Asia Financial News

10.07 / 00:27

business Asia exchanges Job Crypto licenses Rush for Hong Kong’s crypto licenses yet to translate to jobs: Recruiters

Crypto firms may appear to have been prepping entry to Hong Kong with unabated excitement, but it’s yet to translate into in-country hires, according to recruitment executives.

05.07 / 02:21

Ethereum Adoption Web3 Gaming Asia ConsenSys zk-Rollup Account abstraction will drive a billion users from Asia to Web3: ConsenSys exec

Account abstraction, also known as “smart accounts” could eventually onboard a billion users from the Asia region to Web3, according to an executive at Ethereum software solutions provider ConsenSys.

30.06 / 20:43

business Blockchain Asia Venture Capital Crypto VC is struggling only from a North American perspective — Animoca Brands CEO

The crypto space has been in an uneven state around the world, with Web3 startups flourishing in the Middle East and Asia, while North American crypto entrepreneurs face challenges under tough macroeconomic and regulatory conditions, according to Animoca Brands CEO Yat Siu.

22.06 / 14:21

Adoption regulation education Asia ChatGPT Schools generative AI Limited generative AI usage to be allowed in Japanese schools

The Japanese Ministry of Education, Culture, Sports, Science and Technology plans to allow schools from elementary to high school level limited usage of generative artificial intelligence (AI) in classrooms.

21.06 / 13:41

Adoption Binance regulation coinbase Gemini Asia Binance launches regulated platform in Kazakhstan amid troubles in the West`

Global cryptocurrency exchange Binance announced the launch of a regulated digital asset platform in Kazakhstan amid growing regulatory troubles in the West. The launch of the new platform was announced at a press event on June 20, 2023, in the presence of representatives of Kazakhstan’s banking industry, and Binance Kazakhstan's leadership.

20.06 / 16:35

business Gemini Asia expansion Gemini plans Asia-Pacific expansion as part of 'next wave of growth for crypto'

United States-based cryptocurrency exchange Gemini, founded by Cameron and Tyler Winklevoss, has announced plans to expand into the Asia-Pacific region.

18.06 / 17:47

markets Binance SEC Tether Asia Bitcoin week Is the cryptocurrency market about to break its 10-week losing streak?

The cryptocurrency total market capitalization fell to $1.02 trillion on June 15, its lowest level in three months. But while the derivatives market's resilience and end-of-week price gains amid uncertainty in stablecoins' reserves provides hope for bulls, it might be too soon to celebrate.

16.06 / 05:48

Tether USDT Asia Bitcoin ‘If You’re Selling BTC for Something, Sell it for Gold Instead of USD’, Says Tether CTO Paolo Ardoino

In an insightful conversation with Cryptonews, Paolo Ardoino, the CTO of both Tether and Bitfinex, shed light on crucial topics relating to the crypto world.

12.06 / 16:43

markets Binance SEC Tether Asia Bitcoin Bitcoin and select altcoins show resilience even as the crypto market sell-off continues

A bearish trend formation has been pressuring cryptocurrency prices for the past eight weeks, driving the total market capitalization to its lowest level in more than two months at $1.06 trillion, a 2.4% decline between June 4 and June 11.

08.06 / 15:49

markets Asia Bitcoin US Bitcoin supply fell over 10% in the past year — Glassnode

Bitcoin (BTC) abandoned the United States during the 2022 bear market, new research suggests.

06.06 / 16:53

business Law regulation Asia exchanges regulatory Hong Kong’s regulatory lead sets it up to be major crypto hub

Hong Kong — officially the Hong Kong Special Administrative Region of the People’s Republic of China — is a city of over seven million residents on the eastern Pearl River Delta in South China. The city is known for being pro-innovation and technology, and over the past year, it has introduced legislation to promote and adopt cryptocurrencies.

02.06 / 12:11

business regulation Asia ChatGPT Warning OpenAI gets warning from Japanese regulators on data collecting

Officials in Japan are beginning to tighten their stance towards artificial intelligence (AI) after the country's local privacy watchdog warned the ChatGPT parent company about its data collection methods.

31.05 / 10:35

Asia Middle east Binance names Teng as head of regional markets outside US

Richard Teng to head its regional markets outside the United States, at a time when the world's largest cryptocurrency exchange has been facing scrutiny from U.S. regulators over compliance issues. Teng, who revealed his promotion on his LinkedIn profile, is already heading regions like Asia, Europe and the Middle East. He joined Binance as CEO of Singapore in August 2021.Teng will begin his new role on Monday. The development comes at a time when Binance has been under fire for non-compliance issues from U.S. authorities, while it has faced pressure in other countries as well.

27.05 / 17:55

business Binance regulation Asia Binance kicks off transition to new platform in Japan

After five years out of the Japanese market, crypto exchange Binance has begun the process of establishing a new and fully regulated subsidiary in the country. The move follows the acquisition of the regulated crypto exchange Sakura Exchange Bitcoin (SEBC) in November 2022.

23.05 / 15:07

Binance Advertising Legal Asia Today in Crypto: FBI Issues Alert About Scam Crypto Job Ads, Binance Dismissed from a Tinder-Related Lawsuit, Hong Kong to Allow Licensed Platforms to Serve Retail Investors

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

17.05 / 15:53

Binance Tether coinbase Apple Asia USDC Bitcoin acquires Today in Crypto: Ripple Acquires Metaco, Tether to Buy BTC Monthly Using Realized Profits, WazirX Claims Binance Controls WRX

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

04.05 / 17:01

regulation Europe Asia Examining global successes and challenges in regulating crypto: Report

The use and popularity of cryptocurrencies have significantly increased in recent years, but their decentralized nature makes them difficult to regulate, and the lack of a clear framework has led to concerns about money laundering, terrorist financing and consumer protection. Over 90 countries have introduced cryptocurrency regulations since 2014, with 28 adopting crypto-related laws in 2022.

04.05 / 10:05

Adoption Europe Asia UK Lisbon Leads the Way as the World's Premier Crypto Hub, Outranking New York and Berlin: Report

Portuguese capital takes the top spot among the world's most important crypto hubs - ahead of New York, Berlin, and Paris, according to a report by European crypto investment firm Greenfield.

03.05 / 08:27

Mining Asia Bitcoin Bhutan’s DHI and Bitdeer to raise $500M to develop sustainable mining operations

Nasdaq-listed mining company Bitdeer Technologies Group and Bhutan’s sovereign investment arm Druk Holding and Investments (DHI) have teamed up to create eco-friendly and carbon-free digital asset mining operations in the Kingdom of Bhutan.

01.05 / 13:07

Mining Asia renewable energy Bitcoin Bhutan mines Bitcoin with hydropower since BTC price was $5,000

The Kingdom of Bhutan is bullish on Bitcoin (BTC). Following the revelation that the small Himalayan Kingdom of Bhutan has been quietly accumulating crypto, the country is also mining Bitcoin. Moreover, the country of less than 800,000 people leverages green energy to power its Bitcoin mining operations.

23.04 / 03:47

business Adoption Payments Asia financing China and Singapore team up to scale green and transition financing

Major Asian economies, China and Singapore, have set up a task force to deepen bilateral cooperation in green and transition finance. The move is aimed at facilitating greater public-private sector collaboration for a low-carbon future in the region.

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