Source: Facebook/hancom.inc A group of South Korean companies, including a subsidiary belonging to the software giant Hancom is set to launch a DeFi (decentralized finance) project – marking a first for a collective of major companies for the nation. Per Aju News, the group will comprise Hancom’s blockchain and industry 4.0 arm Hancom With, which […]
Source: iStock/mkarco Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Adoption news The CEO of Mexican cryptocurrency exchange Bitso claims that some 5% of remittances sent from the United States to Mexico have been processed in cryptocurrencies so far […]
Source: Adobe/Vitalii Vodolazskyi Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Legal news BitMEX Chief Technology Officer Samuel Reed, who was charged and arrested by the US Department of Justice, has been released on a USD 5m appearance bond, as first […]
Source: a screenshot, Instagram/binance Following a COVER smart contract hack, major crypto exchange Binance announced they will use their funds to cover their users’ losses to the tune of USD 10.1m. "In addition to the compensation plan from the COVER team, Binance will utilize the Binance SAFU Fund to recompense a total of [USD] 10,107,505 […]
Source: Adobe/charnsitr Today, major crypto exchange Binance tested its new initial exchange offering (IEO) format with the sale of AC Milan Fan Token (ACM) built on the Chiliz blockchain. The sale, hard-capped at USD 1 million worth of BNB coins, was oversubscribed by 1,484x, the exchange said. 27,414 participants committed BNB 5.7m (USD 1.57bn) in […]