The Financial Services Commission, South Korea’s top financial regulator. Reportedly planning to shut down a dozen local cryptocurrency exchanges due to fraud allegations. According to the local news agency The Korea Herald. The FSC will shut down at least 11 mid-sized crypto exchanges in South Korea due to alleged illegal activities. And fraudulent collective accounts. […]
MicroStrategy’s CEO, Michael Saylor, has steadfastly defended the company’s bullish, long-term Bitcoin (BTC) position. Citing the cryptocurrency’s unique potential to evolve into “the future of the property.” MicroStrategy’s big bet on Bitcoin, which it has turned to the debt markets to sustain. Is the “highest upside, lowest risk strategy”. The company can pursue, Saylor argued […]
Solana, a blockchain platform, has extended an open invitation to Building out Loud, an exclusive hackathon for Indian developers and entrepreneurs. Solana plans to kick off the three-week event in collaboration with Devfolio and YouTube influencer Super pumped, according to the official statement. “Students, Web2 & Web3 developers, engineers, and anyone looking to get into […]
The International Monetary Fund (IMF) has issued a new warning as El Salvador prepares to make bitcoin (BTC) legal tender in September. The move is “an inadvisable shortcut,” according to the IMF. While governments must “step up” to provide the benefits offered by the technology underlying cryptoassets. As well as leverage new, digital forms of […]
According to reports from Spain, footballing giants FC Barcelona may sign a crypto-related shirt sponsor. The club, which is one of the biggest and most successful in the world. Has a deal with Rakuten, a Japanese e-commerce behemoth. In Japan, the company runs the Rakuten Wallet crypto exchange, but its global interests are currently limited […]
Binance, the world’s largest cryptocurrency exchange, has completed its 16th quarterly Binance Coin (BNB) burn, destroying over $390 million in BNB. Binance announced on July 18 that it had destroyed 1,296,728 BNB tokens worth just under $400 million. A total of 5,163 BNB were destroyed through the exchange’s Pioneer Burn Program, which is designed to […]
Despite China’s ongoing crackdown on cryptocurrency mining, mining new Bitcoin (BTC) is becoming easier, with BTC’s mining difficulty dropping yet again. According to data from Bitcoin explorer BTC.com, the Bitcoin network experienced its fourth consecutive negative adjustment of mining difficulty on July 18, dropping 4.8 percent. The most recent mining difficulty adjustment took place at […]
The Chinese government is continuing its crackdown on crypto mining by suspending operations in yet another province. According to local news agency Hefei Online, authorities in Anhui, a small province in eastern China, have announced a set of measures to address rising electricity demand and a resulting power supply shortage over the next three years. Anhui […]
According to an announcement by QR Capital, the holding company of QR Asset Management, the Brazilian securities regulator, the Comisso de Valores Mobiliários (CVM), has approved an Ether (ETH) exchange-traded fund (ETF). The fund, which will trade under the ticker QETH11, will be listed on the B3 stock exchange in Brazil. Which is a regional […]
According to reports, the State Bank of Vietnam is planning to become the latest central bank. To investigate central bank digital currencies’ feasibility and operational aspects (CBDCs). Unlike some other countries, its mission is to test a digital currency based on blockchain technology rather than a centralized protocol. Prime Minister Phm Minh Chinh announced the […]