Top South Korean exchange accused of listing faulty tokens for fees
A lawmaker claims Upbit earned hundreds of millions by listing sketchy cryptocurrencies, while the exchange rebuts that it follows fair and strict standards.
-
-
Sky Mavis receives $3B valuation in funding round amid tumultuous period for Axie Infinity
Sky Mavis, the company behind leading non-fungible token game Axie Infinity, has raised US$152 million in a Series B funding round with a valuation of nearly US$3 billion, according to news outlet The Information. Fast facts Led by venture capital firm Andreessen Horowitz, Sky Mavis said it will use the funds to improve its blockchain…
-
Bitcoin price crosses $50K, but market dominance continues falling
This is the second time the world’s largest cryptocurrency has hit the mark in recent months. Does that mean this price point is here to stay?
-
U.S. Bank launches Bitcoin custody service as more banks enter crypto realm
U.S. Bank, the country’s fifth-largest retail bank, will now offer custody services for cryptocurrencies, starting with Bitcoin, the bank announced on Tuesday. New York Digital Investment Group, a fintech firm dedicated to Bitcoin, is the first crypto sub-custodian in the bank’s network of providers, the statement said. Fast facts The services are geared toward institutional…
-
What are the biggest challenges for institutions that adopt crypto?
What does it mean to provide ‘institutional’ crypto services, and what role does blockchain technology play? Robert Cooper of Digivault explains.
-
Petitioners oppose looming 20% crypto tax in South Korea
Crypto investors say virtual asset gains will be taxed on uneven grounds compared to stock capital gains.
-
What is Hong Kong’s future as a crypto hub?
Hong Kong, a hotbed for crypto startups and exchanges, is at a crossroads, writes Jeremy Ng of Gemini. Here’s how the industry can better secure its future.
-
Central and Southeast Asia among fastest-growing regions in global crypto adoption: Chainalysis
Much of the growth in the region is driven by strong grassroots adoption rates led by Vietnam, India and Pakistan, new data from Chainalysis shows
-
Bitcoin funds lead 7th consecutive week of inflows: CoinShares data
Bitcoin investment products saw inflows of US$69 million last week amid improving investor sentiment, according to digital assets fund manager CoinShares. Fast facts “We believe this decisive turnaround in sentiment is due to growing confidence in the asset class amongst investors and more accommodative statements from the U.S. Securities [and] Exchange Commission and the Federal…