Singapore appears to have edged ahead of Hong Kong in the race to become the leading crypto hub in Asia. Both cities are vying for dominance by introducing specialized regulatory regimes, tokenization initiatives, and innovation-driven sandboxes. However, Singapore's proactive licensing strategy and robust fintech initiatives may have tipped the scales ...
A new scam targeting cryptocurrency users has surfaced, in which fraudsters trick victims into stealing funds from multi-signature wallets. The scam's tactics, exposed in a December 23 blog post by cybersecurity firm Kaspersky, involve using fake seed phrases to lure users into transferring funds and ultimately scamming them. The scam ...
The United States and South Korea are reportedly collaborating on developing advanced mechanisms to combat cryptocurrency thefts allegedly tied to North Korea. According to South Korea's Yonhap News Agency, the two nations have signed an agreement to jointly develop technologies to prevent cryptocurrency thefts, with plans extending through 2026. The ...
Crypto custodian Copper Technologies Ltd. has withdrawn its application to register with the UK’s Financial Conduct Authority (FCA), signalling a shift in focus to international hubs under its new CEO, Amar Kuchinad. According to Bloomberg, Copper's decision to pivot away from the UK follows its failure to obtain permanent registration ...
Bitget, the leading cryptocurrency exchange and Web3 company, has partnered strategically with Fiat24, a Swiss-regulated fintech firm specializing in blockchain-powered banking solutions. The collaboration is focused on developing PayFi solutions for major cryptocurrencies like Ethereum (ETH) and Bitget Token (BGB), as well as stablecoins such as USD Coin (USDC). The ...
Ki Young Ju, CEO and founder of CryptoQuant, has voiced strong concerns about South Korea's economic trajectory, criticizing current government policies for exacerbating economic instability and diminishing the appeal of domestic assets. In a recent post on X, Ki highlighted the strengthening of the Korean Won as a key issue, ...
Hong Kong's Securities and Futures Commission (SFC) has issued licenses to four more virtual asset trading platforms (VATPs) as part of its drive to establish the city as a leading global crypto hub. The newly licensed exchanges—HKbitEX, Accumulus, DFX Labs, and EX.IO—received approval under the SFC's new "swift licensing process." ...
Broadridge Financial Solutions has teamed up with the Crypto Carbon Ratings Institute (CCRI) to launch a platform designed to help financial firms comply with the European Union's (EU) Markets in Crypto-Assets (MiCA) regulations. The collaboration combines CCRI's sustainability data with Broadridge's ClearFI platform, equipping Crypto-Asset Service Providers (CASPs), exchanges, brokers, ...
A federal jury in Virginia has found Mohammed Azharuddin Chhipa of Springfield guilty of conspiring to provide material support to ISIS. Prosecutors disclosed that between October 2019 and October 2022, Chhipa raised over $185,000 in cryptocurrency to support a terrorist organization. The funds gathered through social media campaigns and in-person ...
Nigeria's Economic and Financial Crimes Commission (EFCC) has apprehended 792 individuals for alleged involvement in a widespread cryptocurrency romance scam. According to a report by Reuters, On December 10, authorities raided a building in Lagos believed to be a hub for the fraudulent activities. Wilson Uwujaren, a spokesperson for the ...
