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Mirae plans to turn the Korbit crypto exchange into something Korea has not seen before

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Korbit currently has less than 1% of South Korea’s domestic crypto market, far behind giants Upbit and Bithumb. When asked directly about its strategy to compete, Mirae Asset emphasized that the goal is not to overtake any other company or exchange, but to promote sustainable growth in the digital asset industry in South Korea. “We […]

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Bitcoin, Ethereum-Linked Protocols Lose $35 Million In Multiple Attacks Hours Apart

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Another confirmed attack was the B² Network, a scaling network built to make Bitcoin cheaper and faster to trade on. B² said in Asian morning hours Thursday that an attacker gained unauthorized access to the upgrade authority of its token staking contract, the administrative permission that controls how that contract behaves. Security firm Lookonchain tracked

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South Korea’s Korbit exchange is now part of the $1 trillion Mirae Group family

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Korbit, South Korea’s first homegrown crypto exchange, founded in 2013, now has a new home and it’s a traditional financial giant. The exchange announced Thursday that it is now part of the Mirae Asset Group family, which reportedly had $1 trillion in AUM in May. The acquiring entity is Mirae Asset Consulting, a subsidiary of

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Bitcoin consolidates below $66,000 as a 13% recovery in July runs out of steam

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The crypto market consolidates on Thursday with bitcoin BTC$64,910.37 a modest 0.62% lower since midnight UTC at $65,674 as it falls into a range between $64,000 and $66,800 that has held for the past week. The price action reflects a market that is breathing. Bitcoin is up more than 13% since its July 1 low

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Polymarket challenges France’s nationwide website block

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Polymarket plans to challenge France’s decision to block its website, arguing that the order prevents users from accessing its market odds, even though trading from the country has been disabled since November 2024. France’s national gambling authority ordered ISPs to block the platform last week, saying it exposed users to potential losses and offered markets

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BlackRock, Coinbase, Strategy pledge $15 million to prepare Bitcoin for quantum threats

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A total of nine companies have formed a consortium pledging a combined $15 million over three years to support Bitcoin’s security research and open source development. Companies in the newly formed Bitcoin Security Consortium include major crypto market participants including BlackRock, Coinbase, Strategy, Anchorage Digital, ARK Invest, Block, Blockstream, Fidelity Digital Assets and Galaxy. The

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The Clarity Act is expected to miss its window before Congress’s summer recess, management says

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White House crypto adviser Patrick Witt responded to Thune’s remarks in an interview with CoinDesk on Thursday, arguing that the first week of August should still be open for potential Senate action. Witt said he was “confused” by Thune’s sentiments and is “a little more optimistic,” though he agreed the bill likely won’t get a

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Goldman Sachs CEO backs Clarity Act despite banking industry concerns over stablecoin rules

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Solomon’s approval contrasts with growing opposition from other major bank executives, including JPMorgan Chase CEO Jamie Dimon, who has argued that the legislation could put traditional banks at a competitive disadvantage by allowing crypto companies to offer yield-bearing stablecoin products that resemble bank deposits without being subject to the same regulatory framework. Speaking to Fox

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Tassat will help smaller banks capitalize on the stablecoin boom before the big banks lock them out

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The announcement comes as stablecoins move further into mainstream finance following the passage of the GENIUS Act. Wall Street firms and banks are expanding stablecoin initiatives, while Citi expects the market to reach around $4 trillion by 2030. At that scale, Sussman said, concentrating reserves among a few institutions could create liquidity and deposit risks.

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