TokenPost reporter
Mark Jason Alcala
Stories by Mark Jason Alcala
- Bitcoin (BTC) could go as high as $600K as crypto becomes more important in the global economy, says Scott Minerd
Crypto investors are back to being bullish in Bitcoin once more as BTC recovered from its recent correction and rose to $37,460 at the time of writing based on data from Coinmarketcap. However, the chief investment of…
· Insights & Views
- First tokenized asset under new blockchain law launched in Switzerland
Sygnum Bank and Fine Wine Capital AG have issued the first tokenized asset under the new Swiss DLT law, the “Fine Wine” token.
· Business
- India might opt for crypto regulation instead of a total ban
Minister of State of Finance Anurag Singh Thakur clarified the government's stance on cryptocurrencies.
· Regulation
- Crypto investors must limit their investment as Bitcoin and other cryptocurrencies could go the way of MySpace, says UBS Wealth
UBS Global Wealth Management says it's possible for the prices of Bitcoin and other cryptos to slide to zero.
· Insights & Views
- Elon Musk expresses support for Bitcoin and predicts BTC will soon gain broader acceptance
Musk expects Bitcoin to gain acceptance among the financial community.
· Insights & Views
- Bitcoin and other cryptos are not currencies as they lack a stable store of value, says UBS economist
UBS Global Wealth Management chief economist Paul Donovan said that, unlike fiat currencies, cryptocurrencies lack the mechanism to balance supply and demand.
· Insights & Views
- Bitcoin (BTC) investment helps MicroStrategy stock to more than double in price since December’s downgrade
Microstrategy shares rose by 118 percent since it was downgraded by Citigroup from Neutral to Sell on December 8.
· Business
- Visa plans to enable crypto trading on its network
Visa will be partnering with various crypto service providers such as wallets and exchanges to allow cryptocurrency trading on its network.
· Business
- India’s plan to ban Bitcoin (BTC) and other private cryptos worries investors
India's Parliament will be considered a proposed bill that seeks to prohibit "private cryptocurrencies" in its next budget session.
· Regulation
- A number of central banks will likely issue CBDCs in the next three years, says BIS survey
The Bank of International Settlements surveyed 60 central banks on their CBDC projects.
· Technology
- Crypto-related crime fell to 0.34% of trading volume in 2020 from 2% in 2019
Losses from crypto fraud, theft, and hacks fell to $1.9 billion in 2020 compared to the $4.5 billion in losses posted in 2019.
· Technology
- Bitcoin (BTC) ETF will only get approval once crypto’s market cap reaches $2T, says Ark Investment CEO
The SEC is not likely to approve a Bitcoin EFT until the crypto's market cap reaches $2 trillion.
· Insights & Views
- The Philippines expands crypto regulation coverage for virtual asset service providers
The Philippine central bank has released new guidelines for the country's crypto industry.
· Regulation
- Yantai Ferry ready to launch blockchain-based LC Issuance platform – Sea Road Chain
Yantai Ferry is enhancing its payments and collections system by implementing a blockchain-based platform.
· Business
- South Korean crypto fintech firm raises $25M in a funding round co-led by Galaxy Digital
Terraform Labs will use the proceeds to fund its international expansion plans and enhance its product line.
· Technology
- Ether (ETH) gaining popularity among institutional crypto investors
A growing number of institutional crypto investors are taking positions in ETH.
· Investing
- Harvard, other university endowment funds have been buying Bitcoin (BTC) for the past year
A new report revealed that some of the largest university endowment funds in the U.S. have invested in Bitcoin.
· Investing
- Software firm offers Bitcoin (BTC), Ether (ETH), and Bitcoin Cash (BCH) as part of employees’ compensation package
The crypto market’s rally saw Bitcoin (BTC) and Ether (ETH) set their respective all-time highs this month. With crypto’s attractively high prices at the moment, some companies are now giving their employees the optio…
· Business
- 43% of crypto trading comes from Asia, says Messari report
Home to more than half of the world's total population, Asia is also the leading region when it comes to crypto trading.
· Insights & Views
- IATA tests blockchain-based passports that store health data such as COVID-19 tests and vaccination status
The IATA Travel Pass, which stores a passenger's health details on the blockchain, will start its testing phase in February.
· Technology
- Customer data of hacked crypto exchange BuyUCoin leaked online
The leak might have affected as many as 325,000 users of the crypto exchange.
· Technology
- UBS publishes Bitcoin (BTC) investing guidance
UBS answered some important on Bitcoin and cryptocurrency investing in a recently released guidance.
· Insights & Views
- Many institutional crypto investors still believe Bitcoin (BTC) could rise above $100K
Despite its correction, a lot of institutional investors still believe BTC could rise to $100K.
· Investing
- Korea-China JV Yantai Ferry Co., Ltd. adopts Blockchain-based LC Issuance Platform
Korea-China JV Yantai Ferry is getting ready to integrate blockchain technology into its operations.
· Business
- 30 suspects in 2018 hack of crypto exchange Coincheck arrested in Japan
The suspects exchanged stolen NEM tokens for other cryptocurrencies on a dark website.
· Regulation
- Crypto adoption rising even among older age group says survey
A recent study shows that older generations recognize the potential of cryptocurrency and blockchain technology.
· Insights & Views
- Bitcoin (BTC) could slide back down to $20K level, says Guggenheim CIO
Guggenheim's CIO believes that Bitcoin is about to undergo a significant price pullback.
· Investing
- Crypto trader loses HK$3.5 million to robbers who demanded the money at knifepoint
A female crypto trader in Hong Kong lost money when a man she was supposed to meet for a crypto deal robbed her.
· Investing
- ENJ becomes the first gaming crypto to get regulatory approval in Japan
The Enjin Coin will be listed on the crypto exchange Coincheck on January 26, 2021.
· Business
- Crypto market reaching $2T could encourage more institutional participation
The total crypto market capitalization just reached $1 trillion early this month when Bitcoin's price soared past $37,000.
· Investing
- Bitcoin (BTC) still at the foothills of institutional adoption, says British fund manager
British investment firm Ruffer believes that institutional adoption of Bitcoin is just getting started.
· Business
- U.K. hospitals use blockchain technology to track and monitor COVID-19 vaccines
Blockchain technology is now being used in the deployment of COVID-19 vaccines in the U.K.
· Technology
- BlackRock prepares entry into crypto with 2 funds set to invest in Bitcoin (BTC) futures
BlackRock, Inc., the world's largest asset manager with more than $7.8 trillion in AUM, is getting ready to invest in Bitcoin.
· Investing
- Ether (ETH) could soar to $10,500 with DeFi’s explosive growth on the Ethereum platform
A strategist believes that Ether's (ETH) rally is far from over and that the crypto could rise to $10,500.
· Insights & Views
- Bitcoin (BTC) can become an alternative reserve currency but crypto won’t replace the dollar, says former Canadian PM
Bitcoin could potentially become one of the alternative reserve currencies in the future.
· Insights & Views
- South Korean fintech firm introduces Bitcoin ‘fear and greed’ index
Dunamu, the operator of the South Korean crypto exchange Upbit, has developed a new tool to help investors make better decisions.
· Investing
- Ether (ETH) sets new all-time high as crypto almost doubles its price in less than a month
Ether smashes the previous record set in January 2018.
· Investing
- 45,000 Bitcoin mining rigs seized in Iran for unauthorized usage of subsidized electricity
Iranian authorities have targeted illegal crypto mining activities after the country's major cities experienced power outages.
· Regulation
- Current Bitcoin (BTC) price still in the 'low end' of bull cycle, says researcher
Bitcoin's thermocap multiple suggests that crypto's price still has room to move upward.
· Insights & Views
- Bitcoin business could add $2B to PayPal’s revenue by 2023
PayPal's Bitcoin business could boost its revenue with the expected rise of the usage of the crypto feature of its app.
· Business