The Korea Financial Intelligence Unit (KoFIU) has recently unveiled a comprehensive plan to strengthen its oversight of the cryptocurrency industry. These measures aim to improve financial supervision and enhance consumer protection in the rapidly evolving digital asset market. As part of KoFIU’s strategy for 2024, the agency will be imposing stringent operational standards on crypto
The recent localized price drop of the iconic Solana meme coin, BONK, has sparked concerns among holders, leading them to question whether the price of BONK is headed towards zero. In order to assess the current situation and potential investment opportunities, let’s delve into the analysis of BONK’s price trends and compare it to another
An inquiry by the United States Securities and Exchange Commission (SEC) has compelled Elon Musk, the renowned entrepreneur, to offer his testimony regarding his acquisition of Twitter, which has now been rebranded as X. Judge Laurel Beeler has upheld the SEC’s authority in the matter, affirming the legitimacy of the subpoena and its aim to
New data from a recent JP Morgan survey reveals that institutional traders around the world are still hesitant to expose their holdings to digital assets. While there has been a slight growth in the number of pro-crypto firms, the majority of participants, accounting for 78% of traders, have no immediate plans to trade cryptocurrencies. This
After a tumultuous 2022, industry experts predict a remarkable resurgence for Bitcoin (BTC) in 2024. The main driving force behind this positive sentiment is the highly anticipated Bitcoin halving event, scheduled for April 2024. This event, which occurs every four years, reduces the block reward for miners by half, effectively diminishing the supply of new
In a recent development, Jeffrey Wilcke, the co-founder of Ethereum, has made a significant deposit of 4,300 ETH to a cryptocurrency exchange, injecting renewed interest and excitement into the market. This deposit amounts to 22,000 ETH, valued at approximately $41.1 million at the time. It is worth noting that this deposit comes after a considerable
South Korean prosecutors have hit a roadblock in their attempts to shut down kimchi premium crypto traders, with 14 suspects being cleared of any wrongdoing. The officials had accused 16 individuals of illegally remitting $3.2 billion worth of assets, including cryptocurrency, fiat currency, and goods. However, the Seoul Central District Court acquitted 14 of the
The PEPE meme coin has faced challenges in recent months, failing to fully capitalize on the ongoing bull run in the market. However, there seems to be a glimmer of hope as the token shows signs of recovery. In the past week, its value has experienced a significant increase, catching the attention of both investors
Crypto analyst Adam Back has recently shared his optimistic prediction that Bitcoin (BTC) could potentially reach the $100,000 price mark before the eagerly awaited halving event in April. This projection comes as Bitcoin continues its recovery from a rather bearish January. In the past week alone, BTC’s price has gained 11.02%, moving into the $47,000
Bitcoin (BTC) has made significant gains in the past 24 hours, climbing by 4.04% to briefly exceed the $48,000 mark, according to data from CoinMarketCap. However, the cryptocurrency now lingers around the $47,100 mark, leaving investors and market experts speculative about its future trajectory. Notably, renowned analyst Ali Martinez predicts a major dip in Bitcoin’s