Tether for treason in Taiwan, East’s crypto exchange resurgence: Asia Express

Ether (ETH) price has rallied more than 200% in 2021, resulting in a massive $337 billion market capitalization. This impressive figure pushed the value of the Ethereum network ahead of the total market cap of major companies like Procter & Gamble's ($326 billion) and PayPal's $308 billion.The market cap figure is achieved by multiplying the…

Zurich-based Dfinity Foundation has announced a fund worth CHF 200 million, or around $223 million, to support development on the Internet Computer — a blockchain-based decentralized network with wildly ambitious plans to one day “replace” much of the internet. The non-profit scientific research organization announced “The Developer Ecosystem Program” on May 26, and is now…

Retail investors are buying into Bitcoin, says CryptoQuant CEO. 1372 Total views 16 Total shares In the days preceding Bitcoin’s latest rise in price, stablecoins went wild, exhibiting some largely unprecedented behavior.Stablecoins: all stablecoins inflow transaction and address count of all exchanges. Source: CryptoQuant.On October 18, stablecoins moving to exchanges reached record highs of 60,000…

After posting tenfold crypto volume growth in Q1 2021, DBS Private Bank is expanding its crypto services with a new trust solution. 4249 Total views 18 Total shares DBS Private Bank, one of the biggest wealth managers in Asia outside China, has launched a cryptocurrency trust solution amid growing demand for digital assets.After setting up…

Africa’s booming crypto ecosystem welcomes a new exchange platform MARA with backing from the likes of Coinbase Ventures and Alameda Research. 214 Total views 7 Total shares East Africa is set to welcome a new cryptocurrency exchange backed by a formidable list of industry heavyweights looking to tap into a continent full of potential users.Coinbase…

The retail CBDC will be developed in partnership with private entities, which “would be the digital equivalent of today’s notes and coins.” 442 Total views 16 Total shares The Monetary Authority of Singapore (MAS) has ramped up efforts to research and develop a central bank digital currency (CBDC) for retail use under the Project Orchid…

Bitcoin (BTC) balances of the major exchanges are at their lowest point since 2019.Calm waters ahead?From a high in mid-January, the number of Bitcoins on deposit at major exchanges has dropped significantly in following months. This trend accelerated after the recent market collapse.Source: GlassnodeFurther supporting this trend is the “exchange net inflow” data, which is…

The Swiss Financial Market Supervisory Authority (FINMA) has finished enforcement proceedings against crypto mining firm Envion AG, the authority announced on March 27.As a result of the investigation launched in July 2018, FINMA concluded that Envion’s initial coin offering (ICO), which closed in early January 2018, was unlawful.Envion, a blockchain firm that claims to provide…