Chinese boomers joining crypto tapper cults, WazirX fallout worsens: Asia Express

Twenty-eight organizations including Raiffeisen and 17 other banks have participated in the successful completion of the Ivno Global Tokenized Collateral Trial. This is the first global token trial on the R3 Corda platform, hosted on Microsoft Azure, as reported on Oct. 17.Efficiencies in tokenized collateralThe trial, conducted by London-based Ivno, saw the participating organizations create…

Cash App’s Bitcoin profits fell in the third quarter, but overall profits are still on the rise. 606 Total views 29 Total shares Jack Dorsey’s payments company Square Inc. revealed in its Q3 earnings report that mobile payments app Cash App saw a 23% drop in quarterly profits generated by Bitcoin.But Bitcoin profits and revenue…

Amid the looming regulatory deadline in South Korea, a major crypto exchange is closing up shop in the country. 351 Total views 6 Total shares Bybit, one of the world’s top cryptocurrency derivatives exchanges, will halt some of its services to South Korean users ahead of a licensing deadline.The exchange officially announced on Friday that it…

South Korean financial regulators are developing a penalty regime for Anti-Money Laundering and Know Your Customer violations by cryptocurrency exchanges. 1314 Total views 9 Total shares South Korean crypto exchanges that don't take extensive data collection and identity verification measures could soon be subject to heavy fines. According to an official announcement Wednesday, South Korea’s Financial…

The current economic environment has made it difficult for pension funds to sustain their expected rate of return. The U.S. Federal Reserve has continued along the path of cutting rates to zero and it seems likely to keep them there for at least a couple of years. This means pension funds may be forced to…

Andrew Chi-Chih Yao, the recipient of the letter, is the chief scientist of the Conflux network and a professor at the country’s prestigious Tsinghua University.

White hat hackers have been awarded $878,000 in bug bounties this year, technology news website TheNextWeb reports on Dec. 30.Bug bounties are a type of competition in which companies that develop software invite hackers to break their software and responsibly disclose the vulnerabilities, so they are able to fix them before they are exploited.According to…

Anti-establishment Javier Milei was the touted favorite in Argentina’s presidential election but is trailing in second place with 90% of the vote counted. 406 Total views 45 Total shares Pro-Bitcoin (BTC) presidential candidate Javier Milei failed to secure victory in the first round of the Argentine presidential election and is now set to face off