In a significant development that reflects the dynamic nature of regulatory measures surrounding cryptocurrencies, South Korea’s Democratic Party has opted to delay the imposition of new taxation laws on crypto profits. As observed in a report by the Korean Herald, this decision marks a temporary ceasefire in the ongoing discourse over the governance of digital
2024
The cryptocurrency landscape in Japan has witnessed radical changes recently, especially with the strategic moves made by SBI VC Trade, a subsidiary of the notable SBI Holdings. This development underscores not only the growing popularity of crypto in the region but also the urgent need for stronger security and trust in trading platforms. As one
The cryptocurrency space in the UK continues to exhibit a dynamic trajectory, as highlighted by the recent findings from the Financial Conduct Authority (FCA). This growing interest among the population not only raises questions about the implications of increased ownership but also about the pressing need for regulatory frameworks that could potentially transform this volatile
In an age where technological innovation continually blurs the lines of regulation, Polymarket, a prominent blockchain-based prediction market, finds itself at the center of controversy. Recently, the platform enacted a block on French users, driven by an investigation from France’s national gaming authority, the ANJ (Autorité Nationale des Jeux). This development not only underscores the
Binance, recognized as the largest cryptocurrency exchange worldwide, has recently announced that it has surpassed 240 million users as of November 22, 2023. This impressive statistic reflects a massive increase of 70 million users over the past year, climbing from 170 million at the end of 2022. Such a user base positions Binance as not
In a significant move aimed at addressing the fallout from the tumultuous initial coin offering (ICO) landscape of 2017, the US Securities and Exchange Commission (SEC) recently announced the distribution of $4.6 million to investors affected by the downfall of crypto startup BitClave. This action follows a settlement reached in 2020, which aimed to compensate
Over the last week, Bitcoin has made headlines once again, continuously soaring to new all-time highs. This recent surge has sparked numerous discussions among both seasoned investors and newcomers in the cryptocurrency realm. While political events, such as Donald Trump’s recent electoral triumph, have historically had an impact on financial markets, it’s evident that Bitcoin’s
In recent discussions surrounding global cryptocurrency dynamics, Hashkey Group’s CEO, Xiao Feng, unveiled an intriguing perspective on the interplay between US political actions and China’s stringent stance on digital assets. Feng’s assertions indicate a belief that a pro-crypto administration under former President Donald Trump could catalyze significant changes in how China approaches Bitcoin (BTC) and
On November 13, an alarming situation unfolded involving the CEO of Polymarket, Shayne Coplan, as federal agents from the FBI reportedly seized his personal phone and electronic devices. A recent report from the New York Post has shed light on this incident, suggesting that authorities may be investigating Polymarket for allegations of manipulating markets and
In recent discussions surrounding the U.S. financial system, Federal Reserve Governor Christopher Waller has openly questioned the necessity of a Central Bank Digital Currency (CBDC) in modern payment structures. Speaking at The Clearing House Annual Conference 2024 on November 12, Waller reiterated a crucial point he posed in a previous speech: What specific problem or