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South Korean Regulator Rules NFTs Are Not Subject to Crypto Law
11.12.2023
Source: TSViPhoto/Adobe South Korean financial regulators have said NFTs are not subject to the same rules as cryptoassets, a ruling that may buoy token issuers and blockchain gaming firms. Per News1, the Financial Services Commission (FSC), the nation’s top regulator, stated that “following...
‘All Russians’ Will Be Able to Use Digital Ruble in 2024 – Moscow
11.12.2023
Source: petert2/Adobe The Russian government wants to fast-track the launch of the digital ruble – and now claims that all citizens will be able to use the CBDC in 2024. The Central Bank has previously claimed that Russians may have to wait until 2027 for a full nationwide rollout. But in recent...
Segregation of Exchanges, Market Makers and Custodians Necessary for Crypto Businesses to Thrive
10.12.2023
  Crypto whales acquire AI token $LPXX amid Microsoft’s AI talent acquisition. Image by Kaleb, Adobe Stock. The cryptocurrency sector may be advancing, yet industry experts are becoming aware that exchanges, market makers and custodians must act as separate entities in order...
Kazakhstan Financial Regulator Barred 980 Crypto Firms For Non-Registration
8.12.2023
Source: Iliya Mitskavets/Adobe The Financial Monitoring Agency (FMA) blocked 980 digital asset exchanges for offering trading services to users in Kazakhstan without the required regulatory nod. In a Dec 7 press release, the financial regulator revealed that it barred almost 1,000 crypto trading...
Is It Too Late to Buy Optimism? OP Price Gains 25% as a Futuristic Meme Coin Attracts $2.7 Million
8.12.2023
Optimism’s OP price surged 26.80% as Kraken enabled Tether deposits on the network. Image by akif, Adobe Stock. The recent price surge of the native Optimism token OP may be driven by Kraken’s launch of Tether (USDT) deposits and withdrawals on the Optimism network. ???? $USDT...
Invest in Bitcoin, Get Residency: El Salvador’s Unique ‘Freedom VISA’
8.12.2023
El Salvador Bitcoin. Source: RawBeautyPixels/Adobe El Salvador has a new, “once in five hundred years” offer for international crypto whales: donate your BTC to the government, and you’ll earn long-term citizenship in Bitcoin country. As announced by Tether on Thursday, the “Adopting...
Blockchain Firm LayerZero Labs to Launch Native Token in 2024
8.12.2023
Source: Adobe Vancouver-based blockchain infrastructure provider LayerZero Labs is coming up with its native token launch in the first half of 2024. In a post on X (formerly Twitter), the company noted that it has heard the crypto community’s speculation regarding the lack of communication on...
El Salvador Partners Tether to Launch Freedom Visa On Bitcoin and USDT Investment
8.12.2023
El Salvador Bitcoin. Source: RawBeautyPixels/Adobe El Salvador has announced a citizenship-by-investment scheme powered by Tether, the company behind stablecoin, USDT that allows people to acquire citizenship through Bitcoin (BTC) and USDT investments. The stablecoin issuer disclosed...
More Major South Korean Exchanges Begin Listing USDT
8.12.2023
Source: FellowNeko/Adobe Another leading South Korean crypto exchange has listed the US dollar-pegged stablecoin USDT as global trading volumes begin to climb. Per Kyunghyang Games, Bithumb – the second biggest exchange in the nation – launched support for the coin on December 7. The listing...
Chinese Cities Launch End-of-Year Digital Yuan Giveaways
8.12.2023
Source: Putra/Adobe More Chinese cities will give away digital yuan tokens and discount vouchers this month, as the People’s Bank of China (PBoC) looks to spur CBDC adoption. The Hebei News Network reported that the PBoC’s Hebei branch and local government authorities in the province will give...
Grayscale CEO Claps Back At Jamie Dimon For Saying Bitcoin Should Be Banned
8.12.2023
Source: Ascannio / Adobe Stock. Bitcoin is here to stay whether big banking executives like Jamie Dimon like it or not, according to Grayscale CEO Michael Sonnhenshein. The executive is the face of the company spearheading the world’s largest Bitcoin (BTC) and Ethereum (ETH) investment funds....
Russia’s Exved Launches Cross-Border Payment Service Powered By Tether’s USDT Stablecoin
7.12.2023
Source: Adobe Russian digital settlement exchange Exved has officially debuted with the goal of empowering local legal entities to conduct cross-border digital payment services using Tether’s USDT. Russia's Exved platform launches as one of the first cross-border payment solutions...
FTX Ad Hoc Committee Prepares Amended Reorganization Plans Set for December
7.12.2023
Source: Adobe The FTX 2.0 customer ad hoc committee of the now-defunct crypto exchange has received a response to the letter sent to its official arm. In a letter dated December 4, 2023, the Official Committee of Unsecured Creditors (UCC), overseeing the bankruptcy of the FTX exchange, acknowledged...
Solana’s Smartphone Saga Needs 25,000 User Base to Attract Developers
7.12.2023
Solana. Source: Adobe Solana’s smartphone, Saga, underperforms months after hitting the market with about 2,500 units sold raising internal and wider concerns over the model. Speaking on an Unchained podcast on Dec 6, Anatoly Yakovenko, Solana’s founder reflected on the journey so far for...
Is It Too Late to Buy BitTorrent? BTT Price Gains 100% as Telegram’s Latest Crypto Casino Attracts Big Players
7.12.2023
BitTorrent Token / Source: Adobe BTT, the token that powers BitTorrent’s suite of decentralized peer-to-peer file-sharing applications, saw an explosive more than 75% move higher on Wednesday. The move was driven by the time by an announcement that the Tron network, upon which the BTT token...
Crypto Exchange Bitzlato in Hot Water as Co-founder Pleads Guilty
7.12.2023
Source: Adobe / deagreez Anatoly Legkodymov, also known as “Gandalf” and “Tolik,” a Russian national and co-founder of the Hong Kong-based crypto exchange Bitzlato, has pleaded guilty in a US federal court in New York to charges related to operating an unlicensed money transmitting business....
Binance Will Lose Dominance After Plea Deal: Head of Digital Assets Research at VanEck
7.12.2023
Source: Adobe Binance, the largest cryptocurrency exchange in the world, is expected to lose its leading position following the guilty plea to US charges and a record $4.3 billion penalty. While the total market value of cryptocurrencies has surged by 12% or $180 billion in the past week, Binance...
US Presidential Hopeful Vivek Ramaswamy Criticizes SEC Over Crypto Regulatory Failures
7.12.2023
Source: Adobe US Republican presidential candidate Vivek Ramaswamy has slammed the Securities and Exchange Commission (SEC) criticizing the current crypto regulatory framework. During the fourth Republican presidential debate at the University of Tuscaloosa on Wednesday, Ramasamy expressed...
Robinhood Launches Commission Free Crypto Trading App in EU
7.12.2023
Source: Adobe Robinhood is expanding its services in the European Union (EU) by launching commission-free crypto trading. The move comes just a week after the company made its international debut with stock-broking services in the UK. The Robinhood app, set to go live on Thursday, will enable...
South Korea’s Biggest Supermarket Says Next-gen ATMs May Be Crypto Compatible
7.12.2023
Source: CravenA/Adobe Emart, South Korea’s largest retailer and supermarket chain, says its new next-generation ATMs could soon feature crypto and security token offering (STO) trading functions. The First reported that Emart’s convenience store brand Emart24 has installed new “digital ATMs” at...