South Korean prosecutors will launch a “full-scale investigation” into the former CEO of the tech powerhouse Kakao over crypto “embezzlement” claims.Chosun Ilbo reported that the case will be handled by the Seoul Southern District Prosecutors’ Office’s Virtual Asset Crime Joint Investigation Unit.Prosecutors will probe the tech giant’s founder and former…

G20 Finance Ministers and Central Bank Governors have issued a joint communique in Marrakech, Morocco announcing unanimous adoption of a comprehensive roadmap aimed at regulating crypto assets. The joint communique was released during the fourth and final G20 FMCB meeting under India’s presidency. The roadmap seeks to enhance global financial stability and…

In light of the recent US core inflation data, the crypto community is eagerly discussing the potential trajectory of Bitcoin (BTC/USD) for October 12.As recent US inflation data outstrips forecasts, the financial realm is abuzz with speculation and predictions.Particularly in the cryptocurrency sector, eyes are keenly fixed on Bitcoin, gauging…

Hotter-than-expected US Consumer Price Index (CPI) inflation numbers did little the shift sentiment in the crypto market on Thursday.Bitcoin (BTC) was last trading just under $26,700, just to the north of its 50-Day Moving Average (DMA), which appears to be offering support for now, but still trading with a negative…

The Chinese tech titan Tencent, the WeChat operator, will launch a digital yuan smart contract offering for small and medium-sized enterprises (SMEs).The move comes weeks after the firm announced it would join a central bank-led e-CNY and global CBDC interoperability pilot.Per the Securities Times, Tencent said it will release a…

Mastercard has announced a successful demonstration of an innovative solution that enables the wrapping of Central Bank Digital Currencies (CBDCs) on various blockchain networks.This solution emerged from a collaboration between Mastercard, Cuscal, and Mintable as part of a research project conducted with the Reserve Bank of Australia (RBA) and the…

In an unexpected turn of events, a decentralized finance (DeFi) user accidentally lost a fortune after he swapped $131,350 in wrapped USDR (wUSDR) for $0 in USDC.The transaction was initially captured on DeFi and DEX aggregator OpenOcean by X (formerly Twitter) user @rektfencer.The DeFi user swapped $131,350, equivalent to approximately…

New data released Thursday showed U.S. inflation remained elevated in September, sending Bitcoin and other cryptocurrencies modestly lower.The Consumer Price Index, which tracks costs for household goods and services, rose 0.4% last month, according to the Bureau of Labor Statistics. While that marked a slowdown from the 0.6% increase in…

Web3 social media startup Republik has announced the successful closure of its $6 million seed funding round, bringing its valuation to $75 million.The investment round saw participation from several predominantly Asian venture investors, including OKX Ventures, 6th Man Ventures, Arcane Ventures, CMS Holdings, Comma3 Ventures, Define Ventures, Enjin, FBG Capital,…

As Bitcoin prepares for its next halving event, expected post-April 2024, blockchain analysts are showing interest in yPredict, an AI trading platform currently in the latter stages of its crypto presale. The attention to yPredict comes on the heels of predictions by crypto analyst PlanB, who anticipates a bullish phase…