Metaplanet Raises $745 Million for Largest Bitcoin Purchase in Asia

January 28, 2025 Bitcoin.com

Asia

The strategic bitcoin roadmap by Metaplanet for 2025 and 2026 will see the company establish itself as one of the largest bitcoin owners globally. Metaplanet Doubles Down on its Bitcoin Position Metaplanet, fondly known as Asia’s MicroStrategy, has announced that it will raise approximately $745 million (¥116 billion) for more bitcoin purchases by issuing 21 […]

North Korea’s Lazarus Group’s Sophisticated Tactics Behind .46B Bybit Crypto Heist

North Korea’s Lazarus Group’s Sophisticated Tactics Behind $1.46B Bybit Crypto Heist

Indonesian cryptocurrency transactions cross $30B for 2024

November 29, 2024 Coin Telegraph

Indonesian cryptocurrency transactions cross B for 2024

Adoption

2024 transaction totals are up more than 350% year-over-year, but still well below Indonesia’s 2021 highs.

The Indonesian cryptocurrency market surpassed $30 billion in transactions for the period between January and October 2024, marking a 350% year-over-year increase and the highest total since the 2021 bull market.

According to data from the Commodity Futures Trading Supervisory Agency, Indonesia recorded approximately $6.5 billion in cryptocurrency transactions through the same period in 2023, a marked decrease from the nation’s estimated $19.4 billion through all of 2022.

The cryptocurrency market throughout Indonesia has experienced extended turbulence in the wake of its 2021 high of approximately $54 billion. 2022 saw a significant decrease, largely attributed to the “dual taxation” policy implemented by the government, which saw a 0.1% tax added to crypto gains on top of standard gains taxes.

North Korea’s Lazarus Group’s Sophisticated Tactics Behind $1.46B Bybit Crypto Heist

Taiwan Regulators Plan Crypto Custody Trial Next Year With Local Banks: Report

October 9, 2024 The Daily Hodl

Asia

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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North Korea’s Lazarus Group’s Sophisticated Tactics Behind $1.46B Bybit Crypto Heist

Swift to Pilot Digital Asset and Currency Transactions in 2025

October 6, 2024 Bitcoin.com

Asia

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 […]

North Korea’s Lazarus Group’s Sophisticated Tactics Behind $1.46B Bybit Crypto Heist

Bhutan’s $750M revenue from Bitcoin mining sets model for developing nations

September 20, 2024 Coin Telegraph

Bhutan’s 0M revenue from Bitcoin mining sets model for developing nations

Asia

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.

North Korea’s Lazarus Group’s Sophisticated Tactics Behind $1.46B Bybit Crypto Heist

TSMC becomes first Asian company to reach $1T as AI demand surges

July 20, 2024 Coin Telegraph

TSMC becomes first Asian company to reach T as AI demand surges

Apple

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.

North Korea’s Lazarus Group’s Sophisticated Tactics Behind $1.46B Bybit Crypto Heist

Bitcoin L2s help crypto miners in Asia supplement income with staking

July 17, 2024 Coin Telegraph

Asia

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.

North Korea’s Lazarus Group’s Sophisticated Tactics Behind $1.46B Bybit Crypto Heist

South Korea’s Financial Regulator Launches System To Monitor Crypto Fraud in Real Time

July 5, 2024 The Daily Hodl

Asia

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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North Korea’s Lazarus Group’s Sophisticated Tactics Behind $1.46B Bybit Crypto Heist

Asian Currencies Hit 19-Month Low: Devere CEO Predicts Continued Weakness

June 28, 2024 Bitcoin.com

Asia

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 […]

North Korea’s Lazarus Group’s Sophisticated Tactics Behind $1.46B Bybit Crypto Heist

Hong Kong Woman Scammed out of Nearly $1 Million After Sending Money To Fake Crypto Trading Platform: Report

March 25, 2024 The Daily Hodl

Hong Kong Woman Scammed out of Nearly Million After Sending Money To Fake Crypto Trading Platform: Report

Asia

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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Asia

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