Bhutan’s $750M revenue from Bitcoin mining sets model for developing nations
Bhutan’s experience with mining Bitcoin could serve as a powerful example for other developing nations that seek to improve their economies. Go to Source
Asia
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HashKey and Kaia partner to boost Web3 adoption in Asia
HashKey Group and Kaia collaborate post-rebrand to accelerate Web3 adoption, coinciding with Kaia-Finschia merger and new mainnet launch. Go to Source
WazirX announces INR withdrawals will resume on Aug. 26
The crypto exchange did not provide a timeline on when crypto withdrawals might resume, citing legal issues. Go to Source
$235M WazirX exchange hack has implications for India’s crypto industry
North Korean hackers are suspected to be involved in the $235 million hack of Indian cryptocurrency exchange WazirX. Go to Source
Hong Kong to launch Asia’s first inverse Bitcoin ETF
CSOP’s new inverse Bitcoin ETF aims to profit from BTC price declines following their successful 2022 launch of the firm’s Bitcoin Futures ETF. Go to Source
TSMC becomes first Asian company to reach $1T as AI demand surges
The company is now worth more than Broadcom and closing in on Meta. Go to Source
Bitcoin L2s help crypto miners in Asia supplement income with staking
Bitcoin L2s remain crucial to the Asian crypto ecosystem, offering miners new revenue streams after the most recent halving. Go to Source
Asian Currencies Hit 19-Month Low: Devere CEO Predicts Continued Weakness
Asian currencies have reached their lowest levels in over 19 months as the U.S. dollar strengthens, driven by expectations of prolonged elevated U.S. interest rates. The Bloomberg Asia Dollar Index fell by 0.1% on Thursday, marking its lowest point since November 2022. Significant declines in the Philippine peso, Indian rupee, and South Korean won are … Read more
Taiwan establishes association to help crypto firms self regulate
The association was formed after the country’s Justice Ministry proposed AML amendments for crypto firms that could result in penalties, including up to two years in prison. Go to Source
Philippines SEC begins Binance ban countdown
The head of the Philippines SEC clarified that Binance and any other unregistered exchange issued with an advisory has three months before they’re banned from the country. Go to Source