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Crypto Prosecutor Thwarted in Bid to Leave Post – and Join an Exchange


A high-flying South Korean prosecutor from the Ministry of Justice has been left out of work after controversy arose over his attempted move to take on a post as a legal adviser for a major domestic crypto exchange. Yonhap reported that the Ministry of Justice had announced that the prosecutor...

Metis: First Ever Community-Minted NFT Attracts Buyers Early Bid of 7 ETH


Disclaimer: The text below is a press release that was not written by Cryptonews.com. The first ever community-minted NFT launched at OpenSea this week, attracting a bid of 7 ETH for this historic event and giving 256 lucky users the opportunity to share the proceeds of the NFT auction with...

Anonymous Buyer Submits 5 ETH Opening Bid for First Ever Community-Minted NFT


Disclaimer: The text below is a press release that was not written by Cryptonews.com. The first ever community-minted NFT is generating FOMO before its auction has even begun, attracting a bid of 5 ETH from an anonymous buyer a day before bidding is set to begin. The NFT is being minted by members...

First Bank Caps Remittances in Bid to Block Kimchi Premium Opportunists


One of South Korea’s biggest commercial banks, Woori, has fallen into line with government efforts to restrict the flow of money overseas in crypto purchases by imposing limits on remittances made to individuals and companies based in China. Woori was the first to blink after the government...

Bitcoin and Ethereum Remain Well Bid, DOGE Hits New ATH


Bitcoin price recovered above the USD 56,000 and USD 57,000 levels. BTC is currently (12:00 PM UTC) consolidating gains above USD 56,500. If the bulls gain momentum above USD 58,000, there could be a sharp upward move. Similarly, most major altcoins are showing positive signs. ETH is facing strong...

Tron’s Justin Sun Unveils NFT Fund Aimed at Art Acquisition


Hot on the heels of a recent winning auction bid for Beeple’s “Ocean Front” NFT, Justin Sun is making another splash in the NFT market following his decision to seed an investment fund that collects high-profile works of art. Fund Just One Leg of Sun’s Ambitions in The...

Upbit Operator May Follow Coinbase with Nasdaq IPO Bid – Analysts


South Korean analysts claim that Dunamu, the operator of the crypto exchange Upbit, could be heading for an initial public offering (IPO) – and, possibly inspired by Coinbase’s own IPO bid, may choose to launch on America’s Nasdaq exchange rather than a domestic alternative. Per a report from...

Kentucky Pushes Mining Tax-Breaks in Bid to Attract Crypto Community


The Kentucky House Budget Committee approved a bill in a 19-2 vote to eliminate the sales tax on electricity for use in cryptocurrency mining operations. The bill, designed to attract more miners to the state, is now in the Kentucky Senate for review. Lawmakers Urge Greater Crypto Appeal Despite...

Justin Sun Denies Bid to Enlist 13.6m-sub YouTuber as Tron ‘Shill’


Marques Brownlee. Source: A video screenshot, Youtube/Marques Brownlee A YouTuber with over 13.6 million subscribers and over 5 million followers on Twitter said he was approached about promoting the tron (TRX) token – a charge which Tron chief Justin Sun has rushed to deny, despite skepticism...

Travel Firm Backed for USD 50m in Bid to Develop ‘Killer DeFi App’


Travel industry player Maps.me has taken the DeFi plunge with a USD 50m fundraising effort it has described as “an investment into the embedded DeFi ecosystem.” In a press release shared with Cryptonews.com, the firm revealed that its backers in the USD 50m drive include the Berkeley and Hong...

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