South Korea to regulate virtual currencies
The South Korean government is set to regulate virtual currencies like SegWit1x (BTC), following the establishment of a new task force to examine the market.
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$70B blockchain gaming opportunity projected for 2024
Gaming developers predict that 20% of the $347 billion industry will leverage blockchain in 2024, with most expecting traditional gaming firms to be the growth drivers.
CoinEx $55M attack reveals North Korea’s Lazarus Group cyber espionage
Lazarus Group, linked to a $55 million CoinEx hack, exposed its trail, with experts tracking their cybercrime spree, now exceeding $1 billion.
Digital Currency Group’s Luno exchange cuts off Singaporean users
After laying off 35% of its staff in January, Luno is now ceasing its services in Singapore amid increased regulatory scrutiny in the city-state.
China: Authorities arrest 63 people linked to digital asset money laundering ring
Chinese authorities, acting on a tip-off, launched a massive-scale raid that led to the arrest of 63 people allegedly tied to a money laundering ring using virtual currencies.
Impossible to protect Singapore citizens from FTX fallout, central bank says
Critics have taken swipes at the Monetary Authority of Singapore for placing Binance on the Investor Alert List in the past, wondering why FTX was not included in the list.
Philippines central bank embarks on wholesale CBDC pilot project
Central bank governor Benjamin Diokno said the wholesale CBDC may help the country address financial system problems like issues in large cross-border transfers, commercial bank money, and more.
Binance halts derivatives trading in Hong Kong following regulatory warnings
Binance has shut down derivatives trading for its users in Hong Kong, just a week after taking similar measures in three European countries.
Scam alert: Former OneCoin top earner reinvents Ponzi scheme with OneLink
After OneCoin made off with billions of dollars, one of its former top-ranking earners has reinvented it under a new name – OneLink and is targeting investors
China gears for national blockchain network rollout
China is set to finally launch its national blockchain platform in the coming week, seeking to become the undisputed global epicenter of the technology.
Indian exchange BuyUCoin expands to Estonia
BuyUCoin exchange is expanding to Estonia after obtaining the two licenses required to operate in the country. It also partnered with local mobile payments firm.
P2P finance overhauling the financial system in developed countries
New opportunities are arising in the developing world as peer to peer transactions are opening up economic freedoms.