One of the biggest crypto exchanges might be sold as South Korean market-leader Bithumb is reportedly looking for a buyer.
Per Herald Kyungjae, undisclosed investment banking sources have told the media outlet that Bithumb operator Bithumb Holdings is actively looking for a way out of the market. The holding firm owns a 74% stake in the exchange, and will look for up to USD
Source: Twitter/@SkypeopleMaster
Blockchain, gaming and crypto advocates are bracing for the worst after the South Korean video game censor issued an ominous delay for ratings on another blockchain gaming title – over apparent non-fungible token (NFT)-related concerns.
Per iNews24, the regulatory Game Rating and Administration Committee (GRAC) has postponed the issuance of a rating for a game
The logo of the KakaoTalk chat app. One of South Korea’s biggest tech companies has spoken out about its desire to build an ecosystem for “trading” what it termed “digital assets” and has spoken about DeFi (decentralized finance) in glowing terms – at a forum hosted by a central government-run agency.
The comments were made by Ground X, the blokchain
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Exchanges news
Binance CEO, Changpeng Zhao, announced the creation of the so-called Innovation Zone, which the post said will allow users to trade newer token offerings from their Binance account, while also
The central People’s Bank of China (PBoC) confirmed that it is ready to take center-stage on a “new battlefield” of competition between sovereign nations based on digital fiats – and claims its own new token could help break “dollar dominance.”
The PBoC has been relatively cagey about its digital yuan project, which is already in advanced testing stages, but
With just months to go before new legislation comes into force requiring all of South Korea’s crypto exchanges to implement strict anti-money laundering (AML) policies, the race is now on to adopt solutions ahead of time – and avoid falling foul of the law.
So which AML solutions are South Korean crypto exchanges adopting ahead of next year’s legal changes?
A German software firm said that it has created the first game to run on the Litecoin blockchain – claiming that “smart” gameplay on the new title will earn players litecoin (LTC) tokens.
The game is named LiteBringer, per a press release shared with Cryptonews.com by its developer CipSoft.
The firm stated that the title is a role-playing, fantasy-themed game that
Jesse Powell, CEO of Kraken. Source: a screenshot, Instagram/krakenfx
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Exchanges news
Kraken has officially opened its new Japanese exchange under the umbrella of its Tokyo-based Payward Asia subsidiary. Per an official Kraken blog post,
As the DeFi gravy train keeps on rolling, lawyers have begun to ask the question that will likely one day end up on the lips of regulators: Are tokens like uniswap (UNI) securities?
With debates now raging on Twitter, a number of legal experts have been wading in with their two cents – as UNI prices made a massive 79%+ climb today, per Coingecko data, after large-scale
As the DeFi gravy train keeps on rolling, lawyers have begun to ask the question that will likely one day end up on the lips of regulators: Are tokens like uniswap (UNI) securities?
With debates now raging on Twitter, a number of legal experts have been wading in with their two cents – as UNI prices made a massive 79%+ climb today, per Coingecko data, after large-scale
Police in South Korea have brought in the chairman of the nation’s leading crypto exchange Bithumb for questioning on suspicions of fraud and embezzlement.
Per news agency Yonhap news, an intelligence unit of the Seoul Metropolitan Police Agency, has decided to question Lee Jung-hoon, 44, the chairman of the Board of Directors of holding company Bithumb Holdings and
Police in South Korea have brought in the chairman of the nation’s leading crypto exchange Bithumb for questioning on suspicions of fraud and embezzlement.
Per news agency Yonhap news, an intelligence unit of the Seoul Metropolitan Police Agency, has decided to question Lee Jung-hoon, 44, the chairman of the Board of Directors of holding company Bithumb Holdings and
Colombian banks may be permitted to test crypto transactions in a new regulatory sandbox, after a presidential advisor stated that a top financial regulator may actively seek the aid of the nation’s financial sector to pilot crypto-powered business.
In a tweet, presidential economic and tech adviser Víctor Muñoz wrote that the Superintendencia Financiera (Superfinanciera),
Peer-to-peer (P2P) crypto marketplace LocalBitcoins said it has “no plans” to leave Venezuela – despite the United States Treasury-endorsed sanctions that have already forced one of its rivals to close down its operations in the South American nation.
As previously reported, the Office of Foreign Assets Control (OFAC), the Treasury’s financial intelligence and
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Blockchain news
More blockchain-related patents were published in the first half of 2020 than in all of 2019, a year that had already seen 3 times more blockchain patents published than in 2018, a new report by
Michael Saylor, the co-founder of MicroStrategy, an American software company that famously used its balance sheet to buy over USD 400 million worth of bitcoin (BTC), said that his firm’s investment was “not a bet” – and claimed that big-business players may turn to crypto out of a “fiduciary obligation” not to allow cash holdings dwindle away while fiat
The Gwangandaegyo or Diamond Bridge in Busan, South Korea. Just a year ago, Busan, the second biggest city in South Korea, was celebrating after it was granted the nation’s first blockchain regulatory sandbox status – with grand plans afoot for implementing tokenized business plans and crypto-powered innovation throughout the city. But a new survey has found that, 12 months
The South Korean budget airline and Korean Air affiliate Jin Air has teamed up with blockchain-powered travel and rewards points firm Mil.k to launch a crypto-powered promotional offer for flight tickets.
Per Money Today, holders of the Mil.k Wallet platform’s Mil.k Coin will be able to buy Jin Air’s Genie Coupon vouchers, redeemable against flights, until
Source: a screenshot, Instagram/krakenfx
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Exchanges news
US-based major crypto exchange Kraken said that the State of Wyoming has approved Kraken’s application to form the world’s first Special Purpose Depository Institution (SPDI),
Source: a screenshot, Instagram/binance
Fisco, the Japanese financial information firm that operates the Zaif crypto exchange, has confirmed reports that it has lodged a lawsuit in the United States against trading platform Binance, whom it accuses of facilitating the laundering of over USD 9 million worth of bitcoin (BTC) in a hack that brought the Japanese exchange to its knees in 2018.
As a
Source: a screenshot, Instagram/binance
Fisco, the Japanese financial information firm that operates the Zaif crypto exchange, has confirmed reports that it has lodged a lawsuit in the United States against trading platform Binance, whom it accuses of facilitating the laundering of over USD 9 million worth of bitcoin (BTC) in a hack that brought the Japanese exchange to its knees in 2018.
As a
Gene Simmons. It was a crazy, crazy night for fans of crypto and retro glam-rock as one of the biggest rock stars of the past century gave a resounding thumbs-up to crypto.
Gene Simmons, the lead singer and bassist of Rock and Roll Hall of Fame group Kiss has come out as a crypto fan – but it looks like the rock veteran, also known as The Demon, has changed his
The South Korean government has pledged USD 1.27m in funding for a contact-free, blockchain-based services platform for apartment residents in the country – which operators say will allow residents to take part in electronic voting, manage parking spaces, and more.
Per ZDNet Korea, the South Korean Ministry of Science and ICT has selected a domestic firm named Ksign as
The Hyundai sign on a car. Two of South Korea’s biggest conglomerates will team up to create a blockchain-based insurance offering. The deal will see the Lotte Group’s insurance arm, Lotte Insurance, join forces with the Hyundai Group’s blockchain and crypto subsidiary Hdac for an unprecedented cooperation effort.
Per Fn News, the deal will also involve another leading
Source: Adobe/Patange_R
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Regulation news
India plans to introduce a new law banning trade in cryptocurrencies and the bill is expected to be discussed shortly by the federal cabinet before it is sent to parliament, Bloomberg reported, citing
Venezuelans are increasingly finding their options slowly reducing when it comes to choosing crypto trading platforms, with many taking to Twitter to vent their fears and frustrations.
Late on September 14, the peer-to-peer crypto exchange Paxful announced it was exiting the country, stating on Twitter that “regulations and sanctions related to the Office of Foreign Assets
The rollout of China’s digital yuan could spend the end for the nation’s ATMs, per a new report – with digital finance marginalizing hole-in-the wall-based technology.
Per media outlet Huo Long Guo Cai Jing, the ATM industry was at its peak in 2015, when some 252,000 machines were installed nationwide.
However, since 2017, ATMs have been in decline in the Middle
A leading South Korean crypto trading platform has taken a somewhat novel approach to hiring new staff – by offering bitcoin (BTC) rewards for staff members who recommend new hires, and handing out BTC to staff members who work as interviewers during the recruitment process.
Per media outlet EBN, the crypto talent pool is becoming increasingly narrow, with a number of
Investors have made an official complaint to a South Korean financial regulator about crypto exchange Upbit’s so-called “Dutch auction” listing strategy, claiming that recent listings amount to “back-door” initial coin offerings (ICOs).
Per media outlet Paxnet, a group of crypto investors has lodged an official complaint with the Financial Services Commission, the
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Regulation news
In an attempt to help national authorities detect cryptoasset-related money laundering and terrorist financing, the Financial Action Task Force (FATF), a multi-government body, published a new report,
