Crypto

‘Confusion’ as Regulator Chimes in Amid South Korean Delisting Spree

Source: Adobe/Shawn Hempel 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 in time for a September 24 deadline, exchanges will ...

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Top South Korean Crypto Exchanges Purging Altcoins in Late-night Culls

Source: iStock/PeopleImages 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 and 25 others given a one-month period in which to ...

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Bybit-backed BitDAO Announces USD 230M Funding Round to Fuel R&D

Source: Adobe/Siarhei 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 Capital and Dragonfly Capital. The Bybit exchange – the DAO’s first ...

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Full List of Ethereum London Upgrade Changes

Source: AdobeStock / RobbinLee The Ethereum (ETH) London network upgrade is fast approaching, and the core developers have released the final list of the Ethereum Improvement Proposals (EIPs) it’s comprised of – and one of them you’ll certainly recognize. The London upgrade follows April’s Berlin upgrade, and is set for July. EIP-1559 This time around five EIPs will be included, ...

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IMF Not Happy About El Salvador Bitcoin Move

Source: iStock/Bumblee_Dee Adoption of bitcoin (BTC) as legal tender raises “a number of macroeconomic, financial and legal issues that require very careful analysis,” Reuters reported, citing a spokesman for the International Monetary Fund (IMF). The fund is following “developments closely” and will continue “consultations with the authorities.” As reported, Nayib Bukele, the President of El Salvador, will discuss the Bitcoin ...

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Employee Found Mining Ethereum Beneath Seoul’s Premier Opera House

Seoul Arts Center, Source: Wikipedia/Oskar Alexanderson An employee at South Korea’s most prestigious arts center and opera house – the Seoul Arts Center, in the affluent south-central part of the capital – has been found secretly mining Ethereum (ETH) in a basement room, using the center’s electricity. Per Hangook Ilbo and YTN, the unnamed member of the center’s staff, presumably ...

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Police Recover ETH 1,360 Stolen from an Exchange in 2018

Source: Adobe/Kindarts South Korean police have recovered a bumper haul of ethereum (ETH) tokens stolen from an exchange by hackers in 2018 after a three-year search – and the victims, the trading platform’s customers, are set to be reunited with their coins, which have appreciated in value, despite the recent market slump. An unnamed domestic crypto exchange was raided to ...

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Daymak Set to Put Bitcoin, Ethereum Mining Electric Cars on the Roads

Source: daymakavvenire.com Canadian light electric vehicle (LEV) manufacturer Daymak announced Spiritus – its upcoming electric car that will come with its own comprehensive crypto infrastructure. The model should support some crypto operations, including mining bitcoin (BTC), ethereum (ETH), cardano (ADA), and dogecoin (DOGE) during charging. and is set to debut in 2023, the company stated. Daymak Spiritus will come with ...

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US Financial Advisers Up Crypto Recommendations as Interest Rises

Source: Adobe/Tryfonov US-based financial advisers are increasingly recommending investments in cryptocurrencies to their clients, and less exposure to legacy finance investment products such as exchange-traded funds (ETFs) and individual stocks, according to a recent survey. This approach is in line with the rising interest demonstrated by their customer base, the report by the US-based Financial Planning Association (FPA) and the ...

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