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South Korean ‘Crypto Drug Dealer’ Jailed for 7 Years


A South Korean court has sent a drug dealer who sold narcotics to crypto-paying “customers” to jail for seven years. Per the news agency Yonhap, the Criminal Division of the Busan District Court also ordered the unnamed individual – referred to by the media as “A” – to pay a fine of over $9,000....

Okx Exchange Announces Plans to Compensate Users After OKB Token Flash Crash


Following a sudden plunge in the value of its native token OKB, which fell over 50% in a matter of minutes, Okx exchange has committed to developing a compensation plan for users caught in the resultant wave of automatic liquidations. Okx Exchange to Roll Out Compensation After Unexpected OKB Token...

Palworld Has Sold An Astonishing Number Of Copies In Five Days


Everyone’s talking about Palworld, developer Pocketpair’s open-world survival creature-collector that came out in early access on January 18. From the AI allegations to the Pokémon comparisons, this game has become 2024’s first gaming phenomenon. And now, we have some eye-popping data to back that...

Polygon (MATIC) Competitor Pandoshi (PAMBO) Raises $2 Million in Presale


A new decentralized finance (DeFi) platform, Pandoshi (PAMBO), is creating quite a stir in the crypto community. This multi-faceted ecosystem has raised an impressive $2 million in its ongoing presale, showcasing its vast potential in the DeFi space. Powered by a Layer 2 network and...

Stablecoin Market Capitalization Soars to 11-Month High, Taps $134 Billion


The stablecoin market capitalization has surged to its highest point in 11 months with increased network activity recorded at the start of the year. A recent market research by cryptocurrency analytics firm, CCData shows an increase in the stablecoin market as the wider digital asset market...

Crypto Lender Abra Settles Lawsuit, Will Reopen Customer Withdrawals


Crypto lender Abra has reached a tentative settlement with the Texas State Securities Board. According to a document published January 22nd, Abra has agreed to reimburse the assets invested by the state’s residents. The document highlights that Abra has begun winding down its U.S. retail...

Indonesia Sees Sharp Decline in Crypto Tax Revenue, Falling 63% in 2023


The Indonesian government has reported a significant decline in crypto tax revenue for 2023, amounting to $31.7 million (Indonesian Rupiah 467.27 billion), according to a report by local news outlet Kontant. The fall marks a sharp 63% drop compared to the partial collection period in 2022 when...

Rari Foundation Launches Mainnet for RARI Chain on Arbitrum


The RARI Foundation has launched the mainnet for RARI Chain on Arbitrum. Built with Caldera by leveraging an Orbit chain, RARI Chain utilizes the Arbitrum Nitro tech stack, introducing a unique feature of embedding royalties on the sequencer level. For the launch of mainnet, Rari Foundation...

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