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Animoca Brands Invests $30 Million in Crypto Exchange Startup Hi, Navigating Regulatory Challenges
The Global Banker Republished with full copyright permissions obtained from Market Capital Research. Popular blockchain gaming software company Animoca Brands has announced a $30 million investment in Hi, a crypto exchange startup based in Hong Kong. This collaboration is particularly significant as funding for cryptocurrency platforms has become increasingly scarce worldwide due to economic uncertainties…
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Maker (MKR) Registers Impressive Rally, but On-Chain Metrics Signal Potential Cooling Down
The Global Banker Republished with full copyright permissions obtained from Market Capital Research. Maker (MKR) has experienced a significant surge of 23%, contributing to its impressive rally. However, caution is advised as on-chain metrics suggest that this upward trend may not be sustained for much longer. Over the past month, Maker has showcased exceptional performance,…
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Curve DAO Faces Critical Breach, Millions of CRV Tokens and Funds Lost
The Global Banker Republished with full copyright permissions obtained from Market Capital Research. Curve DAO, a leading decentralized exchange (DEX) known for its seamless stablecoin trading features, has recently suffered a significant setback. Moments before a white hat rescue operation, hackers pilfered approximately 7 million CRV tokens and $14 million worth of wrapped ether (WETH),…
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Bendigo Bank Joins Australia’s Debanking Trend, Blocking Crypto Payments
The Global Banker Republished with full copyright permissions obtained from Market Capital Research. Australia’s Bendigo Bank has recently implemented new measures to block “high-risk crypto payments” in an effort to protect its customers from potential investment scams. This move follows the footsteps of other major banks in the country, including National Australia Bank, Westpac, and…
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Rising Incidents of Illegal Crypto Mining Highlight Energy Theft Challenges in Malaysia
The Global Banker Republished with full copyright permissions obtained from Market Capital Research. In a recent series of crackdowns on illegal cryptocurrency mining operations, Malaysian authorities have seized 171 cryptocurrency mining servers in the town of Miri on the island of Borneo. This growing problem of electricity theft for cryptocurrency mining has prompted energy suppliers…
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South Korea Sets the Stage for CBDC Pilot in Jeju, Busan, and Incheon
The Global Banker Republished with full copyright permissions obtained from Market Capital Research. South Korea is taking a crucial step forward in the world of digital currencies by initiating a central bank digital currency (CBDC) project. The Bank of Korea, the nation’s central banking authority, has identified three potential regions to pioneer its CBDC pilot,…
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