Blockchain News Archives - Page 11 of 32

South Korean Neobanking Heavyweights Kakao Bank, Toss to Expand Crypto Operations

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Kakao Bank and Toss Bank, two of South Korea’s biggest neobanking players, are set to expand their range of crypto and stablecoin-related operations. Per a report from Yonhap’s Infomax, Kakao Bank is set to broaden the range of its partnership with the domestic crypto exchange player Coinone. The top 5 coins by trading volume on […]

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Robinhood Launches Stock Tokens and L2 Blockchain To Expand Crypto Offerings in EU and US

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Brokerage fintech firm Robinhood has unveiled a new suite of products and services, marking a major milestone for the cryptocurrency sector. Vlad Tenev, CEO and chairman of Robinhood, announced today at Robinhood Presents: To Catch a Token event in Cannes, France, that the firm is launching US stock and exchange-traded fund (ETF) tokens. “Our latest

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Crypto Ponzi Scheme Mastermind Gets 8 Years for M Investor Fraud—DOJ Confirms

Crypto Ponzi Scheme Mastermind Gets 8 Years for $40M Investor Fraud—DOJ Confirms

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Dwayne Golden of Harrisburg, Pennsylvania, has been sentenced to over eight years in federal prison for his role in a $40 million crypto Ponzi scheme, according to the U.S. Department of Justice. The sentence was delivered by Judge William F. Kuntz II in a Brooklyn federal court. The 57 years old man had pleaded guilty

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IRS Floods US Crypto Users With Notices — What You Need to Know

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Crypto investors across the US are facing renewed scrutiny from the Internal Revenue Service (IRS), which has sent out a surge of warning letters over the past two months. The letters, according to tax experts, suggest that the agency is ramping up enforcement after identifying discrepancies in recent tax filings tied to digital asset transactions.

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Iran’s Nobitex Starts Recovery Efforts After M Exploit

Iran’s Nobitex Starts Recovery Efforts After $90M Exploit

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Iran’s largest crypto exchange, Nobitex, has begun restoring user access to wallets after suffering a major cyberattack that drained over $90m in assets earlier this month. In a statement issued Sunday, the Tehran-based platform said that wallet access was being reactivated in phases, beginning with verified users and spot wallets. Other wallet types will follow,

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Over Half of South Koreans Have Crypto Trading Experience – Survey

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More than half of South Koreans aged 20 to 59 have crypto trading experience, with one in four currently HODLing coins. The same survey found that current crypto owners say that tokens like Bitcoin (BTC) make up at least 14% of the total value of their financial assets. South Koreans: Crypto Trading on the Rise?

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Owning Bitcoin Will Be The New American Dream, CZ Says

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Owning Bitcoin will replace home ownership as the American dream, former Binance CEO Changpeng “CZ” Zhao told his followers on social media this week. Bitcoin Ownership Is The New American Dream, CZ Says A June 26 X post from Zhao shows the crypto entrepreneur celebrating U.S. Federal Housing Finance Agency (FHFA) Director Bill Pulte’s decision

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South Korean Lawmaker Proposes ETF Bill to Include Virtual Assets

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Key Takeaways: A bill proposes expanding South Korea’s Capital Markets Act to include digital assets as underlying ETF assets. Trust companies could legally hold and manage digital assets, under clearer rules for delegation and custody. Some industry figures warn that brokering derivatives tied to digital assets requires rigorous risk controls. Min Byung-deok, a member of

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Sen. Tim Scott Sets Sept. 30 Deadline For Crypto Market Structure Legislation

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Senator Tim Scott (R-SC) says U.S. lawmakers are looking to have crypto market structure legislation completed by September of this year. Tim Scott Sets September 30 Crypto Market Structure Deadline Appearing in a fireside chat on Capitol Hill alongside fellow Senator Cynthia Lummis (R-WY) and the head of the President’s Council of Advisers on Digital

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Kakaopay Stock Plunges 17% as Korean Exchange Suspends Trading Over Stablecoin Exposure

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South Korean fintech giant KakaoPay crashed 17% on June 27 as trading resumed after the Korea Exchange suspended the stock for the second time in a week due to rising skepticism about won-pegged stablecoin. According to Bloomberg, the exchange designated Kakaopay as an “investment risk” due to extreme volatility, but the underlying cause runs much

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