Blockchain industry members claim that smaller-scale startups have struggled to forge partnerships with local banks in South Korea and are therefore unable to register under regulators’ new requirements. South Korea is heading into a new period for its crypto industry, with stringent new rules coming into effect on March 25 that will require all cryptocurrency…
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A new study commissioned by the United Kingdom’s Financial Conduct Authority found that the profile of cryptocurrency traders skews towards thrill-seeking, trading on gut “instinct.” Cryptocurrency traders — according to the findings of a new study commissioned by the United Kingdom’s Financial Conduct Authority — are a young and diverse bunch who are not always level-headed in…
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The Theta Network’s native token continues to hit new all-time highs. THETA, the native token of the Theta Network — a decentralized blockchain-based video delivery network — has entered the top 10 cryptocurrencies by market capitalization. On March 23, THETA overtook Chainlink (LINK) as the 10th biggest cryptocurrency by market capitalization at nearly $11.5 billion,…
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Tokens related to gaming, video and music streaming rallied to new highs even as Bitcoin price pulled back to the $54,000 support. Bitcoin (BTC) bulls faced strong headwinds on March 22 that quickly dampened any attempt at a breakout above the $58,000 level despite comments from United States Federal Reserve Chair Jerome Powell which called the…
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Naver is reportedly looking to strengthen its position in the crypto industry with a potential equity stake in South Korea’s largest crypto exchange. Major South Korean internet company Naver has reportedly begun negotiations to acquire a stake in the country’s largest cryptocurrency exchange, Bithumb. Naver has discussed a potential equity stake acquisition with major Bithumb…
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Microsoft wants to know if gamers would spend crypto at the Xbox online store. Tech giant Microsoft seems to be considering introducing Bitcoin (BTC) payments at its Xbox gaming console online store. According to a March 21 Reddit post on r/XboxSeriesX, Microsoft has put out a survey asking Xbox users about their preferred payment options…
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Searches for Bitcoin emanating from Turkey exploded after news broke regarding the 14% plunge in the value of the Turkish lira. Google searches for Bitcoin (BTC) emanating from Turkey exploded in the past 24 hours, after the value of the Turkish lira dropped 14% following the firing of a central bank governor. According to data…
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Ripple’s expansion plans haven’t been halted by an ongoing XRP securities lawsuit, as it appoints a new managing director for the Southeast Asia region. Ripple has appointed a former Uber executive to lead its expansion into the Southeast Asia region, the firm announced on March 18. Brooks Entwistle joins Ripple after serving as Uber’s chief business…
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He thinks crypto’s ongoing bull market is driven by a number of factors. EToro’s CEO, Yoni Assia, thinks multiple factors are at play when it comes to the crypto market’s current bull run — among them, the economic situation in the United States amid the ongoing COVID-19 pandemic. “I think there is a confluence of…
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The mining subsidiary of Japanese financial conglomerate SBI Holdings is opening its pool services to institutional and retail customers alike. SBI Crypto, the mining subsidiary of Japanese financial conglomerate SBI Holdings, has opened its mining pool to the general public. As one of the fruits of a strategic partnership between SBI and the German tech…
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