Thai SEC Proposes New Crypto Investment Rules for Funds
The Thai SEC has proposed new regulations to allow mutual and private funds to invest in digital assets, aiming to align with global trends and meet rising institutional interest. In an effort to align with international developments and address the increasing interest from institutional investors, the Thai Securities and Exchange Commission (SEC) has proposed new […]
Binance Labs Leads Major Funding Round for UniSat Bitcoin Wallet
In a significant step, Binance Labs led the Pre-A funding round for Bitcoin wallet UniSat, which also offers Bitcoin Ordinals and BRC-20 solutions. UniSat Wallet, a browser extension wallet, has effectively concluded a Pre-A round of financing. This strategic round was led by Binance Labs, the major cryptocurrency exchange’s innovation arm. UniSat announced on X […]
South Korean Police Arrest Two Crypto Scammers
South Korean Police have apprehended two crypto scammers who deceived an elderly person out of 5.5 billion won ($4.1 million) by promising lucrative cryptocurrency investments of 1 billion South Korean won within a month. Two individuals, aged 20 and 30, were apprehended by the Haeundae Police Station in Busan, South Korea, on suspicion of deceiving […]
Jupiter’s Crypto Investment Fails Due to Regulatory Mismatch
Jupiter Asset Management, a London-based firm with over $65 billion in assets, had to cancel its crypto investment in 21Shares’ Ripple XRP ETP due to conflicting regulations across Europe. Jupiter Asset Management, a prominent London-listed firm overseeing assets worth over $65.8 billion, faced a setback as its crypto investment was abruptly terminated following a compliance […]
M&G Invests $20M in UK Crypto Derivatives Platform
M&G Investments, a pension fund, invests $20 million in GFO-X, signifying a change in institutional confidence following the FTX collapse. In light of Bitcoin’s (BTC) and the broader cryptocurrency market’s robust recovery this year, conventional market participants have begun to enter the sector. London-based pension giant M&G Plc recently invested an extraordinary $20 million in a […]