Bankruptcy
Holdnaut co-founders opt to sell bankrupt crypto lender
Simon Lee said that selling Hodlnaut instead of liquidating its assets will help maximize value for its creditors.
Christian Nwobodo 1 min read
Asia Crypto News
Insights on policy shifts, CBDC pilots, mining trends, and the broader impact on global crypto markets.
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Tokenization
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DWF Labs reportedly purchased $10 million worth of CFX tokens from the project's team.
Metaverse
Japan follows up on metaverse investment plans
Japan said it would expand investments in the metaverse in 2022. Today, 10 Japanese firms joined forces to create the metaverse economic zone.
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Adoption
Alchemy Pay obtains license from Central Bank of Indonesia, ACH surge 7%
The Indonesian license was issued jointly to Alchemy Pay and BDPay to allow the firms to offer remittance and fund transfer services.
Crime
North Korean hackers move $3.2M from Gate.io 2018 hack
The majority of $234 million stolen in the attack was already laundered. The recent movements involved funds that were dormant for 4.5 years.
Adoption
Hong Kong to accelerate Web3 innovation in region with $50 million spend
The Hong Kong government acknowledges the importance of Web3 with plans to develop the concept via its Cyberport hub.
Crime
British citizen who helped North Korea evade US sanctions via crypto arrested in Moscow
Christopher Emms has been on the FBI's international wanted list for a number of years for his role in illegally providing cryptocurrency and blockchain services to North Korea.
Exchanges
Huobi Token gains 24% as the exchange says it will operate in Hong Kong
HT has reached its highest value since mid-December.
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FTX Japan to resume withdrawals on Feb. 21
FTX Japan said it would announce the resumption of its services soon, according to a Feb. 20 press statement.
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Regulation
Hong Kong SFC opens consultation to regulate crypto exchanges
CBDCs
Japan to launch CBDC pilot program for issuance of digital Yen
Payments
Mt. Gox’s leading creditors opt for Bitcoin payment that guarantees 90% of funds owed
Tokenization
