Crypto News

South Korea’s Financial Regulator Warns Crypto Exchanges

South Korea’s Financial Regulator Warns Crypto Exchanges

The Financial Services Commission (FSC) is the central fiscal regulator in South Korea. Following the new crypto trading requirements issued by the regulatory authority last month, many of the local crypto enterprises apply for new registration with FSC. However, the native crypto exchanges have gone on to overlook the new regulations. The cold war between the local cryptocurrency exchange markets and the South Korean regulators has been going on for the better part of the current year. Financial Services Commission is Making New Policies to Regulate Crypto Sector One of the main reasons that encourage the local South Korean exchange…
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Microstrategy Buys Additional BTC Worth About $244m 

Microstrategy Buys Additional BTC Worth About $244m 

Top digital asset management firm and corporate bitcoin bull, Microstrategy, has bought additional BTC worth about $244m based on its latest filing with the SEC. Thus, the company's total BTC purchases in this quarter are now worth about $210m. Microstrategy Remains A Corporate BTC Whale Microstrategy maintains its position as the leading corporate crypto whale. Its BTC asset is now valued at about $3.17B at an average buy price of $27,714 per coin. The company CEO disclosed the additional purchase via his official Twitter handle today. Microstrategy's filing with the sec indicates that it increased its BTC holdings by almost…
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El Salvador Finally Accepts Bitcoin as Legal Tender

El Salvador Finally Accepts Bitcoin as Legal Tender

Since El Salvador has accepted the top cryptocurrency as a legal tender, it has become the talk of a town, now this is a country in front of you with not an overtly stretched financial profile as the European or Asian countries, but still, it managed to pull off this amazing deed recently and has motivated many countries to do the same. Soon enough, El Salvador is going to launch its new crypto wallet app, and everyone signing up for the app for the first time will be receiving $30 in the form of real bitcoin as it would officially…
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Former Federal Prosecutor Slams SEC’s Move to Clean Crypto Space

Former Federal Prosecutor Slams SEC’s Move to Clean Crypto Space

Former United States prosecutor has slammed the Security and Exchange Commission for its approach to control the crypto space. The prosecutor hit out at the commission, stating that the commission will stop at nothing to get the crypto space clean. This comment came after the SEC's recent threat to sue Coinbase exchange for its product launch, Lend. James Filan, a member of the ABA, tweeted about SEC's pursuit of crypto platforms, especially Coinbase and Ripple. Recently, Coinbase accused the SEC of using an intimidation strategy to stop the exchange's launch of Lend after the agency threatened to sue them. Ripple,…
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El Salvador’s First-Ever BTC Commercial Is Running Successfully

El Salvador’s First-Ever BTC Commercial Is Running Successfully

The 30th of August 2021 will be remembered for a long time because it was the day when Bitcoin’s first commercial made by a government went live. The move came a week prior to the legalization of Bitcoin in El Salvador. The ad is being circulated on social media by thousands of cryptocurrency lovers who are hoping that their countries will follow in the footsteps of El Salvador soon. The ad, which primarily informs people about the usage of Bitcoin as a normal currency, is animated; hence it feels really attractive. People have been told in the ad that the…
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Google Fined 200K Rubles For  Advertising eToro

Google Fined 200K Rubles For Advertising eToro

Russia's apex financial body, the FAS, announced that it fined the search engine giants for advertising a social trading platform, eToro, to its citizens. Three months ago, the FAS had accused Google of violating several advertising policies related to Russia. FAS claimed that eToro's target audience couldn't be Russians since the exchange does not have any Russian operating license. Fact checks show that eToro's trading services in Russia stopped four years ago. Also, eToro wasn't behind the unlawful advert campaign the FAS is accusing it of running. eToro Ad But Google's Penalty? The FAS said it slapped Google with the…
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Cardano CEO Warns Of Massive FUD As Alonzo Update Edges Close

Cardano CEO Warns Of Massive FUD As Alonzo Update Edges Close

Today, Cardano CEO Charles Hoskinson created a Twitter thread where he expressed his frustration at the FUD generated about Cardano on various social handles a few days to its Alonzo upgrade. Hoskinson also remarked that a FUD was also created in the year 2020 in the days leading to the platform's shelly update, where it switched from a pow to a pos. He also said he doesn't understand why there were those threatened by Cardano's Alonzo upgrade, just five days away. It Wasn't Unexpected The Cardano CEO noted that he isn't surprised in any way about this FUD since a…
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Honduras Installs Its First Crypto ATM

Honduras Installs Its First Crypto ATM

Central American countries have been establishing more crypto-friendly positions while witnessing a consistent expansion in the crypto market. Last Sunday, the El Salvadoran president declared that an opportunity would be provided to the citizens to transform their crypto assets to fiat instantly after the implementation of the legal tender law of Bitcoin. The infrastructure comprising of state-provided Bitcoin wallets and ATMs would be constructed by the authorities. Likewise, in Panama, a bill has been proposed by a Congress member, which demands lawmakers to legalize Bitcoin. Honduras is another country joining them because it has incorporated its earliest crypto ATM. “La…
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