Low user numbers and sex predator scandals are killing South Korean metaverses, 3AC sues Terra, Malaysian crypto kidnappings. Asia Express.
Category: Regulation News
Circle proposes new capital-risk framework for Stablecoins
In July 2024, Circle became the first stablecoin issuer to comply with the European Union’s Markets in Crypto Assets regulatory framework.
‘No matter how bad it gets, there’s a lot going on with NFTs’: 24 Hours of Art, NFT Creator
“There’s a sense of inevitability” that NFTs are the start of a renaissance in digital art says 24 Hours of Art’s RD: NFT Collector.
Solana ETFs will not see significant demand — Sygnum research head
Low uptake of Grayscale’s Solana fund is an early indicator, she said.
WTF happened 53 years ago today — Why the Nixon shock is still affecting us all
In his 1971 speech ending the gold standard, Richard Nixon promised to stabilize the dollar, but instead, nearly everything has gone up in price.
Malaysian kidnappers abducted Chinese man for $1M USDT: Report
Six Malaysian nationals, including a couple, have been charged with kidnapping a Chinese citizen and demanding a ransom of $1 million in Tether (USDT).
Nigerian crypto wallets tied to protests evade government freeze efforts
The discrepancies between the government’s claims and the blockchain data highlight the tense dynamic between digital finance and state authorities.
California AI bill aimed at preventing disasters draws ire from Silicon Valley
Crypto VC giant a16z claims the AI legislation will “burden startups because of its arbitrary and shifting thresholds.”
Binance returns India as registered crypto exchange following 7-month ban
Binance returns to India after registering with the FIU-IND, marking its 19th global regulatory milestone.
Iran is giving $24 to anyone who dobs in illegal crypto miners
The boss of Iran’s state-run electricity company said some had exploited subsidized electricity to run crypto mining operations, straining the power grid.