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Rules drive Korean exchanges in order to delist, warn against high-risk coins

Southern Korea’s cryptocurrency market is constantly on the transform under the weight associated with mounting regulatory pressures. Main crypto exchanges such as Upbit have this week moved to delist or warn against particular digital assets they have evaluated to be high-risk for traders. The trend, as local reporters note, has seemingly already been sparked by the increasing degree of intervention by financial government bodies into crypto service providers’ operations. Last week, Korea’s Monetary Intelligence Unit (FIU) apparently contacted 33…

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Brand new DAO launches after $230M funding round including Philip Thiel, Alan Howard

BitDAO, a new decentralized autonomous business, is launching after a $230 million funding round directed by billionaire venture capitalist Peter Thiel. BitDAO introduced its DAO launch upon Tuesday in conjunction with completing a personal sale from initial companions led by Thiel, Pantera Capital, Dragonfly Capital plus Founders Fund. Other traders included billionaire hedge account manager Alan Howard, Spartan Group, Jump Capital, Fenbushi and Kain Warwick associated with DeFi protocol Synthetix, amongst a total of more than 20 gamers in…

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Suggested crypto ban legislation apparently under review by India’s government

India’s government is reportedly looking at modalities for banning or even regulating cryptocurrencies in the country. Based on Bloomberg Quint, reports reveal that the government is in discussions with financial regulators plus industry stakeholders to examine the particular provisions of an earlier offer that effectively called for the blanket prohibition of crypto in India. Back in Feb, several reports out of Indian stoked fears of a probable crypto ban that has up to now failed to materialize. Instead, the…

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Bitwise secures $70M in Collection B funding from main Wall Street investors

Bitwise, a four-year-old crypto resource management firm, has shut a Series B funding circular, raising $70 million within fresh capital from traders. According to a report by CNBC on Tuesday, major Wall structure Street figures such as billionaire investor and Bitcoin (BTC) proponent Stanley Druckenmiller plus David McCormick, CEO associated with asset management giant Bridgewater Associates, participated in the financing. Commenting on the stellar throw of investors, CNBC cited Bitwise CEO Hunter Horsley stating that the company had been…

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Kyber expands to Polygon, announces $30M ‘Rainmaker’ liquidity exploration program

Decentralized finance liquidity hub Kyber Network is set to become the following DeFi protocol to your expanding Polygon ecosystem. In the statement issued on Wed, Kyber announced the start of Rainmaker, a liquidity mining program on the platform’s Dynamic Market Maker process that will commence on 06 30 to mark Kyber’s expansion to Polygon. Based on the announcement, the Rainmaker system will distribute $30 mil in rewards to liquidity providers on the Kyber DMM across both Polygon plus Ethereum….

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