Altcoins

More than 60 cryptocurrency exchanges are closing in South Korea

More than 60 cryptocurrency exchanges in South Korea must notify their customers of a partial or complete cessation of trading by midnight on Friday 17/9, one week before the entry into force of a new regulation. According to Reuters, in order to continue operating, exchanges must register with the relevant Financial Intelligence Unit by September 24, providing a security certificate from the Internet Security Service. They should also work with banks to ensure that the accounts belong to real names. Unregistered exchanges must terminate their services after September 24, while those that have registered but have not secured partnerships with…

Binance exchange on trial landmark. How it has saved thousands of lawsuits so far

“According to our policy, it is not our policy to compensate customers for our technical problems,” says Binance. As soon as the Canadian cryptocurrency trader saw the price of Ethereum fall, he realized that it was time to liquidate the assets he had in his possession. However, unfortunately for him, this was not possible. Ahmed was investing in Binance, the world’s largest exchange based on its trading volume. Nevertheless, on May 19, he tried for about an hour but could not “close” his seats. On that day, both Bitcoin and Ethereum recorded their biggest drop since March 2020, with the…

O «Mr. White Hat “, the hacker of the robbery of $ 600 million in cryptocurrencies returned the money

The hacker, who is responsible for one of the biggest cryptocurrency robberies of all time, returned almost the entire $ 600 million, saying he did it “for fun” and to expose a security breach. Poly Network, which manages an interoperability platform between blockchain chains, confirmed yesterday via Twitter that $ 268 million worth of Ether tokens had been recovered, and over the next 24 hours, $ 342 million worth of tokens belonging to three cryptocurrencies were returned to company. As he explained, the hacker – whom he calls “Mr. “White Hat”, a term referring to a security hacker who is…

Paris Saint-Germain paid Messi with a cryptocurrency!

In the form of a cryptocurrency, Lionel Messi will receive a part of his salary from his agreement with Paris Saint-Germain. According to a telegram from Reuters, which was later confirmed by the French club, a significant part of the signing bonus will be paid to the 34-year-old Argentine ace in the form of fan tokens, which is a kind of cryptocurrency, which allows friends of the team to have right to vote for certain – minor – decisions of the association. As with all cryptocurrencies, fan tokens are tradable and exchangeable through special platforms. Each such “brand” went on…

Cryptocurrencies are under control. The focus is on the operation of exchanges

Investor protection is a priority for the new SEC president In his first major digital money interview, the new chairman of the US Securities and Exchange Commission (SEC), Gary Gensler, hinted that he would not take a lax approach to regulating cryptocurrencies, although he has taught about them at MIT. Policymakers around the world are in the process of finding a way to regulate the $ 1.6 trillion cryptocurrency market, which has seen huge growth and fluctuations. Mr Gary Gensler is in favor of a robust regulatory framework based on securing pads for the millions of investors who have filled…

Global Cryptocurrency Adoption Doubled Since January Reaching 221 Million Users

A new report issued by Crypto.com, a cryptocurrency exchange and fintech services firm, discovered that the number of people using cryptocurrencies has more than doubled since January, reaching 221 million last June. The report states that the rise of the defi movement, institutions like Tesla, Visa, Mastercard, and Microstrategy adopting cryptocurrency, and El Salvador establishing bitcoin as legal tender, were important events that helped to popularize crypto even more. Cryptocurrency Userbase Jumps to 221 Million Worldwide, According to Crypto.com Report Crypto.com’s “Measuring Global Crypto Users” report found that the number of cryptocurrency users more than doubled during the first half of the…

Ethereum will reach $ 30,000 in 2021

The world’s second-largest cryptocurrency by capitalization, Ethereum (ETH), has caused a stir in the market this year. At the time of writing, it was up 8% to $ 3,200, with a market capitalization of more than $ 377 billion. However, Ethereum founder Vitalik Buterin is extremely bullish about the future of cryptocurrency, especially after the recent upgrade of London hardfork and the implementation of EIP-1559. During his interview, Buterin said he expects the ETH price to increase tenfold. That is, the ETH price will reach $ 30,000 by the end of the year. That means Ethereum (ETH) will have a…

A sheriff enters the Wild West with cryptocurrencies

From bitcoin to stablecoin – Monetary and government authorities intervene by setting rules in the world of cryptocurrency and preparing to issue official digital currencies Many liken the world of cryptocurrencies to the Wild West, as it is a world outside of laws and regulations, despite the fact that it is beginning to acquire significant economic importance. It seems, however, that the “sheriffs” of the monetary and state authorities have decided to intervene by setting rules and restrictions in the world of cryptocurrencies, but also by issuing their own official digital currencies. There are currently about 10,000 cryptocurrencies, the total…

Global Cryptocurrency Adoption Doubled Since January Reaching 221 Million Users

A new report issued by Crypto.com, a cryptocurrency exchange and fintech services firm, discovered that the number of people using cryptocurrencies has more than doubled since January, reaching 221 million last June. The report states that the rise of the defi movement, institutions like Tesla, Visa, Mastercard, and Microstrategy adopting cryptocurrency, and El Salvador establishing bitcoin as legal tender, were important events that helped to popularize crypto even more. Cryptocurrency Userbase Jumps to 221 Million Worldwide, According to Crypto.com Report Crypto.com’s “Measuring Global Crypto Users” report found that the number of cryptocurrency users more than doubled during the first half…

El Erian Manifesto: Governments must “embrace” the cryptocurrency revolution

It is time for governments to stop rejecting the cryptocurrency revolution, considering it the means of illegal payments and reckless financial speculation, says prominent economist Mohamed El Erian. Instead, they should embrace the cryptocurrency market for a better economy and society in general, he adds. At the same time, cryptocurrency enthusiasts need to recognize the issues that have arisen in terms of the impact of these digital assets on the environment as well as the regulatory issues that need to be addressed. According to El Erian, they must move away from the “zero-sum” mentality, according to which their profits can…