Johnny Lyu, CEO of KuCoin, launches “Anti-FUD Fund”
The exchange’s Anti-FUD Fund was established soon after a dispute between KuCoin CEO Johnny Lyu and a whistleblower who said the exchange was bankrupt. The CEO of cryptocurrency exchange KuCoin claims that the company is establishing a “Anti-FUD Fund” to find “FUDers,” potentially pursue legal action against them, and instruct cryptocurrency users on how to […]
Hong Kong is the most crypto ready nation in 2022
The number of crypto ATMs in relation to a country’s population and geographic area, as well as the number of blockchain companies per 100,000 people, were taken into account while determining that country’s preparedness. The survival of crypto depends on public approval, but for it to become widely used, governments must establish a supporting infrastructure […]
Japan’s Ministry of Economy establishes a Web3 policy agency
The new organization will collaborate with the creative sectors and financial authorities to develop metaverse and web3 regulations. The opening of the Web3 Policy Office by the Ministry of Economy, Trade and Industry (METI) of Japan in the Minister’s Secretariat is a significant milestone for the buzzword. The new organization pledges to bring together the […]
74% of govt agencies feel under-equipped for crypto probe: Chainalysis
According to a Chainalysis industry study, law enforcement and regulatory organizations looking into cryptocurrency-related occurrences require greater data, training, and private partnerships. Better tools, training, and assistance are required for cryptocurrency-related investigations, according to a public agency poll performed by blockchain analytics company Chainalysis. In its 2022 State of Cryptocurrency Investigations Survey, the blockchain data […]
SEC Philippines to investigate Binance over illicit business practices
A Philippine think group continues to push for the outlawing of Binance, this time alleging that the cryptocurrency exchange has been operating unlawfully there. Infrawatch PH, a think tank in the Philippines, is continuing its campaign to get Binance banned there by requesting that additional regulators look into the cryptocurrency exchange’s suspected unlawful business practices. […]