Regulators in Taiwan are reportedly planning a trial run of crypto custody services in local banks next year. According to a new report by the Central News Agency (CNA), a media outlet backed by the government of Singapore, Taiwan’s Financial Supervisory Commission (FSC) is planning on letting banks trial digital asset custody services starting Q1 […]
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Swift will begin live trials for digital asset and currency transactions in 2025, engaging banks across North America, Europe, and Asia in a major step toward real-world applications. By leveraging its existing network, Swift aims to merge digital and traditional assets, addressing the challenges of disconnected platforms. The trials build on successful blockchain experiments, seeking […]
Bhutan’s experience with mining Bitcoin could serve as a powerful example for other developing nations that seek to improve their economies.
The East Himalayan Kingdom of Bhutan is showcasing a powerful example of how developing nations could leverage Bitcoin mining to improve their economies and achieve economic growth.
On Sept. 16, onchain analytics platform Arkham Intelligence claimed it had detected and identified the first Bitcoin (BTC) address of Bhutan’s investment arm, Druk Holding and Investments. According to Arkham, DHI holds 13,029 BTC, 656 Ether (ETH) and some BNB (BNB) and Polygon (MATIC), amounting to approximately $780 million in total crypto holdings.
Despite Bukele’s bold efforts, Bhutan has discreetly gathered over twice as much Bitcoin as El Salvador by mining the cryptocurrency.
The company is now worth more than Broadcom and closing in on Meta.
Taiwan Semiconductor Manufacturing Company Limited, more commonly known as TSMC, became the first Asian firm to reach a market capitalization of more than a trillion dollars as it briefly surpassed Berkshire Hathaway on June 20 to become the eight most valuable company in the world.
The company’s quiet rise comes on the wings of its massive portfolio of tech and manufacturing giants who source its semiconductors.
TSMC is the world’s largest semiconductor manufacturer. Its top customers include Apple, AMD, Intel, Nvidia, Intel, and Qualcomm. However, Apple is by far its largest client, thanks to the use of TSMC semiconductors in iPhones, accounting for around a fifth of its total revenue.
Bitcoin L2s remain crucial to the Asian crypto ecosystem, offering miners new revenue streams after the most recent halving.
One crypto narrative that has garnered significant traction across the Asian technological landscape is the rise of Bitcoin layer-2 (L2) solutions.
Chinese miners are still an important part of the Bitcoin (BTC) mining ecosystem — reportedly accounting for over 50% of the network’s hashrate — the rise of these solutions seems to be bolstered by miners seeking to create alternative revenue streams for themselves, especially in the wake of the recent Bitcoin halving.
The Bitcoin halving, a programmed event that reduces BTC mining rewards by half, has traditionally been challenging for miners. The most recent halving, which concluded on April 19, reduced the digital asset’s reward ratio from 6.25 BTC to 3.125 BTC, making it tougher for miners to stay profitable.
The regulator overseeing South Korea’s financial institutions is unveiling a new surveillance system for illicit crypto activities as the nation prepares to enforce its first digital asset user protection law. In a new statement, the Financial Supervisory Service (FSS) says that it has collaborated with local crypto exchanges to develop a 24-hour monitoring system for […]
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Asian currencies have reached their lowest levels in over 19 months as the U.S. dollar strengthens, driven by expectations of prolonged elevated U.S. interest rates. The Bloomberg Asia Dollar Index fell by 0.1% on Thursday, marking its lowest point since November 2022. Significant declines in the Philippine peso, Indian rupee, and South Korean won are […]
A Hong Kong woman has reportedly been scammed to the tune of nearly $1 million after being enticed to send money to a fake crypto trading platform. According to a new report from the South China Morning Post (SCMP), a 46-year-old woman from Hong Kong was tricked into sending just over $900,000 to 15 different […]
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New data from market intelligence firm Chainalysis reveals that global cryptocurrency gains topped $37.6 billion in 2023 as asset prices and market sentiment continue to improve after a challenging 2022. In a new report, the crypto analytics platform says that the United States accounted for the lion’s share of realized profits in 2023, hauling in […]
The post United States Leads All Countries With a Staggering $9,360,000,000 Worth of Crypto Gains in 2023: Chainalysis appeared first on The Daily Hodl.
The head of the Philippines SEC clarified that Binance and any other unregistered exchange issued with an advisory has three months before they're banned from the country.
The Philippine Securities and Exchange Commission head Kelvin Lee clarified in a panel on Dec. 13 that the ban on Binance would come into effect three months after the advisory was issued.
According to a report from local news BitPinas, Lee said there has been a lot of confusion on the internet about the ban after regulators issued an advisory to the cryptocurrency exchange for operating without a license on Nov. 28.
He was asked to clarify the matter and that the ban was “supposed to be three months from the issuance date,” which he said was given on Nov. 29.
