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Hong Kong takes the lead as Asia’s crypto hub in 2023— here’s why

Hong Kong

Hong Kong has solidified its position as a burgeoning hub for cryptocurrency and Web3 innovation in a noteworthy move. It is important to know that June marked the initiation of the city’s official crypto licensing regime for virtual asset trading platforms. This pivotal step enabled licensed exchanges, including HashKey and OSL, to extend retail trading […]

Asia’s crypto weekly recap: The top headlines

From Asia with crypto This week's top 10 news

The ever-evolving and dynamic sphere of cryptocurrency in Asia saw significant movements this week, with major regulatory and partnership announcements that could steer the future of digital assets in the region. As we get into the week’s top stories, it’s clear that Asia’s crypto landscape is both bustling and under critical examination, setting a precedent […]

Asia’s currency game: Central banks’ innovative reserve defense

U.S. banks have a big little dilemma going on for them

As global anxieties intensify over protracted US interest rates and mounting worldwide tensions, Asia’s central banks craft groundbreaking strategies to shield their currencies. The challenge arises due to Asian benchmark rates generally trailing those of their emerging counterparts, resulting in a broader disparity with the US. Adapting to Global Pressures India, sensing the shifting tides, […]

How ICP Asia Alliance plans to redefine the Web3 and AI landscape

ICP Asia Alliance

The blockchain industry never sleeps. Amidst the whirlwind of crypto innovations, the launch of the ICP Asia Alliance seeks to carve a niche for itself in the buzzing Web3 and AI industry. But the real question stands – Is this a game-changer, or just another event destined to get buried in the annals of tech […]

From Asia with crypto: This week’s top 10 news

From Asia with crypto This week's top 10 news

Asia – the pulsating heart of the crypto world, teeming with innovation, intrigue, and at times, deception. While the continent brims with stories, here’s a sharp look at the top ten that caught my attention this week, as we navigate the complicated terrain of cryptocurrencies in the East. Hong Kong: Scandals and Invitations Hong Kong’s […]

A look at Asia’s top weekly news highlights

So much happened last week in Asia's crypto scene

This week in Asia, a series of high-profile happenings in the cryptoverse grabbed the limelight. Between questionable stances on crypto-friendliness and unexpected partnership announcements, it seems like the entire continent is dancing to the beats of digital coins. But is it all just glitz, or is there some real grit behind the scenes? Hong Kong: […]

Your weekly dose of Asia’s crypto industry top events

So much happened last week in Asia's crypto scene

As we navigate another eventful week in Asia’s crypto sphere, it’s clear that the industry is anything but dormant. From China’s intriguing stance on virtual currencies to major movements in Hong Kong’s trading platforms, let’s dissect the major events that have shaped the industry this week. China: Walking a Tightrope Let’s dive straight into the […]

China slows down – Asian economies feel the impact

The China enigma: Investors left in the dark

There’s a whispering unease in Asia’s economic corridors. It’s not the wind; it’s the economic chill emanating from China’s downturn. With a decelerating growth rate, China, the juggernaut of the global economy, is sending shivers down the spines of its neighboring countries, notably those deeply embedded within its commercial web. South Korea’s Tech Woes: A […]

Asia’s crypto industry has been real busy this week

So much happened last week in Asia's crypto scene

It’s been a whirlwind of a week for the Asian crypto industry. Every time you think the cryptoverse has exhausted its supply of adrenaline-pumping news, Asia steps up to the plate and says, “Hold my beer.” From a Chinese official getting slapped with a life sentence to new explorations in Hong Kong’s digital currency realm, […]

So much happened last week in Asia’s crypto scene

So much happened last week in Asia's crypto scene

Last week was undoubtedly eventful in Asia’s crypto sphere, with groundbreaking developments and massive shifts taking place across various countries. With Singapore emerging as a hub for money laundering investigations and Hong Kong setting the stage for a potential Web 3.0 evolution, there’s much to unpack. Here’s a closer look. Singapore’s Legal and Regulatory Developments […]

Bitstamp eyes Asian and British markets in ambitious expansion plan

Bitstamp crime insurance to secure consumer assets

Bitstamp, the Luxembourg-based cryptocurrency exchange, is taking strategic steps to secure additional funding to expand its global footprint and enhance operational capabilities. CEO Jean-Baptiste Graftieaux has disclosed ongoing discussions with potential investors to propel the company’s growth and innovation agenda. Securing funding is already in motion, facilitated by advisory support from Galaxy Digital Holdings. Bitstamp’s […]

Asia’s Response to Generative AI Integration and Its Impact on Jobs

Generative AI

The rise of generative artificial intelligence (AI) has sparked both excitement and concern in Asia. Entrepreneurs like Suumit Shah in India have praised the technology for its efficiency and cost-saving benefits, while others worry about its potential to displace human workers. The advent of OpenAI’s ChatGPT chatbot and similar AI-based tools has triggered a global […]

Russia and Southeast Asia embrace local currencies

ASEAN Russia Commit to Strengthening Partnership

As a seismic shift echoes through the world of international commerce, Russia has initiated discussions on conducting trade with ten Southeast Asian nations through their respective national currencies. These nations are members of the Association of Southeast Asian Nations (ASEAN), comprising Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam. This strategic maneuver […]

Asian chipmakers’ nightmare is China’s export curbs

China's export curbs and Asian chipmakers' green dilemma

A sinister specter is looming over Asia’s technological landscape. The region, renowned as a powerhouse for global chip production, now faces a new challenge that threatens to unhinge its dominance: China’s export restrictions. Chinese trade policies, particularly those regarding crucial chip materials like gallium and germanium, are sending tremors throughout the Asian semiconductor industry. A […]

Crypto traders bet on Asia as the US crackdown the market

Asia

Amidst a backdrop of mounting regulatory scrutiny and a recent crackdown on crypto in the United States, Asia has emerged as a thriving hub for crypto traders seeking a haven for their digital assets. As the global crypto landscape undergoes significant shifts, regulatory clarity and growing adoption of digital currencies in countries across Asia have […]

Asia lays a red carpet for crypto amid the SEC industry crackdown

Asia

The US Securities and Exchange Commission’s recent actions against two of the world’s largest crypto exchanges have created a significant opportunity for Asia, which has heralded its potential to leverage blockchain technology and digital assets to spur economic development.  The SEC’s enforcement stance is to drive crypto enterprises elsewhere, as the East especially Asia provides […]

Asian countries hold meeting on de-dollarization measures

9 Asian Countries Discuss De Dollarization Measures in Meeting Hosted

High-ranking officials from across Asia converged in Tehran this week, placing the spotlight on talks surrounding the ambitious goal of de-dollarization within the region. Leaders from nine Asian nations came together under the umbrella of the Asian Clearing Union (ACU), opening discussions on lessening the influence of the US dollar on their economies. Asia’s response […]

BNY Mellon explores digital asset custody services for Asian market

BNY Mellon

BNY Mellon, the world’s largest custodian bank, is exploring the possibility of offering digital asset custody services in Asia. This news has been met with enthusiasm by many in the crypto community, as it indicates that a major financial institution is taking steps to legitimize and institutionalize cryptocurrency trading. The president and chief executive officer […]

Market depression: Asian crypto stocks receding after Terra collapses

market depression

The global crypto market has undergone some critical changes, transforming the shape of its future investments. The changes have affected it in value because the impacts are limited to regular currencies as the market depression looms. Instead, the impacts are also evident on the stablecoins, which were little impacted by the ongoing market changes. The […]

Thailand halts crypto taxation plans

Thailand

TL;DR Breakdown • Binance plans to operate in Thailand if the government eases its crypto regulations.• The country in Asia seeks to take advantage of crypto-mining. After negotiations with national regulators, Thailand appears to end the first month of 2022 with a new proposal for cryptocurrencies. The Asia region stood out for regulating tax payments […]

Dogecoin ranks number one among most used cryptos in Asia

Dogecoin

TL;DR Breakdown • Several fast-food chains adopt DOGE in the world.• The crypto-meme Dogecoin gains priority in the life of Elon Musk, CEO of Tesla. Recently, the meme cryptocurrency Dogecoin reached the number one crypto spot by usage in Asia due to its massive wave of adoptions. DOGE has been noted for being a cryptocurrency […]

Coral: An artistic NFT Store in Thailand

Coral

TL; DR Breakdown Coral is the new NFT art store that supports creativity.  Government-issued currency like Thai Baht and US Dollars can be used by customers to buy NFT artwork. Kasikorn Business Technology Group (KBTG) has established an NFT art marketplace Coral. The new establishment is intended to advance innovativeness in the community. It will […]

Bitmain spin-off Matrixport records $10 billion in AUC

business

TL;DR Breakdown The value of assets under custody in Bitmain’s spin-off, Matrixport, has reached $10 billion. This makes the neobank the largest crypto-financial company in Asia. Matrixport, the leading crypto neobank in Singapore, announced it has surpassed $10 billion in digital assets under custody (AUC), becoming the largest crypto-related financial company across Asia. The development […]

Ripple to acquire 40% stake in Asia’s Tranglo

coins

TL; DR Breakdown Ripple is set to acquire a 40 percent stake in Asia’s remittance payment company, Tranglo. Under the acquisition, Tranglo will be using ODL to facilitate cross-border transactions. Ripple, the blockchain payment company behind XRP cryptocurrency, will be expanding its On-Demand Liquidity (ODL) service to the Asian market. According to an announcement on […]

Blockchain-based elections proposed by new Kyrgyzstan prime minister

coding

Sadyr Japarov looks to blockchain-based elections to improve voter turnout Kyrgyzstan Prime minister promises fair elections to come The acting President of Kyrgyzstan has proposed the Central Election Commission incorporate blockchain technology after recent elections were marred by vote-buying. Sadyr Japarov, acting President and also prime minister, only received his latest office of state on […]

The DAML connects BNP Paribas with major global stock exchanges

BNP Paribas

“The DAML connects BNP Paribas with major global stock exchanges” the news of the day in the blockchain technology world. BNP Paribas Securities Services is partnering with Digital Asset to develop a number of the DAML-based apps that will provide real-time access to trade and settlement services for customers in the Asia Pacific region. The […]

World Blockchain Summit in Asia launches virtual edition

world blockchain summit

World Blockchain Summit (WBS) has established itself as World’s biggest and most-elite Blockchain and Crypto Summit series, having hosted multiple high-level conferences across the world. it has proven itself as the most stereotypical blockchain event, World Blockchain Summit has a reputation of getting global experts, investors and crypto-asset entrepreneurs all under one roof year after […]

Peer-to-peer crypto trade in Africa surges to 2nd place by more than 50 percent

Beijing plans to become the world s blockchain hub

In just a few months, African countries now represent more than USD 15 million in combined weekly peer-to-peer crypto trade following triple-digit growth. The African continent has shown swift growth in the Bitcoin trading on peer-to-peer crypto trade platforms and now is second to the United States. Over the past week, the African continent was […]

South Korea digital asset trading taxation may lead to crypto legalization

digital asset trading taxation

A South Korean digital asset trading taxation might usher in a new era of legalizing cryptocurrencies. Imposing taxes on the asset class trading is a surefire signal that the government has bowed to pressure from local crypto users. The last two years have seen the authorities oppose crypto trading but things are looking bright. South […]

Myanmar crypto ban ineffective as locals continue trading

Myanmar crypto ban

Myanmar crypto ban has seen many locals continue to embrace the digital assets unperturbed. However, the government still maintains that the Bitcoin and Altcoin ban at the beginning of May still stands. The authorities have said that crypto is not legal but that has not reduced its usage. The government has not been actively involved […]

Blockchain technology scores massive win with $12M cross-border trade

Blockchain technology scores a massive win with M cross border trade

Blockchain technology scored a massive victory earlier this month when it effortlessly facilitated a commodity trade worth twelve million US dollars ($12 million) between North America and Southeast Asia, the Jumpstart magazine reported on Thursday. Historically, global trading space has been quite resistant to disruptive technologies. With a highly complex nature of its operational processes, […]

Bitcoin and Asian Market: Two sides of the coronavirus coin

Bitcoin and Asian Market Two sides of the coronavirus coin

The Bitcoin and Asian market go a long way back, ever since a vibrant ecosystem of Bitcoin ETFs and cryptocurrency derivatives came into existence, gradually reducing the Western dominance on cryptocurrency markets. While there is no denying that the Western hemisphere did enjoy prominence in the mainstream asset market initially, several studies involving extensive cryptocurrency […]

Crypto derivatives exchanges have found a new home in Asia

Crypto derivatives exchanges have found a new home in Asia

Last year has been very good for the Bitcoin derivatives market, with steady growth and an overall increase in interest from the cryptosphere. People have started visualizing these derivatives as a legitimate investment vehicle. Although the interest is global, Asian countries have impressed the most and hence the crypto derivatives exchanges look to find a […]

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