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Cryptocurrency prices have surged this month, prompting Vietnamese to install mining rigs although it’s not yet a lucrative trade. The price of Bitcoin increased from $18,000 to $21,000 on Jan. 14 and has moved sideways since then. The prices of many other…
Revolut is delaying its entry into cryptocurrencies, postponing the launch of its RevCoin in the wake of the collapse of the FTX exchange. Switzerland’s most popular neobank, Revolut, is holding back on its planned entry into minting its cryptocurrency. We…
The service shutdown in Japan follows in the wake of the collapse of FTX and adds more uncertainty to the global crypto market. Kraken, the US-based cryptocurrency exchange and bank, indicated that it is closing its exchange services in Japan. In a blogpost…
The crypto industry is facing a very difficult 2023. In the longer term, however, there is no reason why it should not rise from the dead again, as it has in the past. Skeptics have long suspected it, and now they see themselves vindicated by the fiasco…
Despite continued assurances publicly, Binance chief executive Changpeng Zhao admitted in an internal memo that the firm will face headwinds in the coming months, including heightened scrutiny. Binance is the latest crypto giant to be placed in the spotlight…
Binance invites participants to support the crypto industry via a rescue initiative, to which it will initially commit $1 billion. Binance has established the Industry Recovery Initiative (IRI), which includes its own initial commitment of $1 billion,…
The Swiss crypto services provider will use the US crypto data specialist’s enterprise software to manage transaction data. Swiss crypto Bitcoin Suisse is partnering with US crypto software and data specialist Lukka to support its middle and back office…
The dramatic decline of the FTX crypto exchange has severely shaken investor confidence. For traditional financial institutions with crypto services, the debacle could represent an opportunity. A year ago today, the crypto scene was in a party mood. This time…
Mastercard will debut crypto trading services next year that will enable financial firms, such as banks, to extend access to their clients. Mastercard will launch its crypto trading services – Crypto Source – in the US, Israel and Brazil in early 2023,…
By scaling back its exposure to assets like commercial paper, the company improves its credibility. The controversial Tether Holdings completely removed the commercial paper from its reserves. The world’s largest stablecoin issuer reported in a blog post that…
Singapore-based Crypto.com chooses Paris as the location for its regional headquarters after getting regulatory approval in a number of countries. Digital asset platform Crypto.com has selected Paris as its base in Europe. It expects to invest 150 million…
Binance has been hit with a hack that resulted in the theft of around $100 million of tokens issued by the crypto giant. $100 to $110 million of Binance Coin has been stolen, according to a spokesperson for Binance-backed BNB Chain. This is likely due to a…
Vietnam is the second biggest cryptocurrency market in ASEAN behind Thailand with a transaction value exceeding $100 million a year, a new report has found. It was followed by Singapore, the Philippines, and Indonesia, according to a report by cryptocurrency…
Vietnamese crypto miners say they have suffered heavy losses with their mining rigs turning useless after Ethereum, the second-largest cryptocurrency, completed its switch to a more energy-efficient framework. “Goodbye Ethereum”, “no more chances” and “sell…
The crypto world is holding its breath as Ethereum’s upgrade nears and no one knows what the consequences will be. Dominik Spicher from 21 Analytics said which Swiss platform is likely to benefit the most from the switch. Any day now starting this Saturday,…
The Monetary Authority Singapore is reeling back on retail access to cryptocurrencies with the latest consideration for more curbs. The MAS is considering tightening crypto rules for retail investors by «adding friction» to mass access, according to managing…
