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    Blockchain

    Indian Government is Actively Collaborating With Crypto Industry: Liminal Custody’s Country Head

    As we conclude 2023, the Indian and global crypto industry went through quite a few milestones in terms of regulatory developments.

    South Korean City Busan Names Digital Exchange Preferred Bidder

    The South Korean city of Busan is edging closer to the launch of a long-awaited blockchain-powered digital assets trading platform, and has named a preferred bidder.

    Former Lido Holder Files Lawsuit Against Lido DAO

    A former Lido holder has filed a class-action lawsuit against the Lido decentralized autonomous organization (DAO), a governing body that manages the liquid staking...

    South Korean Analysts: Global Crypto Market Cap to Hit $5T in 2024

    South Korean crypto market analysts think the worldwide crypto market cap could hit the $5 trillion mark in 2024 as global adoption continues.

    Cipher Scales BTC Mining Operation with 37,000 Bitmain Antminers Worth $100M

    NASDAQ-listed Bitcoin mining firm Cipher Mining Inc. has announced the purchase of 37,396 units of the latest Bitmain Antminer T21 series.

    Metaverse Firm Improbable Offloads Gaming Subsidiary to Keywords for $96.8 Million

    Metaverse startup Improbable has sold its gaming subsidiary, MPG, to Irish video game company Keywords Studios for $96.8 million.

    Pro-Crypto Super PAC Fairshake Raises $78 Million Ahead of 2024 US Elections

    Fairshake has raised $78 million to support “pro-crypto” candidates in the forthcoming 2024 US elections.

    Revolut Suspends Crypto Services for UK Business Clients Due to New FCA Rules

    London-based digital bank Revolut announced on Monday that it will be suspending the ability for Revolut Business users to purchase cryptocurrencies starting in 2024. The move comes in response to new crypto regulations enacted by the United Kingdom’s Financial Conduct Authority (FCA) to protect investors from risky crypto investments.

    Binance Crackdown Unleashes Unprecedented Scrutiny on Crypto Transactions

    The recent crackdown on Binance by the US Department of Justice (DOJ) has triggered a seismic shift in how the crypto industry operates, with Binance now set to undergo what experts call an “unprecedented” level of scrutiny.

    FTX Legal Fees Amount to $1.3 Million Per Day, Creditors Concerned

    Bankrupt digital asset exchange, FTX has paid hundreds of millions in legal fees in a few months sparking reactions as creditors seek to recover their losses.

    South Korean Crypto Exchanges Scrap for Survival as Upbit Dominance Wanes

    A “tectonic rift” is threatening to separate the South Korean crypto exchange Upbit from its rivals, as tensions begin to fray between domestic platforms.

    Are Hackers Two Steps Ahead of Security in a Cat-and-Mouse Game? Experts Answer

    Talking with Cryptonews, Raz Niv, co-founder and CTO at the Web3 security company Blockaid, and Kate Kurbanova, co-founder of risk management firm Apostro, discussed the evolution and high adaptability of crypto thieves, the “ingenious” methods attackers employ to empty our crypto wallets, what we can do to protect our own money, and steps to take if we do fall victim to theft.

    TVL on Real-World Assets Spikes Up 700% as Stablecoin and CBDC Popularity Grows in 2023

    Total value locked on real-world assets recorded a 700% surge year-to-date (YTD) alongside overall decentralized finance (DeFi) figures in 2023 as the market’s bullish sentiment continues.

    Iris Energy to Ramp Up Capacity in 2024 Following $22M Spend on Bitmain Rigs

    Renewable Bitcoin mining company Iris Energy has revealed the acquisition of 1.6 EH/s of Bitmain T21 miners, increasing its self-mining capacity to 10 EH/s.

    SEC Denies Coinbase Push for Crypto Regulation, Cites Own Priorities

    The Securities and Exchange Commission (SEC) rejected a petition by cryptocurrency exchange Coinbase on Friday requesting the creation of tailored regulations for digital assets.

    CFA Renews Accusations Against Circle, Says CCTP May Be Funding Terrorism via Tron

    The Campaign for Accountability (CFA), a nonprofit ethics watchdog, renewed its accusations against Circle on December 14, alleging that the company’s Cross Chain Transfer Protocol (CCTP) is enabling money laundering and potentially funding terrorism.