The South Korean financial regulator has made it mandatory for its employees to declare their cryptocurrency holdings following the “Coin Gate” scandal. Lawmakers in the country have faced allegations of insider trading, with one Member of Parliament (MP) accused of selling tokens prior to the implementation of a new crypto regulation. The MP was discovered
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Bitcoin experienced a slight decrease in price this week, but various indicators suggest that $30,000 will likely serve as a support level in the future. Over the course of 15 days leading up to July 7, Bitcoin remained within a narrow range of 4.3%. Despite this, the unsuccessful attempt to break above $31,400 on July
The Commodity Futures Trading Commission (CFTC) has recently uncovered violations of US regulations by crypto lending platform Celsius Network. This investigation has also implicated the firm’s former CEO, Alex Mashinsky, according to a report by Bloomberg. If the CFTC’s commissioners agree with the findings of the investigation, legal action against Celsius and Mashinsky may commence
The cryptocurrency market has been buzzing with excitement as Son of Pepe Coin emerges as one of the top gainers today. This token has gained significant attention on DEXTools, positioning itself as one of the most notable gainers in the market. With investors on the lookout for tokens with explosive potential, it is crucial to
Bitcoin (BTC) struggled to break through the $31,000 mark as it traded below this level at the July 3 Wall Street open. The cryptocurrency remained in a tight range following the weekly close, with bulls eagerly waiting for a catalyst to drive the price higher. Despite modest attempts to breach the resistance levels, Bitcoin’s price
The crypto market has seen a resurgence this year, and with it, the demand for liquid staking, particularly in the Solana ecosystem. According to The Block Research, liquid staking protocols on Solana, also known as the “Ethereum Killer,” have experienced a 91% surge in total value locked since the beginning of 2023. Protocols such as
Delio, a prominent crypto lending firm based in South Korea, is currently facing scrutiny from the country’s Financial Services Commission (FSC) over allegations of fraud, embezzlement, and breach of trust. The investigation was triggered by Delio’s unilateral decision to suspend users’ deposits and withdrawals on June 14, causing concern among investors. The FSC is examining
Coinbase, a leading cryptocurrency exchange, has announced its intention to modernize the direct deposit system by implementing blockchain-based stablecoin settlements instead of the traditional ACH deposits. Yuga Cohler, a senior software engineer at Coinbase, outlined in a blog post that the company aims to update the financial system and promote global adoption of cryptocurrencies, all
Bitget, a prominent crypto derivatives exchange, has recently introduced its innovative Crypto Loans program. This new program provides users with the opportunity to stake their own coins in exchange for loans in another cryptocurrency. The primary objective of the platform is to cater to borrowers who are dissatisfied with traditional lenders, offering them a more
Valkyrie Investments has resubmitted its application for a spot-Bitcoin exchange-traded fund (ETF), making amendments to address the concerns raised by the Securities and Exchange Commission (SEC). The recent applications sent back by the SEC have all been amended and refiled, including Valkyrie Investments’ application. As part of the amendments, Valkyrie Investments has declared Coinbase as