The South Korean game maker WeMade crypto project suffered a blow on February 8 as regulators launched a probe into suspected “unregistered” sales on WEMIX platforms. Maeil Kyungjae reported that the Financial Intelligence Unit (FIU), which reports to the Financial Services Commission, is spearheading the investigation. WeMade Crypto Platform ‘Not Registered’ with Authorities? The FIU…
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Bitcoin has surged over 4% in the past 24 hours, edging closer to the $45,000 threshold for the first time since mid-January. At the time of reporting, Bitcoin was trading at approximately $44,800, marking a 4.6% increase within the day and a notable 6.3% surge over the past week. While the influx of funds into…
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The bitcoin mining corporation Iris Energy, listed on the Nasdaq, has declared its entry into a cloud services partnership with the artificial intelligence (AI) startup Poolside AI. The collaboration with Poolside comes after Iris acquired 248 Nvidia H100 graphics processing units (GPUs) for $10 million in August 2023. Iris Energy Partners With Poolside AI On…
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Top Crypto Gainers Today on DEXTools Crypto markets are pumping on Thursday, with Bitcoin (BTC) and Ether (ETH) both at multi-week highs, though crypto degens looking for the top crypto gainers today will continue to turn to tools like DEXTools to find low cap gems. Bitcoin is back in the $45,000s and Ether in the…
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Following the Montenegro Appeals Court’s decision to reject the extradition requests for Terraform Labs co-founder Do Kwon, the panel from the Appeals Court has nullified the latest decision by Podgorica’s High Court to extradite Kwon to either South Korea or the United States. This ruling implies that Kwon will remain in Montenegro, as the matter…
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A Florida federal jury convicted Hydrogen Technology Corp’s former head of financial engineering over crypto price manipulation conspiracy. The convict, Shane Hampton, allegedly orchestrated a months-long scheme to manipulate the price of Hydrogen Tech’s native crypto token – Hydro. The beleaguered company already had disputes with the US securities regulator, which closed with $2.8 million…
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The Markets in Crypto Assets Regulation (MiCA), due to take effect this year, is the European Union’s comprehensive crypto law. The legislation promises legal certainty, compliance challenges and global implications. MiCA’s primary goal will be to establish a unified rulebook for regulating crypto-asset markets. The ‘implementation phase’ of MiCA is from entry – June 2023 when…
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Hong Kong on Thursday announced a consultation on regulating over-the-counter (OTC) crypto trading. The Financial Services and the Treasury Bureau consultation seeks to establish a conceptual framework for licensing virtual asset OTC services. Under the regime, operators would be mandated to obtain licenses and comply with anti-money laundering and counter-terrorist financing rules. It states that…
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Two South Korean altcoin executives were freed on bail on February 7 pending a fraud trial. Prosecutors think the executives manipulated token prices to defraud investors. Per Newsis, the Seoul Southern District Court released Pica Project/Pica Coin co-chairs Song (aged 24) and Seong (aged 45). The duo’s given names were withheld for legal reasons. Altcoin…
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Belarus’ Central Bank thinks its new CBDC will let Minsk “decentralize cross-border trade,” and has earmarked a national rollout for 2026. Per ONT, the National Bank of Belarus (NBB)’s Deputy Head of Research and Strategic Development Mikhail Demidenko, said: “The [goal] is primarily the decentralization of cross-border payments. The problem in the modern world is…
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