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Crypto Yield Firm Haru Invest Sacks 100+ Employees Following Withdrawal Halt
23.6.2023
Haru Invest, a struggling South Korean crypto yield platform, has reportedly terminated contracts for over 100 employees.
"After much consideration, it comes with a heavy heart to inform you that we will be minimizing the operations of Haru Invest and its affiliated companies to prevent further...
BRICS: History, objectives and an overview of the global alliance
23.6.2023
Explore how the emerging economies of Brazil, Russia, India, China and South Africa cooperate in areas such as economics, development and global governance
Crypto Friendly Xapo Bank Expands to India, Rest of South Asia
22.6.2023
Xapo's CEO said the move "is in line with the positive shifts we are witnessing in Asia’s evolving crypto landscape."
South Korean Crypto Yield Firm Haru Invest Fires More Than 100 Employees: Report
22.6.2023
Earlier this month, Haru Invest halted withdrawals and deposits
Do Kwon gets 4 months in prison in Montenegro on fake passport charges
19.6.2023
Terraform Labs founder sentenced to four months in jail after being found guilty of using a false Costa Rican passport
South Korean Security Tokens Market ‘May Be Worth $287B by 2030’
17.6.2023
South Korea’s financial industry thinks the nation’s security token offerings (STO) market could be worth $287 billion by 2030, with the biggest commercial banks in the country “lining up” to get involved.
Per EDaily, the Hana Financial Group’s Management Research Institute predicted that...
Terra Luna Founder Do Kwon to Stay in Custody Amid South Korea's Extradition Request
16.6.2023
Do Kwon, the founder of failed blockchain project Terra, could stay in custody for up to six months while Montenegro's courts consider an extradition request from South Korea.
On Thursday, a Montenegro court extended Kwon's stay in custody for an additional six months as he awaits trial...
SEC argues against Dentons' motion to dismiss Terraform and Do Kwon's lawsuit
16.6.2023
Terraform and Do Kwon lawyers used a U.S. House hearing, Binance.US complaint and Hinman emails documents to dismiss the SEC lawsuit
France’s Macron Hopes to Attend BRICS Summit in South Africa, Report
16.6.2023
French President Emmanuel Macron wants to join the leaders of the BRICS nations when they meet in August, according to a press report. While his participation in the multipolar bloc’s summit is uncertain, Macron has already scheduled another summit in Paris to discuss the establishment of...
Do Kwon to Remain in Custody While Montenegro Courts Consider Extradition Request: Report
16.6.2023
Courts in the country approved bail for the Terraform Labs founder, but a South Korea extradition request is set to keep him in jail
Do Kwon heading into extradition custody in Montenegro after receiving bail: Report
15.6.2023
The Terra Labs co-founder will be held for up to six months while the Montenegrin court considers South Korea’s extradition request
Ripple partners with Colombia’s central bank to explore blockchain technology
15.6.2023
The pilot program will run through 2023 with the intent of demonstrating blockchain utility to the general public
S Korean Crypto Lender Delio Suspends Withdrawals – What Do We Know?
15.6.2023
The South Korean crypto lending platform Delio says it is “temporarily” suspending deposits and withdrawals, as financial regulators say they are “investigating” the situation.
The platform is a crypto lending service and wallet, which holds an official virtual asset service provider (VASP)...
Register Here for a Weekly News Update on Latin America
15.6.2023
Due to the unique traits it presents, Latin America has been a thriving region for cryptocurrency, as the technology aims to complement or even substitute traditional finance components that cannot be used in certain countries in the area. Marked by the vast differences between its countries...
Haru Invest files criminal complaint against consignment operator
14.6.2023
The South Korean yield platform said it has filed a criminal complaint against B&S Holdings and plans to initiate civil proceedings as well
South Korean Bitcoin lending platform Delio pauses withdrawals
14.6.2023
The virtual asset manager and lending platform suspended withdrawals following challenges at Haru Invest, a similar entity
Brazil’s president signs law aimed at having central bank regulate crypto firms
14.6.2023
The decree authorizes the central bank to regulate and supervise virtual asset service providers, and ensures the country's securities regulator will continue to handle many tokens
BRICS Bank President Dilma Rousseff Calls for the Creation of a Global South Focused Financial System
14.6.2023
Dilma Rousseff, president of the New Development Bank — also known as the BRICS bank — and former Brazilian president, has called for establishing a financial architecture designed for the so-called Global South. In a keynote speech at the 14th Lujiazui Forum, Rousseff remarked on the importance...
Crypto yield platform Haru suspends transfers after investigation
13.6.2023
The firm previously stated it had an issue with one of its service partners
South Korean Crypto Yield Platform Haru Invest Pauses Withdrawals and Deposits
13.6.2023
The firm blamed the pause on a “certain issue” with one of its service partners, and said it is working on a contingency plan, according to a blog update