The firm - founded by Australian videogaming entrepreneurs - said the funding was backed by Liberty City Ventures and Kingsway Capital

The new guidance shows when existing payment sector rules should apply to large stablecoins, marking a major step forward in applying "same risk, same regulation"

London-based Nexo said it would buy up to 100% of Vauld and 'reorganize its future operations with the aim to accelerate its deeper presence in Asia'

The largest NFT marketplace, OpenSea, saw monthly sales volume drop to $700 million in June, down from $2.6 billion in May

Monetary Authority of Singapore "reprimanded" Three Arrows and accused it of providing misleading information concerning its relocation to the British Virgin Islands

Tencent Holdings, Ant Group, Baidu and JD.com are among signatories to a pact to stop secondary trading in NFTs and other digital collectibles

The cryptoassets were stolen on June 23 from Horizon Bridge, a service operated by the Harmony blockchain that allows assets to be transferred to other blockchains.

The number of coins miners are transferring to exchanges has climbed steadily from June 7, researchers said, in a sign that 'miners are increasingly liquidating their coins on exchanges'

Energy consumption on the bitcoin blockchain network has declined by up to 35% amid a meltdown in the value of the cryptocurrency, Mint reported, citing trackers of crypto energy usage

The tax will be levied on the difference between the cost of the acquisition of the asset and the transfer price to the employee, the report said

The crypto sector was fearful on Monday as investors worried that contagion from problems linked to several large crypto players may lead to a major shakeout if not contained.

CBDCs such as China's digital yuan (e-CNY) are centralised by design and don't need a decentralised ledger, such as in the case of bitcoin