Ostium Labs completes US$3.5 million in financing, with participation from General Catalyst and others

Startale Labs Raises Additional $3.5 Million in Seed Funding from Samsung and UOB

Startale Labs secures $7M in seed funding from Samsung, UOB, and Sony for Web3 expansion, aiming to lead Web3 adoption in Asia with innovative products and strategic partnerships.

Japanese Web3 security company KEKKAI completes 230 million yen in seed round financing

Prior to this round of financing, the company completed a Pre-seed round of financing in February 2023, with the investor being Japanese local VC Skyland Ventures.

What You Need to Know About Japanese Yen-Pegged Stablecoin – GYEN

Within the ever-evolving cryptocurrency landscape, GYEN crypto emerges as a significant innovation reshaping decentralised finance. Developed by GYEN Labs and launched in 2018, this stablecoin operates on the Ethereum blockchain, offering users a secure alternative for financial transactions, bypassing the traditional banking system.

Quantstamp Agrees to $3.5 Million SEC Settlement Over Unregistered ICO

The SEC accused Quantstamp of offering its QSP tokens as an investment opportunity without registering the ICO as a securities offering. As part of the settlement, Quantstamp has established a "Fair Fund" to compensate investors who were affected by the unregistered ICO. The company will transfer its QSP token holdings to the administrator of the Fair Fund, where the tokens will be permanently disabled or destroyed.

Japan's Largest Bank Working on Yen Stablecoin Interoperability

The Mitsubishi UFJ Financial Group, Datachain, and Solamitsu are working on making the Progmat Coin, a Yen-backed stablecoin, interoperable.

Japan's Central Bank to Issue Experimental Digital Yen in Early 2023

Several banks will stress test a digital yen for more than two years.

Coinbase Faces $350M Lawsuit Over Patent Infringement

Coinbase is being sued by another crypto company that alleges that the firm infringed on its patented crypto transfer technology.

MUFG invests $22.5m into Animoca Brands’ Japanese subsidiary for NFTs, metaverse

Attackers Wipe Out $3.5M From Crypto Game Dragoma Through Rug Pull Technique

Scamming and hacking activities seem to be skyrocketing within the crypto industry. Even with the increase in innovation and technological ...

Solana-based stablecoin NIRV drops 85% following $3.5M exploit

The $3.5 million flash loan attack Solana-based Nirvana Finance saw the price of its stablecoin NIRV and native token ANA fall around 85% apiece.