Bithumb Operator Wants At Least USD 430m For Its Stake In Exchange – Report

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

Blockchain Gaming Hits Another NFT-related Hitch in South Korea

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

Kakao Talks up DeFi, Wants to Build ‘Digital Asset Trading Ecosystem’

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

Binance’s ‘Innovation Zone,’ Iranian Power Plants Eye Bitcoin Mining + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. 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

It’s Official: China’s Digital Yuan To Target US Dollar Dominance

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

South Korean Crypto Exchanges Search for ‘Seamless’ AML Solutions

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?

‘First True Litecoin Game’ Is an RPG Knights and Wizard-fest

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

Crypto Exchange Giant Kraken Completes Japan Return + More News

Jesse Powell, CEO of Kraken. Source: a screenshot, Instagram/krakenfx Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. 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,

Is Uniswap (UNI) a Security? Lawyers Divided, While Token Skyrockets

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

Is Uniswap (UNI) a Security? Lawyers Divided, While Token Skyrockets

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 Summon Bithumb Chairman for Questioning on Suspicions of Fraud

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 Summon Bithumb Chairman for Questioning on Suspicions of Fraud

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

Colombia’s Financial Sector May Be Allowed to Pilot Crypto Transactions

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),

Crypto P2P Exchange LocalBitcoins: We Have No Plans to Exit Venezuela

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

MicroStrategy CEO On Buying Bitcoin While Trillions ‘Melting’ In Treasuries

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

60% of Firms in Blockchain Sandbox City Don’t Know What Blockchain Is

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

Budget Air Carrier’s Crypto-discount Tickets Drop in Time for Holiday

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

Kraken Bank Starts Its Global Expansion From US + More News

Source: a screenshot, Instagram/krakenfx Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. 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),

Binance Stays Quiet after Fisco Accuses it of Facilitating BTC 1,450 Laundry

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

Binance Stays Quiet after Fisco Accuses it of Facilitating BTC 1,450 Laundry

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

Kiss Star Simmons: ‘I Was Made for Lovin’ BTC’

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

South Korea to Fund Blockchain-powered Platform for Apartment Dwellers

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

Korean Business Heavyweights Team up for Blockchain Insurance Project

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

New Rumors On Indian Crypto Ban, Bonds on Blockchain + More News

Source: Adobe/Patange_R Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. 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

Venezuelan Crypto Users Worried as Trading Options Become Limited

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

Korbit Offers Bitcoin Employee Reference Rewards

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 Make ‘Dutch Auction’ Complaint against Crypto Exchange Upbit

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

Red Crypto Flags by FATF, Tether Ditches Tron For Ethereum + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. 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,