TokenPost reporter
Marthon Guanzon
Reporter
Stories by Marthon Guanzon
- CBDC Anti-Surveillance State Act Advances as House Financial Services Committee Gives Approval
The CBDC Anti-Surveillance State Act, aiming to limit a Federal Reserve-issued digital currency, progresses to a congressional vote following committee approval.
· Regulation
- Busan City in South Korea Aims to Transform into a Leading Blockchain Hub with a $75 Million Investment
Busan outlines plans for a cohesive public blockchain network, securing its position as a global blockchain pioneer.
· Investing
- Proposal to Revamp Bitcoin Ordinals Numbering System Sparks Debate in Crypto Community
Casey Rodarmor suggests revamping Bitcoin Ordinals' numbering system, aiming to simplify the codebase despite mixed community reactions.
· Investing
- Binance CEO Disputes Media Coverage of $250 Million Transaction Amid Ongoing SEC Lawsuit
Binance's CEO, Changpeng Zhao, refutes a report regarding a $250 million loan, stating he loaned the money to BAM Management, not vice versa.
· People
- Anticipation Abounds as Federal Reserve Keeps Rates Steady – Impact on Cryptocurrency Market Awaited
The crypto market awaits the U.S. Federal Reserve's decision on interest rates, with potential impacts on Bitcoin's price and trading environment.
· Investing
- South Korea's Foreign Holdings Dominated by Cryptocurrency, Tax Agency Reveals
South Korea's National Tax Service reports cryptocurrency dominates overseas assets, with heavy scrutiny on unreported foreign accounts.
· Investing
- Grayscale Forgoes Ethereum Tokens Post-Merge, Pursues ETH Futures Exchange-Traded Fund
Grayscale forgoes rights to post-Merge Ethereum PoW tokens due to lack of liquidity and custodian support.
· Business
- Stanford University to Return $5.5 Million in Donations from Defunct FTX Amidst Legal Controversy
Stanford University decides to return all donations from the defunct cryptocurrency exchange FTX amidst allegations and lawsuits.
· Insights & Views
- Bitcoin Hodlers on the Rise: Data Reveals Growing Hesitancy to Part with Digital Gold
Emerging trends show Bitcoin holders are retaining assets, with exchange holdings declining and untouched supplies peaking.
· Investing
- Calls for Global Crypto Regulation Grow Louder Amid European Union's MiCA Framework Approval
Europe lauds EU's crypto efforts while emphasizing the pressing need for global regulations.
· Investing
- Thailand Expands Taxation to Include Foreign Earnings, Including Cryptocurrency Profits
Thailand will tax foreign incomes, including crypto profits, for residents staying over 180 days, starting 2024.
· Regulation
- UK Nears Milestone in Cryptocurrency Regulation as Economic Crime and Corporate Transparency Bill Approaches Final Approval
The UK is close to finalizing a bill targeting crypto-related financial crimes and emphasizing corporate transparency.
· Regulation
- Federal Reserve Records $100 Billion Loss, Projected To Rise
The Federal Reserve announced a $100 billion loss for 2023, with projections showing a potential increase.
· Investing
- Judge Recommends Collaboration Between SEC and Binance.US Over Documents and Testimonies
The judge suggests SEC and Binance.US cooperate over document requests, emphasizing asset security and tighter compliance.
· Regulation
- Cryptocurrency Lender Hodlnaut Rejects OPNX's Buyout Amid Falling Token Value
Hodlnaut declined a buyout bid from OPNX due to concerns over falling Flex token values and lack of tangible assets in the offer.
· Business
- Tether Approves $1 Billion USDT Boost for Tron Network's Liquidity
Tether authorizes $1 billion USDT for Tron network liquidity while USDC market cap falls in 2023.
· Investing
- JPEX Crypto Exchange Faces Troubles over Regulatory Concerns and High Fees
JPEX, a Dubai-based crypto exchange, faces regulatory issues in Hong Kong, leading to service changes and concerns over high fees.
· Regulation
- U.S. Senators Rally Behind Senator Warren's Digital Money Oversight Bill
The Digital Asset Anti-Money Laundering Act garners increasing support from U.S. Senators and organizations, emphasizing enhanced regulations on digital currencies.
· Regulation
- Legislation Progresses to Limit Central Bank Digital Currency in the United States
The U.S. House committee advances legislation potentially blocking the creation and deployment of a central bank digital currency.
· Regulation
- Bitcoin Holds Steady Above $26,000; Rally Could Break the September Slump
Bitcoin's stability above $26,000 suggests potential to break September's typical downturn, influenced by altcoin trends and Federal Reserve actions.
· Investing
- Google Cloud's Web3 Lead Urges Focus on Real Business Issues Over Token Prices
James Tromans from Google Cloud suggests prioritizing tangible business solutions via smart contracts over mere token speculation in the crypto sector.
· Business
- South Korean Authorities Keep a Close Eye on Unregulated Crypto Trades
South Korean financial officials escalate monitoring of unregulated OTC crypto trades over criminal activity concerns.
· Regulation
- Kazakhstan's National Bank Sets Up New Division for CBDC Rollout
Kazakhstan's National Bank creates NPC to oversee digital currency initiatives, partnering with global crypto exchange, Binance, for its digital tenge project.
· Regulation
- Hong Kong Central Bank Alerts on Crypto Firms Posing as Licensed Banks
Hong Kong's central bank warns against crypto companies imitating licensed banks. Recent regulatory actions highlight tightening financial oversight in the region.
· Regulation
- DeFi Market Struggles in August with Dips in Activity and Volume
The DeFi market witnessed a downturn in August, with exchange volumes, values, and specific tokens experiencing declines, but also showcased resilience in certain sectors.
· Investing
- Magic Eden Embraces Cost-Effective CNFTs for Digital Collectibles Expansion
Magic Eden supports Solana's cNFTs offering scalable and affordable options for mass-produced digital art and collections.
· Investing
- PolkaWorld Suspends Operations after Polkadot's Treasury Denies Funding Request
PolkaWorld stops its functions due to Polkadot's treasury's denial of funds; concerns over OpenGov system are raised.
· Business
- Mark Cuban's Crypto Assets Targeted in Cyberattack, Blockchain Detective Unravels the Scene
Mark Cuban faced a cyberattack, with nearly $900,000 in crypto assets being taken. Blockchain expert Wazz provided insights into the mysterious transaction.
· Investing
- NFL's Lawrence and YouTubers Paffrath and Nash Reach Settlement Over Cryptocurrency Scandal
Prominent figures, including Trevor Lawrence and YouTube influencers, settled a lawsuit over undisclosed promotions for the former cryptocurrency platform FTX.
· People
- Coinbase's Base Network Surges to Break Its Own Daily Transaction Record
Coinbase's Base Network sets a new daily transaction record, surpassing previous highs. However, it remains behind major chains like Polygon and BSC.
· Investing
- SEC Charges NFT Firm, Stoner Cats, Stirring Mixed Reactions from Commissioners
The SEC charged Stoner Cats 2 LLC over NFT offerings, resulting in mixed internal and external reactions.
· Regulation
- Southeast Asia's Grab Teams Up with Circle to Launch Web3 Services in Singapore
Grab collaborates with Circle, introducing Web3 services in Singapore, targeting blockchain adaptation and NFT voucher usage.
· Business
- Coinbase Chief Suggests DeFi Protocols Engage with Courts for Clearer Guidelines
Coinbase's CEO Brian Armstrong advocates for DeFi protocols to consult courts for clearer regulations, amid CFTC’s actions against multiple DeFi entities.
· Investing
- Sui Network Streamlines Blockchain Sign-In Using Popular Social Media Accounts
Sui Network introduces a user-friendly sign-in process for its apps using familiar social media details, aiming to boost blockchain technology adoption and ease-of-use.
· Investing
- Singapore Bank Sanctions Crypto Fund Founders Over Regulatory Breaches
Two founders of 3AC face a nine-year ban by Singapore's bank for breaching securities regulations.
· Business
- Karpelès Reflects on Jail Time and Calculations as Bankman-Fried Seeks Prison Release
Former Mt. Gox CEO, Mark Karpelès shares jail experiences amid ex-FTX CEO Sam Bankman-Fried's release efforts due to poor internet.
· People
- Paxos Admits to Overpaying Bitcoin Transfer Fee, Denies PayPal Connection
Paxos mistakenly overpays $500,000 for Bitcoin transfer, clears up rumors linking the error to PayPal.
· Business
- OneCoin Co-founder Greenwood Handed 20-Year Sentence, Ignatova Remains Elusive
Karl Greenwood, OneCoin's co-founder, is sentenced to 20 years and owes $300 million. Partner Ruja Ignatova remains uncaptured.
· People
- Central Banks of Hong Kong and Israel Collaborate on CBDC Project
Central banks and fintech partners develop a retail digital currency, blending cash and digital features, emphasizing accessibility and security.
· Regulation
- Lawmakers Revive Bill to Limit Central Bank Digital Currency Over Privacy Concerns
Lawmakers reintroduce legislation to prevent central bank digital currency, citing concerns over Americans' financial privacy.
· Regulation