South Korea’s Personal Information Protection Commission (PIPC) imposed a collective fine of KRW 1.14 billion ($861,408) on Worldcoin and its affiliate Tools for Humanity (TFH) for failures related to disclosure requirements, according to a Sept. 25 press release. The regulator said the companies violated the country’s Personal Information Protection Act (PIPA) by not disclosing the …
Monthly archives: September 2024
UAE introduces strict crypto marketing guidelines to curb risks
Dubai’s Virtual Assets Regulatory Authority (VARA) announced updated marketing guidelines for firms promoting virtual assets, marking a significant step toward strengthening investor protection in the UAE. The new rules, effective Oct. 1, will require companies to provide clear warnings about the risks associated with digital currencies. Stricter marketing rules The guidelines mandate that all advertisements …
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WazirX granted 4-month $230 million debt repayment extension by Singapore court
Since the $230 million hack in July, WazirX has been scrambling to recover the assets and pacify users. The Indian crypto exchange had asked for a six-month moratorium to deal with the crisis. However, a Singapore court granted only four months relief, with conditions, on Thursday, Business Standard reported. As part of the conditions, WazirX …
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Ethena Labs jumps 14% on BlackRock’s BUIDL backed UStb stablecoin announcement
Ethena Labs has announced the introduction of UStb, a new stablecoin fully backed by BlackRock’s on-chain BUIDL fund, developed in partnership with Securitize. This product is an additional fiat stablecoin alongside USDe, offering a differentiated risk profile to users and exchange partners. UStb will reportedly function identically to traditional stablecoins and exist as an isolated …
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Altcoin season fever infects analysts calling for bullish movement as Bitcoin hits $64k
According to several crypto analysts, altcoins are exhibiting a notable breakout, hinting at a potential shift toward an altcoin-dominated market phase. Analysts observed that the total market capitalization of altcoins is rising, breaking out of longstanding downward trends. Technical and on-chain analyst Ali Martinez noted that while it’s uncertain if a full-blown altcoin season has …
Spot Bitcoin ETFs Add $105M as Ether ETFs Pull in $43M on Busy Trading Day
U.S. spot bitcoin ETFs enjoyed another day of inflows, bringing in $105.84 million, while spot ether funds also added $43.23 million. Blackrock’s IBIT Leads Bitcoin ETFs, While Grayscale’s Mini Ether Trust Gains the Most Ether Inflows Wednesday marked another active trading session for the 12 spot bitcoin ETFs and the nine spot ether ETFs. The …
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Bitcoin Reaches $65K — Market Braces for Major Options Expiry
At 11:40 a.m. EDT on Thursday, bitcoin (BTC) surpassed the $65,000 mark. After the latest climb, the current trading price per BTC stands at $65,430 per coin. Bitcoin Peaks Above $65K Bitcoin (BTC) has enjoyed a rise today, reaching $65,499 during the morning trading hours. Of the day’s total crypto trade volume of $95.27 billion, …
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Hamster Kombat’s Wild Start: HMSTR’s 30% Drop Rocks Market Debut
According to recent market data, the freshly minted hamster kombat (HMSTR) token has made its debut on several top-tier exchanges, only to tumble 30% in value within the last 24 hours. Hamster Kombat Token Drops 30% Amid First Day of Major Trading The token, tied to the blockchain game Hamster Kombat on the TON network …
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Crypto Analysts Say These are the Best Meme Coins to Buy for October: Popcat, Floki, Crypto All-Stars
Meme coins – they’re the wildcards of the crypto market. As we prepare to enter October, everyone’s buzzing about which of these coins could be the next big thing. And analysts have their eyes on a few standout contenders: Popcat, Floki, and Crypto All-Stars. Solana Meme Coin POPCAT Continues Impressing Investors Solana-based meme coin Popcat …
Kamala Harris’s Blockchain Comment Sparks Mixed Reactions in Crypto Community
Vice President Kamala Harris’s remarks on fostering technologies like artificial intelligence (AI) and blockchain have sparked plenty of chatter in the crypto community. While some see her words as encouraging and forward-thinking, others believe Harris is merely pandering and looking to gain political support. VP Harris Faces Skepticism Over Blockchain Statement Amid Ongoing Crypto Crackdown …
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Wazirx Granted 4-Month Moratorium, Will Make Wallet Addresses Public
Indian crypto exchange Wazirx has secured a four-month moratorium granted by a Singapore court, providing time for the company to address its financial obligations while crafting a resolution plan. Wazirx explained that as part of the court’s conditions, it will “make wallet addresses public via a court affidavit, respond to user queries raised in the …
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Check Point Discovers Mobile Crypto Drainer App on Google Play Store: $70K Stolen From 10,000 Users
Check Point Research (CPR) has uncovered a new threat: a mobile crypto drainer app found on Google Play. This app, deceptively posing as the legitimate WalletConnect tool, exploited the growing popularity of digital assets and targeted users directly on their mobile devices. Over five months, it achieved more than 10,000 downloads and stole around $70,000 …
Circle Launches New ‘Compliance Engine’ for Companies Building On-Chain, Says CEO Jeremy Allaire
USDC-issuer Circle has rolled out a new compliance tool designed to help companies build on-chain. The “Compliance Engine” will automatically integrate with Circle’s programmable smart wallets designed for developers, says Jeremy Allaire, the firm’s chief executive. “We’ve built up tremendous capabilities in this area over the past decade, and we’re now taking those capabilities and …
Here’s an End-of-2025 Price Target for Bitcoin (BTC), According to Trader That Called Bear Market Bottom
A popular trader known for several accurate crypto market calls is outlining his 2025 outlook for Bitcoin (BTC). Pseudonymous analyst Dave the Wave tells his 146,900 followers on the social media platform X that Bitcoin could soar nearly 214% from its current value by the end of next year. The analyst shares a chart using …
Crypto Analyst Says Large-Cap Ethereum Rival at Risk of Massive Sell-Off – Here’s Why
A popular crypto analyst thinks one large-cap Ethereum (ETH) rival could be at risk of a massive sell-off. Ali Martinez tells his 72,400 followers on the social media platform X that Toncoin (TON) could be in for rough weeks ahead following a new announcement that the messaging platform Telegram will provide user data to governments …