Busan City declares partnership with FTX to create local exchange
The “Blockchain” city of Busan in South Korea keeps forging alliances to promote the development of the cryptocurrency sector. The second-largest city in South Korea , Busan, has declared a partnership with cryptocurrency trading platform FTX in order to establish a local cryptocurrency exchange and promote blockchain innovation. According to a formal announcement made on […]
Thai SEC claims CTO of Bitkub engaged in insider trading
The Thai financial regulator stated that Mr. Wajanasathian’s actions were illegal since they constituted the purchase of KUB coins by someone who had inside knowledge or information. The Thai Securities and Exchange Commission (SEC) has launched enforcement actions against Bitkub’s chief technology officer for allegedly exploiting insider knowledge to buy Bitkub Coin (KUB). The SEC […]
Binance Pay enables UAE entrepreneurs repay loans with crypto
Following the integration of Binance Pay, Virtuzone joins the group of well-known companies in the UAE accepting cryptocurrencies. Binance established its footprint among Middle Eastern investors by operating several legally sanctioned businesses in Abu Dhabi, Dubai, and other areas. By collaborating with business lender Virtuzone, Binance has made it possible for new business owners to […]
Iranian companies get go-ahead to use cryptocurrency for imports
In an effort to increase trade within the nation, Iran’s Trade Ministry has approved the use of cryptocurrency payments for imports. In light of continued international trade sanctions, Iran’s Ministry of Industry , Mines, and Trade has authorized the use of cryptocurrency for imports. The country’s trade minister, Reza Fatemi Amin, reportedly acknowledged that specific […]
Hodlnaut under creditor protection after freezing withdrawals
On August 8, Hodlnaut halted all services on its platform claiming a liquidity problem and tumultuous market circumstances. The Singapore court on August 29 ordered the Singapore-based cryptocurrency lending company Hodlnaut to be under interim judicial management, a type of creditor protection scheme. Three weeks after Hodlnaut stopped all trading and withdrawals on its platform […]