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S. Korean city Busan to launch digital commodities exchange, shelves crypto
Busan, South Korea’s second-largest city, announced Thursday that it will launch a digital commodities exchange in the second half of this year.
Danny Park
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National Australia Bank to launch AUDN stablecoin: report
National Australia Bank, one of the four major banks in the country, has created a stablecoin AUDN for cross-border transactions and carbon credit trading, according to an Australian Financial Review report.
Pradipta Mukherjee
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Former FTX U.S. CEO Sam Bankman-Fried rejects liquidators’ claim of recovered assets
Founder and former chief executive of FTX U.S., Sam Bankman-Fried, has rejected claims by the company’s current leadership made in a presentation on Tuesday that the team has only recovered US$181 million worth of funds from the exchange.
Lachlan Keller
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Singapore-based crypto unicorn Amber Group slashes Hong Kong workforce, SCMP reports
Singapore-based digital asset manager Amber Group has cut its Hong Kong staff by half to 40 to weather a slump in cryptocurrency prices and a cascade of bankruptcies in the industry.
Lachlan Keller
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Why crypto crashes are just like Nascar collisions
Small details can make a big difference on performance, and one careless error can lead to calamity. How should those in crypto drivers' seats navigate their path?
Dario Capodici
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Markets: Bitcoin, Ether rise further; Dogecoin leads gains in top 10 cryptos
Bitcoin and Ethereum gained in Wednesday afternoon trading in Asia, while price movements of top 10 non-stablecoin cryptocurrencies were mixed, with Dogecoin leading gains.
Pradipta Mukherjee
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Markets: Bitcoin, Ether prices little changed; Polkadot gains as Solana gives up ground
Bitcoin and Ether were little changed in a muted morning of trading on Wednesday in Asia, as few top 10 non-stablecoin cryptocurrencies moved by more than 1% in either direction.
Lachlan Keller
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Crypto’s data problem: Rebuilding trust in a trustless environment
Price is the wrong measure of Web3's true value, writes Angie Lau, editor-in-chief of Forkast. To recover from Crypto Winter, we need metrics that are less prone to whims and manipulation.
Angie Lau
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China’s digital yuan used in securities trade for the first time
See related article: China digital currency transaction volume soars to nearly US$14B Soochow Securities, a Chinese securities firm, enabled e-CNY payments on its mobile application on Monday, marking the first use case of the central bank digital currency in securities market trade, according to state-backed finance outlet China Securities Journal. Fast facts See related article: […]
Tom Zuo
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North Korean hackers move 41,000 ETH stolen from Harmony Bridge attack
The Lazarus Group, a North Korean cybercrime organization, has transferred 41,000 Ether (US$63.9 million) stolen from the 2022 Harmony bridge hack onto cryptocurrency exchanges Binance, OKX and Huobi, according to blockchain data shared by Twitter sleuth ZachXBT.
Lachlan Keller
