How the Bank of Japan wrecked the yen carry trade — and crypto markets

After another jump in the price of major cryptocurrencies at the end of 2020, crypto enthusiasts began to mine, sell and buy currencies with renewed vigor — which means that nowadays, the topic of custodying cryptocurrencies is more relevant than ever. But unlike the past bullish waves, this time many users are also concerned with…

The National Unity Government is considering using the country’s frozen reserves as a backing for the digital currency. 550 Total views 29 Total shares Half a year after the military junta in Myanmar revealed its plans to launch a digital currency, the country’s government, ousted in a coup in 2021, voiced its own intention to…

Binance responded to the letter saying that they take compliance seriously and are looking to secure licenses in the country. 196 Total views 29 Total shares Local think tank Infrawatch PH has sent a letter to the Philippines' Department of Trade and Industry (DTI), urging the government agency to launch an investigation against crypto exchange…

Binance — the second-largest crypto exchange by daily trade volume — has announced support for Tezos (XTZ) staking, according to an announcement published on Dec. 3.Starting on Dec. 4, Binance’s users will be able to trade with XTZ, with XTZ rewards to be calculated daily based on live snapshots and distributed monthly. The distribution is…

The funding round had backing from some of crypto’s biggest venture funds, which continue to bet big on the future of DeFi. 538 Total views 10 Total shares Decentralized exchange aggregator 1inch Network has concluded a sizable Series B investment round, raising $175 million as part of a broader effort to expand protocol utility and…

Gemini Earn creditors are fuming over a proposed reorganization plan that could see their promised Bitcoin (BTC) payouts effectively slashed to about 30% of what they’re worth at current market rates. In an X post, Gemini Trust revealed it sent creditors an email on Dec. 13 outlining the proposed plan, which has now been put

Terra’s co-founder continues his adventures, writing code in his living room, posting on Twitter and hiding from Interpol all at once. 77 Total views 9 Total shares Terra co-founder Do Kwon, wanted by South Korean authorities, seems to live in a digital-era James Bond movie. The businessman, whose whereabouts are currently unknown, reacted via Twitter…

NFT artist Johnathan Schultz believes that the era of NFTs without utility is dwindling, and to survive, it must outgrow the “memeification” of things. 816 Total views 5 Total shares Even before the FTX collapse, nonfungible token (NFT) collections have already felt the impact of the crypto winter, with trading volumes going down by 98%.…

The editorial board has drawn attention to a two-pronged approach employed by SEC's Gensler which makes it practically impossible to get a spot Bitcoin product approved. 245 Total views 16 Total shares The Wall Street Journal Editorial Board has come out swinging against Gary Gensler’s “legendary” resistance to approving a spot Bitcoin exchange-traded fund (ETF). The…