Our weekly roundup of news from East Asia curates the industry’s most important developments. Bithumb in turmoil On Jan. 25, Yonhap Infomax reported that South Korean authorities had requested an arrest warrant for Kang Jong-Hyun, chairman and owner of cryptocurrency exchange Bithumb, over embezzlement allegations. That same day, the Financial Investigation Second Division of the […]
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Binance stablecoin BUSD sees a sharp market cap drop amid solvency and mismanagement worries
Persistent worries about Binance’s solvency, increased regulation of the crypto sector and questionable use cases are chipping away at BUSD’s market capitalization.
Porsche NFT trading volume nears $5M despite launch woes, minting halt
Developers of the nonfungible tokens had halted minting on Jan. 25 in response to user complaints.
Aave purchases 2.7M CRV to clear bad debt following failed Eisenberg attack
Following a failed short attack, DeFi exploiter Avraham Eisenberg was liquidated from Aave at a loss of $10 million.
US Justice Department seizes website of prolific ransomware gang Hive
The group is known to have targeted critical infrastructure and healthcare providers, extorting $100 million from victims worldwide.
The legal dangers of getting involved with DAOs
Buying DAO tokens? That’s no longer risk-free: Courts might consider you a partner in the business and judge you liable for millions in hacked funds. Another legal trap may be found simply working for a DAO — and implementing community decisions that turn out to be illegal in some far-flung jurisdiction. With many DAO communities […]
Inside the World Economic Forum: Circle, Ripple reflect on Davos 2023
A handful of cryptocurrency industry players who took part in workshops at the World Economic Forum Annual Meeting paint a picture of increased collaboration within the space in 2023.
Former Polygon VP of growth shares the secrets behind major partnerships
Former Polygon VP of growth Arjun Kalsy believes that Polygon's integration of zero-knowledge roll-up technology would boost the network's adoption.
How to mine Bitcoin at home
To start mining Bitcoin at home, one needs to obtain a Bitcoin wallet and a mining rig, install the Bitcoin mining software, and join a mining pool.
'Blockchain Bandit' reawakens: $90M in stolen crypto seen shifting
The hacker accumulated as much as $90 million worth of crypto during a six-year thieving spree.
Crypto industry leaders ‘scared of a strong SEC’ — Senator Warren
Senator Warren claims the Trump Administration “gave a green light” to allow for a cryptocurrency market full of junk tokens, rug pulls and ponzi schemes.
Moonbirds creator Kevin Rose loses $1.1M+ in NFTs after 1 wrong move
Among the nonfungible tokens (NFTs) stolen from the PROOF co-founder were 25 Chromie Squiggles and one Autoglyph NFT.
Crypto lawyers to be in demand as regulatory pressure reaches boiling point
Commercial lawyers with a solid knowledge of blockchain and crypto tech will be in particularly high demand.
South Korean prosecutors request arrest warrant for Bithumb owner: Report
One of the country’s largest crypto exchanges has fallen under investigators’ scrutiny over allegations of embezzlement by company executives.
Venture capital investments into blockchain continue to free-fall: Report
Q4 2022 saw investment capital inflows of $2.3 billion, continuing the trend since April sparked by the collapse of Terra and subsequent fallout.
Nifty Gateway co-founders resign amid Gemini woes
Nifty Gateway was founded in 2018 and acquired by Gemini in 2019.
Nifty News: Porsche ends 'low effort' NFT mint early, Oreo dunks into the Metaverse and more
Porsche’s first foray into NFTs appears to have flopped after recording underwhelming sales and was heavily criticized by the community.
Saudi Central Bank still researching CBDC, but no decision on deployment
Saudi Arabia's central bank stressed that no decision has been made to launch a CBDC in the Kingdom, but it will continue to research use cases.
Casual gamers a ‘critical’ audience for blockchain games: GameFi execs
Many casual gamers are still reluctant to play games that use blockchain tech, but gaming execs believe one good game could change that.