Asia 33 | MachinaTrader.com

The Battle for Financial Freedom: Decentralized Cryptocurrencies vs Central Bank Digital Currencies

Charles Hoskinson, the CEO of Input Output Global and creator of Cardano (ADA), has highlighted the growing conflict between decentralized cryptocurrencies and Central Bank Digital Currencies (CBDCs). In an interview, Hoskinson argues that the real battle is not between different cryptocurrencies, but between the decentralized world of crypto and CBDCs.Hoskinson raises concerns about the potential […]

Hong Kong’s Public Confidence in Cryptocurrency Plummets After JPEX Scandal: Survey

Public sentiment towards cryptocurrency in Hong Kong has declined following the JPEX crypto exchange scandal, according to a survey conducted by The Hong Kong University of Science and Technology’s business school. The survey aimed to understand the impact of the scandal on public attitudes towards virtual assets. The initial findings revealed that 41% of respondents […]

Uniswap Introduces 0.15% Swap Fee on Select Tokens, Raises Questions for Traders

Uniswap, a decentralized exchange, has implemented a 0.15% swap fee on certain tokens, sparking questions about its impact on traders. This fee change could generate daily fees ranging from $388,000 to $444,000 on Uniswap V3. Approximately 35% to 40% of the platform’s transaction volume occurs on the front end. The targeted tokens for this fee […]

South Korea’s Financial Supervisory Service to Introduce New Regulations for Virtual Assets

South Korea’s Financial Supervisory Service (FSS) is working on regulations to complement the Virtual Asset Users Protection Act, which was recently passed. The FSS aims to have these regulations ready by January, well in advance of the law taking effect. During an audit conducted by the South Korean National Assembly Political Affairs Committee, FSS head […]

Fantom Foundation Loses Millions in Phishing Scam

The Fantom Foundation, a smart contract and Dapp platform, has fallen victim to a phishing scam resulting in the loss of hundreds of millions of dollars from its crypto wallets. The hack, which affected only the foundation and not the blockchain itself, saw the theft of approximately $7 million worth of funds, including ETH, Tether, […]

IOTA Selected to Participate in UAE’s Official Startup Delegation at CEATEC, Showcasing Global Impact in Web3 and Web2

The IOTA Foundation has been selected to participate in the official startup delegation of the United Arab Emirates (UAE) at the CEATEC conference in Japan. This recognition highlights IOTA’s contribution to advancing Web3 and Web2 technologies. With its groundbreaking Tangle technology, IOTA aims to showcase its potential impact on the Japanese and global markets at […]

Upbit Singapore Granted In-Principle Approval for Major Payment Institution License

Upbit, South Korea’s largest cryptocurrency exchange, has received in-principle approval for a Major Payment Institution (MPI) license in Singapore. The Monetary Authority of Singapore (MAS) granted the approval, allowing Upbit Singapore to offer digital payment token services to institutional investors while awaiting its full license. This approval is seen as a strategic milestone for Upbit […]

Circle and Coins.ph Partner to Revolutionize Remittances in the Philippines

Stablecoin issuer Circle has partnered with digital asset provider Coins.ph to improve remittance services in the Philippines. The partnership aims to promote the use of USDC-denominated remittances as a safe, affordable, and fast method for international money transfers. The Philippines received $36.1 billion in remittance flows in 2022, highlighting the importance of remittances to the […]

Reserve Bank of India Launches Wholesale CBDC Pilot with Major Banks

The Reserve Bank of India (RBI) has launched a pilot program to explore the use of central bank digital currency (CBDC) in the call money market. This initiative aims to facilitate interbank transactions for short-term lending and borrowing. Nine major banks, including State Bank of India and HDFC Bank, are participating in the pilot. The […]

FTX Founder Sam Bankman-Fried Faces Trial for Alleged $200 Million Financial Scam and Bribery Attempt

In a sensational trial that has captivated the crypto world, Sam Bankman-Fried, the founder of FTX, is facing charges of orchestrating a massive fraud. The prosecution alleges that Bankman-Fried was fully aware of the illicit activities taking place within his exchange and hedge fund, Alameda Research. However, his defense argues that he was simply an […]