The government of Laos has authorized six firms to trade and mine cryptocurrencies, ending a ban imposed in 2018, according to a recent notice from the prime minister’s office. Fast facts Laos had implemented a complete ban on cryptocurrencies three years ago, including on trading and mining activities. As recently as last month, the country’s…
Mid-sized crypto exchange Foblgate announced the closure of its Korean won (KRW) trading functions in advance of a government mandate banning digital asset platforms from operating cash-to-crypto services without a local bank partnership. Fast facts Foblgate announced it is temporarily suspending its KRW withdrawal, deposit and trading market between cryptocurrencies and the Korean won. Instead,…
Financial authorities reveal an updated list of virtual asset platforms that have complied with new regulations.
A tourist spot in South China’s Hainan province to hand out digital yuan, while Shenzhen tests adoption for Hong Kong residents.
More provinces in China are putting new limits on the cryptocurrency mining sector, as the country works toward its carbon neutrality goals and concerns over cryptocurrency trading loom. Fast facts Authorities in North China’s Hebei province today issued a notice to crack down on cryptocurrency mining and trading activities, saying that crypto mining consumes huge…
Scams and fake news have long dogged the crypto world. This week saw two major blockchain companies and a global retailer get swept up by hack rumors or hoaxes.
Florida-based non-fungible token (NFT) platform Recur announced it has received backing from Steve Cohen, owner of Major League Baseball’s New York Mets, in its US$50 million series A funding round. Fast facts The financing round, which valued Recur at a US$333 million post-money valuation, was led by Digital, a metaverse investment platform backed by Cohen’s…
In the latest response to a growing interest in non-fungible tokens, Beijing Business Today faults an art marketplace.
Ernst & Young, one of the Big Four consulting multinationals, announced today it has integrated India-based Polygon, a Layer 2 Ethereum scaling solution, to allow its corporate clients to process blockchain-based transactions on the Ethereum mainnet. Fast facts EY has connected the public Polygon commit chain with EY’s blockchain services including EY OpsChain and EY…