Cryptocurrencies

Akalarp encouraged customers to join a class action lawsuit that Zipmex Thailand is preparing to file against Zipmex Global.
Cryptocurrencies

Crypto crash spreads in Asia as Zipmex suspends baht withdrawals

Thai exchange faces liquidity risk from Celsius, Babel Finance

21 July 2022
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#techAsia

Display makers dip into chips and a startup struggles to deliver

The inside story on the Asia tech trends that matter, from Nikkei Asia and the Financial Times

21 July 2022
Topp Jirayut Srupsrisopa, the young chief executive of Bitkub Capital Group Holdings, is the company's public face and well known in Thailand. (Source photos by AFP/Jiji) 
Cryptocurrencies

Thailand's SCB delays deal with Bitkub amid tighter crypto rules

Postponement raises concern about growth curbs on nation's digital money trade

21 July 2022
Singapore's central bank on July 19 reported a loss of 4.7 billion Singapore dollars ($3.37 billion) as the strong dollar undermined the value of other currencies in its portfolio.
Cryptocurrencies

Singapore set to get tougher on crypto companies

Monetary Authority puts industry on notice about tightening rules

19 July 2022
In the U.S., a class action complaint has been brought against Do Kwon, his company and the founder's associates on behalf of people who purchased Terra’s digital tokens in May.
Cryptocurrencies

Terms of failed 'stablecoins' tell investors to seek redress in Singapore

For holders of Do Kwon's Terra and Luna, crash offers bitter lesson on crypto risks

14 July 2022
Animoca Brands develops games that use non-fungible tokens -- blockchain-backed digital assets -- to buy and trade items in a so-called metaverse. (Photo courtesy of Animoca Brands)
Cryptocurrencies

Hong Kong 'metaverse startup' Animoca Brands raises $75m

Blockchain gaming group is behind digital land trading game 'The Sandbox'

12 July 2022
David Shin, head of global adoption at Krust Universe, a Singapore-based subsidiary of South Korea's Kakao that is backing the cryptocurrency project Klaytn. (Photo source materials courtesy of Krust Universe)
Cryptocurrencies

Kakao-backed crypto project races to expand outside South Korea

Competition among 'layer one' blockchains heats up as regulatory scrutiny grows

12 July 2022
Cryptocurrency lender Voyager Digital faces bankruptcy proceedings and likely delisting amid the turmoil in crypto markets.
Cryptocurrencies

Crypto crash takes down lenders as casualties mount

Voyager Digital bankruptcy filing shows risk of contagion spreading

8 July 2022
Many businesses involved in the cryptocurrency ecosystem raise funds through token issues.
Cryptocurrencies

Nomura and SBI plan to launch digital token operations

Japan brokerages attempt to expand expertise for valuing shares to crypto assets

6 July 2022
An advertisement of Bitcoin near Shibuya train station in Tokyo in January 2018: There was never a real market test for bitcoin's fantastical claims. 
Opinion

Bitcoin will be remembered as a historically insignificant fallacy

Unlike other important ideas, problems associated with cryptocurrencies remain unsolved

4 July 2022
With the crash of crypto prices, 3AC ran into difficulty paying its debts, and has reportedly fallen into liquidation.
Cryptocurrencies

Singapore says Three Arrows Capital provided 'false information'

Rule breaches by crypto hedge fund include managing excess assets

30 June 2022
Leon Foong, head of the Asia Pacific market for Binance, said the company sees the current dip in cryptocurrency prices as a chance to rebuild the industry with stronger players. (Source photo by Francesca Regalado and Binance website)
Cryptocurrencies

Binance sees crypto recovery with closer ties to regulators

Largest crypto exchange signs deal with Cambodian authorities

30 June 2022
Bitkub CEO Jirayut Srupsrisopa: "You have to differentiate between a short-term shock that is happening in the market and long-term vision." (Source photos by Getty Images and AFP/Jiji)
Cryptocurrencies

Cryptocurrency exchanges must educate users: Bitkub CEO

Topp Jirayut says acquisition by SCB will go on despite regulatory setbacks

21 June 2022
Hoo.com is one of three Hong Kong cryptocurrency platforms that have suspended client transactions amid severe turmoil in digital asset markets. (Nikkei screen shot)
Cryptocurrencies

Hong Kong crypto platforms freeze accounts as turmoil deepens

Digital currency markets in free fall after key unit's collapse sparked sell-off

20 June 2022
Bitcoin's value has plummeted by two-thirds from its peak in November. 
Cryptocurrencies

Crypto crash exposes overleveraged trades, risking deeper losses

Singapore-based Three Arrows becomes latest big victim of sell-off

18 June 2022
A neon logo of Bitcoin in Buenos Aires on May 5: To use cryptocurrency necessitates intense self-discipline.
Opinion

Bitcoin users should not overlook cryptocurrency's fundamental flaw

Much vaunted blockchain security is more useless than the Maginot Line

14 June 2022
There were 12.4 million cryptocurrency investors in Indonesia as of February 2022, according to the Indonesian Commodity Futures Trading Regulatory Agency.
DealStreetAsia

Indonesian crypto trading platform Pintu raises $113m

Startup to roll out additional tokens and supported blockchains

8 June 2022
Under the law that has revised the payment services law, stablecoins can be issued by licensed banks, registered money transfer agents and trust companies. 
Cryptocurrencies

Japan adopts law to regulate stablecoins for investor protection

Foreign coins' entry to face high hurdles as cryptocurrency rapidly grows

3 June 2022
The logo of Terra on a smartphone screen: The borderless nature of cryptocurrency markets is likely to challenge regulators.
Opinion

Regulators are slowly waking up to blockchain's unfulfilled promise

Revolutionary potential remains unrealized despite three boom and bust cycles

29 May 2022
Stepn users buy nonfungible tokens (NFTs) that represent digital sneakers in order to play the game, then earn cryptocurrency based on their movement. (Screenshot from STEPN website)
Cryptocurrencies

'Move to earn' crypto game bans Chinese users, prompts price plunge

Stepn says it is responding 'proactively' amid Beijing's crackdown

27 May 2022
Del Wang, co-founder and CEO of Babel Finance. The head of the cryptocurrency group says digital units have yet to win broader market confidence.
Cryptocurrencies

Hong Kong cryptocurrency group Babel hits $2bn valuation

Unicorn raises $80m in latest funding despite global crypto rout

25 May 2022
Sumitomo Mitsui Trust intends to alleviate large investors' fear of owning digital assets. (Source photo by Manami Yamada)
Cryptocurrencies

Sumitomo Mitsui Trust to set up digital asset custodian company

Major Japan bank intends to attract institutional investors to crypto and NFTs

23 May 2022
What real value do vaporous cryptocurrencies have beyond vague promises?
Opinion

Crypto meltdown highlights need for urgent regulatory intervention

Opaque industry is an invitation to sleazy operators to do their worst

19 May 2022
Chinese bitcoin miners are suspected of using VPNs to circumvent the ban on their activities.
Cryptocurrencies

China vaults back to No. 2 bitcoin miner on suspected covert activity

Report says global share went from zero to 20% despite Beijing's ban

18 May 2022
Nomura Securities' dealing room in Tokyo. The brokerage aims to accelerate its uptake of digital technologies such as cryptocurrencies by creating a specialized unit.  (Photo by Ken Kobayashi)
Finance

Nomura to launch overseas unit for cryptocurrencies and NFTs

Amid market volatility, Japanese financial group ramps up digital asset services

17 May 2022