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Authorities order South Korean crypto platforms to maintain reserves
28.8.2023
Crypto exchange platforms in South Korea have been instructed by relevant authorities to maintain reserves with Korean banks. This pertains to the intention of the government to protect those who are venturing out on the path to build a portfolio with digital tokens. Per the instructions, crypto...
South Korean Crypto Exchanges Mandated to Maintain Reserve Funds of $2.3 Million
28.8.2023
South Korean cryptocurrency exchanges will be required to maintain a reserve fund of at least 3 billion won (approximately $2.3 million) in designated bank accounts starting September.
The new regulations for crypto exchanges are aimed at enhancing user protection in the event of unforeseen...
Latam Insights: Brazil’s Lula Pushes for BRICS Currency; Binance Drops Card Programs
28.8.2023
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Brazil’s President Luiz Inacio Lula Da Silva pushes to issue a BRICS common currency, Binance drops card services, and Argentina gets invited to be part...
Bitcoin Slumps Under $26K as Bearish Outlook Engulfs Crypto Market
28.8.2023
Price-charts suggest more declines ahead even as large investors are adding on their bitcoin holdings, one trader said
Ethereum Price Prediction as OnlyFans Parent Company Confirms ETH Holdings – Crypto Adoption on the Rise?
28.8.2023
The Ethereum price has dropped by 1% in the past 24 hours, falling to $1,633 as the cryptocurrency market as a whole slips by 0.5% in the same amount of time.
ETH is now down by 2% in a week and by 12% in the last 30 days, with the coin remaining up by 36% since the beginning of the year....
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PM Modi Advocates Global Framework for Crypto Regulation and Ethical AI at B20 Summit
28.8.2023
Speaking at the B20 Summit India 2023, organized by CII, Prime Minister Narendra Modi emphasized the need for a worldwide framework for cryptocurrencies and the ethical implementation of artificial intelligence (AI).
Modi, addressing the summit, which took place from August 25–27 in New Delhi...
Oman's Multi-Million Crypto Investments Trigger Sharia Compliance Discussion
28.8.2023
The Sultanate of Oman is continuing its push into the world of cryptocurrency with a series of multi-million-dollar investments.
The country, located on the southeastern coast of the Arabian Peninsula, aims to establish itself as a digital hub in a highly competitive region.
The government...
B20 Summit 2023: PM Modi asks for global crypto framework
28.8.2023
The Indian Prime Minister, Narendra Modi, addressed the crypto talk at the B20 summit recently. The PM talked to business leaders, asking for new ideas surrounding AI and crypto. Moreover, PM Modi stated that an integrated approach is needed to address issues related to crypto. Organized by...
Laos halts electricity supply to crypto mining projects amid drought
28.8.2023
The drought that the country experienced in the first half of 2023 resulted in higher electricity demand and lower power generation capabilities from hydropower plants
Binance Removes Sanctioned Russian Banks From P2P Platform
28.8.2023
Crypto exchange Binance has dropped Russian banks under sanctions from the payment options on its peer-to-peer (P2P) platform. Russian traders can no longer use cards issued by these banks to make payments while transactions in foreign fiat currencies are also restricted for them. Binance No Longer...
'Breakthrough growth' will be driven by Web3: HK financial secretary
28.8.2023
Paul Chan says that blockchain and Web3 tech will be responsible for the next big wave of growth in Hong Kong’s digital tech sector
India’s Prime Minister Calls for Global Crypto Framework With Focus on Unified Approach, Adoption, Democratization
28.8.2023
India’s Prime Minister Narendra Modi says crypto needs “a global framework and regulations.” He stressed: “The rapid pace of change of technology is a reality — there is no point in ignoring it or wishing it away. Instead, the focus should be on adoption, democratization, and a unified approach.”...
Friend.tech pronounced 'dead' after activity and fees tank
28.8.2023
Buyers, sellers, inflows and transactions have all taken significant dives on the Friend.tech platform after its launch just over two weeks ago, prompting some critics to herald its death
OnlyFans’ parent company bought $20M of Ethereum as revenue surged
28.8.2023
Fenix International, the parent company of OnlyFans purchased the cryptocurrency between 2021 and 2022
Brazilian Soccer Star Ronaldinho Fails to Turn Up at ‘Crypto Scam’ Hearing
28.8.2023
The Brazilian football (soccer) icon Ronaldinho has failed to show at a parliamentary hearing on crypto pyramids, and could face jail time if he refuses to attend another hearing later this month.
Per Sport.es and Livecoins, the Brazilian Chamber of Deputies’ Financial Pyramids Committee...
Bitcoin Spark: The cryptocurrency that’s outshining Dogecoin and Solana
27.8.2023
The decentralized technology is quickly gaining traction due to digital networks such as Solana and Dogecoin. The two digital platforms have been vital in attracting venture capital firms and retail investors to invest in the cryptocurrency ecosystem. As a meme coin, Dogecoin made a significant...
Ronaldinho fails to testify in crypto scam probe, faces possible arrest in Brazil
27.8.2023
The investigation centers around Ronaldinho's company '18kRonaldinho', which promised clients daily profits of over 2% through crypto investments
DYdX Founder: Crypto Developers Could Benefit from Avoiding US Market – What's Going On?
27.8.2023
Antonio Juliano, founder of the decentralized exchange dYdX, has suggested that crypto developers forget about serving customers in the United States for the next five to 10 years due to a hostile regulatory environment.
In a recent X (formerly Twitter) thread, the crypto veteran encouraged...
PEPE Token Heist: Former Team Members Swipe $15 Million in Tokens, Lead Developer Vows to Rebuild and Decentralize
27.8.2023
Approximately 16 trillion PEPE tokens worth $15 million were illicitly transferred to crypto exchanges and sold, according to an announcement from the meme coin’s anonymous lead developer. The theft was allegedly orchestrated by three former team members who accessed the token’s...
Crypto community reacts to Biden's proposed crypto tax reporting rules
27.8.2023
Many prominent crypto commentators are concerned that this will make crypto firms even more reluctant to do business in the United States