Crypto.com’s South Korea launch hit by regulatory roadblock

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Singaporean cryptocurrency exchange, Crypto.com, announced it would delay the rollout of its services in South Korea following regulatory discoveries of suspicious money laundering activities in their platform’s data. South Korean regulatory officials discovered issues concerning Anti-Money Laundering regulations in the information provided by Crypto.com. In response, these authorities conducted an unexpected on-site investigation to closely … Read more

Vietnamese tech company to build $200M AI factory with Nvidia

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FPT, a prominent IT company from Vietnam, and Nvidia, a renowned global chip-making company, announced their plans to team up financially and construct a $200 million AI factory in Vietnam. On April 23, the companies announced that they are collaborating on a project with the goal of providing a comprehensive solution for artificial intelligence (AI) … Read more

What Is FUD in Crypto?

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For beginners in crypto jargon, let’s delve deeper into a commonly asked question among crypto enthusiasts and traders: What does “FUD” mean in the cryptocurrency world? In the crypto market, there was a need for a term that clearly conveyed the feelings of apprehension, ambiguity, and hesitation among investors, making the market’s dynamics more transparent … Read more

Ripple contests $2B SEC fine, says penalty shouldn’t exceed $10M

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Ripple, the cross-border payment protocol company, challenged the SEC’s proposed $2 billion penalty in the US, arguing that a more reasonable fine of around $10 million would be more appropriate. In their latest court submission, Ripple Labs challenged the SEC’s proposal of imposing a penalty of around $2 billion on the company before a federal … Read more

Europe’s largest banks are moving into crypto thanks to regulations: Bitpanda

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EU’s major banks are considering joining the cryptocurrency sector due to the clear guidelines provided by the MiCA regulations adopted by the European Union. This is according to Lukas Enzersdorfer-Konrad, the deputy CEO of Bitpanda, who told CryptoMoon: “European banks are moving into crypto as an asset class and tokenization technology, because MiCA, the upcoming … Read more

Philippines SEC orders Apple and Google to remove Binance from app stores

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The Philippines’ Securities and Exchange Commission (SEC) instructed Google and Apple to take down the Binance app from their app markets for Filipino users. The SEC announced on April 23 that it’s collaborating with major tech firms to take down apps connected to Binance, the renowned cryptocurrency company. These companies were reportedly given individual notices … Read more