stable coins
By Bruce Buterin
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HashKey, Malaysia Blockchain Week, and a Canceled Performance. Not everything out of Hong Kong was grim. Crypto exchange HashKey Exchange got approval from…
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South Korea Pushes Digital Asset Law, Stablecoin Outflows Mount. South Korea is moving toward a comprehensive Digital Asset Basic Act.
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Bitget Exits Japan, Gumi Launches $18.3 Million Fund. Bitget is pulling out of Japan. The exchange will stop taking new registrations and start imposing…
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Hong Kong got hit hard. Between July 24 and July 30, romance-based crypto scams wiped out $9 million across 25 reported cases — all in seven days.
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The scammers worked dating apps and messaging platforms, building fake relationships before pushing victims into fraudulent crypto investment schemes. One insurance agent lost $3.
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Not everything out of Hong Kong was grim. Crypto exchange HashKey Exchange got approval from JPMorgan Chase to open a client money account — a meaningful step for its parent…
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Malaysia had a rougher week. Authorities pulled their support for Malaysia Blockchain Week after a backlash erupted over an after-party that featured influencer Siew Pui Yi, who…
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South Korea is moving toward a comprehensive Digital Asset Basic Act. The Financial Services Commission is working alongside the ruling party to draft legislation that would…
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The numbers on stablecoins aren't flattering. South Korea has now seen 18 consecutive months of stablecoin outflows. In June alone, that figure hit 560.
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On the legislative side, the opposition's bill to scrap planned crypto taxes moved to a committee stage. The government has committed to rolling out changes on January 1, 2027.
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Related: Spark Puts $150 Million Into Uniswap v4 as Institutional Lending Hits $260 Million
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South Korea's police also stood up a 41-member specialized unit focused on crypto-related crimes.
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Bitget is pulling out of Japan. The exchange will stop taking new registrations and start imposing account restrictions from November 1, with open positions forcibly closed by…
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Japanese game developer Gumi is going the other direction. The company is launching an $18.3 million crypto asset fund backed by SBI Financial Services and Daiwa Securities Group.
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FalconX, the crypto prime brokerage, is cutting 10% of its workforce as it braces for what it sees as a prolonged market downturn.
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