Everything web3, crypto, defi, degen
In brief Kaia registered four KRW-related trademarks earlier this month; Kakao and Kakao Pay sit on its governance council. Competing bills and an administration framework would set rules on licensing, reserves, equity requirements, interest treatment, and banks’ roles. Foreign exchange controls and planned reporting for cross-border crypto flows could limit early use cases, relative to…
In brief The physical hat worn in the cute image associated with Solana meme coin Dogwifhat sold for $792,696 on Thursday night. It was won by Finn, the founder and CEO of rising token launchpad Bags, who says he will give it “back to the community.” Finn claims to have used the fees associated with…
In brief Crypto market cap has rebounded above $3.7 trillion. Ethereum has broken above a key price resistance zone. XRP and Litecoin show double-digit weekly gains, and the charts are showing signs traders like to see. After a rough weekend that saw cryptocurrencies plunge alongside global risk assets, the crypto market is staging an impressive…
In brief South Korea’s FSC and FSS summoned officials from five major crypto exchanges after Upbit and Bithumb launched lending products offering up to 4x leverage, enabling short-selling through borrowed funds. Upbit suspended its Tether lending service, citing potential violations of Korea’s Lending Business Act, while Bithumb modified its structure but maintained controversial 4x leverage…
In brief Select stablecoin ATMs with USDT to cash conversion are now live at tourist and retail sites across South Korea. Access remains limited to foreign passport holders under regulatory sandbox rules. The rollout comes as lawmakers debate competing proposals for stablecoin legislation in the country. Foreign visitors to South Korea can now use select…
In brief South Korea’s ruling and opposition parties introduced competing stablecoin bills, diverging on whether to ban interest payments. Both proposals grant emergency powers to financial regulators and require full reserve backing for won-pegged tokens. The legislative split comes as President Lee Jae-myung advances a crypto-friendly agenda amid global moves to regulate stablecoins. South Korea’s…
XRP has hit a new all-time high of $3.65, driven largely by a spike in trading activity across South Korea and the United States.Data from CryptoSlate shows that XRP ranked among the top five most traded digital assets over the past 24 hours, trailing only behind Bitcoin, Ethereum, and the stablecoins USDT and USDC.XRP recorded…
When Satoshi Nakamoto released the Bitcoin white paper on this day in 2008, they proposed a novel system for a global digital form of money. The leaderless, nonpartisan network of Bitcoin nodes now maintains a truly borderless and permissionless monetary system. Since the very first Bitcoin block was created in the wake of the 2008…
September 11, 2019 | News We are pleased to announce that ICON (ICX) will be listed on Kraken starting September 12. What is ICON (ICX)? ICON is a South Korea-based blockchain project. It aims to be an interoperable blockchain on which multiple industries and business types can coexist on a single networkICON communities and nodes…
July 12, 2019 | Uncategorized Check out all the important happenings this week in the world of crypto, presented by the experts at Kraken. This digest is prepared for informative purposes only and does not represent an investment recommendation or investment advice. Please see our full disclaimer at the bottom for more information. See below…
