Balancing innovation and regulation in South Korea’s crypto industry, with regulators concerned about staking’s potential risks to consumers and market stability. (Read More)
South Korea Regulator Probes Crypto Staking Services
South Korea’s Financial Supervisory Service checks exchanges’ crypto staking services for legality. (Read More)
Indonesia’s State-Backed Crypto Exchange: An Analysis
Indonesia’s state-backed crypto exchange aims to promote transparency, accountability, and investor protection. It is expected to boost crypto adoption. (Read More)
Liquid Staking Protocol Lido Activates “Staking Rate Limit” After Record Inflows
Lido Finance, a liquid staking protocol for Ethereum, activated a “staking rate limit” after more than 150,000 ETH was staked in a single day. The mechanism aims to address any negative effects of high inflows, limiting the amount of staked Ether that can be minted within a 24-hour timeframe. (Read More)
Indonesia to Launch State-Backed Crypto Exchange by Mid-2023
Indonesia plans to launch a state-backed crypto exchange by mid-2023 to promote a more secure and transparent market, with greater regulatory oversight and investor protection. (Read More)
Alchemy Pay Scores License to Expand in Indonesia
Alchemy Pay has obtained a license from the central bank of Indonesia to operate remittance and fund transfers in cooperation with local fintech firm Berkah Digital Pembayaran. The license allows the firms to offer better payout methods and reduce associated operating costs. (Read More)
Crypto Industry Continues to Experience Hacks and Exploits: Can Increased Security Measures Help?
Despite recent recoveries, $4bn was lost to hacks, fraud, and scams in 2022. Increased security measures, such as DeFi and multi-signature wallets, can help. (Read More)
Trezor Produces In-House Chips to Speed Up Hardware Wallet Production
Trezor accelerates hardware wallet production by producing its own chip wrapper, reducing lead times and shipping delays caused by component supply and demand. (Read More)
Japan’s Tech Companies Collaborate to Build Open Metaverse Infrastructure
Several tech companies in Japan have signed an agreement to create the Japan Metaverse Economic Zone and an open metaverse infrastructure called Ryugukoku. The infrastructure will serve as a new social infrastructure for enterprise digital transformation and enable interoperability across different platforms. (Read More)
400M XRP Released By Ripple As Monthly Escrow Process
Previously, XRP had seen AI establish its price estimate for March 1, 2023, influenced by what was viewed as an optimistic attitude. To predict how the digital assets would perform at the beginning of the following month, PricePredictions has deployed machine learning algorithms. In perspective, as March moves beyond February, San Francisco-based crypto powerhouse Ripple […]