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In the lead-up to the parliamentary election in South Korea, political campaigns are tapping into the country’s vibrant cryptocurrency market as a means to sway voters. This strategic move underscores the growing influence of digital assets in the socio-political landscape. Both major political factions, namely President Yoon Suk Yeol’s People Power Party and the opposition…
Terraform Labs and its co-founder, Do Kwon, faced a federal court trial in the United States District Court for the Southern District of New York, where they were found guilty of fraud in a civil case filed by the Securities and Exchange Commission (SEC). Following a two-week trial and after hearing closing arguments, the jury…
In a strategic move to address its financial obligations amid bankruptcy proceedings, Genesis, a crypto lending firm, has undertaken a significant action. This involves the conversion of approximately 36 million shares of Grayscale Bitcoin Trust (GBTC) into Bitcoin assets. This maneuver serves as part of the company’s strategy to settle its outstanding debts with creditors….
The Securities and Exchange Commission (SEC) of the Philippines is cautioning investors about the risks associated with utilizing unregistered online investment platforms. Among the platforms under scrutiny is eToro, a widely-used multinational online cryptocurrency trading platform boasting a user base of over 33 million globally. eToro, a renowned multinational online trading platform, is not registered…
The much-anticipated fourth Bitcoin halving event is swiftly approaching, projected to take place around April 19, 2024. This event isn’t just a random occurrence within Bitcoin’s framework. It represents a fundamental alteration in the blockchain’s structure, strategically designed to decrease the rate at which new Bitcoins are generated. Crafted by the mysterious Satoshi Nakamoto, the…
The rise of Shiba Inu (SHIB) in the cryptocurrency sphere is notable, particularly due to its status as a meme coin. Despite its origins as a playful digital asset inspired by the Shiba Inu dog breed meme, SHIB has gained substantial traction within the crypto community. This surge in popularity is evidenced by a notable…
In a comprehensive analysis, JP Morgan’s Global Markets Strategy team has delved into crucial developments occurring within the Ethereum network, shedding light on factors that could notably impact its classification under securities law. This report arrives at a pivotal moment for Ethereum (ETH), as the Swiss-based foundation faces scrutiny from the US Securities and Exchange…
in brief Schiff recommends exchanging Bitcoin for gold and silver, emphasizing his ongoing distrust of the cryptocurrency. Despite Bitcoin’s impressive surge, Schiff predicts an impending downfall and promotes gold and silver as reliable investment options. Financial analysts underscore the importance of conducting comprehensive research and evaluating risks when dealing with the unpredictable cryptocurrency market. Peter…
in brief Coinbase obtains a restricted dealer license in Canada. This development reflects a broader trend within the industry towards stricter regulatory compliance. Coinbase, a prominent cryptocurrency company based in the United States, has recently made a significant stride in its expansion efforts by securing a special license in Canada. This development marks a notable…
in brief India collaborates with Taiwanese tech firm Numbers Protocol to tackle fake election news using blockchain technology. The initiative involves the integration of a unique identifier (Nid) into digital content to facilitate verification of authenticity. Digital content undergoes registration on the blockchain and verification through AI-driven processes against a database of trusted sources. In…