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” Philippines to explore blockchain use cases, launches training program “ The Philippines has started exploring blockchain technology use cases, launching a training program for researchers in the government’s Department of Science and Technology (DOST). Enrico Paringit, a DOST official, said that the goal of the training is to see how blockchain can play a…
” Chinese state media signals tighter crypto regulations in Terra aftermath “ The China state-owned media outlet, the Economic Daily, has signaled that the Chinese government may introduce even tighter regulations on cryptocurrencies and stablecoins due to the collapse of the Terra ecosystem. In an article published May 31, the outlet detailed the collapse of…
” Japan’s Bitbank to set up a custody firm to facilitate institutional entry to local markets “ In a new development for East Asia, Japanese crypto exchange Bitbank announced a partnership with financial holding company Sumitomo Mitsui Trust Holdings with the goal of establishing Japan Digital Asset Trust (JADAT). According to an announcement sent to…
“US and 12 countries join new Indo-Pacific trade pact” TOKYO — President Joe Biden announced 12 countries have joined a new trade pact that the White House says will help the United States work more closely with Asian economies on issues including supply chains, digital trade, clean energy and anticorruption efforts. The signatories joining the…
” Altcoin prices briefly rebounded, but derivatives metrics predict worsening conditions “ On May 12, the total crypto market capitalization reached its lowest close in 10 months and the metric continues to test the $1.23 trillion support level. However, the following seven days were reasonably calm while Bitcoin (BTC) gained 3.4% and Ether (ETH) added…
“Secret Service agents sent home from South Korea after drunken incident” Two Secret Service employees were shipped back to the US from South Korea this week following an alcohol-fueled confrontation with a local cab driver ahead of President Biden’s trip to the country, according to multiple reports. ABC News reported Friday that an agent and…
” Indian government’s ‘blockchain not crypto’ stance highlights lack of understanding “ Indian crypto businesses are struggling with the new tax policies as trading volumes have dried up and many established crypto firms are looking to relocate to more crypto-friendly jurisdictions. While many developed countries and even several of its Asian counterparts are actively studying…
“North Korea’s Kim Jong Un deploys military to fight COVID surge” North Korea says it has experienced an explosive surge in COVID cases and deaths over the past several days, with dictator Kim Jong Un blasting officials for a slow response to the outbreak and ordering the military to take over the distribution of pandemic medicine…
” Bitcoin and Ethereum had a rough week, but derivatives data reveals a silver lining “ This week the crypto market endured a sharp drop in valuation after Coinbase, the leading U.S. exchange, reported a $430 million quarterly net loss and South Korea announced plans to introduce a 20% tax on crypto gains. During its worst…
“China conducts military drills near Taiwan involving air forces” China conducted a new round of military exercises near Taiwan over the weekend, forcing Taipei to scramble planes at one point to respond to an intrusion into its air defense zone, according to a report Monday. Beijing’s People’s Liberation Army Eastern Theater Command said in a…