Asia
Fed’s Crypto Bank Guidelines; Coinhako Planning Expansion
The Federal Reserve issues guidelines for crypto banks to tap the central banking system. Coinhako is planning an expansion in Asia Pacific region. Huobi to end crypto derivatives trading in New Zealand. Tencent’s Huanhe NFT marketplace halts sales and will offer refunds.
Blockchain in Asia: Digital Dragons and Digital Dollars
At this point, you’ve probably heard of blockchain. Maybe you don’t understand the technology but it’s facilitating the building of digital cities, and soon it could be a part of your day-to-day life. Forkast.News with support from the Judith Neilson Institute’s Asian Stories project explores how blockchain could change the way consumers consume, in everything from online shopping to food safety.
Tether Denies Asian Commercial Paper Backing Claims, Exposure to Three Arrows Capital
Tether, the firm behind the crypto market’s largest stablecoin USDT, is denying claims that its commercial paper portfolio is 85% backed by Chinese or Asian commercial paper. “The Hash” discusses the latest developments, along with a vague tweet from the founder of Three Arrows Capital.
Macro Factors Driving Bitcoin Above $31K
Bitcoin (BTC) is back above $31,000 on Monday after a record nine-week losing streak. BitFlyer Global Head of Sales & Trading Takaaki Kato discusses the macro factors that may be impacting BTC’s price, plus the state of crypto in Japan and Asia at large.
Framework Ventures Exec on Future of Web 3 Gaming and DeFi
Framework Ventures Co-founder Vance Spencer discusses their $400 million fund to back Web 3 gaming and DeFi initiatives. Spencer highlights the shift from free-to-play to play-to-earn, competition with Web 2, and the increasing interest in play-to-earn gaming in the South East Asian and Latin American markets.
Hex Trust CEO on State of Crypto in Asia and Expansion Plans
Hex Trust CEO and Co-founder Alessio Quaglini discusses current trends in the Asia crypto markets, noting the regional impact of the China ban. Plus, a conversation about what Hex Trust plans to do with the $88 million the firm recently raised for crypto custody focused on the gaming sector.
Coinbase India Setback; Hong Kong’s Bitcoin ATMs
Coinbase’s India launch hits road bump. South Korea’s Shinhan bank sets precedent for corporate crypto accounts. Expert says Singapore still on track to become a global crypto hub. Hong Kong leads the way for Bitcoin ATMs in Asia, but is their future in doubt? Those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Bitcoin Jumps to $40K Following Positive Shift Reported by Putin in Russia-Ukraine Talks
David Gan, OP Crypto founder & general partner, joins “First Mover” to provide his crypto markets update as bitcoin’s price jumps to $40,000 following Vladimir Putin’s statement about a positive shift in the peace talks with Ukraine.
Bitcoin Rally Past $44K Stalls on Low Volume
Bitcoin rallied above $44,000 on low volume before retreating as Russia said it was receptive to a diplomatic solution to tensions on the Ukraine border. OKX Director of Financial Markets Lennix Lai shares insights into crypto trading patterns in China and wider Asia despite thin volumes, the correlation between the markets and Russia-Ukraine tensions and views on NFTs.
Is There a Bullish Breakout Ahead for Bitcoin?
Needham & Co. Vice President John Todaro discusses his positive assessment of the crypto markets despite continuing to see red over the past week. “We’re still in a bullish macro set up here for bitcoin and cryptocurrencies more broadly,” Todaro said. “We do have around $100K bitcoin [price target] in Q1 2022.”
