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Crypto-keen South Korean Thieves Raid GPUs from ‘Love Hotel’ PCs
26.6.2021
Criminals have hatched a fiendish plan to help them build up their token portfolios – by stealing graphics cards from PCs in South Korean “love hotels,” motels that cater to couples craving physical intimacy.
Love hotels can be found all over South Korea and across the sea in Japan – and provide...
Government, Police to Inspect all 60 of South Korea’s Crypto Exchanges
25.6.2021
The South Korean financial regulator is to radically step up its monitoring of the crypto industry – with an announcement that it is set to conduct inspections at all 60 of the nation’s crypto exchanges in conjunction with the police and independent IT inspectors.
After being accused of dragging...
Thinkers Suggest Launching a Pan-Central American Digital Currency
24.6.2021
Source: Adobe/IdeaBug, Inc.
El Salvador’s pending adoption of bitcoin (BTC) as legal tender has set Central American thinkers to question whether the region could seek to compete with other economies by launching a joint-central bank-run digital currency for use around the region.
In a column...
Korean Civil Service Rewards Taxman who Found USD 32M in Hidden Crypto
24.6.2021
Hwang Byung-gwang (third from left). The South Korean tax service appears in a congratulatory mood after a series of swoops on high-band tax evaders unearthed millions of dollars worth of undisclosed crypto – and has rewarded a tax who uncovered a taxman dodger’s hidden USD 32.3m crypto stash.
Per...
Meme Coins Are Among Worst Performers This Week
23.6.2021
Source: iStock/isa_ozdere
Meme coins have seen significant drops over the past week, bleeding thousands from investors' wallets, and even pushing some below their recently gained millionaire status.
At 8:10 UTC, meme tokens are up almost 17% in the past day and down nearly 30% in a week, becoming...
Central Banks Step Up Bitcoin, Stablecoin Bashing Efforts Amid CBDC Plans
23.6.2021
The Bank for International Settlements keeps bashing cryptocurrencies, such as bitcoin (BTC), and stablecoins, while preparing the ground for central bank digital currencies (CBDC), saying that they "open a new chapter for the monetary system."
Central bank interest in CBDCs comes at...
Latest South Korean Tax Evasion Busts: Crypto Worth USD 47m Seized
23.6.2021
The South Korean crackdown on high-band taxpayers who have used crypto purchases to hide the scale of their earnings from the taxman has rolled on to the affluent Gyeonggi Province, catching some big fish – with crypto confiscated from rich doctors and TV stars.
Since gaining the powers they needed...
Crypto Listing and Delisting Announcements: Week 25
21.6.2021
Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by crypto exchanges that we found last week and today.
Have we missed something? Do you have information about new listings and/or delistings? Let us know...
Bitcoin Tests New Lows, Ethereum and Altcoins Gain Bearish Momentum
21.6.2021
Bitcoin price failed to recover and it extended its decline below USD 34,000. BTC even traded below the USD 33,500 and USD 32,200 support levels. It is currently (14:09 UTC) showing bearish signs and it might extend losses below USD 32,000.
Similarly, most major altcoins are gaining bearish...
‘Confusion’ as Regulator Chimes in Amid South Korean Delisting Spree
19.6.2021
Crypto investors have been left “confused” after a spate of altcoin delistings on major South Korean exchanges has escalated to the point where the regulator has stepped in with yet more rules for under-fire trading platforms.
Already reeling from racing to adopt a long list of compliance measures...
Top South Korean Crypto Exchanges Purging Altcoins in Late-night Culls
18.6.2021
Multiple South Korean crypto exchanges have gone on token purges, culling a wide range of altcoins from their platforms – and following in the wake of the market-leading exchange Upbit, which has earmarked 30 coins for the ax.
As previously reported, Upbit’s unexpected move saw five coins removed...
Iron Finance's Algorithmic Stablecoins Warning Hits Mark Cuban Too
17.6.2021
Mark Cuban. Source: A video screenshot, Youtube/Vanity Fair
DeFi protocol Iron Finance suffered a massive impact to their TITAN token in what they described as a "bank run," and what many in the Cryptoverse called a rug pull - but inadvertently providing an important warning...
Bybit-backed BitDAO Announces USD 230M Funding Round to Fuel R&D
16.6.2021
The recently created decentralized autonomous organization (DAO) BitDAO says it has raised over USD 230m from a private sale funding round.
In a press release shared with Cryptonews.com, the DeFi group stated that it had received support from the likes of Peter Thiel, the Founders Fund, Pantera...
Bitcoin Corrects Lower, Ethereum and Altcoins Extend Losses
16.6.2021
Bitcoin price failed to stay above the USD 40,000 level and started a downside correction. BTC traded below the USD 39,500 level. It is currently (12:14 PM UTC) showing bearish signs and it seems like the bears might test USD 38,500.
Besides, most major altcoins are extending losses. ETH failed...
Tell Us the Altcoins You Want to Delist, Regulator Orders Korean Exchanges
16.6.2021
The top South Korean financial regulator has demands to know about crypto exchanges’ token delisting policies and wants to compile a list of high-risk altcoins – in a move likely connected to the trading platform Upbit’s recent decision to delist up to 30 tokens.
According to Asia Kyungjae,...
BitClout Investors Coinbase & Blockchain.com Step Up Their Shilling Efforts
15.6.2021
Peter Smith, CEO of Blockchain.com. Source: a video screenshot, Youtube/ The Business of Fashion
Major crypto exchange Coinbase CEO Brian Armstrong is taking a lot of flak today for his open support of controversial blockchain-based social network BitClout (CLOUT). While another crypto giant...
Crypto Listing and Delisting Announcements: Week 24
14.6.2021
Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by crypto exchanges that we found last week.
Have we missed something? Do you have information about new listings and/or delistings? Let us know...
Crypto Market Sentiment in Neutral Zone; Tether Wins Week, Loses Day
14.6.2021
After climbing a short step up last week, the average 7-day moving crypto market sentiment score (sentscore) for ten major coins slipped to 5 from 5.15, according to the market sentiment analysis service Omenics. Ethereum (ETH)'s sentiment is still above bitcoin (BTC)'s, and is the only coin with...
Bitcoin Eyes Key Upside Break, Ethereum and Altcoins Could Follow
14.6.2021
Bitcoin price gained pace after it broke the USD 38,000 resistance zone. BTC even climbed above USD 38,500 and USD 39,000. It is currently (12:15 PM UTC) consolidating and it might attempt an upside break above USD 40,000.
Besides, most major altcoins could continue grinding higher. ETH could rally...
Bitcoin Remains Elevated, Ethereum and Altcoins Struggle
11.6.2021
Bitcoin price corrected gains from the USD 38,500 resistance zone. However, BTC remained well bid above the USD 36,000 level. It is currently (12:07 PM UTC) trading in a positive zone and it could surge above USD 38,000.
Meanwhile, most major altcoins are struggling to gain momentum. ETH is...