The national regulators propose to distinguish four major types of products related to the crypto industry.
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Core Scientific to hand over 27K rigs to pay $38M debt
The bankrupt crypto mining firm believes that the long-term benefits outweigh the immediate loss of handing over the machines.
Binance re-enters South Korea with GOPAX exchange
With new capital, Binance plans to enable customer withdrawals and interest payments for Gopax’s yield product GoFi.
Why did Bitcoin price go down today? BTC traders brace for $23K retest
Bitcoin price gains take a hit from a rising U.S. dollar as excitement over the Fed's rate hike and market commentary fades.
Why did Bitcoin price go down today? BTC traders brace for $23K retest
Bitcoin (BTC) headed toward $23,000 on Feb. 3 after a night of losses erased bulls’ latest progress.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewDollar rebound halts crypto party
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting lows of $23,329 on Bitstamp.
The pair had come off a second trip above the $24,000 mark at the Feb. 2 Wall Street open, with buyers failing to sustain momentum amid macro market volatility.
In classic style for interest rate announcements by the United States Federal Reserve, an initial move was soon countered, with Bitcoin returning to its prior position.
U.S. dollar index (DXY) 1-hour candle chart. Source: TradingViewConditions worsened thanks to a rebound in U.S. dollar strength, with the U.S. dollar index (DXY) putting in a conspicuous bounce, which it began to consolidate on the day.
Ray Dalio says Bitcoin is not the answer, the community responds
The billionaire has historically gone back and forth between having positive and negative sentiments around Bitcoin.
Marathon’s first Bitcoin sale in 2 years not the result of distress
The sale is the first time Marathon Digital has sold its mined Bitcoin since October 2020, but a spokesperson said it wasn't as a result of distress.
Australia bolsters crypto watchdogs in ''multi-stage' plan to fight scams
The new measures from the Australian government come as cryptocurrency scams skyrocketed 162% to $221 million in 2022.
Australia bolsters crypto watchdogs in ''multi-stage' plan to fight scams
The new measures from the Australian government come as cryptocurrency scams skyrocketed 162% to $221 million in 2022.
Logan Paul and CryptoZoo sued in class action lawsuit
The plaintiff, known as Don Holland, has filed a lawsuit against CryptoZoo and Logan Paul, alleging his "fraudulent venture" executed a "rug pull."
Silvergate faces DOJ investigation over FTX and Alameda dealings: Report
The crypto bank hasn't been accused of wrong doing, but prosecutors want to see how deep the dealings between the crypto bank and FTX went.
OpenSea serves as an example of why crypto security must improve
For cryptocurrency to achieve mass adoption, breaches that can be easily prevented — like the phishing attack that resulted in OpenSea losing $1.7 million — need to end.
Indonesia targets launch of its national crypto exchange by June
Indonesia's financial services regulator first expressed its intentions to establish a crypto exchange back in 2021.
MicroStrategy says no plans to stop trading BTC as paper loss hits $1.3B
The company also booked a loss of $34 million on its first-ever Bitcoin sale last quarter but said it was conducted to harvest a tax loss.
Fiat is in 'jeopardy' but Bitcoin, stablecoins aren't the answer either: Ray Dalio
The hedge fund manager instead wants to see an “inflation-linked coin” be brought to the masses which would serve to ensure consumers secure their buying power.
Fiat is in 'jeopardy' but Bitcoin, stablecoins aren't the answer either: Ray Dalio
The hedge fund manager instead wants to see an “inflation-linked coin” be brought to the masses which would serve to ensure consumers secure their buying power.
Huawei NFTs, Toyota’s hackathon, North Korea vs. Blockchain: Asia Express
Our weekly roundup of news from East Asia curates the industry’s most important developments.
Huawei moves to trademark its NFTs
According to a Jan. 28 report by Sina News, Chinese telecom giant Huawei has recently filed for eight trademarks related to its Huawei “YunYunBao” nonfungible tokens (NFT) series. The trademarks include digital collectibles in the scientific instruments, furniture, education, jewelry, advertising and telecom sectors. Last April, Huawei unveiled its YunYunBao NFTs, featuring characters inspired by its namesake cloud service. Huawei NFTs are minted on its proprietary Huawei Petal Chain, which the telecom giant says has over 1,000 nodes and can handle over 50,000 transactions per second.
A Huawei cloud NFT. Source: HuaweiToyota sponsors blockchain hackathon
In a Feb. 1 Medium post, Sota Watanabe, the founder of Japanese blockchain Astar Network, announced that Astar had received a sponsorship from Japanese automobile manufacturer Toyota for its latest Web3 hackathon. Astar is currently a parachain built on the Polkadot blockchain.
According to Watanabe, over $100,000 in prizes will be distributed to projects that develop “intra-company DAO [Decentralized Autonomous Organization] support tools for this hackathon which Toyota employees may actually use in the future.” The hackathon will run from Feb. 14 to March 25.
The Toyota hackathon prize structure. Source: Hakuhodo“Needless to say, Toyota is the largest company in Japan and one of the world’s leading international companies,” Watanabe wrote. “We are very excited to be hosting the Web3 Hackathon on Astar with Toyota. During the event, we aim to develop the first PoC DAO tool for Toyota’s employees. If a good tool is produced, Toyota employees will interact daily with products on Astar Network.”
Huawei NFTs, Toyota’s hackathon, North Korea vs. Blockchain: Asia Express
Our weekly roundup of news from East Asia curates the industry’s most important developments. Huawei moves to trademark its NFTs According to a Jan. 28 report by Sina News, Chinese telecom giant Huawei has recently filed for eight trademarks related to its Huawei “YunYunBao” nonfungible tokens (NFT) series. The trademarks include digital collectibles in the […]
Huawei NFTs, Toyota’s hackathon, North Korea vs. Blockchain: Asia Express
Our weekly roundup of news from East Asia curates the industry’s most important developments. Huawei moves to trademark its NFTs According to a Jan. 28 report by Sina News, Chinese telecom giant Huawei has recently filed for eight trademarks related to its Huawei “YunYunBao” nonfungible tokens (NFT) series. The trademarks include digital collectibles in the […]
Huawei NFTs, Toyota’s hackathon, North Korea vs. Blockchain: Asia Express
Our weekly roundup of news from East Asia curates the industry’s most important developments.
Huawei moves to trademark its NFTs
According to a Jan. 28 report by Sina News, Chinese telecom giant Huawei has recently filed for eight trademarks related to its Huawei “YunYunBao” nonfungible tokens (NFT) series. The trademarks include digital collectibles in the scientific instruments, furniture, education, jewelry, advertising and telecom sectors. Last April, Huawei unveiled its YunYunBao NFTs, featuring characters inspired by its namesake cloud service. Huawei NFTs are minted on its proprietary Huawei Petal Chain, which the telecom giant says has over 1,000 nodes and can handle over 50,000 transactions per second.
A Huawei cloud NFT. Source: HuaweiToyota sponsors blockchain hackathon
In a Feb. 1 Medium post, Sota Watanabe, the founder of Japanese blockchain Astar Network, announced that Astar had received a sponsorship from Japanese automobile manufacturer Toyota for its latest Web3 hackathon. Astar is currently a parachain built on the Polkadot blockchain.
According to Watanabe, over $100,000 in prizes will be distributed to projects that develop “intra-company DAO [Decentralized Autonomous Organization] support tools for this hackathon which Toyota employees may actually use in the future.” The hackathon will run from Feb. 14 to March 25.
The Toyota hackathon prize structure. Source: Hakuhodo“Needless to say, Toyota is the largest company in Japan and one of the world’s leading international companies,” Watanabe wrote. “We are very excited to be hosting the Web3 Hackathon on Astar with Toyota. During the event, we aim to develop the first PoC DAO tool for Toyota’s employees. If a good tool is produced, Toyota employees will interact daily with products on Astar Network.”