The first cryptocurrency regulatory framework in South Korea is currently up and operational. Prioritized in the wake of the catastrophic 2022 crypto market crashes at Terra-Luna and FTX, the new regulations aim to provide investor protections. After receiving formal approval on July 18, 2023, the Virtual Asset User Protection Act
July 19, 2024 2 mins read
On Wednesday, a total of $53.35 million daily net inflow was recorded into the eleven U.S. spot bitcoin exchange-traded funds, bringing the positive run to nine days. Having said that, Tuesday’s net inflows of $422 million were far higher. SoSoValue data shows that BlackRock’s IBIT had the day’s greatest net
July 19, 2024 2 mins read
Unioverse, a web3 game creation platform, has named Eric Peterson its Chief Creative Officer. The co-founder of Star Citizen will be crucial for Unioverse’s attempts to bring web3 gaming mainstream and onboard gamers. Eric Peterson has joined Random Games, the developer of Unioverse platform, to take the helm of game development and oversee creative
July 18, 2024 2 mins read
Tuesday had the biggest daily net inflow of $422.67 million for the eleven U.S. spot bitcoin exchange-traded funds since June 5. As a result, their run of good flow was prolonged to eight days. SoSoValue data shows that BlackRock’s IBIT saw the highest net inflows since June 6th, at $260.23
July 17, 2024 1 min read
Lumia has announced the release of its layer 2 network for Real World Assets (RWA). By deploying it, RWAs will have more access, deeper onchain liquidity, and new use cases for tokenized assets. One of the first rollups particularly made for RWAs, Lumia is a modular L2 geared to achieve
July 17, 2024 2 mins read
Amid Bitcoin’s unstable recovery, evidenced by a recent 17% decline, and Stellar (XLM)’s volatility due to trading adjustments, BlockDAG has emerged as a beacon of stability and innovation. Unlike its struggling counterparts, BlockDAG has captivated the mining community with the launch of its X1 app on the App Store. This
July 16, 2024 4 mins read
For a total investment of almost $1.26 million, Japanese company Metaplanet extended its Bitcoin buying binge, purchasing an extra 21.88 BTC. Coincident with this news, the price of Bitcoin jumped 4.5% on Monday, bringing it near to $65,000. Metaplanet has been gradually increasing its Bitcoin holdings over the last two
July 16, 2024 1 min read
An assault on CDK Global’s software interrupted operations last month, impacting some 15,000 car dealerships in the United States. Around 387 Bitcoin worth around $25M was received on June 21 by an address associated with BlackSuit, according to ZachXBT. After then, the funds went to a number of centralized exchanges.
July 15, 2024 2 mins read
Last week, an agreement was filed in court by the two parties involved in the KeyFi and the founder Jason Stone’s link to the insolvent crypto lender Celsius. This settlement follows a series of lawsuits and countersuits. As part of the settlement deal, Celsius will get a plethora of assets
July 15, 2024 2 mins read
Anatoly Yakovenko, co-founder of Solana, has once again sparked heated controversy by criticizing the way the US government is dealing with cryptocurrency legislation. In the midst of the current crypto market turbulence, Yakovenko went on the X platform to express his worries. Drawing a comparison between the government’s regulatory approach
July 13, 2024 1 min read
