Category: Asia

Ripple’s Asia Pacific Business Flourishing Despite SEC Lawsuit, Says CEO

Ripple chief executive officer Brad Garlinghouse said Friday that the company’s business in the Asia-Pacific region has not suffered from the ongoing regulatory issues in the U.S. Ripple’s Business in Asia and Japan Sees Growth Ripple is facing a $1.3 billion lawsuit from the U.S. Securities and Exchange Commission (SEC). In December, the SEC charged […]

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South Korean Moms Are Taking the Lead in Buying Bitcoin Despite the Coronavirus Pandemic

As bitcoin prices keep exchanging hands above the $48k handle as of press time, South Korea notices a particular growing trend in a specific profile of crypto investors. A recent study revealed that a new era of “crypto moms” is emerging across the board in the country. Millennials Are Lagging Far Behind, Says Study Per […]

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Thai Financial Regulator Claims Controversial Crypto Rule Proposal Was Just to Gauge Public Opinion

The Thai financial watchdog has reportedly retreated from its initial controversial crypto rule proposal. Citing the country’s Securities and Exchange Commission (SEC), a local media outlet stated that public criticism was significant regarding the matter. People ‘Misunderstood’ Minimum Annual Income Rule, Claims the SEC According to the Bangkok Post, the Thai SEC is retracting from […]

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Huobi exchange’s sister firm to launch pure BTC, ETH funds in Hong Kong

Huobi Technology Holdings, a Hong Kong-listed firm owned by Huobi exchange’s CEO and chairman Li Lin, is set to launch three funds that are 100% invested in digital assets. Huobi Tech said in an announcement shared with The Block on Thursday that its fully-owned subsidiary Huobi Asset Management has obtained additional regulatory clearing from the […]

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Chinese state-owned capital is now indirectly backing a major bitcoin mining business

Quick Take 500.com’s recently acquired major bitcoin mining pool BTC.com. The firm’s pivot to mining appears to have started as early as March 2019, as it struggled to cope with China’s 2015 crackdown on online lotteries. The new mining business is also indirectly backed by a Chinese state-owned enterprise. This feature story is available to […]

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On-chain stablecoin volume surpasses $360 billion for February

The adjusted, monthly on-chain stablecoin volume hit a new high in February, rising above $360 billion for the first time. As expected, the volume figures were dominated by Tether (USDT). USDT saw 63.5% of the volume, with 18.7% going to USD Coin (USDC) and 9.6% to DAI.  USDT also saw its most-ever volume of $232 […]

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South Korean PC Gaming Rooms Rely on Crypto Mining to Profit During the Coronavirus Pandemic

The coronavirus pandemic has significantly hit several entertainment routines of the people worldwide, and South Korea is not an exception. PC gaming rooms had to shut down in the country, but their owners found a way to make profits during the lockdown by participating in crypto mining. A PC Bang Owner Made Over $3,000 Worth […]

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New Crypto Rules in Thailand Could Require Traders to Show Income Before Opening Trading Accounts

Thailand seeks to introduce a new set of rules for retail crypto investors, specifically targeting those who want to open accounts. The Thai financial watchdog could require domestic crypto exchanges to ask traders for proof of income. Thai SEC Could Also Ask Crypto Investors to Prove Their Knowledge of the Market According to a Bloomberg […]

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India’s central bank has ‘major concerns’ about crypto, but is working on digital rupee, governor says

The Reserve Bank of India (RBI), the country’s central bank, is concerned about cryptocurrencies, but it is working on the digital rupee, governor Shaktikanta Das has said. In an interview with CNBC TV-18 on Wednesday, Das said, “we have major concerns from the financial stability angle we have shared it with the government.” Das did […]

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