Chinese banks sets to accept e-yuan for buying insurance and investment funds
Chinese banks supported by the Chinese government are apparently looking into additional uses for the digital yuan (e-yuan), such as allowing citizens to buy insurance and investment funds online. Leading Chinese banks such as Bank of Communications (Bocom) and China Construction Bank (CCB) are collaborating with fund managers and insurers to enable e-yuan payments in […]
MUFG increases its crypto exposure following $41M funding for Zipmex
In the most recent investment round for the Asia-Pacific-focused crypto exchange Zipmex, Thailand’s Bank of Ayudhya (BAY) in which Mitsubishi UFJ Financial Group (MUFG) owns a 76.9% share took part. In addition to BAY, two publicly traded Thai media companies and offshore VC funds participated in the $41 million fundraising, accounting for the majority of […]
Famous Tennis star Naomi Osaka expresses interest in Dogecoin
After seeing the hype over Dogecoin (DOGE) on Twitter, which was mostly spearheaded by Elon Musk, Naomi Osaka, a top tennis player from Japan, has been outspoken and in talks with her agent about her interests in cryptocurrencies. In a recent Bloomberg interview, Osaka said that she has been discussing cryptocurrency with her agency after […]
Derivatives are essential for a functioning digital asset market – FTX CEO
Sam Bankman-Fried (SBF), the CEO of crypto derivatives exchange FTX, has suggested that derivatives are necessary to bolster liquidity and also essential for the functioning of the digital asset markets. The crypto billionaire said that crypto derivatives are “misunderstood” in an interview with Forbes published Aug. 30, claiming that detractors fail to see the critical […]
Venezuelan fakes his abduction and allegedly steals $1m in BTC from clients
Venezuelan police are looking for a 23-year-old scammer who allegedly stole $1.15 million in Bitcoin (BTC) from his clients’ accounts after faking his own kidnapping. Douglas Rico, the director of Venezuela’s Scientific, Criminal, and Criminal Investigations Corps (CICPC), made a statement on August 29th claiming that Andrés Jess Dos Santos Hernández, 23, was wanted by […]