Search Results for: crypto

cryptocurrency

11 cryptocurrency exchanges in South Korea reportedly shut down

The Financial Services Commission, South Korea’s top financial regulator. Reportedly planning to shut down a dozen local cryptocurrency exchanges due to fraud allegations. According to the local news agency The Korea Herald. The FSC will shut down at least 11 mid-sized crypto exchanges in South Korea due to alleged illegal activities. And fraudulent collective accounts. […]

solana

The Solana hackathon aims to boost India’s crypto innovation

Solana, a blockchain platform, has extended an open invitation to Building out Loud, an exclusive hackathon for Indian developers and entrepreneurs. Solana plans to kick off the three-week event in collaboration with Devfolio and YouTube influencer Super pumped, according to the official statement. “Students, Web2 & Web3 developers, engineers, and anyone looking to get into […]

FC Barcelona

FC Barcelona is in talks with crypto companies for shirt sponsorship

According to reports from Spain, footballing giants FC Barcelona may sign a crypto-related shirt sponsor. The club, which is one of the biggest and most successful in the world. Has a deal with Rakuten, a Japanese e-commerce behemoth. In Japan, the company runs the Rakuten Wallet crypto exchange, but its global interests are currently limited […]

crypto mining

China has banned crypto mining in Anhui Province

The Chinese government is continuing its crackdown on crypto mining by suspending operations in yet another province. According to local news agency Hefei Online, authorities in Anhui, a small province in eastern China, have announced a set of measures to address rising electricity demand and a resulting power supply shortage over the next three years. Anhui […]

crypto, crypto exchanges

South Korean crypto exchanges bracing for a legal battle amid threats of closure

If they fail to meet a regulatory deadline in September and are forced to close. South Korean crypto exchanges are preparing to sue the government or challenge it in the constitutional court. New crypto exchange regulations, which have already been enacted into law, will take effect on September 24. However, none of the country’s 60 […]

Malta

Since 2017, $71B in crypto has reportedly passed through Malta’s “blockchain island”

Though lax regulatory oversight has raised concerns about money laundering and other financial crime. Malta’s strategy to become a global enclave for digital assets appears to be working. Since the tiny Mediterranean state first adopted its “blockchain island” strategy in 2017, roughly $71 billion. Or 60 billion euros, worth of cryptocurrencies has passed through Malta, […]

amber group logo

Amber Group, a crypto-finance company, Valued at $1B following a $100M funding raise

Amber Group, a cryptocurrency investment platform, has raised $100 million in a successful Series B fundraising round, bringing its total pre-money valuation to $1 billion. A significant milestone for the company as it enters its fourth year of operations. According to co-founder and CEO Michael Wu. The funds will be used to “expand global operations […]

Tanzania, Bitcoin, Crypto, Tanzanian

Tanzania’s president urged the central bank to get ready for Crypto

Tanzania appears to be the most recent emerging market to embrace Bitcoin and other digital assets. Tanzanian President Samia Suluhu Hassan urged the country’s central bank to investigate crypto assets on June 14. “We have witnessed the emergence of a new journey through the internet”. Hassan said, emphasizing the growing impact of digital assets on […]

weibo

Chinese social media platform Weibo reportedly has banned crypto-related accounts

China’s anti-cryptocurrency crackdown has reportedly spread to social media. Several popular Bitcoin (BTC) and crypto-related content creators on Weibo. China’s Twitter-like microblogging service with over 530 million monthly active users, has reportedly been suspended. At least a dozen crypto influencers on Weibo were unable to use their accounts on Saturday night. According to local reports. […]

South Korea

South Korea is taking steps to ban crypto exchanges from cross trading

The Financial Services Commission of South Korea has moved to prohibit cross-exchange trading on crypto exchanges in the country. The move is part of a slew of changes to the country’s Financial Transaction Information Reporting and Use Act. Cross-trading is the practice of offsetting buy and sell orders for the same asset (at the same […]