A South Korean financial regulator is set to go on the warpath in search of kimchi premium traders – and is vowing to bring suspected offenders to justice. As previously reported, the kimchi premium is a phenomenon in the crypto trading markets whereby bitcoin (BTC) and altcoins trade on domestic exchanges at significantly higher prices…
Read more
South Korean researchers say that crypto winter will end before the financial year is over, but think that the US Federal Reserve’s attempts to bolster the United States economy could continue to influence crypto markets in the meantime…. Read More: Crypto Winter Will End Before 2022 Is Out – Korbit Read more »Pay, Trade, Buy…
Read more
Dante Disparte hinted the U.S. could take a leading role in stablecoin regulation in an effort to “avoid trans-Atlantic or global misalignment.” Dante Disparte, Circle’s chief strategy officer and head of global policy who has previously testified at congressional hearings, has called on United States lawmakers to balance the risks with developing a regulatory path…
Read more
The bear market is far from over, but according to Glassnode, several metrics suggest that Bitcoin capitulation already occurred. “When will it end?” is the question that is on the mind of investors who have endured the current crypto winter and witnessed the demise of multiple protocols and investment funds over the past few months.…
Read more
BTC’s market cap is way smaller than gold’s, but the percentage of Bitcoin held by institutional investors suggests that the current pricing reflects an excellent discount. Bitcoin’s (BTC) price is down 56% year-to-date, but the correction was not strong enough to remove the digital asset from the list of top-20 global tradable assets. Bitcoin’s current…
Read more
A crypto lending platform still hopes to stay afloat, but experts doubt such probability. Reducing your initial debt of $820 million to just $0.013 over a month can’t be easy. And, it’s hardly surprising that such a heroic dash has led Celsius to bankruptcy. Last week, the crypto lending platform voluntarily filed petitions for Chapter…
Read more
In a court filing in Singapore, 3AC’s liquidators seek to slow down an expected onslaught of suits while they figure out the company’s complex financial dealings. The liquidators of failed crypto hedge fund Three Arrows Capital (3AC) have filed an application in the High Court of Singapore for a stay on claims against 3AC and…
Read more
Last month, it was reported that the co-founder of Ripple, Jed McCaleb was close to emptying his xrp wallet that held 81 million tokens worth $26 million. Following a transaction that saw 3,898,451 xrp transferred out of the address, McCaleb’s wallet is now close to being empty as there’s only 47.6912 xrp worth $17 stored…
Read more
The Bank of Spain has issued a new report about the performance of Latam economies during the first six months of the year. The document states that the current inflationary development that several countries of the region have can lead to institutional instability, even as the region is still recovering from the Covid-19 pandemic.
…
Read more
Tony Hawk, one of the most popular skateboarders in the world, is planning to build a skateboard park in the metaverse. The initiative, which will be completed in partnership with The Sandbox and Autograph, will also create voxel representations of the skateboarder as NFTs, that will be able to be used in The Sandbox metaverse…
Read more
