The Korea Financial Intelligence Unit (KoFIU) recently held a meeting with representatives from the Korean crypto industry, urging them to intensify their efforts in preventing illegal activities within the sector. This move comes as the South Korean government takes a more assertive approach towards regulating and monitoring the cryptocurrency market. The Creation of a Strategic
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Wyoming, a crypto-friendly state in the US, is looking to hire an executive director for its new stablecoin project. The position offers an annual salary of $150,000, which is higher than the state governor’s salary. The executive director will oversee the Wyoming Stable Token Commission, which was established after the passing of the Wyoming Stable
The crypto market has been through ups and downs in recent years, with the peak in late 2021 followed by a period of uncertainty and regulatory scrutiny. However, Binance’s Half-Year Report 2023 highlights the industry’s resilience, showcasing positive growth in market capitalization on various timeframes. Despite facing challenges, the crypto market has seen notable developments
Charlie Shrem, the founder of the now-defunct Bitcoin exchange Bitshrem, has undergone a significant transformation in his career after being imprisoned for crypto violations eight years ago. Shrem is now a general partner at Druid Ventures, a prominent early-stage crypto venture capital firm that specializes in providing growth and strategic advisory services. Instead of being
The decision by the Nasdaq stock exchange to shelve its plans for a crypto custody service has triggered a wave of reevaluation among other US financial institutions. Citigroup, a major investment bank, is now rethinking its approach to crypto, while State Street, a prominent asset manager, has terminated its deal with a London-based crypto custody
Americana, in partnership with the renowned OpenSea NFT marketplace, has introduced its concierge vaulting platform, allowing collectors to securely store, exhibit, and trade both physical and digital assets. This revolutionary offering, announced on July 21, opens up Americana’s vaulting services to the general public. Aspiring collectors can now submit applications to store up to three
The world of cryptocurrency and blockchain technology is on the cusp of a significant revolution. According to Jesse Pollak, the lead of Coinbase protocols, the number of crypto and blockchain users will skyrocket to 8 billion in the next decade. This prediction may seem ambitious, considering the current global population and limited internet access in
Binance Labs, the venture capital arm of crypto exchange Binance, has recently made a strategic investment of $10 million in Radiant Capital. As a marketplace focused on providing liquidity and borrowing cross-chain assets, Radiant Capital aims to address the liquidity problem in the decentralized finance (DeFi) space. This partnership with Binance Labs will enable Radiant
RISC Zero, a startup specializing in zero-knowledge (ZK) proof software, has successfully raised $40 million in a Series A funding round. This funding round was led by prominent crypto-focused investor Blockchain Capital. RISC Zero plans to utilize the fresh capital to launch its Bonsai computing platform, which aims to simplify the complexities associated with proof
The United Kingdom’s economic and finance ministry, HM Treasury, has firmly denied proposals by the House of Commons’ Treasury Committee to regulate cryptocurrencies like gambling. In May, the UK Treasury Committee called for unbacked cryptocurrencies to be regulated in a similar manner to gambling, citing the speculative nature of these assets. However, the government has