The deadline for the base repayment, early lump-sump repayment and intermediate repayment was also moved from July 31 to Sept. 30.
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BTC price forms new support at $16.8K as Bitcoin lures 'mega whales'
A new 100-week "point of control" is appearing below $17,000 as the age-old Bitcoin trading range endures.
BTC price forms new support at $16.8K as Bitcoin lures ‘mega whales’
Bitcoin (BTC) could be busy forming fundamental support in its current tight trading range, the latest research suggests.
In a tweet on Jan. 6, trading platform Trend Rider noticed that $16,800 is becoming an increasingly important BTC price support zone.
Point of control establishing below $17,000?
Bitcoin’s lack of volatility has led commentators to debate when a breakout could occur — and in what direction it could go.
So far, however, the increasingly narrow trading range in place since the FTX saga in November remains in control.
Now, on-chain analysis is hinting that, contrary to some beliefs, BTC/USD may not have further to fall in the current phase of the bear market.
Huobi confirms 20% layoffs, denies insolvency rumors
Key Huobi execs, including Huobi Group CFO Lily Zheng allegedly left the company a few months ago following the new shareholders’ takeover.
1.5M houses could be powered by the energy Texas miners returned
Bitcoin miners appeared to be the model consumers for the ancillary services in the state.
MetaMask removes Wyre from aggregators amid shutdown reports
Wyre was set to be acquired for $1.5 billion by San Francisco e-commerce startup Bolt last year, but the deal was eventually scrapped.
FTX customers want more info on FTX's plans to sell subsidiaries
While the Ad Hoc Committee does not want to prevent the sales from occurring, it argued it needs to be involved to ensure that customers' interests are represented.
French central bank governor pushes for crypto licensing ahead of EU laws
The Bank of France’s head said turmoil in the crypto markets proves the need to move to a mandatory licensing scheme for crypto firms "as soon as possible."
Mutant Ape Planet creator arrested in NY for alleged $2.9M NFT 'fraud'
The developer of a Mutant Ape Yacht Club knock-off collection has allegedly “defrauded” investors of $2.9 million and admitted to a rug pull.
Mutant Ape Planet creator arrested in NY for alleged $2.9M NFT 'fraud'
The developer of a Mutant Ape Yacht Club knock-off collection has allegedly “defrauded” investors of $2.9 million and admitted to a rug pull.
Asia Express: China’s NFT market, Moutai metaverse popular but buggy…
After a one-year hiatus, Our Man in Shanghai returns, but he’s no longer based in Shanghai (the crypto crackdown was a factor in the column’s retirement), so a rebranding is in order. This space is now called “Asia Express,” and it’s a weekly roundup of news from mainland China and Taiwan and the rest of Asia too. Check in each Friday for news about Asia’s more influential projects, changes in the regulatory landscape and enterprise blockchain integrations. Much has changed since the last edition on Dec. 17, 2021. Without further ado, let’s dig in.
China’s national NFT market
The countdown to China’s first national NFT marketplace begins. Source: CdexIn a joint effort between the state-owned Chinese Technology Exchange, the state-owned Art Exhibitions China and the corporation Huban Digital Copyrights Ltd, China’s first national NFT marketplace is scheduled to come online this week.
It’s designed as a secondary market for trading digital collectibles, along with copyrights for digital assets. Perhaps unsurprisingly, it’s built on China’s national Wenbao, or “cultural protection” blockchain, which helps verify the authenticity of artifacts and commercial goods. Currently, only the NFT platform’s landing page is accessible.
1,400 blockchain firms in China
On Dec. 29, the state-owned China Academy for Information and Communications Technology, or CAICT, disclosed in its national white paper that over 1,400 blockchain firms are operating in the country despite strict regulations. Together, Chinese and U.S. blockchain firms account for 52% of such entities globally. In one example of distributed ledger applications in public service, CAICT researchers wrote:
“[In the] Zhejiang Provincial blockchain electronic invoice platform, [authorities] used blockchain’s multiple access point and decentralized process capabilities, along with technological highlights such as smart contracts, to improve the trust verification across various departments. This led to the digital circulation of electronic invoices; their issuance, receipt, inspection, reimbursement, and improved the information management level and service capabilities of electronic invoices in financial departments.”
Asia Express: China’s NFT market, Moutai metaverse popular but buggy…
After a one-year hiatus, Our Man in Shanghai returns, but he’s no longer based in Shanghai (the crypto crackdown was a factor in the column’s retirement), so a rebranding is in order. This space is now called “Asia Express,” and it’s a weekly roundup of news from mainland China and Taiwan and the rest of Asia too. Check in each Friday for news about Asia’s more influential projects, changes in the regulatory landscape and enterprise blockchain integrations. Much has changed since the last edition on Dec. 17, 2021. Without further ado, let’s dig in.
China’s national NFT market
The countdown to China’s first national NFT marketplace begins. Source: CdexIn a joint effort between the state-owned Chinese Technology Exchange, the state-owned Art Exhibitions China and the corporation Huban Digital Copyrights Ltd, China’s first national NFT marketplace is scheduled to come online this week.
It’s designed as a secondary market for trading digital collectibles, along with copyrights for digital assets. Perhaps unsurprisingly, it’s built on China’s national Wenbao, or “cultural protection” blockchain, which helps verify the authenticity of artifacts and commercial goods. Currently, only the NFT platform’s landing page is accessible.
1,400 blockchain firms in China
On Dec. 29, the state-owned China Academy for Information and Communications Technology, or CAICT, disclosed in its national white paper that over 1,400 blockchain firms are operating in the country despite strict regulations. Together, Chinese and U.S. blockchain firms account for 52% of such entities globally. In one example of distributed ledger applications in public service, CAICT researchers wrote:
“[In the] Zhejiang Provincial blockchain electronic invoice platform, [authorities] used blockchain’s multiple access point and decentralized process capabilities, along with technological highlights such as smart contracts, to improve the trust verification across various departments. This led to the digital circulation of electronic invoices; their issuance, receipt, inspection, reimbursement, and improved the information management level and service capabilities of electronic invoices in financial departments.”
Asia Express: China’s NFT market, Moutai metaverse popular but buggy…
After a one-year hiatus, Our Man in Shanghai returns, but he’s no longer based in Shanghai (the crypto crackdown was a factor in the column’s retirement), so a rebranding is in order. This space is now called “Asia Express,” and it’s a weekly roundup of news from mainland China and Taiwan and the rest of Asia too. Check in each Friday for news about Asia’s more influential projects, changes in the regulatory landscape and enterprise blockchain integrations. Much has changed since the last edition on Dec. 17, 2021. Without further ado, let’s dig in.
China’s national NFT market
The countdown to China’s first national NFT marketplace begins. Source: CdexIn a joint effort between the state-owned Chinese Technology Exchange, the state-owned Art Exhibitions China and the corporation Huban Digital Copyrights Ltd, China’s first national NFT marketplace is scheduled to come online this week.
It’s designed as a secondary market for trading digital collectibles, along with copyrights for digital assets. Perhaps unsurprisingly, it’s built on China’s national Wenbao, or “cultural protection” blockchain, which helps verify the authenticity of artifacts and commercial goods. Currently, only the NFT platform’s landing page is accessible.
1,400 blockchain firms in China
On Dec. 29, the state-owned China Academy for Information and Communications Technology, or CAICT, disclosed in its national white paper that over 1,400 blockchain firms are operating in the country despite strict regulations. Together, Chinese and U.S. blockchain firms account for 52% of such entities globally. In one example of distributed ledger applications in public service, CAICT researchers wrote:
“[In the] Zhejiang Provincial blockchain electronic invoice platform, [authorities] used blockchain’s multiple access point and decentralized process capabilities, along with technological highlights such as smart contracts, to improve the trust verification across various departments. This led to the digital circulation of electronic invoices; their issuance, receipt, inspection, reimbursement, and improved the information management level and service capabilities of electronic invoices in financial departments.”
US authorities are turning their attention to FTX’s Nishad Singh: Report
FTX’s bankruptcy filings show a $543 million loan to former engineering director Nishad Singh, who was reportedly a part of the secret ‘wirefraud’ chat group.
DeFi security loses rose 47.4% in 2022 to hit $3.64B: Report
Over $1.40 billion worth of stolen DeFi funds were reportedly laundered via Tornado Cash during that period.
US authorities to intensify scrutiny of crypto industry in 2023
The SEC, FASB, and IRS are working to tighten crypto regulations and expand industry oversight.