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“# South Korea’s crypto regulation is now expanding to foreign businesses ” Due to their anonymity or pseudonymity, digital assets are perceived as entailing the risks of money laundering and financing terrorism. In October 2018, the Financial Action Task Force (FATF) adopted changes to its recommendations on financial activities involving digital assets, adding the definitions…
“# New funding round sees Reddit gain $4B in valuation since February ” Popular social media platform Reddit has gained $4 billion in value since its last funding round earlier this year in February. Six months ago, the firm raised $250 million in Series E funding at a valuation of $6 billion. In the latest…
“# Jordan Peterson wraps his divisive giga-brain around Bitcoin ” Controversial Canadian psychologist Jordan Peterson appears to have turned onto Bitcoin (BTC) in the latest episode of his podcast. On Tuesday, Peterson published a podcast titled “Bitcoin: The Future of Money?” which hosted a panel of Bitcoiners including John Vallis, the host of the Bitcoin…
“# Happy 21st crypto ETF filed for 2021 with Kryptoin’s ‘Ethereum ETF Trust’ ” Delaware-based Kryptoin Investment Advisors has joined a score of other crypto ETF hopefuls by filing for an Ethereum exchange-traded fund (ETF) with the United States Securities and Exchange Commission (SEC). The crypto investment firm previously tried and failed to get a…
“# Crypto tax startup TaxBit raises $130M in funding round, now valued at $1.3B ” Already classified as a unicorn startup, United States-based cryptocurrency tax software developer TaxBit now has a valuation of more than $1.3 billion after a recent funding round. According to a Thursday announcement, IVP and Insight Partners led a $130 Series…
“# DAO Maker crowdfunding platform loses $7M in latest DeFi exploit ” Hackers have stolen funds out of more than 5,000 user accounts with crowdfunding platform DAO Maker, a site aimed at raising money for crypto projects. According to a report from DAO Maker CEO Christoph Zaknun, hackers were able to remove roughly $7 million…
“# 55% of world’s top-100 banks reportedly have crypto and blockchain exposure ” Global banking giants are reportedly increasing their involvement in the emerging crypto and blockchain firms by way of early and late-stage funding for projects and businesses in the industry. According to research by Blockdata, a blockchain market intelligence outfit, 55 out of…
“# Crypto and blockchain investments have already doubled 2020: KPMG report ” Crypto and blockchain investments continue to grow thanks to the ever-rising investor interest, according to a new report from Big Four accounting firm KPMG. Titled “Pulse of Fintech H1 2021,” the study covers global investment activities in different financial technology verticals for the first half…
“# Ethereum network congestion temporarily shuts down crypto gaming casino ” Congestion on the Ethereum network has forced an online casino to close shop. The development came into light after KingTiger Casino’s official website announced the company’s temporary closure of services. According to KingTiger’s statement: “We have had to temporarily close our casinos due to…
“# Uniswap has now generated more than $1B in fees for liquidity providers ” Leading decentralized exchange, Uniswap, has become the first DeFi protocol to generate more than $1 billion worth of platform fees for liquidity providers. On August 10, Lucas Outumuro, head of research at crypto data aggregator IntoTheBlock, shared a chart to Twitter…