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16 Arrested in South Korea over Suspected Crypto Kimchi Premium Trading Violations
31.8.2022
South Korean authorities have swooped on suspected kimchi premium traders – making 16 arrests linked to some USD 1.4bn worth of crypto transactions....
Read More: 16 Arrested in South Korea over Suspected Crypto Kimchi Premium Trading Violations
Paraguay President Squashes Bitcoin & Crypto Mining Bill with ‘Total Veto’
31.8.2022
Paraguayan President Mario Abdo Benítez has spectacularly scuppered a much-vaunted bill that would have legalized and regulated Bitcoin (BTC) and crypto mining in the Latin American country....
Read More: Paraguay President Squashes Bitcoin & Crypto Mining Bill with ‘Total Veto’
Bitcoin Mining Difficulty Nears All-Time High Amid Dropping Profitability
31.8.2022
Today, Bitcoin (BTC) mining difficulty, or the measure of how hard it is to compete for mining rewards, jumped the most since January this year, nearing its all-time high and cutting into the profit margins of miners at the time when their business profitability is declining....
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Bitcoin and Ethereum Eye Additional Gains, NEXO Rallies
31.8.2022
Bitcoin price once again recovered after dropping below USD 20,000 yesterday and is currently (03:52 UTC) trading above USD 20,400 and eyeing more gains. BTC is now almost unchanged in a day and down 5% in a week.
Similarly, most major altcoins might move higher. ETH recovered above USD 1,600...
Kakao’s Arm Strikes Real-name Banking Deal with Coinone Crypto Exchange
31.8.2022
Kakao Bank, the biggest neobank in South Korea and an offshoot of the internet giant Kakao, has confirmed it has sealed a partnership deal that will see it provide real-name banking services for customers of the crypto exchange Coinone.
The deal finally puts an end to months of speculation...
SBI Crypto Has Reportedly Cut its Ties with Russian Bitcoin Mining Firm BitRiver
30.8.2022
The Japanese crypto mining operator SBI Crypto has reportedly severed its links with the Russian mining firm BitRiver – following pressure from Washington-based lawmakers....
Read More: SBI Crypto Has Reportedly Cut its Ties with Russian Bitcoin Mining Firm BitRiver
Bitcoin Slides Below USD 20K Again, Ethereum Erases Daily Gains as Crypto Market Turns Red
30.8.2022
The most popular cryptocurrency, bitcoin (BTC), failed to continue higher today and moved below the USD 20,000 level again. The second most popular cryptoasset, ethereum (ETH), also dropped, erasing all its daily gains.
At 15:09 UTC, BTC trades at USD 19,776 and is down 2% in a day. The price...
Crypto.com Mistakenly Wired Its Australian User USD 10.5M
30.8.2022
An apparent error on the side of major crypto platform Crypto.com has turned an attempt to process a USD 100 refund into a hefty USD 10.5m wire transfer into a bank account owned by a resident of Melbourne, Australia....
Read More: Crypto.com Mistakenly Wired Its Australian User USD 10.5M
Iran Passes Bill to Authorize Use of Crypto for Imports
30.8.2022
Iran has passed a bill authorizing trade transactions with cryptocurrencies, officially approving the use of digital assets for imports.
The bill redefines regulations on cryptocurrencies, the authorization to use cryptocurrencies for imports, and the supply of fuel and electricity for mining...
Bitcoin and Ethereum Consolidate, FLOW and LDO Outperform
30.8.2022
Yesterday, bitcoin price recovered from the USD 19,500 zone and is now still fluctuating above the USD 20,000 level. It is currently (03:53 UTC) consolidating near USD 20,200 and facing resistance near USD 20,500. BTC is up 2% in a day and down almost 6% in a week.
Similarly, most major altcoins...
78% of Americans Seek Diversification With Crypto, 46% Satisfied With Such Investments - Survey
30.8.2022
Among the Americans who have invested in crypto, as many as 78% view it as a way to diversify their investments, and a combined 46% say their allocations to crypto have brought about the same performance as they expected or better, according to a recent survey by US nonpartisan think tank...
Shopify Not Allowed to Pause Crypto-related Lawsuit, UAE Company Parners with Binance to Accept Crypto + More News
29.8.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________...
Read More: Shopify Not Allowed to Pause Crypto-related Lawsuit, UAE Company Parners with Binance to Accept Crypto + More News
Court Rules Bithumb Must Pay Damages to 190 Customers Over ‘Computer Errors’
29.8.2022
A South Korean appeals court has ruled that the crypto exchange Bithumb is liable for damages in the case of a group of traders who missed out on trading gains due to “computer errors.”
Per Newsis, the verdict was issued by a branch of the Seoul High Court. The case dates back to 2017 and involves...
Bitcoin (BTC) Rejects From Recent Peak to Fall by 15%!
29.8.2022
Bitcoin’s motion and movement in terms of price action have entered a negative trend after months of consolidation and positive breakout attempts. The price analysis of individual candles on daily charts indicates the inability of BTC buyers to surpass the 100 EMA curve to turn instrumental...
Bitcoin Mining Difficulty Estimated To See Its Highest Jump Since January
29.8.2022
The difficulty of mining Bitcoin (BTC) is this week expected to increase the most since January this year after hashrate on the network has seen a notable rise over the past 11 days.
Per data from BTC.com, the estimate for the next difficulty adjustment – expected to occur on Wednesday –...
Taliban Releases Arrested Crypto Dealers, Bans Crypto in Afghanistan
29.8.2022
The Taliban has released arrested crypto dealers after around a week in detention but has imposed a nationwide ban on digital assets citing scams and fraud.
On August 14, the Taliban forces raided a total of 16 local crypto exchanges in Herat, the third-largest city of Afghanistan, without prior...
Bitcoin Drops Below USD 20,000
28.8.2022
The number one cryptoasset per market capitalization, bitcoin (BTC), took another dip below USD 20,000 today.
At 15:00 UTC on Sunday, BTC was trading at USD 19,888. Prior to this slight recovery, it had dipped to USD 19,858.
At the time of writing, it is down 1% in a day and 6% in a week....
US Crypto ATM Provider Bitcoin Depot to Go Public as Part of Merger Deal
26.8.2022
Major US crypto ATM provider Bitcoin Depot has signed a deal with GSR II Meteora Acquisition Corp, paving the way for the two companies’ merger and listing on the NASDAQ exchange.
Per the press release,...
Read More: US Crypto ATM Provider Bitcoin Depot to Go Public as Part of Merger Deal
Zipmex Engages Financial Advisors, 16 Afghan Exchanges Shut Down, CoinSwitch Kuber Raided, Singapore Sends Questionnaires to Crypto Firms + More News
26.8.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________...
Read More: Zipmex Engages Financial Advisors, 16 Afghan Exchanges Shut Down, CoinSwitch Kuber Raided, Singapore Sends Questionnaires...
178 South Korean Darkweb Users Arrested on Suspicion of Crypto-powered Drug Trading
26.8.2022
Police in Seoul, South Korea, have arrested 178 people on suspicion of buying and selling drugs online using cryptoassets as a means of payment.
According to JTBC, Seoul Metropolitan Police officers said they had arrested 12 suspected drug dealers and 166 of their alleged customers, stating that...