Author: Fridah kangai
Circle Expands South Korea Strategy With Kakao Group and Toss Bank Partnerships
In brief:
Circle partnered with Kakao Group and Toss Bank to expand stablecoin payment infrastructure across South Korea's growing digital financ [...]
Breaking: BitMEX to Wind Down Operations After Parent Company Approves Closure
In brief:
BitMEX will permanently close its exchange after parent company approval, ending more than eleven years of crypto derivatives operation [...]
Louisiana Pension Fund Expands Strategy Stake to Increase Bitcoin Exposure
In brief:
Louisiana pension fund increased its Strategy holdings to expand indirect Bitcoin exposure through the company's growing corporate trea [...]
South Korea’s Mirae Asset Raises Korbit Stake to 97% After Acquisition Deal Closes
Key Takeaways:
Mirae Asset increased its Korbit ownership to 97.15%, securing stronger control of South Korea's fourth-largest cryptocurrency exc [...]
Balance Coin Crashes 99.8% After Oracle Failure Triggers $912K DeFi Exploit
Balance Coin collapsed 99.8% as hackers exploited oracle vulnerabilities, draining $912,000 and destroying its dollar peg completely within second [...]
AfCFTA and ADI Foundation Unveil $1B Plan to Transform African Trade
In brief:
AfCFTA and ADI Foundation unveiled a $1 billion initiative to modernize digital infrastructure and reduce African cross-border trade co [...]
BIS Study Finds Stablecoins Can Bypass Capital Controls Across 130 Economies
In brief:
BIS found that stablecoins could bypass capital controls across 130 economies, reducing the effectiveness of traditional foreign exchan [...]
Pakistan Launches Crypto Crime Unit to Strengthen Fight Against Financial Offenses
Key Takeaways:
Pakistan established a dedicated crypto investigation unit targeting money laundering and terrorism financing while coordinating e [...]
HTX Wallet Changes Complicate UK Sanctions Tracking, TRM Labs Finds
What to know:
TRM Labs found that HTX rotates wallets across four blockchains, complicating UK sanctions tracking through static address-based sc [...]
CoinShares Opens Door to Europe’s €26.3 Trillion UCITS Market With Bitcoin Mining ETF Launch
Key Takeaways:
CoinShares launched a UCITS platform and Bitcoin Mining ETF targeting European institutional investors through regulated fund acce [...]