Our weekly roundup of news from East Asia curates the industry’s most important developments. Huawei moves to trademark its NFTs According to a Jan. 28 report by Sina News, Chinese telecom giant Huawei has recently filed for eight trademarks related to its Huawei “YunYunBao” nonfungible tokens (NFT) series. The trademarks include digital collectibles in the …
Continue reading “Huawei NFTs, Toyota’s hackathon, North Korea vs. Blockchain: Asia Express “
A group of four men controlled 86% of stablecoin issuer Tether Holdings Limited as of 2018, according to documents obtained by The Wall Street Journal in connection with United States authorities investigations. New York Attorney General and Commodity Futures Trading Commission probes into Tether in 2021 exposed its previously unknown ownership structure. The company is …
Continue reading “Only 4 people controlled Tether Holdings as of 2018: Report”
Lawyers representing a crypto user allegedly behind a $116-million exploit of decentralized exchange Mango Markets have consented to detention in the criminal case involving commodities fraud, commodities market manipulation and wire fraud. According to accounts of social media users present on Feb. 2, Mango Markets user Avraham Eisenberg’s legal team waived his right to bail …
Continue reading “Alleged Mango Markets exploiter waives bail during hearing in federal court”
The fraud unit of the Department of Justice has launched a probe into Silvergate Bank. The prosecutors are looking into the bank’s dealings with FTX and Alameda Research. The bank was recently grilled by U.S. Senators for its role in the mismanagement of customer funds in FTX. News of the probe led to the company’s …
Continue reading “U.S DOJ Probes Silvergate For Fraud Over FTX Dealings, Stock Drops 22%”
The biggest news in the cryptoverse for Feb. 2 saw Kraken announce the closure of its Abu Dhabi office. Meanwhile, Bithumb owner Kang Jong-hyun has been arrested on embezzlement charges. Elsewhere, a Texas judge has ruled in favor of Sam Bankman-Fried in a securities case. Plus, research on the “bullishness” of investors around the world. …
Continue reading “CryptoSlate Wrapped Daily: Kraken closes Abu Dhabi office; Bithumb owner arrested”
The company increased its holdings to 132,500 BTC by the end of December. 1 min read Updated: February 2, 2023 at 10:37 pm Cover art/illustration via CryptoSlate MicroStrategy, known for its repeat investments in Bitcoin, purchased more of the digital asset last quarter, according to a Feb. 2 investor report. Andrew Kang, CFO of Microstrategy, …
Continue reading “MicroStrategy’s Bitcoin holdings were valued at $2.2B in Q4 2022”
The Texas State Securities Board has no jurisdiction over the former FTX CEO. 2 min read Updated: February 2, 2023 at 10:06 pm Cover art/illustration via CryptoSlate Former FTX CEO Sam Bankman-Fried gained an early victory in a case concerning Texas securities laws, according to Bloomberg News reported Feb. 2. The Texas State Securities Board …
Continue reading “SBF wins Texas case alleging violations of securities laws via FTX offerings”
Ukraine’s deputy digital minister Alex Bornyakov says that the country has seen over 650 BTC and 10,000 ETH in donations since the start of the war 1 min read Updated: February 2, 2023 at 9:09 pm Cover art/illustration via CryptoSlate Russian citizens against their country’s war against Ukraine are using crypto to voice their opposition. …
Continue reading “Russian citizens sending ‘significant amounts’ via crypto to help Ukrainians”
Founder of Bridgewater Associates Ray Dalio said, “I don’t think Bitcoin is it” when it comes to effective money. The famed investor instead proposed an inflation-linked coin that would retain its purchasing without the wild volatility typical of the leading cryptocurrency. Dalio is not pro-Bitcoin Speaking to CNBC, Dalio said what Bitcoin “has accomplished” during …
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Glassnode data analyzed by CryptoSlate analysts shows that Asia, the U.S., and the EU have been bullish on Bitcoin (BTC) and Ethereum (ETH) since late January. As the regional price metrics indicate, investors from all three regions feel more bullish on BTC than they do on ETH. In the meantime, year-over-year BTC supply for Asia …
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Crypto exchange Kraken has closed its Abu Dhabi office and is ending support for United Arab Emirates’ national currency Dirham, Bloomberg News reported Feb. 2. The crypto firm discharged eight members of its MENA team, keeping the managing director Benjamin Ampen to oversee the transition in the region. The Abu Dhabi Global Market’s registry showed …
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Okx, one of the largest cryptocurrency exchanges in the market, has announced the launch of its soccer-focused metaverse experience, called the “Okx Collective.” The immersive experience will include Jack Grealish, Rúben Dias, Ilkay Gündoğan, and Alex Greenwood, stars from Manchester City, the reigning champion of the Premier League. Okx To Launch Okx Collective Metaverse Sports …
The Ethereum scaling network Optimism, which operates as a layer two (L2) network, announced plans to upgrade its network in March. The upgrade, named “Bedrock,” aims to increase transfer speed, lower fees, and enhance compatibility with the Ethereum Virtual Machine (EVM). The Optimism Foundation stated in its proposal, “The Bedrock upgrade is a major step …
Continue reading “Optimism Plans to Enhance L2 Scaling Network With ‘Bedrock’ Upgrade in March “
The smart contract token economy rose 5.6% against the U.S. dollar on Thursday, reaching $332 billion. Additionally, the value locked in decentralized finance (defi) increased to nearly $50 billion, a record high not seen since the collapse of FTX. Smart Contract Economy and Defi TVL Bounces Back On Thursday, Feb. 2, 2023, the top smart …
press release PRESS RELEASE. FIO Protocol, the leading decentralized solution for global blockchain usability, has announced the launch of FIO Domain wrapping on the Polygon blockchain. Wrapping is the process of taking a token from one blockchain and making it available for use on another. This launch moves FIO Protocol into the $31.4 billion NFT …
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