Potential Impact on South Korean Crypto Industry

Potential Impact on South Korean Crypto Industry

The number one and two crypto assets by market capitalisation are currently trading at a large premium across South Korean exchanges. Bitcoin is selling close to $800 more than the rest of the world and Ether at around $20 higher. Normally, when such a premium appears, traders are quick to arbitrage out the price difference. This may be taking longer than usual, […]

Singapore Central Bank: Concerns Over Facebook’s Libra ‘Not Trivial’

Singapore Central Bank: Concerns Over Facebook’s Libra ‘Not Trivial’

Singapore’s central bank has held discussions with Facebook about its upcoming libra cryptocurrency, Bloomberg reported on June 27. The Monetary Authority of Singapore (MAS) has held discussions with Facebook Inc about its plans for a new cryptocurrency, though the regulator still sees significant obstacles in the way of the social media firm’s project. Despite the potential benefits of Libra, concerns raised about the way it would […]

Bitwise to Launch Another Crypto Exchange-Traded Product

Bitwise to Launch Another Crypto Exchange-Traded Product

Another  multi-crypto-based exchange-traded product (ETP), according to a press release on June 26. Bitwise’s index calculation subsidiary, Bitwise Index Services, has licensed “The Bitwise 10 Select Large Cap Crypto Index” to Amun AG to bring a diversified crypto ETP, the announcement says. The index will act as the benchmark index for an ETP product called “Amun Bitwise Select 10 Large Cap Crypto […]

TRON Foundation Announces $20 Million Buyback Plan

TRON Foundation Announces $20 Million Buyback Plan

The Tron Foundation has announced a $20 million buyback plan which was published on June 25 in a blog post. The buyback is purportedly part of an initiative to bolster community activity and market stability. The company is going to conduct the largest tron (TRX) token buyback plan so far with the widest coverage in the secondary market, the post reads. The buyback […]