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Hong Kong General Chamber of Commerce Asks Government to Allow Yuan-Linked Stablecoins

The Hong Kong General Chamber of Commerce (HKGCC) has asked policymakers to consider allowing the issuance of Chinese yuan-linked stablecoins. In a statement released on Tuesday, the influential business organization emphasized the importance of retaining and attracting talent and businesses in...

, by Ruholamin Haqshanas

South Korea Imposes Stricter Punishments For Crypto Trading Offenses

South Korea’s financial regulators have slated July 19 for the implementation of the Virtual Asset User Protection Act and the Virtual Asset Industry Supervision Regulations. According to local media outlets, The Financial Service Commission (FSC) disclosed on Feb 7 the date for both regulations...

, by David Pokima

B2C2 Secures VASP Registration Ahead of MiCA Implementation

UK-based digital asset liquidity provider B2C2 has secured a virtual asset service provider (VASP) registration expanding its operations to Luxembourg ahead of new rules being implemented in Europe. The Markets in Crypto Assets Regulation (MiCA), due to take effect this year, is the European...

, by Tanzeel Akhtar

Jack Dorsey’s Decentralized Social Media Bluesky Removes Invite-Only Restrictions

Jack Dorsey-backed decentralized social media project Bluesky on Tuesday removed invite-only limitations and granted access to all users. Since its launch in Feb. 2023, the platform used invite codes while experimenting with features such as moderation tools and personalized feeds. Bluesky...

, by Shalini Nagarajan

MicroStrategy Bolsters Crypto Holdings with 31,755 Bitcoin Purchase in Q4 2023

MicroStrategy has announced the purchase of 31,755 Bitcoin at a cost of $1.25 billion in Q4 2023, increasing the company's total Bitcoin holdings to 190,000 units. MicroStrategy's Fourth Quarter 2023 Financial Results report detailed the extensive acquisition and demonstrated the company's...

, by Hongji Feng

Thailand Pushes Towards Digital Asset Hub with Introduction of VAT-Free Crypto Trading

In a move to position Thailand as a leading digital asset hub, the country's Finance Ministry has announced the exemption of value-added tax (VAT) on digital asset trading. The decision aims to promote digital assets as a new alternative tool for fundraising and drive the growth of the digital...

, by Ruholamin Haqshanas

US Judge Approves Sealed Settlement Between BlockFi and Three Arrows Capital

A United States judge has given approval to a sealed settlement that resolves the claims and disputes between crypto lender BlockFi and defunct crypto hedge fund Three Arrows Capital (3AC). Judge Michael Kaplan approved the settlement during a hearing on February 6th in the New Jersey...

, by Ruholamin Haqshanas

Solana Back Online After 5-Hour Service Disruption

Operations on the Solana network have resumed following a minor disruption on Tuesday. Commencing at 09:53 UTC, the outage persisted for some 5 hours. The Solana team said it is investigating the root cause and will soon share its report on the matter. After the outage,...

, by Shalini Nagarajan

MetaMask Partners with Robinhood to Simplify Crypto Transactions

MetaMask has collaborated with Robinhood to enable direct crypto purchases for users, according to a press release shared with Cryptonews on Feb.7. MetaMask’s developer Consensys and Robinhood Markets, Inc. have jointly facilitated the integration of Robinhood Connect with the MetaMask...

, by Hongji Feng

US SEC Delays Decision on Invesco and Galaxy Digital’s Joint Ethereum ETF

The U.S. Securities and Exchange Commission (SEC) has extended the decision period for Invesco and Galaxy's spot Ethereum ETF, as expected by analysts. This extension pertains to a proposed rule change from Cboe BZX that would enable the listing and trading of shares of the fund. The SEC's...

, by Jai Pratap

Hedera Secures $250 Million Partnership with Saudi Ministry of Investment for Web3 and Deep Tech Development

Hedera, a leading Proof of Stake (POS) blockchain platform, has embarked on a transformative five-year partnership with the Saudi Ministry of Investment (MISA) to catalyze the development of Web3 technologies in the region.The collaboration, valued at $250 million, was unveiled during the...

, by Hassan Shittu

Ronin Token (RON) Rally Holds Strong Despite Volatility After Binance Listing

Ronin, the gaming blockchain developed by Sky Mavis, the creator of Axie Infinity, has demonstrated resilience in its token (RON) performance despite facing initial turbulence while listing on the crypto exchange Binance.On February 5, Ronin token prices experienced significant volatility,...

, by Hassan Shittu

Steve Wozniak Labels Bitcoin ‘Safe, Stable, and Conservative’ Amid Growing Legacy Adoption

In line with the rising trend of the legacy tech and finance industries' adoption of the top cryptocurrency, Apple co-founder Steve Wozniak labeled Bitcoin as a safe bet in a February 6 podcast. Speaking in the Wildride podcast posted on X (formerly Twitter), the Apple co-founder echoed...

, by Jimmy Aki

Trump-Related Tokens Surge 100% Amid Widespread Appeal Amongst Americans

Several Donald Trump-related tokens have experienced a 100% surge in price in the past 24 hours across various blockchains, following a February 6 announcement by Mechanism Capital. Mechanism Capital, an investment firm in the cryptocurrency industry focusing on decentralized finance, declared its...

, by Jimmy Aki

FTX-linked Farmington State Bank Cleared from Federal Reserve Enforcement Action

The Federal Reserve terminated an enforcement action with Farmington State Bank on February 6, announcing that the FTX-affiliated bank had “completed its wind-down plan and no longer functions as a bank.” “The Board’s enforcement action, which has been in effect since...

, by Brian Yue

Former Terra Development Team Leader Testifies Against Do Kwon

On February 5, reports emerged from the Korean daily newspaper Chosun detailing how a former Terra development team leader had come forward with testimony challenging Terra founder Do Kwon. According to the newspaper, the 14th Criminal Division of the Seoul Southern District Court examined its...

, by Brian Yue

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