Cryptocurrency

South Korean Telecom firm proposes the use of blockchain for phone insurance.

The South Korean-based telecommunications firm, SK Telecom, announced a blockchain-based document submission process for mobile phone insurance. This new protocol will replace the company's current antiquated paper processing methods. Before now, users had to go through a lot of...

Binance China Blockchain Institute partners with a state-level enterprise to develop digital infrastructure for SMEs.

Binance's new blockchain research institute in China has formed a strategic partnership with a state-level supply chain innovator to develop digital infrastructure for small and medium enterprises (SMEs) in the country. According to the announcement, the Binance institute's new...

OKEx partners with the Settle Network to allow crypto purchases in Latin America.

One of the leading global cryptocurrency exchanges, OKEx, is venturing into the Latin American crypto market by launching a fiat gateway for three local currencies. According to the announcement, OKEx users can now buy Bitcoin and Ether in exchange for...

Philippines financial regulator issues warning against three unregistered crypto firms.

The Philippines' securities regulator has issued a warning to investors to be aware of three cryptocurrency companies that might be a potential scam as they are not registered with the proper authorities. The Philippines Securities and Exchange Commission (SEC)...

Japan witnessed significant growth in the blockchain industry in 2020.

According to a new report by one of the country's largest digital currency companies revealed that the blockchain sector has grown by over 30% since 2019. For years, Japan has been witnessing growth in the blockchain industry. It is...

The UK High Court orders the crypto exchange Gpay to shut down.

The UK High Court has appointed liquidators to administer the GPay cryptocurrency trading platform's affairs, following allegations the company is "nothing but a scam." The crypto exchange, which also operates under Cryptopoint and XtraderFX, lured in investors through the...

Chinese police reportedly detained a prominent crypto OTC trader.

Chinese law enforcement agencies are targeting crypto trading. Reportedly, Zhao Dong – a prominent Chinese crypto OTC trader and the co-founder of the crypto lending platform RenrenBit – has been held up by police in the city of Hangzhou....

Brazil authorities lift the short-lived ban on the Whatsapp payment feature.

Facebook's bid to process payments in Brazil through its popular messaging platform Whatsapp has received a boost after the Brazilian regulator lifted the suspension it implemented a few days ago. However, Brazilian citizens are still not able to access...

The central bank of Japan to begin experimenting with a CBDC.

The central bank of Japan has announced that it will begin experimenting with a central bank digital currency (CBDC) to check its feasibility from a technical perspective. The central bank expressed its interest in creating a digital version of...

Singaporean citizen fined $100,000 for promoting the crypto scam OneCoin.

Fok Fook Seng, the 52-year-old Singaporean citizen, was fined $100,000 on July 1 for committing the offense between January 2016 and June 2017, said the Singapore Police Force. Fook Senf was charged in April 2019 under the Multi-Level Marketing...

Latest News

Over 100 US crypto companies received loans under the Paycheck Protection Program.

The loan-level data for the PPP recently published by the Small Business Administration revealed that over 100 crypto companies...