Circle contributes to $4.3M Series A funding round for yen-backed stablecoin
As Circle expands into Asia as part of a global expansion plan, what does the investment in a yen-back stablecoin mean for the market?
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China sees another digital yuan fraud case
Chinese police have busted yet another tele-fraud case related to e-CNY money laundering as the country continues to test the digital currency.
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India’s 1st parliamentary meeting on crypto ends with consensus on regulation — and no ban
While the government has yet to figure out the details, a crypto regulatory regime is expected to be released before February.
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Baby Sharks from most-viewed YouTube video released in NFTs
The maker of the catchy children’s song and dance video of Pinkfong Baby Shark is launching NFTs (non-fungible tokens) of its globally beloved characters with upgraded design and music. Fast facts SmartStudy, a South Korean educational entertainment company and the creator of the Pinkfong Baby Shark, announced a partnership with MakersPlace, a digital art marketplace.…
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UAE’s LuLu Exchange, Pakistan’s Bank Alfalah partner on cross-border payments
LuLu Exchange, a financial services company in the United Arab Emirates (UAE), and Pakistan’s Bank Alfalah are partnering to bring faster and more cost-effective cross-border payments and remittances from the UAE to Pakistan using RippleNet. Fast facts Bank Alfalah’s integration with RippleNet — Ripple’s global payments network for financial institutions — and its launch with…
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Earnings for Axie Infinity players drop below Philippines minimum wage
After shooting to prominence earlier in the year and bringing huge profits to early adopters, earnings for players of blockchain-based game Axie Infinity have dropped below the minimum wage line for most players in the Philippines, according to a recent report by research firm Naavik. Fast facts Using data sourced from the official website of…
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Bitcoin, Ethereum prices drop as crypto funds see record $9B in inflows this year
Cryptocurrency prices dropped again this morning Asia time, with Bitcoin and Ethereum trading 7% and 8% lower respectively in 24-hour trading, according to CoinGecko data. In the meanwhile, a new CoinShares report on institutional investing in cryptocurrency found record inflows year-to-date, suggesting that big investors overall are still bullish on crypto. Fast facts Bitcoin — the…
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A crypto trader is rescued after being kidnapped by local gang for six days
A crypto investor in Hong Kong was rescued six days after being kidnapped earlier this month when he tried to meet a buyer offline who promised to purchase his Tether tokens.
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SEC enlists court to compel Terraform Labs and its CEO to testify
The creator of the Mirror protocol and its CEO Do Kwon have little recourse but to comply with the SEC subpoena to produce documents and testify.
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Taproot is the biggest Bitcoin upgrade in 4 years — what it means, and price reaction
While Ethereum leads the market in smart contracts, Bitcoin’s Taproot upgrade could help the world’s oldest blockchain emerge as a future contender. Here’s why.