Asia Express News

28.11 / 14:53

Blockchain Upbit Upbit parent Dunamu's profits drop 81% in Q3

Dunamu, the owner of Upbit, one of South Korea’s biggest crypto exchanges by trading volume, saw a drop of 81.6% in net profit in the third quarter of 2023 compared to the same period last year.

14.11 / 12:13

business Funding Bitcoin Owner of Hong Kong crypto exchange OSL secures $90M investment

BC Technology Group, the operator of Hong Kong’s publicly listed cryptocurrency exchange OSL, has announced a significant investment from industry firm BGX.

16.10 / 01:19

business regulation Upbit exchanges Central Bank South Korean exchange Upbit gets initial license nod from Singapore

The Singapore entity for Upbit, South Korea’s largest exchange by volume, has been given in-principal approval for a Major Payment Institution (MPI) license in Singapore.

03.10 / 14:15

Blockchain security Binance collaborates with Royal Thai Police to seize $277M from scammers

In an announcement sent to Cointelegraph, Binance said it worked alongside law enforcement agencies, providing intelligence to disrupt the criminal group. The operation, which had the code “Trust No One,” led to the arrest of five alleged key syndicate members and the seizure of various assets worth $277 million. Over 3,200 victims have already contacted the authorities to file for compensation.

25.09 / 13:27

Blockchain CBDC Adoption Yuan Winter Olympics Digital yuan app adds prepaid Mastercard Visa top-ups for tourists

Tourists planning on visiting the People's Republic of China can now pre-charge Digital Yuan wallets using VISA and Mastercard payment options as the nation continues to update the mobile app powering its CBDC pilot.

17.07 / 19:27

business Binance Bitcoin Regulation Binance cuts back on employee benefits, citing ‘decline in profit’: Report

Global cryptocurrency exchange Binance reportedly cut back on certain benefits to its employees in June amid reevaluation efforts at the firm.

05.07 / 22:15

business Law Binance SEC regulatory Binance.US market share drops below 1% amid regulatory lawsuit: Report

United States-based cryptocurrency exchange Binance.US has reportedly seen its market share drop more than 20% amid a lawsuit from federal financial regulators.

05.07 / 17:51

business BitgetX joins HKVAC as it aims for exchange license in Hong Kong

According to a July 4 announcement, BitgetX, the Hong Kong subsidiary of cryptocurrency exchange Bitget, has joined the Hong Kong Virtual Asset Consortium (HKVAC), which provides ratings services and indices to cryptocurrencies.

16.06 / 06:37

business Blockchain Technology Investments Web3 Withdrawals Delio South Korean Bitcoin lending platform Delio pauses withdrawals

Delio, a virtual asset manager and lending platform based in South Korea, has announced the temporary suspension of customer withdrawals “in order to safely protect the assets of customers currently in custody.”

13.06 / 21:16

business Blockchain Crypto yield platform Haru suspends transfers after investigation

On June 13, South Korean yield platform Haru Invest announced that it would be suspending deposits and withdrawals effectively immediately. "First of all, the company sincerely apologizes that its latest announcement has caused concerns to our valued investors and customers," Haru said, claiming that "certain information provided by a consignment operator was suspected to be false" during an "internal inspection process," thus leading to the transfer halt.

31.05 / 18:59

Blockchain Tether TRON record high TRC-20 USDT circulation hits record high 5 years after Tron mainnet launch

On May 31, Tether (USDT) tokens issued on the Tron blockchain reached another all-time high of $46 billion, compared to $36.8 billion for Ethereum, accounting for over 60% of USDT’s circulating supply. The milestone comes on the fifth-anniversary launch of the Tron mainnet.

14.05 / 07:17

regulation Report us government National Debt 'Significant risk' of US Treasury running 'out of funds' soon: Report

The United States government faces a “significant risk” of no longer being able to meet all of its financial obligations as early as June, as per a recent report.

29.03 / 08:29

CBDC Adoption regulation Bank of Russia testing Ruble Russia delays digital ruble launch testing due to lawmaking process

The rollout of The Bank of Russia’s central bank digital currency (CBDC) pilot is being delayed for an indefinite period. Although all the participants, at least from the banking side, reassure of their readiness to begin the testing.

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