South Korea’s Bithumb exchange has been officially registered under the Financial Intelligence Unit (FIU). This makes all four major exchanges of the country licensed to operate virtual assets including cash-to-crypto services. Fast facts The FIU announced on Nov. 19 it has registered Bithumb as an official virtual asset business. The country’s other three major exchanges…
El Salvador — the first country in the world to adopt Bitcoin as legal tender in September — plans on building the world’s first “Bitcoin City,” an entire city to be funded by Bitcoin bonds and powered by geothermal energy from one of the country’s many volcanoes, according to El Salvador’s official presidential Twitter page.…
More than 85 members of the WEF Digital Currency Governance Consortium contributed eight white papers on CBDC and stablecoins.
The securities markets regulator ordered $3.85B in fines, while new actions included ‘emerging threats’ in the crypto industry.
Every morning at Upbit, the nation’s largest cryptocurrency exchange, a brief and odd surge in random altcoin prices takes place. Which crypto will it be tomorrow?
Alibaba’s blockchain branch Antchain has set a time threshold for transferring “digital collectibles” — non-fungible tokens, or NFTs — to prevent what it calls “malicious hype” amid Beijing’s unsupportive attitude towards NFT trading. Fast facts “Digital collectibles” refers to NFTs. Tech giants in China began referring to NFTs as “digital collectibles” amid Chinese state media’s…
Bank of Korea’s (BOK) deputy governor Bae Joon-suk says its central bank digital currency (CBDC) development is “not one step behind that of any other country.” However, South Korea still has no plan to adopt a state-backed digital currency. Fast facts Bae spoke at Bank of Korea’s online conference on payment and settlement systems yesterday,…
Out of nowhere, a leaderless ‘flash mob’ of crypto investors pops up to buy a rare copy of the US Constitution. What are DAOs and how do they work? Forkast.News explains.