South Korean Upbit crypto exchange faces monopoly probe
South Korea’s FSC will reportedly investigate Upbit’s relationship with its bank partner K-Bank before the latter’s IPO, which is expected in late October.
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Electronics Giant LG Focuses on Development of Blockchain, AI, IoT With Branding Strategy
LG CNS, a subsidiary of South Korean multinational conglomerate LG Corporation, has announced a plan to strengthen its enterprise offerings in seven key areas including blockchain, according to an official press release published August 22. LG CNS is planning to release new “strategic” brands for each of the seven platforms of newly developed technologies —…

Cred officially confirms suspension of fund inflows and outflows
A supposed Uphold user said that the first issues on CredEarn started on Oct. 15. 1269 Total views 13 Total shares Cred, a United States-based cryptocurrency lending service, has officially announced the temporary suspension of operations due to an ongoing investigation.On Oct. 29, Cred executives tweeted that the company is now cooperating with law enforcement…

Hong Kong Bitcoin ETFs top $250M AUM
For the Hong Kong-based spot Bitcoin ETFs to compete with their US counterparts, they will need to attract more retail and institutional investors.

US Startup Raises $3.5 from Pantera, Others to Launch Decentralized Exchange on LN
The United States-based startup Sparkswap has completed a successful seed funding round to create a decentralized exchange based on the Bitcoin (BTC) Lightning Network. A blog post revealed the development on Monday, April 8.According to Sparkswap’s founder Trey Griffith, the company raised $3.5 million from investors including Initialized Capital, Pantera Capital, Foundation Capital and Y…

Bitcoin clings to $56K as whales keep buying — Watch these BTC price levels
Bitcoin (BTC) is demanding a “slightly bearish” rethink on price action as old support levels give way overnight.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewAnalysts sounds alarm over open intereData from Cointelegraph Markets Pro and TradingView showed a low of $55,640 on Bitstamp on Nov. 19.Capitalizing on its lowest levels in over a month, Bitcoin has…

CBDCs seen offering faster settlements by 87% global securities firms: Citi survey
The year-on-year growing support for digital cash is supported by ongoing domestic pilots and cross-border initiatives taken up by various jurisdictions, CitiBank's survery found. 56 Total views 1 Total shares Discussions around ways to shorten local settlement cycles within the next five years have got most securities firms eyeing local central bank digital currencies (CBDCs). CitiBank’s…

Dash is evolving into a decentralized cloud cryptocurrency
Payments-focused cryptocurrency Dash is starting to release insights into its new platform, which enables data to be stored within the network in the form of decentralized cloud service.The forthcoming Dash Platform has been developed from longstanding ideas to evolve the cryptocurrency’s functionalities — dating back to the announcement of “Dash Evolution” back in 2015.Dash Platform…

XRP Army’s Cost Basis Per Coin is $1.38 — 7X the Current Price
According to Messari’s realized cap figures, XRP token holders paid an average of seven times the current price. 1041 Total views 15 Total shares Most XRP investors are “deeply in the red” according to Messari crypto analyst Ryan Watkins, using realized capitalization as the metricWatkins made the claim in a June 16 tweet saying that…