Cryptocurrencies

Sam Bankman-Fried is worth $8.7 billion, shares an apartment with roommates, wears T-shirts and shorts to work, and sleeps on bean bag chairs.
Business Spotlight

Hong Kong's 29-year-old crypto billionaire: FTX's Sam Bankman-Fried

Value of exchange business led by US entrepreneur jumps 20-fold in a year

25 June 2021
Known for light regulation and business-friendly environment, Texas is being seen as good alternative to China by miners.
Cryptocurrencies

China's Bitcoin crackdown drives miners toward freewheeling Texas

Heavily deregulated state struggles with severe power supply issues

24 June 2021
Bitcoin has drawn renewed scrutiny from Chinese monetary authorities, and its volatility has also put it on U.S. lawmakers' radar for regulation.
Cryptocurrencies

Bitcoin stumbles below $30,000 under weight of China crackdown

'Downward pressure overwhelmed' digital currency's support, trader says

23 June 2021
The value of Bitcoin has declined sharply since China announced new curbs against cryptocurrency trades in May.
Cryptocurrencies

Bitcoin dives to 2-week low after China muzzles crypto trades

Chinese central bank tells major lenders to ban transactions in cryptocurrency

22 June 2021
Traders transact at a wholesale vegetable market in Bangalore in December 2016: an e-rupee would do exactly what Modi hoped to achieve in 2016.
Opinion

India should scrap paper money altogether

Four reasons Narendra Modi should speed up a digital rupee

14 June 2021
G-7 nations are worried that China's digital yuan could be used to track people and suppress political opposition.
Cryptocurrencies

China's bid for digital-yuan sphere raises red flags at G-7

Beijing-led economic zone would be immune to Western sanctions

5 June 2021
The number of cryptocurrency traders in Indonesia is estimated at 4 million and is expected to grow exponentially given the size of the country's population at 275 million, industry watchers predict. 
DealStreetAsia

Crypto action heats up in Indonesia as Tokocrypto weighs IPO

Country is hot spot for digital currency, based on government data

2 June 2021
The recent plunge in the value of bitcoin and other cryptocurrencies has hurt many new investors in South Korea.
Cryptocurrencies

Crypto crash dashes dreams of South Korea's lost generation

Young adults turn to virtual currencies as only chance for 'happiness'

31 May 2021
The euro logo in front of the headquarters of the European Central Bank in Frankfurt: ECB policymakers will meet again in June.
Interview

ECB tapering talk 'premature' without solid recovery: board member

Digital euro not due out until at least 2026 to ensure stability, Fabio Panetta says

26 May 2021
You may have a tail-wagging-the-dog crisis on your hands.
Opinion

Elon Musk is the least of Bitcoin's troubles

Beijing calls time on the crypto world's easy days

24 May 2021
Bitcoin fell as much as 30% to $30,000 on May 19. Moves by financial regulators in China to tighten rules on cryptocurrencies added to the downward pressure.
Caixin

Does China plan an even tougher cryptocurrency crackdown?

Regulators warn of risk, sparking talk of stricter regulatory oversight

21 May 2021
Bitcoin largely recovered in value in the U.S. on Thursday morning after dropping 30% at one point the day before.
Cryptocurrencies

Cryptocurrency's volatility amplified as big investors join fray

Bitcoin crash exposes growing impact of digital assets on financial markets

21 May 2021
China has long taken a negative view of cryptocurrencies amid concerns over potential risks to the domestic financial system.
Caixin

China delivers double blow to cryptocurrencies

Clampdown hits digital miners who in 2019 used more electricity than Argentina

20 May 2021
Bitcoin hit an all-time high of $64,801 in April before descending into a free fall in recent weeks.
Cryptocurrencies

'Cryptocrash' sparks broad stock sell-off after Chinese crackdown

Trading platforms seize up as bitcoin falls to half of all-time high

20 May 2021
Babel Finance of Hong Kong is among the largest crypto derivative players globally, with monthly trading volume of $8 billion in equivalent digital currency. (Photo by Ken Kobayashi)
Cryptocurrencies

Global investment firms make debut in Asian cryptocurrency market

Hong Kong's Babel Finance raises $40m amid growing demand for digital money

10 May 2021
Bitcoin rocketed in value last year, with its price rising nearly 300% as investors and companies looked to diversify their cash holdings or place speculative bets.
Cryptocurrencies

Asian companies accelerate shift to bitcoin as price surges

South Korean gaming giant Nexon buys $100m in the cryptocurrency, following Tesla

6 May 2021
Alpha Impact's copy-trading platform allows users to mimic the moves of more experienced cryptocurrency traders.
DealStreetAsia

Singapore crypto copy-trade platform raises $3m ahead of launch

Alpha Impact looks to add more developers with fresh cash infusion

1 May 2021
Speculative money is pouring into cryptocurrencies and auctions of luxury goods. (Source photo by Reuters)
Datawatch

From wine to Chinese medicine, risk of bubbles rises globally

Indicators show overheating potential higher than dot-com bubble or financial crisis

7 March 2021
China is conducting transactions with the digital yuan on a trial basis in Beijing and other major cities.(Photo by Iori Kawate)
Currencies

Thailand and UAE join China's global digital currency push

By pioneering payments in virtual money, Beijing aims to internationalize yuan

25 February 2021
There needs to be some kind of balance between protecting the privacy of digital retail transactions and giving authorities access to data related to potential crimes, says former People's Bank of China Gov. Zhou Xiaochuan.
Caixin

Zhou Xiaochuan: China's choices for a digital currency system

Former central bank governor advises against specific technological road map

22 February 2021
Tesla has made Bitcoin mining 20% more lucrative.
Opinion

Elon Musk is the Bitcoin-buying hypocrite we deserve

Tesla's vow to promote sustainable energy undermined by cryptocurrency purchase

22 February 2021
Bitcoin briefly crossed the $50,000 mark for the first time on Feb. 16 as Tesla and other big market players have embraced the cryptocurrency.
Cryptocurrencies

Bitcoin hits $50,000 mark as equity markets go on holiday

Mainstream embrace of cryptocurrency pushes up price after Tesla bounce

17 February 2021
Central banks across Asia are pushing their own digital currency projects.
Asia Insight

China's New Year digital yuan tests hasten Asia e-currency race

Central banks push projects amid COVID but first mover Cambodia sees slow uptake

16 February 2021
The price of bitcoin soared to an all-time high of $48,000 after Tesla's revelation it was converting a chunk of its cash reserves to the cryptocurrency.
Market Spotlight

Will Tesla's backing help to spin bitcoin into gold?

Cryptocurrency prices behaving more like hot stocks than safe havens

15 February 2021
The establishment of Beijing-registered Finance Gateway could also help China expand the influence of its own cross-border clearinghouse and payment system.
Caixin

China central bank's new venture signals digital yuan ambitions

Finance Gateway to do info systems integration, data processing, tech consulting

10 February 2021