Binance Japan is partnering with Mitsubishi UFJ Trust Bank (MUTB) to create new stablecoins pegged to major currencies in Japan. The partnership will launch stablecoins pegged to fiat currencies, such as the Japanese Yen, and other foreign currencies, such as the U.S. Dollar. The stablecoins will be built on Progmat…

Taiwan’s Financial Supervisory Commission (FSC) is moving to improve protections for cryptocurrency investors by introducing new rules. The FSC has formulated the key points of regulating the cryptocurrency market in Taiwan, releasing on Sept. 26 a set of industry guidelines for virtual asset service providers (VASP) operating in the country.…

What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! ???? You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t…

Bitcoin (BTC) exchanges have seen trading volume collapse as traders deal with constant macroeconomic uncertainty. According to new research from on-chain analytics platform CryptoQuant published on Sept. 25, daily BTC volumes are at lows rarely seen since 2018. Fed keeps Bitcoin investors wary of “possible recession” Bitcoin price action has…

Quick Take Recent data analysis reveals that Bitcoin whales, owning 10,000 BTC or more, have transitioned from a brief period of accumulation to a phase of distribution. This change in behavior marks a significant shift as these whales are instrumental in influencing market trends. Notably, the accumulated Bitcoin was reportedly…

The lawyer representing Sam Bankman-Fried (SBF) in his upcoming case against the United States Department of Justice submitted a renewed request for his temporary release from jail in order to prepare for the trial. On Sept. 25, Mark Cohen requested that Judge Lewis Kaplan, who is presiding over the case,…

As the decentralization of finance continues to steer the course of modern financial systems, the interplay between traditional bank savings and web-based liquid staking is something most may not fully comprehend. Let’s break the topic down using the ‘Explain Like I’m 5’ (ELI5) concept. ELI5: Liquid Staking in Web3 Imagine…

As Taiwan regulators prepare to lay out a crypto regulation framework in September, Taiwan’s digital asset platforms have announced the establishment of an industry association.  MaiCoin Group, BitoGroup and Ace Exchange became the first three founders of the Taiwan Virtual Asset Platform and Transaction Business Association. The preparatory group for the…

Recently leaked documents reveal that tech giant Microsoft plans to integrate cryptocurrency wallets into its Xbox gaming console. The leaked internal documents posted on the gaming forum ResetEra show that the Xbox roadmap for May 2022 included crypto wallet support. However, specifics about this planned integration were not shown. Phil…

Hours after the crypto exchange HTX (rebranded from Huobi) reported a hack that resulted in a loss of $8 million, Changpeng ‘CZ’ Zhao offered the help of the Binance security team in investigating the attack.  Timely intervention is key to tracking down and retrieving stolen cryptocurrencies as hackers attempt to…