Trading app Robinhood has announced that its users will be able to gift friends and family crypto over the holiday season. In a Thursday announcement, Robinhood said its users — with the exception of those in Hawaii and Nevada — could send as little as $1 in Bitcoin (BTC) or six other cryptocurrencies with a personalized digital card starting on…
In what sets a landmark judicial precedent, the Chaoyang District People’s Court in Beijing has voided Bitcoin mining contracts signed in 2019, resulting in the plaintiff losing roughly $1.6 million. Citing several state-run media outlets, including Xinhua News Agency and CCTV, the South China Morning Post reported that in May 2019 Beijing Phonf Marketing Technology entered into three agreements with…
This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. Bad news for Evergrande Even after all the regulatory crackdowns, China isn’t letting 2021 slip away without a few more blows to the crypto markets. On December…
The explosion of rug pulls in the decentralized finance (DeFi) ecosystem over the past year helped to propel revenue from crypto scams to $7.7 billion in 2021, according to blockchain data firm Chainalysis. Per Chainalysis’ 2022 Crypto Crime Report, revenues from crypto scams in 2021 were up 81% on the previous year, with rug pulls accounting for 37% of all…
Tether, the issuer of the eponymous stablecoin, has praised the decision of Myanmar’s parallel government, The National Unity Government (NGU), to use USDT as an official currency. Myanmar’s NUG is a shadow government run by the supporters of Nobel Peace Prize winner Aung San Suu Kyi. As Cointelegraph reported on December 13, NUG announced Tether’s USDT as official currency for…
The CEO of the small, but hugely powerful, advisory boutique LionTree has now set his sights on the world of crypto—and his firm may even launch its very own token, too. In LionTree’s year-end letter, Aryeh Bourkoff waxed poetic about budding trends like the creator economy, non-fungible tokens (NFTs), decentralized finance (DeFi), and the metaverse. “In 2021, crypto made itself…
The pace of the crypto industry’s acceleration in 2021 has surprised many, including Marcus Swanepoel, CEO of cryptocurrency exchange Luno. Swanepoel recently remarked: “We knew it was coming, but just not that fast, particularly in certain subsectors like NFTs and some altcoins.” Subsectors at ‘Top of Their Hype Cycle’ The acceleration of the crypto industry in 2021 surprised some players…
When people think of nonfungible tokens (NFT), the most popular collectibles such as CryptoPunks, Bored Ape Yacht Club and Decentraland usually come to mind. Beeple’s digital artwork that sold for millions will most likely ring a bell, and most recently, gaming came together with the Metaverse to usher in an altcoin season. However, one particular type of nonfungible token that…
The government of Thailand is preparing a new regulatory framework for cryptocurrencies like Bitcoin (BTC) in order to minimize risks and improve investor protection. The Bank of Thailand (BoT) will release a consultation paper in January that will define “red lines” for the crypto industry, governor Sethaput Suthiwartnarueput said in a Dec. 14 interview with The Bangkok Post. “We want…
Bitcoin (BTC) traders may be experiencing some “extreme panic,” but one analyst argues that practically all the technical metrics point to price upside. Speaking to Cointelegraph on Dec. 16, filbfilb, co-founder of trading platform Decentrader, listed more than 20 signs that bullish momentum should be next for Bitcoin. “Enough there” for Bitcoin upside breakout BTC/USD gained with equities late Wednesday…
