Source: Cointelegraph South Korea’s crypto user base surged to 15.6 million in November, surpassing 30% of the population. South Korean crypto holders reportedly increased in November after Donald Trump won the United States presidential election. On Dec. 25, South Korean media outlet Yonhap News reported that in November, the number of crypto users in the… Continue reading Over 30% of South Koreans Invest in Crypto Assets
Tag: adoption
Memecoins Take Top Spot For Crypto Investor Interest in 2024: CoinGecko
Source: Cointelegraph Memecoin interest in 2024 was largely directed toward Solana-based tokens, followed by those on Coinbase’s blockchain Base, according to a CoinGecko study. Memecoins took the top spot for mindshare in the crypto space this year with almost a third of investor interest focused on the highly speculative tokens, a CoinGecko study found. “The… Continue reading Memecoins Take Top Spot For Crypto Investor Interest in 2024: CoinGecko
India’s Web3 Dominance Fueled by 1K Startups, Global Investments, Dev Talent
Source: Cointelegraph India is on track to lead Web3 adoption by 2027, driven by startups, developers and government-backed blockchain initiatives. A massive startup network supported by global investment and local adoption has positioned India to spearhead Web3 innovation, according to a report on the country’s Web3 landscape. India currently hosts over 1,000 Web3 startups across… Continue reading India’s Web3 Dominance Fueled by 1K Startups, Global Investments, Dev Talent
Brazil’s Congress to weigh Bitcoin Reserve as hedge against global risks
Source: Cointelegraph New legislation aims to establish a sovereign federal Bitcoin Reserve, potentially enhancing asset diversification and economic resilience. A newly proposed bill in Brazil’s Congress plans to establish a sovereign federal Bitcoin Reserve, potentially reshaping the country’s approach to digital assets. The bill was introduced on Nov. 25 by Congressman Eros Biondini and seeks… Continue reading Brazil’s Congress to weigh Bitcoin Reserve as hedge against global risks
MicroStrategy expands Bitcoin holdings with $5.4B purchase
Source: Cointelegraph MicroStrategy acquired 55,000 Bitcoin for $5.4 billion, boosting its holdings to 386,700 BTC amid bullish institutional sentiment. MicroStrategy, a publicly traded business intelligence and software firm, reported a substantial expansion of its Bitcoin holdings in a filing on Nov. 25. The company acquired about 55,000 Bitcoin (BTC) for $5.4 billion between Nov. 18… Continue reading MicroStrategy expands Bitcoin holdings with $5.4B purchase
Deutsche central bank joins Singapore’s Project Guardian to advance tokenization, digital funds
Source: CryptoSlate The German central bank will participate in the pilot projects launched under Project Guardian to explore asset tokenization and cross border transactions. The German central bank (Deutsche Bundesbank) has joined Project Guardian, a Singapore-led initiative pushing to reshape global capital markets through asset tokenization. The Monetary Authority of Singapore (MAS) launched Project Guardian… Continue reading Deutsche central bank joins Singapore’s Project Guardian to advance tokenization, digital funds
Denmark Tax Council recommends bill to tax unrealized crypto gains
Source: Cointelegraph Denmark’s Tax Law Council has recommended introducing a bill that would tax unrealized gains and losses on crypto assets beginning as early as 2026. Denmark’s Tax Law Council recommended introducing a bill that could potentially tax unrealized gains and losses on crypto assets held by Danish crypto investors beginning as early as 2026.… Continue reading Denmark Tax Council recommends bill to tax unrealized crypto gains
Chainlink launches private blockchain transactions for institutions
Source: Cointelegraph ANZ Bank will be among the first clients to debut Chainlink’s privacy-preserving tech for tokenized RWA settlement under Singapore’s Project Guardian. Chainlink, an Ethereum-based decentralized blockchain oracle network, has launched new technology to help financial institutions maintain data privacy while transacting across blockchain networks. On Oct. 22, Chainlink introduced two new privacy-preserving capabilities… Continue reading Chainlink launches private blockchain transactions for institutions
US Election Optimism Fuels $2.2B inflows in crypto products
Source: Cointelegraph CoinShares said the United States and Bitcoin led crypto investment product dynamics last week amid growing optimism over a potential Republican election win in the US. Cryptocurrency investment products recorded their biggest inflows since July, hitting the $2.2 billion weekly mark, according to crypto investment firm CoinShares. Digital investment products continue on a… Continue reading US Election Optimism Fuels $2.2B inflows in crypto products
DBS rolls out blockchain-based banking for institutions
Source: Cointelegraph DBS Bank has launched its “DBS Token Services” for real-time blockchain payment settlements, using smart contracts for enhanced security and transparency. Singapore’s DBS Bank has introduced a new suite of blockchain-powered services for its institutional clients. In an announcement sent to Cointelegraph, DBS introduced the “DBS Token Services,” which facilitate real-time payment settlements… Continue reading DBS rolls out blockchain-based banking for institutions
