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South Korean crypto exchanges bracing for a legal battle amid threats of closure
If they fail to meet a regulatory deadline in September and are forced to close. South Korean crypto exchanges are preparing to sue the government or challenge it in the constitutional court. New crypto exchange regulations, which have already been enacted into law, will take effect on September 24. However, none of the country’s 60 […]
Active Bitcoin miners are now ‘unlikely’ sellers as a result of a profit boost, according to data.
According to new data, Bitcoin (BTC) miners are “unlikely” to put pressure. On the BTC price by selling coins in the coming weeks. Glassnode, an analytics resource, sought to allay fears of another large miner sell-off in its latest weekly report, The Week On-chain. Difficulty drop a gift to remaining miners Miners selling BTC to […]
British users on Binance reporting issues with the Fiat ramps, banks, and credit cards
Customers in the United Kingdom have claimed that they have been locked out of GBP withdrawals via the Faster Payments network. With bank card-linked transactions also experiencing issues. Just days after the British regulator ordered Binance to stop offering fiat-based services in the country. The Financial Conduct Authority (FCA) ordered Binance’s UK operations to stop […]
Since 2017, $71B in crypto has reportedly passed through Malta’s “blockchain island”
Though lax regulatory oversight has raised concerns about money laundering and other financial crime. Malta’s strategy to become a global enclave for digital assets appears to be working. Since the tiny Mediterranean state first adopted its “blockchain island” strategy in 2017, roughly $71 billion. Or 60 billion euros, worth of cryptocurrencies has passed through Malta, […]
DOGE drops as a NASCAR driver sponsored by Dogecoin crashes.
Over the weekend, a Dogecoin-encrusted race car crashed spectacularly into a wall, and DOGE experienced a similar fate in the markets. The DOGE-emblazoned Chevrolet Camaro driven by Stefan Parsons crashed into the wall on lap 70 of Saturday’s National Association for Stock Car Auto Racing (NASCAR) Xfinity Series race in Nashville, ending in disaster for […]
According ECB official, digital euro offers better privacy protections than private stablecoins
Fabio Panetta, a European Central Bank executive board member. Argued that a digital euro offers better privacy protections than privately issued stablecoins. Panetta chastised private companies’ profit motives. Stating that it is in their commercial interests to collect massive amounts of data on their users. The board member told the Financial Times, “We are not […]
Amber Group, a crypto-finance company, Valued at $1B following a $100M funding raise
Amber Group, a cryptocurrency investment platform, has raised $100 million in a successful Series B fundraising round, bringing its total pre-money valuation to $1 billion. A significant milestone for the company as it enters its fourth year of operations. According to co-founder and CEO Michael Wu. The funds will be used to “expand global operations […]
Tanzania’s president urged the central bank to get ready for Crypto
Tanzania appears to be the most recent emerging market to embrace Bitcoin and other digital assets. Tanzanian President Samia Suluhu Hassan urged the country’s central bank to investigate crypto assets on June 14. “We have witnessed the emergence of a new journey through the internet”. Hassan said, emphasizing the growing impact of digital assets on […]
Elon Musk explains when Tesla will start accepting Bitcoin payments
Elon Musk, the CEO of Tesla, has stated that his electric vehicle company will begin accepting Bitcoin (BTC) payments once it is confirmed that miners are using clean energy, providing a ray of hope that the fear surrounding digital assets will soon fade. Musk responded to a Cointelegraph tweet about recent allegations from Sygnia CEO […]
Chinese social media platform Weibo reportedly has banned crypto-related accounts
China’s anti-cryptocurrency crackdown has reportedly spread to social media. Several popular Bitcoin (BTC) and crypto-related content creators on Weibo. China’s Twitter-like microblogging service with over 530 million monthly active users, has reportedly been suspended. At least a dozen crypto influencers on Weibo were unable to use their accounts on Saturday night. According to local reports. […]