South Korean investors and companies hold nearly $100 billion worth of cryptocurrencies overseas, representing 70% of their total reported foreign financial assets, prompting the country’s National Tax Service to implement measures to track and penalize non-reporting.
PayPal has expanded its cryptocurrency offerings by integrating its PYUSD stablecoin with Venmo, making it accessible to users and signaling the growing adoption of stablecoins in the financial industry.
South Korea’s second largest city Busan is allocating $75 million to develop an open public blockchain network compatible with Ethereum and Cosmos, aiming to make Busan a blockchain city.
PRIMEXBT launches an innovative new crypto futures trading platform with advanced tools like high leverage and robust security features.
Provenance Blockchain and Axelar are collaborating to increase cross-chain interoperability of financial assets across blockchains and institutions to boost liquidity and access for investors
Circle has introduced its USDC stablecoin into Polkadot’s network of parachains, expanding access to the dollar-backed cryptocurrency.
Shiba Inu’s layer-2 solution Shibarium saw a huge 530% spike in new verified contracts on Monday, which could signal growing developer interest in the network. However, other metrics like TVL remain low.
Tether authorized $1 billion in USDT for the Tron network as USDT market cap hits $83B and USDC declines after SVB collapse.
Binance CEO Changpeng Zhao said reports he took a $250M loan from BAM Management are wrong, claiming he loaned them the funds.
Amazon announced plans to enhance its popular Alexa digital assistant using generative artificial intelligence, allowing the company to compete with ChatGPT, Google, and Microsoft in the AI realm.
