South Korea’s tax agency recently revealed that taxpayers have declared overseas cryptocurrency assets worth 130.8 trillion won ($98.5 billion) this year. This is a significant increase from the previous year’s figures, indicating the growing importance of cryptocurrencies in the country’s financial landscape.The National Tax Service outlined an increase in the total reported amount of overseas […]
Circle Internet Financial has partnered with Grab, the foremost super-app in Singapore, to introduce Web3 programmable wallets in the Singaporean market. These wallets, designed to be non-custodial, leverage advanced technologies like multi-party computation (MPC) and smart contracts (ERC-4337). This empowers users to conduct transactions without holding native network tokens.The Grab Web3 Wallet grants users seamless […]
OKX, a leading crypto exchange and Web3 technology company, has successfully completed the Service Organization Control (SOC) 2 Type II audit, demonstrating that the company’s processes for governing its services, managing sensitive data and protecting data privacy meet the highest global standards. The internationally recognized SOC 2 Type II report is one of the most […]
Nomura, a Japanese investment banking giant with a market capitalization of $500 billion, has launched a new Bitcoin fund for institutional investors. The fund is offered by Laser Digital Asset Management, a subsidiary of Nomura, and provides long-term exposure to Bitcoin (BTC). Sebastian Guglietta, the head of Laser Digital, believes that the Bitcoin Adoption Fund […]
The North Korean Lazarus Group was responsible for the extensive $27 million hack of the CoinEx cryptocurrency exchange. Despite this, Monero ($XMR) has maintained its bullish momentum despite a bearish trend in the general market. Investors are rushing to buy Borroe.Finance ($ROE), as it is the best-performing coin currently. SlowMist reported that the North Korean […]
Toncoin (TON) has seen a strong rally in the past few days, with its price increasing by over 40%. It has now broken the $2.25 resistance and is consolidating gains. TON has also surpassed Solana’s market cap, making it the 9th largest crypto by market cap.The bulls were active near the $1.55 support, and a […]
Renowned author Robert Kiyosaki, best known for his personal finance book ‘Rich Dad, Poor Dad,’ has once again expressed his conviction that traditional fiat currencies are on the path to obsolescence, while cryptocurrencies are poised to become the future of money. During the TOKEN2049 conference in Singapore, Kiyosaki took to the social media platform X […]
The Hong Kong Monetary Authority (HKMA) has warned crypto firms that it is illegal for any unauthorised company or platform to refer to themselves as a “bank” or deposit-taking business. The regulator has reminded the public that only HKMA-licensed providers can use the term bank or take deposits from the public.Using terms such as digital […]
The Japanese government has recently announced a noteworthy relaxation of regulations about startup funding, allowing startups to accept digital assets as an alternative to traditional stocks. This regulatory shift aims to foster a more supportive and inclusive environment for startups by diversifying their financing options and aligning Japan with international standards in handling digital currencies.Under […]
The Japanese government is set to adjust regulatory frameworks, allowing startups to raise funds by issuing digital assets to investors. This decision is part of Japan’s ongoing efforts to diversify capital-raising platforms for its domestic startups, aligning itself with the global trend of embracing digital assets. Prime Minister Fumio Kishida has emphasized his government’s commitment […]
