An alert has been issued by the Hong Kong Securities and Futures Commission (SFC) and the local police force about a scammer claiming to be MEXC, a cryptocurrency exchange. Allegedly, the impersonator is stealing money by tricking would-be investors. As part of its larger efforts to monitor and investigate unlawful
February 10, 2024 1 min read
As regulatory hurdles continue to pile up, crypto exchange Binance has stated its plan to sell its shares in GOPAX, a significant exchange in the South Korean crypto market. As the biggest stakeholder with a substantial 72.26% stake, Binance established its relationship with GOPAX via its purchase of the exchange.
February 8, 2024 1 min read
According to reports, OKX is under investigation by the Financial Intelligence Unit (FIU) of South Korea due to claims that the company was running an unlicensed crypto exchange. An inquiry against the exchange was initiated when the Digital Asset Exchange Association (DAXA) informed the FIU about OKX’s operations, as reported
February 7, 2024 1 min read
UNKJD Studios (previously ‘Uncaged Studio’), well recognized for its Web3 game MonkeyLeague, presents UNKJD Soccer as its new brand. It has a new vision to create the brand on the three main pillars of IP, game, and Web3, with the goal of going beyond the mobile soccer game. With new sports
February 7, 2024 2 mins read
Following Binance’s announcement that it would delist the Monero (XMR) privacy coin from its platform, the price of the privacy-focused cryptocurrency fell to levels not seen in months. Binance said on February 6 that Monero (XMR) would be delisted from the exchange on February 20, 2024, along with other currencies
February 6, 2024 2 mins read
Revolutionary blockchain infrastructure project Orbs has stated that it is working on Orbs V4, the next significant version of its network protocol. V4, which is seen as an important upgrade, is intended to improve the reliability and efficiency of Orbs’ Layer 3 technology, readying the network for an anticipated spike in
February 6, 2024 2 mins read
After spending time in jail in Montenegro, Han Chang-joon, the former chief financial officer of Terraform Labs, was extradited to South Korea. Both Terraform Labs and its co-founder, Do Kwon, were detained in March for trying to leave using phony passports. This additional twist adds another degree of complication to
February 5, 2024 1 min read
In the 18th batch of the LUNC burn mechanism, crypto exchange Binance, burnt 2.1 billion Terra Luna Classic (LUNC) tokens. With almost 50 billion LUNC burnt so far, the crypto exchange accounts for 52.4% of all tokens burned by the Terra Luna Classic community. The Terra Luna Classic community has
February 4, 2024 1 min read
Ark Invest, led by Cathie Wood, has been buying up cryptocurrency-related stocks, including its Ark 21Shares spot Bitcoin ETF (ARKB). Last week, the ARK Next Generation Internet ETF (ARKW) spent $51 million buying 1.27 million ARKB units. The ARK Next Generation Internet ETF (ARKW) managed by Cathie Wood maintained its
February 3, 2024 1 min read
At Thursday’s hearing before the Senate Banking Committee, Senator Elizabeth Warren and other Democrats condemned the purported use of cryptocurrency in illegal financing and frauds. Senator Lindsey Graham (R-S.C.) is one of 19 senators who have lent their support to Warren’s Digital Asset Anti-Money Laundering Act, which she has been
February 2, 2024 2 mins read