First Mover Asia: Bitcoin Is Being Made Great Again

news Bithumb, the largest cryptocurrency exchange in South Korea, plans to cut its staffing levels by up to 50 percent, according to a CoinDesk Korea report issued Monday, a move that would reduce its number of employees from 310 at the start of March to around 150. When reached, an official at the company confirmed the 50 percent…

news UPDATE (16, July 2019 14:51 UTC): A correction has been made to remove the suggestion that all of Binance’s stolen BTC has been moved into fiat. Many of the associated exchanges do not offer fiat pairs. ——— A new analysis by Coinfirm shows the movement of the bitcoin stolen from Binance into various wallets. The…

The "experimental" phase for the Tezos blockchain is over. On Monday morning, the Tezos Foundation will officially announce that the protocol will no longer be in a beta period, and instead be a full mainnet, launched and run by its community. The designation is admittedly largely a semantic one. Tezos launched a mainnet, or live…

news The Danish Tax Agency has got the green light to collect trader information from local cryptocurrency exchanges to see if they are paying their dues. The agency, in Danish called the Skattestyrelsen, announced Monday that this is the first time the country’s Tax Council has given it access to crypto traders’ data – information that includes…

After the U.S. Department of Energy’s (DOE) first attempt to survey crypto mining companies about their energy usage was kneecapped by a lawsuit, the department is getting ready to try again – but this time, it’s seeking input from crypto industry participants first. The Energy Information Administration (EIA), a federal agency within the DOE that

A slurry of catalysts and historical behavior could catapult bitcoin (BTC) to as high as $160,000 in a widely expected bull market that analysts say could be underway in 2024.Expected demand for bitcoin from several spot exchange-traded funds (ETF) in the U.S., the upcoming halving and growth in broader stock markets on the back of

news Andreessen Horowitz’s cryptocurrency fund A16z Crypto and venture capital firm Polychain Capital have invested $25 million in cryptocurrency payments startup Celo. Celo announced Tuesday that the two investors have purchased $15 million and $10 million in the project’s Celo Gold tokens, respectively. The token-based funding effort also saw participation from “several other leading institutions”…

news A new Hyperledger blockchain initiative is looking to stabilize the Chilean stock market and lure in overseas investors. The Santiago Stock Exchange (STE), Central Securities Depository (DCV) and the Global Trade Directory (GTD) will form a blockchain association for this task, according to a BNamericas report, published August 27. The so-called Technology Consortium will…

opinion Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. ——- After a gloomy look at the state of cryptoland two weeks ago, it’s time…