South Korea's strict laws on crypto exchanges come into force

The Maker Foundation, the group behind the decentralized crypto platform MakerDAO, announced today that venture capital funds Dragonfly Capital Partners and Paradigm have acquired $27.5 million worth of MKR. This is approximately 5.5% of the total MKR supply.As MKR token holders, both investment funds will actively participate in the decentralized governance of the Maker Protocol.…

The NFT sector took the world by storm in 2021 as crypto and corporate sector influencers, globally recognized companies and popular sports teams embraced the growing digital collectible trend. After a brief sector-wide pullback which coincided with the market-wide declines seen beginning in May, the NFT sector roared back to life as collectibles like CryptoPunks, Pudgy Penguins and…

Interest in cannabidiol-based products has been on the rise, as recent statistics show that the global cannabis market is expected to have reached $42.7 billion in the next four years. Yet as hemp-derived cannabidiol, or CBD, products gain popularity, federal agencies are proceeding with caution around regulatory measures for cannabis products. In order to address regulatory…

Pavel Durov, founder and CEO of major encrypted messenger Telegram, argues that Apple’s cloud service iCloud is “now officially a surveillance tool.”Citing a Jan. 21 Reuters report, Durov claimed that applications like WhatsApp — which rely on iCloud to store private messages — are “part of the problem.” Telegram CEO delivered his verdict in a…

This article has been updated to reflect the breaking news events.Major global banking payments network SWIFT has revealed it plans to launch a Proof-of-Concept (PoC) of a gateway — dubbed GPI Link — that will allow enterprise blockchain software firm R3 to link to GPI (Global Payments Innovation) payments from their platform.Speaking at the Paris Fintech…

Tranchess is live on the Binance SmartChain with a Bitcoin tracking token and yield farming options for investors. 234 Total views 4 Total shares Three Arrows Capital CEO Su Zhu has announced the launch of decentralized finance (DeFi) protocol Tranchess.Tweeting on Thursday, Zhu described Tranchess as a “Tokenized Asset Management and Derivatives Trading” protocol.While the…

Though many filings in the SEC case were made under seal, Judge Jed Rakoff reportedly suggested that nothing would remain confidential should the matter go to trial. 94 Total views 1 Total shares Lawyers representing the United States Securities and Exchange Commission and Terraform Labs and co-founder Do Kwon sparred in court over information provided

The IT firm denies that it paid a ransom to the Russian hacker group in exchange for the decryption tool. 426 Total views 17 Total shares IT software provider, Kaseya, has announced it is providing its clients with a decryption tool to recover customer data that was locked in a ransomware attack earlier this month.In…