Author: James Wilson
Kamirai launches a VC-free, community-governed Web3 ecosystem combining its Kamirex DEX for Asian markets with a dark fantasy console RPG where players own on-chain assets. Summary Kamirai offers order matching and liquidity pools for cross-chain transfers, targeting Asian crypto traders under a decentralized governance model. The Kamirai Federation is an action-RPG for PlayStation and Xbox, with digital items recorded on-chain so players retain asset ownership. Kamirai rejects private equity and VC allocations to avoid centralized sell pressure and position users as governors rather than exit liquidity. Kamirai, a Web3 infrastructure project, announced the launch of its “Dual-Engine Ecosystem” on Friday,…
Ripple Labs has secured an expanded license from Singapore’s central bank, adding to its already strong regulatory foothold in the country. Summary Ripple received approval from the Monetary Authority of Singapore to expand the scope of its Major Payment Institution license. According to Ripple execs, the expanded license will allow it to better support institutions. According to a Dec. 1 announcement, Ripple Markets APAC, which serves as the blockchain payment firm’s Singapore subsidiary, has been greenlighted by the Monetary Authority of Singapore to expand the scope of payment services it can offer under its Major Payment Institution license. “Ripple has…
Bitcoin sank at Asia’s open, triggering leveraged liquidations and a broad crypto selloff as gold rallied and macro uncertainty fueled a sharp, volatile reset. Summary Bitcoin dumped from weekend levels at the Asian open, sparking forced long liquidations and a broad crypto market drawdown. Gold rallied as macro and Fed-policy uncertainty pushed some capital toward traditional safe havens and away from crowded crypto longs. Exchange balances and stablecoin reserves rose, signaling dry powder, but Bitcoin now trades below short-term holders’ cost basis, heightening downside risk. Bitcoin fell sharply at the start of Asian trading on Dec. 1, erasing significant value…
Crypto prices today fell across the board on as thin liquidity, heavy leverage, and more than $600 million in liquidations drove a sharp market pullback. The total crypto market cap dropped 5% to $3.04 trillion, extending last week’s weakness. Bitcoin… Source link
South Korea is pushing to finalize a new digital asset act by January, after ruling and opposition lawmakers agreed on a stablecoin framework that had stalled negotiations for months. Summary South Korea’s ruling and opposition parties agreed on a bank-led consortium model for issuing KRW stablecoins. Lawmakers set a Dec. 10 deadline for the government to submit the proposal, with the goal of passing the bill in January. Additional reforms will tighten financial security rules, expand AML oversight, and support capital market transparency. Lawmakers met behind closed doors and settled the core dispute over who can issue won-based stablecoins. According…
North Korea has spent nearly 30 years developing artificial intelligence capabilities that could accelerate crypto theft operations, according to a report from South Korea’s Institute for National Security Strategy. Summary INSS says North Korea is using banned NVIDIA GPUs to accelerate AI-driven cybercrime. AI tools in facial recognition and voice synthesis may boost industrial-scale crypto theft. Crypto hacks hit $172.5M in November, with code flaws causing most of the losses. Researchers discovered Pyongyang is using banned NVIDIA GeForce RTX 2700 graphics cards to power AI research focused on pattern recognition, speech processing, and data optimization. The findings come as crypto…
Upbit will resume digital asset deposits and withdrawals on December 1 at 1:00 PM KST following a $37 million hack that targeted Solana-based assets. The South Korean exchange announced that all existing deposit addresses have been deleted, and users must issue new addresses before depositing funds. The security breach occurred on November 27, 2025, when hackers stole approximately 44.5 billion KRW ($30-36 million USD) from Upbit’s hot wallets. Unlike the 2019 attack which focused on Ethereum (ETH), the latest incident targeted Solana ecosystem tokens including Solana (SOL), USDC, and Bonk (BONK). North Korea’s Lazarus Group is suspected of planning the…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The AWS outage is a reminder of how fragile modern digital systems have become when so much depends on a single provider. A fault in a domain name system (DNS) record triggered cascading failures across Amazon Web Services infrastructure, taking down over 14,000 websites and causing more than $1 billion in losses within just two hours, including Coinbase, MetaMask, and Robinhood among the casualties. When the functions came back online, data synchronisation caused a domino effect of…
Switzerland will adopt the crypto-asset reporting framework in law from 2025 but delay automatic cross-border crypto tax data-sharing until at least 2027. Summary Swiss authorities will incorporate the crypto-asset reporting framework into national law on January 1 but postpone practical implementation by at least one year. The delay stems from suspended talks on which partner states will receive Swiss crypto account data, even as 75 countries commit to rolling out the framework. The U.S. is considering joining via an IRS proposal, while non-signatories such as Argentina, El Salvador, Vietnam and India remain outside the agreement. Switzerland has postponed the implementation…
BNB tops LunarCrush AltRank as social activity and ETF buzz rise, even while whale demand stays weak and macro pressures keep prices at discounted levels. Summary Bnb ranks first on LunarCrush AltRank, combining strong social metrics with relative outperformance versus bitcoin despite recent bearish moves. Whale demand remains subdued and broader spot markets look weak, but technicals show accumulation at recent lows and traders see prices as discounted. VanEck’s proposed Bnb spot etf and CZ’s public nod have boosted social chatter, with analysts watching if macro conditions allow any sustained price recovery. BNB, the native cryptocurrency of Binance Smart Chain, has…