The policy would potentially cover both the exchange’s hot wallets and cold storage addresses. Users of Hashkey Exchange Hong Kong will soon be able to receive insurance protection on digital assets custodied on the platform. According to local news reports on Sept. 6, Hashkey has signed a memorandum of understanding with fintech firm OneDegree for…
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The government in Seoul intends to submit new legislation tailored to facilitate the tracking and freezing of crypto used to fund the weapons programs of North Korea. A bill has been drafted after extended consultations between ministries with the aim to make South Korean sanctions more effective and improve the country’s cybersecurity.
South Korean Government…
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Visa announced on Tuesday that it plans to use the Solana blockchain for settling transactions with USDC, a major stablecoin. The financial company stated that this decision could speed up cross-border payments and offer an updated method for transferring funds. With widespread cryptocurrency adoption on the rise, what are the best cryptos to buy now?……
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The firm behind the “Crypto Wealth Report” said it received a spike in the number of crypto-related inquiries by millionaires in the last six months. A report released by London-based investment migration consultancy firm Henley & Partners suggests there were more than 40,000 crypto millionaires in the world holding Bitcoin. According to the “Crypto Wealth…
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The accounts had over 8 million in combined followers before they were removed. Sina Weibo — one of the most popular Chinese social media apps, with over 258 million daily active users — has removed 80 influencer accounts promoting cryptocurrency activities, citing official legislation. According to the Sept. 5 announcement, 80 crypto influencer accounts, with…
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The exchange will repurchase a total of $180 million in 2031 senior notes. Cryptocurrency exchange Coinbase has upsized its debt buyback offer from $150 million to $180 million. According to the Sept. 5 announcement, Coinbase will commit $180 million to buying back its 3.625% senior notes due 2031. The offer will lapse on Sept. 18 at…
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KEB Hana Bank and BitGo plan to launch a joint cryptocurrency custody venture in the second half of 2024. One of the largest South Korean banks, KEB Hana Bank, is moving to offer digital asset custody services through a new partnership with major cryptocurrency custody firm BitGo Trust Company. KEB Hana Bank has signed a…
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Lack of cryptocurrency regulations have made the legal work on crypto bankruptcies more difficult and expensive, FTX lawyers said. The legal industry has emerged as a major winner amid cryptocurrency collapses like FTX and Celsius, generating hundreds of millions of dollars for lawyers. Lawyers, accountants, consultants, analysts and other professionals have collected at least $700…
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Grayscale victory doesn’t help Bitocoin spot ETF approval on first deadline as SEC postpones decison to next deadline. On Aug. 29, crypto asset manager Grayscale Investments scored a major victory against the United States Securities and Exchange Commission in its efforts to convert its over-the-counter Grayscale Bitcoin Trust (GBTC) into a listed Bitcoin exchange-traded fund…
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Tharman Shanmugaratnam has served as Singapore’s finance minister and the head of the country’s financial regulator during his time in government. Tharman Shanmugaratnam, former chair of the Monetary Authority of Singapore, has won the election for the city-state’s presidency with more than 70% of the vote. According to multiple reports from Sept. 2, Shanmugaratnam defeated…
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