Category: crypto

Ripple Labs has obtained an expanded license from the Monetary Authority of Singapore, allowing the company to offer a wider range of payment services. This approval will enable Ripple to better support institutions in the region. The license builds upon Ripple’s existing regulatory standing in Singapore, where it has been operating since 2017. Ripple’s payment…

Kamirai launches a VC-free, community-governed Web3 ecosystem combining Kamirex DEX for Asian markets with a dark fantasy console RPG where players own on-chain assets. The project aims to create an economy driven by user activity, rejecting traditional venture capital allocations to position users as governors.

HashKey Holdings has been cleared by the Hong Kong Stock Exchange for a potential initial public offering. The company reported a net loss of HK$506 million in the first half of 2025 and plans to use IPO proceeds for infrastructure upgrades and expansion. HashKey operates as a licensed digital asset trading platform in Hong Kong…

KuCoin obtains a MiCA license in Austria, allowing the exchange to provide regulated crypto services in 29 EEA states. This aligns with KuCoin’s Trust Project and other security measures. The license enables KuCoin to operate under EU regulatory standards and passport its services across the EEA, similar to major exchanges like Coinbase and Kraken.

Elon Musk envisions a future where traditional money becomes obsolete due to advancements in AI and robotics, with energy as the core value. He suggests that systems like Bitcoin, which are backed by energy, could persist. Musk highlights the importance of energy as a fundamental currency, linking digital value to real-world resources.

Yearn Finance experienced a security breach after an attacker exploited its yETH token contract, draining millions in ETH and liquid staking assets from Balancer pools. The attacker minted an unlimited supply of tokens, resulting in a $2.8 million loss. Yearn confirmed the issue is isolated from its V2 and V3 Vaults.

South Korea is finalizing a new digital asset act by January, with ruling and opposition parties agreeing on a bank-led consortium model for issuing KRW stablecoins. The legislation aims to tighten financial security rules, expand AML oversight, and support capital market transparency. The government faces a Dec. 10 deadline to submit the proposal.

North Korea has been developing AI capabilities for nearly 30 years to accelerate crypto theft operations, using banned GPUs for research. The country’s AI research focuses on facial recognition, voice synthesis, and data optimization. The report warns that AI automation could lead to industrial-scale crypto theft, with potential real-time surveillance systems.

Upbit will resume digital asset deposits and withdrawals on December 1 at 1:00 PM KST after a $37 million hack targeting Solana-based assets. All existing deposit addresses have been deleted, and users must issue new addresses before depositing funds. The exchange covers all user losses from corporate reserves and warns of potential delays if old…

BitMEX co-founder Arthur Hayes warned that Tether’s risky interest rate trade could threaten USDT solvency if markets move against the stablecoin issuer. Tether holds $9.86 billion in Bitcoin and $12.92 billion in precious metals, with a 30% drop in these holdings potentially erasing its equity cushion. Tether also shut down its mining operations in Uruguay.