Cryptocurrencies

UK regulation of cryptoassets to start in October 2027, finance ministry says

Britain has said that it would collaborate with the US on the best approach to digital assets through a “transatlantic task force”

Tokenisation is the process of creating a digital version of an asset.

Pakistan to allow Binance to explore ‘tokenisation’ of up to US$2 billion of assets

The move comes as other countries expand formal licensing rules for crypto exchanges amid broader global regulatory tightening

Tether, which already has an 11.5% stake in Juventus, says that it “has submitted a binding all-cash proposal to Exor to acquire its entire stake”.

Crypto firm Tether bids for Juventus, is quickly rebuffed

The cryptocurrency firm controls USDT, a popular stablecoin

On Nov 18, Malaysia’s national power provider revealed that more than US$1.1 billion of electricity had been stolen by crypto miners between 2020 and August this year.
BT EXPLAINS

From stealing electricity to heat shielding: Why some go to great lengths to mine Bitcoin

In spite of its price swings, the digital currency remains attractive enough for some miners to break the law to obtain it

Stablecoins operating on newer blockchains – such as Tether – are optimised for speed and throughput, but the transaction-processing capacity of blockchain-based technologies will always be subject to constraints.

Who’s afraid of stablecoins?

Ignore the hype – retailers and wholesalers cannot rely on this digital currency

The crash of Do Kwon’s Terra cryptocurrency caused billions of dollars in losses and triggered a cascade of crises in the crypto market.

TerraUSD creator Do Kwon sentenced to 15 years over US$40 billion crypto collapse

Kwon pleaded guilty in August to two counts, conspiracy to defraud and wire fraud

Its owners: a group of collectors, including Yoann Turpin (centre), co-founder of crypto market maker Wintermute.

Crypto elite shun NFTs for 69-million-year-old dinosaur fossils

The triceratops skeleton now resides in an 82-square-metre, windowless room inside Le Freeport

US President Donald Trump has taken a welcoming approach to the crypto sector, rewriting rules and removing guardrails.

US bank regulator says banks can act as crypto intermediaries

Critics say such changes have made the traditional financial sector and the loosely-regulated and volatile world of cryptocurrencies more interconnected

Bullish Aim, owned by Tunku Ismail Sultan Ibrahim, unveiled a stablecoin called RMJDT pegged to the Malaysian ringgit.

Malaysian royal launches ringgit-backed stablecoin for payments

RMJDT will be issued on Zetrix, a blockchain developed by Malaysian company Zetrix AI