South Korean financial giant KEB Hana Bank has entered into a strategic business agreement with California-based crypto custody and security platform BitGo to offer digital asset custody (DAC) services to its clients starting next year.The collaboration was announced during the Korea Blockchain Week conference held in Seoul.Hana Bank, which recently…

Two Portuguese citizens have lost over $312,000 to crypto scammers, with police claiming that more people are falling victim to crypto fraudsters.Per CM-TV, the two individuals hail from Cantanhede, in Portugal’s Coimbra District.The duo appear to have been promised they could expect “quick profits” by “staking” coins on a platform.One…

The Bank of China and the e-commerce heavy-hitter Meituan have signed a digital yuan collaboration deal, with both firms looking to step up their CBDC capabilities.Per the Securities Times, via Stockstar, the two firms have sealed a “cooperation agreement” that will see them “deepen” their “digital yuan cooperation.”The new deal…

A new research paper from Harvard legal scholar Christine Kim argues that the same tax principles that apply to physical world income should extend to the metaverse.Christine Kim, a law professor at Yeshiva University, laid out the case for taxing the metaverse in her recent paper “Taxing the Metaverse.” She…

Last week brought high volatility but little change for bitcoin’s price, which registered a high of $28,167 and a low of $25,328 but closing the week down a modest 0.48%.While longer term price charts paint a decidedly bearish picture, a growing divergence between price action and momentum indicators suggests bulls…

Gala Games CEO Eric Schiermeyer has filed a lawsuit against the company’s co-founder, Wright Thurston, alleging the theft of 8.6 billion GALA tokens worth $130 million in early 2021.In addition to alleging theft, the lawsuit claims that Thurston has a history of founding companies that end up insolvent, bankrupt, or…

A recent survey shows Nigeria as the most crypto-savvy nation ahead of the United States and European countries.According to a new report from YouGov and ConsenSys, Nigeria’s crypto awareness stands at 99% as the country leads in digital asset knowledge and perceived investment drive.15,158 survey participants aged 18- 65 were…

The London Stock Exchange Group (LSEG) is exploring the potential for using blockchain to offer extensive trading of traditional financial assets, a company executive told the Financial Times on Monday.Per Murray Roos, head of capital markets at the LSEG, the company has reached an “inflection point,” after examining the potential…

India’s largest public sector bank, State Bank of India (SBI), has introduced UPI (Unified Payments Interface) interoperability with Digital Rupee, India’s Central Bank Digital Currency (CBDC).Currently, there are 300 million UPI users and 500 million merchants who use UPI to accept money for their businesses in India. The move is aimed…

Japan is moving toward crypto tax reforms, with the nation’s top financial regulator set to change the way it taxes domestic crypto firms.Per the Japanese media outlet CoinPost and an official Financial Services Agency (FSA) release, the regulator has submitted legislation-change requests to the government.The FSA wants to modify its…