The Korea Financial Intelligence Unit (KoFIU) has recently unveiled an extensive plan aimed at enhancing supervision and regulation within the crypto industry. This move comes as part of South Korea’s commitment to strengthening financial oversight and consumer protection in the ever-evolving digital asset landscape. With the development of their comprehensive strategy for 2024, which involved
Exchanges
Hong Kong’s Securities and Futures Commission (SFC) and local law enforcement have issued a public warning regarding an entity impersonating the legitimate crypto exchange, MEXC Global. The scammers are using deceptive tactics to lure unsuspecting victims into a crypto investment scam, posing as a virtual asset trading platform. This article analyzes the warning and highlights
The surge in the total assets under custodial accounts within the crypto market has been nothing short of remarkable. Over the past four months, these accounts have seen a staggering 250% increase, fueled in part by the growing anticipation of a bull run and the integration of cryptocurrencies into daily life. In addition, macroeconomic conditions
Binance, the leading cryptocurrency exchange by trading volume, recently announced that it would be delisting two digital assets, Monero (XMR) and Multichain (MULTI), along with several other tokens. The delisting decision was made because these assets no longer met Binance’s listing criteria. As a result, XMR and MULTI experienced a significant decline in value. After
The Solana blockchain network has seen a surge in decentralized exchange (DEX) trading activity following the highly anticipated Jupiter airdrop. According to data from DeFillama, Solana-based DEXs recorded a total trading volume of $1.14 billion in the last 24 hours, surpassing the approximately $1.13 billion traded on Ethereum-based platforms during the same period. This milestone
In a recent bankruptcy hearing, FTX announced its decision not to revive the exchange and instead liquidate its assets to fully compensate its affected customers. This development marks a significant turning point in the FTX bankruptcy saga, which has been plagued by flaws in the company’s operations and the actions of its founder, Sam Bankman-Fried.
— Binance, one of the world’s leading cryptocurrency exchanges, has recently introduced a groundbreaking solution for institutional investors. In a statement released on Jan. 30, a Binance representative confirmed that the platform is now providing institutional investors with the ability to secure their trading collateral through a third-party banking partner. This innovative solution, known as
The recent decline of Bitcoin by approximately 20% from its year-to-date high raises questions about the broader performance of cryptocurrencies. In order to gain a better understanding of the market, it is imperative to assess the performance of tokens listed in the Coinbase and Binance lawsuits. These lawsuits, filed on June 6 and June 5,
Coinbase, the prominent cryptocurrency exchange, has recently expressed concerns about the overwhelming influence of go-Ethereum (Geth) and announced its intention to diversify its execution clients. In a statement shared on the social media platform X (formerly Twitter) on January 23, Coinbase Cloud revealed ongoing evaluations to identify qualified alternative execution clients for its platform. The
Gemini, a prominent cryptocurrency exchange, has achieved a significant milestone by registering as a Digital Asset Service Provider (DASP) in France. This registration, granted by the Autorité des Marchés Financiers (AMF), allows Gemini to serve both retail and institutional customers in the European country. Moreover, French users will now have access to a wide range
