Dogwifhat leads the market with 13% gain — What’s driving WIF price?

Our weekly roundup of news from East Asia curates the industry’s most important developments. Bithumb in turmoil  On Jan. 25, Yonhap Infomax reported that South Korean authorities had requested an arrest warrant for Kang Jong-Hyun, chairman and owner of cryptocurrency exchange Bithumb, over embezzlement allegations. That same day, the Financial Investigation Second Division of the…

It's been a costly business denying spot Bitcoin ETF products a market, reactions claim, while Bitcoin price action steadies. 1080 Total views 13 Total shares Bitcoin (BTC) tapered losses on Nov. 13 as the market showed little interest in U.S. regulators refusing to allow a spot exchange-traded fund (ETF).BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewETF…

The bot was valued at $16.5 million during its token debut last month. 133 Total views 1 Total shares None Trading, a trading tool for cryptocurrencies and nonfungible tokens built on Discord, has shut down due to a "critical exploit" within its infrastructure.According to the September 20 announcement, None Trading developers said that it has

The long-awaited recession and resulting resumption of the 2022 bear market that many have been expecting has failed to materialize so far in 2023. In fact, most assets have caught a bid, with the NASDAQ hitting a 52-week high on July 12.How can this be, and will the rally continue?Michael Burry of Big Short fame…

The research arm of top crypto exchange Binance has published an analysis of JPMorgan Chase’s newly announced stablecoin, arguing that the digital coin brings “minimal direct competition” to Ripple's XRP token in the near term. The study was published on March 1 by Binance Research.As Cointelegraph has reported, JPMorgan Chase announced the forthcoming launch of…

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Reown CEO Jess Houlgrave believes crypto wallets will transition into a “collection of wallets and accounts that can interact with each other.”

Following initial discussions with the Bank of Canada, four top universities have submitted design proposals for a central bank digital currency. 227 Total views 3 Total shares Major Canadian universities have submitted new research to the Bank of Canada centered around the development of a central bank digital currency, or CBDC, underscoring the innovation underway in…

Coinbin, the South Korean cryptocurrency exchange that took over hacked exchange Youbit, has filed for bankruptcy owing users almost $30 million, correspondence from the company confirmed on Feb. 20.Coinbin, which acquired Youbit in 2017, is closing operations as the result of embezzlement from a senior executive, local media including English-language resource Business Korea subsequently reported.“We…