KUN, a Hong Kong-based stablecoin and embedded finance platform, has secured over $50 million in funding just 20 months after launch, following a heavily oversubscribed Series A round. Backed by existing investors BAI Capital and GSR Ventures, the round also drew two new strategic investors: a Hong Kong-listed conglomerate and ...
As the United States marks “Crypto Week” with increased media attention and rising legislative momentum around stablecoin regulation, the global crypto landscape is undergoing a notable shift—one that points east. “This is a historic turning point,” said Konstantin Anissimov, CEO of Currency.com. “With Bitcoin hitting record highs and Congress debating ...
Tether Gold (XAUt), the gold-backed stablecoin issued by Tether, has officially launched in Thailand with its listing on the local cryptocurrency exchange Maxbit. This development was announced on May 13, marking a significant step for tokenized gold assets in the Thai market. Maxbit, a licensed digital asset exchange launched in ...
As the global cryptocurrency market experiences a historic resurgence, led by Bitcoin’s record-breaking rally to nearly $110,000, Asian financial powerhouses Hong Kong and Singapore are stepping up their efforts to establish themselves as key crypto hubs. Their push comes as governments worldwide, spurred by U.S. President Donald Trump’s pro-crypto policies, ...
Analysts warn that Bitcoin may face a short-term slowdown due to tightening global liquidity driven by a stronger U.S. dollar following Donald Trump's re-election, which could challenge potential price gains. According to a research note from Matrixport, Asia's blockchain analysis hub, tightening global liquidity could affect Bitcoin's performance. Crypto analyst ...
The cryptocurrency landscape is undergoing a profound transformation, driven by a geographic shift in developer activity and the rise of emerging blockchain ecosystems. Electric Capital’s latest annual developer report reveals that Asia now accounts for a staggering 32% of global crypto developer activity—a remarkable leap from just 12% in 2015. ...
The U.S. is seeing a decline in its share of global crypto developers, and industry stakeholders are raising concerns about its competitive position in the blockchain industry. According to Maria Shen, general partner at blockchain venture firm Electric Capital, the U.S. now accounts for just 18.8% of global crypto developers. ...
The Nigerian government has formally dropped all charges against Tigran Gambaryan, an executive at Binance Holdings, who had been on trial for money laundering since April. According to a report by local media outlet PremiumTimes, the charges, linked to $34.4 million in money laundering and currency speculation, were withdrawn by ...
Malaysian cryptocurrency exchange Hata has successfully raised $4.2 million in a seed funding round led by Castle Island Ventures and Cadenza Ventures. This capital will allow Hata to expand its product offerings and attract both retail and institutional clients across the Asia Pacific region, particularly focusing on users trading in ...
Sam Altman-led blockchain-based Universal ID project, Worldcoin, is reportedly shifting its focus from Europe to Asia. At a recent tech summit, Fabian Bodensteiner, managing director of Worldcoin's European subsidiary, explained that the project is now concentrating on markets more receptive to technological innovation. He emphasized that Europe is no longer ...
