The financing - which brought the company's valuation to more than $8 billion - was co-led by D1 Capital Partners and Spark Capital

Financial authorities fear the boom in crypto trading could destabilise the economy and want to limit its impact on the economy.

With the cryptocurrency market surpassing $3 trillion in November, venture capital investors are increasingly looking to put down stakes

CEO said cryptocurrency platform was not embarking on a “bloodshed war” but planned to target countries without strong incumbents

Upbit plans to release a range of NFTs featuring members of BTS in a joint venture with the boy band’s management company, Hybe.

The cryptocurrency has been positively correlated with S&P 500 index since early 2020, meaning they broadly move up and down together

Accident left millions in Kazakhstan, Kyrgyzstan and Uzbekistan without electricity, idling trains, disrupting flights and halting apartment lifts

Central American nation became the first in the world to allow consumers to use cryptocurrency in all transactions, alongside the US dollar

Cryptocurrencies slid across the board amid rekindled fears of heated inflation and aggressive US Federal Reserve policy tightening

The Fed stressed it is not signalling any 'decisions about the appropriateness of issuing a US CBDC' while the Bank of Russia sought a crackdown on transactions and mining

The group said it would use funds to form a decentralised autonomous organisation to build the community around play-to-earn games

Singapore is popular for crypto companies due to its clear regulatory environment but authorities have also tried to shield the public from trading in digital tokens, saying it is very risky