Category: Asia-Pacific

The CEO of the Dubai-based exchange sees jurisdictions competing for crypto business in a post-FTX world. PLUS: Bitcoin holds near $30,000 amid investor cautiousness.

The decline reflects an asset that has been stuck in a tight trading range. PLUS: Bitcoin plods below $30K amid another sluggish day for cryptos in which LINK was a rare bright spot.

PLUS: Ripple’s partial victory last week in its ongoing legal feud with the Securities and Exchange Commission left important questions unsettled for token issuers, a crypto lawyer told CoinDesk TV.

PLUS: Last week’s partial court victory for Ripple last week buoyed Coinbase’s share price by clarifying a nettlesome regulatory issue. The company still needs to recapture trading volume but seems headed for better times, an analyst says.

PLUS: A day in the life of Binance’s head of law enforcement training – petty crooks, fake subpoenas, and dodging politically sensitive requests.

The rising flows into Toronto-based Purpose’s spot bitcoin ETF, which received approval by Canadian regulators in 2021, reflect strong appetite among retail investors for these types of products and are a promising sign for U.S. companies who have recently filed spot BTC applications with the SEC.

Ether and other major cryptos are swept upward in a banner day for crypto markets. PLUS: While the number of large bitcoin holders increases, bitcoin sent to exchanges continues to fall, writes CoinDesk’s analysts.

ALSO: Former CFTC Chair Timothy Massad told CoinDesk TV that regulatory agencies “don’t have to resolve” the stubbornly troublesome issue whether cryptos are commodities or securities.

PLUS: A Freely Convertible Yuan is a Requirement for a CNY Stablecoin

PLUS: Binance.US has a free money problem, but there’s not enough trust in the platform to exploit it.

PLUS: The dYdX Foundation’s Charles d’Haussy says that dYdX’s move away from Ethereum might be the beginning of a broader trend.

PLUS: A candidate to become Thailand’s next Prime Minister owns bitcoin, ether, BNB and ADA. Here’s why the disclosure by Pita Limjaroenrat matters.

PLUS: Dismissing the very real prevalence of Ponzi schemes in GameFi isn’t a good look for Web 3.

PLUS: The first half of 2023 has so far been very promising for crypto majors.

PLUS: Japan is a regulatory success story when it comes to digital assets and Web3. But walking around the recent IVS Crypto Conference in Kyoto, one can’t help but feel that something is amiss.

ALSO: Bitcoin holds steady near $30.4K – unstirred by Fidelity’s filing for a spot bitcoin ETF and unexpectedly strong U.S. jobs and productivity data.

ALSO: Fast-paced, entrepreneurial Seoul ranked fourth globally in CoinDesk’s crypto hub series. Korea’s digital asset friendly, regulatory environment and a vibrant retail community have helped enabled the industry’s rising prominence in the city.

ALSO: Singapore ranked second in CoinDesk’s Crypto Hubs survey. The city state raised billions through IPOs, weathered the collapse of homegrown darlings Terraform Labs and Three Arrows Capital and is now searching for the right regulatory balance to encourage crypto without getting burned again.

ALSO: Venture capitalists and others have abandoned blockchain for the seemingly greener pastures of AI, but they may be falling for the hype of a technology that has yet to prove itself substantially.