Tag: News

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South Korea Universities Face Banking Hurdles in Converting Crypto Donations to Cash

May 28, 2024

Financial authorities in South Korea are prohibiting universities from opening corporate accounts for coin transactions. This is resulting in their inability to convert cryptocurrency donations provided by certain crypto businesses into cash. Local outlet Chosun Ilbo reported Monday that financial authorities are concerned that corporate accounts, unlike individual accounts with real names attached, can be…
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Microstrategy’s Michael Saylor States Spot Ether ETF Approval ‘May Be Better for Bitcoin’

May 28, 2024

Michael Saylor, Executive Chairman of Microstrategy, stated that the approval of several spot ether ETF proposals by the U.S. SEC might be good for Bitcoin. In “What Bitcoin Did,” Peter McCormack’s podcast, Saylor stated this approval gives rise to a crypto asset class, including several use cases like tokens, NFTs, and defi, with Bitcoin at…
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Scammers Target Crypto Influencers X Accounts to Promote Memecoin Related Info

May 27, 2024

Scammers have targeted popular crypto influencers on X (Twitter) with the acronym GCR, on late Sunday. His compromised X account carried a post predicting the price of the ORDI token, causing brief price surges. The hacker apparently posted promotional content on ORDI and Luna 2.0 tokens, resulting in momentary price increases. GCR later confirmed the…
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Argentinian Regulators Talk Bitcoin with El Salvador Authorities

May 27, 2024

Argentinian regulators have been talking to their counterparts in El Salvador about Bitcoin (BTC) adoption, the National Securities Commission of Argentina (CNV) confirmed this weekend. Per an official notice from the Argentinian CNV and a report from Criptonoticias, top officials met the head of El Salvador’s National Digital Assets Commission last week. Officials said the…
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Russian Central Bank Flags Sharp Rise in Crypto-related Activity

May 27, 2024

The Russian Central Bank says it has noticed a significant rise in citizens’ transactions on crypto exchanges and peer-to-peer crypto trading platforms. Per the Russian media outlet RBC, the bank has published a financial stability report, making several observations on Russian citizens’ crypto transactions. The bank wrote about trends it had noticed from the fourth…
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Latam Insights: Venezuela Seizes Over 11,000 Bitcoin Miners, Paraguay Cracks Down on Illegal Bitcoin Mining

May 27, 2024

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Venezuela seizes over 11,000 bitcoin miners to save energy, Paraguay cracks down on illegal bitcoin mining, and Brazil aims to finalize crypto regulations this year. Venezuelan Authorities Announce Bitcoin Mining Ban, Confiscate Over…
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Brazilian CBDC Pilot Postponed to 2025 Due to Inefficiency of Privacy Solutions

May 26, 2024

The Central Bank of Brazil announced the postponement of the completion of the drex pilot, the Brazilian CBDC, due to the inefficiency of the privacy solutions presented for the project so far. The pilot will have a new phase, finalized in 2025, and will also feature the implementation of smart contracts to nurture use cases…
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FTX Estate Sells Remaining Discounted Solana Tokens in Bid to Repay Creditors

May 26, 2024

The FTX estate, responsible for managing the defunct exchange’s bankruptcy, has auctioned off the last of its heavily discounted Solana (SOL) tokens. The tokens were sold to Pantera Capital and Figure Markets at a significantly reduced price as part of efforts to reimburse creditors and former clients. FTX Sold $2.6 Billion Worth Of Solana Token…
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Bitcoin Price Prediction as Crypto Exchanges Announce 1,200 Job Openings – Will BTC Pump Higher?

May 26, 2024

Bitcoin Price Prediction Bitcoin (BTC/USD) is currently trading at $69,088, reflecting a slight decline of 0.33%, signalling a bearish Bitcoin price prediction. Meanwhile, the cryptocurrency industry is experiencing a surge in hiring, with over 1,200 job openings across major exchanges like Binance, Coinbase, and OKX. This hiring spree highlights the industry’s optimism despite Bitcoin’s recent…
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Report: Investigation Finds No Fault With Sullivan & Cromwell in FTX Bankruptcy

May 26, 2024

An investigation into the law firm Sullivan & Cromwell LLP, which worked with the now-defunct crypto exchange FTX, revealed that the firm was neither involved in the fraud nor aware of the financial troubles that plagued the collapsed trading platform. Sullivan & Cromwell Cleared of Negligence in FTX Collapse Following a recent investigation, former U.S.…
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