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K-Bank Acquires Majority Stake for $102 Million
Thailand’s second-largest bank, Kasikorn Bank, widely known as K-Bank, has acquired a 97% stake in the parent company of the established Satang crypto exchange. This strategic ac...
10 months ago
It marks the latest push for the U.K.-headquartered firm into the Asia-Pacific region. Founded in 2020, Zodia Custody helps financial institutions store their crypto securely.
Zodia Custody, the crypto security firm owned by British banking giant Standard Chartered, is launching its services in Hong Kong, the company told CNBC exclusively. It marks the ...
10 months ago
HTX, the crypto exchange formerly known as Huobi Global and owned by Chinese blockchain personality Justin Sun, has announced a profit of $98 million for the third quarter of 2023.
In a recent post on X (formerly Twitter), Sun claimed that HTX generated $202 million in revenues during the quarter, with expenses totaling $104 million. Despite the challenging marke...
10 months ago
The legal fight between Terraform Labs and Citadel Securities over the 2022 UST stablecoin issue presents a complicated situation filled with accusations, calling for a careful and unbiased review to find out what really happened.
Citadel Securities is caught up in a legal issue with Terraform Labs, connected to the 2022 instability of the stablecoin UST. In a strong response to Terraform’s legal request, ...
10 months ago
The UK has advanced its crypto regulation with the Economic Crime and Corporate Transparency bill, intensifying crackdown on financial crimes while striving to maintain a crypto-friendly stance.
The United Kingdom has made a significant stride in its battle against economic crime with the passage of the Economic Crime and Corporate Transparency bill today. Integratin...
10 months ago
Hong Kong Police arrested 8 more people on Thursday in the JPEX scandal, taking the total of arrested individuals in the alleged fraud to 36.
The police also revealed that a total of 2,595 people have reported losses in the JPEX crypto exchange. The total amount that has been defrauded in the alleged scam has ballooned up to 1.6 billi...
10 months ago
CoinFLEX CEO Mark Lamb breached his fiduciary duty when he created a new company, OPNX, with the founders of failed crypto hedge fund Three Arrows Capital, creditors argue. They are also critical of a deal Lamb struck with early BTC evangelist Roger Ver.
In early 2023, CoinFLEX CEO Mark Lamb was in search of a life rope. His Seychelles-based crypto exchange had just filed for restructuring, and a last-ditch attempt to save the com...
10 months ago
JPMorgan Chase & Co.’s digital token, JPM Coin, currently handles $1 billion worth of daily transactions, Global Head of Payments, Takis Georgakopoulos revealed.
Georgakopoulos revealed in an interview on Bloomberg Television that JPM Coin is currently transacted daily, primarily in US dollars. He further emphasized the bank’s commitment ...
10 months ago
Senior public officials in South Korea’s Gyeonggi province have declared their cryptocurrency holdings.
The disclosure comes as part of the province’s efforts to ensure transparency among its government employees to avoid conflict of interest. Gyeonggi province announced that ...
10 months ago
Israel's Proposed Crypto Account Restrictions as a Means to Halt Hamas Financing
Cryptocurrencies emerged with the tantalizing promise of financial autonomy and decentralization. However, the ongoing Middle East conflict has thrust this promise into the spotlight, igniting d...
10 months ago
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