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December 2021

Korean Government Reportedly Asks Google and Apple to Remove P2E Gaming Apps

Korean Government Reportedly Asks Google and Apple to Remove P2E Gaming Apps

Crackdowns targeting blockchain and cryptocurrency affiliated entities are taking a new twist in South Korea as the government has started blocking play-2-earn (P2E) gaming apps. As reported by local media platform Naver, the government has requested global app marketplace operators such as Google and Apple to block the registration of related apps. According to the reports, the subtle ban […]

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The US Senate Has Passed Legislation To Avoid a Government Shutdown

The US Senate Has Passed Legislation To Avoid a Government Shutdown

The Democratic-controlled U.S. The Senate on a recent Thursday passed a bill to fund the govt through mid-February, averting the danger of closing when defeating a proposal by some Republicans to hold the select a protest against vaccine charges. The bill currently goes to US President Joe Biden, who has to sign it before the

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Hong Kong Authorities Arrest Two Siblings Accused of Laundering 4 Million via Banks, Crypto Platform

Hong Kong Authorities Arrest Two Siblings Accused of Laundering $384 Million via Banks, Crypto Platform

Authorities in Hong Kong have arrested two individuals accused of laundering about $384 million using various avenues including a cryptocurrency exchange trading platform. If convicted, the two face a maximum jail sentence of 14 years plus a fine of $5 million. An Indictable Offense Two people accused of laundering about $384 million using a cryptocurrency

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Russia’s Largest Bank Introduces First Blockchain-Focused ETF in the Country

Russia’s Largest Bank Introduces First Blockchain-Focused ETF in the Country

The exchange-traded fund will track the Sber Blockchain Economy Index, which includes crypto asset and mining companies. Sberbank, Russia’s largest bank, has introduced what it said is the country’s first exchange-traded fund (ETF) to provide exposure to companies involved in the blockchain industry. The fund from Sber Asset Management is called the Sberbank Blockchain Economy ETF and

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Insurance Crypto Services to Keep your Crypto Safe

Insurance Crypto Services to Keep your Crypto Safe

When you buy cryptocurrency, it’s important to do it safely. That’s because this is still a new and relatively unregulated industry. While almost all bank or brokerage accounts have insurance and other protections in place to keep your money safe, the same can’t be said for digital currency exchanges. Some high-profile exchange hacks have shown

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Elon Musk sells another  billion in Tesla shares, nearing 10% target

Elon Musk sells another $1 billion in Tesla shares, nearing 10% target

KEY POINTS Tesla and SpaceX CEO Elon Musk has sold another 934,090 shares, or about $1.02 billion worth of his holdings, in his electric car company according to financial filings published late Tuesday. Since Nov. 8, Musk has been on a selling spree. The Tesla CEO has said he is partly selling shares to pay

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Crypto mining reportedly rises in Thailand due to Chinese crypto ban

Crypto mining reportedly rises in Thailand due to Chinese crypto ban

Thailand is among the countries capitalizing on China’s crypto crackdown, with retail investors increasingly mining crypto. Retail cryptocurrency mining in Thailand has apparently received a boost due to the capitulation of Chinese miners triggered by the country’s new crypto mega ban enforced in September. Thai entrepreneurs and cryptocurrency businesses have been increasingly capitalizing on Chinese miners getting

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Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG

Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG

The Italian luxury sports car manufacturer headquartered in Maranello, Italy, Ferrari has announced the firm is partnering with Velas Network AG, a firm that specializes in blockchain and non-fungible token (NFT) technology. Ferrari Reveals Partnership With Blockchain Firm Velas On December 27, Ferrari the well known luxury sports car maker founded in 1939 by Enzo Ferrari revealed

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FTX Exchange Offers M to First bank in Each Region who Accept Stablecoins

FTX Exchange Offers $1M to First bank in Each Region who Accept Stablecoins

FTX exchange announced on Twitter that it will provide the first bank in each region with a bonus of $1 million. A stablecoin (or stable coin), as its name indicates, is a stable cryptocurrency designed to be resistant to price volatility synonymous with cryptocurrencies like Bitcoin and Ether. Typically, a stablecoin is backed by a reserve of

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