Uzbekistan warms up to Bitcoin mining, but there’s a catch
The executive order spares all the mined assets from taxation and bans mining anonymous currencies.
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Market selling might ease, but traders are on the sidelines until BTC confirms $20K as support
BTC and altcoins could continue to see selling, but a positive is that traders took shelter in stablecoins instead of completely exiting the crypto market.
Samsung Asset Management to launch blockchain ETF in Hong Kong
Samsung Asset Management acquired a 20% equity stake in the U.S. ETF provider Amplify Holding Company in March 2022.
Half of Asia’s affluent investors have crypto in their portfolio: Report
This figure is expected to further balloon to 73% by the end of 2022, according to research from Accenture.
Bitcoin’s recent gains have traders calling a bottom, but various metrics remain bearish
The total crypto market capitalization recovered roughly 5%, but a variety of trading metrics show investors are skeptical about the rally being a trend change.
Altcoin prices briefly rebounded, but derivatives metrics predict worsening conditions
Declining demand for Tether and negative futures premiums for altcoins reflect a growing disinterest from crypto investors.
Indian government’s ‘blockchain not crypto’ stance highlights lack of understanding
India’s “blockchain, not crypto” stance has led to disastrous crypto policies, forcing several thriving crypto firms to relocate.
Bitcoin and Ethereum had a rough week, but derivatives data reveals a silver lining
BTC, ETH and altcoin prices were crushed this week, but the futures funding rate shows retail traders are not ready to become permabears.
Brain drain: India’s crypto tax forces budding crypto projects to move
Several Indian cryptocurrency projects are planning to move their bases to more crypto-friendly jurisdictions.
HSBC debuts metaverse investment fund in Asia: Report
Once known as a skeptical institution of crypto, HSBC originally announced its first major move into metaverse in mid-March.