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Retail Asia09/10/2022

Binance has been hit with a hack that resulted in the theft of around $100 million of tokens issued by the crypto giant. $100 to $110 million of Binance Coin has been stolen, according to a spokesperson for Binance-backed BNB Chain. This is likely due to a hack involving the bridge, BSC Token Hub, which […]

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Retail Asia23/09/2022

Vietnam is the second biggest cryptocurrency market in ASEAN behind Thailand with a transaction value exceeding $100 million a year, a new report has found. It was followed by Singapore, the Philippines, and Indonesia, according to a report by cryptocurrency data provider Chainalysis. Vietnam, along with Thailand and the Philippines, also record high web traffic […]

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Retail Asia19/09/2022

Vietnamese crypto miners say they have suffered heavy losses with their mining rigs turning useless after Ethereum, the second-largest cryptocurrency, completed its switch to a more energy-efficient framework. “Goodbye Ethereum”, “no more chances” and “sell off rigs” have become the most used keywords on online groups of Vietnamese crypto miners after Ethereum successfully changed its […]

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Retail Asia08/09/2022

The crypto world is holding its breath as Ethereum’s upgrade nears and no one knows what the consequences will be. Dominik Spicher from 21 Analytics said which Swiss platform is likely to benefit the most from the switch. Any day now starting this Saturday, Ethereum will change the way it verifies transactions on its system in […]

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Retail Asia29/08/2022

The Monetary Authority Singapore is reeling back on retail access to cryptocurrencies with the latest consideration for more curbs. The MAS is considering tightening crypto rules for retail investors by «adding friction» to mass access, according to managing director Ravi Menon in a speech published online. This includes the possible addition of suitability tests as […]

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Retail Asia12/08/2022

As cryptocurrencies were booming, the number of cryptocurrency ATMs grew accordingly. Now that Bitcoin & Co are trading well below last year’s highs, the pace of installations is waning. There are currently around 39,000 cryptocurrency ATMs installed worldwide, corresponding to a nearly 4,000 percent increase since 2017. But since the beginning of 2022, installation rates […]

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Retail Asia12/08/2022

Japan’s cryptocurrency industry is undergoing a wave of exits to friendlier markets due to the high corporate tax rate. At least 20 firms are choosing to establish their crypto business elsewhere and leave Japan, said Sota Watanabe, chief executive of digital infrastructure developer Stake Technologies, in an interview with Bloomberg. Crypto firms have been exiting Japan in […]

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Retail Asia02/08/2022

Some stores accept payment in cryptocurrency Pi but only partially and require buyers to pay mainly in cash. “I saw a post selling a used iPhone 11 and thought I could buy it with a dozen Pi tokens,” Thanh Son of HCMC said. But it turned out he could only pay 10 percent with Pi […]

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Retail Asia27/06/2022

Many investors are buying Bitcoin after the cryptocurrency’s price fell to US$20,000, its lowest level since December 2020. Thanh Binh of HCMC says he turned off notifications on his crypto trading app after buying it at $38,000 and losing over VND40 million ($1,720). But he has returned and bought a 10th of a token after […]

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Retail Asia24/06/2022

People are rushing to mine cryptocurrency Pi prompted by news of new developments including an open mainnet launch. Open mainnet, which is said to allow users to trade the token for other cryptocurrencies, “will begin on 2022 Pi Day (14/3) or Pi2 Day (28/6)” depending on “the maturity of the Enclosed Network economy and the […]

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Retail Asia24/06/2022

Zurigg-based crypto lender Nexo is looking to take advantage of the consolidation in the crypto world. With help from a US bank, it sees itself as financially well equipped to take over the assets of struggling competitors. In what is increasingly looking like a repeat of the consolidation of companies following the burst of the […]

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Retail Asia13/06/2022

The ‘revived’ Luna cryptocurrency has dashed many investors’ hopes by falling to an all-time low. Hoang Anh, a marketer in Hanoi, said he owns both the new and old versions of Terra’s cryptocurrency, Luna and Lunc, or Luna Classic. He had viewed Lunc, whose market cap has fallen to less than a billion dollars from […]

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Retail Asia30/05/2022

Hai Hoang was invited to join a ‘make love to make money’ project, a copy of the increasingly popular ‘move to earn’ crypto trend. The Da Nang office worker said he is curious to know how the app works, but members rarely talk about it, mainly discussing the token price. It is one of the […]

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Retail Asia24/05/2022

Cryptominers are powering down operations, even selling equipment, as cryptocurrency prices continue to plummet. Nguyen Binh, a cryptominer in the southern Dong Nai Province, said his rigs can mine almost one Ethereum (around $2,000) a month, but hardly breaks even. “Electricity bills have taken away half of what I earned. With depreciation and operation and […]

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Retail Asia23/05/2022

This month’s crypto crash is unlikely to keep graduates, drawn to blockchain, from continuing their careers in crypto. With top-notch master’s degrees in banking and finance from the University of St Gallen, Markus Geissler (27) and Bastian Wetzel (26) would be prime catches for a bank or financial institution. However, they rejected offers from major financial establishments, each joining a […]

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Retail Asia17/05/2022

As bad as losing money in the current market for cryptocurrencies might be, losing them altogether would be even worse. By some estimates, some 20 percent of all bitcoin has been lost for various reasons, including theft, forgotten passwords, or wiping out a hard drive, leading to a loss in value of well over $100 billion. […]

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Retail Asia24/03/2022

FIFA announces the world’s fastest-growing cryptocurrency platform as a sponsorship partner of this year’s World Cup soccer tournament held in Qatar. Crypto.com will be the exclusive cryptocurrency trading platform sponsor of World Cup Qatar 2022, the Federation Internationale de Football Association (FIFA) announced Tuesday in Zurich, expanding its reach in global sports. The sponsorship includes opportunities for […]

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Retail Asia21/03/2022

It has long been clear to aficionados that crytptocurrencies are a new asset class belonging in portfolios as an inflation hedge. The Swiss National Bank can benefit from this, an industry expert explains. The Swiss National Bank has a number of extremely large investments in equities and other instruments, which it has used to counter […]

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Retail Asia14/02/2022

Cryptocurrency player Binance is going old school, making a $200 million investment in media brand Forbes via a SPAC investment. Forbes is set to go public by the end of the first quarter via an acquisition by Magnum Opus Acquisition Ltd., which is a special purpose acquisition company (SPAC) already listed on the New York […]

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Retail Asia13/01/2022

Seba is raising nearly $120 million, in a bid to fuel its expansion outside of Switzerland. Zug-based Seba raised 110 million Swiss francs ($118 million) from a host of new and existing investors, it said in a statement on Wednesday. The round was significantly oversubscribed, with demand far exceeding the initial funding target, the fledgling bank said. […]

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