June 5, 2024 By Anjali Kochhar In an unexpected turn of events, the non-fungible token (NFT) market experienced a major drop in May, reaching its lowest level since October of the previous year. According to latest data, global NFT sales were US$604 million, marking the first time this year that monthly sales fell below US$1 […]

June 5, 2024 By Sharan Kaur Phillora The Hong Kong Securities and Futures Commission (SFC) has granted initial approvals to 11 cryptocurrency exchanges, marking a significant step towards issuing the first full virtual asset trading platform (VATP) licenses since 2022. This development signals the city’s continued efforts to establish itself as a leading crypto hub.

June 4, 2024 By Sharan Kaur Phillora Cryptocurrency investor and Tether co-founder Brock Pierce is contemplating a return to Hong Kong, hinting at new ventures as the city seeks to revitalize its cryptocurrency sector. During the Solowin and Sequire Asia Investor Summit, Pierce expressed his enthusiasm for the recent regulatory advancements in Hong Kong and suggested

June 4, 2024 By Anjali Kochhar The Securities and Futures Commission (SFC) of Hong Kong has taken quick action in response to the changing landscape of digital assets by revealing a new regulatory framework for virtual asset trading platforms (VATPs). With an emphasis on investor protection and market integrity, new regulations, which go into effect

June 03, 2024 By Anjali Kochhar DBS, Singapore’s largest bank, has been discovered as a significant Ethereum (ETH) holder by blockchain analytics firm Nansen. The address in question, purportedly held by DBS, presently contains 173,753 ETH, which is equivalent to nearly $647 million USD at current market values. Nansen’s analysis reveals that DBS’s Ethereum holdings

June 03, 2024 By Sharan Kaur Phillora The US Treasury Department has issued a report identifying non-fungible tokens (NFTs) as particularly vulnerable to fraud and scams, advocating for increased regulatory measures to combat money laundering and other illicit activities associated with these digital assets. Here’s what we know: While NFTs, which gained popularity in 2021, have

June 03, 2024 By Anjali Kochhar DMM Bitcoin Co., a cryptocurrency exchange operator in Japan, announced on Friday that digital assets worth at least 48.2 billion yen (approximately $300 million) have mysteriously vanished. The Tokyo-based company, a subsidiary of major IT firm DMM.com LLC, reported detecting the irregularity at around 1:26 p.m. on the same

May 31, 2024 By Sharan Kaur Phillora The Hong Kong Securities and Futures Commission (SFC) has announced plans to conduct on-site inspections of local virtual asset trading platforms (VATPs) that are still processing their regulatory applications after the June 1 licensing deadline. Here’s what we know: On May 28, the SFC reminded crypto companies of their

May 31, 2024 By Anjali Kochhar China has made a big step toward adopting blockchain technology by announcing plans to integrate blockchain projects into 16 government agencies. The country’s commitment to investigating the possibilities of blockchain technology across multiple industries was demonstrated by the Central Cyberspace Affairs Commission’s circular, which outlined the ambitious initiative. The

May 30, 2024 By Anjali Kochhar BlockOn s a worldwide blockchain builder and VC platform providing incubation, acceleration and advisory support to global innovators with blockchain-based visions since 2013. At BlockOn, Sanskriti Negi is all about making connections and leading projects that push them forward. She secures strategic partnerships, especially in the finance sector, to expand