New FSA Chief Rules Out ‘Excessive’ Regulation of Japan’s Crypto Exchanges

As loyal Valid Points readers recall, CoinDesk set up its own Ethereum validator, fondly nicknamed “Zelda,” in 2020 to witness firsthand the blockchain’s landmark shift to an energy-efficient proof-of-stake consensus mechanism from its original proof-of-work – the same one used by Bitcoin. The goal was to learn, and to report.That transition was effectively completed last…

U.S.-listed spot bitcoin exchange-traded funds yesterday reached new record by holdings with more than 850,000 BTC in custody, surpassing the previous high above 845,000 BTC from early April.Among ETFs, Grayscale’s GBTC holds the largest amount of bitcoin with over $20 billion, followed by BlackRock’s IBIT at $19.6 billion, while Hashdex Bitcoin ETF is the smallest

Overall, a record $2.5 billion flowed into crypto exchange-traded products last week, with bitcoin funds responsible for 99% of all the inflows, CoinShares reported.Outflows from Grayscale's GBTC were compensated by massive allocation to BlackRock's IBIT and Fidelity's FBTC.Demand for bitcoin (BTC) exchange-traded funds (ETF) accelerated again last week as they raked in a record $2.4

Indonesia’s government has shown a keen interest in crypto – but the general elections in February could shake things up for the industry, especially if leadership were to change.While current President Joko Widodo’s government had global plans for crypto issued in Indonesia, and even set up the world’s first bourse for digital assets, the next

Japan Doesn’t Need a Digital Yen, Asserts BOJ OfficialAdvanced economies such as Japan's don't need a digital currency, the deputy governor at the Bank of Japan (BoJ) asserted during a recent meeting.Speaking at the Bank for International Settlement's recent Future of Payments Forum, Deputy Governor Masayoshi Amamiya argued a Japanese central bank digital currency (CBDC)…

Jul 20, 2020 at 22:30 UTCBlockchain startup Conflux has announced its Conflux Ecosystem Grants Program, paid in the blockchain’s native CRX token, for building out the Conflux ecosystem, according to a release from the firm.  As reported by CoinDesk, Conflux is a Chinese state-backed blockchain platform for decentralized applications (dapps).Grants will be paid in the…

Top Solana protocol Marinade Finance will support direct-to-validator staking of SOL tokens alongside its popular mechanisms for issuing mSOL, the liquid staking token (LST).The new service, called Marinade Native, eliminates the smart contract risk of swapping SOL for mSOL while preserving the expected yield of around 7%, developers say. That’s because users retain custody of…

Oct 1, 2020 at 21:06 UTCUpdated Oct 1, 2020 at 21:07 UTCThe Atari Group, the company behind such classic video games as Pac-man, will begin publicly selling its Atari Token (ATRI) cryptocurrency in early November.ATRI is a self-styled entertainment industry payment method in the form of an ERC-20 token atop the Ethereum blockchain. It's been…

news Chip-making giant Taiwan Semiconductor Manufacturing Company (TSMC) has reported a slump in its crypto mining business revenue for last year. The firm announced its Q4 2018 financial results and also published an earnings call transcript on Thursday, providing revenue details across business segments. In the transcript, TSMC’s CEO and vice chairman C. C. Wei said…