Scams are bullish for crypto
After recent scams were uncovered involving Walmart and Kroger, and Bitcoin Cash and Litecoin, why did the stock prices fall while the crypto prices rallied?
-
-
‘Double Eleven 2021: Common Prosperity’ — how an NFT project examines Chinese tech giants’ dominance
In a 48-second, computer-generated 3D animation, ROK uses a decentralized format to offer an ironic take on China’s internet giants crowding to host the shopping holiday.
-
South Korean court favors investors in crypto-hacking lawsuit against exchange
The Seoul District Court made an unprecedented ruling in favor of investors who lost their virtual assets in a hacking incident at crypto exchange Coinrail. Fast facts On Wednesday, the court ruled that Linus Co., the operator of the Coinrail exchange, needs to pay the plaintiffs 380 million Korean won (about US$320,000). The plaintiffs, consisting…
-
For China, quantity of blockchain patent applications not necessarily quality: report
The greatest number does not mean the greatest significance, analytics firm PatSnap says.
-
Philadelphia joins Miami, NYC in city government blockchain ambitions
Inspired by Miami’s launch of a city token — MiamiCoin — Mark Wheeler, the city of Philadelphia’s chief innovation officer, announced an initiative to bring blockchain and Web 3.0 technology to city governance. Fast facts Wheeler is currently conducting a discovery process to hold conversations with blockchain and Web 3.0 technology developers to understand the…
-
Kazakhstan’s legal crypto miners won’t face power restrictions: energy minister
While Kazakhstan — a popular destination for Chinese crypto miners as they look for more regulation-friendly shores — continues to face power shortages, the country’s energy minister has said the authority will not restrict power consumption for legal crypto miners, according to a government statement. Fast facts Magzum Mirzagaliyev, Kazakhstan’s minister of energy, said at…
-
Funding in crypto firms in Southeast Asia surges over 400% in 2021
Amid rising retail and institutional investor interest in cryptocurrencies like Bitcoin and Ethereum, investments poured into crypto firms in Southeast Asia in the first nine months of 2021 surged by over 400% compared with full year 2020 to US$356 million, according to the FinTech in ASEAN 2021 report by UOB, PwC Singapore and the Singapore…
-
SEC halts token registration of America’s first legal DAO
The U.S. Securities and Exchange commission halted the token registration of American CryptoFED, the first legally recognized decentralized autonomous organization in the U.S. Fast facts Wyoming-based American CryptoFED became the first DAO in the U.S. to achieve legal status in July after Wyoming passed a law that recognized DAOs as limited liability companies. A DAO…
-
Crypto markets shudder as Evergrande fears re-emerge
As speculation continues over the fate of the Chinese property development giant, crypto markets were not spared the downturn over fears of its potential collapse.
-
Ripple to launch ‘game-changer’ liquidity hub amid XRP legal battles with SEC
Trying to move beyond XRP, Ripple hopes its customers will join RippleNet with a wallet that supports fiat and other cryptos like Bitcoin and Ether.