Crypto-ban fears may be an overreaction in India
A former finance secretary says too much is yet unknown about the new crypto bill for investors to expect the worst.
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SEC chair Gensler calls stablecoins ‘poker chips’ again
Conversation between current and former SEC chairs at annual digital asset compliance summit focused on regulating crypto.
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Kimchi Premium hits highest level since May
The Korea Premium Index for Bitcoin reached 7% last Sunday, which may indicate an influx of retail investors.
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Investors queasy as prospect of India crypto ban returns
Top blockchain and crypto news: Are India’s CBDC plans crowding out crypto? Jack Dorsey goes full Bitcoin bro. China’s digital yuan hopes claim another victim.
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S. Korean, S. African banks team up for stablecoin-based remittances
South Korean heavyweight lender Shinhan Bank has completed a proof-of-concept rollout of a stablecoin project for international remittances in partnership with South Africa’s Standard Bank, using Hedera Hashgraph. Fast facts The project’s aim is to test the issuance and distribution of stablecoins for international remittances, which often frustrate senders and receivers due to their high…
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LUNA, Shiba Inu Coin soar as Ethereum nears all-time high
As the market recovers from a weekend sell-off, Terra and Shiba Inu tokens shine bright while Ethereum eyes new price heights. What’s behind their rally?
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NFTs on China’s BSN migrate to OpenSea to tap global market
Non-fungible tokens (NFTs) featuring famous traditional Chinese paintings by culture studio Rongbaozhai have been successfully transferred from China’s Blockchain-based Service Network (BSN) WenChang Chain to the OpenSea marketplace on the Ethereum blockchain, a milestone in the development of interchain NFT technology. Fast facts The transfer was made on Nov. 16 across four blockchains: WenChang Chain…
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Huobi Group poised to establish regional hub in Singapore
Huobi Group, which operates Chinese cryptocurrency exchange Huobi Global, has decided to set up a regional hub in Singapore, a representative of company has told Forkast.News. Fast facts In November, Huobi Global pledged to stop offering services to Singapore-based users from March 31, 2022, to comply with local laws, according to a company statement. Huobi…