Buying a bank won’t solve crypto’s debanking issue: Binance CEO
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KB Bank to launch South Korea’s first crypto investment fund
The investment fund will be the first offered by a bank in the country and is expected to include a type of crypto index and ETFs. 392 Total views 27 Total shares Kookmin Bank is preparing to become the first bank in South Korea to offer crypto investment products to retail investors. KB announced on Feb. 21…

Nexo offices reportedly raided by police in Bulgaria
The investigators have alleged that Nexo is involved in money laundering and violating global financial sanctions against Russia. 195 Total views 7 Total shares Own this piece of history Collect this article as an NFTTroubled cryptocurrency lender Nexo is facing more pressure from regulators as its offices have been reportedly raided as part of an…

Australian securities regulator issues guidelines for crypto ETPs
The Australian securities regulator decided not to require crypto ETF providers to hold domestic crypto custody. 206 Total views 15 Total shares The Australia Securities and Investments Commission (ASIC) has issued its response to public consultation on cryptocurrency exchange-traded products (ETPs) alongside fresh industry guidance.On Oct. 29, the regulator released a set of regulatory requirements for…

Bithumb Cryptocurrency Exchange Goes to Court Over $69M Tax Bill
Major South Korean cryptocurrency exchange Bithumb has decided to litigate a near $69 million (80 billion won) tax bill levied by the National Tax Service (NTS).According to a report published by The Korea Times on Jan. 16, Bithumb filed a complaint with the NTS, suggesting that the imposed tax bill is groundless given that cryptocurrency…

Ethereum Smart Contracts up 75% to Almost 2M in March
Smart contracts on the Ethereum network are up almost 3x from the previous month to nearly 2 million, while deployment costs for the network are at a low. 848 Total views 49 Total shares The number of smart contracts deployed on the Ethereum network reached 1,971,632 in March, hitting a new all-time high and marking…

Judge slams FDIC’s ‘lack of good-faith’ in censoring crypto letters to banks
A US federal judge has ordered the FDIC to redo and resubmit redactions it made to crypto “pause letters” it sent to financial institutions.

Binance-backed pSTAKE Finance launches Bitcoin liquid staking solution
pSTAKE is among the most recent protocols making Bitcoin a yield-generating asset with more capital efficiency.

Winklevoss’ Gemini Adds Support for Hong Kong, Australian and Canadian Dollars
Gemini now supports the fiat currencies of Hong Kong, Australia and Canada. Gemini, a major cryptocurrency exchange founded by the Winklevoss brothers, has just added support for three new fiat currencies on its platform.According to an official announcement on Aug. 17, Gemini now allows users to trade in the Hong Kong dollar (HKD), the Australian…