How is the crypto market behaving post-Thanksgiving? Explore the latest market updates on Nov. 28.
FC Barcelona has faced criticism after signing a three-year sponsorship deal with Zero-Knowledge Proof (ZKP), a blockchain startup registered in Samoa with minimal social media presence. The agreement, announced on November 15, designates ZKP as the club’s official blockchain technology partner.
Critics say the partnership reflects a push for revenue while potentially exposing fans to financial risks.
On November 26, the club made an official statement in which it distanced itself from the FCB token recently announced by ZKP.
KuCoin’s European division has obtained a Markets in Crypto Assets (MiCA) license in Austria. This will enable the platform to provide regulated crypto services across the European Economic Area (EEA).
The licensing comes shortly after KuCoin registered with Australia’s financial intelligence agency Austrac, expanding its regulated global footprint.
A new report from the Philippine Digital Asset Exchange (PDAX), Saison Capital, and Onigiri Capital suggests that the Philippines could develop a $60 billion tokenized-asset market by 2030, driven primarily by equities and government bonds.
Crypto adoption in the Philippines outpaces traditional investments, with 14% of Filipinos owning cryptocurrencies compared to less than 5% holding stocks or mutual funds.
The report highlights that widespread use of digital wallets and crypto positions the Philippines for a “tokenized-first” approach to investing in stocks, bonds, and funds.
South Korean authorities claimed that North Korea’s Lazarus Group orchestrated the Upbit breach on Nov. 27. It was revealed in a Yonhap report published today, on Nov. 28. Investigators are preparing to conduct an on-site inspection at the exchange as part of the ongoing probe.
The update comes after Upbit confirmed that irregular withdrawals on the Solana network siphoned off roughly $36 million in several tokens. In response, the exchange froze impacted wallets, shifted remaining assets to cold storage, and pledged to fully compensate affected customers.
South Africa’s central bank has determined that there is no urgent need to introduce a retail CBDC, despite years of research, pilots, and industry consultations.
While the South African Reserve Bank remains open to revisiting potential use cases in the future, it is prioritizing broader national payment-system reforms for now.
The bank also emphasized that stablecoins and cryptocurrencies pose significant risks to the country’s financial system.