Our weekly news roundup from East Asia selects the most important developments in the industry. Korean Web3 company raises $140 million Korean NFT (Nonfungible Token) developer Line Next received an investment of $140 million on December 13 from a consortium led by Crescendo Equity Partners, a private equity fund backed by Peter Thiel. Secured. This is the largest blockchain series funding round in Asia this year. The company’s NFT platform, called “DOSI”, will be integrated with the Japanese NFT marketplace Line NFT and debut in January 2024. “Through this investment, Line Next plans to introduce new services to further accelerate…
Author: Crypto Flexs
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Solana (SOL)-based dog-themed meme asset Bonk (BONK) has surpassed rival Shiba Inu (SHIB) in daily trading volume, with its price surging more than 40% in just 24 hours. According to new data from cryptocurrency data aggregator CoinMarketCap, daily trading volume for its Dogecoin (DOGE) rival has increased by a whopping 71.8%, reaching a total volume of approximately $311 million. In comparison, Shiba Inu’s 24-hour trading volume increased 29.6%, reaching a total of $232. million. Additionally, according to information, BONK’s market capitalization surged 58.7%, ranking 68th in digital assets. Recently, Coinbase, the leading U.S. cryptocurrency exchange platform, announced that it would…
As we approach the final month of the year, anticipation is growing surrounding the acceptance of spot Bitcoin. exchange traded fund ETFs announced by the U.S. Securities and Exchange Commission (SEC) have generated considerable interest among analysts and traders. Although many people are pinning their hopes on these index funds, price surge Matrixport, a digital asset financial services platform, offers a unique perspective on Bitcoin and the broader cryptocurrency market. According to their latest reportMatrixport strongly believes that Bitcoin and cryptocurrency prices are destined to skyrocket in 2024, regardless of the SEC’s decision to approve ETFs. Is the Fed’s interest…
U.S. Securities and Exchange Commission Chairman Gary Gensler has indicated that there may be a change in the agency’s approach toward Bitcoin ETFs. In a CNBC interview, Gensler said the U.S. Securities and Exchange Commission (SEC) was reexamining “eight to 12 applications” for spot Bitcoin ETFs, a move influenced by a recent District of Columbia court ruling. 🇺🇲 SEC Chairman Garry Gensler commented: @CNBC About spots #Bitcoin ETF. In the past, BlackRock refused to cover these ETFs, but now… What I mean is that the courts in DC got involved and now the SEC has to process these ETF applications…
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Malicious code injected into Ledger’s ConnectKit library compromised a number of decentralized finance (DeFi) applications this morning. This vulnerability allowed a wallet exfiltration exploit that links a user’s wallet when they visit an affected dapp, providing access to steal funds. key point Malicious code was injected into Ledger’s ConnectKit library, allowing a “wallet drainer” to steal funds from user accounts when connecting to a decentralized app (dapp). The attack affected several dapps, including SushiSwap, Zapper, Balancer, and Revoke.cash. Users were prompted to link their wallets, which gave them access to the outflow. Ledger acknowledged the issue and removed the malware,…
Early Ethereum investors Konstantin Lomashuk and Vasiliy Shapovalov are again increasing their financial stake in the new technology with the “relaunch” of an investment firm called Cyber.Fund, where they plan to invest $100 million of the startup’s capital.“This new $100 million fund will serve our current portfolio companies as well as new projects and teams.” Cyber.Fund said in the post X on Thursday. “Its mission is to accelerate the transition to an open cybernetic economy by supporting innovating entrepreneurs in blockchain, AI, robotics and adjacent technologies.”Cyber.Fund is led by Konstantin Lomashuk and Vasiliy Shapovalov, both of whom said they invested…
Meta’s photo-sharing app Instagram today launched an AI-powered background editing feature called Wallpapers. The generative AI tool, currently limited to users based in the United States, leverages Meta’s in-house Emu Edit technology. Meta said in the announcement that wallpapers are more than just color filters and basic adjustments.advertising “Backgrounds allow you to reconfigure the background of an image with just a few taps and a prompt, like ‘Chased by dinosaurs’ or ‘Surrounded by dogs,’ to create a completely new image to fit your story.” Ahmad Al-Dahle, head of generative AI at Meta, posted on Threads, a Meta competitor on…
reporter Posted on: December 15, 2023 Ethereum’s liquidation level increased after the price reached $2,170. Exchange holdings were growing, but derivatives indicators looked optimistic. Ethereum (ETH) The price has once again gained bullish momentum with prices rising over the past 24 hours. However, not long ago the token fell into a critical demand zone. When ETH fell to that level, did investors decide to sell their holdings, or did they get confident in ETH and expect the price to rise? Ethereum has reached a critical demand area Ali, a popular cryptocurrency analyst, posted a tweet on December 13th highlighting an…
Current U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler hinted in an interview with CNBC that there could be a potential change in the SEC’s view on spot Bitcoin exchange-traded fund (ETF) applications. .In a CNBC interview, Gensler said the SEC is actively reexamining its approach to discovering Bitcoin ETF applications. “As you know, we have denied many of these applications in the past, but the District of Columbia Court weighed in on them,” Gensler said. “So we are taking a fresh look at this issue based on the court ruling.”Spot Bitcoin ETFs differ from futures-based ETFs in that…