Binance returns to Japan after buying local crypto exchange Sakura

Summary: Changpeng Zhao’s company bought Sakura Exchange BitCoin, a regulated crypto exchange in Japan. Binance’s acquisition means the country runs a business in Japan for the first time since 2018. CZ’s exchange sought a crypto license in the region, as EWN reported earlier in September 2022. Binance acquired trading platform Sakura Exchange BitCoin (SEBC) for …

Binance re-enters Japan, controls over 75% of exchanges’ monthly trading volume

Binance has re-entered the Japanese market with its acquisition of Sakura Exchange BitCoin (SEBC), according to a Nov. 30 announcement. #Binance Acquires JFSA Registered Sakura Exchange BitCoin, Committed to Enter Japan Under Regulatory Compliancehttps://t.co/xfdnaY2hiO — CZ 🔶 Binance (@cz_binance) November 30, 2022 The Changpeng Zhao-led exchange revealed that it bought a 100% stake in the …

Animoca to launch $2B investment fund for metaverse

The fund is currently at the formation stage and intends to raise between $1 billion and $2 billion to invest in metaverse-related businesses. 2 min read Updated: November 30, 2022 at 10:26 am Cover art/illustration via CryptoSlate Animoca Brands CEO Yat Siu said the company is working on setting up a fund of up to …

Brazil approves cryptocurrency bill recognizing Bitcoin as a payment method

Lawmakers in Brazil have approved a cryptocurrency framework bill for the use of digital currencies in the Latin American country. Once passed into law, Brazilians can use Bitcoin as a payment method, while digital assets will be recognized as an investment asset class. Bitcoin as payment House bill 4401/21 aims to establish an agency to …

Game7 Launches $100 Million Grants Program to Push Web3 Gaming Development

Game7, a blockchain gaming-focused DAO (decentralized autonomous organization) has announced the launch of a $100 million grants program. The objective of this grants program is to support the Web3 gaming community in these times of market downturn and to advance the adoption of blockchain gaming on several chains. Game7 to Support Blockchain Gaming With $100 …

Cameroonian Fintech Ejara Raises $8 Million in Series A Investment Round

Just over 12 months after raising $2 million, the Cameroonian fintech whose app allows users to buy and store crypto assets recently said it had received $8 million in its Series A investment round. According to Ruth Foxe Blader, partner at Anthemis, Ejara aims to become the one-stop platform where “a suite of financial products …

Crypto Exchange Kraken Settles With Treasury Department Over Sanctions Violations

Crypto exchange Kraken has settled with the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) over its apparent violations of sanctions against Iran. The cryptocurrency exchange has agreed to remit $362,159 to settle its potential civil liability and invest an additional $100,000 in certain sanctions compliance controls. Kraken Settles With OFAC The …

Bitcoin Whales Load Up Over $789,000,000 in BTC in Less Than One Week: Analytics Firm Santiment

A leading crypto analytics firm finds Bitcoin (BTC) whales are re-accumulating after selling off huge amounts of the top crypto asset in the wake of FTX’s implosion earlier this month. According to Santiment, whales have been dumping their cumulative holdings for 13 months, and addresses holding between 100 and 10,000 BTC sold off 1.36% of …

South Korea issues arrest warrant for Do Kwon’s former colleagues

Amid the ongoing manhunt for Terraform Labs co-founder and CEO Do Kwon, South Korean authorities have spread out their investigations to target other Terra executives. Prosecutors issued an arrest warrant for co-founder Daniel Shin and seven other engineers and investors of the firm following suspicion of gaining illegal profits before the massive collapse of the Terra …

Brazil passes law to legalize crypto as a payment method

While Brazil has not made Bitcoin (BTC) legal tender as El Salvador did last year, the South-American nation has passed a law that legalizes crypto payments throughout the country.  The Chamber of Deputies of Brazil, a federal legislative body, has passed a regulatory framework that legalizes the use of cryptocurrencies as a payment method within …

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