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Asia
Bitcoin Bounces Back Above $53K After Last Week’s Pullback
Bitcoin recovered about one-third of the recent decline from $64.8K to nearly $47K, but what’s behind the bounce? According to Kapil Rathi, CEO of CrossTower, the rise in price could be attributed to various factors, including increased retail investment, decreased leverage in the Asian markets, and signs that institutions bought the dip.
Chiliz's CHZ Holders Love the Nasty Elbows – And the 20-Fold Price Gains in 2021
It's not exactly the Rumble in the Jungle, but the fight between British featherweight fighter Brendan Loughnane and Brazil’s Sheymon Moraes could make cryptocurrency history.
Blockchain’s Green Efforts and Crypto Carbon-Nomics in Asia
Asia’s no slouch when it comes to environmentally friendly initiatives in its blockchain industries. These are the latest green crypto trends in this region, from institutions wanting carbon-neutral bitcoins to tokenizing carbon credits. In the DeFi space, Conflux launches a new platform that aims to bridge the gap between ecosystems in the East and the West. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
ASEAN+1 Pledge to Advance Blockchain; PayPal to Launch Wallet in China
Blockchain and fintech groups in five ASEAN countries and Australia sign memos to advance blockchain innovation together. The consortium hopes to engage regional regulators as blockchain draws more attention from institutions. PayPal announces plans to launch a new domestic wallet in China, with a focus on cross-border payments.
South Korea Kicks Off New Crackdown on Illicit Crypto Activities
South Korean authorities are now targeting all illicit crypto activities in the country during a special enforcement period from April to June. “The Hash” panel suggests why this might be a big turnaround for Korea in its position as a major global hub for cryptocurrencies.
Dogecoin Frenzy Spreads in Asia; Indian Exchange Logs 15x Traffic
The meme-fueled froth for Dogecoin spreads to Asia as it nips at the tail of XRP. Meanwhile, Asian exchanges record staggering surges in traffic and Doge trading volumes. Regulators follow the heated crypto space closely with South Korea announcing a “pan-governmental crackdown period” on illicit virtual asset use.
Conflux Launches Cross-Chain Bridge to Connect Asia's Largest Crypto Exchanges
Users on Ethereum, Binance Smart Chain, Huobi ECO Chain or OKEx Chain would be able to convert digital assets on one of these networks to an identical asset on a different chain.
China Calls Crypto an ‘Investment’; Crypto Demand Bounces Back in Asia
China gives the “alternative investment” label to crypto and hints at reserving a seat for digital assets in the country’s digital economy. Meanwhile, exchanges in Asia recover from crypto’s weekend price crash and see spikes in bitcoin long orders. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
IMF Wants More Crypto Supervision in the Philippines
Crypto exchanges in the Philippines are in the crosshairs of the International Monetary Fund. The IMF warns the country’s financial sector status could diminish if exchanges are left unchecked and potentially abused for financial crimes. That as China extends tests of its digital currency to its free trade zone, Hainan Province.
Asian DeFi Picks Up Steam; Hong Kong Scammers Use Crypto as Bait
The DeFi wave continues to rise in Asia: XRP dives deeper into DeFi with Wanchain integration while a top bank in Thailand ventures into the nascent ecosystem and more cases of online fraud are found in Hong Kong. The suspects are believed to have used false promises of crypto investments to lure their victims.