Black Friday in South Korea as crypto exchanges announce shutdown
All but four platforms in South Korea obligated to announce the suspension of their services by today.
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India’s largest public bank bars payments to crypto exchanges
Most banks distance themselves from virtual asset platforms as the country’s central bank lobbies for a ban.
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China’s Inner Mongolia seeks out stealth crypto mining operations
China’s Inner Mongolia region — once a thriving cryptocurrency mining hub that has enacted a series of measures to rein in the sector — is tightening its crackdown by hiring a contractor to monitor and ferret out mining operations. Fast facts The Inner Mongolia Development and Reform Commission announced on Wednesday a bidding result for…
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U.S. Treasury prepares to recommend stricter regulation on stablecoins
The U.S. Treasury is preparing a raft of recommendations for stricter oversight of Tether and other stablecoins, as unnamed insiders say the department has identified the greatest risks posed by the tokens, according to a recent Bloomberg report. Fast facts Making sure investors are able to transfer money in and out of tokens is a…
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Institutional DeFi poised to become a $1 trillion industry, Blockdata says
Blockchain research firm sees explosive growth in smart contract-based products that can replace existing financial services.
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How quadratic funding promotes projects for the common good
What is quadratic funding, and why is this mathematical method ideal for allocating capital for a community? Pranav Sharma of Woodstock Fund explains.
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Canaan sees strongest ever quarterly sales results
Leading Chinese crypto mining hardware manufacturer attributes robust revenue to ‘substantial increase in total computing power sold.’
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China’s blockchain infrastructure project goes live in Hong Kong, Macau
Blockchain-based Service Network (BSN) soft launch is the first attempt to roll out the state-backed ‘internet for blockchain’ outside of the Chinese mainland.
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Insider trading scandal rocks world’s biggest NFT platform OpenSea
As the trading volume in non-fungible tokens begins to slow down from recent record heights, leading NFT marketplace OpenSea has been rocked by an insider trading scandal involving a senior team member. Fast facts The company, dubbed “the eBay of NFTs,” issued a statement yesterday acknowledging it became aware on Tuesday that an employee had…
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How you can own a (tiny) part of a Thai beachfront villa for US$150
Blockchain and tokenization are transforming how real estate can be bought and sold. Here is how one fintech startup in Asia is using digital fractionalization to raise capital.