The founder Evergrande, China’s biggest property developer, was summoned by the government after the company issued a statement saying it might not have sufficient funds to meet its financial obligations.
South Korean members of parliament have managed to overturn the government's bid for crypto tax. The tax will now be delayed until 2023. This ends a long saga that pitted lawmakers against President Moon-Jae’s large crypto-skeptic administration.
Meta has announced the reverse of the cryptocurrency ad ban which will allow crypto offerings to be advertised to over 3 billion people.
German-based VC Greenfield One has raised $160 million in what is said to be one of the largest crypto funds in Europe. The fund was the firm's third funding round and it’s largest to date.
Ethereum has defied the broad underperformance in the cryptocurrency market and has rapidly increased in price. These recent price gains come after a surge of interest in smart contract platforms that are being rapidly co-opted by the current NFT boom.
Crypto payments firm MoonPay has just closed a $555 million Series A funding to rapidly accelerate its global footprint, invest in its world-class team, and support an expanding number of offerings in the crypto space.
In May 2021, Dogecoin had a market cap of $88 billion- an impressive feat for a coin that was created as a joke in 2013. Despite its recent success, Dogecoin has faced criticisms from Ripple CEO, Brad Garlinghouse.