With each passing week, East Asia witnesses significant developments that shape the region’s technology and financial landscape. In this article, we will delve into four notable events that occurred recently. These events include the imposition of hefty fines for VPN usage, the airdropping of digital currency to boost local spending, the collapse of a cryptocurrency
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Renowned venture capitalist Tim Draper is no stranger to making bold predictions in the cryptocurrency industry. However, his track record in the past has not been flawless. Draper’s claim that Bitcoin would reach $250,000 by 2022 was proven wrong, as the digital currency failed to reach that mark. Despite this setback, Draper remains optimistic about
Bitcoin (BTC) has been experiencing a period of price weakness following the recent decision by the United States Federal Reserve to keep interest rates unchanged. Additionally, the correlation between Bitcoin and the U.S. Dollar Index has reached its lowest point since September 2022, indicating an increasingly inverse relationship. However, there are also hopeful indicators, such
The recent Token2049 conference held in Singapore was meant to be an exciting event for the cryptocurrency industry in East Asia. However, for some attendees, it turned into a nightmare. Troubled cryptocurrency exchange JPEX found itself in the midst of a scandal that led to arrests and chaos at the conference. Local news outlets reported
One of the largest crypto conferences in East Asia, Token 2049, was held in Singapore and gathered a remarkable number of industry professionals. With 10,000 attendees, 300 speakers, and 5,000 companies, the event hosted a wide range of discussions and showcased the latest innovations in the blockchain industry. Notably, Kasikornbank’s subsidiary, KXVC, made a significant
The cryptocurrency market experienced significant growth over the past 24 hours, with traders eagerly awaiting the latest U.S. inflation data and anticipating no monetary policy action. The combined market capitalization of cryptocurrencies reached a staggering $1.035 trillion, representing a 1.58% increase. Major cryptocurrencies like Bitcoin, Ether, and Solana all contributed to this surge. Positive Reaction
Ethereum’s native token, Ether (ETH), experienced a significant recovery on September 12th, surging by more than 4.5% to reach a price of $1,622. This rebound came after the cryptocurrency had fallen to its lowest level in six months just the day before. The resurgence in ETH price was largely attributed to the diminishing concerns surrounding
In the world of cryptocurrencies, Kei Oda stands out as a fascinating figure. With his years of experience as a bond trader at Goldman Sachs, Oda’s foray into the crypto space was an unexpected twist. He stumbled upon Bitcoin and other digital assets as a means to alleviate his boredom, being drawn to the idea
In recent months, several alarming cases of mysterious deaths connected to the world of cryptocurrency have come to light. These incidents include brutal murders, suicides, and even helicopter crashes. While each case may appear isolated, there is a growing belief that these deaths are not mere coincidences but rather connected to the rise of organized
In the world of cryptocurrencies, the rise of memecoins has captured the attention of many investors. However, with the growing popularity of these coins comes a darker side. Crypto Twitter has become a breeding ground for hostility and aggression, with death threats being sent to those who dare to voice their opinions. One individual who
