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In today’s edition of The Daily, we look at how the current bear market is facilitating consolidation in the global cryptocurrency industry. We also focus on recent calls by an intergovernmental organization to tighten up rules on virtual assets throughout the world, as well as a story about a small U.S. town that has banned … Read more
Japanese cryptocurrency exchange Coincheck is reportedly considering a capital tie-up in order to regain the trust of crypto investors, following a recent hack where 58 billion yen worth of cryptocurrency was lost. As multiple victim groups are preparing to sue the exchange, the Tokyo police is also stepping up its investigations. Also read: Indians Look to … Read more
Japan’s two cryptocurrency associations have reportedly decided to merge in order to restore trust in the industry and accelerate self-imposed rules. Once approved by the Japanese financial regulator, the new organization will have the power to set penalties for breaches of self-regulation. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Two Crypto … Read more
South Korean exchange Youbit filed bankruptcy last week but has now come up with additional options to pay back its members. The exchange is asking them to vote between three options. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, and Token Sales Youbit’s Bankruptcy Filing Youbit exchange’s operator Yaffian filed bankruptcy on December … Read more