The investment arm and incubator of the cryptocurrency exchange Binance, Binance Labs, has invested in the Memecoin (MEME) token.

South Korea’s Financial Services Commission (FSC) has announced a proposal to amend its Enforcement Decree of the Credit-Specialized Financial Business Act, aiming to ban crypto purchases with credit cards.

Cryptocurrency investment products witnessed substantial inflows, totaling $243 million in the final week of 2023, contributing to a cumulative yearly inflow of $2.2 billion.

South Korea’s Incheon says it has confiscated $375,000 worth of cryptoassets from “tax-evading” residents who tried to hide their earnings in token wallets.

The South Korean gaming firm WeMade has been hit with a $41 million tax bill for its crypto-related activities.

The monthly spot trading volume on crypto exchanges exceeded $1 trillion in December 2023, marking the first time this significant volume level has been surpassed in over a year.

The European Banking Authority (EBA) is set to implement additional measures to evaluate the potential impact of strains in non-bank financial institutions (NBFIs), including those in the cryptocurrency sector, on traditional banks. This initiative is driven by concerns over contagion and aims to enhance the understanding of interconnections between banks and other financial entities.

Seychelles-based cryptocurrency derivatives exchange Bitget has seen prolific growth in its employee and user base in 2023.

The Delhi Police have initiated a cheating case against crypto app CoinDCX, following complaints from users about alleged bank fraud. However, India’s largest crypto exchange CoinDCX clarified that the fraud did not occur on their platform but rather on a fake app impersonating their name.

The Japanese gaming giant Square Enix reaffirmed its plans to utilize blockchain, artificial intelligence (AI), and metaverse in creating novel content for consumers.

Popular crypto phishing scams drained almost $300 million from 320,000 users in 2023 with figures increasing monthly as bad actors deploy sophisticated techniques.

Radiant Capital has confirmed a security breach in its network, leading to the theft of Ethereum valued at approximately $4.5 million.

Around 290,000 South Korean public sector workers will be forced to declare their crypto holdings starting from February.

The cryptocurrency exchange OKX is introducing rules for its United Kingdom-based users in response to recent regulations introduced by the UK Financial Conduct Authority (FCA).

Grayscale, a prominent cryptocurrency asset management firm, has filed an amendment to its registration statement with the U.S. Securities and Exchange Commission (SEC).

Last updated: January 2, 2024 02:43 EST . 2 min read ...