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SK Telecom’s metaverse expansion in SE Asia for ifland publishing
27.11.2023
SK Telecom Company, situated in South Korea, has inked a deal with three separate IT businesses in Southeast Asia to further its metaverse market plans in the territory. The company formed strategic collaborations with CelcomDigi Berhad of Malaysia, Agate of Indonesia, and Philippines-based Cosmic...
Today in Crypto: Binance Shows Greater Net Flows Resilience, Capital is Flowing Out of US into Asia, OKX Applies for Hong Kong VATP License
24.11.2023
Source: AdobeStock / Diego Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. __________ Market news Contrasting with the crisis experienced by exchanges like FTX, Binance has demonstrated greater resilience...
HTX hacked again for $13.6M, 100K Koreans test CBDC, Binance 2.0: Asia Express
24.11.2023
HTX hacked for $13.6M — the ecosystem’s fourth hack in recent months — 100K Koreans test out CBDC, and Binance is dead, long live Binance!
DOJ Announces Aeizure of $9 Million of Tether Tied to ‘Pig Butchering’ Scams
21.11.2023
On Tuesday morning, the U.S. Department of Justice announced the seizure of nearly $9 million worth of Tether linked to “pig butchering” scams that exploited over 70 victims. How the fraudsters did it Originating in Southeast Asia, “pig butchering” is a practice conducted by perpetrators who prey...
Wintermute Asia Processes Its First Options Block Trade Through CME Group
21.11.2023
The market maker partnered with CME Group to meet the growing institutional investors' interest in gaining exposure to digital assets
Tether Freezes $225 Million in USDT After DOJ Investigation, Calling It ‘Largest-Ever Freeze of USDT’
21.11.2023
Tether has announced the “largest-ever freeze of USDT in history.” In collaboration with crypto exchange Okx, Tether froze $225 million in USDT following an investigation by the U.S. Department of Justice (DOJ). The tokens were allegedly linked to an international human trafficking...
Today in Crypto: Investor Interest in Crypto Startups is Low in 2023, Credefi Finance Integrates with XRP Ledger
20.11.2023
Source: a video screenshot, XRP Ledger Foundation / YouTube Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. __________ Investment news Crypto startups have raised $2.1 billion year-to-date, or nearly...
APEC Meeting: Yellen Acknowledges Digital Assets’ Potential, Announces Regulation Advancements
17.11.2023
U.S. Treasury Secretary Janet Yellen has acknowledged the advantages that the adoption of digital assets might bring to several key economic activities. After the Asia Pacific Economic Cooperation (APEC) finance ministers’ meeting, Yellen stated that while digital assets do pose risks, they...
Asia-based Crypto Exchange XREX Secures In-Principle Approval for Major Payment Institution License in Singapore
17.11.2023
Source: AdobeStock / Richie Chan On November 16, XREX, an Asia-based cryptocurrency exchange specializing in cross-border payments, achieved a significant milestone by receiving in-principle approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license. This...
CBDC’s Not Yet Ready for Mainstream, Says Mastercard Expert
17.11.2023
Source: Pixabay / AKuptsova Mastercard’s expert Ashok Venkateswaran has expressed skepticism about the current viability of widespread central bank digital currencies (CBDC), claiming that the broad adoption of CBDC could be “difficult,” according to CNBC. Venkateswaran, Mastercard’s Blockchain...
AVAX, NEAR Beat Ether and Bitcoin as Wall of Red Continues in Asia
17.11.2023
AVAX is up 8% in the last 24 hours, while bitcoin is trading below $36,500
No civil protection for crypto in China, $300K to list coins in Hong Kong? Asia Express
17.11.2023
Chinese court knocks back civil lawsuit over “illegal” crypto, Hong Kong exchanges gain momentum, The Block gets $60M from Singapore firm
There Is a World of Web3 Outside the U.S. and Europe
16.11.2023
South Korean Traders Drive Recent Crypto Surge as Exchanges’ Market Share Jumps to 13%
16.11.2023
Source: Pixabay Traders in Asia, especially in South Korea, have emerged as key drivers behind the recent rally in crypto market over the past two months. Data compiled by CCData reveals a substantial increase in the market share of South Korean-based exchanges, reaching 12.9% in November compared...
Kazakhstan’s NPC Officially Rolls Out State-backed CBDC in Partnership With Visa and Mastercard
15.11.2023
Source: Iliya Mitskavets/Adobe Central-Asia Country Kazakhstan has officially launched the digital tenge project, a central bank digital currency (CBDC) designed to simplify payments and drive economic growth. According to a local news outlet report on November 15, Binur Zhalenov, CEO of...
Sora's First Summit Brought Sam Bankman-Fried to Hong Kong. Now, They've Got Their Eyes on Taipei.
15.11.2023
Jason Fang and Sora Ventures have opened up shop with a marquee office in Taipei 101, and want to revolutionize science with the bitcoin blockchain
Ripple’s Navin Gupta Stresses the Importance of Activity-Based Crypto Regulation – Here’s What You Need to Know
15.11.2023
Navin Gupta, Ripple’s Managing Director of South Asia, Middle East, and North Africa. Source: Ripple / X Navin Gupta, the Managing Director of South Asia, Middle East, and North Africa at the US blockchain and payments firm Ripple, has reiterated the necessity of adopting an activity-based...
Crypto Regulation News Weekly Digest: Major Nations Commit to Crypto Tax Reporting Standard and EU Issues Draft Stablecoin Guidelines
14.11.2023
Nations and authorities advance crypto regulations across taxation, stablecoins, geo-blocking, and compliance this week. Image by motortion, Adobe Stock. Last week brought several noteworthy developments in the evolving crypto regulation scene across the globe. Major nations made efforts towards...
Finance Ministers from APEC Nations to Share Crypto Insights in San Francisco
14.11.2023
Image Source: Pixabay The Asia-Pacific Economic Cooperation (APEC) summit has drawn global attention to discussions on regional economic cooperation, including crypto regulations. The event, which commenced on November 11 in San Francisco, saw the finance ministers’ meeting on November...
APEC finance ministers to share perspectives on crypto at meeting in San Francisco
13.11.2023
U.S. Treasury Secretary Janet Yellen said she is looking forward to hearing from the finance ministers of some of the world’s most crypto-forward countries