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Our weekly roundup of news from East Asia curates the industry’s most important developments. China airdrops 180 million digital yuan to celebrate Lunar New Year According to state-owned media Global Times, Chinese cities airdropped a total of 180 million digital yuan (e-CNY) worth $26.6 million to boost consumption during the Lunar New Year celebrations between … Read more
NFTs felt the influence of bad actors and market manipulators in 2022, like the rest of crypto; NFTs launched after the start of the crypto winter did better. Go to Source Powered by WPeMatico
“Kraken not only offered investors outsized returns untethered to any economic realities, but also retained the right to pay them no returns at all,” said Gurbir Grewal. Go to Source Powered by WPeMatico
According to Lynette Zang, chief market analyst at ITM Trading, U.S. banks have the legal authority to confiscate people’s funds due to legislation passed by Congress. In a recent interview, Zang discussed how the purchasing power of the U.S. dollar has dwindled to “roughly three cents,” her belief that central bank digital currencies (CBDCs) will … Read more
The funding round was led by Foundation Capital, with follow-on investment from CMT digital. Go to Source Powered by WPeMatico
Banks are allegedly being discouraged from offering services to the crypto industry by United States authorities. Go to Source Powered by WPeMatico
“It is time to allow the Debtors’ customers to propose their own plan for the assets that they were defrauded into investing with Celsius,” said a Withhold account holders’ filing. Go to Source Powered by WPeMatico
One of the largest cryptocurrency ATM operators, Coin Cloud, which claims to operate more than 5,000 crypto ATMs, has filed for bankruptcy in the U.S. The company’s largest creditor is Genesis Global Trading, whose parent company also recently filed for bankruptcy in the U.S. Coin Cloud Files for Bankruptcy Cash Cloud Inc., a digital asset … Read more
The former FTX CEO’s bail restrictions will remain in place until Feb. 21 following the judge’s ruling to extend a ban on using certain messaging apps. Go to Source Powered by WPeMatico
Despite tough times for the industry, the blockchain MOBA game reached 200k downloads after just two months. Go to Source Powered by WPeMatico
