Upbit sister firm Lambda256 raises $60M
Dunamu, the major operator of South Korean cryptocurrency exchange Upbit, is making strides in blockchain development thanks to new funding for its blockchain branch Lambda256. Lambda256 raised 70 billion Korean won ($60 million) in a Series B financing, valuing the company at over $300 million, according to a Dec. 15 release. The company focuses on […]
Robinhood introduces crypto gifting feature for its US users
In the spirit of the holidays, Robinhood trading app is launching a new feature that allows gifting of cryptocurrencies through its platform, this feature is believed to help newbies “take the first step” in the crypto space. Robinhood, a cryptocurrency trading app, has announced that its customers will be able to give bitcoin to friends […]
Cryptocurrencies cannot become a means of payment – Bank of Thailand’s Governor
In order to reduce risks and safeguard investors, the government of Thailand is working on a new legal framework that will set to identify “red lines” for cryptocurrencies such as Bitcoin (BTC) and the crypto industry at large. In a Dec. 14 interview with The Bangkok Post, Governor Sethaput Suthiwartnarueput stated the Bank of Thailand […]
Myanmar’s NUG adopting USDT as its local official currency receives praises from Tether
The National Unity Government of the Republic of Myanmar (NUG), has stated that Tether’s USDT would be adopted as a legal tender for local use, Tether has commended this move stating it will help strengthen the US currency. Tether has now praised the government’s move, claiming that it demonstrates the strength of the US currenc […]
Beijing court deems monetary compensation in Bitcoin mining contract plea “invalid”
Last summer, China began cracking down on crypto mining, forcing some of the world’s largest Bitcoin mining businesses to leave the country. In exchange for his Bitcoin mining infrastructure investment, the plaintiff in the case wanted 217.7 BTC. The plaintiff’s Bitcoin mining contract with the blockchain firm was declared “void” by the Chaoyang District People’s […]