News

Tesla founder and CEO Elon Musk tweeted on May 13 that the company will no longer accept Bitcoin payments due to environmental concerns. According to Musk, the future of digital assets cannot come at a cost of the environment, stating that the massive use of electricity and coal is a serious concern. ‘We are concerned […]

Memecoin SHIB token gains traction after being listed by Chinese exchanges OKEx and Binance on May 8 and 10, 2021, respectively. The token’s value doubled on another large Chinese exchange, Huobi, which was already offering the asset. SHIB’s price pump occurred due to the token’s cheap price, according to Colin Wu, a well-known crypto blogger.

In an internal note exclusively obtained by Consumer News and Business Channel (CNBC) last May 7, Wall Street investment bank Goldman Sachs announced a new cryptocurrency derivatives trading desk where non-deliverable forwards (NFTs) related to Bitcoin can be traded. The note released to staff and was written by Goldman partner Rajesh Venkataramani revealed that the

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Ethereum (ETH) rose to 3% in the Bitstamp exchange, breaking the $3,000 mark for the first time last May 3. This puts Ethereum (ETH) at a 300% increase within the year so far, surpassing Bitcoin’s 95% rise. In a press release with news agency Reuters last May 3, Managing Director of Hong Kong-based crypto platform

In an interview with Consumer News and Business Channel (CNBC)’s ‘Squawk Box Asia’, CEO of financial technology company Ripple Brad Garlinghouse stated that the United States government lacks clear regulations on cryptocurrency, citing their case against the US Securities and Exchange Commission (SEC) as an example. He added that the country’s unclear regulatory framework for

Major American investment bank JPMorgan, Singapore’s largest bank DBS, and state investment firm Temasek recently announced their plan to launch a new blockchain company called Partior that will promote the use of global payments and interbank transactions. In an announcement, JPMorgan indicated that Partior would enable instant settlement of payments for various types of transactions

Inner Mongolia issued a Development and Reform Commission ban to prohibit crypto mining industries in the region starting in May. This is in support of the regulations implemented by the government of China in its efforts to become carbon neutral by 2060. Only two out of the four major crypto mining provinces, Yunnan and Sichuan

South Korean representative of the ruling Democratic Party Kim Byung Wook proposed a regulatory framework where financial institutions can terminate transactions with crypto-asset business operators that either fail to report to the Korean Financial Intelligence Unit (FIU) or are deemed as high-risk for money laundering. In an interview with crypto news site Coindesk Korea last

Conflux launched cross-chain bridge ShuttleFlow on April 20 to enable digital asset swaps between some of Asia’s largest crypto exchanges such as Binance, OKEx and Huobi. Furthermore, Conflux stated that ShuttleFlow solution is the first cross-chain bridge to support Asia’s digital asset exchanges. It also allows DApp developers to integrate multi-chain asset deposits and withdrawals