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…

“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…

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…

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…

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…

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…