S. Korea energy conglomerate builds US$84 mln metaverse fund
Daesung’s venture capital subsidiary recently established a fund worth 110 billion Korean won (US$84.5 million) for expanding investments into metaverse startups.
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Markets: Bitcoin dips back below US$17,000, Ether falls, Dogecoin leads losers list
Bitcoin fell back below US$17,000 in Friday morning trading in Asia. Ether and all other non-stablecoin top 10 cryptocurrencies by market capitalization also lost ground.
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VPN in China may be at risk as users report connection issues on Twitter
VPN services, a reliable tool for Chinese internet users to bypass the Great Firewall, are reporting connectivity issues in the mainland after anti-lockdown protest content flooded Twitter.
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Sam Bankman-Fried points blame for FTX collapse to Alameda, says he was blindsided
Bankman-Fried beamed into New York from the Bahamas to give his version of what happened at FTX, mentioning his own failure of oversight and being “frankly surprised” by what was going on at his company’s sister brokerage.
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FTX collapse will blunt activities of North Korea hackers, analyst says
The collapse of FTX.com and its far-reaching impacts will hinder North Korea’s ability to profit from cryptocurrency hacks, says one analyst.
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Troubled Hong Kong crypto exchange AAX unlikely to reopen, says former executive
Hong Kong-based crypto exchange AAX is likely to end operations and restructure, former head of communications, Ben Caselin, told CoinDesk TV on Wednesday.
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U.S. crypto exchange Kraken to lay off 30% of its workforce, cites ‘market conditions’
U.S.-based crypto exchange Kraken said it will lay off 30% of its global workforce, or approximately 1,100 people, to “adapt to current market conditions.”
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It’s time for more institutions to adopt blockchain and crypto: Opinion
Despite the myriad benefits of blockchain and cryptocurrency, institutional interest remains mixed in Asia Pacific. What lessons should the industry learn from 2022 to overcome the barriers to adoption?