South Korea’s crypto market grew to 55 trillion Won ($45.9 billion) by the end of 2021, as per a new study from the country’s chief financial regulator, the Financial Service Commission. South Korea is considered among the strictest crypto markets in terms of regulatory policy implementations and made regular headlines throughout 2021 for its new …
Continue reading “South Korean crypto market grows to $45.9B in 2021 despite strict regulations”
In brief: Heather Morgan is reportedly negotiating a plea deal with authorities to avoid jail time Morgan was arrested alongside her husband for attempting to launder cryptocurrency stolen during the 2016 Bitfinex Hack Ms. Morgan is a rapper and entrepreneur who is currently out of jail on a $3 million bond bail The lawyers of …
Continue reading “Bitfinex Hack Suspect Reportedly Negotiating a Plea Deal”
Media outlet DeFiprime.com noted Bitcoin is trading for up to $20,000 above the market rate on Russian exchanges. DeFiprime.com jokingly called this the “matreshka premium,” as a spin on the kimchi premium, which was a prevalent phenomenon from around 2016. Matreshka premium is a new kimchi premium 👀 $BTC trading at Russian p2p exchanges/fiat on-ramps …
Continue reading “Russians are paying up to $20,000 above market rate to buy Bitcoin”
The U.S. Securities and Exchange Commission (SEC) has revealed that there are benefits for cryptocurrency companies to self-report their violations of securities laws to the regulator. While noting that there will be no amnesty, the SEC enforcement director said, “We’ll view their conduct more favorably if they come in — such as what the remedies …
Binance, the biggest cryptocurrency exchange by trading volume, has announced a series of humanitarian aid actions it will take to support Ukrainians. The exchange stated it will donate a minimum of $10 million to help the Ukrainian people through the Binance Charity Foundation. Binance also announced it was kickstarting a crypto-first crowdfunding site to coordinate …
An Islamic scholar, Irshad Ahmad Ijaz, has asserted that digital currency is not fake currency and that it should be legitimized once certain conditions are met. Ijaz’s viewpoint is echoed by other scholars that attended a seminar examining the status of digital currencies from the perspective of Islamic law. Use of Crypto in the Digital …
Continue reading “Islamic Scholar Says Digital Currency is Not a ‘Fictitious Currency’”
Over the last six months, Bitcoin (BTC) recorded numerous milestones — El Salvador’s mainstream adoption, a new all-time high of $69,000 and a stronger-than-ever network hash rate. However, for the first time in history, global Bitcoin ATM installations in the first two months have slowed down when compared to the preceding year. Bitcoin ATM installations …
Continue reading “Bitcoin ATM installations slow down in early 2022, making a first in history”
Bitcoin (BTC) hit $44,000 overnight on Mar. 1 as a rally that began Monday sparked unexpected results. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Traders warns of “massive variables” for BTC price Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $44,250 on Bitstamp before consolidating, still above $43,000 at the time of writing. The …
Continue reading “$300M in crypto liquidations accompanies Bitcoin’s surge to $44K”
Dutch artist Dadara and digital rights management platform RAIRtech have developed a collection of 7.9 billion identical nonfungible tokens (NFTs). The collection, named CryptoGreymen, is on the Polygon (MATIC) Ethereum scaling network. Although each NFT is identical, they will be assigned a serial number of up to 7.9 billion to reflect the number of humans …
Continue reading “Nifty News: One NFT per human in existence and the Pixelmon controversy”
Ethereum, the second-largest blockchain, officially reached the 1 million unique NFT buyers mark on Sunday, seven years since the first NFT was minted on Ethereum blockchain. As rival ecosystems have seen formidable growth, threatening Ethereum’s dominance, the announcement shows that Vitalik’s offspring still lead the NFT game for the time being. According to the most …
Continue reading “Ethereum Hits Major Milestone: 1 Million Unique NFT Buyers”
The University of Cambridge is collaborating with some of the world’s top banking institutions and private companies to introduce a new project targeting cryptocurrency research. The Cambridge Center for Alternative Finance, or CCAF, has launched a research initiative aiming to bring more insights on the rapidly growing digital asset industry, the CCAF announced to Cointelegraph …
Continue reading “Cambridge University launches crypto research project with IMF and BIS”
South African crypto exchange VALR has raised $50 million in a Series B equity funding round, marking the largest-ever funding for an African crypto exchange. With this latest round of funding, VALR’s valuation has increased to $240 million, a 10X in growth since it raised its $3.4 million in a Series A round in July …
Continue reading “South African exchange raises $50M in Africa’s largest funding round”
On-chain activity for the leading Layer 2 networks has been declining recently, however, the Arbitrum platform is bucking the trend according to recent findings. Blockchain analytics firm Nansen has reported that seven-day activity in terms of addresses for many of the leading networks has been in decline. Only the Ethereum L2 scaling network Arbitrum has …
Continue reading “Layer 2 address activity slows, but Arbitrum bucks the trend”
Bitcoin Price Prediction – March 1 The Bitcoin price prediction shows that BTC touches the resistance level of $44,000 as the recovery comes gradually. BTC/USD Long-term Trend: Bearish (Daily Chart) Key levels: Resistance Levels: $49,000, $51,000, $53,000 Support Levels: $35,000, $33,000, $31,000 BTCUSD – Daily Chart Buy Bitcoin Now At the time of writing, BTC/USD …
Continue reading “Bitcoin Price Prediction: BTC/USD Touches $44,000 Resistance”
While most crypto novices focus on price fluctuations and try to time trades, advanced investors understand there are dozens of metrics and data that are indispensable for gauging the health and long-term potential of DeFi projects. As the blockchain industry has matured, more tools have been developed for people to analyze on-chain data. Below are …
Continue reading “5 DeFi Data Tools for Analyzing Crypto Projects”
