Crypto exchange Upbit is entering the Thai market at a fortuitous time when the kingdom’s most popular exchange, Bitkub, remains suspended by government regulators. According to reports in local media, a joint-venture crypto exchange between Upbit APAC and a group of Thai billionaires launched operations on Wednesday, Jan. 20. It follows the regulatory suspension of the country’s most popular trading […]

The use of DLT can bring efficiencies to many aspects of the lifecycle of financial products, from listing and issuing, through to settlement of trades. Singapore’s stock exchange, SGX, has announced a joint venture with investment firm, Temasek, to use distributed ledger technology to streamline the issuance and trading of financial products listed on its platform. According to a Jan. […]

Just recently, BitMex Research’s ForkMonitor detected a split in the BTC chain, where the temporarily leading chain was re-org’d, and therefore 1 block was orphaned. Nothing substantially important or notable with that alone… Reorgs happen all the time, and they are a fundamental part of the design in which Bitcoin works and awards miners for the most work done on […]

Bitcoin has come under pressure, tumbling 12% on Thursday, on rising concerns over regulatory scrutiny. Incoming U.S. Treasury Secretary Janet Yellen — whose nomination will get a vote from the Senate Finance Committee on Friday — flagged the cryptocurrency earlier this week as a means for "illicit financing." Those comments triggered fears that the new administration could enforce a cryptocurrency […]

Bitcoin price is down over 15% and it broke many supports near $32,000 against the US Dollar. BTC even traded close to $28.5K and it is currently correcting losses. Bitcoin started a strong decline below the $33,000 and $32,000 support levels. The price is currently correcting losses, but it is now well below $32,000 and the 100 hourly simple moving […]

Ethereum declined close to 20% and it tested the $1,050 zone against the US Dollar. ETH price is currently recovering, but it might struggle near $1,200 and $1,250. Ethereum declined heavily after it broke the $1,250 and $1,200 support levels. The price is now correcting losses from $1,042, but it is well below the 100 hourly simple moving average. There […]

VanEck, a major American investment management firm, is making another attempt to launch a digital asset-related exchange-traded fund, or ETF. According to a Jan. 21 filing with the United States Securities and Exchange Commission, VanEck’s new ETF is called the Digital Assets ETF. The new fund would track the price and performance of the Global Digital Assets Equity Index run […]

Mercado Bitcoin, the largest Bitcoin exchange in Brazil, announced on Thursday the closure of a BRL 200 million (around $38 million) funding round and revealed its plans for international expansion. The funding round was led by local private equity firm, GP Investimentos and early-stage venture capital, Parallax Ventures along with the participation from several other parties, mostly from the local […]

U.S. President Joe Biden’s pick for Treasury Secretary Janet Yellen may see more benefits to cryptocurrency than her previous testimony indicated.  After a virtual hearing of the U.S. Senate Finance Committee held on Tuesday, Yellen hit the headlines for her answer to Democratic Senator Maggie Hassan’s question about how she would respond to “emerging financial technology” being used to fund […]