South Korea’s second-largest city Busan has announced a partnership with crypto trading platform FTX to build a local crypto exchange and foster blockchain development. Sam Bankman-Fried’s FTX will assist in creating the Busan Digital Asset Exchange as per an official statement from the Busan Metropolitan City on Aug. 30. The Bahamian-based firm will also support the city in fostering the growth […]

The court drama behind the acquisition of South Korean crypto exchange Bithumb has been going on for several years, but in an unexpected development, a Singapore court has made a ruling against Kim Byung-gun, who has originally accused the owner of Bithumb, Lee Jung-hoon, in defrauding him.  According to the South Korean publication Aju Daily, on Aug. 26, after three […]

Bitcoin price is struggling below $21,000 against the US Dollar. BTC might extend losses if it stays below the $20,500 and $21,000 resistance levels. Bitcoin Price Analysis Bitcoin price started a fresh decline from the $22,000 resistance zone. There was a steady decline below the $21,500 and $21,000 support levels. The decline gained pace below the $20,500 level and the […]

Paraguay’s president, Mario Abdo Benítez, vetoed a bill that sought to recognize cryptocurrency mining as an industrial activity on Monday. He reasoned that mining’s high electricity consumption could hinder the expansion of a sustainable national industry.  The decree stated that crypto mining uses intensive capital with low manpower usage, and therefore would not generate added value on par with other […]

According to the Managing Director of the Monetary Authority of Singapore (MAS), Ravi Menon, the most promising use cases for digital assets are in cross-border payment and settlement, trade finance, and pre- and post-trade capital market activities. Menon said so while delivering the opening address at the Green Shoots seminar in Singapore on August 29, 2022. Menon echoed similar comments on […]

After two consecutive weeks of negative returns, Bitcoin opened on Monday with its head down as investors continued to contemplate the hawkish comments by Fed chair Jeremy Powell. At press time, the largest cryptocurrency by market capitalization was trading at $19,720 after a 1.99% drop in the past 24 hours. Ethereum also kicked off the week on a gloomy note […]

Changpeng Zhao (CZ), CEO of Binance, criticized the creation of a novel “free-to-own” business model in the GameFi space on Tuesday, writing: “If everything will be free in the world, why do we have to work so hard…” The Binance CEO then explained that nothing is absolutely free, pointing to how the exchange can offer zero trading fees for Bitcoin […]

PRESS RELEASE. Jackson, Wyoming (August 29, 2022) – Gala Games, the leading pioneer in web3 entertainment and blockchain gaming, today announced that Spider Tanks, the first Web3 PvP esports brawler, will launch on October 31, 2022 as the debut game on Project GYRI, Gala Games’ proprietary games-first blockchain. In anticipation of the launch, starting today Gala is kicking off a […]