Key highlights: Kiwoom Security wants a portion of Bithumb, South Korea’s second-largest crypto exchange. Kiwoom will obtain a stake in Bithumb via a private placement, says Chosun Biz. South Korean brokerages are racing for a share in local crypto exchanges amid incoming regulations. Kiwoom Securities is reportedly eyeing a stake in Bithumb, joining a heated […]
Category: News
Key highlights: BIS remains cautious about the AI investment boom. Pablo Hernández de Cos considers addressing the issue as a matter of urgency. The bank compares the current situation to some past financial issues. Artificial intelligence (AI) is gaining widespread recognition, driving massive investments worldwide. But this AI investment boom could create financial vulnerabilities, exposing […]
Key highlights: Binance saw at least $750 million in net outflows during the week beginning June 22. The outflows followed the firm’s decision to withdraw its MiCA license application. Rivals, including OKX, among others, saw major inflows during the same period. Binance is starting to see a large amount of money leave its platform. This […]