Samsung Securities, Mirae Asset Securities and Shinhan Financial Investment are among the financial heavyweight in talks with the government to create the exchange. Samsung Securities is among seven large South Korean securities companies that have applied for government approval to create a virtual assets exchange, according to a report appearing in South Korean publication Newspim....Continue Reading

The total crypto market capitalization dropped to the $1 trillion support, and weak stablecoin demand and a largely absent funding rate reflect traders’ negative sentiment. After the rising wedge formation was broken on Aug. 17, the total crypto market capitalization quickly dropped to $1 trillion and the bulls’ dream of recouping the $1.2 trillion support,...Continue Reading

“We are sorry that we underestimated how illiquid NFTs could be in a bear market when setting the initial parameters,” says the Bend DAO dev team. On Monday, developers of decentralized nonfungible tokens (NFTs) borrowing and lending protocol Bend DAO proposed new emergency measures in an attempt to stabilize the ecosystem. The same day, it...Continue Reading

On Web2 — Twitter and Facebook — users do not own their own content or followers. That isn’t the case on Web3, where our corporate overseers will become powerless. Today’s social media landscape is dominated by Web2 corporations — mostly Meta (Facebook) and Twitter. The companies collect data from billions of users and collect billions...Continue Reading

The new guidelines from the Federal Reserve hold a prospect of “the most stringent review” for non-federally insured institutions. Last week, the United States Federal Reserve Board turned its eye to banks and crypto, making (or promising to make) several clarifications, one of them pretty long-awaited. It announced that the final version of guidelines for...Continue Reading

This bear market is proving to be especially tough for Bitcoin miners, but Canaan senior vice president Edward Lu says the industry is “evolving toward a positive long term.” 2022 has been an exceptionally rough year for the crypto market, and the last few months of Bitcoin’s (BTC) price action could be a sign that...Continue Reading

“The government has brought the instant prosecution using ill-founded applications of criminal law to set precedent in the digital asset space,” said Nathaniel Chastain’s lawyers. Lawyers representing Nathaniel Chastain, the former OpenSea product manager accused of insider trading, have claimed United States authorities only filed charges in an attempt to set a legal precedent that...Continue Reading

The simple patent idea took three years to be granted regulatory clearance. According to local news outlet 36kr.com, Chinese technology conglomerate Tencent recently received a novel patent for a blockchain-based missing person’s poster. The patent took nearly three years to be awarded from the date of its first submission in December 2019. The patent consists...Continue Reading

The price action in Bitcoin, altcoins and stocks reflects investors’ anxiety over the Fed’s rate hike plans, a weakening bear market rally and this week’s Jackson Hole economic symposium. The European stock markets and the United States equities markets are both deep in the red on Aug. 22 as investors fear that aggressive rate hikes...Continue Reading

Crypto.com has become the latest company to register with the United Kingdom’s Financial Conduct Authority, while many continue to operate without approval. The number of unregistered cryptocurrency-related businesses continues to outweigh those signed up with the United Kingdom’s Financial Conduct Authority. Crypto.com became the latest business from the cryptocurrency ecosystem to register with the FCA, joining...Continue Reading