A rare 101.38-carat diamond was purchased by a private collector for $12.3 million (£8.8 million) at a Sotheby’s auction using cryptocurrency, the auction house said.The sale “marks the latest milestone in the adoption of cryptocurrency”, Sotheby’s said in an Instagram post on Saturday.The auction house’s Hong Kong division said last month that it will accept…
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Singapore based KuCoin crypto exchange has raised $20 million in its first round of financing. The news comes as cryptocurrencies continue to get battered in a year that has seen the market crash by over 70%. $20 Million Raised in First Round According to the official announcement the series A round of financing was led…
A cryptocurrency expert, who travelled to North Korea without permission in 2019 and advised Pyongyang on how to use digital currency to avoid international sanctions, has been sentenced to more than five years in federal prison.Virgil Griffith was arrested in November that year and charged with conspiring to violate the International Emergency Economic Powers Act,…
Thailand startup Bitkub Capital Group Holdings, founded in 2018, hit unicorn status last month notching up a valuation of over $1 billion. Now the crypto exchange intends to expand over Malaysia, the Philippines, and Laos, aiming to become “the Coinbase of Southeast Asia”, said the chief executive officer Jirayut Srupsrisopa. The Bangkok-based crypto exchange is…