South Korean Bank Employee Admits to Embezzling $7.3 Million for Crypto Investments

by Theresa Joy Lacatan | Jun 12, 2024 | Blog News, Crypto News

An employee at South Korea’s Woori Bank has confessed to embezzling $7.3 million from company funds to invest in cryptocurrency. The unnamed employee, aged in their thirties, voluntarily visited the West Gimhae Police Station on June 10 to admit to the crime,...

SEC Considers ProShares’ Spot Ether ETF Application

by Theresa Joy Lacatan | Jun 11, 2024 | Blog News, Crypto News

The United States Securities and Exchange Commission (SEC) has added a spot Ether (ETH) exchange-traded fund (ETF) application from asset manager ProShares. This move comes roughly three weeks after the commission approved similar applications from eight other...

Investors Face Turmoil as South Korean Regulators Unveil Crypto Exchange Failures

by Theresa Joy Lacatan | Jun 10, 2024 | Blog News, Crypto News

Investors in South Korea’s booming cryptocurrency market are facing a digital dust storm after a shocking revelation by financial regulators. A joint study by the Financial Supervisory Service (FSS) and the Korea Financial Intelligence Unit (FIU) found that a...

Intel Teams Up with African Development Bank to Transform Africa’s Digital Ecosystem

by Theresa Joy Lacatan | Jun 10, 2024 | Blog News, Crypto News

The African Development Bank and global technology company Intel have formalized their cooperation to transform the African digital ecosystem. The partnership, announced on June 7, 2024, aims to equip 3 million Africans and 30,000 government officials with AI skills....

RBI Releases Draft Framework for Self-Regulation in FinTech Sector

by Theresa Joy Lacatan | Jun 10, 2024 | Blog News, Crypto News

The Reserve Bank of India (RBI) on 30th May 2024 unveiled a Draft Framework for Self-Regulatory Organization(s) (SROs) in the FinTech sector, aiming to bolster risk management, client protection, cybersecurity, and the integrity of the financial system. Released for...

Peru Partners with India to Develop UPI-Inspired National Payment System

by Theresa Joy Lacatan | Jun 10, 2024 | Blog News, Crypto News

The Central Bank of the Republic of Peru (BCRP) is set to develop a payment system modeled after India’s Unified Payments Interface (UPI) through an collaboration agreement with National Payments Corporation of India International Payments (NIPL) dated 07th June,...