Gemini chooses Ireland as European headquarters, Coinone executive admits listing bribery, Chinese city unveils draft Metaverse policy to attract businesses

Get your daily, bite-sized rundown of crypto asset and blockchain news — and examine the stories that stay under the radar in today’s crypto news.
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exchange news

• Twins said it had chosen the republic Ireland like it’s new European Headquarters. The President of the Exchange, Cameron Winklevoss, commented on a meeting between the Winklevoss brothers, Irish Prime Minister Leo Varadkar and representatives of the Industrial Development Agency (IDA), the body responsible for foreign investment in Ireland. “Great meeting this morning,” he said called. “We talked about the great promise of crypto and the importance of sensible regulation to deliver on that promise.”
• Bitget announced a partnership with copper, a digital asset custody provider, launches an over-the-counter settlement solution. It enables institutional clients to trade and settle across exchanges in near real-time while reducing counterparty risk and increasing capital efficiency. called the press release. Bitget will be the sixth exchange to join this year clear loop It added that it allows institutional users of both companies to hold assets within Copper’s infrastructure while also delegating those assets to trade on Bitget.

Legal news

• A former manager of the South Korean crypto exchange Coinonewhich has been accused of accepting bribes in exchange for listing certain coins, has acknowledged allegations that after to Yonhap. “Mr. Jeon,” a former head of the listing, was accused of receiving nearly 2 billion yen ($1.51 million) in exchange for the listing and has since been linked to a kidnapping and murder investigation in Seoul. Jeon’s agent “Mr Ko” is accused of facilitating the listings. A lawyer for the two said: “In principle we accept the facts of the case, but since we have not been able to see all the evidence, we will give a final opinion after examination.”
• US crypto miner coin claimed that Bitcoin (BTC) technology company Katena Computing and semiconductor design companies DX corr CoinDesk engineered an “elaborate deception” to lure the miner into a $150 million purchase deal and is seeking over $23 million in damages reportedciting a lawsuit filed Jan. 26 in a California court.

Metaverse News

• The Chinese Zhengzhou city Approved a draft policy for metaverse Industry development, including suggestions to support Metaverse businesses in the region. The municipal government will set up a special fund worth US$1.42 billion to promote the development of the industry, while the Metaverse companies that choose to move their headquarters to Zhengzhou will have the opportunity to make a seed capital investment from up to $28.34 million. In addition, the companies should be entitled to other benefits, including rent subsidies, according to the draft.

Regulatory news

• DubaiAccording to Bloomberg, the financial regulator said global regulators need to step up their talks among themselves to prevent “bad actors” from exploiting loopholes in crypto rules reported. The Dubai Financial Services Authority plans to update crypto token rules, said Deputy Director Elisabeth Wallace. “Many crypto companies tend to have a significant number of activities under one roof and that really worries us. They’re spread all over the world and as regulators we need to talk to each other a lot more in this area because that’s possible.” “There are some gaps and we’ve seen a lot of bad actors trying to fill some of those gaps” said Wallace.

Adoption news

• Hong Kong is the most crypto-ready jurisdiction in the world, found a study by forexsuggest.com. It ranks in the top three in three of the categories examined, including the number of blockchain startups per 100,000 residents and the number of crypto ATMs as a percentage of population. “Thanks to its small land area, the city-state has the smallest area per crypto ATM. Hong Kong also does not tax capital gains from crypto, making it attractive to investors,” it said. The USA And Switzerland took second and third place respectively.