While other countries move toward integrating crypto into their financial systems, Canada is lagging, costing the country capital, talent and competitiveness. Canada’s direction on digital asset innovation remains uncertain. Opinion by: Jillian Friedman, chief operating officer, Symbiotic Since the Canadian federal election, there’s been little clarity on where this country is heading with digital asset innovation. Crypto regulation and policy didn’t make it into any of the parties’ campaign platforms. It’s a missed opportunity at a time when Canada needs swift action about whether it wants to be a competitor in this space or simply a bystander. Early-stage investments are already showing signs of strain. Read more
Traders are betting big on Bitcoin soaring to $300,000 by the end of June 2025, but is this bold options strategy a smart move or a high-risk gamble? A call option gives the buyer the right but not the obligation to purchase an asset (in this case, Bitcoin) at a predetermined price before a specific date. If the market price rises above that strike price, the option becomes profitable, or “in the money.” If it doesn’t, the option expires worthless. Read more
President Lee Jae-myung rose from being a child laborer in post-war South Korea to becoming a crypto-friendly leader of one of the world’s largest digital asset markets. President Lee Jae-myung’s rise to South Korea’s highest office marks the return of a left-leaning populist with deep working-class roots and bold plans for institutional crypto integration. Though crypto was not directly mentioned in Lee’s inauguration speech on June 4 after the impeachment of his predecessor, Yoon Suk Yeol, Lee now leads the country with a list of crypto promises made during his campaign. His administration is expected to accelerate the integration of digital assets into Korea’s regulatory and financial systems on the back of the Democratic Party’s Digital Asset Committee. Read more
There are good reasons many Baby Boomers remain suspicious of Bitcoin — but even better reasons the wealthiest boomers are allocating to it. Baby boomers are the fastest-growing demographic in crypto, with their numbers doubling in the space of a year, according to a survey by Australian exchange CoinSpot. The total percentage of crypto investors over 60 remains relatively low around 4.4% but with their large retirement nest eggs and a lifetimes worth of savings, boomers have an outsized impact on markets. Former ANZ banker and payments consultant Rod Tasker, himself a baby boomer, says active crypto investors in his age bracket tend to be highly financially literate. “Even if the number is fairly low, the amount of money invested is quite likely to be higher than other demographics,” he explains. “A lot of them are quite sophisticated, they’ve already got their investment portfolios. They might have the investment property, the share portfolio, depending on risk appetite they might have got into options,” he...
K Wave Media announced a $500 million securities deal to fund a Bitcoin-treasury strategy, aiming to become the “Metaplanet of Korea.” South Korean entertainment company K Wave Media has entered into a securities purchase agreement worth up to $500 million to fund a Bitcoin-centric crypto treasury strategy. K Wave reached an agreement with Bitcoin Strategic Reserve KWM for the sale of up to $500 million of ordinary shares to fund its Bitcoin treasury, according to a June 4 announcement. “By embedding BTC into our core strategy, we’re reinforcing our commitment to decentralization, agility, and future-facing value creation,“ said Ted Kim, co-interim CEO of K Wave Media. Read more
Got scammed or worried about Bitcoin fraud? Learn how sharing your story with Chainabuse and Scamwatch can help protect you and others from falling victim. Chainabuse allows anyone to publicly share information with enforcement, helping make crypto fraud more transparent, but it’s not a confidential legal channel. Scamwatch helps raise public awareness about crypto scams in Australia and gathers reports to support national anti-scam efforts, but it does not investigate or take enforcement action. Even if funds can’t be recovered, reporting a Bitcoin scam can prevent someone else from falling into the same trap. Staying vigilant, avoiding suspicious links or promises of guaranteed returns and double-checking addresses can help protect your crypto. Read more
Bybit unveiled a major security overhaul following its $1.4 billion hack in February, with upgrades across audits, wallet protection and information security. Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has revealed a comprehensive security overhaul following its $1.4 billion hack in February. On Feb. 21, Bybit was hacked for over $1.4 billion in liquid-staked Ether (STETH), Mantle Staked ETH (mETH) and other ERC-20 tokens, making it one of the largest security breaches in crypto history. To bolster defenses, Bybit has implemented a three-pronged security upgrade, targeting security audits, wallet fortifications and information security improvements, according to a June 4 announcement shared with Cointelegraph. Read more