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NFT 1

Singapore prohibits crypto, NFT transactions in sanctions against Russia

The Monetary Authority of Singapore (MAS) has prohibited transactions involving digital assets such as cryptocurrencies and non-fungible tokens (NFTs) in its sanctions against Russian banks and entities, the central bank said in a statement.  See related article: USDT-RUB volume outpaces Bitcoin pair as Russia sanctions pile Fast facts Following Russia’s invasion of Ukraine, MAS will […]
Anchor carries Terra DeFi while in minor crypto dip

Anchor boosts Terra DeFi amid minor crypto market dip

The crypto market slightly dipped on Friday but the decentralized finance (DeFi) ecosystem in Terra continues to grow with Anchor Protocol leading the way.  See related article: Terra bullish trend continues; rest of crypto top 10 in red Fast facts Bitcoin and Ethereum have fallen by 4.7% and 6.2% respectively in the past 24 hours, […]
Covid shuts cinema but Hong Kong gets backup from the metaverse, Virtual reality glasses and overturned of popcorn bucket on pink blue table. Flat lay concept watching 3d movie.

Covid shuts cinema but Hong Kong gets backup from the metaverse

Hong Kong-based film production company National Arts Entertainment Group announced it is building a simulation of the Xiqiao Shan filmmaking studio in the metaverse while cinemas remain shut due to local Covid restrictions.  See related article: Who are the biggest players in the metaverse today? Fast facts Xiqiao Shan filmmaking studio is known for its […]
NFT

OpenSea blocks Iranian users, citing US sanctions list

OpenSea users based in Iran claim their accounts have been suspended from the U.S.-based non-fungible token (NFT) marketplace, in a growing list of users experiencing restrictions from cryptocurrency-related service providers due to sanctions against the Iranian government, CoinDesk reported.  Fast facts See related article: Binance may join sanctions imposed on Russian targets Many OpenSea users […]
china bitcoin

China still has 10% of global Bitcoin transactions, PBOC says

China’s share in global Bitcoin transactions has now dropped to 10% from more than 90%, the People’s Bank of China (PBOC), the central bank, said on Thursday. See related article: Crypto traders in China may serve over 10 years in prison Fast facts Last September, China enforced a blanket ban on crypto transactions and mining. […]
Four more South Korean crypto exchanges block Russian IPs

Four more South Korean crypto exchanges block Russian IPs

Upbit, Bithumb, Coinone, and Korbit announced restrictions to block Russian IP addresses on Thursday, bringing the total to five in the nation.  See related article: S.Korean crypto exchange freezes around 20 Russian accounts Fast facts Gopax was the first crypto exchange in South Korea to publicize the restriction, citing efforts to align with Western sanctions […]
Web 3.0 modern internet concept; businessman studying how to capitalize web 3.0 trend with organization charts

The future is decentralized: How Web3 can reshape the world

As the public tires of Big Tech’s privacy abuses, Web3’s premise of decentralization has never looked better, writes Edward Chen of Huobi.
Sydney, Australia

At least 3M Aussies own some form of crypto asset

Australia estimates at least three million Aussies, or 11% of its people, own some form of crypto asset, according to a government-backed report published on Wednesday. See related article: Australia announces biggest overhaul to payments in 25 years — eyes now set on crypto Fast facts Crypto has been on Australia’s radar, with the Senate […]
Depositphotos 550782734 S

Ukraine cancels crypto airdrop, promises NFTs

Vice Prime Minister Mykhailo Federov said on Thursday that Ukraine would cancel a crypto airdrop created to reward its donors that had been announced just one day before. Fast facts “After careful consideration we decided to cancel airdrop. Every day there are more and more people willing to help Ukraine to fight back the agression. […]
Russian Rubles notes with judge mallet. Corruption concept

Can crypto cushion Russia from the pain of sanctions?

War-mongering Russia is finding itself increasingly isolated. What if the rogue state tries to regain its financial footing via cryptocurrency?
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Two Sessions

China’s Two Sessions: what to expect for blockchain

Look for progress reports on e-CNY, blockchain technology, new digital infrastructure, and subtle mentions of the international sanctions against Russia.
Getty edu

India’s blockchain courses ramp up to meet demand for learning

Recruiters from the public and private sectors are on the hunt for top blockchain talent. Educational institutions are catching up with customized courses.
Ukraine government's crypto wallet nears $40M in donations

Ukraine government’s crypto wallets near $40M in donations

Crypto donations raised by the Ukrainian government alone since the Russian invasion topped US$38.8 million on Thursday, as funds flowing into alternative channels bring total contributions to at least US$60 million.  See related article: Ukraine crypto donations top $36M amid Russian invasion Fast facts Aid for Ukraine, a decentralized autonomous organization set up by the […]
S.Korean crypto exchange freezes around 20 Russian accounts

S.Korean crypto exchange freezes around 20 Russian accounts

South Korean cryptocurrency exchange Gopax announced on Wednesday that it has frozen and blocked Russian accounts and IP addresses from its platform. See related article: Russian ruble plunges; Ukraine DAO aids civilians Fast facts According to local media, the exchange has blocked around 20 accounts belonging to Russian users. Gopax said its restrictions align with […]
nomura

Nomura Holdings plans new digital assets company

Nomura Holdings will restructure its Future Innovation Company into a newly established company to leverage the rise of digital assets, effective April 1.  Fast facts See related article: IBM, Nomura to use blockchain for plastics recycling in new consortium The Japanese financial services giant revealed in a statement its plans to expand its private markets […]
tencent

Tencent calls dibs on metaverse virtual concerts in patent application

Chinese tech giant Tencent is applying for a virtual concerts patent, as conglomerates race for the first-mover advantage in the metaverse industry, business tracker Qichacha’s data shows. See related article: 16,000 metaverse trademark applications filed, unlikely to pass in China Fast facts The Shenzhen-based social and gaming giant’s patent application involves a computing approach and […]
BabyBear

NFTs enter ‘mini-bear market’ as buyers drop to three-month low

The number of unique non-fungible token (NFT) buyers in February dropped to 843,000, in what data aggregator CryptoSlam calls a “mini-bear market.” See related article: Wash trading in NFT marketplace LooksRare can inflate prices: analysts Fast facts February’s NFT market had a 7% month-over-month drop in buyers from the all-time high set in January. February […]
UkraineDAO NFT collects $XX to support civilians in need

Ukraine DAO NFT sells for $6.5M (2,173.6 ETH)

The Ukrainian flag non-fungible token (NFT) auctioned by Ukraine DAO was sold to a pool of donors for  2,173.6 ETH (US$6.534 million) on Wednesday, as proceeds are expected to support Ukrainians affected by the invasion.  See related article: ‘We don’t have time’ for traditional fundraising, crypto is most efficient: Ukraine DAO Fast fact The NFT […]
Ukraine flag with physical model of Bitcoin

Bitcoin shores up Ukraine fighters amid Moscow’s money meltdown

Top blockchain and crypto news: Digital currency battling Russian invasion. Ethereum remains NFT projects’ chain of choice. China to lock up crypto traders.
Animoca Brands halts Russian services to comply with sanctions

Animoca Brands halts services to Russians: report

Hong Kong-based Animoca Brands has shuttered its services to Russian users saying it is relying on legal advice that equates Western sanctions against Russian entities to the blanket sanctions against North Korea, Bloomberg reported on Wednesday. See related article: Binance may join sanctions imposed on Russian targets Fast facts “The legal advice we’ve been receiving […]
South Korea to launch crypto oversight committee after Terra crash

Over half of S.Korea crypto traders are in their 30s and 40s

South Korea’s financial regulator revealed Tuesday that 58% of the country’s 5.58 million cryptocurrency traders are in their 30s and 40s. See related article: S.Korea crypto market growing but needs promotion, not just regulation: BCG Fast facts South Korea’s Financial Intelligence Unit released its first report on the local US$45.8 billion crypto market. South Korea […]
nvidia

Nvidia hackers threaten to unleash Ethereum mining limiter disabler

The ransomware outfit behind Nvidia’s data breach last week is looking to sell what it claims to be a driver that unlocks Ethereum mining limitations on the chipmaker’s graphic cards. See related article: China customs seizes 49 second-hand crypto mining rigs for export Fast facts The hacker group Lapsus$ allegedly stole 1TB of data from […]
EUFLAG

Bitcoin, proof-of-work ban removed from European Union’s MiCA

The European parliament has scrapped wording from proposed legislation that would have banned cryptocurrencies that rely on the proof-of-work (PoW) consensus mechanism, like Bitcoin. See related article: How serious is the threat of Bitcoin mining to the environment? Fast facts The European Parliament member in charge of spearheading the bill known as the Markets in […]
Depositphotos 550107944 S

Polkadot, crypto companies donate millions to Ukraine

Ukraine’s Minister of Digital Transformation Mykhailo Fedorov on Tuesday thanked crypto companies by name for their financial support in their defense against the Russian invasion. Fast facts “I am grateful to @gavofyork, who made an impressive donation of $5M from @Polkadot $DOT. This will certainly contribute to the Ukrainian victory as well as support civil […]
NFTWorlds

Metaverse NFT projects boom as Meta ignores blockchain

It’s been a booming time for the NFT market, and as data from CryptoSlam shows, there has been particular interest in metaverse projects recently.
National yellow-blue flag of Ukraine

‘We don’t have time’ for traditional fundraising, crypto is most efficient: Ukraine DAO

With limited access to donations through traditional crowdfunding, cryptocurrencies and NFTs offer immediate help, Trippy Labs tells Forkast.
ruble

USDT-RUB volume outpaces Bitcoin pair as Russia sanctions pile

The trading volume of the USDT-RUB pair spiked to a 10-month high and outpaced the ruble’s Bitcoin pair as international sanctions against Russia shake local financial stability.  See related article: US asks crypto exchanges to comply with Russian sanctions: report Fast facts The daily trading volume of the BTC-RUB pair surged to over 3 billion […]
social media network diagram PPFYH5E 4

How the market is evolving from GameFi to SocialFi — and what comes next

A blockchain is a database that can record all transactions and transfers for the entire world. All users can use public blockchain explorers to verify all data is correct.  Blockchain facilitates transactions of virtual currencies like Bitcoin and Ethereum. Transactions that take place are fast, cheap, tamper-proof and irreversible.  But blockchain technology is not limited […]
Ukrainian Bitcoin ATM producer eyes Asia expansion

Ukrainian Bitcoin ATM producer eyes Asia expansion

Ukrainian Bitcoin ATM developer Intellogate is expanding its services to Asia through a new partnership with two South Korean firms. See related article: Singapore crypto ATMs shut down to comply with central bank rules Fast facts South Korean blockchain service provider Publish and kiosk producer Lincrux signed a memorandum of cooperation with Intellogate to leverage […]
GettyImages 1238749663

US asks crypto exchanges to comply with Russian sanctions: report

The U.S. is asking crypto exchanges around the world to prevent Russia from skirting sanctions imposed after it invaded Ukraine last week, Bloomberg reported. See related article: Binance may join sanctions imposed on Russian targets Fast facts The Biden administration is concerned that cryptocurrencies can be used to evade heavily regulated traditional financial systems. The […]
Bitcoin

Crypto market gained $200B in the last 12 hours

The global cryptocurrency market cap recovered above US$2 trillion since dropping below the mark in mid-February, in a US$200 billion 12-hour run.  See related article: Bitcoin, crypto market tank as Putin declares war on Ukraine Fast facts Bitcoin’s price jumped over US$2,000 in a 10-minute window from 6:30 am HKT Tuesday to mark a ceiling […]
Cryptovoxels metaverse

Who are the biggest players in the metaverse today?

The multi-faceted metaverse provides new channels for gaming, socialization, art exhibitions and more. Who’s leading the race and how?
Golden coins with ethereum and bitcoin symbol on a mainboard | ETH crosses Bitcoin in options market for first time in history

Will Bitcoin and Ethereum make a comeback in 2022?

Russia’s war on Ukraine is battering crypto prices, but what does the more distant future hold for BTC and ETH? Fintech experts offer predictions.
Ukraine

Ukraine crypto donations top $36M amid Russian invasion

Cryptocurrency donations to Ukraine through government and private channels have topped US$36 million as contributions continue to mount throughout the Russian invasion.  See related article: Binance may join sanctions imposed on Russian targets Fast facts The Ukrainian government has received 113 BTC and 2,001 ETH, totaling almost US$10 million, as of press time. Binance has […]
Ethereum reaches 1 million NFT buyers as gas fees sink

Ethereum reaches 1 million NFT buyers as gas fees sink

The total number of unique non-fungible token (NFT) buyers on the Ethereum blockchain crossed the 1 million customers milestone on Sunday as the network’s gas fees slid to its lowest since August.  See related article: Ethereum price expected to hit $7,609 in 2022: report Fast facts NFT sales on Ethereum increased by 36.06% in the […]
Getty

Russian soldiers offered Bitcoin in exchange for white flag

Russian soldiers surrendering to Ukraine will receive 5 million rubles worth of crypto or cash, according to Masha Efrosinina, local TV host and honorary ambassador of the United Nations Population Fund in Ukraine.  See related article: Ukraine’s crypto demand soars; Russian sanctions tighten Fast facts Efrosinina said in an Instagram post that surrendering soldiers of […]
South Korea places $185M bet the metaverse

South Korea places $185M bet on the metaverse

South Korea’s Ministry of Science and ICT announced Sunday a KRW 223.7 billion (US$185 million) investment to build the nation’s metaverse ecosystem. See related article: South Korea wants to be the physical home of the metaverse Fast facts The ministry will use its war chest to develop the decentralized creator economy, nurture talents, and support […]
law

India top court queries crypto legality over $2.6B Bitcoin scam

The Supreme Court of India has sought clarification from the government on the legality of cryptocurrencies in the country in the wake of surging Bitcoin scams, local media reported. See related article: Indian crypto scam investigated Fast facts A bench comprising Justices D Y Chandrachud and Surya Kant asked additional solicitor general (ASG) Aishwarya Bhati […]
Binance

Binance may join sanctions imposed on Russian targets

Binance is working to comply with sanctions on Russia imposed by Western governments following the invasion of Ukraine. See related article: Bitcoin donations for Ukraine military surpass $1M Fast facts “We have assembled a dedicated global compliance task force, including world-renowned sanctions experts, and are taking the steps necessary to ensure we take action against […]
Bitcoin Continues To See Unprecedented Growth

Is Bitcoin really a hedge against inflation?

Bitcoin’s recent slumps have been coupled with macroeconomic activities, bringing its status as an inflation hedge into question.
Nansen

Top NFT game Axie Infinity generated $1.3B in revenue last year

Top non-fungible token (NFT) game Axie Infinity generated US$1.3 billion in revenue over the past year, reaching a daily peak of US$17.5 million on Aug. 6, 2021, according to a new report from blockchain analytics firm Nansen. See related article: Axie Infinity becomes first NFT series to break $4B in sales Fast facts Axie Infinity […]
ukraine

Russia unlikely to turn to crypto if SWIFT sanction is imposed

Measures to detect sanctioned entities’ crypto transactions can come into play, experts say.
Bitcoin donations for the Ukrainian army surpass US$1 million, KYIV, UKRAINE - FEBRUARY 24: People wait for trains at a train station as they attempt to evacuate the city on February 24, 2022 in Kyiv, Ukraine. Overnight, Russia began a large-scale attack on Ukraine, with explosions reported in multiple cities and far outside the restive eastern regions held by Russian-backed rebels

Bitcoin donations for Ukraine military surpass $1M

A charitable fundraising page for the Ukrainian military shut down on Patreon, while donations to the organization’s Bitcoin wallet accelerated to surpass US$1 million on Friday.  See related article: Putin’s attack triples Ukrainian crypto exchange’s trading volume Fast facts Come Back Alive, a Kyiv-based nonprofit organization established in 2014, says funds will be used to […]
BitMEX founders Hayes and Delo fined $10M, plead guilty to AML violations, Bribe concept. Dollar banknotes, handcuffs and gavel on dark black table

BitMEX founders Hayes, Delo fined $10M each, plead guilty to AML violations

BitMEX founders Arthur Hayes and Benjamin Delo pleaded guilty to violating the Bank Secrecy Act’s anti-money-laundering provisions, the U.S. Attorney’s Office in Manhattan said on Thursday. See related article: BitMEX pays US$100M to settle AML, KYC compliance breach charges Fast facts Under the terms of the plea agreement, Hayes and Delo will each pay US$10 […]
Protesters In Berlin Demonstrate Against Russian Invasion Of Ukraine

Putin’s attack triples Ukrainian crypto exchange’s trading volume

Trading volume in Ukrainian crypto exchange Kuna has more than tripled by Friday since Russia invaded the Eastern European nation, according to CoinGecko data.  See related article: Bitcoin, crypto market tank as Putin declares war on Ukraine Fast facts The 24-hour trading volume at Kuna was at around US$1.5 million on Thursday morning Asia time, […]
Gavel, scales of justice and law books, Crypto traders in China may serve over 10 years in prison

Crypto traders in China may serve over 10 years in prison

China’s Supreme Court specified cryptocurrency trading as a means of illegal fundraising in its latest judicial interpretation of criminal law released on Thursday, the first time in the country’s history.  See related article: Court in China says trading in cryptocurrency ‘not protected by law’ Fast facts A judicial interpretation is the Supreme People’s Court’s official […]
Golden bitcoins and South Korea flag | South Korean crypto businesses scramble to meet imminent FATF rule

South Korean crypto businesses scramble to meet FATF travel rule

Around 30 South Korean crypto and blockchain firms have officially started partnering with CODE, a joint venture formed to meet the Financial Action Task Force (FATF) travel rule. See related article: What lies ahead for crypto regulations in 2022 Fast facts FATF’s travel rule is a global set of guidelines for virtual asset service providers […]
Desert

Here’s why Australia can’t use its empty deserts to mine Bitcoin

Sunny skies and wide open spaces may seem the perfect place to mine Bitcoin using cheap solar power, but one industry insider tells Forkast there’s much more to it than that.
India’s crypto brain drain may accelerate once again

India’s crypto brain drain may accelerate once again

Government indecision on crypto regulation prompted some businesses to move abroad. Investors and crypto professionals may follow if uncertainty prolongs.
Dogecoin price prediction for 2022 set lower than February peak

Dogecoin price prediction for 2022 set lower than February peak

Dogecoin is expected to close this year at US$0.163, a fraction of a penny less than the memecoin’s February peak of US$0.168, according to Finder’s panel of 33 cryptocurrency and fintech experts.  See related article: Ethereum price expected to hit $7,609 in 2022: report Fast facts The panel predicted Dogecoin’s price to double to US$0.32 […]
Zuckerberg

Meta showcases focus on AI, announces new voice assistant program

The brand has long centered around connecting people and seems determined to carry that branding to its next stage as a metaverse company.
Bitcoin, crypto market tanks as Putin declares war on Ukraine

Bitcoin, crypto market tank as Putin declares war on Ukraine

The cryptocurrency market took a nosedive in what was already seeming like a day in the red zone after Russian President Vladimir Putin declared a “special military operation” for the “demilitarization and de-Nazification of Ukraine.”  See related article: Crypto market tumbles amid uncertainty over Russia and Ukraine Fast facts The global cryptocurrency market cap dipped […]
crypto photo

Terra bullish trend continues; rest of crypto top 10 in red

Terra LUNA is continuing its bullish trend from where it left off on Wednesday, up almost 7% to trade at $59.39 on Thursday morning, Asia time. Fast facts See related article: Is Terra — whose LUNA coin is now at another all-time high — really where the smart money is? The currency has been as […]

Bitcoin miners unwelcome in Hangzhou despite targeted energy hike

A new electricity rate hike for crypto miners in China’s southeastern province Zhejiang is a penalty, not a green light, province capital Hangzhou authorities said, the China Times reported on Wednesday.  See related article: China’s Zhejiang province busts dozens of state-owned entities for mining crypto Fast facts Zhejiang Province announced this month that it would […]
Magnifying glass zooming in on cryptocurrency exchange Binance logo on trading platform

Binance’s investment in Forbes is a wake-up call for the crypto industry

When the world’s biggest crypto exchange acquires a major stake in the business publication it once sued for defamation, should we worry?
MUFG

Mitsubishi UFJ ditches blockchain payment venture

Mitsubishi UFJ Financial Group (MUFG) will close its blockchain payment venture due to slow profits, Japan’s largest bank announced on Tuesday.  See related article: Japan’s Mitsubishi UFJ to issue yen-pegged stablecoin: report Fast facts MUFG said it is preparing to halt and liquidate Global Open Network Japan, Inc. (GO-NET Japan). GO-NET Japan, set up in […]
casper

BSN to integrate CasperLabs’ chain to support NFT issuance in China

CasperLabs, a smart contracts protocol, is set to power part of China’s state-backed non-fungible token (NFT) network, to support the legal issuance of NFTs in mainland China. See related article: BSN to integrate Neo’s chain to bolster NFT issuance in China Fast facts The Blockchain-based Service Network (BSN) will add Casper Network-powered Fuzhou Chain to […]
India’s crypto ads to get “highly risky” banners starting April

India’s crypto ads to get ‘highly risky’ banners starting April

All cryptocurrency ads in India will carry standard disclaimers to warn investors of risks associated with crypto beginning April 1, as per guidelines released by the Advertising Standards Council of India (ASCI) on Wednesday.  See related article: Indian court seeks standardized disclaimers on crypto ads Fast facts The disclaimer must read: “Crypto products and NFTs […]
Kremlin in Moscow, Russia

Russia retreats from crypto ban as it pushes rules for industry

Moscow moves to regulate crypto. OpenSea’s security struggle. Will China cool its metaverse mania?
Jupiter Meta launches fully-curated NFT marketplace in India

Jupiter Meta launches fully curated NFT marketplace in India

Jupiter Meta on Wednesday launched a fully curated non-fungible token marketplace in India focusing on music, film and gaming.  See related article: WazirX launches India’s first NFT marketplace Fast facts The NFT marketplace is built on Jupiter Meta’s Rubix blockchain, which the company claims has zero gas fees and is sustainable.  Jupiter Meta has also […]
Why India’s Bitcoin premium is now higher than South Korea

Why India’s Bitcoin premium is now higher than South Korea’s

The RBI is casting a cloud of regulatory uncertainty over the local digital assets industry, but the nation’s Bitcoin premium shows India wants crypto. 
coins bitcoin against the background of the chine 2021 08 31 23 46 32 utc

Digital yuan pilot attracts Chinese province bordering Russia

Heilongjiang province in northeastern China has joined the bid to compete with 10 other cities to become the next digital yuan pilot city, it announced on Monday.  See related article: E-CNY chief says digital dollar poses no threat to China Fast facts See related article: Hong Kong makes apt testbed for e-CNY cross-border use
NCT

Second K-pop agency taps Binance for NFT partnership

Binance inked a partnership with an SM Entertainment subsidiary to explore non-fungible token (NFT) opportunities, the second K-pop agency to sign with Binance in February.  See related article: Animoca Brands, K-pop agency Cube form metaverse joint venture Fast facts The pair will build what they call a “play-to-create” ecosystem, which aims to let fans reproduce […]
china court

China courts improve evidence collection through blockchain

China’s legal system is looking into blockchain technology to improve its online smart court system and enhance information sharing and evidence submission. See related article: How blockchain technology is shaking up courtrooms in Asia Fast facts China’s supreme court released on Tuesday a set of rules allowing courts to verify and recognize evidence submitted through […]
screenshots of Alibaba's first blockchain based on Antchain, the ant adventure

Alibaba to reward NFTs in its first blockchain game

Alibaba is rewarding non-fungible tokens (NFTs) on its first blockchain game Ant Adventure, which can be played through the Alipay mobile application, one of China’s leading mobile payment providers.  See related article: Ant Group’s NFT arm punishes users for digital collectible resales Fast facts Ant Adventure is powered by Alibaba’s blockchain AntChain, and takes users […]
market

Hedera gears up for smart contract upgrade, leads market rebound

Hedera’s HBAR is leading a crypto market bounce with a 14% surge over the last 24 hours to trade at US$0.2306 on the back of the HederaStarter launch announcement as the ecosystem preps for its smart contract era.  See related article: Hedera Hashgraph provides provenance for data from Syrian war Fast facts HederaStarter is slated […]
court

Law can’t cover crypto losses, China court reiterates

The high court of China’s southeastern Guangdong province has ruled cryptocurrency investment activities are not protected by law, further clarifying that crypto is not a legitimate currency in the mainland.  See related article: China customs seizes 49 second-hand crypto mining rigs for export Fast facts The Guangdong high court on Tuesday listed a crypto-related virtual […]
Tether

Tether slashes commercial paper, shows more reserves than liabilities

Tether cut its commercial paper holdings by 21% last quarter according to the stablecoin operator’s latest quarterly assurance opinion released Monday.  See related article: Tether unveils reserves and backing for its USDT stablecoin in new report Fast facts Auditor MHA Cayman completed an attestation, finding Tether’s reserves held for its digital assets exceed the amount […]
BTOB

Animoca Brands, K-pop agency Cube form metaverse joint venture

Hong Kong-based Animoca Brands and K-pop agency Cube Entertainment announced on Tuesday the completion of a new joint venture named AniCube Entertainment, as Korean music labels race to cash in on their loyal fan bases through metaverse and non-fungible token (NFT) projects. See related article: K-pop agency Cube bets big on NFT and metaverse Fast […]
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China customs seizes 49 second-hand crypto mining rigs for export

Dongguan customs in China’s southeast seized 49 second-hand Ant miners declared “shoe material” for export, at least the third seizure in February, state media reported on Monday.  See related article: Kazakhstan busts 13 illegal Bitcoin mining farms amid power concerns Fast facts See related article: China to ‘outdate’ crypto mining industry with more restrictions
Jingtan

Ant Group’s NFT arm punishes users for digital collectible resales

Jingtan, Alibaba affiliate Ant Group’s non-fungible token (NFT) platform, has placed limitations on at least 56 accounts for participating in the resale of digital collectibles, after various collections surged in popularity in online second-hand markets.  See related article: CCTV NFTs hit resale market before transfer permitted Fast facts Jingtan, developed by AntChain, said it has […]
Temasek leads $200M funding round in crypto firm Amber

Temasek leads $200M funding round in crypto firm Amber

Amber Group has secured US$200 million in a funding round led by Singapore’s sovereign wealth fund Temasek, raising the cryptocurrency platform’s valuation to US$3 billion.  See related story: Temasek-founded Affinidi launches new business unit to bring Web 3.0 to financial services to Southeast Asia Fast facts Existing investors including Sequoia China, Pantera Capital, Tiger Global […]

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