Anushka Basu

1 week ago | thestreet.com | Anushka Basu |Robert Powell

Apple has restricted domestic access to 14 crypto apps in South Korea in response to a request from South Korea's Financial Intelligence Unit (FIU), an anti-money laundering agency. This was aimed at foreign businesses providing virtual asset services whom the FIU has accused of operating unregistered, including recognized exchanges KuCoin and MEXC. Google Play had taken similar action previously, and removed 17 crypto-related apps in March on a request from the FIU, as per reports.

1 week ago | thestreet.com | Anushka Basu |Robert Powell

Global crypto exchange OKX continues to ramp up its U.S. presence by launching a centralized crypto trading platform and a new self-custody Web3 wallet while also appointing Roshan Robert as the new CEO of its U.S. operations. The firm has also set up a new regional headquarters in San Jose, California, which is a significant milestone in its larger North American strategy.

1 week ago | thestreet.com | Anushka Basu |Robert Powell

On April 16, the White House raised tariffs on Chinese goods to 245%, marking what analysts are calling the most intense trade war. This has caused volatility across risk assets, even crypto assets. Lark Davis, a popular crypto analyst, called this trade war "extreme," highlighting that companies like Nvidia and Boeing are already feeling its negative impact.

1 week ago | thestreet.com | Anushka Basu |Robert Powell

Following Tether freezing $30 million in USDT on wallets linked to Russia, Russia's Finance Ministry is exploring domestic ownership of stablecoins pegged to foreign fiat currencies, according to Reuters. The freeze has obstructed payments flows for sanctioned entities and highlighted the importance of internal alternatives for cross-border payments while Western restrictions narrow.

1 week ago | thestreet.com | Anushka Basu |Robert Powell

Mantra co-founder and CEO John Patrick Mullin has committed to burning his complete "Team and Core Contributor" token allocations to help rebuild the project's reputation after a disaster involving the OM token. The OM token reached around $6 last week, with a market cap of over $6.4 billion; however, Sunday saw the token decline by more than 90% in just an hour, settling under $0.40. OM has now been delisted from the top 100 cryptocurrencies with a valuation of about $740 million.