The Financial Supervisory Commission (FSC) of Taiwan has announced its intention to propose a new draft of digital asset regulations for the country in September 2024. The upcoming draft bill will aim to create more effective regulations for digital asset markets and to assure the safety of investors, said Huang Tien-mu, chairman of the FSC,...
Fallen crypto exchange FTX has opened its claim window for creditors to retrieve their crypto assets. However, the exchange has faced criticism on social media from users who have blasted FTX for pricing major crypto assets significantly lower than their market values. An X post on March 2nd from crypto reporter Colin Wu, who goes...
South Korean crypto controversy continues as police announced the investigation of a firm linked to a gaming coin. Officers think company officials tricked a group of people in their late 50s and 60s by tricking them into paying for “insider crypto tips.” Per Chosun Ilbo, police in Seoul’s Jongno District said on March 4 that...
Coinbase’s trading platform is once again encountering technical problems amid heavy trading activity in the cryptocurrency market, with some users experiencing issues such as displaying a $0 account balance. We are aware some users may experience increased latency across https://t.co/ohqDivlp6Y and a few users may see intermittent zero balance. Rest assured, your funds are safe....
Avail’s Goldberg testnet has successfully processed over 100 million transactions, marking a pivotal achievement in its preparation for a mainnet launch. 100 million transactions on the Goldberg testnet!!! Do you see that?! Shoutout to @subscan_io for building Avail’s newest explorer 🫶 You can see it for yourself here – https://t.co/dD2DiTrLtQ https://t.co/hZ7HcobKR9 — Avail | ✈️...
BRICS nations are set to create an independent blockchain-based payment system, incorporating digital currencies to enable smoother and cost-effective global transactions. The announcement, made by Kremlin aide Yury Ushakov in an interview with the Russian News Agency TASS, highlighted the coalition’s objective to enhance financial autonomy from the US dollar through cutting-edge digital and blockchain...
Wormhole might just be gearing up for one of the biggest airdrops in history. Wormhole is currently trading at around $2.5 in pre-market over the counter (OTC) trades. According to the protocol’s tokenomics paper, there are 1.1 billion W tokens available for immediate trading on listing. At today’s price, that means the airdrop will unlock...
Do Kwon, the founder of Terraform Labs, has received a legal reprieve as a Montenegro court overturned a previous ruling for his extradition to the U.S. The Appellate Court of Montenegro overturned the extradition decision made by a court in Podgorica, sending the case back for retrial. Do Kwon Wins Extradition Again Following a panel...
The Bank for International Settlements (BIS) released recommendations for the regulation, supervision, and oversight of global stablecoin arrangements in a February 29 executive summary. The international financial institution acknowledged the potential of stablecoins to enhance the efficiency of financial services, but they also highlighted the possibility of the assets generating risks to financial stability. Potential...
AfreecaTV BJ (broadcast jockeys) stars have become the latest targets of increasingly sophisticated South Korean crypto scammers. Asia Kyungjae reported that the Seoul Central District Court sentenced a “man in his thirties” to five years in prison for crypto-related fraud. AfreecaTV BJ Stung to Tune of $1.6m AfreecaTV is South Korea’s leading real-time streaming platform,...