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” Samsung Asset Management to launch blockchain ETF in Hong Kong “ Hong Kong-based Samsung Asset Management (SAMHK), a local subsidiary of Samsung’s investment arm, is moving forward with a blockchain-themed exchange-traded fund (ETF). The firm expects to launch its Samsung Blockchain Technologies ETF on the Hong Kong Stock Exchange on June 23, SAMHK announced…
” Crypto exchange Binance seeks critical licenses in Philippines, CEO says “ Changpeng Zhao, the CEO of crypto trading platform Binance, shared plans to acquire two licenses that are critical for the firm’s operations within the Philippines. In a press briefing in Manila, the Binance CEO mentioned that the exchange is looking to obtain the…
” The more you know about Bitcoin, the more optimistic you are: Block survey “ A survey from digital payment company Block Inc. has found that the higher respondents rated their own level of cryptocurrency knowledge, the more optimistic they are about the future of Bitcoin (BTC). Block surveyed more than 9,500 people from the…
” 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…