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South Korea Regulator Holds Firm Stance Against Crypto ETFs Approval


Source: AdobeStock While the US has finally approved a decade-long wait for Bitcoin exchange-traded funds (ETFs), South Korea still stands firm in banning BTC ETFs. South Korea’s Financial Services Commission (FSC) said that the launch of virtual currency ETFs is “impossible”...

South Korea Upholds Crypto ETF Ban Amid Country’s Rising Bitcoin Premiums


South Korea persists in its stance against allowing financial institutions to invest in digital currencies, effectively blocking the launch of any crypto exchange-traded fund (ETF) within its borders. A representative from the Financial Services Commission (FSC) clarified to local journalists that...

How To Take Control Of Your Privacy Settings On PS5


Consumer electronics these days seem a little too willing to share your information. Smartphones are ever too eager to grab your data, and these days you can barely trust Windows when it comes to ads and personal information collection. And video game consoles like the PS5 are no exception. Read...

10 Days Into 2024 And 2300+ Video Game Layoffs Have Been Announced


Within the last few years, video game industry layoffs have unfortunately become more commonplace. In 2023, we saw near-weekly layoffs across the entire industry. When the dust had settled, at least 6,000 jobs across publishers, developers, and other video game-related companies had happened....

BitGo Gains In-Principle Approval from Authority to Operate in Singapore


Source: Pixabay / sasint BitGo has recently been granted in-principle approval from Singapore’s Monetary Authority of Singapore (MAS) for a Major Payment Institution license. According to a social media post published by the established American digital asset custody firm, BitGo is one step...

New York DFS “Needs to Do More” on BitLicense program: State Comptroller


Source: Pixabay Thomas DiNapoli, New York State Comptroller, highlighted that there is a potential deficiency in the state’s financial regulator’s supervision of virtual currency licenses. The Office released a report stressing that the Department of Financial Services (DFS) “needs to...

South Korea Proposes Ban on Credit Card Crypto Purchases


Amidst a national surge in crypto trading, South Korea’s FSC is proposing a significant change to their credit finance laws, potentially barring citizens from the use of credit cards in cryptocurrency transactions. South Korea Aims to Tighten Crypto Regulations with Proposed Credit Card...

Bankruptcy Move: FTX Ventures Cuts Deal with Dave for $100 Million Stake


Source: Sora Shimazaki / Pexels Dave, a fintech firm specializing in financial services through its mobile application, is set to acquire a $100-million convertible promissory note previously issued to FTX Ventures, the venture capital arm of bankrupt crypto exchange FTX.  The deal involves Dave...

Visa Unveils Web3 Loyalty Program


Visa announced a web3-based loyalty program for its customers Thursday in the hopes of creating an immersive,valued-added experience for its users. “Seamless and immersive digital real-world experiences” According to a press release from the payment services company, the newly launched service...

Huobi Korea Announces Closure Citing Challenging Business Environment


Source: Adobe South Korean cryptocurrency exchange Huobi Korea has announced the shut down of its services with effect from January 29, 2024. The decision comes in response to what the company described as a challenging “business environment.” Established in 2017, Huobi Korea...

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