion in 2022, this year as last year’s cryptocurrency decline limits commercial ...
Several reports about El Salvador's security policies, economic recovery, bond strength, and even tourism booming due to the influence of bitcoin and its community are part of the news about this Central American country. We had an exclusive interview with vice-president Felix Ulloa to understand this news better.
At the end of July, Bloomberg reported that despite being concerned about the country's adoption of bitcoin as legal tender in 20...
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...
