South Korean prosecutors to freeze US$5.36 million of Do Kwon’s assets, some in Switzerland
Seoul Southern District Prosecutors’ Office is in the process of freezing 7.1 billion won worth of assets that belong to Terraform Labs CEO Do Kwon.
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U.S. SEC committee urges ‘aggressive enforcement’ on crypto, says most tokens are securities
The U.S. SEC Investor Advisory Committee urged the federal agency to continue its aggressive enforcement on crypto players that offer unregistered securities.
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Ex-chief of HKMA heads Hong Kong’s new Web3 institute
Hong Kong has established the Institute of Web 3.0 to facilitate the development of the crypto ecosystem in the city, directed by a former head of HKMA.
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Ethereum blockchain upgrade unlocks US$34 billion in Ether, what does it mean for crypto prices?
The upcoming upgrade to the Ethereum blockchain will allow users to withdraw millions of “staked” Ether, the native cryptocurrency, for potential sale. That would typically indicate a flood of selling pressure awaits the token, but not everyone is buying that.
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Bitcoin pops above US$30,000, Ether jumps, Solana gains, U.S. equities trade mixed
Bitcoin surged above US$30,000 on Tuesday morning in Asia to the highest in about 11 months, leading a rally of all top 10 non-stablecoin cryptocurrencies.
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The Web3 dilemma of data transparency vs. the need for user privacy — and a way to solve it
Storing personal information in a centralized place has been a honeypot for hackers, while decentralized identity allows for greater trust and data security, writes Caria Wei of Nuvo.
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Bitcoin surpasses 1 mln Ordinals inscriptions
The Bitcoin Network has recorded over 1.05 million Ordinals inscriptions within the first three months since launch.
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S. Korean exchange GDAC hacked, loses around 23% of its assets
South Korean exchange GDAC has suspended withdrawals and deposits after losing over US$13.1 million in Bitcoin, Ether, Wemix and USDT in a hack.
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Bitcoin holds above US$28,000, Dogecoin rises most in top 10 cryptos
Bitcoin and Ether rose in Monday afternoon trade in Asia, along with most other top 10 non-stablecoin cryptocurrencies by market capitalization.
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DeFi has a trust gap. What can rebuild its credibility?
Traditional institutions are testing crypto waters, but given last year’s market carnage, it’s not easy to gain their confidence, writes Simon Schaber of Spool.